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) Operating margin

Alert me on Operating margin

Shake Shack, Inc.'s operating margin over the twelve months to 30 September 2026 was 3.63%, down 0.7 percentage points from fiscal 2025 (4.32%). Over the past ten years it has ranged from −8.39% (fiscal 2020) to 10.4% (fiscal 2016); the current reading is higher than 73% of that period. That is below the Restaurants industry median of 4.59% and below the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.32% 4.08
FY2024 0.24% (0.30)
FY2023 0.54% 3.53
FY2022 −2.99% (0.85)
FY2021 −2.14% 6.25
FY2020 −8.39% (12.71)
FY2019 4.32% (2.58)
FY2018 6.90% (2.52)
FY2017 9.42% (0.94)
FY2016 10.4% 6.82

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 5.08% 0.11
Jun 2026 4.97% 5.69
Mar 2026 −0.72% (5.40)
Dec 2025 4.68% (0.37)
43 more quarters

Against its own ten years

Low −8.39% High 10.4%
Ten-year median 3.54%
Current reading's percentile 56

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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