Wingstop Inc. (WING) Key Metrics
WING valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.59B
- Enterprise value
- $3.81B
- P/E (TTM)
- 31.2 10-yr median 82.7
- Forward P/E
- 18.2
- PEG ratio
- 1.22
- Price / sales
- 5.0 10-yr median 12.6
- Price / book
- —
- EV / EBITDA
- 16.8 10-yr median 51.3
- Dividend yield
- 1.00% $1.32 a year
- Beta
- 1.81
WING key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWING valuation Price multiples at each fiscal year-end price.
WING returns How much profit the business earns on the capital it uses.
WING per-share figures Results divided by the shares outstanding at year-end.
WING financial health Debt, liquidity and how easily interest is covered.
WING efficiency & capital use Working capital cycle and where the cash goes.
WING valuation history
WING returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WING debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WING cash returned to shareholders
WING price vs earnings per share
WING key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.70B | $8.35B | $7.66B | $4.12B | $5.17B | $3.95B | $2.56B | $1.90B | $1.15B | $857.6M |
| Enterprise value | $7.77B | $9.30B | $8.30B | $4.66B | $5.60B | $4.38B | $2.86B | $2.20B | $1.28B | $1.00B |
| P/E ratio | 38.4 | 76.8 | 109.2 | 77.9 | 121.3 | 169.5 | 124.9 | 87.4 | 47.9 | 62.3 |
| Price / sales | 9.6 | 13.3 | 16.7 | 11.5 | 18.3 | 15.9 | 12.8 | 12.4 | 8.6 | 8.3 |
| Price / free cash flow | 63.4 | 79.0 | 94.8 | 78.8 | 248.1 | 66.4 | 158.9 | 54.6 | 46.8 | 42.6 |
| Price / operating cash flow | 43.7 | 53.0 | 63.0 | 54.1 | 105.9 | 60.3 | 66.3 | 49.0 | 42.4 | 38.7 |
| EV / sales | 11.1 | 14.9 | 18.0 | 13.0 | 19.8 | 17.6 | 14.3 | 14.4 | 9.6 | 9.7 |
| EV / EBITDA | 26.1 | 49.5 | 66.0 | 45.9 | 68.4 | 85.5 | 59.1 | 53.2 | 34.3 | 34.2 |
| EV / free cash flow | 73.6 | 88.0 | 102.8 | 89.0 | 268.4 | 73.7 | 177.6 | 63.2 | 52.1 | 50.0 |
| Earnings yield | 2.6% | 1.3% | 0.9% | 1.3% | 0.8% | 0.6% | 0.8% | 1.1% | 2.1% | 1.6% |
| Free cash flow yield | 1.6% | 1.3% | 1.1% | 1.3% | 0.4% | 1.5% | 0.6% | 1.8% | 2.1% | 2.3% |
| Dividend yield | 0.5% | 0.3% | 0.3% | 3.4% | 0.4% | 4.1% | 0.5% | 10.0% | 0.4% | 9.7% |
| Shareholder yield (dividends + buybacks) | 3.8% | 4.1% | 2.0% | 3.4% | 0.4% | 4.1% | 0.5% | 10.1% | 0.4% | 9.7% |
| Share price at fiscal year-end | $238.49 | $284.20 | $256.58 | $137.62 | $172.80 | $132.55 | $86.23 | $64.19 | $38.98 | $29.59 |
| Per share | ||||||||||
| Revenue per share | $24.82 | $21.30 | $15.41 | $11.93 | $9.43 | $8.35 | $6.73 | $5.18 | $4.53 | $3.56 |
| Earnings per share | $6.21 | $3.70 | $2.35 | $1.77 | $1.42 | $0.78 | $0.69 | $0.73 | $0.81 | $0.48 |
| Operating cash flow per share | $5.45 | $5.36 | $4.07 | $2.54 | $1.63 | $2.20 | $1.30 | $1.31 | $0.92 | $0.76 |
| Free cash flow per share | $3.76 | $3.60 | $2.71 | $1.75 | $0.70 | $2.00 | $0.54 | $1.18 | $0.83 | $0.69 |
| Cash per share | $7.00 | $10.75 | $3.02 | $6.16 | $1.62 | $1.37 | $0.43 | $0.42 | $0.14 | $0.13 |
| Book value per share | −$26.24 | −$22.99 | −$15.32 | −$13.04 | −$10.34 | −$11.45 | −$7.06 | −$7.60 | −$1.64 | −$2.57 |
| Tangible book value per share | −$30.40 | −$26.87 | −$18.94 | −$16.52 | −$13.67 | −$14.74 | −$10.29 | −$10.86 | −$4.86 | −$5.84 |
| Dividends per share | $1.15 | $0.98 | $0.83 | $4.72 | $0.66 | $5.50 | $0.40 | $6.45 | $0.14 | $2.87 |
| Capex per share | $1.69 | $1.77 | $1.37 | $0.80 | $0.94 | $0.20 | $0.76 | $0.13 | $0.09 | $0.07 |
| Debt per share | $45.25 | $43.07 | $24.53 | $23.91 | $15.76 | $15.87 | $10.54 | $10.54 | $4.53 | $5.20 |
| Shares outstanding | 28.1M | 29.4M | 29.9M | 30.0M | 29.9M | 29.8M | 29.7M | 29.6M | 29.4M | 29.0M |
| Change in shares outstanding | −4.5% | −1.6% | −0.4% | +0.1% | +0.5% | +0.5% | +0.3% | +0.6% | +1.5% | +4.2% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 46.2% | 53.3% | 51.4% | 55.1% | 52.2% | 54.8% | 41.4% | 40.0% | 36.8% | 22.4% |
| Return on assets (ROA) | 24.7% | 19.9% | 17.5% | 15.7% | 18.5% | 12.3% | 13.4% | 16.7% | 20.7% | 11.8% |
| Return on tangible assets | 30.2% | 18.0% | 26.0% | 16.5% | 28.6% | 20.5% | 29.1% | 50.3% | 95.7% | 80.7% |
| Free cash flow margin | 15.2% | 16.9% | 17.6% | 14.6% | 7.4% | 23.9% | 8.1% | 22.7% | 18.4% | 19.5% |
| Income quality (OCF / net income) | 0.88 | 1.45 | 1.73 | 1.44 | 1.15 | 2.81 | 1.88 | 1.79 | 1.13 | 1.61 |
| Financial health | ||||||||||
| Total debt | $1.27B | $1.27B | $732.5M | $716.4M | $471.8M | $472.9M | $312.7M | $311.8M | $133.3M | $150.7M |
| Cash & short-term investments | $196.6M | $315.9M | $90.2M | $184.5M | $48.6M | $40.9M | $12.8M | $12.5M | $4.1M | $3.8M |
| Net debt | $1.07B | $949.5M | $642.3M | $531.9M | $423.3M | $432.1M | $299.8M | $299.3M | $129.3M | $147.0M |
| Debt / assets | 1.83 | 1.77 | 1.94 | 1.69 | 1.89 | 2.24 | 1.88 | 2.23 | 1.11 | 1.35 |
| Net debt / EBITDA | 3.60 | 5.05 | 5.11 | 5.24 | 5.17 | 8.43 | 6.20 | 7.24 | 3.47 | 5.01 |
| Current ratio | 3.26 | 4.52 | 2.03 | 3.63 | 1.77 | 1.44 | 0.92 | 1.13 | 0.84 | 0.66 |
| Quick ratio | 3.26 | 4.52 | 2.03 | 3.63 | 1.76 | 1.43 | 0.91 | 1.12 | 0.83 | 0.65 |
| Interest coverage | 5.4 | 7.8 | 6.2 | 4.3 | 4.9 | 3.4 | 2.5 | 3.8 | 6.6 | 6.1 |
| Working capital | $185.5M | $308.2M | $73.3M | $164.3M | $30.5M | $22.1M | −$2.7M | $3.4M | −$3.0M | −$5.6M |
| Invested capital | $337.1M | $273.9M | $184.9M | $141.1M | $113.7M | $90.8M | $90.4M | $74.5M | $81.0M | $72.3M |
| Tangible asset value | −$853.3M | −$789.5M | −$565.5M | −$495.1M | −$409.4M | −$439.3M | −$305.2M | −$321.4M | −$153.2M | −$169.4M |
| Net current asset value | −$1.16B | −$996.2M | −$690.8M | −$588.4M | −$488.6M | −$480.3M | −$345.4M | −$334.7M | −$162.3M | −$175.3M |
| Graham net-net per share | −$43.38 | −$36.11 | −$24.63 | −$20.80 | −$16.85 | −$16.96 | −$12.07 | −$11.75 | −$5.74 | −$6.22 |
| Capital allocation | ||||||||||
| Dividends paid | $32.4M | $28.9M | $24.9M | $141.3M | $19.8M | $163.8M | $11.7M | $190.7M | $4.1M | $83.3M |
| Share buybacks (net) | $221.9M | $314.7M | $125.4M | $0 | $0 | $0 | $0 | $183,000 | $0 | $0 |
| Dividend payout ratio | 18.6% | 26.6% | 35.5% | 266.8% | 46.5% | 702.8% | 57.3% | 878.2% | 17.0% | 604.7% |
| Dividends + buybacks / free cash flow | 240.7% | 325.1% | 186.1% | 270.1% | 95.0% | 275.4% | 72.9% | 548.8% | 16.6% | 414.1% |
| Capex / revenue | 6.8% | 8.3% | 8.9% | 6.7% | 9.9% | 2.4% | 11.3% | 2.6% | 1.9% | 2.0% |
| Capex / operating cash flow | 31.0% | 32.9% | 33.6% | 31.4% | 57.3% | 9.2% | 58.3% | 10.3% | 9.4% | 9.3% |
| Capex / depreciation | 1.89 | 2.66 | 3.08 | 2.20 | 3.53 | 0.81 | 4.10 | 0.92 | 0.75 | 0.68 |
| Stock-based compensation / revenue | 3.6% | 3.5% | 3.4% | 1.2% | 3.4% | 3.4% | 3.5% | 2.4% | 1.4% | 1.2% |
| SG&A / revenue | 18.4% | 18.7% | 21.1% | 18.8% | 22.3% | 27.7% | 28.7% | 29.1% | 26.2% | 33.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 10.6 | 9.4 | 8.7 | 8.4 | 10.0 | 10.5 | 10.6 | 15.3 | 14.1 | 11.7 |
| Days of inventory on hand | — | — | 0.7 | 0.9 | 1.1 | 1.0 | 1.1 | 1.4 | 1.3 | 1.9 |
| Days payables outstanding | 29.8 | 6.6 | 7.6 | 10.4 | 11.7 | 10.2 | 11.0 | 12.5 | 9.6 | 13.1 |
| Cash conversion cycle (days) | -19.2 | 2.8 | 1.7 | -1.2 | -0.5 | 1.4 | 0.7 | 4.2 | 5.8 | 0.4 |
| Receivables turnover | 34.43 | 39.03 | 42.07 | 43.46 | 36.40 | 34.62 | 34.41 | 23.88 | 25.97 | 31.30 |
| Payables turnover | 12.24 | 55.70 | 47.71 | 35.07 | 31.17 | 35.94 | 33.16 | 29.21 | 38.11 | 27.79 |
| Inventory turnover | — | — | 513.48 | 427.18 | 321.38 | 354.18 | 329.36 | 255.39 | 276.80 | 191.95 |
| Asset turnover | 0.99 | 1.14 | 1.15 | 1.06 | 1.23 | 1.32 | 1.31 | 1.18 | 1.15 | 0.89 |
| Average receivables | $20.2M | $16.0M | $10.9M | $8.2M | $7.8M | $7.2M | $5.8M | $6.4M | $5.1M | $3.3M |
| Average payables | $9.9M | $5.8M | $5.0M | $5.3M | $4.5M | $3.5M | $3.0M | $2.3M | $1.6M | $1.4M |
| Average inventory | — | — | $462,000 | $436,500 | $440,000 | $355,500 | $307,000 | $257,500 | $221,000 | $204,000 |
| Intangibles / total assets | 16.8% | 15.9% | 28.6% | 24.6% | 40.1% | 46.3% | 57.7% | 69.1% | 79.1% | 84.7% |
Computed from WING's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WING valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Wingstop traded at 38.4 times earnings, against a 10-year median of 82.7. Based on the latest twelve months, the trailing P/E is 31.2 and the forward P/E is 18.2. Wingstop earned a return on invested capital of 46.2% in fiscal 2025. It ended the year with $1.3 billion of debt and $196.6 million in cash and short-term investments, net debt of $1.1 billion. It returned $254.2 million to shareholders: $32.4 million in dividends and $221.9 million in share buybacks, 241% of free cash flow. The share count fell 3.1% from 29.0M to 28.1M over 9 years.
See the WING income statement, the WING chart for price history, or the WING stock overview for the latest quote and news.
WING key metrics FAQ
What is Wingstop's P/E ratio?
Wingstop's trailing P/E ratio is 31.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.2. At the end of fiscal 2025 it was 38.4, compared with a 10-year median of 82.7.
What is Wingstop's EV/EBITDA?
Wingstop's enterprise value was 26.1 times EBITDA at the end of fiscal 2025 (enterprise value $7.8 billion, EBITDA $298.0 million); the current EV/EBITDA is 16.8.
What is Wingstop's ROIC?
Wingstop's return on invested capital was 46.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Wingstop have?
Wingstop had total debt of $1.3 billion at the end of fiscal 2025 and $1.1 billion of net debt (3.60 times EBITDA).
What is Wingstop's dividend yield?
Wingstop's forward dividend yield is 1.00%. Wingstop paid $32.4 million in dividends in fiscal 2025 ($1.15 per share), a payout ratio of 18.6%.
Does Wingstop buy back its shares?
Yes. Wingstop spent $221.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.5% over the year, to 28.1M..
What is Wingstop's free cash flow yield?
Wingstop generated $105.6 million of free cash flow in fiscal 2025, a free cash flow yield of 1.6% on its market value at year-end ($6.7 billion).
What is Wingstop's current ratio?
Wingstop's current ratio was 3.26 at the end of fiscal 2025: current assets were 3.26 times current liabilities.