Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Wingstop Inc.WING · shops | |
|---|---|
| Grade |  B/Con the B/C boundary of 258 graded peers; percentile 42.0, sampling error 2.9 points; lower is stronger |
| Rank | 109 of 258 |
| Profitability | Cpercentile 51.8 |
| Solvency | C/Dpercentile 59.3 |
| Growth and financing | Bpercentile 27.8 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $693.4M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Feb 18, 2026233 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $118.442026-10-08; market equity $3.2B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 18, 2026; the document on sec.gov.
Throughout this report, unless the context indicates otherwise, Wingstop Inc. (NASDAQ: WING) and its consolidated subsidiaries are referred to as the “Company,” “Wingstop,” or in the first-person notations of “we,” “us,” and “our.” Wingstop is the largest fast casual chicken wings-focused restaurant chain in the world, with more than 3,050 locations worldwide. The first Wingstop opened in Garland, Texas in 1994, and we began franchising Wingstop restaurants in 1997. Since 2015, Wingstop Inc.’s common stock has traded on the Nasdaq Global Select Market under the symbol “WING.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 51.8 | |||||||
| Gross profitability | not computable | 42.6% | |||||
| latest aligned inputs end 2024-12-28; latest annual assets end 2025-12-27 | |||||||
| Return on invested capital | 51.0% | [3-11] | 10.9% | 9.6 | 84 | 2025-12-27 | |
| Accruals ratio | 3.0% | [1,12-14] | (4.9%) | 94.1 | 287 | 2025-12-27 | |
| Gross margin stability, five years | not computable | 1.2 pts | |||||
| latest aligned inputs end 2024-12-28; latest annual assets end 2025-12-27 | |||||||
| Solvency, sleeve percentile 59.3 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (0.55) | [1,3,7,15-18] | 1.92 | 71.0 | 208 | 2025-12-27 | |
| Net debt to EBITDA | 5.01x | [3,6,8,19] | 1.84x | 92.9 | 100 | 2025-12-27 | |
| Interest coverage | not computable | 2.26x | |||||
| one or more required annual facts are missing | |||||||
| Current ratio | 3.26x | [15-16] | 1.37x | 13.9 | 295 | 2025-12-27 | |
| Growth and financing, sleeve percentile 27.8 | |||||||
| Revenue growth, three-year compound | 24.9% | [2,20-22] | 1.5% | 3.7 | 269 | 2025-12-27 | |
| Free cash flow growth, three-year compound | 26.4% | [13,23-29] | 5.6% | 19.9 | 147 | 2025-12-27 | |
| Reinvestment rate | (76.1%) | [3-5,15-16,19,23,30-31] | 7.3% | 90.1 | 152 | 2025-12-27 | |
| Asset growth, three years | 17.8% | [1,14,32-33] | 3.4% | 7.0 | 272 | 2025-12-27 | |
| Net share issuance, one year | (4.1%) | [34-35] | (0.6%) | 18.6 | 211 | 2026-02-17 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.081; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 104 | Dollar Tree, Inc. (DLTR) Dollar Tree, Inc. (DLTR) B/Con the B/C boundary; percentile 40.1 Nasdaq · Retail-Variety Stores market equity $22.3B; last close $118.58 No active warnings; 12 of 14 inputs | 40.1 | B/C | |
| 105 | Floor & Decor Holdings, Inc. (FND) Floor & Decor Holdings, Inc. (FND) B/Con the B/C boundary; percentile 40.5 NYSE · Retail-Lumber & Other Building Materials Dealers market equity $5.0B; last close $46.51 No active warnings; 9 of 14 inputs | 40.5 | B/C | |
| 106 | Sysco Corp. (SYY) Sysco Corp. (SYY) B/Con the B/C boundary; percentile 40.9 NYSE · Wholesale-Groceries & Related Products market equity $37.5B; last close $78.19 No active warnings; 11 of 14 inputs | 40.9 | B/C | |
| 107 | Henry Schein Inc. (HSIC) Henry Schein Inc. (HSIC) B/Con the B/C boundary; percentile 41.2 Nasdaq · Wholesale-Medical, Dental & Hospital Equipment & Supplies market equity $9.4B; last close $84.58 No active warnings; 12 of 14 inputs | 41.2 | B/C | |
| 108 | Shoe Station Group Inc. (SHOE) Shoe Station Group Inc. (SHOE) B/Con the B/C boundary; percentile 41.6 Nasdaq · Retail-Shoe Stores market equity $355.0M; last close $13.04 No active warnings; 11 of 14 inputs | 41.6 | B/C | |
| 109 | Wingstop Inc. (WING) Wingstop Inc. (WING) B/Con the B/C boundary; percentile 42.0 Nasdaq · Retail-Eating Places market equity $3.2B; last close $118.44 No active warnings; 10 of 14 inputs | 42.0 | B/C | |
| 110 | Central Garden & PET Co. (CENT) Central Garden & PET Co. (CENT) B/Con the B/C boundary; percentile 42.6 Nasdaq · Wholesale-Miscellaneous Nondurable Goods last close $40.53 No active warnings; 10 of 14 inputs | 42.6 | B/C | |
| 111 | Central Garden & PET Co. (CENTA) Central Garden & PET Co. (CENTA) B/Con the B/C boundary; percentile 42.6 Nasdaq · Wholesale-Miscellaneous Nondurable Goods last close $35.00 No active warnings; 10 of 14 inputs | 42.6 | B/C | |
| 112 | H&R Block Inc. (HRB) H&R Block Inc. (HRB) Cmiddle fifth; percentile 43.2 NYSE · Services-Personal Services market equity $5.5B; last close $44.59 No active warnings; 8 of 14 inputs | 43.2 | C | |
| 113 | TJX Companies Inc. (TJX) TJX Companies Inc. (TJX) Cmiddle fifth; percentile 43.6 NYSE · Retail-Family Clothing Stores market equity $152.6B; last close $138.74 No active warnings; 8 of 14 inputs | 43.6 | C | |
| 114 | US Foods Holding Corp. (USFD) US Foods Holding Corp. (USFD) Cmiddle fifth; percentile 44.0 NYSE · Wholesale-Groceries & Related Products market equity $21.0B; last close $97.17 No active warnings; 12 of 14 inputs | 44.0 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | B | 37.5 | 2204 |
| sector peers, equal sleeves (the grade) | B/C | 42.0 | 258 |
| same exchange, equal sleeves | B/C | 39.2 | 1219 |
| sector peers, equal inputs | B | 30.0 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (56.2%) | (0.1%) | 6 | hotter than 6 of 100 peers |
| Distance from 52-week high | (58.4%) | (24.1%) | 13 | closer to its high than 13 of 100 peers |
| EBIT to enterprise value | 4.1% | 5.3% | 37 | pricier than 63 of 100 peers |
| Free cash flow yield | 3.3% | 4.2% | 42 | pricier than 58 of 100 peers |
| Book value to price | (0.24) | 0.36 | 8 | pricier than 92 of 100 peers |
| Sales to price | 0.22 | 1.75 | 3 | pricier than 97 of 100 peers |
| Composite equity issuance, five years | (14.9%) | (16.7%) | 53 | more equity-funded than 53 of 100 peers |
| Relative strength against the sector, log excess return | (0.80) | 0.02 | 6 | ahead of 6 of 100 peers |
Inputs: market equity $3.2B; EBIT $179.3M; free cash flow $105.6M; book equity -$773.0M; sales $696.9M; debt $1.2B; cash $127.5M[36].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-27 | ||
|---|---|---|
| Return on assets above zero | 24.3% | ✓ pass[12,14] |
| Operating cash flow above zero | $153.1M | ✓ pass[13] |
| Return on assets improved | (4.4 pts) | ✗ fail[12,14,32,37] |
| Operating cash flow exceeds net income | -$21.2M | ✗ fail[12-13] |
| Long-term leverage fell | (49.0 pts) | ✓ pass[1,14,32,38-39] |
| Current ratio improved | (126.1 pts) | ✗ fail[15-16,30-31] |
| No new shares issued | (4.1%) | ✓ pass[34-35] |
| Gross margin improved | n/a[20,40] | |
| Asset turnover improved | (68.3 pts) | ✗ fail[2,14,20,32] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $127.5M[41] |
| Operating cash flow, four quarters | $189.5M[13,41-45] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 72 |
| 10-Q received Jul 29, 2026 | |
| Median daily dollar volume | $143.6M |
| 63 sessions | |
| Days since newest grade input | 233 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $693.4M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $696.9M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 3 | operating income | us-gaap:OperatingIncomeLoss | $179.3M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 4 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | $237.2M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 5 | income tax | us-gaap:IncomeTaxExpenseBenefit | $62.9M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $1.2B | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 7 | book equity | us-gaap:StockholdersEquity | -$736.8M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 8 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $196.6M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 9 | total debt | us-gaap:LongTermDebt | $1.2B | 2024-12-28 | 2025-02-19 | 10-K | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquity | -$675.6M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 11 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $315.9M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 12 | net income | us-gaap:NetIncomeLoss | $174.3M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 13 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $153.1M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 14 | assets | us-gaap:Assets | $716.2M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $267.5M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $82.0M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$744.9M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 18 | liabilities | us-gaap:Liabilities | $1.4B | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 19 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $25.1M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:Revenues | $625.8M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:Revenues | $460.1M | 2023-12-30 | 2026-02-18 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:Revenues | $357.5M | 2022-12-31 | 2025-02-19 | 10-K | filing · viewer · series |
| 23 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $47.4M | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 24 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $157.6M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 25 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $51.9M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 26 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $121.6M | 2023-12-30 | 2026-02-18 | 10-K | filing · viewer · series |
| 27 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $40.8M | 2023-12-30 | 2026-02-18 | 10-K | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $76.2M | 2022-12-31 | 2025-02-19 | 10-K | filing · viewer · series |
| 29 | capital expenditure | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | $23.9M | 2022-12-31 | 2025-02-19 | 10-K | filing · viewer · series |
| 30 | current assets | us-gaap:AssetsCurrent | $395.6M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 31 | current liabilities | us-gaap:LiabilitiesCurrent | $87.4M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 32 | assets | us-gaap:Assets | $377.8M | 2023-12-30 | 2025-02-19 | 10-K | filing · viewer · series |
| 33 | assets | us-gaap:Assets | $424.2M | 2022-12-31 | 2024-02-21 | 10-K | filing · viewer · series |
| 34 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 27,484,570 | 2026-02-17 | 2026-02-18 | 10-K | filing · viewer · series |
| 35 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 28,662,645 | 2025-02-18 | 2025-02-19 | 10-K | filing · viewer · series |
| 36 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 27,242,546 | 2026-07-28 | 2026-07-29 | 10-Q | filing · viewer · series |
| 37 | net income | us-gaap:NetIncomeLoss | $108.7M | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 38 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.2B | 2025-12-27 | 2026-02-18 | 10-K | filing · viewer · series |
| 39 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.2B | 2024-12-28 | 2026-02-18 | 10-K | filing · viewer · series |
| 40 | cost of revenue | us-gaap:CostOfGoodsAndServicesSold | $91.6M | 2024-12-28 | 2025-02-19 | 10-K | filing · viewer · series |
| 41 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $127.5M | 2026-06-27 | 2026-07-29 | 10-Q | filing · viewer · series |
| 42 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $68.3M | 2026-06-27 | 2026-07-29 | 10-Q | filing · viewer · series |
| 43 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $61.4M | 2026-03-28 | 2026-04-29 | 10-Q | filing · viewer · series |
| 44 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $95.8M | 2025-09-27 | 2025-11-04 | 10-Q | filing · viewer · series |
| 45 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $31.9M | 2025-06-28 | 2026-07-29 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 42.0 is 2.0 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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