Balance Sheet Wingstop Inc.

Equities

WING

US9741551033

Restaurants & Bars

Market Closed - Nasdaq Other stock markets 04:00:00 2026-04-17 pm EDT			5-day change	1st Jan Change
196.34 ^USD	+5.53%		+9.14%	-17.67%

Apr. 15	Wingstop Inc. Brings Back Wingstop Hot Box With Fiery Nacho Flavor	CI
Apr. 06	Morgan Stanley Cuts Price Target on Wingstop to $265 From $345, Keeps Overweight Rating	MT

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Published financial data: WINGSTOP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	283M	358M	460M	626M	697M
Total Revenues	283M	358M	460M	626M	697M
Cost of Goods Sold, Total	141M	186M	237M	325M	358M
Gross Profit	141M	171M	223M	301M	339M
Selling General & Admin Expenses, Total	62.9M	67.06M	91.75M	115M	122M
Depreciation & Amortization - (IS)	7.94M	10.9M	13.24M	19.49M	25.07M
Other Operating Expenses, Total	70.84M	77.96M	105M	135M	147M
Operating Income	70.26M	93.1M	118M	166M	192M
Interest Expense, Total	-14.98M	-21.23M	-18.23M	-21.29M	-35.78M
Interest And Investment Income	-	-	-	-	93.68M
Net Interest Expenses	-14.98M	-21.23M	-18.23M	-21.29M	57.9M
Other Non Operating Income (Expenses)	135K	-573K	-57K	2.87M	-
EBT, Excl. Unusual Items	55.41M	71.29M	99.56M	148M	250M
Gain (Loss) On Sale Of Assets	3.5M	-1.16M	-95K	1.04M	-6.54M
Other Unusual Items	-	-814K	-5.15M	-1.71M	-6.34M
EBT, Incl. Unusual Items	58.91M	69.32M	94.31M	147M	237M
Income Tax Expense	16.25M	16.37M	24.14M	38.47M	62.92M
Earnings From Continuing Operations	42.66M	52.95M	70.18M	109M	174M
Net Income to Company	42.66M	52.95M	70.18M	109M	174M
Net Income - (IS)	42.66M	52.95M	70.18M	109M	174M
Net Income to Common Incl Extra Items	42.66M	52.95M	70.18M	109M	174M
Net Income to Common Excl. Extra Items	42.66M	52.95M	70.18M	109M	174M
Per Share Items
Net EPS - Basic	1.43	1.77	2.36	3.72	6.23
Basic EPS - Continuing Operations	1.43	1.77	2.36	3.72	6.23
Basic Weighted Average Shares Outstanding	29.77M	29.89M	29.77M	29.26M	27.97M
Net EPS - Diluted	1.42	1.77	2.35	3.7	6.21
Diluted EPS - Continuing Operations	1.42	1.77	2.35	3.7	6.21
Diluted Weighted Average Shares Outstanding	29.94M	29.96M	29.86M	29.38M	28.07M
Normalized Basic EPS	1.16	1.49	2.09	3.16	5.59
Normalized Diluted EPS	1.16	1.49	2.08	3.15	5.57
Dividend Per Share	0.62	0.72	0.82	0.98	1.14
Payout Ratio	46.47	41.13	35.49	26.55	18.58
Supplemental Items
EBITDA	78.2M	104M	131M	186M	217M
EBITA	72.56M	95.3M	121M	170M	196M
EBIT	70.26M	93.1M	118M	166M	192M
EBITDAR	81.02M	108M	135M	194M	226M
Total Revenues (As Reported)	283M	358M	460M	626M	697M
Effective Tax Rate - (Ratio)	27.58	23.62	25.59	26.14	26.53
Current Domestic Taxes	13.03M	19.29M	23.98M	38.99M	25.94M
Current Foreign Taxes	263K	328K	610K	1.3M	1.12M
Total Current Taxes	13.3M	19.62M	24.59M	40.28M	27.06M
Deferred Domestic Taxes	2.95M	-3.25M	-459K	-1.81M	34.87M
Deferred Foreign Taxes	-	-	-	-	997K
Total Deferred Taxes	2.95M	-3.25M	-459K	-1.81M	35.86M
Normalized Net Income	34.63M	44.56M	62.22M	92.42M	156M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Net Rental Expense, Total	2.82M	3.69M	4.26M	7.8M	8.8M
Imputed Operating Lease Interest Expense	702K	1.03M	848K	1.33M	1.99M
Imputed Operating Lease Depreciation	2.12M	2.66M	3.41M	6.47M	6.81M
Stock-Based Comp., SG&A Exp. (Total)	9.63M	4.2M	15.56M	22.06M	24.88M
Total Stock-Based Compensation	9.63M	4.2M	15.56M	22.06M	24.88M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	48.58M	184M	90.22M	316M	197M
Total Cash And Short Term Investments	48.58M	184M	90.22M	316M	197M
Accounts Receivable, Total	5.08M	7.42M	11.03M	16.22M	17.81M
Other Receivables	3.03M	2.04M	1.38M	3.44M	3.01M
Total Receivables	8.11M	9.46M	12.41M	19.66M	20.82M
Inventory	484K	389K	535K	-	-
Prepaid Expenses	2.53M	2.74M	3.57M	6.52M	7.96M
Restricted Cash	3.45M	21.22M	29.46M	43.66M	31.88M
Other Current Assets, Total	6.99M	8.37M	8.16M	9.86M	10.26M
Total Current Assets	70.15M	227M	144M	396M	267M
Gross Property Plant And Equipment	92.34M	114M	152M	221M	237M
Accumulated Depreciation	-22.8M	-31.46M	-41.85M	-46.38M	-57.86M
Net Property Plant And Equipment	69.54M	82.46M	110M	175M	179M
Long-term Investments	-	-	-	-	87.16M
Goodwill	56.88M	62.51M	67.71M	74.72M	83.88M
Other Intangibles, Total	46.24M	46.11M	48.68M	52.06M	56.87M
Other Long-Term Assets, Total	6.4M	6.43M	6.71M	18.85M	18.79M
Total Assets	249M	424M	378M	716M	693M
Liabilities
Accounts Payable, Total	5.41M	5.22M	4.72M	6.94M	12.85M
Accrued Expenses, Total	26.82M	35.17M	54.18M	73.48M	58.96M
Current Portion of Long-Term Debt	-	7.3M	-	-	-
Current Portion of Leases	2.44M	2.28M	2.38M	1.06M	3.23M
Current Income Taxes Payable	-	6.4M	2.95M	-	-
Unearned Revenue Current, Total	5.01M	6.04M	6.77M	5.96M	6.93M
Total Current Liabilities	39.68M	62.41M	71M	87.44M	81.96M
Long-Term Debt	469M	707M	712M	1.21B	1.21B
Long-Term Leases	13.79M	14.34M	17.81M	58.17M	58.08M
Unearned Revenue Non Current	28.02M	27.05M	30.14M	38.88M	47.72M
Deferred Tax Liability Non Current	7.43M	4.18M	3.72M	1.08M	33.14M
Other Non Current Liabilities	411K	219K	187K	57K	169K
Total Liabilities	559M	815M	835M	1.39B	1.43B
Common Stock, Total	299K	300K	293K	287K	275K
Additional Paid In Capital	463K	2.8M	2.68M	1.57M	1.53M
Retained Earnings	-310M	-393M	-460M	-677M	-745M
Comprehensive Income and Other	-256K	-637K	-341K	-501K	6.35M
Total Common Equity	-310M	-391M	-457M	-676M	-737M
Total Equity	-310M	-391M	-457M	-676M	-737M
Total Liabilities And Equity	249M	424M	378M	716M	693M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.84M	29.93M	29.34M	28.66M	27.48M
ECS Total Common Shares Outstanding	29.84M	29.93M	29.34M	28.66M	27.48M
Book Value / Share	-10.37	-13.06	-15.59	-23.57	-26.81
Tangible Book Value	-413M	-499M	-574M	-802M	-878M
Tangible Book Value Per Share	-13.83	-16.69	-19.56	-27.99	-31.93
Total Debt	486M	731M	733M	1.27B	1.27B
Net Debt	437M	546M	642M	950M	1.07B
Debt Equivalent Oper. Leases	22.58M	29.54M	34.05M	62.4M	70.39M
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	2.83M	2.83M	2.83M	2.83M	-
Buildings, Total	15.77M	15.77M	15.77M	15.77M	-
Machinery, Total	27.67M	33.41M	41.27M	21.9M	27.04M
Full Time Employees	240	239	271	325	345
Part Time Employees	650	792	954	1.01K	1.02K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	42.66M	52.95M	70.18M	109M	174M
Depreciation & Amortization - CF	5.64M	8.7M	10.54M	16.19M	20.77M
Amortization of Goodwill and Intangible Assets - (CF)	2.3M	2.2M	2.7M	3.3M	4.3M
Depreciation & Amortization, Total	7.94M	10.9M	13.24M	19.49M	25.07M
Amortization of Deferred Charges, Total - (CF)	1.4M	1.94M	2.04M	2.15M	3.13M
(Gain) Loss From Sale Of Asset	-3.5M	1.16M	95K	-1.04M	6.54M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-92.48M
Stock-Based Compensation (CF)	9.63M	4.2M	15.56M	22.06M	24.88M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	2.95M	-2.44M	-1.55M	-1.81M	27.1M
Change In Accounts Receivable	-2.14M	-2.47M	-2.95M	-7.25M	-1.16M
Change In Accounts Payable	-268K	5.1M	10.63M	2.93M	3.36M
Change in Unearned Revenues	3.39M	-712K	3.59M	9.25M	9.94M
Change in Other Net Operating Assets	-13.19M	5.6M	10.76M	3.12M	-27.56M
Cash from Operations	48.88M	76.24M	122M	158M	153M
Capital Expenditure	-28.02M	-23.94M	-40.83M	-51.93M	-47.44M
Sale of Property, Plant, and Equipment	7.21M	4.06M	320K	4M	17.33M
Cash Acquisitions	-4.88M	-7.81M	-10.83M	-14.05M	-18.53M
Investment in Marketable and Equity Securities, Total	-4.16M	-997K	-808K	-500K	31.19M
Cash from Investing	-29.85M	-28.68M	-52.15M	-62.48M	-17.46M
Long-Term Debt Issued, Total	-	250M	-	500M	-
Total Debt Issued	-	250M	-	500M	-
Long-Term Debt Repaid, Total	-2.4M	-3.02M	-3.65M	-	-
Total Debt Repaid	-2.4M	-3.02M	-3.65M	-	-
Issuance of Common Stock	748K	3.32M	951K	1.56M	1.37M
Repurchase of Common Stock	-1.92M	-315K	-128M	-319M	-236M
Common Dividends Paid	-19.82M	-21.78M	-24.91M	-28.87M	-32.38M
Common & Preferred Stock Dividends Paid	-19.82M	-21.78M	-24.91M	-28.87M	-32.38M
Special Dividend Paid	-	-120M	-	-	-
Other Financing Activities, Total	-	-5.44M	-	-8.83M	-
Cash from Financing	-23.39M	103M	-155M	145M	-267M
Net Change in Cash	-4.36M	151M	-86.04M	240M	-131M
Supplemental Items
Cash Interest Paid	15.04M	20.48M	22.74M	22.7M	52.15M
Cash Income Tax Paid (Refund)	10.42M	13.58M	27.92M	38.84M	27.4M
Levered Free Cash Flow	28.45M	33M	56.11M	74.58M	105M
Unlevered Free Cash Flow	36.41M	44.33M	65.46M	85.73M	124M
Change In Net Working Capital	-2.95M	5.02M	-3.84M	7.82M	-1.14M
Net Debt Issued / Repaid	-2.4M	247M	-3.65M	500M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	19.06	17.28	18.37	19	17.04
Return on Total Capital	28.04	22.55	23.95	24.03	21.38
Return On Equity %	-13.11	-15.12	-16.55	-19.19	-24.68
Return on Common Equity	-13.11	-15.12	-16.55	-19.19	-24.68
Margin Analysis
Gross Profit Margin %	49.95	47.85	48.43	48.08	48.68
SG&A Margin	22.26	18.76	19.94	18.39	17.51
EBITDA Margin %	27.68	29.09	28.49	29.69	31.17
EBITA Margin %	25.68	26.65	26.2	27.1	28.19
EBIT Margin %	24.87	26.04	25.61	26.57	27.58
Income From Continuing Operations Margin %	15.1	14.81	15.25	17.37	25.01
Net Income Margin %	15.1	14.81	15.25	17.37	25.01
Net Avail. For Common Margin %	15.1	14.81	15.25	17.37	25.01
Normalized Net Income Margin	12.26	12.46	13.52	14.77	22.43
Levered Free Cash Flow Margin	10.07	9.23	12.2	11.92	15
Unlevered Free Cash Flow Margin	12.89	12.4	14.23	13.7	17.76
Asset Turnover
Asset Turnover	1.23	1.06	1.15	1.14	0.99
Fixed Assets Turnover	5.44	4.7	4.77	4.39	3.93
Receivables Turnover (Average Receivables)	61.97	57.21	49.87	45.94	40.96
Inventory Turnover (Average Inventory)	321.38	427.18	513.48	-	-
Short Term Liquidity
Current Ratio	1.77	3.63	2.03	4.52	3.26
Quick Ratio	1.43	3.11	1.45	3.84	2.65
Operating Cash Flow to Current Liabilities	1.23	1.22	1.71	1.8	1.87
Days Sales Outstanding (Average Receivables)	5.87	6.48	7.3	7.92	8.89
Days Outstanding Inventory (Average Inventory)	1.13	0.87	0.71	-	-
Average Days Payable Outstanding	11.67	10.58	7.62	6.54	10.07
Cash Conversion Cycle (Average Days)	-4.66	-3.23	0.38	-	-
Long Term Solvency
Total Debt/Equity	-156.89	-186.96	-160.16	-187.31	-172.43
Total Debt / Total Capital	275.77	214.99	266.23	214.54	238.06
LT Debt/Equity	-156.1	-184.51	-159.64	-187.15	-171.99
Long-Term Debt / Total Capital	274.38	212.17	265.36	214.36	237.46
Total Liabilities / Total Assets	224.21	192.14	221.05	194.32	206.25
EBIT / Interest Expense	4.69	4.39	6.47	7.81	5.37
EBITDA / Interest Expense	5.41	5.07	7.42	9.09	6.32
(EBITDA - Capex) / Interest Expense	3.54	3.94	5.18	6.65	4.99
Total Debt / EBITDA	5.99	6.79	5.41	6.54	5.62
Net Debt / EBITDA	5.39	5.07	4.75	4.91	4.75
Total Debt / (EBITDA - Capex)	9.16	8.73	7.75	8.93	7.11
Net Debt / (EBITDA - Capex)	8.25	6.52	6.8	6.7	6.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.54	26.56	28.68	36.03	11.35
Gross Profit, 1 Yr. Growth %	14.81	21.23	30.26	35.02	12.76
EBITDA, 1 Yr. Growth %	26.51	32.98	24.99	41.73	16.73
EBITA, 1 Yr. Growth %	28.2	31.34	25.34	40.69	15.63
EBIT, 1 Yr. Growth %	29.4	32.51	25.4	41.12	15.34
Earnings From Cont. Operations, 1 Yr. Growth %	83.03	24.12	32.54	54.92	60.29
Net Income, 1 Yr. Growth %	83.03	24.12	32.54	54.92	60.29
Normalized Net Income, 1 Yr. Growth %	47.7	28.67	37.95	48.53	68.75
Diluted EPS Before Extra, 1 Yr. Growth %	82.05	24.65	32.77	57.45	67.84
Accounts Receivable, 1 Yr. Growth %	25.64	46.17	48.61	47.04	9.85
Inventory, 1 Yr. Growth %	22.22	-19.63	37.53	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	103.07	18.59	33.86	58.54	2.41
Total Assets, 1 Yr. Growth %	17.79	70.22	-10.93	89.57	-3.19
Tangible Book Value, 1 Yr. Growth %	-7.13	21.04	14.87	39.85	9.36
Common Equity, 1 Yr. Growth %	-9.31	26.28	17.02	47.71	9.06
Cash From Operations, 1 Yr. Growth %	-25.41	55.98	59.5	29.61	-2.88
Capital Expenditures, 1 Yr. Growth %	363	-14.56	70.56	27.17	-8.64
Levered Free Cash Flow, 1 Yr. Growth %	-23.49	15.99	67.27	32.92	39.77
Unlevered Free Cash Flow, 1 Yr. Growth %	-21.02	21.74	45.87	30.98	44.01
Dividend Per Share, 1 Yr. Growth %	24	16.13	13.89	19.51	16.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.95	19.87	27.61	32.3	23.07
Gross Profit, 2 Yr. CAGR %	19.65	17.98	25.67	32.62	23.39
EBITDA, 2 Yr. CAGR %	27.13	29.71	29.47	33.66	31.34
EBITA, 2 Yr. CAGR %	26.56	29.76	28.89	33.4	30.48
EBIT, 2 Yr. CAGR %	27.97	30.94	29.51	33.65	30.58
Earnings From Cont. Operations, 2 Yr. CAGR %	44.34	50.73	28.26	43.29	57.59
Net Income, 2 Yr. CAGR %	44.34	50.73	28.26	43.29	57.59
Normalized Net Income, 2 Yr. CAGR %	46.65	37.86	34.04	44.01	62.7
Diluted EPS Before Extra, 2 Yr. CAGR %	43.46	50.64	28.64	44.58	62.56
Accounts Receivable, 2 Yr. CAGR %	2.03	35.51	47.38	47.82	27.09
Inventory, 2 Yr. CAGR %	23.96	-0.89	5.14	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	38.82	55.19	25.99	45.68	27.42
Total Assets, 2 Yr. CAGR %	22.48	41.6	23.13	29.94	35.47
Tangible Book Value, 2 Yr. CAGR %	15.6	6.02	17.92	26.74	23.67
Common Equity, 2 Yr. CAGR %	21.57	7.01	21.56	31.47	26.92
Cash From Operations, 2 Yr. CAGR %	12.55	7.86	57.73	43.78	12.19
Capital Expenditures, 2 Yr. CAGR %	11.63	98.89	20.72	47.28	7.79
Levered Free Cash Flow, 2 Yr. CAGR %	56.77	-5.8	40.44	50.34	40.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	32.63	-1.95	34.08	39.07	41.01
Dividend Per Share, 2 Yr. CAGR %	24.5	20	15	16.67	17.91
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	22.63	21.43	22.74	30.36	24.91
Gross Profit, 3 Yr. CAGR %	17.3	20.17	21.94	28.71	25.64
EBITDA, 3 Yr. CAGR %	22.21	29.05	28.47	33.43	27.83
EBITA, 3 Yr. CAGR %	21.23	28.13	28.66	32.71	27.27
EBIT, 3 Yr. CAGR %	22.17	29.47	29.47	33.27	27.32
Earnings From Cont. Operations, 3 Yr. CAGR %	25.23	37.26	44.4	36.59	48.75
Net Income, 3 Yr. CAGR %	25.23	37.26	44.4	36.59	48.75
Normalized Net Income, 3 Yr. CAGR %	24.95	40.39	38.45	38.71	51.94
Diluted EPS Before Extra, 3 Yr. CAGR %	24.83	36.89	44.43	37.61	51.95
Accounts Receivable, 3 Yr. CAGR %	-0.98	15.02	39.74	47.27	33.89
Inventory, 3 Yr. CAGR %	17.42	7.29	10.55	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	102.79	31.72	47.72	36.02	29.53
Total Assets, 3 Yr. CAGR %	21.26	36.68	21.32	42.18	17.8
Tangible Book Value, 3 Yr. CAGR %	8.24	17.39	8.89	24.81	20.66
Common Equity, 3 Yr. CAGR %	11.24	23.12	10.25	29.72	23.53
Cash From Operations, 3 Yr. CAGR %	8.03	25.48	22.88	47.74	26.15
Capital Expenditures, 3 Yr. CAGR %	91.63	2.11	88.96	22.83	25.61
Levered Free Cash Flow, 3 Yr. CAGR %	4.12	41.79	14.7	37.89	46.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.48	28.9	12.39	33.04	40.81
Dividend Per Share, 3 Yr. CAGR %	24.67	21.64	17.93	16.49	16.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.28	21.81	24.6	25.67	22.87
Gross Profit, 5 Yr. CAGR %	17.07	18.85	20.58	25.01	22.52
EBITDA, 5 Yr. CAGR %	21.43	22.79	25.07	30.88	28.58
EBITA, 5 Yr. CAGR %	20.97	21.92	24.24	30.21	28.26
EBIT, 5 Yr. CAGR %	21.43	22.41	25.06	31.12	28.76
Earnings From Cont. Operations, 5 Yr. CAGR %	25.38	17.2	26.44	39.64	49.54
Net Income, 5 Yr. CAGR %	25.38	17.2	26.44	39.64	49.54
Normalized Net Income, 5 Yr. CAGR %	20.1	19.92	28.51	41.83	46.14
Diluted EPS Before Extra, 5 Yr. CAGR %	24.75	16.64	26.34	39.92	51.43
Accounts Receivable, 5 Yr. CAGR %	10.99	11.45	16.1	27.16	34.54
Inventory, 5 Yr. CAGR %	16.45	12.49	12.34	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	69.3	69.89	67.64	37.13	39.24
Total Assets, 5 Yr. CAGR %	17.39	28.76	22.01	33.95	26.8
Tangible Book Value, 5 Yr. CAGR %	19.49	26.3	12.01	21.05	14.58
Common Equity, 5 Yr. CAGR %	32.91	46.25	15.26	26.39	16.64
Cash From Operations, 5 Yr. CAGR %	17.44	22.68	25.69	32.51	18.49
Capital Expenditures, 5 Yr. CAGR %	68.61	56.69	59.29	18.22	50.96
Levered Free Cash Flow, 5 Yr. CAGR %	8.72	11.83	17.36	45.15	22.96
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.59	15.27	16.1	32.88	21.83
Dividend Per Share, 5 Yr. CAGR %	-	38.75	20.71	19.63	17.92