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Wingstop Valuation Multiples

Discover revenue and EBITDA valuation multiples for Wingstop and similar public comparables like Skylark Holdings, Americana Restaurants, Endeavour Group, Shake Shack and more.

Wingstop Overview

About Wingstop

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 $4.8 billion in system sales in 2024 across 2,563 units, with 86% 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.


Founded

2015

HQ

United States

Employees

1.4K

Financials (LTM)

Revenue: $727M
EBITDA: $253M

EV

$6B

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Wingstop Financials

Wingstop reported last 12-month revenue of $727M and EBITDA of $253M.

In the same LTM period, Wingstop generated $633M in gross profit, $253M in EBITDA, and $160M in net income.

Revenue (LTM)


Wingstop P&L

In the most recent fiscal year, Wingstop reported revenue of $697M and EBITDA of $298M.

Wingstop expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Wingstop forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$727MXXX$697MXXXXXXXXX
Gross Profit$633MXXX$339MXXXXXXXXX
Gross Margin87%XXX49%XXXXXXXXX
EBITDA$253MXXX$298MXXXXXXXXX
EBITDA Margin35%XXX43%XXXXXXXXX
EBIT Margin27%XXX27%XXXXXXXXX
Net Profit$160MXXX$174MXXXXXXXXX
Net Margin22%XXX25%XXXXXXXXX
Net Debt——$1BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Wingstop Stock Performance

Wingstop has current market cap of $5B, and enterprise value of $6B.

Market Cap Evolution


Wingstop's stock price is $196.34.

See Wingstop trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$6B$5B-0.0%XXXXXXXXX$6.38

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Wingstop Valuation Multiples

Wingstop trades at 8.9x EV/Revenue multiple, and 25.4x EV/EBITDA.

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EV / Revenue (LTM)


Wingstop Financial Valuation Multiples

As of April 20, 2026, Wingstop has market cap of $5B and EV of $6B.

Equity research analysts estimate Wingstop's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Wingstop has a P/E ratio of 33.6x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$5BXXX$5BXXXXXXXXX
EV (current)$6BXXX$6BXXXXXXXXX
EV/Revenue8.9xXXX9.2xXXXXXXXXX
EV/EBITDA25.4xXXX21.6xXXXXXXXXX
EV/EBIT33.0xXXX34.3xXXXXXXXXX
EV/Gross Profit10.2xXXX19.0xXXXXXXXXX
P/E33.6xXXX30.8xXXXXXXXXX
EV/FCF52.8xXXX55.1xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Wingstop Valuation Multiples

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Wingstop Margins & Growth Rates

Wingstop's revenue in the last 12 month grew by 15%.

Wingstop's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Wingstop's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Wingstop's rule of X is 71% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Wingstop and other 15K+ public comps

Wingstop Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth15%XXX15%XXXXXXXXX
EBITDA Margin35%XXX43%XXXXXXXXX
EBITDA Growth14%XXX(8%)XXXXXXXXX
Rule of 40—XXX49%XXXXXXXXX
Bessemer Rule of X—XXX71%XXXXXXXXX
Revenue per Employee—XXX$0.5MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
S&M Expenses to Revenue37%XXX38%XXXXXXXXX
G&A Expenses to Revenue16%XXX16%XXXXXXXXX
Opex to Revenue—XXX22%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Wingstop Public Comps

See public comps and valuation multiples for other Restaurants & Nightlife comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
WingstopXXXXXXXXXXXXXXXXXX
Skylark HoldingsXXXXXXXXXXXXXXXXXX
Americana RestaurantsXXXXXXXXXXXXXXXXXX
Endeavour GroupXXXXXXXXXXXXXXXXXX
Shake ShackXXXXXXXXXXXXXXXXXX
Food & Life CompaniesXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Wingstop M&A Activity

Wingstop acquired XXX companies to date.

Last acquisition by Wingstop was on XXXXXXXX, XXXXX. Wingstop acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Wingstop

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Wingstop Investment Activity

Wingstop invested in XXX companies to date.

Wingstop made its latest investment on XXXXXXXX, XXXXX. Wingstop invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Wingstop

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Wingstop

When was Wingstop founded?Wingstop was founded in 2015.
Where is Wingstop headquartered?Wingstop is headquartered in United States.
How many employees does Wingstop have?As of today, Wingstop has over 1K employees.
Who is the CEO of Wingstop?Wingstop's CEO is Michael J. Skipworth.
Is Wingstop publicly listed?Yes, Wingstop is a public company listed on Nasdaq.
What is the stock symbol of Wingstop?Wingstop trades under WING ticker.
When did Wingstop go public?Wingstop went public in 2015.
Who are competitors of Wingstop?Wingstop main competitors are Skylark Holdings, Americana Restaurants, Endeavour Group, Shake Shack.
What is the current market cap of Wingstop?Wingstop's current market cap is $5B.
What is the current revenue of Wingstop?Wingstop's last 12 months revenue is $727M.
What is the current revenue growth of Wingstop?Wingstop revenue growth (NTM/LTM) is 15%.
What is the current EV/Revenue multiple of Wingstop?Current revenue multiple of Wingstop is 8.9x.
Is Wingstop profitable?Yes, Wingstop is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Wingstop?Wingstop's last 12 months EBITDA is $253M.
What is Wingstop's EBITDA margin?Wingstop's last 12 months EBITDA margin is 35%.
What is the current EV/EBITDA multiple of Wingstop?Current EBITDA multiple of Wingstop is 25.4x.
What is the current FCF of Wingstop?Wingstop's last 12 months FCF is $122M.
What is Wingstop's FCF margin?Wingstop's last 12 months FCF margin is 17%.
What is the current EV/FCF multiple of Wingstop?Current FCF multiple of Wingstop is 52.8x.

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