Wingstop Inc. (WING) Stock Analysis
Consumer Cyclical · Restaurants · NasdaqGS
Wingstop Inc. (WING) posted $696.85M in revenue for fiscal 2025 (up 11.4% year over year), at a 25.0% net margin, and has compounded revenue about 22.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Wingstop Inc.
Wingstop Inc. has grown revenue from $103.32M to $696.85M over the last 10 fiscal years, compounding about 22.9% a year. The most recent year was up 11.4%, so growth has cooled from its longer-run pace.
Net margin sits at 25%, up 7.6 points year over year. It carries about $1.22B of total debt.
At today's valuation the market is pricing in roughly 16.4% annual free-cash-flow growth — versus the 12.2% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Wingstop Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Wingstop Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $103.32M | $133.32M | $153.18M | $199.68M | $248.81M | $282.50M | $357.52M | $460.06M | $625.81M | $696.85M |
| Gross profit | $78.02M | $104.57M | $121.12M | $158.57M | $200.23M | $225.09M | $294.13M | $389.41M | $534.17M | — |
| Net income | $13.77M | $23.94M | $21.72M | $20.48M | $23.31M | $42.66M | $52.95M | $70.17M | $108.72M | $174.27M |
| Net margin | 13.3% | 18.0% | 14.2% | 10.3% | 9.4% | 15.1% | 14.8% | 15.3% | 17.4% | 25.0% |
Source: Wingstop Inc. SEC filings (10-K). 13 years of history available in the interactive view.
Wingstop Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $1220.9M is 8.0× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into WING stock?
At today's market cap of $4.00B, Wingstop Inc. is priced for free-cash-flow growth of about 16.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $105.62M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 12.2%/yr over the last five fiscal years and revenue 22.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 13 years of Wingstop Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Wingstop Inc. financial history by metric
Compare Wingstop Inc. with peers
About Wingstop Inc.
Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand in United States, Australia, Bahrain, Kuwait, Puerto Rico, Saudi Arabia, and The Netherlands. Its restaurants provides classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches, fries, and hand-cut carrots and celery that are cooked-to-order. The company was founded in 1994 and is headquartered in Dallas, Texas.
Wingstop Inc. — frequently asked questions
What is Wingstop Inc.'s revenue?
Wingstop Inc. (WING) reported revenue of $696.85M for fiscal year 2025, up 11.4% from the prior year, according to its SEC filings.
Is Wingstop Inc. profitable?
Yes. WING earned net income of $174.27M in fiscal 2025, a net margin of 25.0%.
What is WING's P/E ratio?
Wingstop Inc. trades at a price-to-earnings ratio of about 36.2 based on the latest data in our nightly-refreshed cache.
How fast is Wingstop Inc. growing?
WING's revenue grew at roughly 22.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Wingstop Inc. have?
As of fiscal year 2025, WING carried roughly $1.22B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Wingstop Inc.'s market cap?
Wingstop Inc. (WING) has a market capitalization of about $4.00B, based on the latest data in our nightly-refreshed cache.
When does Wingstop Inc.'s fiscal year end?
WING's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WING stock?
At today's market cap of $4.00B, Wingstop Inc. is priced for free-cash-flow growth of about 16.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $105.62M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 12.2%/yr over the last five fiscal years and revenue 22.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Wingstop Inc.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.