KPIs & Operating Metrics(New)
Growth Metrics

Wingstop (WING) Gross Margin (2016 - 2025)

Wingstop's Gross Margin history spans 12 years, with the latest figure at 86.07% for Q4 2025.

  • For Q4 2025, Gross Margin rose 48.0% year-over-year to 86.07%; the TTM value through Dec 2025 reached 86.22%, up 86.0%, while the annual FY2025 figure was 86.22%, 86.0% up from the prior year.
  • Gross Margin reached 86.07% in Q4 2025 per WING's latest filing, roughly flat from 86.15% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 86.65% in Q1 2025 to a low of 76.88% in Q3 2021.
  • Average Gross Margin over 5 years is 83.59%, with a median of 84.57% recorded in 2023.
  • Peak YoY movement for Gross Margin: plummeted -467bps in 2021, then skyrocketed 615bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 79.56% in 2021, then grew by 5bps to 83.7% in 2022, then grew by 1bps to 84.51% in 2023, then increased by 1bps to 85.59% in 2024, then rose by 1bps to 86.07% in 2025.
  • Per Business Quant, the three most recent readings for WING's Gross Margin are 86.07% (Q4 2025), 86.15% (Q3 2025), and 86.0% (Q2 2025).