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Portillo's vs Wingstop: PTLO and WING compared
Portillo's is the larger company: $194M of revenue in its latest quarter (Q3 2026) against $185M for Wingstop (Q3 2026). Portillo's is growing faster (+7% against +5% a year earlier). Wingstop is more profitable, with an operating margin of 27.4% against 6.1%.
Where the money goes: PTLO and WING
Portillo's (PTLO) · Q3 2026
Portillo's, Q3 2026: revenue $194M (+7% year over year), operating margin 6.1%, net earnings $4.5M, operating cash flow $26.7M. 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.
| Portillo's (PTLO) | Wingstop (WING) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $194M | $185M |
| Revenue growth, Y/Y | +7% | +5% |
| Operating margin | 6.1% | 27.4% |
| Net earnings | $4.5M | $29.1M |
| Net margin | 2.3% | 15.7% |
| Operating cash flow | $26.7M | $61.3M |
| Free cash flow | $16.8M | $49.7M |
| Market value | — | $3.6B |
| P/E | — | 30.7× |
| Analysts’ mean target | — | $185.50 |
Where the revenue comes from
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, Portillo's or Wingstop?
Portillo's is the larger company: $194M of revenue in its latest quarter (Q3 2026) against $185M for Wingstop (Q3 2026).
Is Portillo's or Wingstop growing faster?
Portillo's is growing faster (+7% against +5% a year earlier).
Which is more profitable, Portillo's or Wingstop?
Wingstop is more profitable, with an operating margin of 27.4% against 6.1%.
More: Portillo's earnings · how Portillo's makes money · Wingstop earnings · how Wingstop makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.