Friday 6 November 2026 Export SHAK’s income statement to Excel — free account

Shake Shack, Inc.

SHAK Consumer Cyclical Restaurants

Shake Shack, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 15.4% from fiscal 2024.

Revenue: +15.2%
EPS: +32.3%
Free cash flow: −45.0%
Total debt: +0.42%

Quarter to September 2026, against a year earlier

69.68 3.14 −4.31%

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Market cap: $3.0B
P/E: 64.4×
Fwd P/E: 63.9×
Dividend yield: —
F-score: 7/9
Altman Z: 2.50
Beneish M: −2.40
Dividend safety: n/a

Overview

Shake Shack, Inc. (SHAK) Debt to equity

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Shake Shack, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.4×, down 0.0× from fiscal 2025 (0.4×). Over the past ten years it has ranged from 0.0× (fiscal 2015) to 1.0× (fiscal 2019); the current reading is higher than 45% of that period. That is above the Restaurants industry median of 0.2× and above the Consumer Cyclical sector median of 0.2×.

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<iframe src="https://stockrow.com/embed/SHAK/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Shake Shack, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/SHAK/metrics/debt-to-equity">Shake Shack, Inc. (SHAK) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.4×	(10.47%)
FY2024	0.5×	(4.51%)
FY2023	0.5×	(6.54%)
FY2022	0.6×	0.14%
FY2021	0.6×	(29.99%)
FY2020	0.8×	(16.79%)
FY2019	1.0×	1,149.61%
FY2018	0.1×	14.97%
FY2017	0.1×	574.75%
FY2016	0.0×	395.00%

Period	Debt to equity	Change
Sep 2026	0.4×	(3.82%)
Jun 2026	0.4×	(2.86%)
Mar 2026	0.4×	(0.04%)
Dec 2025	0.4×	(3.24%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 1.0×

Ten-year median 0.5×

Current reading's percentile 45

Company	Debt to equity
WING Wingstop Inc. compare	−1.6×
SG Sweetgreen, Inc. compare	0.0×
CHA Chagee Holdings Limited - Sponsored ADR compare	0.0×
JMKE Jersey Mike�s Subs Inc. compare	0.4×
SHAK Shake Shack, Inc.	0.4×
CBRL Cracker Barrel Old Country Store, Inc. compare	0.7×
CAKE The Cheesecake Factory Incorporated compare	1.0×
ARCO Arcos Dorados Holdings Inc. compare	1.2×
WEN The Wendy's Company compare	27.2×
Restaurants industry median	0.2×
Consumer Cyclical sector median	0.2×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Shake Shack, Inc. (SHAK) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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