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Nasdaq · Consumer Discretionary

Wingstop Inc. (WING)

As-reported financials and SEC filings for Wingstop Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Wingstop Inc.

Wingstop Inc. operates a fast casual restaurant chain specializing in chicken wings, boneless wings, tenders, and chicken sandwiches. The company primarily franchises its brand, with about 98% of its over 3,050 locations worldwide owned by independent franchisees. Wingstop generates revenue through royalties, advertising fees, and franchise fees, serving customers through dine-in, carryout, and delivery options.

Snapshot

Revenue
$696.9M
Revenue growth (YoY)
11.4%
Net income
$174.3M
Diluted EPS
$6.21
Gross margin
Operating margin
25.7%
Net margin
25.0%
FCF margin
15.2%
ROE
net income / fiscal-year-end equity
P/E
25.9×
trailing when available, otherwise FY EPS
Market cap
$2.98B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 27, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Wingstop

  • Revenue grew 11.4% to $697M in FY2025, slower than the 36.0% the year before.
  • Operating margin is 25.7% in FY2025, -0.4 pp against 26.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $186M, up 6.4% from Q2 FY2025.
  • Free cash flow was $106M in FY2025, 15.2% of revenue.
  • Net income rose 60.3% to $174M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Wingstop’s fundamentals sit among the 42 restaurant companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin25.7%
95th percentile of 40
Net margin25.0%
98th percentile of 42
FCF margin15.2%
88th percentile of 42
Revenue growth (YoY)+11.4%
78th percentile of 42
P/E25.9×
58th percentile of 27
Short interest3.14d
43rd percentile of 41

Wingstop’s net margin of 25.0% ranks in the 98th percentile of the 42 restaurant companies reporting it. Wingstop’s operating margin of 25.7% ranks in the 95th percentile of the 40 restaurant companies reporting it. Wingstop’s FCF margin of 15.2% ranks in the 88th percentile of the 42 restaurant companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$110.4M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$46.5M268.1KReduced
Millennium ManagementquantQ2 2026$36.3M209.2KReduced
Citadel AdvisorsquantQ2 2026$19.7M113.4KNew
Gotham Asset ManagementQ2 2026$3.5M20.3KReduced
Bridgewater AssociatesQ2 2026$2.1M12.1KAdded
D. E. ShawquantQ2 2026$1.5M8.8KReduced
AQR Capital ManagementquantQ2 2026$865,4805.3KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-12
Fallon ChristopherFormer SVP & CIOSell250$125.93$31K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.3M
settled 2026-08-14
Change vs prior
+0.5%
vs previous settlement
Days to cover
3.14
at avg daily volume
Avg daily volume
1.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.3M+0.5%3.14
2026-07-314.2M-7.8%3.29
2026-07-154.6M+10.0%3.85
2026-06-304.2M-4.1%3.90
2026-06-154.4M-17.4%3.94
2026-05-295.3M+1.4%4.16
2026-05-155.2M+42.0%3.29
2026-04-303.7M-0.7%2.43

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$696.9M$625.8M$460.1M$357.5M$282.5M
Gross profit$534.2M$389.4M$294.1M$225.1M
Operating income$179.3M$165.6M$112.6M$91.9M$73.8M
Net income$174.3M$108.7M$70.2M$52.9M$42.7M
Diluted EPS$6.21$3.70$2.35$1.77$1.42

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$153.1M$157.6M$121.6M$76.2M$48.9M
Capital expenditure$47.4M$51.9M$40.8M$23.9M$28.0M
Free cash flow$105.6M$105.7M$80.8M$52.3M$20.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$185.6M6.4%$31.3M$1.15
Q1 FY2026$183.7M7.4%$29.9M$1.08
Q4 FY2025$175.7M8.6%$26.8M$0.96
Q3 FY2025$175.7M8.1%$28.5M$1.02
Q2 FY2025$174.3M12.0%$26.8M$0.96
Q1 FY2025$171.1M17.4%$92.3M$3.24
Q4 FY2024$161.8M27.4%$26.8M$0.92
Q3 FY2024$162.5M38.8%$25.7M$0.88

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryRetail-Eating Places
Latest annual periodFY2025 (ended December 27, 2025)
Latest reported quarterQ2 FY2026 (ended June 27, 2026)
Oldest indexed filing2015
SEC CIK1636222

Selected SEC filings

10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-08-25
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-05-22
View on EDGAR →

Largest restaurant peers

All restaurant stocksAll Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.