Wingstop Inc
NASDAQ: WING · CONSUMER CYCLICAL · RESTAURANTS
Updated 2026-06-05
Wingstop Inc (WING) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2012 | $51.59M | $3.58M | 58.79% | 17.45% | 6.94% |
| 2013 | $59.00M | $7.53M | 62.41% | 25.22% | 12.76% |
| 2014 | $67.45M | $8.99M | 69.65% | 26.78% | 13.32% |
| 2015 | $77.97M | $10.11M | 71.50% | 25.29% | 12.96% |
| 2016 | $103.32M | $13.77M | 62.10% | 25.75% | 13.33% |
| 2017 | $133.32M | $23.94M | 54.12% | 25.41% | 17.96% |
| 2018 | $153.18M | $21.72M | 57.07% | 25.15% | 14.18% |
| 2019 | $199.68M | $20.48M | 49.36% | 21.49% | 10.25% |
| 2020 | $248.81M | $23.31M | 49.39% | 23.07% | 9.37% |
| 2021 | $282.50M | $42.66M | 49.95% | 26.11% | 15.10% |
| 2022 | $357.52M | $52.95M | 47.85% | 25.71% | 14.81% |
| 2023 | $460.06M | $70.17M | 48.43% | 24.47% | 15.25% |
| 2024 | $625.81M | $108.72M | 48.08% | 26.46% | 17.37% |
| 2025 | $696.85M | $174.27M | 82.62% | 27.58% | 25.01% |
Frequently asked questions
What is Wingstop Inc's revenue?
Wingstop Inc's trailing twelve-month revenue is $709.48M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is WING?
In its most recent fiscal year, WING ran a gross margin of 82.62%, an operating margin of 27.58%, and a net margin of 25.01%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does WING generate?
WING produced $105.62M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is WING's balance sheet healthy?
WING holds $238.71M in cash and equivalents against $1.21B in long-term debt, on $-736.76M of shareholder equity. That debt is best read against the cash flow the business throws off each year.