Shake Shack Inc. (SHAK)

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. It offers burger, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is based in New York, New York.

Symbol
SHAK
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Restaurants
Market cap
$2.34B
52 week range
51.6 - 107.46

Valuation

Share price
$57.62 (close of 2026-09-23)
P/E (TTM)
59.28x
Price to book
4.10x
Price to free cash flow
-200.12x
Enterprise value
$2.99B
Book value per share
$14.16

Price performance

PeriodChange
1 day+1.16%
5 days-1.12%
1 month-24.00%
3 months+6.41%
6 months-36.59%
Year to date-29.01%
1 year-41.21%
3 years-0.41%
5 years-31.04%
10 years+63.41%
All time+25.53%

Profitability and growth

Return on equity
8.26%
Return on invested capital
3.61%
Return on assets
2.41%
Return on capital employed
3.79%
Gross margin
18.88%
Net margin
3.16%
EBITDA margin
11.70%
Revenue growth
15.38%
Net income growth
347.98%
Free cash flow growth
58.48%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.50%
Current ratio
1.67x
Net debt to EBITDA
3.53x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$1.45B
Cost of revenue
$1.17B
Gross profit
$272.88M
EBITDA
$169.11M
Net income
$45.73M
Earnings per share
$1.14
Interest expense
$2.16M
Shares outstanding
40.21M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$1.45B$272.88M$45.73M$1.14
2024-12-25$1.25B$174.25M$10.21M$0.26
2023-12-27$1.09B$147.90M$20.26M$0.51
2022-12-28$900.49M$105.49M$-21.23M$-0.54
2021-12-29$739.89M$77.02M$-4.56M$-0.12
2020-12-30$522.87M$21.82M$-42.16M$-1.14
2019-12-25$594.52M$92.19M$19.83M$0.63
2018-12-26$459.31M$84.83M$15.18M$0.54
2017-12-27$358.81M$73.17M$-320.00K$-0.01
2016-12-28$268.48M$58.51M$12.45M$0.54

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3118.88%3.16%8.26%3.61%
2024-12-2513.91%0.81%2.07%0.15%
2023-12-2713.60%1.86%4.32%0.62%
2022-12-2811.71%-2.36%-4.86%-3.04%
2021-12-2910.41%-0.62%-1.01%-0.95%
2020-12-304.17%-8.06%-9.48%-6.43%
2019-12-2515.51%3.33%6.16%3.57%
2018-12-2618.47%3.30%5.55%9.19%
2017-12-2720.39%-0.09%-0.14%8.33%
2016-12-2821.79%4.64%6.18%11.31%

Cash and debt by year

Period endCashDebt
2025-12-31$360.12M$247.73M
2024-12-25$320.71M$246.68M
2023-12-27$293.21M$245.64M
2022-12-28$311.23M$244.59M
2021-12-29$302.41M$243.54M
2020-12-30$146.87M-
2019-12-25$37.10M-
2018-12-26$24.75M-
2017-12-27$21.51M-
2016-12-28$11.61M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$56.51M$19.50M
2024-12-25$35.66M$15.91M
2023-12-27$-14.03M$14.89M
2022-12-28$-65.82M$13.33M
2021-12-29$-43.09M$8.70M
2020-12-30$-31.69M$5.56M
2019-12-25$-16.65M$7.50M
2018-12-26$-2.13M$6.14M
2017-12-27$9.35M$5.62M
2016-12-28$-148.00K$5.35M

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$0.32

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$0.31
2026-05-07--
2026-02-26--
2025-10-30--
2025-07-31--
2025-05-01--
2025-02-20--
2024-10-30--

Filings and sources

Company website
shakeshack.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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