NASDAQ : WING
Wingstop Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 145.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Wingstop Inc. (WING) reported revenue of 730.11M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 730.11M | 696.85M | 625.81M | 460.06M | 357.52M | 282.50M |
| Cost of Revenue | 369.62M | 357.60M | 324.94M | 237.23M | 186.46M | 141.41M |
| Gross Profit | 360.49M | 339.25M | 300.87M | 222.83M | 171.06M | 141.10M |
| Selling, General & Admin | 126.49M | 122.02M | 114.77M | 96.90M | 67.06M | 62.90M |
| Operating Expenses | 155.93M | 147.09M | 134.26M | 110.14M | 77.96M | 70.84M |
| Operating Income | 204.56M | 192.16M | 166.61M | 112.69M | 93.10M | 70.26M |
| Interest Expense | -39.39M | -35.78M | -21.29M | -18.23M | -21.23M | -14.98M |
| Interest & Investment Income | 93.68M | 2.87M | ||||
| Other Non Operating Income (Expenses) | -573.00K | 135.00K | ||||
| EBT Excluding Unusual Items | 165.17M | 250.06M | 148.18M | 94.46M | 71.29M | 55.41M |
| Gain (Loss) on Sale of Investments | -333.00K | -57.00K | ||||
| Gain (Loss) on Sale of Assets | -6.54M | 1.04M | -95.00K | -1.16M | 3.50M | |
| Other Unusual Items | -1.99M | -6.34M | -2.03M | -814.00K | ||
| Pretax Income | 162.85M | 237.19M | 147.19M | 94.31M | 69.32M | 58.91M |
| Income Tax Expense | 45.81M | 62.92M | 38.47M | 24.14M | 16.37M | 16.25M |
| Net Income | 117.04M | 174.27M | 108.72M | 70.17M | 52.95M | 42.66M |
| Net Income to Common | 117.04M | 174.27M | 108.72M | 70.17M | 52.95M | 42.66M |
| Shares Outstanding (Basic) | 27.39M | 27.97M | 29.26M | 29.77M | 29.89M | 29.77M |
| Shares Outstanding (Diluted) | 27.45M | 28.07M | 29.38M | 29.86M | 29.96M | 29.94M |
| EPS (Basic) | 4.27 | 6.23 | 3.72 | 2.36 | 1.77 | 1.43 |
| EPS (Diluted) | 4.26 | 6.21 | 3.70 | 2.35 | 1.77 | 1.42 |
| Free Cash Flow | 116.58M | 105.62M | 105.68M | 80.77M | 52.30M | 20.86M |
| Free Cash Flow Per Share | 4.25 | 3.76 | 3.60 | 2.71 | 1.75 | 0.70 |
| Dividend Per Share | 1.23 | 1.14 | 0.98 | 0.82 | 0.72 | 0.62 |
| Gross Margin | 49.38% | 48.68% | 48.08% | 48.44% | 47.84% | 49.95% |
| Operating Margin | 28.02% | 27.58% | 26.62% | 24.50% | 26.04% | 24.87% |
| Profit Margin | 16.03% | 25.01% | 17.37% | 15.25% | 14.81% | 15.10% |
| Free Cash Flow Margin | 15.97% | 15.16% | 16.89% | 17.56% | 14.63% | 7.38% |
| EBITDA | 234.00M | 217.23M | 186.10M | 125.93M | 104.00M | 78.20M |
| EBITDA Margin | 32.05% | 31.17% | 29.74% | 27.37% | 29.09% | 27.68% |
| D&A For EBITDA | 29.45M | 25.07M | 19.49M | 13.24M | 10.90M | 7.94M |
| EBIT | 204.56M | 192.16M | 166.61M | 112.69M | 93.10M | 70.26M |
| EBIT Margin | 28.02% | 27.58% | 26.62% | 24.50% | 26.04% | 24.87% |
| Effective Tax Rate | 28.13% | 26.53% | 26.14% | 25.59% | 23.61% | 27.58% |
| Revenue as Reported | 730.11M | 696.85M | 625.81M | 460.06M | 357.52M | 282.50M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 104.79M | 196.57M | 315.91M | 90.22M | 184.50M | 48.58M |
| Cash & Short-Term Investments | 104.79M | 196.57M | 315.91M | 90.22M | 184.50M | 48.58M |
| Accounts Receivable | 32.73M | 17.81M | 16.22M | 11.03M | 7.42M | 5.08M |
| Other Receivables | 3.01M | 3.44M | 1.38M | 2.04M | 3.03M | |
| Receivables | 32.73M | 20.82M | 19.66M | 12.41M | 9.46M | 8.11M |
| Inventory | 389.00K | 484.00K | ||||
| Prepaid Expenses | 11.75M | 7.96M | 6.52M | 4.95M | 2.73M | 2.53M |
| Restricted Cash | 36.45M | 31.88M | 43.66M | 29.46M | 21.22M | 6.32M |
| Other Current Assets | 9.75M | 10.26M | 9.86M | 7.31M | 8.37M | 4.12M |
| Total Current Assets | 195.46M | 267.49M | 395.62M | 144.34M | 226.67M | 70.15M |
| Property, Plant & Equipment | 212.36M | 179.22M | 175.00M | 110.38M | 82.46M | 69.53M |
| Long-Term Investments | 93.61M | 87.16M | 8.51M | |||
| Goodwill | 102.65M | 83.88M | 74.72M | 67.71M | 62.51M | 56.88M |
| Other Intangible Assets | 32.70M | 56.87M | 52.06M | 48.68M | 46.11M | 46.24M |
| Other Long-Term Assets | 49.82M | 18.79M | 10.34M | 6.71M | 6.43M | 6.40M |
| Total Assets | 686.61M | 693.41M | 716.25M | 377.82M | 424.19M | 249.20M |
| Accounts Payable | 18.50M | 12.85M | 6.94M | 4.72M | 5.22M | 5.41M |
| Accrued Expenses | 20.20M | 58.96M | 73.48M | 59.05M | 35.17M | 25.01M |
| Current Portion of Long-Term Debt | 7.30M | |||||
| Current Portion of Leases | 3.62M | 3.23M | 1.06M | 2.38M | 2.28M | 2.44M |
| Current Income Taxes Payable | 6.40M | 1.81M | ||||
| Current Unearned Revenue | 6.93M | 5.96M | 4.85M | 6.04M | 5.01M | |
| Total Current Liabilities | 92.20M | 81.97M | 87.44M | 71.00M | 62.41M | 39.68M |
| Long-Term Debt | 1.21B | 1.21B | 1.21B | 712.33M | 706.85M | 469.39M |
| Long-Term Leases | 60.70M | 58.08M | 58.17M | 17.81M | 14.34M | 13.79M |
| Long-Term Unearned Revenue | 52.53M | 47.72M | 38.88M | 30.14M | 27.05M | 28.02M |
| Long-Term Deferred Tax Liabilities | 42.13M | 33.14M | 1.08M | 3.72M | 4.18M | 7.43M |
| Other Long-Term Liabilities | 243.00K | 169.00K | 57.00K | 187.00K | 219.00K | 411.00K |
| Total Liabilities | 1.46B | 1.43B | 1.39B | 835.19M | 815.05M | 558.73M |
| Common Stock | 271.00K | 275.00K | 287.00K | 293.00K | 300.00K | 299.00K |
| Additional Paid-In Capital | 2.11M | 1.53M | 1.57M | 2.68M | 2.80M | 463.00K |
| Retained Earnings | -779.76M | -744.91M | -676.94M | -459.99M | -393.32M | -310.03M |
| Comprehensive Income & Other | 4.83M | 6.35M | -501.00K | -341.00K | -637.00K | -256.00K |
| Shareholders' Equity | -772.55M | -736.76M | -675.59M | -457.37M | -390.86M | -309.52M |
| Total Liabilities & Equity | 686.61M | 693.41M | 716.25M | 377.82M | 424.19M | 249.20M |
| Total Debt | 1.28B | 1.27B | 1.27B | 732.51M | 730.77M | 485.62M |
| Net Cash (Debt) | -1.17B | -1.07B | -949.52M | -642.30M | -546.27M | -437.04M |
| Net Cash Per Share | -42.66 | -38.25 | -32.31 | -21.51 | -18.23 | -14.60 |
| Filing Date Shares Outstanding | 27.05M | 27.48M | 28.66M | 29.34M | 29.93M | 29.84M |
| Total Common Shares Outstanding | 27.05M | 27.48M | 28.66M | 29.34M | 29.93M | 29.84M |
| Working Capital | 103.26M | 185.52M | 308.18M | 73.34M | 164.26M | 30.47M |
| Book Value Per Share | -28.56 | -26.81 | -23.57 | -15.59 | -13.06 | -10.37 |
| Tangible Book Value | -907.90M | -877.51M | -802.37M | -573.75M | -499.48M | -412.64M |
| Tangible Book Value Per Share | -33.56 | -31.93 | -27.99 | -19.56 | -16.69 | -13.83 |
| Land | 2.83M | 2.83M | 2.83M | 2.83M | ||
| Buildings | 15.77M | 15.77M | 15.77M | 15.77M | ||
| Machinery | 27.04M | 21.90M | 41.27M | 33.41M | 27.67M | |
| Construction In Progress | 37.44M | 15.09M | 46.67M | 23.01M | 12.99M | |
| Leasehold Improvements | 35.01M | 37.56M | 26.60M | 23.30M | 18.05M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 117.04M | 174.27M | 108.72M | 70.17M | 52.95M | 42.66M |
| Depreciation & Amortization | 29.45M | 25.07M | 19.49M | 13.24M | 10.90M | 7.94M |
| Other Amortization | 3.23M | 3.13M | 2.15M | 2.04M | 1.94M | 1.40M |
| Loss (Gain) From Sale of Assets | 32.00K | 6.54M | -1.04M | 95.00K | 1.16M | -3.50M |
| Loss (Gain) From Sale of Investments | -92.48M | |||||
| Stock-Based Compensation | 20.07M | 24.88M | 22.06M | 15.56M | 4.20M | 9.63M |
| Other Operating Activities | 4.83M | 27.10M | -1.81M | -1.55M | -2.44M | 2.95M |
| Change in Accounts Receivable | -13.31M | -1.16M | -7.25M | -2.95M | -2.47M | -2.13M |
| Change in Accounts Payable | 20.60M | 3.36M | 2.93M | 10.63M | 5.10M | -268.00K |
| Change in Unearned Revenue | 6.67M | 9.94M | 9.25M | 3.59M | -712.00K | 3.39M |
| Change in Other Net Operating Assets | -1.67M | -27.56M | 3.12M | 10.76M | 5.61M | -13.19M |
| Operating Cash Flow | 186.95M | 153.06M | 157.61M | 121.60M | 76.24M | 48.88M |
| Capital Expenditures | -70.37M | -47.44M | -51.93M | -40.83M | -23.94M | -28.02M |
| Sale of Property, Plant & Equipment | 17.33M | 4.00M | 320.00K | 4.06M | 7.21M | |
| Cash Acquisitions | -41.31M | -18.53M | -14.05M | -10.83M | -7.81M | -4.88M |
| Investment in Securities | 31.19M | -500.00K | -808.00K | -997.00K | -4.16M | |
| Investing Cash Flow | -111.68M | -17.46M | -62.48M | -52.15M | -28.68M | -29.85M |
| Long-Term Debt Issued | 500.00M | 250.00M | ||||
| Long-Term Debt Repaid | -3.65M | -3.02M | -2.40M | |||
| Net Debt Issued (Repaid) | 500.00M | -3.65M | 246.97M | -2.40M | ||
| Issuance of Common Stock | 880.00K | 1.37M | 1.56M | 951.00K | 3.31M | 748.00K |
| Repurchase of Common Stock | -173.57M | -235.72M | -319.09M | -127.88M | -315.00K | -1.92M |
| Common Dividends Paid | -33.96M | -32.38M | -28.87M | -24.91M | -21.78M | -19.82M |
| Other Financing Activities | -8.83M | -5.44M | ||||
| Financing Cash Flow | -206.65M | -266.73M | 144.76M | -155.49M | 103.25M | -23.39M |
| Net Cash Flow | -131.38M | -131.12M | 239.90M | -86.04M | 150.81M | -4.36M |
| Free Cash Flow | 116.58M | 105.62M | 105.68M | 80.77M | 52.30M | 20.86M |
| Free Cash Flow Margin | 15.97% | 15.16% | 16.89% | 17.56% | 14.63% | 7.38% |
| Free Cash Flow Per Share | 4.25 | 3.76 | 3.60 | 2.71 | 1.75 | 0.70 |
| Levered Free Cash Flow | 90.06M | 104.51M | 74.77M | 52.89M | 33.00M | 28.45M |
| Unlevered Free Cash Flow | 111.45M | 123.75M | 85.93M | 62.24M | 44.33M | 36.41M |
| Cash Interest Paid | 52.15M | 52.15M | 22.70M | 22.74M | 20.48M | 15.04M |
| Cash Income Tax Paid | 27.40M | 27.40M | 38.84M | 27.92M | 13.58M | 10.42M |
| Change in Working Capital | 12.30M | -15.42M | 8.04M | 22.04M | 7.53M | -12.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.51B | 7.12B | 8.34B | 7.55B | 4.12B | 5.16B |
| Enterprise Value | 5.68B | 8.15B | 9.03B | 8.20B | 4.67B | 5.59B |
| Last Close Price | 149.73 | 254.48 | 282.23 | 253.08 | 135.15 | 163.10 |
| PE Ratio | 39.11 | 40.85 | 76.68 | 107.55 | 77.76 | 120.94 |
| Forward PE | 36.33 | 57.78 | 67.61 | 95.56 | 73.53 | 102.93 |
| PS Ratio | 6.26 | 10.22 | 13.32 | 16.41 | 11.52 | 18.26 |
| PB Ratio | -9.66 | -12.34 | -16.50 | -10.53 | -16.67 | |
| P/FCF Ratio | 39.19 | 67.40 | 78.88 | 93.44 | 78.72 | 247.35 |
| P/OCF Ratio | 24.44 | 46.51 | 52.89 | 62.07 | 54.00 | 105.55 |
| PEG Ratio | 1.82 | 3.78 | 2.73 | 4.51 | 4.13 | 4.94 |
| EV/Sales Ratio | 7.86 | 11.70 | 14.43 | 17.82 | 13.07 | 19.79 |
| EV/EBITDA Ratio | 24.53 | 37.52 | 48.52 | 65.09 | 44.95 | 71.49 |
| EV/EBIT Ratio | 28.06 | 42.42 | 54.20 | 72.74 | 50.21 | 79.57 |
| EV/FCF Ratio | 49.24 | 77.17 | 85.45 | 101.49 | 89.38 | 268.04 |
| Debt / Equity Ratio | -1.65 | -1.72 | -1.87 | -1.60 | -1.87 | -1.57 |
| Debt / EBITDA Ratio | 5.24 | 5.62 | 6.53 | 5.63 | 6.79 | 5.99 |
| Debt / FCF Ratio | 10.94 | 12.03 | 11.97 | 9.07 | 13.97 | 23.28 |
| Net Debt / Equity Ratio | -1.52 | -1.46 | -1.41 | -1.40 | -1.40 | -1.41 |
| Net Debt / EBITDA Ratio | 5.00 | 4.94 | 5.10 | 5.10 | 5.25 | 5.59 |
| Net Debt / FCF Ratio | 10.04 | 10.17 | 8.98 | 7.95 | 10.45 | 20.95 |
| Asset Turnover | 1.04 | 0.99 | 1.14 | 1.15 | 1.06 | 1.23 |
| Inventory Turnover | 427.18 | 321.38 | ||||
| Quick Ratio | 1.49 | 2.65 | 3.84 | 1.45 | 3.11 | 1.43 |
| Current Ratio | 2.12 | 3.26 | 4.52 | 2.03 | 3.63 | 1.77 |
| Return on Assets (ROA) | 18.16% | 17.04% | 19.04% | 17.56% | 17.28% | 19.06% |
| Return on Invested Capital (ROIC) | 24.87% | 22.77% | 26.30% | 25.08% | 24.89% | 27.46% |
| Return on Capital Employed (ROCE) | 34.40% | 31.40% | 26.50% | 36.70% | 25.70% | 33.50% |
| Earnings Yield | 2.56% | 2.45% | 1.30% | 0.93% | 1.29% | 0.83% |
| FCF Yield | 2.55% | 1.48% | 1.27% | 1.07% | 1.27% | 0.40% |
| Dividend Yield | 0.79% | 0.44% | 0.34% | 0.32% | 0.52% | 0.36% |
| Payout Ratio | 30.98% | 18.58% | 26.55% | 35.49% | 41.13% | 46.47% |
| Buyback Yield / Dilution | 3.46% | 4.46% | 1.58% | 0.36% | -0.06% | -0.47% |
| Total Shareholder Return | 4.25% | 4.90% | 1.92% | 0.68% | 0.46% | -0.11% |