Wingstop Inc. (WING) Financial Ratios
13 years of historical data (2013–2025) · Consumer Cyclical · Restaurants
EV/EBITDA
↓
21.93
↓-59% vs avg
5yr avg: 53.66
30Y Low32.1·High68.5
P/FCF
↓
34.78
↓-69% vs avg
5yr avg: 113.84
30Y Low42.6·High158.9
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
Debt/EBITDA
↑
6.12
↓-3% vs avg
5yr avg: 6.30
30Y Low3.6·High7.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WING Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Wingstop Inc. trades at 21.7x earnings, 75% below its 5-year average of 85.4x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 12%. On a free-cash-flow basis, the stock trades at 34.8x P/FCF, 69% below the 5-year average of 113.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $7.2B | $8.4B | $7.7B | $4.1B | $5.2B | $4.0B | $2.6B | $1.9B | $1.1B | $858M |
| Enterprise Value | $4.8B | $8.3B | $9.3B | $8.3B | $4.7B | $5.6B | $4.4B | $2.9B | $2.2B | $1.3B | $1.0B |
| P/E Ratio → | 21.72 | 41.25 | 77.13 | 109.18 | 77.75 | 121.69 | 169.94 | 124.97 | 87.93 | 41.91 | 55.83 |
| P/S Ratio | 5.27 | 10.32 | 13.40 | 16.65 | 11.53 | 18.32 | 15.88 | 12.81 | 12.40 | 8.60 | 8.30 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 34.78 | 68.09 | 79.35 | 94.85 | 78.85 | 248.09 | 66.42 | 158.94 | 54.59 | 46.79 | 42.65 |
| P/OCF | 24.00 | 46.99 | 53.20 | 63.00 | 54.09 | 105.86 | 60.29 | 66.31 | 48.99 | 42.40 | 38.69 |
P/E links to full P/E history page with 30-year chart
WING EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Wingstop Inc.'s enterprise value stands at 21.9x EBITDA, 59% below its 5-year average of 53.7x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 93% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 11.88 | 14.92 | 18.05 | 13.02 | 19.81 | 17.61 | 14.31 | 14.35 | 9.57 | 9.72 |
| EV / EBITDA | 21.93 | 38.13 | 50.43 | 65.98 | 45.27 | 68.51 | 67.52 | 59.07 | 51.32 | 34.26 | 33.92 |
| EV / EBIT | 24.79 | 43.10 | 55.41 | 73.78 | 51.42 | 75.75 | 100.23 | 66.62 | 59.34 | 37.68 | 38.12 |
| EV / FCF | — | 78.41 | 88.33 | 102.80 | 89.02 | 268.38 | 73.68 | 177.57 | 63.20 | 52.06 | 49.95 |
WING Profitability
Margins and return-on-capital ratios measuring operating efficiency
Wingstop Inc. earns an operating margin of 27.6%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 24.5% to 27.6% over the past 3 years, signaling improving operational efficiency. ROIC of 46.0% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.6% | 82.6% | 48.1% | 48.4% | 47.8% | 49.9% | 49.4% | 49.4% | 57.1% | 54.1% | 62.1% |
| Operating Margin | 27.6% | 27.6% | 26.5% | 24.5% | 25.7% | 26.1% | 23.1% | 21.5% | 25.2% | 25.4% | 25.8% |
| Net Profit Margin | 25.0% | 25.0% | 17.4% | 15.3% | 14.8% | 15.1% | 9.4% | 10.3% | 14.2% | 18.0% | 13.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | 24.7% | 24.7% | 19.9% | 17.5% | 15.7% | 18.5% | 12.3% | 13.4% | 16.7% | 20.7% | 11.8% |
| ROIC | 46.0% | 46.0% | 54.1% | 51.8% | 54.1% | 54.1% | 47.5% | 39.0% | 37.2% | 33.1% | 27.2% |
| ROCE | 31.0% | 31.0% | 35.4% | 33.7% | 32.2% | 39.8% | 39.0% | 34.8% | 36.0% | 34.6% | 26.1% |
WING Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Wingstop Inc. carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (39% above the sector average of 4.4x). Net debt stands at $1.1B ($1.3B total debt minus $239M cash). Interest coverage of 5.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 6.12 | 6.12 | 6.84 | 5.82 | 6.97 | 5.78 | 7.29 | 6.46 | 7.28 | 3.58 | 5.09 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 5.02 | 5.02 | 5.13 | 5.10 | 5.17 | 5.18 | 6.66 | 6.20 | 6.99 | 3.47 | 4.96 |
| Debt / FCF | — | 10.32 | 8.98 | 7.95 | 10.17 | 20.29 | 7.26 | 18.63 | 8.60 | 5.27 | 7.31 |
| Interest Coverage | 5.37 | 5.37 | 7.91 | 6.17 | 4.27 | 4.93 | 2.61 | 2.50 | 3.66 | 6.60 | 5.99 |
WING Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Wingstop Inc.'s current ratio of 3.26x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.03x to 3.26x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.26 | 3.26 | 4.52 | 2.03 | 3.63 | 1.77 | 1.44 | 0.92 | 1.13 | 0.84 | 0.66 |
| Quick Ratio | 3.26 | 3.26 | 4.52 | 2.03 | 3.63 | 1.76 | 1.43 | 0.91 | 1.12 | 0.83 | 0.65 |
| Cash Ratio | 2.91 | 2.91 | 3.61 | 1.27 | 2.96 | 1.22 | 0.81 | 0.39 | 0.47 | 0.22 | 0.22 |
| Asset Turnover | — | 1.00 | 0.87 | 1.22 | 0.84 | 1.13 | 1.18 | 1.20 | 1.10 | 1.11 | 0.92 |
| Inventory Turnover | — | — | — | 443.42 | 479.34 | 292.16 | 317.96 | 320.99 | 219.94 | 283.20 | 173.26 |
| Days Sales Outstanding | — | 10.91 | 11.47 | 9.84 | 9.66 | 10.48 | 12.51 | 10.68 | 13.73 | 19.35 | 11.30 |
WING Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Wingstop Inc. returns 6.9% to shareholders annually — split between a 0.9% dividend yield and 6.0% buyback yield. The payout ratio of 18.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 4.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.9% | 0.5% | 0.3% | 0.3% | 3.4% | 0.4% | 4.1% | 0.5% | 10.0% | 0.4% | 9.7% |
| Payout Ratio | 18.6% | 18.6% | 26.6% | 35.5% | 266.8% | 46.5% | 702.8% | 57.3% | 878.2% | 17.0% | 604.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 2.4% | 1.3% | 0.9% | 1.3% | 0.8% | 0.6% | 0.8% | 1.1% | 2.4% | 1.8% |
| FCF Yield | 2.9% | 1.5% | 1.3% | 1.1% | 1.3% | 0.4% | 1.5% | 0.6% | 1.8% | 2.1% | 2.3% |
| Buyback Yield | 6.0% | 3.1% | 3.8% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.9% | 3.5% | 4.1% | 2.0% | 3.4% | 0.4% | 4.1% | 0.5% | 10.1% | 0.4% | 9.7% |
| Shares Outstanding | — | $28M | $29M | $30M | $30M | $30M | $30M | $30M | $30M | $29M | $29M |
Peer Comparison
Compare WING with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WINGYou | $4B | 21.7 | 21.9 | 34.8 | 82.6% | 27.6% | — | 46.0% | 6.1 |
 SHAK | $3B | 63.5 | 17.3 | 49.3 | 18.0% | 5.9% | 8.7% | 6.0% | 4.7 |
 TXRH | $10B | 25.9 | 17.1 | 30.4 | 12.4% | 8.6% | 28.4% | 14.5% | 2.7 |
 BROS | $7B | 85.0 | 27.6 | 125.1 | 25.9% | 9.8% | 9.6% | 7.7% | 3.9 |
 CAVA | $10B | 156.5 | 77.5 | 375.5 | 67.4% | 6.5% | 8.6% | 5.0% | 3.6 |
 PTLO | $315M | 16.1 | 16.1 | — | 39.4% | 7.0% | 3.9% | 3.0% | 12.4 |
 NATH | $952M | 17.3 | 26.2 | 38.1 | 35.1% | 24.6% | — | 227.7% | 1.5 |
 QSR | $27B | 33.7 | 17.8 | 18.9 | 41.1% | 23.7% | 15.5% | 8.2% | 7.1 |
 MCD | $202B | 23.7 | 17.6 | 28.1 | 57.4% | 46.1% | — | 18.7% | 3.8 |
 YUM | $43B | 28.3 | 20.0 | 26.5 | 46.2% | 30.8% | — | 48.1% | 4.4 |
 JACK | $266M | -3.3 | 82.9 | 3.6 | 28.7% | -1.2% | — | -0.6% | 77.6 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
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Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonWING — Frequently Asked Questions
Quick answers to the most common questions about buying WING stock.
What is Wingstop Inc.'s P/E ratio?
Wingstop Inc.'s current P/E ratio is 21.7x. The historical average is 88.3x.
What is Wingstop Inc.'s EV/EBITDA?
Wingstop Inc.'s current EV/EBITDA is 21.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 49.7x.
Is WING stock overvalued?
Based on historical data, Wingstop Inc. is trading at a P/E of 21.7x. Compare with industry peers and growth rates for a complete picture.
What is Wingstop Inc.'s dividend yield?
Wingstop Inc.'s current dividend yield is 0.86% with a payout ratio of 18.6%.
What are Wingstop Inc.'s profit margins?
Wingstop Inc. has 82.6% gross margin and 27.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Wingstop Inc. have?
Wingstop Inc.'s Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.