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Fast-casual burger, chicken sandwich and shake chain operating company-run and internationally licensed restaurants.
Fast-casual burger, chicken sandwich and shake chain operating company-run and internationally licensed restaurants.
Earns most from sales at restaurants it runs itself, so growth comes from opening new ones. Licensed restaurants, often in airports, stadiums and overseas, pay it a licence fee on their sales. It began as a hot dog cart set up by Danny Meyer's Union Square Hospitality Group in 2001.
Moat: narrow (brand). Premium 'better burger' brand commands loyalty, though the format is capital-intensive to scale.
Headquarters: New York, New York, US · Founded: 2004 · Employees: 13,873
Size Shake Shack (SHAK) is a United States Consumer Discretionary company (Restaurants) with a market value of $3.08B, the 1530th largest of 3,117 United States companies the cockpit tracks. Shares closed at $71.89 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against +19.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 17.3% over the last twelve months (peer median +10.1%); the operating margin is 5.5% (peer median 7.4%).
Valuation It trades at 55.7× forward earnings against a peer median of 31.0× (5th most expensive of 20).
Capital Return on invested capital runs 6.3 points below its cost of capital (11.7% WACC).
Backlog Backlog (remaining performance obligations) was $25.7M at 30 Sep 2026, down 7% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Shake Shack has 1 bond outstanding ($250M).
Short interest Short interest is 9.0% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.55B | $1.45B | $1.25B | $1.09B | $900M |
| Revenue growth | — | +15% | +15% | +21% | — |
| Gross profit | $277M | $260M | $198M | $156M | $109M |
| EBITDA | $200M | $195M | $156M | $121M | $64.9M |
| Net income | $39.7M | $45.7M | $10.2M | $20.3M | -$21.2M |
| Free cash flow | -$11.7M | $56.5M | $35.7M | -$14.0M | -$65.8M |
| Capital expenditure | $203M | $166M | $135M | $146M | $143M |
| Total debt | $952M | $902M | $810M | $771M | $721M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shake Shack SHAK | $3.08B | +2% | +17% | 5% | 55.7× | n/a |
| Wendy's WEN | $1.55B | +12% | -1% | 13% | 17.9× | 2.4% |
| McDonald's MCD | $196B | 0% | +6% | 46% | 20.7× | 4.1% |
| Restaurant Brands International QSR | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% |
| Jack in the Box JACK | n/a | +2% | n/a | n/a | n/a | n/a |
| Portillo's PTLO | $504M | +54% | +3% | 6% | 31.0× | n/a |
| Chipotle Mexican Grill CMG | $43.6B | +6% | +8% | 15% | 27.1× | 15.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SHAK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.8% | +7.4% | 11th highest of 21 |
| 6-month return | +2.5% | +19.4% | 5th lowest of 20 |
| Distance from 52-week high | -33.1% | -11.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | +17.3% | +10.1% | 5th highest of 21 |
| Operating margin | 5.5% | 7.4% | 6th lowest of 21 |
| Forward P/E | 55.7× | 31.0× | 5th most expensive of 20 |
| ROIC minus cost of capital | -6.3 pp | +0.5 pp | 3rd lowest of 21 |
| EV / EBITDA | 18.7× | 14.2× | 7th most expensive of 21 |
| Net debt / EBITDA | 3.2× | 2.7× | 10th most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shake Shack SHAK | United States | $3.08B | +2% | +17% | 5% | 55.7× | n/a | n/a |
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| TORIDOLL 3397.T | Japan | $2.68B | +19% | +3% | 7% | 57.7× | 5.9% | +15.6% |
| Mitchells & Butlers MAB.L | United Kingdom | $2.56B | +25% | +3% | 12% | 10.2× | 4.7% | +12.9% |
| Saizeriya 7581.T | Japan | $2.52B | +60% | +17% | 5% | 26.9× | 4.6% | +19.0% |
| create restaurants 3387.T | Japan | $2.34B | +14% | +3% | 5% | 65.7× | 17.8% | +17.3% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| SSP SSPG.L | United Kingdom | $1.87B | +17% | +5% | 7% | 13.9× | 2.6% | +20.5% |
| Yoshinoya 9861.T | Japan | $1.84B | +42% | +10% | 4% | 45.5× | 11.2% | +5.8% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Guzman y Gomez GYG.AX | Australia | $1.82B | +55% | +19% | 17% | 51.0× | 32.7% | +34.2% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Devyani International DEVYANI.NS | India | $1.68B | +8% | +14% | 4% | 323.9× | 52.1% | +37.6% |
| Travel Food Services TRAVELFOOD.NS | India | $1.63B | -6% | -2% | 30% | 31.7× | 13.0% | +15.6% |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Wendy's WEN | United States | $1.55B | +12% | -1% | 13% | 17.9× | 2.4% | +4.7% |
| Colowide 7616.T | Japan | $1.51B | +21% | +16% | 4% | n/a | 13.6% | +12.3% |
| Monogatari 3097.T | Japan | $1.50B | +43% | +22% | 8% | 25.4× | 2.0% | +18.8% |
| Domino's Pizza Enterprises DMP.AX | Australia | $1.48B | +48% | -11% | 5% | 16.9× | 17.9% | -1.4% |
| Arcos Dorados ARCO | United States | $1.45B | -23% | +11% | 6% | 9.1× | -3.5% | +18.7% |
Shake Shack has 1 bond outstanding with $250M face value.
Shake Shack reported $25.7M of remaining performance obligations at 30 Sep 2026, down 7% from a year earlier and down 2% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.