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Wingstop Inc. (WING) Fundamental Analysis & AI Grade 2026

WING Nasdaq Retail-Eating Places DE CIK: 0001636222
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-28
Combined AI Grade
B
68% Confidence
N/A
B
68% Conf
Pending
Analysis scheduled

📊 WING Key Takeaways

Revenue: $183.7M
Net Margin: 16.3%
Free Cash Flow: $43.7M
Current Ratio: 2.24x
Debt/Equity: N/A
EPS: $1.08
AI Grade: B with 68% confidence
Wingstop Inc. (WING) receives a B fundamental grade with 68% confidence from our AI analysis based on SEC 10-K filings. With revenue of $183.7M, net profit margin of 16.3%, Wingstop Inc. demonstrates mixed fundamentals in the Consumer sector. Below is our complete WING stock analysis for 2026.

Is Wingstop Inc. (WING) a Good Investment?

Claude

Wingstop demonstrates strong operational fundamentals with 11.4% revenue growth, 60.3% net income growth, and exceptional profitability margins (27.4% operating, 16.3% net), supported by solid free cash flow generation of $43.7M. However, the critical balance sheet concern of -$799.2M negative stockholders' equity against $1.2B in long-term debt creates material financial risk that offsets operational strength and limits upside potential. The company's ability to service debt depends entirely on maintaining current cash flow levels, leaving minimal margin for operational or macroeconomic deterioration.

Wingstop Inc. Key Strengths (WING)

Claude
  • + Strong revenue growth of 11.4% YoY with accelerating net income growth of 60.3% YoY
  • + Excellent profitability with 27.4% operating margin and 16.3% net margin, indicating pricing power and operational efficiency
  • + Solid free cash flow generation of $43.7M with 23.8% FCF margin, providing cash for debt service
  • + Healthy liquidity position with 2.24x current ratio and $128.8M in cash reserves

WING Stock Risks: Wingstop Inc. Investment Risks

Claude
  • ! Critical balance sheet concern: negative stockholders' equity of -$799.2M indicates liabilities exceed total assets by significant margin
  • ! High financial leverage with $1.2B long-term debt against $648.9M total assets; limited debt service flexibility if operations deteriorate
  • ! Refinancing risk and interest rate sensitivity given debt load; any increase in borrowing costs or operational headwinds could stress cash flow coverage
  • ! No ROE or meaningful leverage ratios calculable due to negative equity; reliance on sustaining profitable operations to justify debt structure

Key Metrics to Watch

Claude
  • * Operating cash flow trend and sustainability given capital structure requirements
  • * Debt maturity schedule and refinancing needs over next 2-3 years
  • * Free cash flow margin maintenance; deterioration below 20% would signal stress
  • * Same-store sales growth in franchise network as leading indicator of revenue sustainability
  • * Interest coverage ratio and debt covenant compliance metrics

Wingstop Inc. (WING) Financial Metrics & Key Ratios

Revenue
$183.7M
Net Income
$29.9M
EPS (Diluted)
$1.08
Free Cash Flow
$43.7M
Total Assets
$648.9M
Cash Position
$128.8M

💡 AI Analyst Insight

The 23.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 2.24x current ratio provides a solid financial cushion.

WING Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 27.4%
Net Margin 16.3%
ROE N/A
ROA 4.6%
FCF Margin 23.8%

WING vs Consumer Sector: How Wingstop Inc. Compares

How Wingstop Inc. compares to Consumer sector averages

Net Margin
WING 16.3%
vs
Sector Avg 8.0%
WING Sector
ROE
WING 0.0%
vs
Sector Avg 18.0%
WING Sector
Current Ratio
WING 2.2x
vs
Sector Avg 1.5x
WING Sector
Debt/Equity
WING 0.0x
vs
Sector Avg 0.8x
WING Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Wingstop Inc. Stock Overvalued? WING Valuation Analysis 2026

Based on fundamental analysis, Wingstop Inc. has mixed fundamental signals relative to the Consumer sector in 2026.

Return on Equity
N/A
Sector avg: 18%
Net Profit Margin
16.3%
Sector avg: 8%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.8x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Wingstop Inc. Balance Sheet: WING Debt, Cash & Liquidity

Current Ratio
2.24x
Quick Ratio
2.24x
Debt/Equity
N/A
Debt/Assets
223.2%
Interest Coverage
N/A
Long-term Debt
$1.2B

WING Revenue & Earnings Growth: 5-Year Financial Trend

WING 5-year financial data: Year 2021: Revenue $282.5M, Net Income $20.5M, EPS $0.69. Year 2022: Revenue $357.5M, Net Income $23.3M, EPS $0.78. Year 2023: Revenue $460.1M, Net Income $42.7M, EPS $1.42. Year 2024: Revenue $625.8M, Net Income $52.9M, EPS $1.77. Year 2025: Revenue $696.9M, Net Income $70.2M, EPS $2.35.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Wingstop Inc.'s revenue has grown significantly by 147% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.35 reflects profitable operations.

WING Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
23.8%
Free cash flow / Revenue

WING Quarterly Earnings & Performance

Quarterly financial performance data for Wingstop Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $171.1M $29.9M $1.08
Q3 2025 $162.5M $25.7M $0.88
Q2 2025 $155.7M $26.8M $0.93
Q1 2025 $145.8M $28.7M $0.98
Q3 2024 $117.1M $15.7M $0.65
Q2 2024 $107.2M $15.7M $0.54
Q1 2024 $108.7M $15.7M $0.52
Q3 2023 $92.7M $8.7M $0.45

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Wingstop Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$61.4M
Cash generated from operations
Stock Buybacks
$78.5M
Shares repurchased (TTM)
Capital Expenditures
$17.7M
Investment in assets
Dividends Paid
$8.5M
Returned to shareholders

WING SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Wingstop Inc. (CIK: 0001636222)

📋 Recent SEC Filings

Date Form Document Action
May 26, 2026 4 xslF345X06/wk-form4_1779827844.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779827772.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779827724.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779826858.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779826773.xml View →

Frequently Asked Questions about WING

What is the AI rating for WING?

Wingstop Inc. (WING) has an AI grade of B with 68% confidence, based on fundamental analysis of SEC EDGAR filings.

What are WING's key strengths?

Claude: Strong revenue growth of 11.4% YoY with accelerating net income growth of 60.3% YoY. Excellent profitability with 27.4% operating margin and 16.3% net margin, indicating pricing power and operational efficiency.

What are the risks of investing in WING?

Claude: Critical balance sheet concern: negative stockholders' equity of -$799.2M indicates liabilities exceed total assets by significant margin. High financial leverage with $1.2B long-term debt against $648.9M total assets; limited debt service flexibility if operations deteriorate.

What is WING's revenue and growth?

Wingstop Inc. reported revenue of $183.7M.

Does WING pay dividends?

Wingstop Inc. pays dividends, with $8.5M distributed to shareholders in the trailing twelve months.

Where can I find WING SEC filings?

Official SEC filings for Wingstop Inc. (CIK: 0001636222) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is WING's EPS?

Wingstop Inc. has a diluted EPS of $1.08.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is WING's fundamental grade?

Based on our AI fundamental analysis in June 2026, Wingstop Inc. has a B grade with 68% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is WING stock overvalued or undervalued?

Valuation metrics for WING: ROE of N/A (sector avg: 18%), net margin of 16.3% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.

What is WING's AI grade for 2026?

Our dual AI analysis gives Wingstop Inc. a combined B grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is WING's free cash flow?

Wingstop Inc.'s operating cash flow is $61.4M, with capital expenditures of $17.7M. FCF margin is 23.8%.

How does WING compare to other Consumer stocks?

Vs Consumer sector averages: Net margin 16.3% (avg: 8%), ROE N/A (avg: 18%), current ratio 2.24 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-28 | Powered by Claude AI