Wingstop (WING) Financials

$327.78 -5.89 (-1.77%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Wingstop

This table shows Wingstop's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Income / (Loss) Attributable to Common Shareholders	109	70	53	43	23	20	22	24	14	10
Consolidated Net Income / (Loss)	109	70	53	43	23	20	22	24	14	10
Net Income / (Loss) Continuing Operations	109	70	53	43	23	20	22	24	14	10
Total Pre-Tax Income	147	94	69	59	27	26	27	29	22	16
Total Operating Income	166	113	92	74	57	43	39	34	27	20
Total Gross Profit	534	389	294	225	200	159	121	105	78	56
Total Revenue	626	460	358	283	249	200	153	133	103	78
Operating Revenue	626	460	358	283	249	200	153	133	103	78
Total Cost of Revenue	92	71	63	57	49	41	32	29	25	22
Operating Cost of Revenue	92	71	63	57	49	41	32	29	25	22
Total Operating Expenses	369	277	202	151	143	116	83	71	51	36
Selling, General & Admin Expense	117	97	67	63	61	50	45	35	35	33
Marketing Expense	233	167	123	84	77	60	34	32	14	-
Depreciation Expense	19	13	11	7.94	7.52	5.48	4.31	3.38	3.01	2.68
Other Special Charges / (Income)	-1.04	0.10	1.16	-3.50	-3.09	-	0.00	-	-	-
Total Other Income / (Expense), net	-18	-18	-23	-15	-30	-17	-12	-5.13	-4.65	-3.87
Interest Expense	0.00	0.00	0.81	0.00	14	0.00	1.48	-	-	-
Interest & Investment Income	-21	-18	-21	-15	-17	-17	-10	-5.13	-4.40	-3.48
Other Income / (Expense), net	2.87	-0.06	-0.57	0.14	0.00	0.00	-	0.00	-0.25	-0.40
Income Tax Expense	38	24	16	16	3.64	5.29	5.21	4.80	8.19	5.74
Basic Earnings per Share	$3.72	$2.36	$1.77	$1.43	$0.79	$0.70	$0.74	$0.82	$0.48	$0.37
Weighted Average Basic Shares Outstanding	28.66M	29.34M	29.93M	29.77M	29.60M	29.42M	29.23M	29.03M	28.64M	27.50M
Diluted Earnings per Share	$3.70	$2.35	$1.77	$1.42	$0.78	$0.69	$0.73	$0.82	$0.47	$0.36
Weighted Average Diluted Shares Outstanding	28.66M	29.34M	29.93M	29.94M	29.80M	29.67M	29.59M	29.42M	28.98M	27.82M
Weighted Average Basic & Diluted Shares Outstanding	28.66M	29.34M	29.93M	29.84M	29.69M	29.46M	29.40M	33.30M	32.20M	27.30M

This table shows Wingstop's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Income / (Loss) Attributable to Common Shareholders	92	27	26	27	29	19	20	16	16	18	13
Consolidated Net Income / (Loss)	92	27	26	27	29	19	20	16	16	18	13
Net Income / (Loss) Continuing Operations	92	27	26	27	29	19	20	16	16	18	13
Total Pre-Tax Income	123	37	35	36	38	25	26	22	21	23	18
Total Operating Income	38	42	40	41	43	30	31	26	26	29	24
Total Gross Profit	148	139	138	133	125	107	99	91	92	88	77
Total Revenue	171	162	162	156	146	127	117	107	109	105	93
Operating Revenue	171	162	162	156	146	127	117	107	109	105	93
Total Cost of Revenue	23	23	24	23	21	20	18	17	17	17	16
Operating Cost of Revenue	23	23	24	23	21	20	18	17	17	17	16
Total Operating Expenses	110	97	98	92	82	78	69	64	66	59	53
Selling, General & Admin Expense	31	31	32	28	25	28	23	22	24	18	17
Marketing Expense	66	61	61	59	53	46	42	39	40	37	33
Depreciation Expense	6.23	5.87	5.05	5.16	3.41	3.65	3.38	3.22	2.99	3.29	2.84
Other Special Charges / (Income)	6.54	-1.04	0.00	0.00	0.00	-	0.02	0.00	0.08	0.16	0.24
Total Other Income / (Expense), net	85	-5.13	-4.33	-4.73	-4.24	-4.82	-4.50	-4.20	-4.76	-5.50	-6.03
Interest & Investment Income	85	-6.42	-5.13	-5.20	-4.54	-4.89	-4.52	-4.24	-4.57	-5.31	-5.74
Income Tax Expense	31	9.96	9.76	9.01	9.75	6.18	6.64	6.08	5.24	5.77	4.68
Basic Earnings per Share	$3.25	$0.92	$0.88	$0.94	$0.98	$0.64	$0.66	$0.54	$0.52	$0.58	$0.45
Weighted Average Basic Shares Outstanding	27.90M	28.66M	29.27M	29.34M	29.35M	29.34M	29.75M	29.97M	29.95M	29.93M	29.92M
Diluted Earnings per Share	$3.24	$0.91	$0.88	$0.93	$0.98	$0.64	$0.65	$0.54	$0.52	$0.59	$0.45
Weighted Average Diluted Shares Outstanding	27.90M	28.66M	29.38M	29.46M	29.48M	29.34M	29.82M	30.05M	30.03M	29.93M	29.97M
Weighted Average Basic & Diluted Shares Outstanding	27.90M	28.66M	29.21M	29.30M	29.37M	29.34M	29.41M	29.98M	29.97M	29.93M	29.92M
Cash Dividends to Common per Share	$0.27	-	$0.27	$0.22	$0.22	-	$0.22	$0.19	$0.19	-	$0.19

This table details how cash moves in and out of Wingstop's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Net Change in Cash & Equivalents	240	-86	151	-4.36	38	0.24	15	0.70	-8.39	0.97
Net Cash From Operating Activities	158	122	76	49	66	39	39	27	22	14
Net Cash From Continuing Operating Activities	158	122	76	49	66	39	39	27	22	14
Net Income / (Loss) Continuing Operations	109	70	53	43	23	20	22	24	14	10
Consolidated Net Income / (Loss)	109	70	53	43	23	20	22	24	14	10
Depreciation Expense	19	13	11	7.94	7.52	5.48	4.31	3.38	3.01	2.68
Amortization Expense	2.15	2.04	1.94	1.40	1.57	1.59	0.51	0.29	0.44	0.33
Non-Cash Adjustments To Reconcile Net Income	21	16	6.18	6.13	19	6.97	5.20	1.85	1.23	1.16
Changes in Operating Assets and Liabilities, net	6.23	20	4.28	-9.26	14	4.06	7.03	-2.02	3.43	-0.41
Net Cash From Investing Activities	-62	-52	-29	-30	-7.99	-24	-10	-6.48	-2.06	-1.92
Net Cash From Continuing Investing Activities	-62	-52	-29	-30	-7.99	-24	-10	-6.48	-2.06	-1.92
Purchase of Property, Plant & Equipment	-52	-41	-24	-28	-6.05	-22	-3.98	-2.54	-2.06	-1.92
Acquisitions	-14	-11	-7.81	-4.88	-6.74	-1.25	-	-	-	-
Purchase of Investments	-0.50	-0.81	-1.00	-4.16	0.00	0.00	-	-	-	-
Sale of Property, Plant & Equipment	4.00	0.32	4.06	7.21	4.80	0.00	0.00	-	-	-
Net Cash From Financing Activities	145	-155	103	-23	-19	-15	-14	-20	-28	-11
Net Cash From Continuing Financing Activities	145	-155	103	-23	-19	-15	-14	-20	-28	-11
Repayment of Debt	-8.83	-3.65	-8.47	-2.40	-352	-7.42	-374	-21	-110	-38
Repurchase of Common Equity	-315	-125	0.00	0.00	-	-	-	-	-	-
Payment of Dividends	-29	-25	-141	-20	-164	-12	-191	-4.07	-83	-48
Issuance of Debt	500	0.00	250	0.00	496	5.00	551	3.50	165	40
Other Financing Activities, net	-2.87	-1.53	3.00	-1.17	0.59	-0.46	0.33	1.32	0.49	0.48
Cash Interest Paid	23	23	20	15	15	17	7.60	4.84	4.78	3.41
Cash Income Taxes Paid	39	28	14	10	7.26	5.41	2.95	10	7.23	5.36

This table details how cash moves in and out of Wingstop's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Net Change in Cash & Equivalents	-75	228	1.04	-13	23	13	-107	-13	21	4.86	9.24
Net Cash From Operating Activities	25	7.74	69	36	45	38	36	12	36	23	24
Net Cash From Continuing Operating Activities	25	7.74	69	36	45	38	36	12	36	23	24
Net Income / (Loss) Continuing Operations	92	27	26	27	29	19	20	16	16	18	13
Consolidated Net Income / (Loss)	92	27	26	27	29	19	20	16	16	18	13
Depreciation Expense	6.23	5.87	5.05	5.16	3.41	3.65	3.38	3.22	2.99	3.29	2.84
Amortization Expense	0.77	0.59	0.52	0.52	0.52	0.51	0.51	0.51	0.52	0.55	0.51
Non-Cash Adjustments To Reconcile Net Income	-81	5.01	7.27	4.93	3.81	5.54	3.15	3.55	3.42	2.24	1.77
Changes in Operating Assets and Liabilities, net	6.67	-30	30	-1.92	8.17	9.34	9.23	-11	13	-0.60	5.22
Net Cash From Investing Activities	40	-12	-25	-14	-12	-19	-11	-18	-4.32	-12	-7.58
Net Cash From Continuing Investing Activities	40	-12	-25	-14	-12	-19	-11	-18	-4.32	-12	-7.58
Purchase of Property, Plant & Equipment	-8.02	-16	-14	-10	-11	-13	-11	-13	-4.32	-4.98	-6.27
Purchase of Investments	-77	-	-	-	-0.50	-	-	-0.81	0.00	-1.00	-
Sale of Property, Plant & Equipment	17	-	-	-	-	-	-	-	-	-	0.43
Sale and/or Maturity of Investments	108	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-140	233	-43	-36	-9.62	-6.47	-132	-7.29	-10	-6.18	-6.88
Net Cash From Continuing Financing Activities	-140	233	-43	-36	-9.62	-6.47	-132	-7.29	-10	-6.18	-6.88
Repurchase of Common Equity	-121	-250	-35	-	-	-0.15	-125	-	-	-	-
Payment of Dividends	-8.05	-7.89	-7.90	-6.47	-6.61	-6.47	-6.60	-5.76	-6.08	-5.69	-5.68
Other Financing Activities, net	-12	0.22	-0.23	0.15	-3.01	0.16	0.20	0.29	-2.18	1.34	-

This table presents Wingstop's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Total Assets	716	378	424	249	212	166	140	120	112	121
Total Current Assets	396	144	227	70	73	30	30	16	11	20
Cash & Equivalents	316	90	184	49	41	13	12	4.06	3.75	11
Restricted Cash	54	37	28	9.65	21	9.72	9.59	2.94	2.53	3.77
Accounts Receivable	20	12	9.46	6.99	4.93	5.18	5.76	4.57	3.20	3.40
Prepaid Expenses	6.52	4.95	4.25	4.93	5.53	2.45	2.06	4.33	1.63	1.75
Plant, Property, & Equipment, net	126	91	67	55	28	28	8.34	5.83	5.00	4.59
Total Noncurrent Assets	195	142	131	125	111	108	102	98	96	96
Goodwill	75	68	63	57	54	50	50	47	45	45
Intangible Assets	39	40	42	43	44	46	33	33	50	51
Other Noncurrent Operating Assets	81	34	26	25	13	12	19	19	0.94	0.31
Total Liabilities & Shareholders' Equity	716	378	424	249	212	166	140	120	112	121
Total Liabilities	1,392	835	815	559	553	376	365	178	186	130
Total Current Liabilities	87	71	62	40	50	33	26	19	17	13
Accounts Payable	6.94	4.73	5.22	5.41	3.66	3.35	2.75	1.75	1.46	1.25
Other Current Liabilities	81	66	50	34	43	26	21	14	12	11
Total Noncurrent Liabilities	1,304	764	753	519	502	343	338	159	170	118
Long-Term Debt	1,206	712	707	469	467	308	309	130	147	95
Noncurrent Deferred Revenue	39	30	27	28	25	22	22	21	7.87	7.62
Noncurrent Deferred & Payable Income Tax Liabilities	1.09	3.72	4.18	7.43	4.48	4.49	4.87	5.92	12	13
Other Noncurrent Operating Liabilities	58	18	15	14	6.03	8.12	1.97	2.14	2.31	2.10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-676	-457	-391	-310	-341	-209	-225	-58	-75	-9.67
Total Preferred & Common Equity	-676	-457	-391	-310	-341	-209	-225	-58	-75	-9.67
Total Common Equity	-676	-457	-391	-310	-341	-209	-225	-58	-75	-9.67
Common Stock	1.86	2.97	3.10	0.76	0.72	0.85	1.33	0.55	1.48	37
Retained Earnings	-677	-460	-393	-310	-342	-210	-226	-59	-76	-47
Accumulated Other Comprehensive Income / (Loss)	-0.50	-0.34	-0.64	-0.26	0.00	-	-	-	-	-

This table presents Wingstop's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	9/28/2024	6/29/2024	3/30/2024	9/30/2023	7/1/2023	4/1/2023	9/24/2022
Total Assets	697	485	452	412	352	451	451	411
Total Current Assets	324	166	163	171	133	238	249	223
Cash & Equivalents	251	84	97	108	78	189	196	174
Restricted Cash	48	58	43	45	37	33	40	35
Accounts Receivable	18	17	16	14	12	11	10	8.83
Prepaid Expenses	6.69	7.23	6.77	3.77	5.91	5.55	3.06	5.75
Plant, Property, & Equipment, net	108	119	108	99	84	79	72	63
Total Noncurrent Assets	265	199	181	142	134	134	130	125
Long-Term Investments	76	-	-	-	-	-	-	-
Goodwill	75	75	69	68	65	65	63	59
Intangible Assets	33	39	40	40	41	41	41	42
Other Noncurrent Operating Assets	81	85	73	34	29	28	26	24
Total Liabilities & Shareholders' Equity	697	485	452	412	352	451	451	411
Total Liabilities	1,412	932	889	847	827	817	831	818
Total Current Liabilities	91	119	85	79	67	59	79	61
Accounts Payable	7.90	10	5.75	6.44	5.10	6.11	6.85	3.50
Other Current Liabilities	83	109	79	72	62	53	65	50
Total Noncurrent Liabilities	1,321	813	805	768	760	758	752	757
Long-Term Debt	1,207	714	713	713	712	711	705	708
Noncurrent Deferred Revenue	42	37	33	32	29	28	28	27
Noncurrent Deferred & Payable Income Tax Liabilities	14	2.10	4.63	5.63	2.98	3.15	3.38	6.76
Other Noncurrent Operating Liabilities	58	61	54	18	16	15	15	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-715	-447	-438	-434	-475	-365	-380	-407
Total Preferred & Common Equity	-715	-447	-438	-434	-475	-365	-380	-407
Total Common Equity	-715	-447	-438	-434	-475	-365	-380	-407
Common Stock	1.57	1.81	2.16	1.21	1.53	2.34	1.11	1.29
Retained Earnings	-719	-449	-439	-435	-476	-367	-380	-407
Accumulated Other Comprehensive Income / (Loss)	2.76	0.06	-0.38	-0.37	-0.56	-0.36	-0.49	-0.98

This table displays calculated financial ratios and metrics derived from Wingstop's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/28/2024	12/30/2023	12/31/2022	12/25/2021	12/26/2020	12/28/2019	12/29/2018	12/30/2017	12/31/2016	12/26/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.03%	28.68%	26.56%	13.54%	24.61%	30.35%	14.90%	29.03%	32.52%	15.60%
EBITDA Growth	48.74%	22.67%	25.19%	25.21%	33.03%	15.28%	15.46%	25.99%	33.42%	5.99%
EBIT Growth	49.71%	23.18%	23.64%	28.75%	33.77%	11.35%	13.74%	28.54%	36.39%	7.45%
NOPAT Growth	46.01%	19.31%	31.48%	7.59%	45.60%	9.71%	10.14%	69.10%	32.67%	10.76%
Net Income Growth	54.92%	32.54%	24.12%	83.03%	13.82%	-5.72%	-9.28%	73.87%	36.25%	12.46%
EPS Growth	57.45%	32.77%	24.65%	82.05%	13.04%	-5.48%	-10.98%	74.47%	30.56%	5.88%
Operating Cash Flow Growth	29.61%	59.50%	55.98%	-25.41%	69.84%	-0.48%	41.32%	25.39%	57.86%	-3.55%
Free Cash Flow Firm Growth	34.76%	7.47%	226.74%	-69.35%	206.09%	-41.18%	13.39%	69.60%	31.10%	122.39%
Invested Capital Growth	25.95%	16.00%	8.54%	51.56%	-14.97%	21.61%	-4.50%	-2.71%	-1.50%	-1.34%
Revenue Q/Q Growth	5.88%	5.07%	10.11%	3.19%	4.23%	6.78%	3.58%	-1.12%	18.51%	0.00%
EBITDA Q/Q Growth	8.90%	1.20%	17.18%	5.86%	2.92%	1.41%	1.31%	8.52%	-2.30%	0.00%
EBIT Q/Q Growth	8.54%	1.08%	18.63%	6.14%	2.11%	0.50%	0.56%	9.04%	-3.07%	0.00%
NOPAT Q/Q Growth	7.06%	0.86%	21.58%	6.45%	5.83%	-0.37%	-9.72%	25.67%	-3.79%	0.00%
Net Income Q/Q Growth	7.88%	1.77%	25.33%	45.33%	-28.86%	3.16%	-20.65%	29.30%	-7.70%	0.00%
EPS Q/Q Growth	7.87%	2.17%	26.43%	44.90%	-29.09%	2.99%	-21.51%	30.16%	-7.84%	0.00%
Operating Cash Flow Q/Q Growth	-16.04%	13.83%	58.86%	-32.86%	15.42%	5.04%	1.52%	6.97%	-0.90%	17.93%
Free Cash Flow Firm Q/Q Growth	-20.08%	6.68%	82.34%	-59.27%	8.95%	-1.50%	-13.77%	45.12%	0.00%	0.00%
Invested Capital Q/Q Growth	29.78%	5.38%	9.92%	33.11%	-7.40%	-3.72%	-4.74%	-7.28%	-2.43%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	85.36%	84.64%	82.27%	79.68%	80.47%	79.41%	79.07%	78.44%	75.51%	71.50%
EBITDA Margin	30.38%	27.78%	29.14%	29.46%	26.72%	25.03%	28.30%	28.16%	28.84%	28.64%
Operating Margin	26.46%	24.47%	25.71%	26.11%	23.07%	21.49%	25.15%	25.41%	25.75%	25.29%
EBIT Margin	26.92%	24.46%	25.55%	26.16%	23.07%	21.49%	25.15%	25.41%	25.51%	24.78%
Profit (Net Income) Margin	17.37%	15.25%	14.81%	15.10%	9.37%	10.25%	14.18%	17.96%	13.33%	12.96%
Tax Burden Percent	73.86%	74.41%	76.39%	72.42%	86.50%	79.47%	80.66%	83.29%	62.71%	63.78%
Interest Burden Percent	87.36%	83.80%	75.87%	79.72%	46.95%	60.06%	69.89%	84.85%	83.32%	82.01%
Effective Tax Rate	26.14%	25.59%	23.62%	27.58%	13.50%	20.53%	19.34%	16.71%	37.29%	36.22%
Return on Invested Capital (ROIC)	84.61%	70.32%	66.26%	63.32%	68.03%	47.44%	46.81%	40.97%	23.72%	17.63%
ROIC Less NNEP Spread (ROIC-NNEP)	82.70%	67.81%	62.47%	60.69%	60.47%	42.73%	42.31%	37.82%	21.13%	14.56%
Return on Net Nonoperating Assets (RNNOA)	-103.80%	-86.86%	-81.38%	-76.43%	-76.50%	-56.87%	-62.15%	-76.96%	-56.39%	-125.90%
Return on Equity (ROE)	-19.19%	-16.55%	-15.12%	-13.11%	-8.46%	-9.43%	-15.34%	-35.99%	-32.67%	-108.28%
Cash Return on Invested Capital (CROIC)	61.64%	55.50%	58.06%	22.33%	84.22%	27.94%	51.42%	43.72%	25.24%	18.98%
Operating Return on Assets (OROA)	30.80%	28.06%	27.13%	32.07%	30.39%	28.05%	29.68%	29.25%	22.67%	16.14%
Return on Assets (ROA)	19.87%	17.50%	15.73%	18.52%	12.34%	13.39%	16.73%	20.67%	11.85%	8.44%
Return on Common Equity (ROCE)	-19.19%	-16.55%	-15.12%	-13.11%	-8.46%	-9.43%	-15.34%	-35.99%	-32.67%	-108.28%
Return on Equity Simple (ROE_SIMPLE)	-16.09%	-15.34%	-13.55%	-13.78%	-6.83%	-9.78%	-9.66%	-40.98%	-18.45%	-104.48%
Net Operating Profit after Tax (NOPAT)	122	84	70	53	50	34	31	28	17	13
NOPAT Margin	19.55%	18.21%	19.64%	18.91%	19.95%	17.07%	20.29%	21.16%	16.15%	16.13%
Net Nonoperating Expense Percent (NNEP)	1.91%	2.50%	3.79%	2.62%	7.56%	4.71%	4.50%	3.16%	2.59%	3.06%
Return On Investment Capital (ROIC_SIMPLE)	23.05%	32.86%	21.72%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	14.64%	15.36%	17.73%	20.32%	19.53%	20.59%	20.93%	21.56%	24.49%	28.50%
SG&A Expenses to Revenue	18.66%	21.06%	18.76%	22.26%	24.55%	25.13%	29.10%	26.18%	33.44%	42.77%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	58.89%	60.17%	56.55%	53.57%	57.41%	57.93%	53.92%	53.03%	49.76%	46.21%
Earnings before Interest and Taxes (EBIT)	168	113	91	74	57	43	39	34	26	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	190	128	104	83	66	50	43	38	30	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	13.32	16.36	11.43	17.40	15.94	11.57	11.19	6.81	6.57	5.92
Price to Earnings (P/E)	76.68	107.26	77.21	115.26	170.14	112.79	78.92	37.95	49.29	45.64
Dividend Yield	0.34%	0.32%	3.72%	0.38%	4.01%	0.51%	11.18%	0.45%	12.28%	0.00%
Earnings Yield	1.30%	0.93%	1.30%	0.87%	0.59%	0.89%	1.27%	2.64%	2.03%	2.19%
Enterprise Value to Invested Capital (EV/IC)	56.91	63.39	41.60	52.42	65.22	32.93	30.89	15.24	11.79	7.65
Enterprise Value to Revenue (EV/Rev)	14.66	17.63	12.84	18.86	17.58	13.01	13.08	7.76	7.97	6.95
Enterprise Value to EBITDA (EV/EBITDA)	48.25	63.47	44.04	64.01	65.79	51.98	46.23	27.56	27.62	24.26
Enterprise Value to EBIT (EV/EBIT)	54.45	72.09	50.23	72.10	76.21	60.55	52.01	30.55	31.23	28.04
Enterprise Value to NOPAT (EV/NOPAT)	74.99	96.83	65.35	99.75	88.10	76.19	64.48	36.68	49.33	43.08
Enterprise Value to Operating Cash Flow (EV/OCF)	58.20	66.71	60.20	109.00	66.74	67.33	51.68	37.72	37.62	39.09
Enterprise Value to Free Cash Flow (EV/FCFF)	102.93	122.67	74.58	282.88	71.17	129.39	58.70	34.37	46.37	40.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.79	-1.56	-1.83	-1.52	-1.38	-1.48	-1.39	-2.28	-2.02	-9.82
Long-Term Debt to Equity	-1.79	-1.56	-1.81	-1.52	-1.37	-1.47	-1.38	-2.22	-1.97	-9.82
Financial Leverage	-1.26	-1.28	-1.30	-1.26	-1.27	-1.33	-1.47	-2.04	-2.67	-8.64
Leverage Ratio	-0.97	-0.95	-0.96	-0.71	-0.69	-0.70	-0.92	-1.74	-2.76	-12.83
Compound Leverage Factor	-0.84	-0.79	-0.73	-0.56	-0.32	-0.42	-0.64	-1.48	-2.30	-10.52
Debt to Total Capital	227.32%	279.39%	220.90%	293.61%	364.12%	306.45%	358.59%	177.97%	198.08%	111.34%
Short-Term Debt to Total Capital	0.00%	0.00%	2.26%	0.00%	2.79%	3.15%	2.76%	4.67%	4.60%	0.00%
Long-Term Debt to Total Capital	227.32%	279.39%	218.64%	293.61%	361.34%	303.30%	355.83%	173.30%	193.48%	111.34%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-127.32%	-179.39%	-120.90%	-193.61%	-264.12%	-206.45%	-258.59%	-77.97%	-98.08%	-11.34%
Debt to EBITDA	6.34	5.57	6.85	5.64	7.08	6.22	7.19	3.55	5.06	4.25
Net Debt to EBITDA	4.40	4.58	4.81	4.94	6.14	5.77	6.68	3.37	4.85	3.61
Long-Term Debt to EBITDA	6.34	5.57	6.78	5.64	7.02	6.16	7.14	3.46	4.94	4.25
Debt to NOPAT	9.86	8.50	10.17	8.79	9.48	9.12	10.03	4.73	9.03	7.55
Net Debt to NOPAT	6.84	6.99	7.14	7.70	8.23	8.46	9.32	4.48	8.66	6.40
Long-Term Debt to NOPAT	9.86	8.50	10.07	8.79	9.41	9.02	9.96	4.60	8.82	7.55
Altman Z-Score	4.44	6.14	3.73	5.80	4.24	3.95	2.59	4.38	2.87	2.83
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.52	2.03	3.63	1.77	1.44	0.92	1.13	0.83	0.66	1.56
Quick Ratio	3.84	1.45	3.11	1.40	0.91	0.55	0.69	0.45	0.42	1.12
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	89	66	62	19	61	20	34	30	18	14
Operating Cash Flow to CapEx	328.84%	300.15%	383.55%	234.83%	5,234.03%	171.59%	973.63%	1,082.25%	1,064.15%	723.76%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	75.60	0.00	4.50	0.00	23.11	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	93.66	0.00	4.80	0.00	26.25	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	69.24	0.00	4.70	0.00	23.55	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.14	1.15	1.06	1.23	1.32	1.31	1.18	1.15	0.89	0.65
Accounts Receivable Turnover	39.03	42.07	43.46	47.39	49.25	36.51	29.65	34.33	31.30	26.96
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.76	5.82	5.89	6.85	8.92	11.04	21.63	24.63	21.54	18.98
Accounts Payable Turnover	15.71	14.21	11.92	12.66	13.87	13.48	14.24	17.91	18.68	16.14
Days Sales Outstanding (DSO)	9.35	8.68	8.40	7.70	7.41	10.00	12.31	10.63	11.66	13.54
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	23.24	25.69	30.61	28.84	26.32	27.07	25.63	20.38	19.54	22.62
Cash Conversion Cycle (CCC)	-13.89	-17.01	-22.21	-21.13	-18.91	-17.08	-13.32	-9.75	-7.88	-9.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	161	128	110	102	67	79	65	68	70	71
Invested Capital Turnover	4.33	3.86	3.37	3.35	3.41	2.78	2.31	1.94	1.47	1.09
Increase / (Decrease) in Invested Capital	33	18	8.69	35	-12	14	-3.06	-1.89	-1.07	-0.96
Enterprise Value (EV)	9,173	8,112	4,589	5,328	4,374	2,598	2,004	1,035	823	542
Market Capitalization	8,336	7,527	4,088	4,917	3,965	2,309	1,714	908	679	461
Book Value per Share	($23.13)	($15.55)	($13.07)	($10.38)	($11.50)	($7.11)	($7.67)	($2.01)	($2.60)	($0.34)
Tangible Book Value per Share	($27.03)	($19.23)	($16.55)	($13.73)	($14.80)	($10.36)	($10.49)	($4.73)	($5.89)	($3.70)
Total Capital	531	255	323	160	129	101	87	75	76	85
Total Debt	1,206	712	714	469	471	311	312	133	151	95
Total Long-Term Debt	1,206	712	707	469	467	308	309	130	147	95
Net Debt	837	585	501	411	408	288	290	126	144	81
Capital Expenditures (CapEx)	48	41	20	21	1.25	22	3.98	2.54	2.06	1.92
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-54	-41	-28	-36	-22	-16	-6.72	-8.40	-7.41
Debt-free Net Working Capital (DFNWC)	308	73	172	30	26	0.46	5.82	0.28	-2.12	7.05
Net Working Capital (NWC)	308	73	164	30	22	-2.74	3.42	-3.22	-5.62	7.05
Net Nonoperating Expense (NNE)	14	14	17	11	26	14	9.36	4.27	2.92	2.47
Net Nonoperating Obligations (NNO)	837	585	501	411	408	288	290	126	144	81
Total Depreciation and Amortization (D&A)	22	15	13	9.34	9.09	7.07	4.82	3.67	3.45	3.01
Debt-free, Cash-free Net Working Capital to Revenue	-9.79%	-11.66%	-11.58%	-9.83%	-14.63%	-11.07%	-10.62%	-5.04%	-8.13%	-9.51%
Debt-free Net Working Capital to Revenue	49.24%	15.94%	47.99%	10.79%	10.35%	0.23%	3.80%	0.21%	-2.05%	9.04%
Net Working Capital to Revenue	49.24%	15.94%	45.94%	10.79%	8.90%	-1.37%	2.24%	-2.41%	-5.44%	9.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.72	$2.36	$1.77	$1.43	$0.79	$0.70	$0.74	$0.94	$0.54	$0.37
Adjusted Weighted Average Basic Shares Outstanding	28.66M	29.77M	29.89M	29.77M	29.60M	29.42M	29.23M	29.03M	28.64M	27.50M
Adjusted Diluted Earnings per Share	$3.70	$2.35	$1.77	$1.42	$0.78	$0.69	$0.73	$0.93	$0.53	$0.36
Adjusted Weighted Average Diluted Shares Outstanding	28.66M	29.86M	29.96M	29.94M	29.80M	29.67M	29.59M	29.42M	28.98M	27.82M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.66M	29.34M	29.93M	29.84M	29.69M	29.46M	29.33M	29.11M	28.86M	28.58M
Normalized Net Operating Profit after Tax (NOPAT)	122	84	71	51	47	34	31	28	17	13
Normalized NOPAT Margin	19.42%	18.23%	19.89%	18.01%	18.88%	17.07%	20.29%	21.16%	16.15%	16.13%
Pre Tax Income Margin	23.52%	20.50%	19.39%	20.85%	10.83%	12.90%	17.58%	21.56%	21.25%	20.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	112.24	0.00	4.20	0.00	26.08	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	86.27	0.00	3.63	0.00	21.04	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	87.82	0.00	4.11	0.00	23.39	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	61.85	0.00	3.54	0.00	18.34	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.55%	35.49%	266.83%	46.47%	702.79%	57.35%	878.20%	17.00%	604.75%	474.96%
Augmented Payout Ratio	315.99%	214.19%	266.83%	46.47%	702.79%	57.35%	878.20%	17.00%	604.75%	474.96%

This table displays calculated financial ratios and metrics derived from Wingstop's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	9/24/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.36%	27.36%	38.76%	45.28%	34.09%	21.16%	26.36%	27.93%	42.67%	45.59%	40.87%
EBITDA Growth	-3.01%	45.67%	33.65%	56.73%	62.02%	4.68%	27.38%	19.00%	51.44%	88.63%	16.66%
EBIT Growth	-10.48%	44.35%	32.43%	57.31%	68.89%	4.19%	28.92%	18.59%	54.06%	100.12%	14.08%
NOPAT Growth	-10.21%	35.83%	26.25%	61.43%	65.90%	3.25%	28.22%	5.70%	54.02%	134.51%	29.90%
Net Income Growth	220.96%	42.20%	31.88%	69.86%	83.46%	6.92%	45.95%	21.60%	80.60%	155.16%	18.41%
EPS Growth	230.61%	42.19%	35.38%	72.22%	88.46%	8.47%	44.44%	22.73%	79.31%	168.18%	18.42%
Operating Cash Flow Growth	-43.36%	-79.55%	92.93%	194.87%	25.10%	64.01%	51.01%	34.85%	75.28%	546.68%	5.62%
Free Cash Flow Firm Growth	884.06%	-156.61%	1,351.89%	2,517.27%	-81.19%	-63.24%	129.13%	89.84%	255.18%	151.58%	-163.04%
Invested Capital Growth	-6.61%	25.95%	2.26%	9.33%	29.10%	16.00%	20.99%	19.24%	-0.72%	8.54%	31.45%
Revenue Q/Q Growth	5.73%	-0.42%	4.37%	6.80%	14.74%	8.50%	9.27%	-1.42%	3.68%	13.16%	10.62%
EBITDA Q/Q Growth	-8.73%	7.34%	-2.48%	0.86%	37.97%	-1.51%	14.35%	4.27%	-10.86%	19.85%	6.83%
EBIT Q/Q Growth	-11.29%	6.19%	-2.57%	-3.14%	44.05%	-2.58%	15.73%	3.99%	-11.14%	20.55%	6.46%
NOPAT Q/Q Growth	-6.01%	5.60%	-7.01%	-2.72%	42.18%	-1.85%	18.91%	-0.02%	-11.51%	21.88%	-1.98%
Net Income Q/Q Growth	244.88%	3.97%	-6.38%	-4.39%	52.80%	-3.57%	20.58%	3.27%	-10.95%	31.63%	0.46%
EPS Q/Q Growth	256.04%	3.41%	-5.38%	-5.10%	53.13%	-1.54%	20.37%	3.85%	-11.86%	31.11%	2.27%
Operating Cash Flow Q/Q Growth	226.71%	-88.78%	90.81%	-18.99%	17.98%	5.80%	191.63%	-65.63%	54.67%	-2.59%	160.43%
Free Cash Flow Firm Q/Q Growth	1,458.65%	-110.40%	34.21%	418.89%	-21.84%	166.73%	323.45%	-104.04%	52.76%	311.35%	22.10%
Invested Capital Q/Q Growth	-27.60%	29.78%	-8.52%	8.65%	-2.36%	5.38%	-2.20%	28.29%	-12.27%	9.92%	-3.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.65%	85.59%	85.00%	85.44%	85.41%	84.51%	84.95%	84.47%	84.64%	83.70%	83.03%
EBITDA Margin	26.45%	30.64%	28.43%	30.43%	32.22%	26.79%	29.52%	28.20%	26.66%	31.01%	29.28%
Operating Margin	22.36%	25.86%	24.50%	26.47%	29.32%	23.47%	26.18%	24.69%	23.61%	27.53%	25.99%
EBIT Margin	22.36%	26.65%	25.00%	26.78%	29.52%	23.52%	26.19%	24.73%	23.44%	27.35%	25.67%
Profit (Net Income) Margin	53.93%	16.53%	15.84%	17.65%	19.72%	14.81%	16.66%	15.10%	14.41%	16.78%	14.43%
Tax Burden Percent	74.90%	72.87%	72.51%	75.32%	74.67%	75.29%	74.61%	72.70%	74.93%	75.30%	74.07%
Interest Burden Percent	321.97%	85.12%	87.37%	87.53%	89.44%	83.63%	85.26%	83.99%	82.06%	81.48%	75.86%
Effective Tax Rate	25.10%	27.13%	27.49%	24.68%	25.33%	24.71%	25.39%	27.30%	25.07%	24.70%	25.94%
Return on Invested Capital (ROIC)	90.26%	81.55%	85.50%	83.72%	98.15%	68.21%	77.10%	64.99%	71.04%	69.93%	70.72%
ROIC Less NNEP Spread (ROIC-NNEP)	99.40%	81.03%	84.97%	83.05%	97.54%	67.54%	76.49%	64.39%	70.33%	69.02%	69.72%
Return on Net Nonoperating Assets (RNNOA)	-120.30%	-101.71%	-107.58%	-109.93%	-124.11%	-86.52%	-95.73%	-83.22%	-87.32%	-89.91%	-86.82%
Return on Equity (ROE)	-30.04%	-20.15%	-22.08%	-26.22%	-25.95%	-18.31%	-18.63%	-18.22%	-16.28%	-19.98%	-16.10%
Cash Return on Invested Capital (CROIC)	105.89%	61.64%	90.80%	74.40%	61.61%	55.50%	55.90%	50.80%	79.92%	58.06%	38.19%
Operating Return on Assets (OROA)	26.26%	30.49%	35.33%	32.36%	33.99%	26.98%	30.07%	24.15%	19.07%	29.04%	24.83%
Return on Assets (ROA)	63.32%	18.91%	22.38%	21.33%	22.70%	16.99%	19.13%	14.75%	11.73%	17.82%	13.95%
Return on Common Equity (ROCE)	-30.04%	-20.15%	-22.08%	-26.22%	-25.95%	-18.31%	-18.63%	-18.22%	-16.28%	-19.98%	-16.10%
Return on Equity Simple (ROE_SIMPLE)	-24.09%	0.00%	-22.52%	-21.61%	-19.17%	0.00%	-14.50%	-17.19%	-15.78%	0.00%	-10.39%
Net Operating Profit after Tax (NOPAT)	29	30	29	31	32	22	23	19	19	22	18
NOPAT Margin	16.75%	18.84%	17.77%	19.94%	21.89%	17.67%	19.53%	17.95%	17.69%	20.73%	19.25%
Net Nonoperating Expense Percent (NNEP)	-9.15%	0.53%	0.54%	0.67%	0.61%	0.67%	0.61%	0.60%	0.71%	0.91%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	5.83%	5.75%	-	-	-	8.80%	-	-	-	6.72%	-
Cost of Revenue to Revenue	13.35%	14.41%	15.00%	14.56%	14.59%	15.49%	15.05%	15.53%	15.36%	16.30%	16.97%
SG&A Expenses to Revenue	18.38%	19.30%	19.87%	18.05%	17.27%	22.10%	19.68%	20.65%	21.75%	17.49%	18.01%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.29%	59.73%	60.50%	58.96%	56.09%	61.04%	58.78%	59.79%	61.03%	56.16%	57.05%
Earnings before Interest and Taxes (EBIT)	38	43	41	42	43	30	31	27	25	29	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	50	46	47	47	34	35	30	29	33	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	9.86	13.32	20.40	22.73	21.65	16.36	12.28	14.45	14.02	11.43	11.44
Price to Earnings (P/E)	37.28	76.68	119.64	131.19	129.29	107.26	77.96	95.10	91.21	77.21	87.92
Dividend Yield	0.46%	0.34%	0.23%	0.21%	0.23%	0.32%	0.55%	0.48%	2.70%	3.72%	3.79%
Earnings Yield	2.68%	1.30%	0.84%	0.76%	0.77%	0.93%	1.28%	1.05%	1.10%	1.30%	1.14%
Enterprise Value to Invested Capital (EV/IC)	62.14	56.91	101.69	95.60	90.62	63.39	49.18	52.05	61.41	41.60	42.06
Enterprise Value to Revenue (EV/Rev)	11.14	14.66	21.37	23.78	22.78	17.63	13.64	15.63	15.24	12.84	13.00
Enterprise Value to EBITDA (EV/EBITDA)	39.02	48.25	72.34	79.65	77.66	63.47	47.29	54.37	52.12	44.04	47.48
Enterprise Value to EBIT (EV/EBIT)	45.01	54.45	81.35	89.33	87.04	72.09	53.65	61.87	59.26	50.23	54.82
Enterprise Value to NOPAT (EV/NOPAT)	60.59	74.99	110.52	119.87	117.38	96.83	71.91	82.83	77.26	65.35	73.09
Enterprise Value to Operating Cash Flow (EV/OCF)	52.46	58.20	67.27	84.02	86.73	66.71	55.91	68.22	64.91	60.20	87.96
Enterprise Value to Free Cash Flow (EV/FCFF)	56.68	102.93	113.25	134.23	165.77	122.67	96.34	111.44	76.56	74.58	125.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.69	-1.79	-1.60	-1.63	-1.64	-1.56	-1.50	-1.95	-1.88	-1.83	-1.76
Long-Term Debt to Equity	-1.69	-1.79	-1.60	-1.63	-1.64	-1.56	-1.50	-1.95	-1.86	-1.81	-1.74
Financial Leverage	-1.21	-1.26	-1.27	-1.32	-1.27	-1.28	-1.25	-1.29	-1.24	-1.30	-1.25
Leverage Ratio	-0.96	-0.97	-0.91	-1.12	-1.06	-0.95	-0.86	-1.08	-1.19	-0.96	-0.93
Compound Leverage Factor	-3.11	-0.82	-0.79	-0.98	-0.95	-0.79	-0.74	-0.91	-0.98	-0.78	-0.71
Debt to Total Capital	245.34%	227.32%	268.05%	258.69%	256.02%	279.39%	301.10%	205.57%	214.05%	220.90%	231.64%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.19%	2.26%	2.36%
Long-Term Debt to Total Capital	245.34%	227.32%	268.05%	258.69%	256.02%	279.39%	301.10%	205.57%	211.86%	218.64%	229.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-145.34%	-127.32%	-168.05%	-158.69%	-156.02%	-179.39%	-201.10%	-105.57%	-114.05%	-120.90%	-131.64%
Debt to EBITDA	6.49	6.34	4.09	4.38	4.89	5.57	5.64	5.98	6.25	6.85	8.05
Net Debt to EBITDA	4.48	4.40	3.27	3.52	3.84	4.58	4.73	4.12	4.18	4.81	5.70
Long-Term Debt to EBITDA	6.49	6.34	4.09	4.38	4.89	5.57	5.64	5.98	6.19	6.78	7.96
Debt to NOPAT	10.08	9.86	6.25	6.59	7.39	8.50	8.57	9.12	9.27	10.17	12.39
Net Debt to NOPAT	6.95	6.84	5.00	5.29	5.80	6.99	7.19	6.27	6.19	7.14	8.78
Long-Term Debt to NOPAT	10.08	9.86	6.25	6.59	7.39	8.50	8.57	9.12	9.17	10.07	12.26
Altman Z-Score	2.80	3.86	8.08	8.73	7.97	5.41	3.76	4.84	4.27	3.24	2.80
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.56	4.52	1.40	1.93	2.17	2.03	1.97	4.05	3.14	3.63	3.68
Quick Ratio	2.97	3.84	0.85	1.33	1.55	1.45	1.34	3.39	2.60	3.11	3.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	37	-2.72	26	19	3.75	4.80	1.80	-0.81	20	13	-6.18
Operating Cash Flow to CapEx	0.00%	47.34%	489.03%	351.21%	400.24%	301.91%	316.83%	96.74%	826.53%	463.55%	405.72%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.17	1.14	1.41	1.21	1.15	1.15	1.15	0.98	0.81	1.06	0.97
Accounts Receivable Turnover	40.57	39.03	40.92	40.71	41.81	42.07	42.14	45.99	47.21	43.46	43.64
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.29	5.76	5.81	5.86	5.82	5.82	5.93	5.93	6.06	5.89	5.78
Accounts Payable Turnover	15.96	15.71	11.42	13.70	11.32	14.21	15.83	14.33	10.94	11.92	15.49
Days Sales Outstanding (DSO)	9.00	9.35	8.92	8.97	8.73	8.68	8.66	7.94	7.73	8.40	8.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.88	23.24	31.95	26.65	32.25	25.69	23.06	25.47	33.37	30.61	23.56
Cash Conversion Cycle (CCC)	-13.88	-13.89	-23.03	-17.68	-23.52	-17.01	-14.40	-17.53	-25.64	-22.21	-15.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	117	161	124	136	125	128	121	124	97	110	100
Invested Capital Turnover	5.39	4.33	4.81	4.20	4.48	3.86	3.95	3.62	4.02	3.37	3.67
Increase / (Decrease) in Invested Capital	-8.26	33	2.75	12	28	18	21	20	-0.71	8.69	24
Enterprise Value (EV)	7,252	9,173	12,629	12,978	11,323	8,112	5,973	6,463	5,944	4,589	4,221
Market Capitalization	6,420	8,336	12,057	12,405	10,764	7,527	5,376	5,973	5,467	4,088	3,714
Book Value per Share	($24.94)	($23.13)	($15.27)	($14.90)	($14.80)	($15.55)	($15.86)	($12.19)	($12.69)	($13.07)	($13.59)
Tangible Book Value per Share	($28.69)	($27.03)	($19.17)	($18.59)	($18.47)	($19.23)	($19.39)	($15.74)	($16.16)	($16.55)	($16.96)
Total Capital	492	531	266	276	278	255	236	346	333	323	309
Total Debt	1,207	1,206	714	713	713	712	712	711	713	714	715
Total Long-Term Debt	1,207	1,206	714	713	713	712	712	711	705	707	708
Net Debt	832	837	572	573	559	585	597	490	477	501	507
Capital Expenditures (CapEx)	-9.31	16	14	10	11	13	11	13	4.32	4.98	5.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-66	-61	-95	-62	-61	-54	-49	-42	-59	-41	-39
Debt-free Net Working Capital (DFNWC)	233	308	47	78	92	73	66	179	177	172	170
Net Working Capital (NWC)	233	308	47	78	92	73	66	179	170	164	162
Net Nonoperating Expense (NNE)	-64	3.74	3.14	3.56	3.17	3.63	3.36	3.05	3.57	4.14	4.47
Net Nonoperating Obligations (NNO)	832	837	572	573	559	585	597	490	477	501	507
Total Depreciation and Amortization (D&A)	7.00	6.45	5.58	5.68	3.93	4.16	3.89	3.72	3.50	3.84	3.34
Debt-free, Cash-free Net Working Capital to Revenue	-10.12%	-9.79%	-16.03%	-11.31%	-12.35%	-11.66%	-11.30%	-10.28%	-15.08%	-11.58%	-11.94%
Debt-free Net Working Capital to Revenue	35.82%	49.24%	8.01%	14.34%	18.52%	15.94%	14.96%	43.39%	45.48%	47.99%	52.28%
Net Working Capital to Revenue	35.82%	49.24%	8.01%	14.34%	18.52%	15.94%	14.96%	43.39%	43.61%	45.94%	50.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.25	$0.92	$0.88	$0.94	$0.98	$0.64	$0.66	$0.54	$0.52	$0.58	$0.45
Adjusted Weighted Average Basic Shares Outstanding	27.90M	28.66M	29.27M	29.34M	29.35M	29.34M	29.75M	29.97M	29.95M	29.93M	29.92M
Adjusted Diluted Earnings per Share	$3.24	$0.91	$0.88	$0.93	$0.98	$0.64	$0.65	$0.54	$0.52	$0.59	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	27.90M	28.66M	29.38M	29.46M	29.48M	29.34M	29.82M	30.05M	30.03M	29.93M	29.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.90M	28.66M	29.21M	29.30M	29.37M	29.34M	29.41M	29.98M	29.97M	29.93M	29.92M
Normalized Net Operating Profit after Tax (NOPAT)	34	30	29	31	32	22	23	19	19	22	18
Normalized NOPAT Margin	19.61%	18.37%	17.77%	19.94%	21.89%	17.67%	19.54%	17.95%	17.75%	20.84%	19.44%
Pre Tax Income Margin	72.00%	22.69%	21.84%	23.44%	26.41%	19.67%	22.33%	20.77%	19.23%	22.28%	19.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.60%	26.55%	27.24%	27.65%	30.55%	35.49%	34.99%	36.95%	237.01%	266.83%	333.09%
Augmented Payout Ratio	270.41%	315.99%	91.11%	191.17%	30.55%	214.19%	216.62%	36.95%	237.01%	266.83%	333.09%

Frequently Asked Questions About Wingstop's Financials

When does Wingstop's fiscal year end?

According to the most recent income statement we have on file, Wingstop's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Wingstop's net income changed over the last 9 years?

Wingstop's net income appears to be on an upward trend, with a most recent value of $108.72 million in 2024, rising from $10.11 million in 2015. The previous period was $70.18 million in 2023. View Wingstop's forecast to see where analysts expect Wingstop to go next.

What is Wingstop's operating income?

Wingstop's total operating income in 2024 was $165.62 million, based on the following breakdown:

Total Gross Profit: $534.18 million
Total Operating Expenses: $368.56 million

How has Wingstop revenue changed over the last 9 years?

Over the last 9 years, Wingstop's total revenue changed from $77.97 million in 2015 to $625.81 million in 2024, a change of 702.6%.

How much debt does Wingstop have?

Wingstop's total liabilities were at $1.39 billion at the end of 2024, a 66.6% increase from 2023, and a 968.0% increase since 2015.

How much cash does Wingstop have?

In the past 9 years, Wingstop's cash and equivalents has ranged from $3.75 million in 2016 to $315.91 million in 2024, and is currently $315.91 million as of their latest financial filing in 2024.

How has Wingstop's book value per share changed over the last 9 years?

Over the last 9 years, Wingstop's book value per share changed from -0.34 in 2015 to -23.13 in 2024, a change of 6,734.2%.

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This page (NASDAQ:WING) was last updated on 5/21/2025 by MarketBeat.com Staff

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Wingstop (WING) Financials

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Wingstop (WING) Financials

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