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Side-by-side financial comparison of Stellar Bancorp, Inc. (STEL) and Wingstop Inc. (WING). Click either name above to swap in a different company.

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $108.9M, roughly 1.7× Stellar Bancorp, Inc.). Stellar Bancorp, Inc. runs the higher net margin — 24.0% vs 16.3%, a 7.7% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 0.8%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 0.2%).

Stellar Bancorp, Inc. is a United States-based financial holding company that operates via its wholly-owned banking subsidiary. It provides a full suite of retail and commercial banking services, including deposit products, personal and commercial loans, mortgage services, and wealth management solutions, serving individual consumers, small businesses, and regional corporate clients.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

STEL vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.7× larger
WING
$183.7M
$108.9M
STEL
Growing faster (revenue YoY)
WING
WING
+6.5% gap
WING
7.4%
0.8%
STEL
Higher net margin
STEL
STEL
7.7% more per $
STEL
24.0%
16.3%
WING
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
0.2%
STEL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STEL
STEL
WING
WING
Revenue
$108.9M
$183.7M
Net Profit
$26.1M
$29.9M
Gross Margin
86.5%
Operating Margin
29.0%
27.4%
Net Margin
24.0%
16.3%
Revenue YoY
0.8%
7.4%
Net Profit YoY
3.7%
EPS (diluted)
$0.52
$1.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
STEL
STEL
WING
WING
Q1 26
$183.7M
Q4 25
$108.9M
$175.7M
Q3 25
$105.6M
$175.7M
Q2 25
$104.1M
$174.3M
Q1 25
$104.8M
$171.1M
Q4 24
$108.0M
$161.8M
Q3 24
$107.8M
$162.5M
Q2 24
$106.8M
$155.7M
Net Profit
STEL
STEL
WING
WING
Q1 26
$29.9M
Q4 25
$26.1M
$26.8M
Q3 25
$25.7M
$28.5M
Q2 25
$26.4M
$26.8M
Q1 25
$24.7M
$92.3M
Q4 24
$25.2M
$26.8M
Q3 24
$33.9M
$25.7M
Q2 24
$29.8M
$27.5M
Gross Margin
STEL
STEL
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
STEL
STEL
WING
WING
Q1 26
27.4%
Q4 25
29.0%
26.7%
Q3 25
30.5%
27.9%
Q2 25
31.7%
25.9%
Q1 25
29.6%
22.4%
Q4 24
29.4%
25.9%
Q3 24
39.6%
24.5%
Q2 24
35.1%
26.5%
Net Margin
STEL
STEL
WING
WING
Q1 26
16.3%
Q4 25
24.0%
15.2%
Q3 25
24.3%
16.2%
Q2 25
25.3%
15.4%
Q1 25
23.6%
53.9%
Q4 24
23.3%
16.5%
Q3 24
31.4%
15.8%
Q2 24
27.9%
17.7%
EPS (diluted)
STEL
STEL
WING
WING
Q1 26
$1.08
Q4 25
$0.52
$0.99
Q3 25
$0.50
$1.02
Q2 25
$0.51
$0.96
Q1 25
$0.46
$3.24
Q4 24
$0.47
$0.91
Q3 24
$0.63
$0.88
Q2 24
$0.56
$0.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STEL
STEL
WING
WING
Cash + ST InvestmentsLiquidity on hand
$419.5M
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
Total Assets
$10.8B
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STEL
STEL
WING
WING
Q1 26
$128.8M
Q4 25
$419.5M
$196.6M
Q3 25
$728.4M
$237.6M
Q2 25
$578.1M
$227.9M
Q1 25
$560.6M
$251.4M
Q4 24
$911.2M
$315.9M
Q3 24
$516.2M
$84.0M
Q2 24
$490.3M
$96.7M
Total Debt
STEL
STEL
WING
WING
Q1 26
Q4 25
$1.2B
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
STEL
STEL
WING
WING
Q1 26
Q4 25
$1.7B
$-736.8M
Q3 25
$1.7B
$-702.6M
Q2 25
$1.6B
$-686.0M
Q1 25
$1.6B
$-715.0M
Q4 24
$1.6B
$-675.6M
Q3 24
$1.6B
$-447.5M
Q2 24
$1.6B
$-437.5M
Total Assets
STEL
STEL
WING
WING
Q1 26
$648.9M
Q4 25
$10.8B
$693.4M
Q3 25
$10.6B
$721.0M
Q2 25
$10.5B
$708.3M
Q1 25
$10.4B
$696.8M
Q4 24
$10.9B
$716.2M
Q3 24
$10.6B
$484.8M
Q2 24
$10.7B
$451.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STEL
STEL
WING
WING
Operating Cash FlowLast quarter
$97.0M
Free Cash FlowOCF − Capex
$92.6M
FCF MarginFCF / Revenue
85.0%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$173.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STEL
STEL
WING
WING
Q1 26
Q4 25
$97.0M
$57.3M
Q3 25
$63.6M
$63.9M
Q2 25
$25.8M
$6.6M
Q1 25
$-5.7M
$25.3M
Q4 24
$132.6M
$7.7M
Q3 24
$59.5M
$69.0M
Q2 24
$38.1M
$36.2M
Free Cash Flow
STEL
STEL
WING
WING
Q1 26
Q4 25
$92.6M
$34.5M
Q3 25
$62.5M
$61.7M
Q2 25
$24.5M
$-7.8M
Q1 25
$-6.4M
$17.3M
Q4 24
$128.0M
$-8.6M
Q3 24
$57.7M
$54.9M
Q2 24
$37.1M
$25.9M
FCF Margin
STEL
STEL
WING
WING
Q1 26
Q4 25
85.0%
19.6%
Q3 25
59.2%
35.1%
Q2 25
23.6%
-4.5%
Q1 25
-6.2%
10.1%
Q4 24
118.5%
-5.3%
Q3 24
53.5%
33.8%
Q2 24
34.8%
16.6%
Capex Intensity
STEL
STEL
WING
WING
Q1 26
Q4 25
4.0%
13.0%
Q3 25
1.1%
1.3%
Q2 25
1.2%
8.2%
Q1 25
0.7%
4.7%
Q4 24
4.3%
10.1%
Q3 24
1.7%
8.7%
Q2 24
0.9%
6.6%
Cash Conversion
STEL
STEL
WING
WING
Q1 26
Q4 25
3.71×
2.14×
Q3 25
2.48×
2.24×
Q2 25
0.98×
0.25×
Q1 25
-0.23×
0.27×
Q4 24
5.26×
0.29×
Q3 24
1.76×
2.68×
Q2 24
1.28×
1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

STEL
STEL

Segment breakdown not available.

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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