What is Wingstop's net debt?

Wingstop (WING) reported net debt of $1.14B in Q1 2026.

How has Wingstop's net debt changed year-over-year?

Wingstop's net debt increased by 12.3% year-over-year, from $1.02B to $1.14B.

What is the long-term trend for Wingstop's net debt?

Over 5 years (2020 to 2025), Wingstop's net debt has grown at a 19.7% compound annual growth rate (CAGR), from $437.54M to $1.07B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Wingstop WING Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

WingstopWING

5.3×-0.3×

PBF EnergyPBF

0.6×+0.4×

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Liberty GlobalLBTYB

8.1×-1.0×

Other financials

Income statement

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Revenue$183.7M+7.4%

Gross profit$159.0M+7.3%

Operating income$50.4M+31.7%

Net income$29.9M-67.6%

EPS (diluted)$1.08-66.7%

Balance sheet

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Cash & equivalents$128.8M-48.8%

Total debt$1.3B+0.2%

Total equity-$799.2M-11.8%

Total assets$648.9M-6.9%

Cash flow

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Operating cash flow$61.4M+143%

CapEx$17.7M+121%

Free cash flow$43.7M+153%

Valuation

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Market cap$4.41B-34.1%

Profitability

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Gross margin86.2%+0.5pp

Operating margin27%+2.2pp

Net margin15.8%-10.7pp

FCF margin19.7%+4.6pp

Returns & leverage

See full

Current ratio2.2×-1.3×

Where this comes from

Calculated from Wingstop’s reported figures.

$1.3Btotal debt−$128.8Mcash and equivalents=$1.14B

The official record: Wingstop’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wingstop's net debt?: Wingstop (WING) reported net debt of $1.14B in Q1 2026.
How has Wingstop's net debt changed year-over-year?: Wingstop's net debt increased by 12.3% year-over-year, from $1.02B to $1.14B.
What is the long-term trend for Wingstop's net debt?: Over 5 years (2020 to 2025), Wingstop's net debt has grown at a 19.7% compound annual growth rate (CAGR), from $437.54M to $1.07B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.