Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 6.44%, EPS grew 19.8%, free cash flow fell 45.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten.
131.88
0.85
+0.65%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 20.73 | 24.74 | 38.53 | 60.13 | 44.27 | 112.49 | 67.67 | 129.46 | 241.78 | 204.00 |
Analyst estimates 2026–2028 Powerpack |
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| High | 33.42 | 43.25 | 75.58 | 107.43 | 170.00 | 187.35 | 174.79 | 261.97 | 433.86 | 388.14 | |||||
| People | |||||||||||||||
| People | Employees | 479 | 530 | 661 | 784 | 819 | 890 | 1,031 | 1,225 | 1,335 | 1,367 | ||||
| Revenue/emp, $m | 0.22 | 0.25 | 0.23 | 0.25 | 0.30 | 0.32 | 0.35 | 0.38 | 0.47 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 103 | 133 | 153 | 200 | 249 | 283 | 358 | 460 | 626 | 697 | ||||
| Gross margin, % | 75.51 | 78.44 | 79.07 | 79.41 | 80.47 | 79.68 | 82.27 | 84.64 | 85.36 | 86.22 | |||||
| EBT | 22 | 29 | 27 | 26 | 27 | 59 | 69 | 94 | 147 | 237 | |||||
| EBT margin, % | 21.25 | 21.56 | 17.58 | 12.90 | 10.83 | 20.85 | 19.39 | 20.50 | 23.52 | 34.04 | |||||
| Net income | 14 | 24 | 22 | 20 | 23 | 43 | 53 | 70 | 109 | 174 | |||||
| Depreciation | 3 | 4 | 5 | 7 | 9 | 9 | 13 | 15 | 22 | 28 | |||||
| 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 | ||||
| Earnings | 0.54 | 0.94 | 0.74 | 0.70 | 0.79 | 1.43 | 1.77 | 2.36 | 3.72 | 6.23 | |||||
| Cash flow | 0.76 | 0.95 | 1.33 | 1.31 | 2.21 | 1.64 | 2.55 | 4.08 | 5.39 | 5.47 | |||||
| Capex | (0.07) | (0.09) | (0.14) | (0.76) | (0.04) | (0.70) | (0.66) | (1.36) | (1.64) | (1.08) | |||||
| Free cash flow | 0.69 | 0.86 | 1.19 | 0.55 | 2.17 | 0.94 | 1.89 | 2.72 | 3.75 | 4.40 | |||||
| Book value | (2.61) | (2.01) | (7.69) | (7.12) | (11.53) | (10.40) | (13.08) | (15.36) | (23.09) | (26.34) | |||||
| Shares, m | 29 | 29 | 29 | 29 | 30 | 30 | 30 | 30 | 29 | 28 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 61.31 | 45.78 | 87.93 | 123.19 | 169.94 | 120.84 | 74.97 | 106.94 | 76.40 | 38.47 | ||||
| P/S | 8.20 | 8.55 | 12.25 | 12.70 | 15.77 | 18.21 | 11.16 | 16.33 | 13.29 | 9.57 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | 9.62 | 9.52 | 14.17 | 14.17 | 17.48 | 19.70 | 12.60 | 17.66 | 14.68 | 10.99 | |||||
| EV/FCF | 50.15 | 50.96 | 62.41 | 175.79 | 67.65 | 198.26 | 79.94 | 100.22 | 83.78 | 62.31 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 22 | 27 | 39 | 39 | 66 | 49 | 76 | 122 | 158 | 153 | ||||
| Capex | (2) | (3) | (4) | (22) | (1) | (21) | (20) | (41) | (48) | (30) | |||||
| Free cash flow | 20 | 25 | 35 | 16 | 64 | 28 | 56 | 81 | 110 | 123 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (6) | (3) | 3 | (3) | 22 | 30 | 164 | 73 | 308 | 186 | ||||
| Total debt | 151 | 133 | 312 | 311 | 471 | 472 | 714 | 712 | 1,206 | 1,209 | |||||
| Net debt | 147 | 129 | 295 | 293 | 425 | 420 | 516 | 611 | 869 | 987 | |||||
| Shareholders’ equity | (75) | (58) | (225) | (209) | (341) | (310) | (391) | (457) | (676) | (737) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 11.85 | 20.67 | 16.73 | 13.39 | 12.34 | 18.52 | 15.73 | 17.50 | 19.87 | 24.72 | ||||
| ROIC | 22.99 | 29.88 | 34.40 | 32.00 | 42.93 | 41.80 | 45.79 | 45.90 | 53.40 | 44.86 | |||||
| ROE | (32.67) | (35.99) | (15.34) | (9.43) | (8.46) | (13.11) | (15.12) | (16.55) | (19.19) | (24.68) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| EAT Brinker International, Inc. | $8.6B | 18.2× | 11.3× | +5.06% (above 0%: growing) | +27.80% (above 0%: growing) | +48.74% (above 0%: growing) | 18.75% | 10.87% | Compare |
| BROS Dutch Bros Inc. | $7.2B | 57.0× | 65.2× | +32.48% (above 0%: growing) | +40.00% (above 0%: growing) | +11.97% (above 0%: growing) | 27.42% | 12.78% | Compare |
| CAVA CAVA Group, Inc. | $6.5B | 101× | 131× | +31.30% (above 0%: growing) | +25.00% (above 0%: growing) | +52.60% (above 0%: growing) | 44.93% | 7.29% | Compare |
| CAKE The Cheesecake Factory Incorporated | $5.8B | 30.0× | 16.3× | +7.72% (above 0%: growing) | +24.58% (above 0%: growing) | +220.39% (above 0%: growing) | 17.64% | 7.63% | Compare |
| WING Wingstop Inc. | $3.6B | 31.2× | 31.6× | +6.44% (above 0%: growing) | +19.79% (above 0%: growing) | −45.18% (below 0%: shrinking) | 86.49% | 29.44% | |
| SHAK Shake Shack, Inc. | $3.0B | 71.2× | 45.8× | +17.16% (above 0%: growing) | −9.30% (below 0%: shrinking) | −102.73% (below 0%: shrinking) | 25.58% | 4.97% | Compare |
| ARCO Arcos Dorados Holdings Inc. | $1.7B | 6.5× | 10.7× | +14.30% (above 0%: growing) | +100.00% (above 0%: growing) | +254.29% (above 0%: growing) | 11.81% | 5.56% | Compare |
| CHA Chagee Holdings Limited - Sponsored ADR | $1.6B | 12.2× | 8.9× | +8.20% (above 0%: growing) | +620.00% (above 0%: growing) | +49.31% (above 0%: growing) | 53.99% | 15.37% | Compare |
| CBRL Cracker Barrel Old Country Store, Inc. | $1.5B | 48.2× | 84.6× | −2.15% (below 0%: shrinking) | +83.33% (above 0%: growing) | +191.55% (above 0%: growing) | 71.25% | 1.55% | Compare |
| Median of peers | $4.4B | 39.1× | 31.0× | +11.25% | +33.90% | +50.96% | 26.50% | 7.46% |
Wingstop Inc. (WING) key facts
- Strength: Wingstop Inc.’s revenue for fiscal 2025 (year ended December 2025) was $696.9 million, up 11.4% from fiscal 2024.
- Wingstop Inc. (WING) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 16, 2026, WING traded at $131.88, a market capitalization of $3.6 billion.
- Wingstop Inc. pays an annual dividend of $1.23 per share, a yield of 0.93%, with a payout ratio of 29.2%.
- Return on equity was −24.7% and debt-to-equity -1.57.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.47 (safe zone) for fiscal 2025.
Wingstop Inc. (WING) Latest News
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