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Shake Shack SHAK Business Segments — Food and paper costs

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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

Reported directly by Shake Shack in its filing.

Tagged under the XBRL concept shak:OperatingMaterialsExpense.

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 business segments — food and paper costs?
Shake Shack (SHAK) reported business segments — food and paper costs of $100.02M in Q1 2026.
How has Shake Shack's business segments — food and paper costs changed year-over-year?
Shake Shack's business segments — food and paper costs increased by 16.3% year-over-year, from $86.04M to $100.02M.
What is the long-term trend for Shake Shack's business segments — food and paper costs?
Over 3 years (2022 to 2025), Shake Shack's business segments — food and paper costs has grown at a 14.9% compound annual growth rate (CAGR), from $261.58M to $396.71M.
What does business segments — food and paper costs mean?
This represents the direct costs associated with food ingredients, packaging materials, and related supplies required to produce the goods sold. Monitoring this metric is essential for assessing the cost of goods sold and managing gross margin efficiency.