Shake Shack Inc. (SHAK)

NYSE: SHAK · Real-Time Price · USD

72.68

-2.36 (-3.14%)

At close: Nov 12, 2026, 4:00 PM EST

73.75

+1.07 (1.47%)

After-hours: Nov 12, 2026, 7:53 PM EST

Shake Shack Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Revenue	1,608	1,445	1,253	1,088	900.49	739.89
Revenue Growth	17.09%	15.38%	15.18%	20.77%	21.70%	41.51%
Gross Profit	650.71	581.27	480.85	398.39	313.04	247.29
Operating Income	62.03	67.76	35.41	8.93	-24.47	-13.99
Net Income	43.71	45.73	10.21	20.26	-21.23	-4.56
Earnings Per Share	1.04	1.09	0.24	0.48	-0.54	-0.12
EPS Growth	1.78%	345.30%	-48.81%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Shack Sales	1,551	1,391	1,208	1,047	869.27	714.99
Sales-Based Royalties	55.06	51.53	43.49	39.85	30.2	24.15
Initial Territory and Opening Fees	2.33	2.61	1.56	0.86	1.01	0.75
Revenue (Total)	1,608	1,445	1,253	1,088	900.49	739.89

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Cash & Investments	319	360.12	320.71	293.21	311.23	382.41
Total Debt	973.08	902.13	809.62	771.33	720.51	686.19
Net Cash (Debt)	-654.07	-542	-488.91	-478.12	-409.28	-303.78
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-15.62	-12.95	-11.06	-10.89	-10.43	-7.77

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Operating Cash Flow	199.17	222.36	171.16	132.14	76.74	58.4
Capital Expenditures	-221.56	-165.85	-135.5	-146.17	-142.56	-101.5
Free Cash Flow	-22.39	56.51	35.66	-14.03	-65.82	-43.09
Free Cash Flow Growth	-	58.48%	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
Gross Margin	40.46%	40.22%	38.39%	36.63%	34.76%	33.42%
Operating Margin	3.86%	4.69%	2.83%	0.82%	-2.72%	-1.89%
Pretax Margin	4.18%	5.02%	1.14%	1.56%	-2.70%	-2.34%
Profit Margin	2.72%	3.16%	0.81%	1.86%	-2.36%	-0.62%
FCF Margin	-1.39%	3.91%	2.85%	-1.29%	-7.31%	-5.82%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 25, 2024	Dec '23 Dec 27, 2023	Dec '22 Dec 28, 2022	Dec '21 Dec 29, 2021
PE Ratio	69.89	71.46	517.76	147.91	-	-
Forward PE	51.24	53.46	128.63	176.07	83.70	83.70
P/FCF Ratio	-	57.82	148.22	-	-	-
PS Ratio	1.93	2.26	4.22	2.76	1.86	3.71