For the twelve months ended Sep 30, 2026, Shake Shack Inc. reported $1.61B of revenue and $43.71M of net income.
SHAK revenue was $423.27M in fiscal Q3 2026 (ended Sep 30, 2026), up 15.2% from a year earlier and up 1.4% from the prior quarter. For the full fiscal 2025 it was $1.45B, up 15.4% from fiscal 2024. Compound annual growth was +22.6% over 5 years and +22.5% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.
SHAK net income was $16.49M in fiscal Q3 2026 (ended Sep 30, 2026), up 31.9% from a year earlier and up 5.1% from the prior quarter. For the full fiscal 2025 it was $45.73M, up 348.0% from fiscal 2024. Fiscal 2025 is the highest of the 13 fiscal years on file.
SHAK diluted EPS was $0.39 in fiscal Q3 2026 (ended Sep 30, 2026), up 30.0% from a year earlier and up 5.4% from the prior quarter. For the full fiscal 2025 it was $1.09, up 354.2% from fiscal 2024.
SHAK free cash flow was $13.07M in fiscal Q3 2026 (ended Sep 30, 2026), down 45.0% from a year earlier. For the full fiscal 2025 it was $56.51M, up 58.5% from fiscal 2024. Compound annual growth was +20.0% over 10 years. Fiscal 2025 is the highest of the 13 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 25, 2024 | Dec 27, 2023 | Dec 28, 2022 | Dec 29, 2021 | Dec 30, 2020 | Dec 25, 2019 | Dec 26, 2018 | Dec 27, 2017 | Dec 28, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.45B | $1.25B | $1.09B | $900.49M | $739.89M | $522.87M | $594.52M | $459.31M | $358.81M | $268.48M |
| Selling, general and admin | $176.23M | $149.05M | $129.54M | $120.01M | $87.20M | $64.25M | $65.65M | $52.72M | $39.00M | $30.56M |
| Operating income | $62.51M | $3.04M | $5.92M | -$26.89M | -$15.85M | -$43.88M | $25.68M | $31.71M | $33.81M | $27.80M |
| Interest expense | $2.16M | $2.04M | $1.72M | $1.52M | $1.58M | $815.0K | $434.0K | $2.42M | $1.64M | $374.0K |
| Pre-tax income | $72.61M | $14.24M | $16.98M | -$24.29M | -$17.34M | -$45.48M | $27.51M | $30.81M | $160.29M | $28.50M |
| Income tax | $22.90M | $3.42M | -$4.01M | -$1.18M | -$11.32M | $57.0K | $3.39M | $8.86M | $151.41M | $6.35M |
| Net income | $45.73M | $10.21M | $20.26M | -$21.23M | -$4.56M | -$42.16M | $19.83M | $15.18M | -$320.0K | $12.45M |
| EPS, basic | $1.14 | $0.26 | $0.51 | -$0.54 | -$0.12 | -$1.14 | $0.63 | $0.54 | -$0.01 | $0.54 |
| EPS, diluted | $1.09 | $0.24 | $0.48 | -$0.54 | -$0.12 | -$1.14 | $0.61 | $0.52 | -$0.01 | $0.53 |
| Diluted shares | 41.8M | 44.2M | 43.9M | 39.2M | 39.1M | 37.1M | 32.3M | 29.2M | 25.9M | 23.4M |
| Line item | Dec 31, 2025 | Dec 25, 2024 | Dec 27, 2023 | Dec 28, 2022 | Dec 29, 2021 | Dec 30, 2020 | Dec 25, 2019 | Dec 26, 2018 | Dec 27, 2017 | Dec 28, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $360.12M | $320.71M | $224.65M | $230.52M | $302.41M | $146.87M | $37.10M | $24.75M | $21.51M | $11.61M |
| Short-term investments | - | $0 | $68.56M | $80.71M | $80.00M | $36.89M | $36.51M | $62.11M | $63.04M | $62.04M |
| Receivables | $32.96M | $19.69M | $16.85M | $13.88M | $13.66M | $9.46M | $9.97M | $10.52M | $5.64M | $6.01M |
| Inventory | $7.18M | $6.01M | $5.40M | $4.18M | $3.85M | $2.89M | $2.22M | $1.75M | $1.26M | $806.0K |
| Current assets | $430.35M | $368.22M | $334.43M | $343.99M | $409.68M | $203.19M | $87.67M | $101.12M | $93.20M | $83.94M |
| Total assets | $1.90B | $1.70B | $1.61B | $1.51B | $1.47B | $1.15B | $968.27M | $610.53M | $470.61M | $538.19M |
| Current liabilities | $244.92M | $187.31M | $164.07M | $147.72M | $121.50M | $109.70M | $99.39M | $59.95M | $34.02M | $31.72M |
| Total debt | $247.73M | $246.68M | $245.64M | $244.59M | $243.54M | $0 | $0 | - | - | $0 |
| Total liabilities | $1.34B | $1.20B | $1.14B | $1.08B | $1.02B | $710.86M | $646.28M | $337.08M | $246.13M | $336.84M |
| Shareholders' equity | $525.33M | $493.63M | $469.37M | $436.84M | $449.81M | $444.59M | $321.99M | $273.45M | $224.48M | $201.35M |
| Line item | Dec 31, 2025 | Dec 25, 2024 | Dec 27, 2023 | Dec 28, 2022 | Dec 29, 2021 | Dec 30, 2020 | Dec 25, 2019 | Dec 26, 2018 | Dec 27, 2017 | Dec 28, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $222.35M | $171.16M | $132.14M | $76.74M | $58.40M | $37.35M | $89.86M | $85.39M | $70.88M | $54.28M |
| Capital expenditures | $165.85M | $135.50M | $146.17M | $142.56M | $101.50M | $69.04M | $106.51M | $87.53M | $61.53M | $54.43M |
| Free cash flow | $56.51M | $35.66M | -$14.03M | -$65.82M | -$43.09M | -$31.69M | -$16.65M | -$2.13M | $9.35M | -$148.0K |
| Investing cash flow | -$165.85M | -$66.08M | -$132.32M | -$143.42M | -$144.89M | -$69.40M | -$80.69M | -$86.60M | -$61.94M | -$114.76M |
| Financing cash flow | -$17.10M | -$9.02M | -$5.68M | -$5.20M | $242.02M | $141.82M | $3.18M | $4.45M | $965.0K | $1.23M |
| Stock-based compensation | $19.50M | $15.91M | $14.89M | $13.33M | $8.70M | $5.56M | $7.50M | $6.14M | $5.62M | $5.35M |
| Depreciation and amortization | $106.60M | $102.47M | $91.24M | $72.80M | $58.99M | $48.80M | $40.39M | - | - | - |
| Line item | Dec 31, 2025 | Dec 25, 2024 | Dec 27, 2023 | Dec 28, 2022 | Dec 29, 2021 | Dec 30, 2020 | Dec 25, 2019 | Dec 26, 2018 | Dec 27, 2017 | Dec 28, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 15.4% | 15.2% | 20.8% | 21.7% | 41.5% | -12.1% | 29.4% | 28.0% | 33.6% | 40.9% |
| Net income growth, YoY | 348.0% | -49.6% | - | - | - | - | 30.6% | - | - | - |
| EPS growth, YoY | 354.2% | -50.0% | - | - | - | - | 17.3% | - | - | - |
| Operating margin | 4.3% | 0.2% | 0.5% | -3.0% | -2.1% | -8.4% | 4.3% | 6.9% | 9.4% | 10.4% |
| Net margin | 3.2% | 0.8% | 1.9% | -2.4% | -0.6% | -8.1% | 3.3% | 3.3% | -0.1% | 4.6% |
| Free cash flow margin | 3.9% | 2.8% | -1.3% | -7.3% | -5.8% | -6.1% | -2.8% | -0.5% | 2.6% | -0.1% |
| Return on equity | 8.7% | 2.1% | 4.3% | -4.9% | -1.0% | -9.5% | 6.2% | 5.6% | -0.1% | 6.2% |
| Return on assets | 2.4% | 0.6% | 1.3% | -1.4% | -0.3% | -3.7% | 2.0% | 2.5% | -0.1% | 2.3% |
| Current ratio | 1.76 | 1.97 | 2.04 | 2.33 | 3.37 | 1.85 | 0.88 | 1.69 | 2.74 | 2.65 |
| Debt to equity | 0.47 | 0.50 | 0.52 | 0.56 | 0.54 | 0.00 | 0.00 | - | - | 0.00 |
| Line item | Sep 30, 2026 | Jul 1, 2026 | Apr 1, 2026 | Dec 31, 2025 | Sep 24, 2025 | Jun 25, 2025 | Mar 26, 2025 | Dec 25, 2024 | Sep 25, 2024 | Jun 26, 2024 | Mar 27, 2024 | Dec 27, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $423.27M | $417.62M | $366.74M | $400.53M | $367.41M | $356.47M | $320.90M | $328.68M | $316.92M | $316.50M | $290.50M | $286.24M |
| Selling, general and admin | $44.99M | $48.32M | $53.61M | $50.54M | $44.38M | $40.67M | $40.64M | $41.10M | $35.69M | $36.31M | $35.94M | $35.82M |
| Operating income | $21.48M | $20.75M | -$2.63M | $18.74M | $18.55M | $22.37M | $2.84M | $10.21M | -$17.99M | $10.78M | $34.0K | -$1.29M |
| Interest expense | $567.0K | $553.0K | $548.0K | $544.0K | $504.0K | $548.0K | $563.0K | $512.0K | $498.0K | $527.0K | $508.0K | $476.0K |
| Pre-tax income | $23.37M | $22.80M | -$439.0K | $21.54M | $21.15M | $24.68M | $5.25M | $12.94M | -$14.98M | $13.55M | $2.73M | $1.50M |
| Income tax | $5.61M | $5.91M | -$145.0K | $8.54M | $7.44M | $6.19M | $737.0K | $3.61M | -$3.87M | $3.17M | $518.0K | -$5.75M |
| Net income | $16.49M | $15.68M | -$290.0K | $11.83M | $12.50M | $17.15M | $4.25M | $8.71M | -$10.21M | $9.67M | $2.04M | $7.22M |
| EPS, basic | $0.41 | $0.39 | -$0.01 | $0.29 | $0.31 | $0.43 | $0.11 | $0.23 | -$0.26 | $0.24 | $0.05 | $0.18 |
| EPS, diluted | $0.39 | $0.37 | -$0.01 | $0.28 | $0.30 | $0.41 | $0.10 | $0.22 | -$0.26 | $0.23 | $0.05 | $0.17 |
| Diluted shares | 41.9M | 41.9M | 40.3M | - | 41.9M | 41.8M | 41.9M | - | 40.0M | 41.5M | 41.3M | - |
| Line item | Sep 30, 2026 | Jul 1, 2026 | Apr 1, 2026 | Dec 31, 2025 | Sep 24, 2025 | Jun 25, 2025 | Mar 26, 2025 | Dec 25, 2024 | Sep 25, 2024 | Jun 26, 2024 | Mar 27, 2024 | Dec 27, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $319.00M | $307.96M | $313.65M | $360.12M | $357.76M | $336.80M | $312.92M | $320.71M | $310.87M | $301.84M | $260.20M | $224.65M |
| Short-term investments | - | - | - | - | - | - | - | $0 | $0 | $2.57M | $24.57M | $68.56M |
| Receivables | $30.56M | $34.66M | $29.17M | $32.96M | $20.61M | $21.20M | $18.28M | $19.69M | $16.74M | $15.91M | $14.46M | $16.85M |
| Inventory | $7.56M | $7.36M | $6.61M | $7.18M | $6.31M | $6.03M | $5.31M | $6.01M | $5.15M | $5.19M | $5.07M | $5.40M |
| Current assets | $397.37M | $393.76M | $393.87M | $430.35M | $414.78M | $390.84M | $364.60M | $368.22M | $354.02M | $345.68M | $326.19M | $334.43M |
| Total assets | $1.99B | $1.95B | $1.92B | $1.90B | $1.83B | $1.78B | $1.73B | $1.70B | $1.68B | $1.66B | $1.62B | $1.61B |
| Current liabilities | $230.95M | $236.00M | $232.61M | $244.92M | $225.35M | $204.05M | $190.63M | $187.31M | $175.83M | $168.09M | $161.08M | $164.07M |
| Total debt | $248.52M | $248.25M | $247.99M | $247.73M | $247.47M | $247.21M | $246.94M | $246.68M | $246.42M | $246.16M | $245.90M | $245.64M |
| Total liabilities | $1.39B | $1.38B | $1.36B | $1.34B | $1.29B | $1.26B | $1.23B | $1.20B | $1.20B | $1.18B | $1.15B | $1.14B |
| Shareholders' equity | $563.99M | $571.55M | $554.59M | $525.33M | $535.24M | $519.06M | $497.50M | $493.63M | $479.06M | $486.37M | $472.29M | $469.37M |
| Line item | Sep 30, 2026 | Jul 1, 2026 | Apr 1, 2026 | Dec 31, 2025 | Sep 24, 2025 | Jun 25, 2025 | Mar 26, 2025 | Dec 25, 2024 | Sep 25, 2024 | Jun 26, 2024 | Mar 27, 2024 | Dec 27, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $70.57M | $56.97M | $8.49M | $63.14M | $63.00M | $65.00M | $31.22M | $45.08M | $41.86M | $53.55M | $30.66M | $41.55M |
| Capital expenditures | $57.50M | $57.71M | $47.19M | $59.15M | $39.26M | $38.09M | $29.35M | $34.70M | $34.81M | $32.94M | $33.05M | $33.13M |
| Free cash flow | $13.07M | -$736.0K | -$38.70M | $3.98M | $23.74M | $26.91M | $1.87M | $10.38M | $7.05M | $20.61M | -$2.39M | $8.41M |
| Investing cash flow | -$57.50M | -$57.71M | -$47.19M | -$59.15M | -$39.26M | -$38.09M | -$29.35M | -$34.70M | -$31.81M | -$10.88M | $11.31M | -$6.06M |
| Financing cash flow | -$2.02M | -$4.95M | -$7.76M | -$1.62M | -$2.79M | -$3.03M | -$9.66M | -$537.0K | -$1.03M | -$1.03M | -$6.42M | -$859.0K |
| Stock-based compensation | $5.00M | $3.92M | $5.16M | $5.33M | $4.42M | $5.21M | $4.54M | $4.38M | $4.16M | $3.74M | $3.64M | $3.67M |
| Depreciation and amortization | $32.93M | $30.72M | $29.12M | $26.43M | $27.08M | $26.55M | $26.54M | $25.81M | $25.72M | $25.50M | $25.44M | $24.54M |
| Line item | Sep 30, 2026 | Jul 1, 2026 | Apr 1, 2026 | Dec 31, 2025 | Sep 24, 2025 | Jun 25, 2025 | Mar 26, 2025 | Dec 25, 2024 | Sep 25, 2024 | Jun 26, 2024 | Mar 27, 2024 | Dec 27, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 15.2% | 17.2% | 14.3% | 21.9% | 15.9% | 12.6% | 10.5% | 14.8% | 14.7% | 16.4% | 14.7% | 20.0% |
| Net income growth, YoY | 31.9% | -8.6% | - | 35.8% | - | 77.4% | 108.1% | 20.6% | - | 39.1% | - | - |
| EPS growth, YoY | 30.0% | -9.8% | - | 27.3% | - | 78.3% | 100.0% | 29.4% | - | 43.8% | - | - |
| Operating margin | 5.1% | 5.0% | -0.7% | 4.7% | 5.0% | 6.3% | 0.9% | 3.1% | -5.7% | 3.4% | 0.0% | -0.5% |
| Net margin | 3.9% | 3.8% | -0.1% | 3.0% | 3.4% | 4.8% | 1.3% | 2.6% | -3.2% | 3.1% | 0.7% | 2.5% |
| Free cash flow margin | 3.1% | -0.2% | -10.6% | 1.0% | 6.5% | 7.5% | 0.6% | 3.2% | 2.2% | 6.5% | -0.8% | 2.9% |
| Current ratio | 1.72 | 1.67 | 1.69 | 1.76 | 1.84 | 1.92 | 1.91 | 1.97 | 2.01 | 2.06 | 2.02 | 2.04 |
| Debt to equity | 0.44 | 0.43 | 0.45 | 0.47 | 0.46 | 0.48 | 0.50 | 0.50 | 0.51 | 0.51 | 0.52 | 0.52 |
Source: XBRL data Shake Shack Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| SHAK | $1.61B | +17.1% | $43.71M | 2.7% | $3.08B |
| MCD | $27.70B | +6.3% | $8.79B | 31.7% | $195.67B |
| SBUX | $38.34B | +4.5% | $1.98B | 5.2% | $120.17B |
| YUM | $8.72B | +10.3% | $2.22B | 25.4% | $43.98B |
| CMG | $12.71B | +7.9% | $1.38B | 10.8% | $43.56B |
| QSR | $9.78B | +5.5% | $1.76B | 18.1% | $35.06B |
| DRI | $13.37B | +8.1% | $1.18B | 8.8% | $25.61B |
| YUMC | $12.71B | +9.9% | $1.00B | 7.9% | $17.11B |
| ARMK | $19.85B | +11.0% | $382.91M | 1.9% | $13.85B |