Wingstop Inc. (WING) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.02	$1.18	+15.7%	—	$185.6M	—
Q1 26	$1.03	$1.18	+14.6%	—	$183.7M	—
Q4 25	$0.83	$1	+20.5%	—	$175.7M	—
Q3 25	$0.92	$1.09	+18.5%	—	$175.7M	—
Q2 25	$0.87	$1	+14.9%	—	$174.3M	—
Q1 25	$0.87	$1.03	+18.4%	—	$171.1M	—
Q4 24	$0.87	$0.95	+9.2%	—	$161.8M	—
Q3 24	$0.96	$0.89	-7.3%	—	$162.5M	—
Q2 24	$0.83	$0.93	+12.0%	—	$155.7M	—
Q1 24	$0.77	$0.98	+27.3%	—	$145.8M	—
Q4 23	$0.57	$0.64	+12.3%	—	$127.1M	—
Q3 23	$0.52	$0.69	+32.7%	—	$117.1M	—
Q2 23	$0.51	$0.57	+11.8%	—	$107.2M	—
Q1 23	$0.45	$0.59	+31.1%	—	$108.7M	—
Q4 22	$0.41	$0.6	+46.3%	—	$104.9M	—
Q3 22	$0.36	$0.45	+25.0%	—	$92.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.23	—	—	$696.9M	—
FY24	—	$3.72	—	—	$625.8M	—
FY23	—	$2.36	—	—	$460.1M	—
FY22	—	$1.77	—	—	$357.5M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$103.3M	$133.3M	$153.2M	$199.7M	$248.8M	$282.5M	$357.5M	$460.1M	$625.8M	$696.9M
YoY change	+32.5%	+29%	+14.9%	+30.4%	+24.6%	+13.5%	+26.6%	+28.7%	+36%	+11.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	103.3M	133.3M	153.2M	199.7M	248.8M	282.5M	357.5M	460.1M	625.8M	696.9M
Cost of revenue	39.2M	61.2M	65.8M	101.1M	125.9M	141.4M	186.5M	237.2M	324.9M	357.6M
Gross profit	64.2M	72.1M	87.4M	98.6M	122.9M	141.1M	171.1M	222.8M	300.9M	339.3M
Gross margin	62.1%	54.1%	57.1%	49.4%	49.4%	49.9%	47.8%	48.4%	48.1%	48.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	34.6M	34.9M	44.6M	50.2M	61.1M	62.9M	67.1M	96.9M	116.8M	128.4M
Operating expenses	34.6M	34.9M	44.6M	50.2M	61.1M	62.9M	67.1M	96.9M	116.8M	128.4M
Operating income	26.6M	33.9M	38.5M	42.9M	54.3M	70.3M	93.1M	112.7M	164.6M	185.8M
Operating margin	25.8%	25.4%	25.2%	21.5%	21.8%	24.9%	26%	24.5%	26.3%	26.7%
Non-operating income, net	-254K	—	-1.5M	—	-10.6M	3.6M	-2.6M	-152K	3.9M	87.1M
Pretax income	22M	28.7M	26.9M	25.8M	26.9M	58.9M	69.3M	94.3M	147.2M	237.2M
Income tax	8.2M	4.8M	5.2M	5.3M	3.6M	16.2M	16.4M	24.1M	38.5M	62.9M
Net income	13.8M	23.9M	21.7M	20.5M	23.3M	42.7M	52.9M	70.2M	108.7M	174.3M
Net margin	13.3%	18%	14.2%	10.3%	9.37%	15.1%	14.8%	15.3%	17.4%	25%
EBITDA	29.4M	37.2M	42.8M	48.4M	61.8M	78.3M	103.4M	125.9M	186.9M	210.9M
EPS	0.54	0.94	0.74	0.7	0.79	1.43	1.77	2.36	3.72	6.23
Diluted EPS	0.53	0.93	0.73	0.69	0.78	1.42	1.77	2.35	3.7	6.21

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	117.1M	127.1M	145.8M	155.7M	162.5M	161.8M	171.1M	174.3M	175.7M	175.7M	183.7M	185.6M
Cost of revenue	60M	65.5M	74.5M	81.2M	85.3M	83.9M	88.6M	89.9M	89.9M	89.2M	92M	93.5M
Gross profit	57.1M	61.5M	71.3M	74.5M	77.2M	77.9M	82.5M	84.4M	85.9M	86.5M	91.7M	92.1M
Gross margin	48.8%	48.4%	48.9%	47.8%	47.5%	48.1%	48.2%	48.4%	48.9%	49.3%	49.9%	49.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	23M	28.1M	25.2M	28.1M	32.3M	31.2M	31.4M	32.9M	30.7M	33.3M	34.4M	30.2M
Operating expenses	23M	28.1M	25.2M	28.1M	32.3M	31.2M	31.4M	32.9M	30.7M	33.3M	34.4M	30.2M
Operating income	30.7M	29.8M	42.7M	41.2M	39.8M	40.8M	44.8M	45.2M	49M	46.8M	50.4M	54.6M
Operating margin	26.2%	23.5%	29.3%	26.5%	24.5%	25.2%	26.2%	25.9%	27.9%	26.7%	27.4%	29.4%
Non-operating income, net	1K	66K	303K	471K	800K	2.3M	87.3M	—	-128K	-29K	-72K	-167K
Pretax income	26.2M	25M	38.5M	36.5M	35.5M	36.7M	123.2M	36.8M	39.6M	37.6M	40.6M	44.7M
Income tax	6.6M	6.2M	9.8M	9M	9.8M	10M	30.9M	10M	11.2M	10.8M	10.7M	13.4M
Net income	19.5M	18.8M	28.7M	27.5M	25.7M	26.8M	92.3M	26.8M	28.5M	26.8M	29.9M	31.3M
Net margin	16.7%	14.8%	19.7%	17.7%	15.8%	16.5%	53.9%	15.4%	16.2%	15.2%	16.3%	16.9%
EBITDA	34.1M	33.5M	46.5M	46.9M	45.7M	48M	51M	51.5M	55.2M	53.2M	57.2M	61.8M
EPS	0.66	0.64	0.98	0.94	0.88	0.92	3.25	0.96	1.02	0.97	1.09	1.15
Diluted EPS	0.65	0.64	0.98	0.93	0.88	0.92	3.24	0.96	1.02	0.96	1.08	1.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	847.4M	1.1B	1.9B	2.5B	3.9B	5.1B	4.1B	7.6B	8.3B	6.7B	2.8B
Enterprise value	994.3M	1.3B	2.2B	2.8B	4.4B	5.6B	4.6B	8.3B	9.3B	7.7B	3.8B
Shares outstanding	28.6M	29M	29.2M	29.4M	29.6M	29.8M	29.9M	29.8M	29.3M	28M	28M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	61.5	47.3	86.4	123.9	168.4	120.6	77.7	108.8	76.5	38.3	24.2
P/S	8.2	8.49	12.2	12.7	15.8	18.2	11.5	16.6	13.3	9.57	3.87
P/B	-11.4	-19.4	-8.35	-12.1	-11.5	-16.6	-10.5	-16.7	-12.3	-9.06	-3.59
EV/EBITDA	33.9	33.8	50.8	58.6	70.5	71.1	44.9	65.6	49.6	36.7	16.4
EV/Sales	9.62	9.46	14.2	14.2	17.5	19.7	13	18	14.8	11.1	5.33
Earnings yield	1.62%	2.12%	1.16%	0.81%	0.59%	0.83%	1.29%	0.92%	1.31%	2.61%	4.13%
FCF yield	2.34%	2.2%	1.85%	0.63%	1.52%	0.41%	1.27%	1.06%	1.27%	1.58%	3.56%
PEG	—	—	—	—	—	—	—	—	—	—	1.22

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	62.1%	54.1%	57.1%	49.4%	49.4%	49.9%	47.8%	48.4%	48.1%	48.7%	49.6%
Operating margin	25.8%	25.4%	25.2%	21.5%	21.8%	24.9%	26%	24.5%	26.3%	26.7%	29.8%
Net margin	13.3%	18%	14.2%	10.3%	9.37%	15.1%	14.8%	15.3%	17.4%	25%	16.2%
ROE	-18.5%	-41%	-9.66%	-9.78%	-6.83%	-13.8%	-13.5%	-15.3%	-16.1%	-23.7%	-23.7%
ROA	12.3%	20%	15.5%	12.3%	11%	17.1%	12.5%	18.6%	15.2%	25.1%	19%
ROIC	23.1%	39.8%	41.7%	37.7%	51.8%	44.7%	50.4%	50.2%	44.4%	40.5%	38.7%
Return on tangible assets	-17.7%	-34.3%	-40.7%	-80.4%	149.5%	86.3%	24.5%	43.4%	22.3%	37.9%	27.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.66	0.83	1.13	0.92	1.44	1.77	3.63	2.03	4.52	3.26	2.97
Quick ratio	0.65	0.82	1.12	0.91	1.43	1.76	3.63	2.03	4.52	3.26	2.97
Debt / equity	-2.02	-2.28	-1.39	-1.49	-1.39	-1.52	-1.83	-1.56	-1.87	-1.72	-0.02
Debt / assets	1.35	1.11	2.23	1.88	2.24	1.89	1.69	1.89	1.77	1.83	1.93
Net debt / EBITDA	5.01	3.47	6.99	6.2	6.99	5.4	5.14	4.96	5.08	5.09	5.03
Interest coverage	5.99	6.6	3.66	2.5	2.61	4.93	4.27	6.17	7.91	7.63	5.28
Effective tax rate	37.3%	16.7%	19.3%	20.5%	13.5%	27.6%	23.6%	25.6%	26.1%	26.5%	28.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	3.61	4.59	5.24	6.79	8.41	9.49	12	15.5	21.4	24.9	26.1
EPS (basic)	0.54	0.94	0.74	0.7	0.79	1.43	1.77	2.36	3.72	6.23	6.23
EPS (diluted)	0.53	0.93	0.73	0.69	0.78	1.42	1.77	2.35	3.7	6.21	4.23
Book value per share	-2.61	-2.01	-7.69	-7.12	-11.5	-10.4	-13.1	-15.4	-23.1	-26.3	-28.4
FCF per share	0.69	0.86	1.19	0.55	2.01	0.7	1.75	2.71	3.61	3.78	4.72
Cash per share	0.13	0.14	0.43	0.44	1.38	1.63	6.17	3.03	10.8	7.03	4.68
Capex per share	0.07	0.09	0.14	0.76	0.2	0.94	0.8	1.37	1.77	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.99%	1.9%	2.6%	11.3%	2.43%	9.92%	6.7%	8.88%	8.3%	—	—
Capex / operating cash flow	9.32%	9.07%	10.6%	58.8%	11.2%	50.9%	32.5%	33.8%	30.2%	—	—
Payout ratio	604.7%	17%	878.2%	57.3%	702.8%	46.5%	266.8%	35.5%	26.6%	18.6%	28.4%
Dividend yield	9.83%	0.36%	10.2%	0.46%	4.17%	0.39%	3.43%	0.33%	0.35%	0.49%	1.3%

Yield

1.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.33

ex-dividend Aug 14, 2026

Payout ratio

28%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.33
May 15, 2026	$0.30
Mar 6, 2026	$0.30
Nov 21, 2025	$0.30
Aug 15, 2025	$0.30
May 16, 2025	$0.27
Mar 7, 2025	$0.27

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$117.1M	$127.1M	$145.8M	$155.7M	$162.5M	$161.8M	$171.1M	$174.3M	$175.7M	$175.7M	$183.7M	$185.6M
YoY change	+26.4%	+21.2%	+34.1%	+45.3%	+38.8%	+27.4%	+17.4%	+12%	+8.15%	+8.57%	+7.38%	+6.44%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.8M	4.1M	12.5M	12.8M	40.9M	48.6M	184.5M	90.2M	315.9M	196.6M
Receivables	2.3M	3.1M	3.7M	4.4M	4M	5.1M	7.4M	11M	16.2M	17.8M
Inventory	226K	216K	299K	315K	396K	484K	389K	535K	—	—
Total current assets	11.1M	15.9M	29.9M	30.2M	72.6M	70.1M	226.7M	144.3M	395.6M	267.5M
Property, plant & equipment	5M	5.8M	8.3M	27.8M	12.5M	38.7M	51.1M	75.5M	159.2M	179.2M
Goodwill & intangibles	189.5M	189.6M	193.2M	191.6M	196M	199.8M	208.5M	216.3M	227.8M	233.2M
Total assets	111.8M	119.8M	139.7M	166.1M	211.6M	249.2M	424.2M	377.8M	716.2M	693.4M
Accounts payable	1.5M	1.8M	2.8M	3.3M	3.7M	5.4M	5.2M	4.7M	6.9M	12.8M
Short-term debt	3.5M	3.5M	2.4M	5M	6M	2.4M	9.6M	2.4M	1.1M	3.2M
Total current liabilities	16.7M	19.1M	26.5M	32.9M	50.5M	39.7M	62.4M	71M	87.4M	82M
Long-term debt	147.2M	129.8M	309.4M	307.7M	466.9M	469.4M	706.8M	712.3M	1.3B	1.3B
Total liabilities	186.4M	178.3M	364.6M	375.5M	552.9M	558.7M	815.1M	835.2M	1.4B	1.4B
Shareholders' equity	-74.6M	-58.4M	-224.8M	-209.4M	-341.3M	-309.5M	-390.9M	-457.4M	-675.6M	-736.8M
Total debt	150.7M	133.3M	311.8M	312.7M	472.9M	471.8M	716.4M	714.7M	1.3B	1.3B
Net debt	147M	129.3M	299.3M	299.8M	432.1M	423.3M	531.9M	624.5M	949.5M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	78M	90.2M	108.3M	96.7M	84M	315.9M	251.4M	227.9M	237.6M	196.6M	128.8M	127.5M
Receivables	12M	11M	13.6M	16.1M	16.9M	16.2M	18.5M	28.4M	19.4M	17.8M	23.5M	25.1M
Inventory	—	535K	—	—	—	—	—	—	—	—	—	—
Total current assets	132.8M	144.3M	170.9M	162.8M	166.2M	395.6M	324.3M	312.8M	320.2M	267.5M	216.9M	208.3M
Property, plant & equipment	—	75.5M	—	163.1M	176.9M	159.2M	155.4M	159.5M	165.5M	179.2M	186.3M	202.5M
Goodwill & intangibles	211.9M	216.3M	215.7M	217.1M	228.5M	227.8M	214.8M	223.8M	223.8M	233.2M	233.2M	233.2M
Total assets	351.7M	377.8M	412.3M	451.8M	484.8M	716.2M	696.8M	708.3M	721M	693.4M	648.9M	658M
Accounts payable	5.1M	4.7M	6.4M	5.8M	10.3M	6.9M	7.9M	3.3M	11M	12.8M	9.4M	10.3M
Short-term debt	—	2.4M	—	4.1M	3.5M	1.1M	3M	3M	3M	3.2M	3.4M	3.7M
Total current liabilities	67.3M	71M	78.8M	84.5M	118.9M	87.4M	91M	71.6M	79M	82M	96.7M	70.2M
Long-term debt	711.9M	712.3M	712.8M	767.2M	774.1M	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
Total liabilities	827.1M	835.2M	846.6M	889.4M	932.2M	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Shareholders' equity	-475.4M	-457.4M	-434.4M	-437.5M	-447.5M	-675.6M	-715M	-686M	-702.6M	-736.8M	-799.2M	-773M
Total debt	711.9M	714.7M	712.8M	771.3M	777.7M	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B
Net debt	633.9M	624.5M	604.5M	674.5M	693.7M	949.5M	1B	1B	1B	1.1B	1.1B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	13.8M	23.9M	21.7M	20.5M	23.3M	42.7M	52.9M	70.2M	108.7M	174.3M
Depreciation & amortization	3M	3.4M	4.3M	5.5M	7.5M	7.9M	10.9M	13.2M	19.5M	25.1M
Stock-based compensation	1.2M	1.9M	3.7M	7M	8.6M	9.6M	4.2M	15.6M	22.1M	24.9M
Change in working capital	5.3M	1M	8.3M	4.2M	12.9M	-9.6M	6.9M	21.4M	21.3M	-4.5M
Operating cash flow	22.1M	27.9M	37.5M	38.3M	53.9M	55M	73.7M	120.9M	171.9M	153.1M
Capital expenditure	-2.1M	-2.5M	-4M	-22.5M	-6.1M	-28M	-23.9M	-40.8M	-51.9M	—
Investing cash flow	-2.1M	-6.5M	-10.5M	-23.7M	-8M	-29.9M	-28.7M	-52.2M	-62.5M	30M
Dividends paid	-83.3M	-4.1M	-190.7M	-11.7M	-163.8M	-19.8M	-141.3M	-24.9M	-28.9M	-32.4M
Share repurchases	—	—	—	—	—	0	0	-125.4M	-314.7M	-221.9M
Financing cash flow	-28.7M	-21.6M	-14.2M	-15.3M	-20.4M	-24.1M	99.9M	-156.4M	143.2M	-268.1M
Net change in cash	-8.7M	-116K	12.7M	-777K	25.5M	1M	144.9M	-87.7M	252.6M	-85M
Free cash flow	19.8M	24.9M	34.8M	16.1M	59.5M	20.9M	52.3M	80.8M	105.7M	105.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.5M	18.8M	28.7M	27.5M	25.7M	26.8M	92.3M	26.8M	28.5M	26.8M	29.9M	31.3M
Depreciation & amortization	3.4M	3.6M	3.4M	5.2M	5.1M	5.9M	6.2M	6.2M	6.2M	6.4M	6.8M	7.2M
Stock-based compensation	3.1M	5.5M	3.8M	4.9M	7.3M	6M	5.3M	6.2M	6.1M	7.3M	4.8M	3.9M
Change in working capital	9.4M	9.1M	5.9M	2.5M	39.1M	-26.2M	1.6M	-23.9M	7.6M	10.2M	20.8M	-37M
Operating cash flow	35.8M	37.2M	44.3M	39.6M	75.2M	12.8M	119.5M	6.6M	63.9M	57.3M	61.4M	6.9M
Capital expenditure	-11.3M	-12.5M	-11.2M	-10.3M	-14.1M	-16.4M	-8M	—	—	—	—	—
Investing cash flow	-11.3M	-19M	-11.7M	-10.3M	-24.9M	-16.4M	40.5M	0	0	-9.3M	0	0
Dividends paid	-6.6M	-6.5M	-6.6M	-6.5M	-7.9M	-7.9M	-8M	-7.6M	-8.4M	-8.4M	-8.5M	-8.2M
Share repurchases	-125.3M	-151K	—	—	-35M	-250.5M	-120.8M	0	-40M	-61.1M	-78.5M	0
Financing cash flow	-131.9M	-6.7M	-10.3M	-6.9M	-43.1M	-267.3M	-140.4M	-9.6M	-48.5M	-69.6M	-95.5M	-8.3M
Net change in cash	-107.4M	11.6M	22.3M	22.4M	7.2M	-270.8M	19.6M	-3M	15.4M	-21.6M	-34.1M	-1.3M
Free cash flow	24.5M	25.3M	33.5M	25.9M	54.9M	-8.6M	17.3M	-7.8M	61.7M	34.5M	43.7M	-11.3M

Wingstop Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement