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Companies / Consumer Discretionary / Shake Shack Inc.
SHAK

Shake Shack Inc.

Ticker SHAKNEW YORK, NYFiscal year ends DecemberBook value per share $13.47Diluted shares 41.9M

Shake Shack Inc. (NYSE: SHAK) operates a fast-casual restaurant business serving modern versions of American classics, including made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, lemonades, beer and wine. Its customers dine at its restaurants, order through its app and website, or use third-party… From the company’s description.

Over the twelve months to Sep 30, 2026, Shake Shack Inc. reported revenue of $1.61B, up 17.1% from a year earlier, and net income of $47.35M. Its operating margin was 3.6%, and operations generated $199.17M in cash. In fiscal 2025, it reported revenue of $1.45B, up 15.4% from fiscal 2024, and net income of $49.71M.

Fiscal year 2025 · ends 12-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.45BFY2025
+15.4% year over year
Last 12 mo $1.61B
4.32%FY2025
+4.1 percentage points
Last 12 mo 3.63%
$49.71MFY2025
+359.4% year over year
Last 12 mo $47.35M
9.39%FY2025
+2 percentage points
Last 12 mo 8.21%
Cash & financing
$222.35MFY2025
+29.9% year over year
Last 12 mo $199.17M
$56.51MFY2025
+58.5% year over year
Last 12 mo $-22.39M
0.47FY2025
Was 0.52× a year earlier
Last 12 mo 0.44
41.8MFY2025
−5.3% year over year
Last 12 mo 41.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Shake Shack Inc. does

In the company’s own words

Shake Shack Inc. (NYSE: SHAK) operates a fast-casual restaurant business serving modern versions of American classics, including made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, lemonades, beer and wine. Its customers dine at its restaurants, order through its app and website, or use third-party delivery services. The company operates through Company-operated Shacks and licensed Shacks: at December 31, 2025, it had 373 Company-operated and 286 licensed locations, for 659 system-wide. Licensed locations extend its presence internationally and in U.S. airports, travel plazas and entertainment venues. Shake Shack began in 2001 as a hot dog cart founded by Union Square Hospitality Group and opened its first permanent location in Madison Square Park in 2004. In fiscal 2025, the company had 13,873 team members. Its website is www.shakeshack.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1620533
SIC
5810

Financial performance, year by year

Fiscal 2015–2025 · USD
$-210.90M$285.20M$781.31M$1.28B$1.77B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Shake Shack Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

254
funds hold it
0 of 35
superinvestors hold it
$1.07B
held by funds, at market
39.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Shake Shack Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.12%of fund net assets
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.07%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Shake Shack Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Shake Shack Inc.’s debt, $14.41M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Shake Shack Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Shake Shack Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Shake Shack Inc.'s last four quarterly filings that the numbers alone won't show?”
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