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Wingstop Inc.

WING Consumer Cyclical Restaurants

Wingstop Inc.’s revenue for fiscal 2025 (year ended December 2025) was $696.9 million, up 11.4% from fiscal 2024.

Revenue
+5.35%
EPS
+5.18%
Free cash flow
−19.3%
Total debt
+0.25%

Quarter to September 2026, against a year earlier

166.14 1.48 −0.88%
Market cap
$4.5B
P/E
38.8×
Fwd P/E
36.2×
Dividend yield
0.74%
F-score
6/9
Altman Z
3.47
Beneish M
−2.09
Dividend safety
68/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.55
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — 1 — — — — 1 1
Insider Ownership 0.99%

Capital & Financial Ratios $m

Size
Market Cap 4,480.00
Revenue ttm 730.11
Net income ttm 117.04
Free cash flow ttm 116.58
Net debt Q 1,080.57
Valuation
P/E 38.79 (above 35: high)
Forward P/E 36.20 (above 35: high)
Price / sales 6.17
Forward P/S Powerpack
Price / FCF 38.66
Price / book 0.00
Financial health
Current ratio Q 2.12 (at or above 1.5: strong)
Debt / equity Q (1.57) (negative: negative equity)
Interest coverage Q 4.79
Growth
Revenue growth Q +5.35% (above 0%: growing)
Operating income growth Q +3.54% (above 0%: growing)
EPS, this year +1.98%
EPS, next year A +20.91% (at or above 15%: strong)
Revenue, next year A +7.15%
EPS, past 5 yrs +51.43% (at or above 15%: strong)
EPS, next 5 yrs A +16.51% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.7×, against a ten-year median of 14.3×; over the ten years it ranged from 5.4× in 2026 to 26.2× in 2024.
P/E against its own 10 years 6.12%
10-year low 10-year high
P/S against its own 10 years 4.40%
10-year low 10-year high
EV/Sales against its own 10 years 4.47%
10-year low 10-year high
EV/FCF against its own 10 years 11.26%
10-year low 10-year high

Dividends raised every year since 2018

Yield
0.74%
Annual rate
1.23
Payout ratio
28.9%
Growth, 2018–26
+18.7%/yr
  1. 0.32 ’18
  2. 0.40 ’19 +25
  3. 0.50 ’20 +25
  4. 0.62 ’21 +24
  5. 0.72 ’22 +16
  6. 0.82 ’23 +14
  7. 0.98 ’24 +20
  8. 1.14 ’25 +16
  9. 1.26 ’26 +11
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 102 337 223 131
Receivables 12 20 21 33
Inventory — — — —
Other 25 33 16 20
144 396 267 195
2023 2024 2025 Q'26
Payables 5 7 13 19
ST’ Debt — — — —
Other 64 79 66 70
71 87 82 92

Compound Annual Growth %

10y 5y 3y
Sales 24.49% 22.87% 24.91%
Cash Flow 27.15% 18.49% 26.15%
Earnings 32.94% 49.54% 48.75%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.02 Actual 1.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.84 1.00 Beat by 0.16
Q1 FY26 1.02 1.18 Beat by 0.16
Q2 FY26 1.02 1.18 Beat by 0.16
Q3 FY26 1.02 1.08 Beat by 0.06
Q4 FY26 0.70 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.08 1.15 1.07 — —
’25 3.24 0.96 1.02 0.96 6.21
’24 0.98 0.93 0.88 0.92 3.70
’23 0.52 0.54 0.65 0.64 2.35
’22 0.29 0.44 0.45 0.59 1.77
’21 0.44 0.38 0.38 0.23 1.42
’20 0.27 0.39 0.34 (0.21) 0.78
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 184 186 185 — —
’25 171 174 176 176 697
’24 146 156 162 162 626
’23 109 107 117 127 460
’22 76 84 93 105 358
’21 71 74 66 72 283
’20 55 66 64 63 249
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 61 7 61 — —
’25 25 7 64 57 153
’24 45 36 69 8 158
’23 36 12 36 38 122
’22 20 9 24 23 76
’21 14 18 22 (5) 49
’20 12 13 21 19 66
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 44 (11) 50 — —
’25 35 (8) 62 34 123
’24 34 26 55 (5) 110
’23 31 0 24 26 81
’22 16 5 18 18 56
’21 11 12 21 (17) 28
’20 11 14 23 16 64
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 103 133 153 200 249 283 358 460 626 697 730 +23.6% 747 858 978 +12.0%
Gross margin, % 75.51 78.44 79.07 79.41 80.47 79.68 82.27 84.64 85.36 86.22 86.10 +10.7 pt
EBT 22 29 27 26 27 59 69 94 147 237 163 +30.3%
EBT margin, % 21.25 21.56 17.58 12.90 10.83 20.85 19.39 20.50 23.52 34.04 22.30 +12.8 pt
Net income 14 24 22 20 23 43 53 70 109 174 117 +32.6%
Per share, $
Per share, $ Revenue 3.61 4.59 5.24 6.79 8.41 9.49 11.96 15.45 21.39 24.91 26.91 +23.9%
Earnings 0.48 0.82 0.74 0.70 0.79 1.43 1.77 2.36 3.72 6.23 4.28 +33.0%
Cash flow 0.76 0.95 1.33 1.31 2.21 1.64 2.55 4.08 5.39 5.47 6.89 +24.5%
Capex (0.07) (0.09) (0.14) (0.76) (0.04) (0.70) (0.66) (1.36) (1.64) (1.08) (2.59) +35.1%
Free cash flow 0.69 0.86 1.19 0.55 2.17 0.94 1.89 2.72 3.75 4.40 4.30 +22.8%
Book value (2.61) (2.01) (7.69) (7.12) (11.53) (10.40) (13.08) (15.36) (23.09) (26.34) (28.48) +29.3%
Shares, m 29 29 29 29 30 30 30 30 29 28 27 (0.3%)
Valuation, ×
Valuation, × P/E 61.31 45.78 87.93 123.19 169.94 120.84 74.97 106.94 76.40 38.47 38.79 90.6
P/S 8.20 8.55 12.25 12.70 15.77 18.21 11.16 16.33 13.29 9.57 6.17 12.6
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 9.62 9.52 14.17 14.17 17.48 19.70 12.60 17.66 14.68 10.99 7.66 14.1
EV/FCF 50.15 50.96 62.41 175.79 67.65 198.26 79.94 100.22 83.78 62.31 47.96 93.1
Cash, $m
Cash, $m Operating cash flow 22 27 39 39 66 49 76 122 158 153 187 +24.1%
Capex (2) (3) (4) (22) (1) (21) (20) (41) (48) (30) (70) +34.7%
Free cash flow 20 25 35 16 64 28 56 81 110 123 117 +22.5%
Balance, $m
Balance, $m Working capital (6) (3) 3 (3) 22 30 164 73 308 186 103 n/m
Net debt 147 129 295 293 425 420 516 611 869 987 1,081 +23.6%
Shareholders’ equity (75) (58) (225) (209) (341) (310) (391) (457) (676) (737) (773) +29.0%
Returns, %
Returns, % ROA 11.85 20.67 16.73 13.39 12.34 18.52 15.73 17.50 19.87 24.72 16.63 +12.9 pt
ROIC 22.99 29.88 34.40 32.00 42.93 41.80 45.79 45.90 53.40 44.86 41.10 +21.9 pt
ROE (32.67) (35.99) (15.34) (9.43) (8.46) (13.11) (15.12) (16.55) (19.19) (24.68) (15.87) +8.0 pt
People
People Employees 479 530 661 784 819 890 1,031 1,225 1,335 1,367 — +12.4%
Revenue/emp, $m 0.22 0.25 0.23 0.25 0.30 0.32 0.35 0.38 0.47 0.51 — +10.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Wingstop Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DPZ Domino's Pizza Inc $11.2B 18.8× 16.4× +3.36% (above 0%: growing) +12.75% (above 0%: growing) −3.26% (below 0%: shrinking) 40.18% 20.39% Compare
EAT Brinker International, Inc. $8.8B 18.2× 15.7× +9.37% (above 0%: growing) +20.68% (above 0%: growing) +69.39% (above 0%: growing) 18.46% 10.23% Compare
CAVA CAVA Group, Inc. $7.0B 107× 108× +21.97% (above 0%: growing) −15.38% (below 0%: shrinking) −661.08% (below 0%: shrinking) 44.12% 4.21% Compare
JMKE Jersey Mike�s Subs Inc. $6.4B — — — — — 100.00% 22.97% Compare
BROS Dutch Bros Inc. $6.0B 44.8× 51.6× +29.81% (above 0%: growing) +42.86% (above 0%: growing) +429.07% (above 0%: growing) 23.96% 9.61% Compare
CAKE The Cheesecake Factory Incorporated $5.5B 24.9× 24.0× +13.91% (above 0%: growing) +92.65% (above 0%: growing) +24.49% (above 0%: growing) 16.35% 7.25% Compare
WING Wingstop Inc. $4.5B 38.8× 36.2× +5.35% (above 0%: growing) +5.18% (above 0%: growing) −19.32% (below 0%: shrinking) 85.30% 27.38%
SHAK Shake Shack, Inc. $3.0B 64.4× 63.9× +15.20% (above 0%: growing) +32.26% (above 0%: growing) −44.96% (below 0%: shrinking) 0.00% 5.08% Compare
CHA Chagee Holdings Limited - Sponsored ADR $1.5B 12.1× 9.1× +8.20% (above 0%: growing) +620.00% (above 0%: growing) +49.31% (above 0%: growing) 53.99% 15.37% Compare
Median of peers $6.2B 24.9× 24.0× +13.91% +32.26% +24.49% 32.07% 9.92%

All 55 Restaurants stocks →

Pay and ownership Proxy statement filed 2 April 2026

Ownership

Directors and executive officers, together less than 1%
BlackRock, Inc. 9.96%
T. Rowe Price Associates, Inc. 7.83%
Lone Pine Capital LLC Two Greenwich Plaza, Suite 5.43%
Massachusetts Financial Services Company 5.12%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Wingstop Inc. (WING) Latest News

3 Nov

Impact 3 · · StockStory

2 Nov

Impact 3 · · The Motley Fool

30 Oct

Impact 3 · · Simply Wall St.

29 Oct

Impact 4 · · TheStreet
Impact 4 · · Simply Wall St.
Impact 4 · · restaurantdive.com
Impact 4 · · The Motley Fool
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · StockStory
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Impact 4 · · TIKR earnings
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · InvestorsHub
Impact 4 · · nrn.com
Impact 4 · · PR Newswire
Impact 3 · · Associated Press
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

27 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

23 Oct

Impact 4 · · Investing.com

22 Oct

Impact 3 · · Zacks

21 Oct

Impact 3 · · StockStory
Impact 3 · · Zacks

20 Oct

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

19 Oct

Impact 3 · · nrn.com

WING metrics, ten years each

stockrow.com/WING · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com