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Shake Shack SHAK Return on invested capital

Return on invested capital at other companies

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McDonald'sMCD
25.3%+5.5pp
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
19.1%-2.0pp
Dutch Bros logo
Dutch BrosBROS
11.4%+1.8pp
Wingstop logo
WingstopWING
43%-7.7pp
Texas Roadhouse logo
Texas RoadhouseTXRH
19%-3.7pp

Other financials

Income statement

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Revenue$366.7M+14.3%
Operating income-$2.6M-193%
Net income-$290.0K-107%
EPS (diluted)-$0.01-110%

Balance sheet

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Cash & equivalents$313.7M+0.2%
Total debt$925.2M+12.2%
Total equity$525.9M+11.1%
Total assets$1.9B+11.0%

Cash flow

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Operating cash flow$8.5M-72.8%
CapEx$47.2M+60.8%
Free cash flow-$38.7M-2,170%

Valuation

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Market cap$2.18B+0.8%
Enterprise value$2.8B+3.2%
P/E48.4×-126×
P/S1.5×-0.2×

Profitability

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Operating margin3.8%+3.4pp
Net margin3%+2.1pp
FCF margin1.1%-2.0pp

Returns & leverage

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Return on equity9%+6.3pp
Debt / equity1.8×0.0×
Current ratio1.7×-0.2×

Where this comes from

Calculated from Shake Shack’s reported figures.

Based on trailing twelve months.

The official record: Shake Shack’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Shake Shack's return on invested capital?
Shake Shack (SHAK) reported return on invested capital of 3.6% in Q1 2026.
How has Shake Shack's return on invested capital changed year-over-year?
Shake Shack's return on invested capital increased by 667.4% year-over-year, from 0.5% to 3.6%.
What is the long-term trend for Shake Shack's return on invested capital?
Over 5 years (2020 to 2025), Shake Shack's return on invested capital has grown at a -9.5% compound annual growth rate (CAGR), from -7% to 4.3%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.