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Jersey Mike's Subs vs Wingstop: JMKE and WING compared
Jersey Mike's Subs is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $185M for Wingstop (Q3 2026). Jersey Mike's Subs is growing faster (+10% against +5% a year earlier). Wingstop is more profitable, with an operating margin of 27.4% against 23.0%.
Where the money goes: JMKE and WING
Jersey Mike's Subs (JMKE) · Q3 2026
Jersey Mike's Subs, Q3 2026: revenue $209M (+10% year over year), operating margin 23.0%, net earnings $12.0M. The chart follows the revenue to costs, profit and cash.
Wingstop (WING) · Q3 2026
Wingstop, Q3 2026: revenue $185M (+5% year over year), operating margin 27.4%, net earnings $29.1M, operating cash flow $61.3M. The chart follows the revenue to costs, profit and cash.
| Jersey Mike's Subs (JMKE) | Wingstop (WING) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $209M | $185M |
| Revenue growth, Y/Y | +10% | +5% |
| Operating margin | 23.0% | 27.4% |
| Net earnings | $12.0M | $29.1M |
| Net margin | 5.7% | 15.7% |
| Operating cash flow | — | $61.3M |
| Free cash flow | — | $49.7M |
| Market value | — | $3.6B |
| P/E | — | 30.7× |
| Analysts’ mean target | — | $185.50 |
Where the revenue comes from
Jersey Mike's Subs
- Royalties and other revenues: $143M (68%)
- Advertising revenue: $57.0M (27%)
- Company-owned stores sales: $9.0M (4%)
Wingstop
- Royalty revenue, franchise fees and other: $86.3M (47%)
- Advertising fees: $64.0M (35%)
- Company-owned restaurant sales: $34.8M (19%)
Questions
Which is bigger, Jersey Mike's Subs or Wingstop?
Jersey Mike's Subs is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $185M for Wingstop (Q3 2026).
Is Jersey Mike's Subs or Wingstop growing faster?
Jersey Mike's Subs is growing faster (+10% against +5% a year earlier).
Which is more profitable, Jersey Mike's Subs or Wingstop?
Wingstop is more profitable, with an operating margin of 27.4% against 23.0%.
More: Jersey Mike's Subs earnings · how Jersey Mike's Subs makes money · Wingstop earnings · how Wingstop makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.