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NYSE · RETAIL-EATING & DRINKING PLACES · LARGE CAP

Shake Shack Inc. SHAK

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 15.4% YoY
$45.7M
▲ 348.0% YoY
$56.5M
▲ 58.5% YoY
In brief

What this company does

Shake Shack Inc. serves made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer and wine. The company has expanded to 659 Shacks system-wide, comprising 373 Company-operated Shacks and 286 licensed Shacks, including locations in London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo and Seoul. As of December 31, 2025, it had 13,873 team members, of whom 13,427 were hourly team members and Shack-level managers and 446 were Shack Support Center personnel. Shake Shack Inc. was formed on September 23, 2014 as a Delaware corporation to facilitate an initial public offering and other related transactions in order to carry on the business of SSE Holdings, LLC and its subsidiaries. It originated in 2001, when Danny Meyer's Union Square Hospitality Group founded Shake Shack as a hot dog cart to support the rejuvenation of Madison Square Park in New York City.

Written from the business description in Shake Shack Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.4B
Revenue, FY2025 · full 9-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income 0.0
0.5B1.0B201720182019202020212022202320242025
Compound annual growth
+17.1%
+22.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +22.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.3% · Net 3.4%
5%-5%201720182019202020212022202320242025
ROE
FY2025 · ROE 9.2%
5%-5%-10%201720182019202020212022202320242025
Gross margin—
Operating margin4.3%
Net margin3.4%
Return on assets2.8%
EBITDAUSD 169.1M

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 56.5
20.0M40.0M-25.0M-50.0M201720182019202020212022202320242025
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 1.9B
EquityUSD 525.3M
CashUSD 360.1M
Gross debtUSD 247.7M
Net debtUSD -112.4M
Current ratio1.76×

The company holds more cash than debt.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017
Revenue $B1.41.31.10.90.70.50.60.50.4
Operating income $B0.10.00.0−0.0−0.0−0.00.00.00.0
EBITDA $B0.20.10.10.00.00.00.10.10.1
Income tax $B0.00.0−0.0−0.0−0.00.00.00.00.2
Net income $B0.00.00.0−0.0−0.0−0.00.00.0−0.0
Free cash flow $B0.10.0−0.0−0.1−0.0−0.0−0.0−0.00.0
EPS, diluted $1.090.240.48−0.54−0.12−1.140.610.52−0.01
Dividend / sh $·········
Payout %·········
ROE %9.22.24.7−5.2−1.1−11.97.66.7·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 9 of 19 fiscal years. 42 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating & Drinking Places
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2017

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