SequelSEC

Wingstop Inc. WING

Retail-Eating Places · CIK 0001636222 · Fiscal year ends 1226

AnnualQuarterlyTTM
Revenue
$185.13M
Fiscal year ended 2026-09-26
Operating income
$50.70M
Fiscal year ended 2026-09-26
Free cash flow
$49.74M
Fiscal year ended 2026-09-26

Valuation, from the filing

Public float$9.70BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-27
Float per share$352.93Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income55.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue13.9×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-27, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-27 — the year that filing covered.

Valuation over time

55.7× earnings today, against a median of 69.8× across 9 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-27$9.70B55.7×
2024-06-28$12.40B114.1×
2022-06-24$2.50B47.2×
2021-06-25$4.70B110.2×
2020-06-27$4.00B171.6×
2019-06-29$2.80B136.7×
2018-06-30$1.52B69.8×
2017-12-30$892.80M37.3×
2016-06-25$424.90M30.9×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Retail-Eating Places filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Net margin25.0%97th
Current ratio3.26x95th
Operating margin25.7%95th
SBC / revenue3.6%92th
FCF margin15.2%86th
Revenue YoY growth11.4%78th
CapEx / revenue6.8%70th
Effective tax rate26.5%62th

Wingstop Inc. (WING) reported revenue of $185.13M and net income of $29.10M for the fiscal year ended 2026-09-26. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Wingstop Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Eating Places.

Income

Wingstop Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-262026-06-272026-03-282025-12-272025-09-272025-06-282025-03-292024-12-282024-09-282024-06-29
Revenue$185.13M$185.56M$183.72M$175.69M$175.74M$174.33M$171.09M$161.82M$162.50M$155.70M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$23.32M$24.37M$22.67M
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating income$50.70M$54.63M$50.41M$46.84M$48.96M$45.23M$38.26M$41.84M$39.82M$41.22M
Net income$29.10M$31.29M$29.88M$26.76M$28.48M$26.76M$92.26M$26.75M$25.73M$27.48M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 27.14Mshares 27.25Mshares 27.59MUnavailableshares 27.99Mshares 28.00Mshares 28.51MUnavailableshares 29.38Mshares 29.46M
Pretax income$40.02M$44.65M$40.57M$37.60M$39.63M$36.76M$123.19M$36.71M$35.49M$36.49M
Income tax expense$10.92M$13.36M$10.69M$10.84M$11.15M$10.00M$30.92M$9.96M$9.76M$9.01M
Diluted EPS$1.07$1.15$1.08Unavailable$1.02$0.96$3.24Unavailable$0.88$0.93
Selling, general & administrative$30.47M$30.24M$34.45M$33.32M$30.66M$32.94M$31.44M$31.23M$32.29M$28.10M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Wingstop Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-262026-06-272026-03-282025-12-272025-09-272025-06-282025-03-292024-12-282024-09-282024-06-29
Cash & equivalents$104.79M$127.46M$128.82M$196.57M$237.64M$227.94M$251.38M$315.91M$83.96M$96.75M
Total assets$686.60M$657.99M$648.89M$693.41M$721.03M$708.29M$696.80M$716.25M$484.76M$451.82M
Current assets$195.46M$208.32M$216.94M$267.49M$320.20M$312.84M$324.26M$395.62M$166.24M$162.79M
Total liabilities$1.46B$1.43B$1.45B$1.43B$1.42B$1.39B$1.41B$1.39B$932.23M$889.36M
Current liabilities$92.20M$70.21M$96.74M$81.96M$78.98M$71.59M$91.01M$87.44M$118.89M$84.54M
Total equity incl. NCI-$772.55M-$772.99M-$799.17M-$736.76M-$702.62M-$686.00M-$714.98M-$675.59M-$447.47M-$437.54M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$32.73M$25.11M$23.52M$20.82M$19.42M$28.39M$18.45M$19.66M$16.94M$16.06M
Goodwill$102.65M$83.88M$83.88M$83.88M$79.21M$79.21M$74.72M$74.72M$74.75M$68.73M
Long-term debt$1.21B$1.21B$1.21B$1.21B$1.21B$1.21B$1.21B$1.21B$713.73M$713.26M
Accounts payable$18.50M$10.27M$9.36M$12.85M$11.00M$3.30M$7.90M$6.94M$10.30M$5.75M

Cash flow

Wingstop Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-262026-06-272026-03-282025-12-272025-09-272025-06-282025-03-292024-12-282024-09-282024-06-29
Operating cash flow$61.33M$6.92M$61.38M$57.32M$63.87M$6.58M$25.29M$7.74M$69.03M$36.18M
Capital expenditures$11.59M$18.21M$17.72M$22.84M$2.22M$14.36M$8.02M$16.35M$14.12M$10.30M
Investing cash flow-$43.60M-$18.21M-$17.72M-$32.15M-$2.22M-$23.58M$40.50M-$12.35M-$24.87M-$13.59M
Financing cash flow-$33.94M-$7.90M-$95.48M-$69.33M-$48.25M-$8.74M-$140.42M$233.05M-$43.12M-$35.55M
Net change in cash-$16.20M-$19.19M-$51.82M-$44.17M$13.41M-$25.74M-$74.63M$228.44M$1.04M-$12.96M
Stock-based compensation$4.08M$3.89M$4.82M$7.28M$6.07M$6.22M$5.31M$6.05M$7.27M$4.93M
Common dividends paid$8.93M$8.17M$8.50M$8.36M$8.38M$7.59M$8.05M$7.89M$7.90M$6.47M
Common share repurchases$25.24M$0$78.52M$61.11M$39.97M$0$120.77M$250.45M$34.99M$29.22M
Depreciation & amortization$9.00M$7.21M$6.84M$6.39M$6.23M$6.22M$6.23M$5.86M$5.05M$5.16M

Derived

Wingstop Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-262026-06-272026-03-282025-12-272025-09-272025-06-282025-03-292024-12-282024-09-282024-06-29
Free cash flow$49.74M-$11.29M$43.66M$34.48M$61.65M-$7.78M$17.27M-$8.61M$54.92M$25.88M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin27.4%29.4%27.4%26.7%27.9%25.9%22.4%25.9%24.5%26.5%
FCF margin26.9%-6.1%23.8%19.6%35.1%-4.5%10.1%-5.3%33.8%16.6%
SBC / revenue2.2%2.1%2.6%4.1%3.5%3.6%3.1%3.7%4.5%3.2%
Current ratio2.12x2.97x2.24x3.26x4.05x4.37x3.56x4.52x1.40x1.93x
Revenue YoY growth5.3%6.4%7.4%8.6%8.1%12.0%17.4%27.4%38.8%45.3%
Net margin15.7%UnavailableUnavailable15.2%16.2%UnavailableUnavailable16.5%15.8%Unavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue6.3%9.8%9.6%13.0%1.3%8.2%4.7%10.1%8.7%6.6%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate27.3%29.9%26.3%28.8%28.1%27.2%25.1%27.1%27.5%24.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WING in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-28View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-29View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-07-30View SEC filing

Companies in the same industry

Reconciliation checks needing review

4 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2024-12-28

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-09-28

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-29

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-30

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.