Filing Flows › Wingstop (WING) › Q4 2025
Wingstop (WING) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Wingstop (WING) reported revenue of $176M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and 0% from the quarter before. Operating margin was 26.7%, net earnings $26.8M (15.2% of revenue).
Wingstop, Q4 2025: revenue $176M (+9% year over year), operating margin 26.7%, net earnings $26.8M, operating cash flow $57.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $176M | 0% | +9% |
| Operating profit | $46.8M | -4% | +12% |
| Net earnings | $26.8M | -6% | 0% |
| Operating cash flow | $57.3M | -10% | +640% |
| Free cash flow | $34.5M | -44% | — |
What changed
Revenue was $175.7M in Q4 2025, up 9% year over year and roughly flat from the previous quarter. Royalty revenue, franchise fees and other was the largest line at 47% of revenue.
Operating profit was $46.8M, a 26.7% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 26% margin then. Total costs grew 7% against revenue growth of 9%. Net earnings were $26.8M, roughly flat year over year. The effective tax rate was 28.8%.
Operating cash flow was $57.3M (up 640% year over year), 214% of net earnings. Non-cash charges added back $6.4M of depreciation and amortization and $7.3M of share-based compensation. Working capital and other items added $16.9M. Capital expenditures of $22.8M left free cash flow of $34.5M.
Questions
What was Wingstop's revenue in the fourth quarter 2025?
Wingstop (WING) reported revenue of $176M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and 0% from the quarter before.
Was Wingstop profitable in the fourth quarter 2025?
Operating profit was $46.8M (26.7% of revenue) and net earnings $26.8M.
Source: Wingstop 10-K on SEC EDGAR.