Wingstop: franchised restaurant growth with leverage hidden in plain sight
Wingstop filed 2025 revenue of $696.9 million, operating income of $179.3 million, net income of $174.3 million and Q1 2026 revenue of $183.7 million. The thesis depends on whether unit growth, franchise economics and brand demand can outrun leverage and negative book equity.
Financials and workspace tools are for paid members.
Paid login unlocks company financials, filing timeline, peer comparison, scorecard, and discussion. Valuation remains admin-only while we finalize market-data licensing.
Recent Reports
Compact report index for this company.