Wingstop Inc (WING) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WING SEC filings page.
Wingstop Inc (WING) reported $720.7M in revenue over the twelve months to Jun 27, 2026, up 7.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Wingstop's reported profits are rising faster than cash generation, while a liability-funded balance sheet supports shareholder distributions.
From FY2024 to FY2025, revenue increased11.4% while operating income increased only8.3% , indicating costs absorbed some of the top-line expansion. Meanwhile, net income rose60.3% while operating cash flow declined and free cash flow stayed essentially flat, so the earnings step-up was not matched by cash generation.
FY2025 liabilities were
FY2025 free cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Wingstop Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wingstop Inc has an operating margin of 25.7%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is down from 26.5% the prior year.
Wingstop Inc's revenue grew 11.4% year-over-year to $696.9M, a solid pace of expansion. This earns a growth score of 85/100.
With a current ratio of 3.26, Wingstop Inc holds $3.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 81/100.
Wingstop Inc converts 15.2% of revenue into free cash flow ($105.6M). This strong cash generation earns a score of 80/100.
Wingstop Inc scores 2.12, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.4B) relative to total liabilities ($1.4B). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Wingstop Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Wingstop Inc generates $0.88 in operating cash flow ($153.1M OCF vs $174.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Wingstop Inc earns $5.01 in operating income for every $1 of interest expense ($179.3M vs $35.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Wingstop Inc generated $185.6M in revenue in Q2 2026. This represents an increase of 6.4% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Wingstop Inc's EBITDA was $61.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.2% from the same quarter a year earlier. Against the prior quarter it is up 8.0%.
Wingstop Inc reported $31.3M in net income in Q2 2026. This represents an increase of 16.9% from the same quarter a year earlier. Against the prior quarter it is up 4.7%.
Wingstop Inc earned $1.15 per diluted share (EPS) in Q2 2026. This represents an increase of 19.8% from the same quarter a year earlier. Against the prior quarter it is up 6.5%.
Cash & Balance Sheet
Wingstop Inc recorded an outflow of $11.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 45.2% from the same quarter a year earlier. Against the prior quarter it is down 125.9%.
Wingstop Inc held $127.5M in cash against $1.2B in long-term debt as of Q2 2026.
Wingstop Inc paid $0.30 per share in dividends in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Wingstop Inc's gross margin was 86.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.
Wingstop Inc's operating margin was 29.4% in Q2 2026, reflecting core business profitability. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.
Wingstop Inc's net profit margin was 16.9% in Q2 2026, showing the share of revenue converted to profit. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
Wingstop Inc repurchased no shares in Q2 2026. Against the prior quarter it is down 100.0%.
Wingstop Inc invested $18.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 26.8% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.
Not reported for Q2 2026.
WING Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $185.6M+6.4% | $183.7M+7.4% | $175.7M+8.6% | $175.7M+8.1% | $174.3M+12.0% | $171.1M+17.4% | $161.8M+27.4% | $162.5M+38.8% |
| Cost of Revenue | $25.1M+2.7% | $24.7M+8.2% | $24.5M+5.0% | $24.3M-0.1% | $24.4M+7.6% | $22.8M+7.4% | $23.3M+18.5% | $24.4M+38.3% |
| Gross Profit | $160.5M+7.1% | $159.0M+7.3% | $151.2M+9.2% | $151.4M+9.6% | $149.9M+12.7% | $148.3M+19.1% | $138.5M+29.0% | $138.1M+38.9% |
| SG&A Expenses | $30.2M-8.2% | $34.4M+9.6% | $33.3M+6.7% | $30.7M-5.1% | $32.9M+17.2% | $31.4M+24.9% | $31.2M+11.2% | $32.3M+40.1% |
| Operating Income | $54.6M+20.8% | $50.4M+31.7% | $46.8M+11.9% | $49.0M+23.0% | $45.2M+9.7% | $38.3M-10.5% | $41.8M+40.3% | $39.8M+29.9% |
| EBITDA | $61.8M+20.2% | $57.2M+28.7% | $53.2M+11.6% | $55.2M+23.0% | $51.5M+10.9% | $44.5M-3.6% | $47.7M+42.6% | $44.9M+31.8% |
| Interest Expense | $9.8M+15.9% | $9.8M+9.6% | $9.2M+43.4% | $9.2M+79.4% | $8.5M+62.9% | $8.9M+96.1% | $6.4M+31.2% | $5.1M+13.5% |
| Income Tax | $13.4M+33.6% | $10.7M-65.4% | $10.8M+8.8% | $11.2M+14.3% | $10.0M+11.1% | $30.9M+217.2% | $10.0M+61.3% | $9.8M+46.9% |
| Net Income | $31.3M+16.9% | $29.9M-67.6% | $26.8M0.0% | $28.5M+10.7% | $26.8M-2.6% | $92.3M+221.0% | $26.8M+42.2% | $25.7M+31.9% |
| EPS (Basic) | $1.15+19.8% | $1.09-66.5% | $0.97+5.4% | $1.02+15.9% | $0.96+2.1% | $3.25+231.6% | $0.92+43.8% | $0.88+33.3% |
| EPS (Diluted) | $1.15+19.8% | $1.08-66.7% | $0.97+5.4% | $1.02+15.9% | $0.96+3.2% | $3.24+230.6% | $0.92+43.8% | $0.88+35.4% |
| Diluted Shares (Avg) | 27M-2.7% | 28M-3.2% | N/A | 28M-4.7% | 28M-5.0% | 29M-3.3% | N/A | 29M-1.5% |
Not reported in any period shown, so not listed: R&D Expenses.
WING Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $658.0M-7.1% | $648.9M-6.9% | $693.4M-3.2% | $721.0M+48.7% | $708.3M+56.8% | $696.8M+69.0% | $716.2M+89.6% | $484.8M+37.8% |
| Current Assets | $208.3M-33.4% | $216.9M-33.1% | $267.5M-32.4% | $320.2M+92.6% | $312.8M+92.2% | $324.3M+89.8% | $395.6M+174.1% | $166.2M+25.1% |
| Cash & Equivalents | $127.5M-44.1% | $128.8M-48.8% | $196.6M-37.8% | $237.6M+183.0% | $227.9M+135.6% | $251.4M+132.1% | $315.9M+250.2% | $84.0M+7.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $25.1M-11.6% | $23.5M+27.5% | $20.8M+5.9% | $19.4M+14.6% | $28.4M+76.8% | $18.5M+35.2% | $19.7M+58.5% | $16.9M+41.7% |
| Long-Term Investments | $90.7M+9.0% | $88.4M+16.1% | $87.2M+924.1% | $83.8M | $83.2M | $76.1M | $8.5M | $0 |
| Goodwill | $83.9M+5.9% | $83.9M+12.3% | $83.9M+12.3% | $79.2M+6.0% | $79.2M+15.2% | $74.7M+10.4% | $74.7M+10.4% | $74.7M+14.7% |
| Total Liabilities | $1.4B+2.6% | $1.4B+2.6% | $1.4B+2.8% | $1.4B+52.7% | $1.4B+56.8% | $1.4B+66.8% | $1.4B+66.6% | $932.2M+12.7% |
| Current Liabilities | $70.2M-1.9% | $96.7M+6.3% | $82.0M-6.3% | $79.0M-33.6% | $71.6M-15.3% | $91.0M+15.4% | $87.4M+23.2% | $118.9M+76.6% |
| Non-Current Liabilities | $1.4B+2.9% | $1.4B+2.3% | $1.3B+3.4% | $1.3B+65.3% | $1.3B+64.3% | $1.3B+72.0% | $1.3B+70.7% | $813.3M+7.0% |
| Long-Term Debt | $1.2B+0.2% | $1.2B+0.2% | $1.2B+0.2% | $1.2B+69.3% | $1.2B+69.3% | $1.2B+69.3% | $1.2B+69.3% | $713.7M+0.3% |
| Total Equity | -$773.0M-12.7% | -$799.2M-11.8% | -$736.8M-9.1% | -$702.6M-57.0% | -$686.0M-56.8% | -$715.0M-64.6% | -$675.6M-47.7% | -$447.5M+5.9% |
| Retained Earnings | -$779.2M-11.7% | -$804.3M-11.8% | -$744.9M-10.0% | -$709.7M-57.9% | -$697.6M-58.8% | -$719.3M-65.3% | -$676.9M-47.2% | -$449.3M+5.7% |
Not reported in any period shown, so not listed: Inventory.
WING Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.9M+5.1% | $61.4M+142.7% | $57.3M+640.3% | $63.9M-7.5% | $6.6M-81.8% | $25.3M-43.4% | $7.7M-79.5% | $69.0M+92.9% |
| Depreciation & Amortization | $7.2M+15.9% | $6.8M+9.8% | $6.4M+8.9% | $6.2M+23.3% | $6.2M+20.5% | $6.2M+82.6% | $5.9M+60.8% | $5.1M+49.3% |
| Stock-Based Compensation | N/A | $4.8M-9.2% | N/A | N/A | N/A | $5.3M+39.3% | N/A | N/A |
| Capital Expenditures | $18.2M+26.8% | $17.7M+121.0% | $22.8M+39.7% | $2.2M-84.3% | $14.4M+39.4% | $8.0M-28.1% | $16.4M+30.4% | $14.1M+25.0% |
| Free Cash Flow | -$11.3M-45.2% | $43.7M+152.8% | $34.5M+500.3% | $61.7M+12.3% | -$7.8M-130.1% | $17.3M-48.4% | -$8.6M-134.0% | $54.9M+124.3% |
| Investing Cash Flow | -$18.2M+22.8% | -$17.7M-143.8% | -$32.2M-160.2% | -$2.2M+91.1% | -$23.6M-73.5% | $40.5M+447.4% | -$12.4M+33.8% | -$24.9M-120.2% |
| Financing Cash Flow | -$7.9M+9.6% | -$95.5M+32.0% | -$69.3M-129.7% | -$48.2M-11.9% | -$8.7M+75.4% | -$140.4M-1360.4% | $233.1M+3702.0% | -$43.1M+67.2% |
| Dividends Paid | $8.2M+7.6% | $8.5M+5.6% | $8.4M+6.0% | $8.4M+6.0% | $7.6M+17.3% | $8.0M+21.8% | $7.9M+21.8% | $7.9M+19.8% |
| Share Buybacks | $0 | $78.5M-35.0% | $61.1M-75.6% | $40.0M+14.2% | $0-100.0% | $120.8M | $250.5M+165763.6% | $35.0M-72.1% |
WING Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.5%+0.5pp | 86.6%-0.1pp | 86.1%+0.5pp | 86.2%+1.2pp | 86.0%+0.6pp | 86.7%+1.2pp | 85.6%+1.1pp | 85.0%0.0pp |
| Operating Margin | 29.4%+3.5pp | 27.4%+5.1pp | 26.7%+0.8pp | 27.9%+3.4pp | 25.9%-0.5pp | 22.4%-7.0pp | 25.9%+2.4pp | 24.5%-1.7pp |
| Net Margin | 16.9%+1.5pp | 16.3%-37.7pp | 15.2%-1.3pp | 16.2%+0.4pp | 15.3%-2.3pp | 53.9%+34.2pp | 16.5%+1.7pp | 15.8%-0.8pp |
| Return on Assets | 4.8%+1.0pp | 4.6%-8.6pp | 3.9%+0.1pp | 4.0%-1.4pp | 3.8%-2.3pp | 13.2%+6.3pp | 3.7%-1.2pp | 5.3%-0.2pp |
| Current Ratio | 2.97-1.4x | 2.24-1.3x | 3.26-1.3x | 4.05+2.7x | 4.37+2.4x | 3.56+1.4x | 4.52+2.5x | 1.40-0.6x |
| Asset Turnover | 0.280.0x | 0.280.0x | 0.250.0x | 0.24-0.1x | 0.25-0.1x | 0.25-0.1x | 0.23-0.1x | 0.340.0x |
| FCF Margin | -6.1%-1.6pp | 23.8%+13.7pp | 19.6%+24.9pp | 35.1%+1.3pp | -4.5%-21.1pp | 10.1%-12.9pp | -5.3%-25.2pp | 33.8%+12.9pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$736.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Wingstop Inc WING | FY2025 | $696.9M | $174.3M | 25.0% | $3.4B | 75/100 |
| CAVA Group, Inc. CAVA | FY2025 | $1.2B | $63.7M | 5.4% | $6.3B | 52/100 |
| Brinker International, Inc. EAT | FY2026 | $5.8B | $487.0M | 8.4% | $8.1B | 58/100 |
| Shake Shack Inc. SHAK | FY2025 | $1.4B | $49.7M | 3.4% | $2.7B | 53/100 |
| Cheesecake Factory (The) CAKE | FY2025 | $3.8B | $148.0M | 3.9% | $5.4B | 41/100 |
| Dutch Bros Inc. BROS | FY2025 | $1.6B | $79.8M | 4.9% | $5.2B | 55/100 |
Where Wingstop Inc Ranks
Frequently Asked Questions
What is Wingstop Inc's annual revenue?
Wingstop Inc (WING) reported $696.9M in total revenue for fiscal year 2025. This represents a 11.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wingstop Inc's revenue growing?
Wingstop Inc (WING) revenue grew by 11.4% year-over-year, from $625.8M to $696.9M in fiscal year 2025.
Is Wingstop Inc profitable?
Yes, Wingstop Inc (WING) reported a net income of $174.3M in fiscal year 2025, with a net profit margin of 25.0%.
What is Wingstop Inc's EBITDA?
Wingstop Inc (WING) had EBITDA of $204.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wingstop Inc have?
As of fiscal year 2025, Wingstop Inc (WING) had $196.6M in cash and equivalents against $1.2B in long-term debt.
What is Wingstop Inc's gross margin?
Wingstop Inc (WING) had a gross margin of 86.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Wingstop Inc's operating margin?
Wingstop Inc (WING) had an operating margin of 25.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Wingstop Inc's net profit margin?
Wingstop Inc (WING) had a net profit margin of 25.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Wingstop Inc pay dividends?
Yes, Wingstop Inc (WING) paid $1.14 per share in dividends during fiscal year 2025.
What is Wingstop Inc's free cash flow?
Wingstop Inc (WING) generated $105.6M in free cash flow during fiscal year 2025. This represents a -0.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wingstop Inc's operating cash flow?
Wingstop Inc (WING) generated $153.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Wingstop Inc's total assets?
Wingstop Inc (WING) had $693.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wingstop Inc's capital expenditures?
Wingstop Inc (WING) invested $47.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Wingstop Inc's current ratio?
Wingstop Inc (WING) had a current ratio of 3.26 as of fiscal year 2025, which is generally considered healthy.
What is Wingstop Inc's return on assets (ROA)?
Wingstop Inc (WING) had a return on assets of 25.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Wingstop Inc's P/E ratio?
Wingstop Inc (WING) trades at 29.5x earnings, its market capitalization divided by net income of $116.4M net income, trailing 12 months to June 27, 2026. The market capitalization is $3.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Wingstop Inc's price-to-sales ratio?
Wingstop Inc (WING) trades at 4.8x sales, its market capitalization divided by revenue of $720.7M revenue, trailing 12 months to June 27, 2026. The market capitalization is $3.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Wingstop Inc's debt-to-equity ratio negative or not reported?
Wingstop Inc (WING) has negative shareholder equity of -$736.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Wingstop Inc's Altman Z-Score?
Wingstop Inc (WING) has an Altman Z-Score of 2.12, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wingstop Inc's Piotroski F-Score?
Wingstop Inc (WING) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wingstop Inc's earnings high quality?
Wingstop Inc (WING) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wingstop Inc cover its interest payments?
Wingstop Inc (WING) has an interest coverage ratio of 5.01x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wingstop Inc?
Wingstop Inc (WING) scores 75 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.