Wingstop WING Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 86.2%+0.5pp | 86.2%+0.9pp | 86.1%+1.0pp | 85.8%+0.7pp | 85.7%+0.8pp | |
| Operating margin | 27%+2.2pp | 25.7%-0.7pp | 25.5%-0.5pp | 24.7%-1.8pp | 24.7%-1.3pp | |
| Net margin | 15.8%-10.7pp | 25%+7.6pp | 25.5%+8.5pp | 25.6%+8.3pp | 26.5%+9.7pp | |
| EBITDA margin | 30.6%+2.4pp | 29.3%-0.3pp | 29.1%+0.2pp | 28.1%-1.2pp | 28.2%-0.7pp | |
| Free cash flow margin | 19.7%+4.6pp | 16.3%-2.0pp | 11.6%-12.1pp | 10.8%-9.2pp | 15.1%-1.7pp | |
| Returns | ||||||
| Return on assets | 16.6%-14.4pp | 24.7%+4.9pp | 28.9%+4.8pp | 29.6%+8.6pp | 31.1%+11.8pp | |
| Return on invested capital | 43%-7.7pp | 43.1%-10.2pp | 44.7%-11.8pp | 41.2%-13.7pp | 50.8%-12.1pp | |
| Efficiency | ||||||
| Asset turnover | 1.1×-0.1× | 1×-0.2× | 1.1×-0.3× | 1.2×-0.1× | 1.2×0.0× | |
| Liquidity | ||||||
| Current ratio | 2.2×-1.3× | 3.3×-1.3× | 4.1×+2.7× | 4.4×+2.4× | 3.6×+1.4× | |
| Quick ratio | 2.2×-1.3× | 3.3×-1.3× | 4.1×+2.7× | 4.4×+2.4× | 3.6×+1.4× | |
| Cash ratio | 1.3×-1.4× | 2.4×-1.2× | 3×+2.3× | 3.2×+2.0× | 2.8×+1.4× | |
| Leverage | ||||||
| Debt-to-assets | 2×+0.1× | 1.8×+0.1× | 1.8×+0.2× | 1.8×+0.1× | 1.8×+0.1× | |
| Net debt / EBITDA | 5.3×-0.3× | 5.3×+0.1× | 5.2×+1.1× | 5.5×+1.3× | 5.5×+1.3× | |
| Interest coverage | 3.7×-5.1× | 3.4×-3.9× | 15.9×+8.6× | 11×+4.3× | 8.8×+3.1× | |
| Per Share | ||||||
| Book value per share | -$28.96-15.5% | -$26.24-14.1% | -$25.10-64.8% | -$24.50-65.0% | -$25.08-70.2% | |
| Valuation | ||||||
| Market capitalization | $4.26B-34.1% | $6.63B-20.2% | $7.03B-42.4% | $10.16B-18.1% | $6.47B-39.9% | |
| Enterprise value | $5.4B-27.8% | $7.7B-16.8% | $8.06B-37.5% | $11.2B-14.4% | $7.48B-34.1% | |
| Price / earnings | 38.1×+0.5× | 38×-38.3× | 40.3×-80.8× | 59.2×-72.0× | 37.5×-91.6× | |
| Price / sales | 6×-3.9× | 9.5×-3.8× | 10.3×-10.4× | 15.2×-7.6× | 9.9×-11.7× | |
| EV / EBITDA | 24.9×-15.9× | 37.7×-12.3× | 40.5×-35.0× | 59.4×-22.3× | 40.8×-38.5× | |
| EV / sales | 7.6×-3.9× | 11.1×-3.7× | 11.8×-10.0× | 16.7×-7.2× | 11.5×-11.4× | |
| Free cash flow yield | 3.3%+1.8pp | 1.7%+0.3pp | 1.1%0.0pp | 0.7%-0.2pp | 1.5%+0.7pp | |
| Earnings yield | 2.6%0.0pp | 2.6%+1.3pp | 2.5%+1.7pp | 1.7%+0.9pp | 2.7%+1.9pp | |
| Dividend yield | 0.8%+0.3pp | 0.5%+0.1pp | 0.5%+0.2pp | 0.3%+0.1pp | 0.5%+0.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Wingstop's profit margins?
- Wingstop (WING) runs a 86.2% gross margin and a 27.0% operating margin, with a 15.8% net margin.
- Where do Wingstop's ratios come from?
- Every ratio is computed from Wingstop's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
