Wingstop is a fast casual restaurant concept built around a simple chicken-centric menu. The firm primarily offers bone-in and boneless wings, tenders, and a chicken sandwich, customizable across 12 flavors. The banner generated $5.3 billion in system sales in 2025 across 3,056 units, with 85% located in the US. Wingstop largely operates as a franchisor, with 98% of units franchised, and earns revenue largely from collecting royalties and advertising fees paid by franchisees, with a smaller contribution from company-owned restaurant sales.
The chart shows the growth of an initial investment of $10,000 in Wingstop Inc, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Wingstop Inc (WING) has returned -36.90% so far this year and -31.47% over the past 12 months. Looking at the last ten years, WING has achieved an annualized return of 20.20%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Wingstop Inc (WING) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.82% | -0.60% | -38.29% | -1.83% | ||||||||
| 2025 | 3.39% | -20.00% | -5.22% | 17.04% | 28.94% | -0.67% | 12.14% | -12.81% | -22.51% | -13.86% | 22.78% | -8.41% |
| 2024 | 10.79% | 24.48% | 3.53% | 5.12% | -5.69% | 14.48% | -12.34% | 0.03% | 8.64% | -31.06% | 12.14% | -13.21% |
| 2023 | 12.61% | 7.80% | 7.77% | 10.00% | -0.47% | 0.70% | -15.93% | -3.75% | 11.17% | 2.16% | 26.69% | 7.17% |
| 2022 | -11.41% | -5.93% | -19.31% | -22.36% | -13.56% | -6.54% | 67.64% | -9.09% | 12.46% | 24.85% | 3.53% | -16.72% |
| 2021 | 12.82% | -10.66% | -8.09% | 16.35% | -10.53% | 10.41% | 8.12% | -0.36% | -5.03% | 3.59% | -7.16% | 5.09% |
| 2020 | 7.58% | -9.00% | -5.90% | 56.05% | 6.88% | 13.30% | 12.38% | 3.97% | -17.04% | -15.32% | 6.81% | 4.17% |
| 2019 | 3.66% | 1.23% | 15.07% | -1.77% | 5.42% | 19.36% | 0.16% | 7.57% | -12.48% | -4.26% | -4.12% | 8.21% |
| 2018 | 23.27% | -6.25% | 4.40% | 3.65% | 3.39% | 2.60% | -4.60% | 36.13% | 4.76% | -8.85% | 4.09% | -3.11% |
| 2017 | -4.85% | -8.20% | 6.16% | 4.10% | -2.86% | 8.12% | -2.79% | 8.21% | 2.50% | 1.35% | 15.60% | -0.54% |
| 2016 | 7.50% | 11.91% | -2.54% | -8.55% | 15.92% | -3.55% | -8.17% | 14.00% | -3.36% |
The charts below present risk-adjusted performance metrics for Wingstop Inc (WING) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of WING compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Wingstop Inc volatility is 3.25%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 693.41M | 377.83M | 424.19M | 249.20M | 211.57M | 166.11M | 139.75M | 119.84M | 111.80M | 121.14M |
| Equity Attributable To Parent (USD) | -736.76M | -457.37M | -390.86M | -309.53M | -341.31M | -209.43M | -224.83M | -48.25M | -74.63M | -9.67M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - |
| Equity (USD) | -736.76M | -457.37M | -390.86M | -309.53M | -341.31M | -209.43M | -224.83M | -48.25M | -74.63M | -9.67M |
| Other Non-current Liabilities (USD) | 127.28M | 43.26M | 28.06M | 41.45M | 22.40M | 25.01M | 18.10M | 15.46M | 18.45M | 22.75M |
| Long-term Debt (USD) | 1.22B | 720.93M | 724.58M | 477.60M | 480.00M | 317.60M | 320.00M | 133.75M | 151.25M | 95.50M |
| Noncurrent Liabilities (USD) | 1.35B | 764.19M | 752.64M | 519.05M | 502.40M | 342.61M | 338.10M | 149.21M | 169.70M | 118.25M |
| Other Current Liabilities (USD) | 57.75M | 51.95M | 48.46M | 24.30M | 35.64M | 22.07M | 18.55M | 12.94M | 11.39M | 8.40M |
| Wages (USD) | 11.37M | 14.33M | 8.73M | 9.97M | 11.18M | 7.51M | 5.18M | 4.19M | 3.88M | 2.81M |
| Accounts Payable (USD) | 12.85M | 4.73M | 5.22M | 5.41M | 3.66M | 3.35M | 2.75M | 1.75M | 1.46M | 1.36M |
| Current Liabilities (USD) | 81.97M | 71.00M | 62.41M | 39.68M | 50.47M | 32.93M | 26.48M | 18.88M | 16.73M | 12.57M |
| Liabilities (USD) | 1.43B | 835.19M | 815.05M | 558.73M | 552.88M | 375.54M | 364.58M | 168.09M | 186.43M | 130.82M |
| Other Non-current Assets (USD) | 238.47M | 93.51M | 84.56M | 78.31M | 61.67M | 58.93M | 50.57M | 47.66M | 46.07M | 45.93M |
| Intangible Assets (USD) | 56.87M | 48.68M | 46.11M | 46.24M | 49.33M | 49.15M | 50.94M | 50.44M | 49.61M | 51.00M |
| Fixed Assets (USD) | 130.58M | 91.29M | 66.85M | 54.50M | 27.95M | 27.84M | 8.34M | 5.83M | 5.00M | 4.59M |
| Noncurrent Assets (USD) | 425.92M | 233.48M | 197.52M | 179.05M | 138.95M | 135.92M | 109.84M | 103.93M | 100.68M | 101.52M |
| Other Current Assets (USD) | - | 140.24M | 223.55M | 67.13M | 70.69M | 28.53M | 28.14M | 14.75M | 9.87M | 18.25M |
| Prepaid Expenses (USD) | - | 3.57M | 2.74M | 2.53M | 1.53M | 1.35M | 1.47M | 946.00K | 1.02M | 1.19M |
| Inventory (USD) | - | 535.00K | 389.00K | 484.00K | 396.00K | 315.00K | 299.00K | 216.00K | 226.00K | 182.00K |
| Current Assets (USD) | 267.49M | 144.34M | 226.67M | 70.15M | 72.62M | 30.19M | 29.91M | 15.91M | 11.12M | 19.62M |
| Assets (USD) | 693.41M | 377.83M | 424.19M | 249.20M | 211.57M | 166.11M | 139.75M | 119.84M | 111.80M | 121.14M |
The S&P 500 is consolidating sideways within a bear pennant pattern, signaling potential downside risk. Moving averages are acting as resistance, and credit spreads are widening despite equity gains, indicating a lack of sustainable rally strength. Bitcoin is also working through a bear flag pattern, with Wingstop stock correlating negatively and suggesting weakness ahead.
Wingstop director Kilandigalu Madati sold 2,700 shares worth ~$704,000 on Feb. 25, 2026, reducing his holdings by 51%. The sale occurs as Wingstop's stock has declined ~10% in 2026 and same-store sales dropped 6% year-over-year in fiscal 2025. While revenue grew to $696.9M due to record store openings, the company faces challenges with a high P/E ratio of 36 and debt exceeding $1 billion against total assets of $693.4 million. Analysts recommend selling at current valuations and observing performance before buying.
Wingstop's 21-year same-store sales growth streak ended in 2025 as domestic comps declined 5.6% in Q3 amid consumer pressure, particularly in core markets. Despite traffic headwinds, the asset-light franchise model and strong unit economics support continued expansion toward 480 net new restaurants. Management expects traffic pressure to persist through Q4 but targets a return to positive growth in 2026. The stock trades at 68x earnings, significantly higher than quick-service restaurant peers, limiting margin of safety at current valuations.
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