Wingstop Inc.
WING · Retail-Eating Places · 27.2M shares · +0%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $110M (gross $125M, SBC $16M)
Reference price $125.93 · est. market cap ~$3.4B — last insider sale, 2026-05-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A90Dominant, asset-light wing franchise with top-decile margins, returns and cash generation.
Strengths
- Top-decile net margin (25%, 97th pct), ROA (25%, 97th pct) and operating margin (94th pct)
- 98%-franchised model, system sales up 12% to $5.3B, 73% digital, with strong FCF and liquidity
Risks
- Domestic same-store sales dipped 3.3% after a strong prior year
- Heavy reliance on franchisee development and financing
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
25.7%
Net margin
25.0%
Return on equity
-23.7%
Return on assets
25.1%
ROIC
30.0%
Revenue growth (QoQ)
4.6%
Net-income growth
60.3%
Debt / equity
-1.6×
Net debt / EBITDA
4.5×
Current ratio
3.3×
Free cash flow
$106M
EBITDA
$204M
Tangible book value
-$878M
Cash & investments
$284M
Stock comp / revenue
3.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Madati Kilandigalu | Grant | 1.1K | — |
| 2026-05-21 | Madati Kilandigalu | Grant | 981 | — |
| 2026-05-21 | Anand Krishnan | Grant | 981 | — |
| 2026-05-21 | MCDONALD WESLEY S | Grant | 981 | — |
| 2026-05-21 | Lavelle Kate S | Grant | 981 | — |
| 2026-05-21 | Greco Thomas | Grant | 981 | — |
| 2026-05-21 | GOEBEL DAVID | Grant | 981 | — |
| 2026-05-21 | Caine Lynn Crump | Grant | 1.4K | — |
| 2026-05-21 | Smith Ania | Grant | 981 | — |
| 2026-05-21 | MCDONALD WESLEY S | Grant | 405 | — |
| 2026-05-21 | Smith Ania | Grant | 1.1K | — |
| 2026-05-21 | GOEBEL DAVID | Grant | 1.1K | — |
| 2026-05-21 | Greco Thomas | Grant | 1.1K | — |
| 2026-05-21 | Lavelle Kate S | Grant | 1.1K | — |
| 2026-05-21 | Anand Krishnan | Grant | 1.1K | — |
| 2026-05-21 | Caine Lynn Crump | Grant | 1.7K | — |
| 2026-05-21 | MCDONALD WESLEY S | Grant | 1.1K | — |
| 2026-05-21 | HISLOP MICHAEL J | Grant | 1.1K | — |
| 2026-05-21 | HISLOP MICHAEL J | Grant | 981 | — |
| 2026-05-12 | Fallon Christopher | Sell | 250 | $125.93 |
| 2026-05-01 | Kapoor Raj | Option exercise | 353 | — |
| 2026-05-01 | Kapoor Raj | Option exercise | 353 | — |
| 2026-05-01 | Kapoor Raj | Tax withheld | 139 | $160.73 |
| 2026-05-01 | Kapoor Raj | Tax withheld | 139 | $160.73 |
| 2026-03-10 | Fallon Christopher | Sell | 177 | $220.78 |
| 2026-03-09 | Skipworth Michael | Tax withheld | 1.4K | $224.28 |
| 2026-03-09 | McGrath Albert G | Option exercise | 571 | — |
| 2026-03-09 | McGrath Albert G | Tax withheld | 225 | $224.28 |
| 2026-03-09 | Upshaw Donnie | Tax withheld | 225 | $224.28 |
| 2026-03-09 | Upshaw Donnie | Option exercise | 571 | — |
| 2026-03-09 | Carona Marisa | Option exercise | 571 | — |
| 2026-03-09 | Carona Marisa | Tax withheld | 225 | $224.28 |
| 2026-03-09 | Kaleida Alex | Option exercise | 571 | — |
| 2026-03-09 | Kaleida Alex | Tax withheld | 225 | $224.28 |
| 2026-03-09 | Skipworth Michael | Option exercise | 3.5K | — |
| 2026-03-07 | Kapoor Raj | Tax withheld | 145 | $229.17 |
| 2026-03-07 | Fallon Christopher | Option exercise | 225 | — |
| 2026-03-07 | Fallon Christopher | Tax withheld | 55 | $229.17 |
| 2026-03-07 | Carona Marisa | Option exercise | 366 | — |
| 2026-03-07 | Carona Marisa | Tax withheld | 145 | $229.17 |
| 2026-03-07 | Kapoor Raj | Option exercise | 366 | — |
| 2026-03-07 | Upshaw Donnie | Option exercise | 366 | — |
| 2026-03-07 | Upshaw Donnie | Tax withheld | 145 | $229.17 |
| 2026-03-07 | Kaleida Alex | Option exercise | 438 | — |
| 2026-03-07 | Kaleida Alex | Tax withheld | 173 | $229.17 |
| 2026-03-07 | Skipworth Michael | Option exercise | 2.4K | — |
| 2026-03-07 | Skipworth Michael | Tax withheld | 939 | $229.17 |
| 2026-03-07 | McGrath Albert G | Option exercise | 366 | — |
| 2026-03-07 | McGrath Albert G | Tax withheld | 145 | $229.17 |
| 2026-03-06 | Upshaw Donnie | Option exercise | 681 | — |
| 2026-03-06 | Upshaw Donnie | Tax withheld | 250 | $229.17 |
| 2026-03-06 | Kaleida Alex | Option exercise | 886 | — |
| 2026-03-06 | Kaleida Alex | Tax withheld | 349 | $229.17 |
| 2026-03-06 | Skipworth Michael | Option exercise | 4.6K | — |
| 2026-03-06 | Skipworth Michael | Tax withheld | 1.8K | $229.17 |
| 2026-03-06 | Kapoor Raj | Option exercise | 681 | — |
| 2026-03-06 | Kapoor Raj | Tax withheld | 268 | $229.17 |
| 2026-03-06 | McGrath Albert G | Option exercise | 681 | — |
| 2026-03-06 | McGrath Albert G | Tax withheld | 250 | $229.17 |
| 2026-03-06 | Carona Marisa | Option exercise | 681 | — |
| 2026-03-06 | Carona Marisa | Tax withheld | 268 | $229.17 |
| 2026-03-06 | Brewer Bradley T. | Option exercise | 114 | — |
| 2026-03-06 | Brewer Bradley T. | Tax withheld | 34 | $229.17 |
| 2026-03-06 | Fallon Christopher | Option exercise | 496 | — |
| 2026-03-06 | Fallon Christopher | Tax withheld | 142 | $229.17 |
| 2026-03-04 | Skipworth Michael | Option exercise | 39K | — |
| 2026-03-04 | Skipworth Michael | Tax withheld | 15K | $239.34 |
| 2026-03-04 | Kaleida Alex | Option exercise | 6.4K | — |
| 2026-03-04 | Kaleida Alex | Tax withheld | 2.0K | $239.34 |
| 2026-03-04 | Carona Marisa | Option exercise | 6.4K | — |
| 2026-03-04 | Carona Marisa | Tax withheld | 2.0K | $239.34 |
| 2026-03-04 | Upshaw Donnie | Option exercise | 6.4K | — |
| 2026-03-04 | Upshaw Donnie | Tax withheld | 2.0K | $239.34 |
| 2026-03-04 | Kapoor Raj | Option exercise | 4.0K | — |
| 2026-03-04 | Kapoor Raj | Tax withheld | 2.4K | $239.34 |
| 2026-03-04 | Kapoor Raj | Option exercise | 4.0K | — |
| 2026-03-04 | Kapoor Raj | Tax withheld | 2.9K | $239.34 |
| 2026-03-04 | McGrath Albert G | Option exercise | 6.4K | — |
| 2026-03-04 | McGrath Albert G | Tax withheld | 2.0K | $239.34 |
| 2026-02-25 | Madati Kilandigalu | Sell | 2.7K | $260.73 |
| 2026-02-23 | MCDONALD WESLEY S | Sell | 566 | $250.00 |
| 2025-11-25 | Madati Kilandigalu | Sell | 269 | $259.97 |
| 2025-09-08 | Upshaw Donnie | Option exercise | 287 | — |
| 2025-09-08 | Upshaw Donnie | Tax withheld | 113 | $304.78 |
| 2025-08-07 | Kaleida Alex | Gift | 100 | — |
| 2025-08-01 | Carona Marisa | Sell | 1.4K | $372.89 |
| 2025-08-01 | Kaleida Alex | Option exercise | 719 | $140.94 |
| 2025-08-01 | Kaleida Alex | Sell | 328 | $374.38 |
| 2025-08-01 | Kaleida Alex | Sell | 5.0K | $376.17 |
| 2025-08-01 | Kaleida Alex | Sell | 97 | $377.58 |
| 2025-08-01 | Carona Marisa | Option exercise | 485 | $125.11 |
| 2025-08-01 | Carona Marisa | Option exercise | 719 | $140.94 |
| 2025-08-01 | Carona Marisa | Sell | 11K | $370.00 |
| 2025-08-01 | Skipworth Michael | Sell | 4.5K | $370.34 |
| 2025-06-02 | Caine Lynn Crump | Sell | 499 | $345.60 |
| 2025-05-27 | Skipworth Michael | Option exercise | 1.3K | $125.11 |
| 2025-05-27 | Skipworth Michael | Sell | 300 | $338.12 |
| 2025-05-27 | Skipworth Michael | Sell | 9.7K | $337.31 |
| 2025-05-27 | Skipworth Michael | Option exercise | 1.3K | $140.94 |
| 2025-05-22 | Madati Kilandigalu | Grant | 405 | — |
| 2025-05-22 | Caine Lynn Crump | Grant | 592 | — |
| 2025-05-22 | Lavelle Kate S | Grant | 405 | — |
| 2025-05-22 | Greco Thomas | Grant | 405 | — |
| 2025-05-22 | GOEBEL DAVID | Grant | 405 | — |
| 2025-05-22 | Anand Krishnan | Grant | 405 | — |
| 2025-05-22 | Smith Ania | Grant | 405 | — |
| 2025-05-22 | HISLOP MICHAEL J | Grant | 405 | — |
| 2025-05-22 | MCDONALD WESLEY S | Grant | 405 | — |
| 2025-05-06 | McGrath Albert G | Tax withheld | 1.2K | $266.85 |
| 2025-05-06 | Upshaw Donnie | Option exercise | 4.8K | — |
| 2025-05-06 | Upshaw Donnie | Tax withheld | 1.9K | $266.85 |
| 2025-05-06 | Skipworth Michael | Option exercise | 3.9K | — |
| 2025-05-06 | Skipworth Michael | Tax withheld | 1.5K | $266.85 |
| 2025-05-06 | McGrath Albert G | Option exercise | 3.0K | — |
| 2025-05-06 | Kaleida Alex | Option exercise | 3.0K | — |
| 2025-05-06 | Kaleida Alex | Tax withheld | 1.2K | $266.85 |
| 2025-05-06 | Carona Marisa | Option exercise | 3.0K | — |
| 2025-05-06 | Carona Marisa | Tax withheld | 1.2K | $266.85 |
| 2025-05-05 | Kapoor Raj | Sell | 637 | $273.07 |
| 2025-05-01 | Kapoor Raj | Tax withheld | 172 | $259.67 |
| 2025-05-01 | Kapoor Raj | Option exercise | 704 | — |
| 2025-03-10 | Brewer Bradley T. | Tax withheld | 190 | $213.78 |
| 2025-03-10 | Brewer Bradley T. | Option exercise | 673 | — |
| 2025-03-09 | Kaleida Alex | Option exercise | 570 | — |
| 2025-03-09 | Kaleida Alex | Tax withheld | 225 | $227.12 |
| 2025-03-09 | McGrath Albert G | Tax withheld | 225 | $227.12 |
| 2025-03-09 | McGrath Albert G | Option exercise | 570 | — |
| 2025-03-09 | Carona Marisa | Tax withheld | 225 | $227.12 |
| 2025-03-09 | Carona Marisa | Option exercise | 570 | — |
| 2025-03-09 | Skipworth Michael | Option exercise | 3.5K | — |
| 2025-03-09 | Skipworth Michael | Tax withheld | 1.4K | $227.12 |
| 2025-03-09 | Upshaw Donnie | Tax withheld | 225 | $227.12 |
| 2025-03-09 | Upshaw Donnie | Option exercise | 570 | — |
| 2025-03-07 | Upshaw Donnie | Tax withheld | 145 | $227.12 |
| 2025-03-07 | Skipworth Michael | Option exercise | 2.4K | — |
| 2025-03-07 | Skipworth Michael | Tax withheld | 938 | $227.12 |
| 2025-03-07 | Kaleida Alex | Option exercise | 438 | — |
| 2025-03-07 | Kaleida Alex | Tax withheld | 173 | $227.12 |
| 2025-03-07 | Carona Marisa | Option exercise | 366 | — |
| 2025-03-07 | Carona Marisa | Tax withheld | 145 | $227.12 |
| 2025-03-07 | McGrath Albert G | Option exercise | 366 | — |
| 2025-03-07 | McGrath Albert G | Tax withheld | 145 | $227.12 |
| 2025-03-07 | Upshaw Donnie | Option exercise | 366 | — |
| 2025-03-07 | Kapoor Raj | Option exercise | 366 | — |
| 2025-03-07 | Kapoor Raj | Tax withheld | 90 | $227.12 |
| 2025-03-07 | Fallon Christopher | Option exercise | 225 | — |
| 2025-03-07 | Fallon Christopher | Tax withheld | 55 | $227.12 |
| 2025-03-02 | Upshaw Donnie | Tax withheld | 91 | $234.78 |
| 2025-03-02 | Upshaw Donnie | Option exercise | 230 | — |
| 2025-03-02 | Upshaw Donnie | Sell | 91 | $234.78 |
| 2025-03-02 | Skipworth Michael | Option exercise | 397 | — |
| 2025-03-02 | Skipworth Michael | Tax withheld | 157 | $234.78 |
| 2025-03-02 | McGrath Albert G | Option exercise | 230 | — |
| 2025-03-02 | McGrath Albert G | Tax withheld | 91 | $234.78 |
| 2025-03-02 | Kaleida Alex | Option exercise | 216 | — |
| 2025-03-02 | Kaleida Alex | Tax withheld | 85 | $234.78 |
| 2025-03-02 | Carona Marisa | Option exercise | 216 | — |
| 2025-03-02 | Carona Marisa | Tax withheld | 85 | $234.78 |
| 2025-02-18 | Upshaw Donnie | Grant | 6.0K | — |
| 2025-02-18 | Upshaw Donnie | Tax withheld | 1.9K | $306.02 |
| 2025-02-18 | Upshaw Donnie | Grant | 3.5K | — |
| 2025-02-18 | Upshaw Donnie | Tax withheld | 1.4K | $306.02 |
| 2025-02-18 | Upshaw Donnie | Grant | 2.2K | — |
| 2025-02-18 | Upshaw Donnie | Tax withheld | 848 | $306.02 |
| 2025-02-18 | Skipworth Michael | Grant | 11K | — |
| 2025-02-18 | Skipworth Michael | Tax withheld | 4.0K | $306.02 |
| 2025-02-18 | Skipworth Michael | Grant | 6.0K | — |
| 2025-02-18 | Skipworth Michael | Tax withheld | 2.3K | $306.02 |
| 2025-02-18 | Skipworth Michael | Grant | 29K | — |
| 2025-02-18 | Skipworth Michael | Tax withheld | 12K | $306.02 |
| 2025-02-18 | McGrath Albert G | Grant | 6.0K | — |
| 2025-02-18 | McGrath Albert G | Tax withheld | 1.9K | $306.02 |
| 2025-02-18 | McGrath Albert G | Grant | 3.5K | — |
| 2025-02-18 | McGrath Albert G | Tax withheld | 1.4K | $306.02 |
| 2025-02-18 | Kaleida Alex | Grant | 6.0K | — |
| 2025-02-18 | Kaleida Alex | Tax withheld | 1.9K | $306.02 |
| 2025-02-18 | Kaleida Alex | Grant | 3.2K | — |
| 2025-02-18 | Kaleida Alex | Tax withheld | 1.3K | $306.02 |
| 2025-02-18 | Carona Marisa | Grant | 6.0K | — |
| 2025-02-18 | Carona Marisa | Tax withheld | 1.9K | $306.02 |
| 2025-02-18 | Carona Marisa | Grant | 3.2K | — |
| 2025-02-18 | Carona Marisa | Tax withheld | 1.3K | $306.02 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | 5.03Shareholder vote | filing ↗ |
| 2026-04-29 | ResultsOtherExhibits | filing ↗ |
| 2026-03-11 | OtherExhibits | filing ↗ |
| 2026-02-18 | ResultsOtherExhibits | filing ↗ |
| 2026-01-13 | Exec/director change | filing ↗ |
| 2025-11-04 | ResultsOtherExhibits | filing ↗ |
| 2025-09-15 | Exec/director changeExhibits | filing ↗ |
| 2025-07-30 | ResultsOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-21 | 0001636222-26-000020 ↗ |
| 10-Q | 2026-04-29 | 2026-03-28 | 0001636222-26-000017 ↗ |
| 8-K | 2026-04-29 | 2026-04-28 | 0001636222-26-000015 ↗ |
| 8-K | 2026-03-11 | 2026-03-05 | 0001636222-26-000011 ↗ |
| 10-K | 2026-02-18 | 2025-12-27 | 0001636222-26-000008 ↗ |
| 8-K | 2026-02-18 | 2026-02-17 | 0001636222-26-000006 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001636222-26-000003 ↗ |
| 10-Q | 2025-11-04 | 2025-09-27 | 0001636222-25-000110 ↗ |
| 8-K | 2025-11-04 | 2025-11-03 | 0001636222-25-000107 ↗ |
| 8-K | 2025-09-15 | 2025-09-11 | 0001636222-25-000102 ↗ |
| 10-Q | 2025-07-30 | 2025-06-28 | 0001636222-25-000099 ↗ |
| 8-K | 2025-07-30 | 2025-07-29 | 0001636222-25-000097 ↗ |