Shake Shack SHAK Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 3.8%+3.4pp | 4.3%+4.1pp | 3.9%— | 1.3%— | 0.5%— | |
| Net margin | 3%+2.1pp | 3.4%+2.6pp | 3.1%+2.4pp | 1.5%-0.8pp | 1%-1.2pp | |
| EBITDA margin | 11.1%+2.6pp | 11.7%+3.3pp | 11.6%+3.7pp | 9.2%-0.8pp | 8.5%-1.1pp | |
| Free cash flow margin | 1.1%-2.0pp | 3.9%+1.1pp | 4.6%— | 3.5%— | 3.1%— | |
| Returns | ||||||
| Return on equity | 9%+6.3pp | 10%+7.8pp | 8.8%+6.9pp | 4.2%-1.8pp | 2.7%-2.9pp | |
| Return on assets | 2.5%+1.7pp | 2.8%+2.1pp | 2.4%+1.9pp | 1.2%-0.5pp | 0.7%-0.8pp | |
| Return on invested capital | 3.6%+3.1pp | 4.3%+4.0pp | 4%+4.5pp | 1.4%-0.6pp | 0.5%-0.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×+0.1× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.7×-0.2× | 1.8×-0.2× | 1.8×-0.2× | 1.9×-0.1× | 1.9×-0.1× | |
| Quick ratio | 1.7×-0.2× | 1.7×-0.2× | 1.8×-0.2× | 1.9×-0.1× | 1.9×-0.1× | |
| Cash ratio | 1.3×-0.3× | 1.5×-0.2× | 1.6×-0.2× | 1.7×-0.1× | 1.6×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.8×0.0× | 1.7×0.0× | 1.7×-0.1× | 1.7×0.0× | 1.7×0.0× | |
| Debt-to-assets | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Net debt / EBITDA | 3.7×-1.0× | 3.1×-1.4× | 3.1×-2.1× | 4.1×-0.1× | 4.7×-0.1× | |
| Interest coverage | 26.6×+23.8× | 29×+27.5× | 25.4×+28.0× | 8.2×-1.3× | 2.8×-4.0× | |
| Per Share | ||||||
| Book value per share | $13.05+15.5% | $12.55+18.1% | $12.16+6.6% | $11.82+6.0% | $11.31+4.5% | |
| Valuation | ||||||
| Market capitalization | $3.56B+0.8% | $3.27B-37.1% | $3.77B-8.2% | $5.39B+51.5% | $3.53B-14.0% | |
| Enterprise value | $4.17B+3.2% | $3.8B-33.1% | $4.26B-7.3% | $5.89B+45.5% | $4.05B-12.6% | |
| Price / earnings | 78.8×-206× | 65.7×-443× | 88.4×-382× | 270.8×+137× | 284.7×+112× | |
| Price / sales | 2.4×-0.4× | 2.3×-1.9× | 2.7×-0.6× | 4.1×+1.0× | 2.8×-0.9× | |
| Price / book | 6.8×-0.7× | 6.2×-4.8× | 7.4×-1.6× | 10.9×+3.2× | 7.5×-1.7× | |
| EV / EBITDA | 25.1×-11.9× | 22.5×-31.3× | 26.6×-21.2× | 48.2×+13.7× | 37×-6.0× | |
| EV / sales | 2.8×-0.4× | 2.6×-1.9× | 3.1×-0.7× | 4.5×+1.0× | 3.2×-1.0× | |
| Free cash flow yield | 0.4%-0.7pp | 1.7%+1.0pp | 1.7%— | 0.9%— | 1.1%— | |
| Earnings yield | 1.3%+0.9pp | 1.5%+1.3pp | 1.1%+0.9pp | 0.4%-0.4pp | 0.4%-0.2pp | |
| PEG ratio | 0.3×— | 0.2×— | 0.2×-6.7× | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Shake Shack's ratios come from?
- Every ratio is computed from Shake Shack's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
