Wingstop (WING) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Wingstop

NasdaqGS•Consumer Cyclical•Restaurants

$117.10+6.58(0.06%)Market closed

Market Cap

$2.83B

P/E

24.4x

P/S

3.9x

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.

How this company scores

WeakMetricSide Score: 52/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (20/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability11/25

Growth13/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality20/25

Strengths

Rising free cash flowStrong marginsConsistent growthImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 24.4x5y range 24.4x – 184.3x

Currently below its 20-quarter median.

P/S · 3.9x5y range 3.9x – 22.7x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $2.83B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $720.72M
Q. Revenue: $185.56M
TTM EBITDA: $227.51M
TTM Op. Income: $200.84M
Q. Op. Income: $54.63M
TTM Net Income: $116.41M
Q. Net Income: $31.29M
EPS: $1.15
Shares Out.: $27.23M

$720.72M in TTM revenue grew 7.6% YoY, reaching $185.56M last quarter. TTM EBITDA of $227.51M and TTM operating income of $200.84M show growth is flowing through to the bottom line. TTM net income of $116.41M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 33.3%
Op. Margin: 29.4%
Net Margin: 16.9%

Op. margin of 29.4% is up 3.5% YoY — cost efficiency is improving. Net margin at 16.9% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 24.4x
P/S Ratio: 3.9x
P/B Ratio: N/A

At 24.4x P/E, the stock trades within typical market levels. P/S of 3.9x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $657.99M
Cash: $127.45M
Long-Term Debt: $1.21B
Book Value: $-772.99M
D/E Ratio: N/A
Debt/EBITDA: 19.6

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.92M
TTM Free Cash Flow: $128.49M
FCF Margin: 17.8%
FCF / Net Income: 1.1

TTM FCF of $128.49M on $6.92M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 130% — a weakening trend.