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Companies / Consumer Discretionary / Shake Shack Inc.
SHAK

Shake Shack Inc.

Consumer DiscretionaryRetail
Ticker SHAKNEW YORK, NYFiscal year ends DecemberBook value per share $13.00Diluted shares 41.9M

Shake Shack Inc. (NYSE: SHAK) operates a fast-casual restaurant chain known for premium American classics including made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, and wine. The company's website is www.shakeshack.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-01
Sales & profitability
$1.45B
+15.4% year over year
Last 12 mo $1.55B
4.32%
+4.1 percentage points
Last 12 mo 3.57%
$49.71M
+359.4% year over year
Last 12 mo $43.30M
9.64%
+3.7 percentage points
Last 12 mo 7.30%
Cash & financing
$222.35M
+29.9% year over year
Last 12 mo $191.60M
$56.51M
+58.5% year over year
Last 12 mo $-11.72M
0.47
Was 0.52× a year earlier
Last 12 mo 0.46
41.8M
−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 chain known for premium American classics including made-to-order Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, and wine. The company's website is www.shakeshack.com.

Founded in 2001 by Danny Meyer's Union Square Hospitality Group as a hot dog cart in Madison Square Park, Shake Shack officially opened as a kiosk in 2004 and has since expanded into a globally recognized brand. The company operates through two primary business segments: Company-operated Shacks and Licensed Shacks. As of December 31, 2025, Shake Shack operated 659 Shacks system-wide, comprising 373 Company-operated locations and 286 licensed locations across markets including London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, and Seoul.

The company employs 13,873 team members, of which 13,427 are hourly team members and Shack-level managers, with 446 personnel at the Shack Support Center. Shake Shack's business model emphasizes fine-casual positioning with roots in fine dining, premium ingredient sourcing, and elevated guest experiences. The company sources 100 percent cage-free eggs domestically and maintains strict quality standards for beef, chicken, and other core ingredients through approved suppliers and processors.

Shake Shack's competitive advantages include its strong brand heritage originating from New York City, distinctive culinary innovation pipeline, digital capabilities including mobile app ordering and personalized loyalty programs, and multi-format development strategy encompassing urban core locations, suburban drive-thrus, small-format Shacks, and flagship experiences. The company maintains proprietary recipes and formulations for signature products including ShackSauce, the 'Shroom Burger, and various custard bases, along with exclusive arrangements for specialty items like ShackMeister Ale and house wines.

The company's growth strategy focuses on expanding its Company-operated footprint toward approximately 1,500 locations while maintaining disciplined development practices, reducing build costs through standardization, and expanding its licensed business internationally through strategic partnerships. Digital evolution remains central to the strategy, with investments in personalization, loyalty programs, kiosk technology, and omnichannel ordering across the company app, web, and third-party delivery platforms.

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

Financial performance, year by year

Fiscal 2015–2025 · USD
$-205.32M$274.03M$753.38M$1.23B$1.71B20152016201720182019202020212022202320242025Last 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
0.55%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. Weighted-average coupon 0.00%, maturing 2028 to 2028.

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.

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  • “How do Shake Shack Inc. and its peers compare on margins and cash generation over ten years?”
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