Wingstop Inc. (WING)
Wingstop Inc., together with its affiliated companies, manages and licenses a network of restaurants known by the Wingstop brand. These establishments are recognized for their made-to-order offerings, including classic bone-in wings, boneless wings, and tenders, all freshly cooked and expertly hand-tossed in a wide array of distinctive sauces. By December 25, 2021, Wingstop's extensive reach encompassed 1,695 independently operated franchise locations and 36 company-owned stores, spread throughout 44 U.S. states and seven countries globally. This enterprise, which was founded in 1994, has its corporate headquarters located in Addison, Texas.
Sector: Retail-Eating Places
Industry: Restaurants
Wingstop Inc.
NASDAQ:WINGConsumer Cyclical · Restaurants
-1.48%$163.28
CLOSED · Nov 6Prev close$165.73-1.48%Close$163.28-2.01%AH close$160.00
AH$160.00-2.01%vs close
Mkt Cap$4.42B
Float27.1M
O/S27.05M
VOL885K sh
$ Vol$144.45M
RVOL0.58×
Inst Own-
Div Yield0.75%
Dilution
Financials Summary
Revenue$696.85M
Net Income$174.27M
Total Assets$693.41M
Free Cash Flow$105.62M
Debt & Equity
Debt 238%
Total Debt$1.27B
Total Equity-$736.76M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in WING's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$693.41M
Liabilities$1.43B
Accounts Receivable$20.82M
Accounts Payable$12.85M
Inventory$0
PP&E (Net)$179.22M
Goodwill$83.88M
Intangible Assets$32.7M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $696.85M | $625.81M | $460.06M | $357.52M | $282.5M | $248.81M | $199.68M | $153.18M | $133.32M | $103.32M | $77.97M | $67.45M | $59M | $51.59M |
| YoY Growth | 11.4% | 36.0% | 28.7% | 26.6% | 13.5% | 24.6% | 30.4% | 14.9% | 29.0% | 32.5% | 15.6% | 14.3% | 14.4% | - |
| Cost of Revenue | $121.13M | $324.94M | $237.23M | $186.46M | $141.41M | $125.91M | $101.11M | $65.76M | $61.17M | $39.16M | $22.22M | $20.47M | $22.18M | $21.26M |
| Gross Profit | $575.73M | $300.87M | $222.83M | $171.06M | $141.1M | $122.9M | $98.56M | $87.42M | $72.15M | $64.17M | $55.75M | $46.98M | $36.82M | $30.33M |
| Gross Margin | 82.6% | 48.1% | 48.4% | 47.8% | 49.9% | 49.4% | 49.4% | 57.1% | 54.1% | 62.1% | 71.5% | 69.6% | 62.4% | 58.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $383.56M | $116.8M | $96.9M | $67.06M | $62.9M | $61.08M | $50.18M | $44.58M | $34.9M | $34.55M | $33.35M | $26.01M | $18.91M | $15.9M |
| Other | $0 | $18.45M | $13.33M | $12.06M | $4.45M | $4.42M | $5.48M | $4.31M | $3.38M | $3.01M | $2.68M | $2.9M | $3.03M | $5.43M |
| Total Operating Expenses | $383.56M | $135.25M | $110.23M | $79.12M | $67.34M | $65.51M | $55.66M | $48.89M | $38.27M | $37.56M | $36.03M | $28.91M | $21.94M | $21.33M |
| Operating Income (EBIT) | $192.16M | $165.62M | $112.59M | $91.93M | $73.76M | $57.39M | $42.9M | $38.53M | $33.87M | $26.61M | $19.72M | $18.07M | $14.88M | $9M |
| Operating Margin | 27.6% | 26.5% | 24.5% | 25.7% | 26.1% | 23.1% | 21.5% | 25.2% | 25.4% | 25.8% | 25.3% | 26.8% | 25.2% | 17.5% |
| Interest Expense | $35.78M | $21.29M | $18.23M | $21.23M | $14.98M | $16.78M | $17.14M | $10.12M | $5.13M | $4.4M | $3.48M | $3.68M | $2.86M | $2.43M |
| Interest Income | $1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $45.03M | -$18.43M | -$18.28M | -$22.62M | -$14.85M | -$30.45M | -$17.14M | -$11.6M | -$5.13M | -$4.65M | -$3.87M | -$3.77M | -$2.86M | -$4.92M |
| Income Before Tax (EBT) | $237.19M | $147.19M | $94.31M | $69.32M | $58.91M | $26.94M | $25.77M | $26.93M | $28.74M | $21.96M | $15.85M | $14.3M | $12.02M | $6.58M |
| Income Tax Expense | $62.92M | $38.47M | $24.14M | $16.37M | $16.25M | $3.64M | $5.29M | $5.21M | $4.8M | $8.19M | $5.74M | $5.31M | $4.49M | $3M |
| Net Income | $174.27M | $108.72M | $70.17M | $52.95M | $42.66M | $23.31M | $20.48M | $21.72M | $23.94M | $13.77M | $10.11M | $8.99M | $7.53M | $3.58M |
| Net Income Margin | 25.0% | 17.4% | 15.3% | 14.8% | 15.1% | 9.4% | 10.3% | 14.2% | 18.0% | 13.3% | 13.0% | 13.3% | 12.8% | 6.9% |
| Supplementary Data | ||||||||||||||
| EPS | 6.23 | 3.72 | 2.36 | 1.77 | 1.43 | 0.79 | 0.70 | 0.74 | 0.94 | 0.54 | 0.37 | 0.32 | 0.26 | 0.13 |
| Diluted EPS | 6.21 | 3.70 | 2.35 | 1.77 | 1.42 | 0.78 | 0.69 | 0.73 | 0.93 | 0.53 | 0.36 | 0.31 | 0.26 | 0.13 |
| Weighted Average OS | 27.97M | 29.26M | 29.77M | 29.89M | 29.77M | 29.60M | 29.41M | 29.23M | 29.02M | 28.64M | 27.50M | 28.44M | 28.44M | 28.00M |
| EBITDA | $298.04M | $187.97M | $125.78M | $101.44M | $81.83M | $51.24M | $48.38M | $41.36M | $37.25M | $29.36M | $22M | $20.89M | $17.92M | $11.94M |
| EBITDA Margin | 42.8% | 30.0% | 27.3% | 28.4% | 29.0% | 20.6% | 24.2% | 27.0% | 27.9% | 28.4% | 28.2% | 31.0% | 30.4% | 23.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $196.57M | $315.91M | $90.22M | $184.5M | $48.58M | $40.86M | $12.85M | $12.49M | $4.06M | $3.75M | $10.69M | $9.72M | $3.17M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $196.57M | $315.91M | $90.22M | $184.5M | $48.58M | $40.86M | $12.85M | $12.49M | $4.06M | $3.75M | $10.69M | $9.72M | $3.17M |
| Accounts Receivable | $20.82M | $19.66M | $12.41M | $9.46M | $8.11M | $8.53M | $5.84M | $5.76M | $7.07M | $3.2M | $3.4M | $2.38M | $1.76M |
| Inventory | $0 | $0 | $535K | $389K | $484K | $396K | $315K | $299K | $216K | $226K | $182K | $175K | $193K |
| Other Current Assets | $50.09M | $60.05M | $37.62M | $29.59M | $10.44M | $21.3M | $9.72M | $9.59M | $2.94M | $2.53M | $4.16M | $3.17M | $3.06M |
| Total Current Assets | $267.49M | $395.62M | $144.34M | $226.67M | $70.15M | $72.62M | $30.19M | $29.91M | $15.91M | $11.12M | $19.62M | $18.12M | $8.55M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $179.22M | $175M | $110.38M | $66.85M | $54.5M | $27.95M | $27.84M | $8.34M | $5.83M | $5M | $4.59M | $3.62M | $4.3M |
| Goodwill | $83.88M | $74.72M | $67.71M | $62.51M | $56.88M | $53.69M | $50.19M | $49.66M | $46.56M | $45.13M | $45.13M | $45.13M | $45.57M |
| Intangible Assets | $32.7M | $39.18M | $40.44M | $41.72M | $43M | $44.3M | $45.61M | $46.93M | $48.27M | $49.61M | $51M | $52.37M | $53.75M |
| Long-Term Investments | $87.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $42.96M | $31.73M | $14.95M | $26.44M | $24.67M | $13.01M | $12.28M | $4.92M | $3.28M | $943K | $313K | $997K | $1.28M |
| Total Long-Term Assets | $425.92M | $320.63M | $233.48M | $197.52M | $179.05M | $138.94M | $135.92M | $109.84M | $103.93M | $100.68M | $101.52M | $102.11M | $104.9M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $693.41M | $716.25M | $377.82M | $424.19M | $249.2M | $211.56M | $166.11M | $139.75M | $119.84M | $111.8M | $121.14M | $120.24M | $113.45M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $12.85M | $6.94M | $4.72M | $5.22M | $5.41M | $3.66M | $3.35M | $2.75M | $1.75M | $1.46M | $1.25M | $1.5M | $1M |
| Short-Term Debt | $0 | $0 | $0 | $7.3M | $0 | $3.6M | $3.2M | $2.4M | $3.5M | $3.5M | $0 | $4.87M | $3.84M |
| Current Income Tax Payable | $0 | $0 | $2.95M | $6.4M | $1.81M | $0 | $522K | $398K | $163K | $895K | $161K | $0 | $0 |
| Current Unearned Revenue | $6.93M | $5.96M | $4.85M | $6.04M | $5.01M | $4.58M | $4.38M | $5.13M | $4.12M | $2.48M | $1.85M | $1.76M | $1.1M |
| Other Current Liabilities | $16.14M | $32.66M | $25.33M | $15.17M | $6.2M | $16.49M | $4.93M | $5.13M | $2.94M | $2.53M | $3.77M | $3.17M | $2.23M |
| Total Current Liabilities | $81.97M | $87.44M | $71M | $62.41M | $39.68M | $50.47M | $32.93M | $26.48M | $18.88M | $16.73M | $12.57M | $16.44M | $11.86M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $1.21B | $1.21B | $712.33M | $706.85M | $469.39M | $466.93M | $307.67M | $309.37M | $129.84M | $147.22M | $95.01M | $88.85M | $98.66M |
| Long-Term Unearned Revenue | $47.72M | $38.88M | $30.14M | $27.05M | $28.02M | $24.96M | $22.34M | $21.89M | $8.43M | $7.87M | $7.62M | $7.16M | $5.69M |
| Long-Term Deferred Tax Liabilities | $33.14M | $1.08M | $3.72M | $4.18M | $7.43M | $4.48M | $4.49M | $4.87M | $8.8M | $12.3M | $13.02M | $15.25M | $16.2M |
| Other Long-Term Liabilities | $169K | $57K | $187K | $14.56M | $14.2M | $6.03M | $8.12M | $1.97M | $29.29M | $2.31M | $2.1M | $2.94M | $1.31M |
| Total Long-Term Liabilities | $1.35B | $1.3B | $764.19M | $752.64M | $519.05M | $502.4M | $342.61M | $338.1M | $159.13M | $169.7M | $117.75M | $112.79M | $121.86M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.41M | $0 |
| Total Liabilities | $1.43B | $1.39B | $835.19M | $815.05M | $558.73M | $552.88M | $375.54M | $364.58M | $178.25M | $186.43M | $130.32M | $127.82M | $133.71M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $275K | $287K | $293K | $300K | $299K | $297K | $295K | $293K | $291K | $287K | $286K | $261K | $256K |
| Retained Earnings | -$744.91M | -$676.94M | -$459.99M | -$393.32M | -$310.03M | -$342.03M | -$210.28M | -$226.16M | -$48.8M | -$76.11M | -$46.83M | -$11.57M | -$20.55M |
| Comprehensive Income & Other | $6.35M | -$501K | -$341K | -$637K | -$256K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $7.88M | $1.07M | $2.33M | $2.16M | $207K | $421K | $552K | $1.04M | $262K | $1.19M | $36.87M | $2.31M | $36K |
| Total Equity | -$736.76M | -$675.59M | -$457.37M | -$390.86M | -$309.52M | -$341.31M | -$209.43M | -$224.83M | -$48.25M | -$74.63M | -$9.67M | -$8.99M | -$20.26M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $693.41M | $716.25M | $377.82M | $424.19M | $249.2M | $211.56M | $166.11M | $139.75M | $130M | $111.8M | $120.65M | $118.83M | $113.45M |
| Supplementary Data | |||||||||||||
| Total Debt | $1.27B | $1.27B | $732.51M | $716.43M | $471.84M | $472.92M | $312.68M | $311.77M | $133.34M | $150.72M | $95.01M | $93.72M | $102.5M |
| Net Debt | $1.07B | $949.52M | $642.3M | $531.93M | $423.25M | $432.06M | $299.83M | $299.28M | $129.28M | $146.97M | $84.32M | $84M | $99.33M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-27 | 2024-12-28 | 2023-12-30 | 2022-12-31 | 2021-12-25 | 2020-12-26 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $174.27M | $108.72M | $70.17M | $52.95M | $42.66M | $23.31M | $20.48M | $21.72M | $27.3M | $15.43M | $10.11M | $8.99M | $7.53M | $3.58M |
| Depreciation & Amortization | $25.07M | $19.49M | $13.24M | $10.9M | $7.94M | $7.52M | $5.48M | $4.31M | $3.38M | $3.01M | $2.68M | $2.9M | $3.03M | $2.93M |
| Deferred Income Tax | $35.87M | -$1.81M | -$1.55M | -$3.25M | $2.95M | -$4K | -$426K | -$1.05M | -$3.5M | -$714K | -$1.05M | -$1.53M | -$917K | -$1.12M |
| Stock-Based Compensation | $24.88M | $22.06M | $15.56M | $4.2M | $9.63M | $8.56M | $6.97M | $3.73M | $1.85M | $1.23M | $1.16M | $960K | $748K | $464K |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$1.16M | -$7.25M | -$2.95M | -$2.47M | -$2.13M | $246K | $496K | -$1.2M | -$1.37M | $205K | -$1M | -$616K | -$152K | $303K |
| Inventory | $0 | $0 | $669K | $0 | $0 | $0 | $475K | -$349K | -$670K | $32K | -$2K | -$806K | -$1.73M | $598K |
| Accounts Payable | $3.36M | $2.93M | $10.63M | $5.1M | -$268K | $1.51M | $3.09M | $7M | -$876K | $3.65M | $1.17M | $2.68M | $1.48M | -$126K |
| Other Working Capital | -$17.62M | $12.37M | $13.69M | $4.89M | -$9.81M | $12.26M | $432K | $2.63M | $645K | $48K | $450K | $2.45M | $1.24M | $1.4M |
| Total Working Capital Change | -$15.42M | $8.04M | $22.04M | $7.53M | -$12.21M | $14.01M | $4.49M | $8.08M | -$2.27M | $3.93M | $613K | $3.71M | $841K | $2.17M |
| Other Non-Cash Items | -$91.59M | $1.11M | $2.14M | $3.92M | -$2.1M | $12.14M | $1.59M | $1.98M | $292K | -$726K | -$463K | -$659K | -$326K | $2.4M |
| Net Cash from Operating | $153.06M | $157.61M | $121.6M | $76.24M | $48.88M | $65.53M | $38.58M | $38.77M | $27.05M | $22.17M | $13.05M | $14.37M | $10.91M | $10.42M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$47.44M | -$51.93M | -$40.83M | -$23.94M | -$28.02M | -$6.05M | -$22.49M | -$3.98M | -$2.54M | -$2.06M | -$1.92M | -$1.51M | -$2.15M | -$1.62M |
| Acquisitions | -$1.2M | -$10.05M | -$10.83M | -$7.81M | -$4.88M | -$6.74M | -$1.25M | -$6.52M | -$3.95M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | -$500K | -$808K | -$997K | -$4.16M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $15.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $15.97M | $0 | $320K | $4.06M | $7.21M | $4.8M | $0 | $0 | -$3.95M | $0 | $0 | $1.15M | $2K | $170K |
| Net Cash from Investing | -$17.46M | -$62.48M | -$52.15M | -$28.68M | -$29.85M | -$7.99M | -$23.73M | -$10.5M | -$6.48M | -$2.06M | -$1.92M | -$363K | -$2.14M | -$1.45M |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | -$500M | $3.65M | -$246.97M | $2.4M | -$162.4M | $2.4M | -$186.25M | $17.5M | -$55.75M | -$1.78M | $8.78M | -$30.5M | -$12M |
| Common Stock Issuance | $1.37M | $0 | $0 | $0 | $0 | $0 | $689K | $0 | $1.32M | $485K | $34.99M | $0 | $0 | $0 |
| Common Stock Repurchases | -$221.86M | -$314.66M | -$125.4M | -$315K | $0 | $0 | $0 | -$183K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$32.38M | -$28.87M | -$24.91M | -$141.28M | -$19.82M | -$163.79M | -$11.74M | -$190.74M | -$4.07M | -$83.27M | -$48M | $0 | -$38.53M | -$19.28M |
| Other Financing Activities | -$13.86M | -$11.7M | -$1.53M | -$2.13M | -$1.17M | -$18.06M | -$1.15M | -$9.05M | $1.32M | $468K | $1.06M | $1.32M | -$1.81M | $379K |
| Net Cash from Financing | -$266.73M | $144.76M | -$155.49M | $103.25M | -$23.39M | -$19.45M | -$14.62M | -$13.72M | -$20.25M | -$27.05M | -$10.16M | -$7.46M | -$9.84M | -$6.9M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$131.12M | $239.9M | -$86.04M | $150.81M | -$4.36M | $38.09M | $235K | $14.55M | $313K | -$6.94M | $967K | $6.55M | -$1.08M | $2.07M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $153.06M | $157.61M | $121.6M | $76.24M | $48.88M | $65.53M | $38.58M | $38.77M | $27.05M | $22.17M | $13.05M | $14.37M | $10.91M | $10.42M |
| Capital Expenditure | -$47.44M | -$51.93M | -$40.83M | -$23.94M | -$28.02M | -$6.05M | -$22.49M | -$3.98M | -$2.54M | -$2.06M | -$1.92M | -$1.51M | -$2.15M | -$1.62M |
| Free Cash Flow | $105.62M | $105.68M | $80.77M | $52.3M | $20.86M | $59.48M | $16.1M | $34.79M | $24.51M | $20.11M | $11.13M | $12.86M | $8.76M | $8.8M |
| Cash at Beginning | $359.57M | $119.68M | $205.72M | $54.91M | $59.27M | $21.18M | $20.94M | $6.39M | $3.75M | $10.69M | $9.72M | $3.17M | $4.25M | $2.18M |
| Cash at End | $228.45M | $359.57M | $119.68M | $205.72M | $54.91M | $59.27M | $21.18M | $20.94M | $4.06M | $3.75M | $10.69M | $9.72M | $3.17M | $4.25M |