# WINGSTOP INC. (WING) · Edgar & Edgarette company card

> Wingstop (WING) grew revenue 11.4% in FY2025 to $697 million, operating margin 25.7% against a 4.3% median for retail-eating  places, equity -106% of assets, and dividend per share up 2 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1636222 · fiscal year ended 2025-12-27 · 5 audited years read · [page](https://www.pops4.com/boards/company/WING) · [JSON](https://www.pops4.com/boards/company/WING.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $697M |
| Revenue growth, 1 year | 11.4% |
| Revenue growth per year | 25.3% |
| Operating margin | 25.7% (prior year 26.5%) |
| Net margin | 25.0% |
| Operating cash flow | $153M |
| Capital spending | $47M |
| Free cash flow | $106M |
| Cash | $197M |
| Long-term debt | $1.2B |
| Total assets | $693M |
| Total equity | −$737M |
| Equity ÷ assets | -106.3% |
| Return on equity | — |
| Dividend per share | $1.14 |
| Dividend years rising | 2 |

## Readings, computed from those figures

- Altman Z: -0.55 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · liabilities exceed assets (often from years of share buybacks, not always distress)
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $696.9M (FY2025), total debt $1.2B. Experience: revenue up 11.4% on the year, up 25.3% a year over 4 years; operating margin 25.7%, down from 26.5%. Soundness: equity -106.3% of assets (liabilities exceed assets), payout 18.6% of profit, dividend per share up 2 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $691.9M and $941.1M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $640.1M to $1.0B. A statistical range, not company guidance. Against peers (31 filers, $50M+ revenue, retail-eating  places): operating margin 25.7% against a 4.3% median; growth 11.4% against 4.7%.

Range logged 2026-10-01, receipt 3567423408c47ca1, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-08-25 ([filing](https://www.sec.gov/Archives/edgar/data/1636222/000162828026058878/0001628280-26-058878-index.htm))

## Recent filings

- 8-K · filed 2026-08-25 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000162828026058878/0001628280-26-058878-index.htm)
- 8-K · filed 2026-08-06 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000162828026054376/0001628280-26-054376-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000162828026050580/0001628280-26-050580-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000162828026050401/0001628280-26-050401-index.htm)
- 8-K · filed 2026-05-22 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000163622226000020/0001636222-26-000020-index.htm)
- 10-Q · filed 2026-04-29 · [filing](https://www.sec.gov/Archives/edgar/data/1636222/000163622226000017/0001636222-26-000017-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001636222.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1636222

## Cite

POPS4, Edgar & Edgarette: WINGSTOP INC. (WING) company card, from the company's own SEC filings, accessed 2026-10-28, https://www.pops4.com/boards/company/WING. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.