Shake Shack Inc. (SHAK)

NYSE: SHAK · Real-Time Price · USD

60.98

+0.79 (1.31%)

At close: Oct 2, 2026, 4:00 PM EDT

59.97

-1.01 (-1.66%)

After-hours: Oct 2, 2026, 7:59 PM EDT

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	Jul '26 Jul 1, 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	1,552	1,445	1,253	1,088	900.49	739.89
Revenue Growth	17.33%	15.38%	15.18%	20.77%	21.70%	41.51%
Gross Profit	626.82	581.27	480.85	398.39	313.04	247.29
Operating Income	59.01	67.76	35.41	8.93	-24.47	-13.99
Net Income	39.72	45.73	10.21	20.26	-21.23	-4.56
Earnings Per Share	0.95	1.09	0.24	0.48	-0.54	-0.12
EPS Growth	105.16%	345.30%	-48.81%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 1, 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	1,496	1,391	1,208	1,047	869.27	714.99
Sales-Based Royalties	54	51.53	43.49	39.85	30.2	24.15
Initial Territory and Opening Fees	2.71	2.61	1.56	0.86	1.01	0.75
Revenue (Total)	1,552	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	Jul '26 Jul 1, 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	307.96	360.12	320.71	293.21	311.23	382.41
Total Debt	952.09	902.13	809.62	771.33	720.51	686.19
Net Cash (Debt)	-644.12	-542	-488.91	-478.12	-409.28	-303.78
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-15.39	-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	Jul '26 Jul 1, 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	191.6	222.36	171.16	132.14	76.74	58.4
Capital Expenditures	-203.31	-165.85	-135.5	-146.17	-142.56	-101.5
Free Cash Flow	-11.72	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	Jul '26 Jul 1, 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	40.38%	40.22%	38.39%	36.63%	34.76%	33.42%
Operating Margin	3.80%	4.69%	2.83%	0.82%	-2.72%	-1.89%
Pretax Margin	4.19%	5.02%	1.14%	1.56%	-2.70%	-2.34%
Profit Margin	2.56%	3.16%	0.81%	1.86%	-2.36%	-0.62%
FCF Margin	-0.76%	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	Oct '26 Oct 3, 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	64.19	71.46	517.76	147.91	-	-
Forward PE	48.22	53.46	128.63	176.07	83.70	83.70
P/FCF Ratio	-	57.82	148.22	-	-	-
PS Ratio	1.68	2.26	4.22	2.76	1.86	3.71