CoverageForm 410-K10-Q8-K13D13G13F

SHAK · Shake Shack Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · SHAK

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$1.45B$1.25B$1.09B$900.49M$739.89M$522.87M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$176.23M$149.05M$129.54M$118.79M$86.00M$64.25M
Total Operating Expenses$1.38B$1.25B$1.08B$927.38M$755.75M$566.74M
D&A$106.60M$102.47M$91.24M$72.80M$48.80M$48.80M
Operating Income$62.51M$3.04M$5.92M($26.89M)($15.85M)($43.88M)
Interest Expense$2.16M$2.04M$1.72M$1.52M$1.58M$815.0K
Income Tax$22.90M$3.42M($4.01M)$1.68M($7.22M)$57.0K
Net Income$45.73M$10.21M$20.26M($24.09M)($8.65M)($42.16M)
EPS - Basic$1.14$0.26$0.51($0.61)($0.22)($1.14)
EPS - Diluted$1.09$0.24$0.48($0.61)($0.22)($1.14)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$360.12M$320.71M$224.65M$230.52M$302.41M$146.87M
Accounts Receivable$32.96M$19.69M$16.85M$13.88M$13.66M$9.46M
Inventory$7.18M$6.01M$5.40M$4.18M$3.85M$2.89M
Accounts Payable$24.75M$23.61M$22.27M$20.41M$19.95M$23.49M
Current Assets$430.35M$368.22M$334.43M$343.99M$409.68M$203.19M
Total Assets$1.90B$1.70B$1.61B$1.49B$1.46B$1.15B
Current Liabilities$244.92M$187.31M$164.07M$147.72M$121.50M$109.70M
Long-term Debt$247.73M$246.68M$245.64M$244.59M$243.54M-
Total Liabilities$1.34B$1.20B$1.14B$1.08B$1.02B$710.86M
Stockholders' Equity$525.33M$470.02M$443.42M$395.12M$409.54M$407.32M
Retained Earnings$72.71M$26.98M$16.78M($20.54M)$3.55M$12.21M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$222.35M$171.16M$132.14M$76.74M$58.40M$37.35M
Investing Cash Flow($165.85M)($66.08M)($132.32M)($143.42M)($144.89M)($69.40M)
Financing Cash Flow($17.10M)($9.02M)($5.68M)($5.20M)$242.02M$141.82M
CapEx$165.85M$135.50M$146.17M$142.56M$101.50M$69.04M
Free Cash Flow$56.51M$35.66M($14.03M)($65.82M)($43.09M)($31.69M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin4.3%0.2%0.5%-3.0%-2.1%-8.4%
EBITDA margin11.7%8.4%8.9%5.1%4.5%0.9%
Net margin3.2%0.8%1.9%-2.7%-1.2%-8.1%
Free cash flow margin3.9%2.8%-1.3%-7.3%-5.8%-6.1%
FCF / Net income1.243.49-0.692.734.980.75
R&D / Revenue------
SG&A / Revenue12.2%11.9%11.9%13.2%11.6%12.3%
Effective tax rate33.4%25.1%-24.7%---
Return on assets2.4%0.6%1.3%-1.6%-0.6%-3.7%
Return on equity8.7%2.2%4.6%-6.1%-2.1%-10.4%
Return on invested capital5.4%0.3%0.9%-3.3%-1.9%-
Liquidity
Current ratio1.761.972.042.333.371.85
Quick ratio1.731.932.012.303.341.83
Cash ratio1.471.711.371.562.491.34
Leverage
Debt / Equity0.470.520.550.620.59-
Debt / Assets0.130.150.150.160.17-
Debt / EBITDA1.462.342.535.337.39-
Interest coverage29.0x1.5x3.4x-17.7x-10.1x-53.8x
Equity multiplier3.613.613.623.783.562.81
Liabilities / Assets0.710.710.710.720.700.62
Efficiency
Asset turnover0.760.740.680.600.510.46
Inventory turnover------
Days sales outstanding8d6d6d6d7d7d
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E74.5x540.8x154.4x---
P / B6.5x12.2x7.3x4.1x6.9x7.7x
P / S2.4x4.6x3.0x1.8x3.8x6.0x
EV / EBITDA19.4x53.7x33.7x35.8x83.8x609.9x
Growth
Revenue growth (YoY)15.4%15.2%20.8%21.7%41.5%-12.1%
Revenue CAGR (3y)17.1%19.2%27.6%14.8%--
Revenue CAGR (5y)22.6%16.1%----
Gross profit growth (YoY)------
Operating income growth (YoY)1957.5%-48.7%--69.6%63.9%-
Net income growth (YoY)348.0%-49.6%--178.3%79.5%-
EPS growth (YoY)354.2%-50.0%--177.3%80.7%-
EPS CAGR (3y)------
EPS CAGR (5y)--17.0%----
FCF growth (YoY)58.5%-78.7%-52.7%-36.0%-90.3%
FCF CAGR (5y)------
Book value growth (YoY)11.8%6.0%12.2%-3.5%0.5%36.3%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.45B total
Reportable Segment$1.45B · 100.0%

Product / service

$1.50B total
Shack Sales$1.39B · 92.8%
Franchise$54.14M · 3.6%
Sales Based Royalties$51.53M · 3.4%
Initial Territoryand Opening Fees$2.61M · 0.2%

Geographic

$1.45B total
US$1.41B · 97.4%
Non Us$38.21M · 2.6%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.13
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Retail-Eating & Drinking Places

CompanyRevenue (last FY)Net marginROE
WEN$2.18B7.6%140.6%
BROS$1.64B4.9%11.7%
SDOT$246.90M-37.8%162.7%
SBUX$37.18B5.0%-22.9%
CNNE$423.60M-121.2%-50.1%

Comparing Shake Shack Inc. against the 5 most active filers in the same SIC group.