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%
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

Shake Shack, Inc. (SHAK) Gross margin

Alert me on Gross margin

Shake Shack, Inc.'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 25.5 percentage points from fiscal 2025 (25.5%). Over the past ten years it has ranged from 16.8% (fiscal 2020) to 31.6% (fiscal 2015); the current reading is higher than 64% of that period. That is below the Restaurants industry median of 38.9% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 25.5% 1.35
FY2024 24.2% 1.26
FY2023 22.9% 2.52
FY2022 20.4% 0.74
FY2021 19.6% 2.82
FY2020 16.8% (8.07)
FY2019 24.9% (2.69)
FY2018 27.6% (1.62)
FY2017 29.2% (1.51)
FY2016 30.7% (0.91)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (25.58)
Jun 2026 25.6% 1.63
Mar 2026 24.0% (1.70)
Dec 2025 25.7% (0.25)
43 more quarters

Against its own ten years

Low 16.8% High 31.6%
Ten-year median 24.9%
Current reading's percentile 64

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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