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Other financials

Income statement

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Revenue$417.6M+17.2%
Operating income$20.7M-7.3%
Net income$15.7M-8.6%
EPS (diluted)$0.37-9.8%

Balance sheet

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Cash & equivalents$308.0M-8.6%
Total debt$939.6M+12.2%
Total equity$544.3M+10.2%
Total assets$2.0B+9.9%

Cash flow

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Operating cash flow$57.0M-12.3%
Free cash flow-$736.0K-103%

Valuation

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Market cap$2.84B-37.6%
Enterprise value$3.47B-31.3%
P/E64.9×-157×
P/S1.8×-1.6×

Profitability

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Operating margin3.6%+2.3pp
Net margin2.8%+1.3pp
FCF margin-0.8%-4.2pp

Returns & leverage

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Return on equity8.4%+4.1pp
Debt / equity1.7×0.0×
Current ratio1.7×-0.2×

Where this comes from

Reported directly by Shake Shack in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Shake Shack’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:11 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001620533-26-000034
Line itemTwenty-Six Weeks Ended / July 12026Twenty-Six Weeks Ended / June 252025
Other long-term liabilities1,1333,389
NET CASH PROVIDED BY OPERATING ACTIVITIES65,46296,220
INVESTING ACTIVITIES
Purchases of property and equipment(104,901)(67,438)
NET CASH USED IN INVESTING ACTIVITIES(104,901)(67,438)
FINANCING ACTIVITIES
Payments on principal of finance leases(3,254)(2,631)
Distributions paid to non-controlling interest holders(2,817)(857)

Item 1. Financial Statements (Unaudited).

FAQ

What is Shake Shack's capex?
Shake Shack (SHAK) reported capex of $57.71M in Q2 2026.
How has Shake Shack's capex changed year-over-year?
Shake Shack's capex increased by 51.5% year-over-year, from $38.09M to $57.71M.
What is the long-term trend for Shake Shack's capex?
Over 4 years (2021 to 2025), Shake Shack's capex has grown at a 13.1% compound annual growth rate (CAGR), from $101.5M to $165.85M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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