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

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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.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue730.11M696.85M625.81M460.06M357.52M282.50M
Cost of Revenue369.62M357.60M324.94M237.23M186.46M141.41M
Gross Profit360.49M339.25M300.87M222.83M171.06M141.10M
Selling, General & Admin126.49M122.02M114.77M96.90M67.06M62.90M
Operating Expenses155.93M147.09M134.26M110.14M77.96M70.84M
Operating Income204.56M192.16M166.61M112.69M93.10M70.26M
Interest Expense-39.39M-35.78M-21.29M-18.23M-21.23M-14.98M
Interest & Investment Income93.68M2.87M
Other Non Operating Income (Expenses)-573.00K135.00K
EBT Excluding Unusual Items165.17M250.06M148.18M94.46M71.29M55.41M
Gain (Loss) on Sale of Investments-333.00K-57.00K
Gain (Loss) on Sale of Assets-6.54M1.04M-95.00K-1.16M3.50M
Other Unusual Items-1.99M-6.34M-2.03M-814.00K
Pretax Income162.85M237.19M147.19M94.31M69.32M58.91M
Income Tax Expense45.81M62.92M38.47M24.14M16.37M16.25M
Net Income117.04M174.27M108.72M70.17M52.95M42.66M
Net Income to Common117.04M174.27M108.72M70.17M52.95M42.66M
Shares Outstanding (Basic)27.39M27.97M29.26M29.77M29.89M29.77M
Shares Outstanding (Diluted)27.45M28.07M29.38M29.86M29.96M29.94M
EPS (Basic)4.276.233.722.361.771.43
EPS (Diluted)4.266.213.702.351.771.42
Free Cash Flow116.58M105.62M105.68M80.77M52.30M20.86M
Free Cash Flow Per Share4.253.763.602.711.750.70
Dividend Per Share1.231.140.980.820.720.62
Gross Margin49.38%48.68%48.08%48.44%47.84%49.95%
Operating Margin28.02%27.58%26.62%24.50%26.04%24.87%
Profit Margin16.03%25.01%17.37%15.25%14.81%15.10%
Free Cash Flow Margin15.97%15.16%16.89%17.56%14.63%7.38%
EBITDA234.00M217.23M186.10M125.93M104.00M78.20M
EBITDA Margin32.05%31.17%29.74%27.37%29.09%27.68%
D&A For EBITDA29.45M25.07M19.49M13.24M10.90M7.94M
EBIT204.56M192.16M166.61M112.69M93.10M70.26M
EBIT Margin28.02%27.58%26.62%24.50%26.04%24.87%
Effective Tax Rate28.13%26.53%26.14%25.59%23.61%27.58%
Revenue as Reported730.11M696.85M625.81M460.06M357.52M282.50M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents104.79M196.57M315.91M90.22M184.50M48.58M
Cash & Short-Term Investments104.79M196.57M315.91M90.22M184.50M48.58M
Accounts Receivable32.73M17.81M16.22M11.03M7.42M5.08M
Other Receivables3.01M3.44M1.38M2.04M3.03M
Receivables32.73M20.82M19.66M12.41M9.46M8.11M
Inventory389.00K484.00K
Prepaid Expenses11.75M7.96M6.52M4.95M2.73M2.53M
Restricted Cash36.45M31.88M43.66M29.46M21.22M6.32M
Other Current Assets9.75M10.26M9.86M7.31M8.37M4.12M
Total Current Assets195.46M267.49M395.62M144.34M226.67M70.15M
Property, Plant & Equipment212.36M179.22M175.00M110.38M82.46M69.53M
Long-Term Investments93.61M87.16M8.51M
Goodwill102.65M83.88M74.72M67.71M62.51M56.88M
Other Intangible Assets32.70M56.87M52.06M48.68M46.11M46.24M
Other Long-Term Assets49.82M18.79M10.34M6.71M6.43M6.40M
Total Assets686.61M693.41M716.25M377.82M424.19M249.20M
Accounts Payable18.50M12.85M6.94M4.72M5.22M5.41M
Accrued Expenses20.20M58.96M73.48M59.05M35.17M25.01M
Current Portion of Long-Term Debt7.30M
Current Portion of Leases3.62M3.23M1.06M2.38M2.28M2.44M
Current Income Taxes Payable6.40M1.81M
Current Unearned Revenue6.93M5.96M4.85M6.04M5.01M
Total Current Liabilities92.20M81.97M87.44M71.00M62.41M39.68M
Long-Term Debt1.21B1.21B1.21B712.33M706.85M469.39M
Long-Term Leases60.70M58.08M58.17M17.81M14.34M13.79M
Long-Term Unearned Revenue52.53M47.72M38.88M30.14M27.05M28.02M
Long-Term Deferred Tax Liabilities42.13M33.14M1.08M3.72M4.18M7.43M
Other Long-Term Liabilities243.00K169.00K57.00K187.00K219.00K411.00K
Total Liabilities1.46B1.43B1.39B835.19M815.05M558.73M
Common Stock271.00K275.00K287.00K293.00K300.00K299.00K
Additional Paid-In Capital2.11M1.53M1.57M2.68M2.80M463.00K
Retained Earnings-779.76M-744.91M-676.94M-459.99M-393.32M-310.03M
Comprehensive Income & Other4.83M6.35M-501.00K-341.00K-637.00K-256.00K
Shareholders' Equity-772.55M-736.76M-675.59M-457.37M-390.86M-309.52M
Total Liabilities & Equity686.61M693.41M716.25M377.82M424.19M249.20M
Total Debt1.28B1.27B1.27B732.51M730.77M485.62M
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 Outstanding27.05M27.48M28.66M29.34M29.93M29.84M
Total Common Shares Outstanding27.05M27.48M28.66M29.34M29.93M29.84M
Working Capital103.26M185.52M308.18M73.34M164.26M30.47M
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
Land2.83M2.83M2.83M2.83M
Buildings15.77M15.77M15.77M15.77M
Machinery27.04M21.90M41.27M33.41M27.67M
Construction In Progress37.44M15.09M46.67M23.01M12.99M
Leasehold Improvements35.01M37.56M26.60M23.30M18.05M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income117.04M174.27M108.72M70.17M52.95M42.66M
Depreciation & Amortization29.45M25.07M19.49M13.24M10.90M7.94M
Other Amortization3.23M3.13M2.15M2.04M1.94M1.40M
Loss (Gain) From Sale of Assets32.00K6.54M-1.04M95.00K1.16M-3.50M
Loss (Gain) From Sale of Investments-92.48M
Stock-Based Compensation20.07M24.88M22.06M15.56M4.20M9.63M
Other Operating Activities4.83M27.10M-1.81M-1.55M-2.44M2.95M
Change in Accounts Receivable-13.31M-1.16M-7.25M-2.95M-2.47M-2.13M
Change in Accounts Payable20.60M3.36M2.93M10.63M5.10M-268.00K
Change in Unearned Revenue6.67M9.94M9.25M3.59M-712.00K3.39M
Change in Other Net Operating Assets-1.67M-27.56M3.12M10.76M5.61M-13.19M
Operating Cash Flow186.95M153.06M157.61M121.60M76.24M48.88M
Capital Expenditures-70.37M-47.44M-51.93M-40.83M-23.94M-28.02M
Sale of Property, Plant & Equipment17.33M4.00M320.00K4.06M7.21M
Cash Acquisitions-41.31M-18.53M-14.05M-10.83M-7.81M-4.88M
Investment in Securities31.19M-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 Issued500.00M250.00M
Long-Term Debt Repaid-3.65M-3.02M-2.40M
Net Debt Issued (Repaid)500.00M-3.65M246.97M-2.40M
Issuance of Common Stock880.00K1.37M1.56M951.00K3.31M748.00K
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-266.73M144.76M-155.49M103.25M-23.39M
Net Cash Flow-131.38M-131.12M239.90M-86.04M150.81M-4.36M
Free Cash Flow116.58M105.62M105.68M80.77M52.30M20.86M
Free Cash Flow Margin15.97%15.16%16.89%17.56%14.63%7.38%
Free Cash Flow Per Share4.253.763.602.711.750.70
Levered Free Cash Flow90.06M104.51M74.77M52.89M33.00M28.45M
Unlevered Free Cash Flow111.45M123.75M85.93M62.24M44.33M36.41M
Cash Interest Paid52.15M52.15M22.70M22.74M20.48M15.04M
Cash Income Tax Paid27.40M27.40M38.84M27.92M13.58M10.42M
Change in Working Capital12.30M-15.42M8.04M22.04M7.53M-12.21M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization4.51B7.12B8.34B7.55B4.12B5.16B
Enterprise Value5.68B8.15B9.03B8.20B4.67B5.59B
Last Close Price149.73254.48282.23253.08135.15163.10
PE Ratio39.1140.8576.68107.5577.76120.94
Forward PE36.3357.7867.6195.5673.53102.93
PS Ratio6.2610.2213.3216.4111.5218.26
PB Ratio-9.66-12.34-16.50-10.53-16.67
P/FCF Ratio39.1967.4078.8893.4478.72247.35
P/OCF Ratio24.4446.5152.8962.0754.00105.55
PEG Ratio1.823.782.734.514.134.94
EV/Sales Ratio7.8611.7014.4317.8213.0719.79
EV/EBITDA Ratio24.5337.5248.5265.0944.9571.49
EV/EBIT Ratio28.0642.4254.2072.7450.2179.57
EV/FCF Ratio49.2477.1785.45101.4989.38268.04
Debt / Equity Ratio-1.65-1.72-1.87-1.60-1.87-1.57
Debt / EBITDA Ratio5.245.626.535.636.795.99
Debt / FCF Ratio10.9412.0311.979.0713.9723.28
Net Debt / Equity Ratio-1.52-1.46-1.41-1.40-1.40-1.41
Net Debt / EBITDA Ratio5.004.945.105.105.255.59
Net Debt / FCF Ratio10.0410.178.987.9510.4520.95
Asset Turnover1.040.991.141.151.061.23
Inventory Turnover427.18321.38
Quick Ratio1.492.653.841.453.111.43
Current Ratio2.123.264.522.033.631.77
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 Yield2.56%2.45%1.30%0.93%1.29%0.83%
FCF Yield2.55%1.48%1.27%1.07%1.27%0.40%
Dividend Yield0.79%0.44%0.34%0.32%0.52%0.36%
Payout Ratio30.98%18.58%26.55%35.49%41.13%46.47%
Buyback Yield / Dilution3.46%4.46%1.58%0.36%-0.06%-0.47%
Total Shareholder Return4.25%4.90%1.92%0.68%0.46%-0.11%