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Wingstop vs Sweetgreen: WING and SG compared
Wingstop is the larger company: $185M of revenue in its latest quarter (Q3 2026) against $176M for Sweetgreen (Q3 2026). Wingstop is growing faster (+5% against +2% a year earlier). Wingstop is more profitable, with an operating margin of 27.4% against -18.1%.
Where the money goes: WING and SG
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.
Sweetgreen (SG) · Q3 2026
Sweetgreen, Q3 2026: revenue $176M (+2% year over year), operating margin -18.1%, net loss $30.7M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.
| Wingstop (WING) | Sweetgreen (SG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $185M | $176M |
| Revenue growth, Y/Y | +5% | +2% |
| Operating margin | 27.4% | -18.1% |
| Net earnings | $29.1M | −$30.7M |
| Net margin | 15.7% | -17.5% |
| Operating cash flow | $61.3M | −$10.9M |
| Free cash flow | $49.7M | — |
| Market value | $3.6B | $1.3B |
| P/E | 30.7× | 92.2× |
| Analysts’ mean target | $185.50 | $10.16 |
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, Wingstop or Sweetgreen?
Wingstop is the larger company: $185M of revenue in its latest quarter (Q3 2026) against $176M for Sweetgreen (Q3 2026).
Is Wingstop or Sweetgreen growing faster?
Wingstop is growing faster (+5% against +2% a year earlier).
Which is more profitable, Wingstop or Sweetgreen?
Wingstop is more profitable, with an operating margin of 27.4% against -18.1%.
More: Wingstop earnings · how Wingstop makes money · Sweetgreen earnings · how Sweetgreen makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.