WING Wingstop margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 53

Gross margin

86.1%

Operating margin

27.7%

EBITDA margin

31.7%

Net margin

16%

For the latest period, Wingstop has a gross margin of 86.1%, an operating margin of 27.7%, an EBITDA margin of 31.7%, and a net margin of 16%. Operating margin reported the largest year-over-year gain at 2.2 percentage points, while EBITDA margin reported the largest decline at 11.3 percentage points.

WING margin history

Gross, operating, EBITDA and net margin trends

Wingstop's margins averaged 85.63% gross, 26.07% operating, 34.17% EBITDA, and 19.53% net over the last 3 years. The current figures show gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

WING margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in operating margin, which increased by 2.2 percentage points, but EBITDA margin contracted by 11.3 percentage points and net margin by 9.5 percentage points.

Gross margin expansion

0pp

Operating margin expansion

2.2pp

EBITDA margin expansion

-11.3pp

Net margin expansion

-9.5pp

WING Gross margin

Reviewing the last 3 years, Wingstop recorded an average gross margin of 85.63%. Against its three-year average, Wingstop's gross margin is currently 86.1%, 0.5 percentage points above its three-year average. The highest gross margin for Wingstop was 86.3% in Jun 2026, while the lowest was 84.6% in Dec 2023.

WING Operating margin

Across the last 3 years, Wingstop's operating margin stood at 26.07%. Wingstop currently reports an operating margin of 27.7%, 1.6 percentage points above its three-year average. Operating margin was highest at 27.9% in Jun 2026 and lowest at 24.5% in Dec 2023.

WING EBITDA margin

Wingstop recorded an average EBITDA margin of 34.17% across the last 3 years. The latest EBITDA margin for Wingstop is 31.7%, 2.5 percentage points below its three-year average. Over the last 3 years, Wingstop's EBITDA margin peaked at 43% in Sep 2025 and reached a low of 27.3% in Dec 2023.

WING Net margin

The average net margin for Wingstop was 19.53% in the last 3 years. Currently, the current net margin for Wingstop is 16%, 3.5 percentage points below its three-year average. The net margin for Wingstop moved between 15.3% in Dec 2023 and 26.5% in Mar 2025.

WING margin group comparison

Margins compared with peer-group, industry and sector averages

Wingstop's gross margin of 86.1% is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Wingstop's gross margin is 137% higher.

WING margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Wingstop's gross margin?

For the period ending Sep 26, 2026, WING recorded a gross margin of 86.1%.

What is Wingstop's operating margin?

As of Sep 26, 2026, WING has an operating margin of 27.7%.

What is Wingstop's EBITDA margin?

The current EBITDA margin for WING is 31.7% as of Sep 26, 2026.

What is Wingstop's net margin?

The current net margin for WING is 16% as of Sep 26, 2026.

What are the average margins of WING?

The three-year average margins for WING were 85.6% gross, 26.1% operating, 34.2% EBITDA, and 19.5% net.

What are the highest historical margins of WING?

In the last 5 years, the highest margins reported by WING were 86.3% gross in Jun 2026, 27.9% operating in Jun 2026, 43% EBITDA in Sep 2025, and 26.5% net in Mar 2025.

What are the lowest historical margins of WING?

Over the last 5 years, Wingstop's lowest margins were 79.2% gross in Mar 2022, 23.8% operating in Sep 2022, 26.6% EBITDA in Sep 2022, and 13% net in Sep 2022.