WING Financials Wingstop Inc.

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 22.9% per year over the past 5 years.
Net income has grown faster than revenue (49.5% vs 22.9% per year).
Operating margin has expanded, at 25.7% in the latest year.
Free cash flow has grown 12.2% per year over the past 5 years.

Financial health

Total debt ($1.2B) exceeds cash ($197M); net debt is $1.0B.
Total debt has grown in line with revenue (20.8% vs 22.9% per year).
Total debt is 5.9× EBITDA.

Shareholder returns

Dividends have been paid for 11 consecutive years, consuming 18.6% of earnings and 30.7% of free cash flow.
The dividend has declined 27.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$697M	$174M	0.0%	25.7%	$106M	$1.2B	$197M
2024	$626M	$109M	85.4%	26.5%	$106M	$1.2B	$316M
2023	$460M	$70M	84.6%	24.5%	$81M	$712M	$90M
2022	$358M	$53M	82.3%	25.7%	$52M	$714M	$184M
2021	$283M	$43M	79.7%	26.1%	$21M	$469M	$49M
2020	$249M	$23M	80.5%	23.1%	$59M	$471M	$41M
2019	$200M	$20M	79.4%	21.5%	$16M	$311M	$13M
2018	$153M	$22M	79.1%	25.2%	$35M	$320M	$12M
2017	$133M	$24M	78.4%	25.4%	$25M	$134M	$4M
2016	$103M	$14M	75.5%	25.8%	$20M	$151M	$4M
2015	—	$10M	—	—	$12M	$96M	$11M
2014	—	$9M	—	—	$13M	$94M	$10M
2013	—	$8M	—	—	$9M	—	$3M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$184M	$30M	0.0%	27.4%	$44M	$1.2B	$129M
Dec '25	$176M	$27M	0.0%	26.7%	$34M	$1.2B	$197M
Sep '25	$176M	$28M	0.0%	27.9%	$62M	$1.2B	$238M
Jun '25	$174M	$27M	0.0%	25.9%	-$8M	$1.2B	$228M
Mar '25	$171M	$92M	0.0%	22.4%	$17M	$1.2B	$251M
Dec '24	$162M	$27M	85.6%	25.9%	-$9M	$1.2B	$316M
Sep '24	$162M	$26M	85.0%	24.5%	$55M	$714M	$84M
Jun '24	$156M	$27M	85.4%	26.5%	$26M	$713M	$97M
Mar '24	$146M	$29M	85.4%	29.3%	$34M	$713M	$108M
Dec '23	$127M	$19M	84.5%	23.5%	$25M	$712M	$90M
Sep '23	$117M	$20M	85.0%	26.2%	$24M	$712M	$78M
Jul '23	$107M	$16M	84.5%	24.7%	-$414000	$711M	$189M
Apr '23	$109M	$16M	84.6%	23.6%	$31M	$713M	$196M
Dec '22	$105M	$18M	83.7%	27.5%	$18M	$714M	$184M
Sep '22	$93M	$13M	83.0%	26.0%	$17M	$715M	$174M
Jun '22	$84M	$13M	82.2%	26.7%	$3M	$716M	$166M
Mar '22	$76M	$9M	79.4%	21.8%	$14M	$716M	$287M
Dec '21	$72M	$7M	79.6%	19.7%	-$17M	$469M	$49M
Sep '21	$66M	$11M	76.9%	31.7%	$14M	$469M	$50M
Jun '21	$74M	$11M	80.8%	25.5%	$12M	$470M	$44M

Valuation over time

How the market has priced WING against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 94.5× (Mar '23) to 25.9× (Jun '26).
The price-to-sales ratio has fallen from 14.0× (Mar '23) to 6.5× (Jun '26).
The dividend yield has fallen from 2.8% (Mar '23) to 0.7% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is WING growing its revenue and profit?

Over the past 5 years, Wingstop Inc.'s revenue has grown 22.9% per year, and net income grown 49.5% per year. These are computed facts, not advice.

How much debt does WING have?

As of FY2025, Wingstop Inc. reported $1.2B of total debt against $197M of cash.

What is WING's profit margin?

In FY2025, gross margin was —, operating margin 25.7%, and net margin 25.0%.

What is WING's P/E ratio?

As of Jun '26, Wingstop Inc. traded at a price-to-earnings ratio of about 25.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.