# Shake Shack Inc. (SHAK)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $2.28B  
**Price:** $54.48 (+1.30%)

> Shake Shack Inc. is a fast-casual restaurant company specializing in premium, made-to-order burgers, chicken sandwiches, hot dogs, and related American-style fare. The brand emphasizes high-quality ingredients, including all-natural, hormone- and antibiotic-free Angus beef and non-GMO potato buns, aiming to deliver a differentiated burger experience in the quick-service landscape. In addition to its core food offerings, Shake Shack serves crinkle-cut fries, frozen custard, hand-spun shakes, and a beverage lineup that includes draft root beer, seasonal lemonades, organic iced tea, coffee-based drinks, and bottled water. The company operates company-owned and licensed locations across multiple domestic and international markets, typically in high-traffic urban centers, shopping destinations, transit hubs, and select suburban areas. Shake Shack Inc. currently focuses on the restaurant and hospitality sector, competing within the broader consumer cyclical space, and positions itself between traditional fast food and full-service dining by combining quick service with an elevated menu and modern store design. The company is headquartered in New York City, United States.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.45B | — | $63M | $46M | $1.09 |
| 2024 | $1.25B | — | $3M | $10M | $0.24 |
| 2023 | $1.09B | — | $6M | $20M | $0.48 |
| 2022 | $900M | — | -$27M | -$21M | $-0.54 |
| 2021 | $740M | — | -$16M | -$5M | $-0.12 |
| 2020 | $523M | — | -$44M | -$42M | $-1.14 |
| 2019 | $595M | — | $26M | $20M | $0.61 |
| 2018 | $459M | — | $32M | $15M | $0.52 |
| 2017 | $359M | — | $34M | -$320,000 | $-0.01 |
| 2016 | $268M | — | $28M | $12M | $0.53 |
| 2015 | $191M | — | $7M | -$9M | $-0.65 |
| 2014 | $119M | — | $3M | $2M | $0.07 |
| 2013 | $82M | — | $6M | $5M | $0.18 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.90B | $1.34B | $525M | $360M | $248M |
| 2024 | $1.70B | $1.20B | $470M | $321M | $247M |
| 2023 | $1.61B | $1.14B | $443M | $225M | $246M |
| 2022 | $1.51B | $1.08B | $412M | $231M | $245M |
| 2021 | $1.47B | $1.02B | $410M | $302M | $244M |
| 2020 | $1.15B | $711M | $407M | $147M | — |
| 2019 | $968M | $646M | $299M | $37M | — |
| 2018 | $611M | $337M | $226M | $25M | — |
| 2017 | $471M | $246M | $169M | $22M | — |
| 2016 | $538M | $337M | $152M | $12M | — |
| 2015 | $380M | $223M | $101M | $71M | $313,000 |
| 2014 | $83M | $70M | $13M | $3M | $313,000 |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $222M | $166M | $57M |
| 2024 | $171M | $135M | $36M |
| 2023 | $132M | $146M | -$14M |
| 2022 | $77M | $143M | -$66M |
| 2021 | $58M | $101M | -$43M |
| 2020 | $37M | $69M | -$32M |
| 2019 | $90M | $107M | -$17M |
| 2018 | $85M | $88M | -$2M |
| 2017 | $71M | $62M | $9M |
| 2016 | $54M | $54M | -$148,000 |
| 2015 | $41M | $32M | $9M |
| 2014 | $14M | $29M | -$15M |
| 2013 | $13M | $16M | -$3M |

Source: [CompaniesByCap](https://companiesbycap.com/company/SHAK)