Is the business good?
How good a business is SHAK?
Shake Shack Inc. earns 9.8% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
9.8%
Return on invested capital · cost of capital 9.0% · 0.79 points above what the capital costs: growth creates value
- Operating margin
- 3.8%
Operating margin · Restaurants median 8.6% · 12 months to Q1 2026
- Cash conversion
- 0.39×
Cash conversion · 3.22× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −3.8%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −8.4% |
| FY2021 | −2.1% |
| FY2022 | −3.0% |
| FY2023 | 0.54% |
| FY2024 | 0.24% |
| FY2025 | 4.3% |
Details›
- Operating margin12 months to Q1 2026
- 3.8%
- Net margin12 months to Q1 2026
- 2.8%
- Free cash flow margin
- 1.1%
- Revenue, trailing twelve months
- $1.49B
- Free cash flow, trailing twelve months
- $16M
- Net income, trailing twelve months
- $41M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.8%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.