BJ's Restaurants
BJRI · Restaurants
$56.51
3.9%Wingstop
WING · Restaurants
$119.54
1.1%The short version
- BJ's Restaurants is the larger business, with $1.4B of revenue in fiscal 2025 against $697M for Wingstop, about 2.0 times as much.
- Wingstop grew revenue faster (11.4%, against 3.1%).
- Wingstop kept more of each dollar of sales as operating profit (25.7% operating margin, against 3.3% operating margin).
- Wingstop turned more of its sales into free cash flow (15.2% FCF margin, against 2.9% FCF margin).
- Wingstop earned a higher return on the capital invested in it (51.0%, against 11.1%).
- Investors pay more for each dollar of BJ's Restaurants’s earnings: a P/E of 30.2x against 28.3x for Wingstop.
| Latest fiscal year | BJRI · FY25 | WING · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.2B | $3.3B |
| Revenue | $1.4B | $697M |
| Free cash flow | $40.9M | $106M |
| Net income | $48.8M | $174M |
| Growth | ||
| Revenue growth | 3.1% | 11.4% |
| 5-year growth | 12.4% | 22.9% |
| Share count change | −4.8% | −4.5% |
| Profitability | ||
| Gross margin | 74.8% | — |
| Operating margin | 3.3% | 25.7% |
| Net margin | 3.5% | 25.0% |
| FCF margin | 2.9% | 15.2% |
| Return on capital | 11.1% | 51.0% |
| Return on equity | 13.3% | — |
| Balance sheet | ||
| Net debt | $61.2M | $1.0B |
| Net debt / EBITDA | 0.5x | 5.0x |
| Dividends and buybacks | $67.8M | $254M |
| Valuation & quality | ||
| P/E | 30.2x | 28.3x |
| Piotroski F-score | 7 | 4 |
FY16
BJRI $993M
WING $103M
FY17
BJRI $1.0B
WING $133M
FY18
BJRI $1.1B
WING $153M
FY19
BJRI $1.2B
WING $200M
FY20
BJRI $779M
WING $249M
FY21
BJRI $1.1B
WING $283M
FY22
BJRI $1.3B
WING $358M
FY23
BJRI $1.3B
WING $460M
FY24
BJRI $1.4B
WING $626M
FY25
BJRI $1.4B
WING $697M
BJRI
WING
FY16
BJRI 6.2%
WING 25.8%
FY17
BJRI 3.7%
WING 25.4%
FY18
BJRI 5.2%
WING 25.2%
FY19
BJRI 4.2%
WING 21.5%
FY20
BJRI −11.1%
WING 23.1%
FY21
BJRI −1.5%
WING 26.1%
FY22
BJRI −0.4%
WING 25.7%
FY23
BJRI 1.0%
WING 24.5%
FY24
BJRI 1.0%
WING 26.5%
FY25
BJRI 3.3%
WING 25.7%
BJRI
WING
FY16
BJRI $29.0M
WING $19.8M
FY17
BJRI $36.3M
WING $24.9M
FY18
BJRI $72.0M
WING $34.8M
FY19
BJRI $33.8M
WING $16.1M
FY20
BJRI −$2.8M
WING $59.5M
FY21
BJRI $22.1M
WING $20.9M
FY22
BJRI −$27.5M
WING $52.3M
FY23
BJRI $6.9M
WING $80.8M
FY24
BJRI $24.6M
WING $106M
FY25
BJRI $40.9M
WING $106M
BJRI
WING
FY16
BJRI 11.8%
WING 24.5%
FY17
BJRI 9.5%
WING 41.1%
FY18
BJRI 14.6%
WING 40.4%
FY19
BJRI 12.2%
WING 38.3%
FY20
BJRI −17.7%
WING 51.4%
FY21
BJRI −3.7%
WING 49.2%
FY22
BJRI −1.2%
WING 52.3%
FY23
BJRI 3.5%
WING 52.0%
FY24
BJRI 3.5%
WING 60.7%
FY25
BJRI 11.1%
WING 51.0%
BJRI
WING
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.