To the full analysis
Shake Shack stock: growth
SHAKShake Shack reported $1.45B in revenue for fiscal 2025, up 15.4% on the prior year, up 22.6% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
28.2%
per year from 2012 to 2025, per share −1.8%
Earnings (Annual rate)
20.3%
per year from 2012 to 2025, per share −7.9%
Free cash flow (Annual rate)
41.1%
per year from 2012 to 2025, per share 8.1%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2012 | |
|---|---|---|---|
| Revenue | 22.6% | 22.5% | 28.2% |
| Revenue per share | 20.6% | 9.8% | −1.8% |
| Earnings | no data | no data | 20.3% |
| Earnings per share | no data | no data | −7.9% |
| Free cash flow | no data | 20.0% | 41.1% |
| Free cash flow per share | no data | 7.6% | 8.1% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2012 | $57.04M | $4.13M | $642K |
| 2013 | $82.46M | $5.42M | −$3.27M |
| 2014 | $118.53M | $2.12M | −$14.93M |
| 2015 | $190.59M | −$8.78M | $9.14M |
| 2016 | $268.48M | $12.45M | −$148K |
| 2017 | $358.81M | −$320K | $9.35M |
| 2018 | $459.31M | $15.18M | −$2.13M |
| 2019 | $594.52M | $19.83M | −$16.94M |
| 2020 | $522.87M | −$42.16M | −$31.69M |
| 2021 | $739.89M | −$4.56M | −$43.09M |
| 2022 | $900.49M | −$21.23M | −$65.82M |
| 2023 | $1.09B | $20.26M | −$14.03M |
| 2024 | $1.25B | $10.21M | $35.66M |
| 2025 | $1.45B | $45.73M | $56.51M |
Revenue by segment
How Shake Shack Inc. makes its money and how that has shifted. Names are as the company reports them.
- Shack Sales96%
- Sales-Based Royalties4%
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|
| Shack Sales | $574.63M | $506.34M | $714.99M | $869.27M | $1.05B | $1.21B | $1.39B | 96.3% |
| Sales-Based Royalties | $19.32M | $15.77M | $24.15M | $30.2M | $39.85M | $43.49M | $51.53M | 3.6% |
| Total revenue | $594.52M | $522.87M | $739.89M | $900.49M | $1.09B | $1.25B | $1.45B | 100% |
Revenue by region
Where Shake Shack Inc. generates its revenue.
- United States97%
- Outside the US3%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $260.6M | $348.58M | $447.58M | $578.7M | $508.29M | $718.13M | $875.05M | $1.06B | $1.22B | $1.41B | 97.4% |
| Outside the US | $7.87M | $10.24M | $11.74M | $15.82M | $14.58M | $21.77M | $25.44M | $30.78M | $33.25M | $38.21M | 2.6% |
| Total revenue | $268.48M | $358.81M | $459.31M | $594.52M | $522.87M | $739.89M | $900.49M | $1.09B | $1.25B | $1.45B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 1 May 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.