Shake Shack profit margin SHAK
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- 2.6%
- Operating margin, 12 months
- 3.6%
- Net margin on a year earlier
- +1.1 pts
- Peer median
- 4.7%
Over the twelve months to Jul 1, 2026, Shake Shack kept 2.6% of its revenue as net profit, with an operating margin of 3.6%.
Five years earlier its net margin was −3.4%.
The median for 10 restaurant stocks of a similar size is 4.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.2% | 4.3% | n/a |
| FY2024 | 0.8% | 0.2% | n/a |
| FY2023 | 1.9% | 0.5% | n/a |
| FY2022 | −2.7% | −3.0% | n/a |
| FY2021 | −1.2% | −2.1% | n/a |
| FY2020 | −8.1% | −8.4% | n/a |
| FY2019 | 3.3% | 4.3% | 71.7% |
| FY2018 | 3.3% | 6.9% | 72.5% |
| FY2017 | −0.1% | 9.4% | n/a |
| FY2016 | 4.6% | 10.4% | n/a |
| FY2015 | −4.6% | 3.5% | n/a |
| FY2014 | 1.8% | 2.7% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 2.6% | +1.1 pts | 3.6% | |
| Q1 FY26 | 2.8% | +1.8 pts | 3.8% | |
| Q4 FY25 | 3.2% | +2.3 pts | 4.3% | |
| Q3 FY25 | 3.1% | +2.4 pts | 3.9% | |
| Q2 FY25 | 1.5% | −0.8 pts | 1.3% | |
| Q1 FY25 | 1.0% | −1.2 pts | 0.5% | |
| Q4 FY24 | 0.8% | −1.0 pts | 0.2% | |
| Q3 FY24 | 0.7% | +0.5 pts | −0.7% | |
| Q2 FY24 | 2.3% | +3.0 pts | 1.3% | |
| Q1 FY24 | 2.1% | +3.7 pts | 0.8% | |
| Q4 FY23 | 1.9% | +4.5 pts | 0.5% | |
| Q3 FY23 | 0.2% | +2.9 pts | 0.1% |
Against its peers
Companies in Restaurants nearest Shake Shack's size, closest first, today.
| Company | Profit margin |
|---|---|
| SHAKShake Shack | 2.6% |
| WINGWingstop | 16.2% |
| CBRLCracker Barrel Old Country Store | 1.0% |
| CAKECheesecake Factory | 4.6% |
| CAVACava | 4.8% |
| BJRIBJs RESTAURANTS INC | 2.9% |
| WENWendy's | 5.7% |
| SGSweetgreen | 2.0% |
| BROSDutch Bros | 4.9% |
| EATBrinker International | 8.4% |
| BLMNBloomin' Brands | 0.7% |
| Peer median | 4.7% |
Where Shake Shack ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Shake Shack
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.