WINGWingstop Inc.

$112.23

Is it safe?

Can WING take a bad year?

Wingstop Inc. carries $1.08B of net debt at 4.76× EBITDA: a heavy load to carry through a bad year.

$1.08B

Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
4.76×

Net debt / EBITDA · 5.20× a year ago · the load is coming down

Altman Z-score
2.57

Altman Z-score · grey zone, between 1.8 and 3

Annualised volatility
59%

Annualised volatility · roughly twice as jumpy as the market

Details
Total debtQ2 2026
$1.21B
Cash and short-term investments
$127M
Net debt
$1.08B
EBITDA, trailing twelve months
$228M
Operating profit, trailing twelve months
$201M
Total debt / EBITDA
5.32×
Annualised volatilitytwo years of daily moves
59%
Worst drawdown on file
−74%
Below its 52-week high
−67%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.