Shake Shack (SHAK) Cost of Revenue (2014 - 2026)
Shake Shack's (SHAK) quarterly Cost of Revenue came in at $63.1 million in Q3 2026, up 24.33% year-over-year from $50.8 million in Q3 2025, and up 9.75% quarter-over-quarter from $57.5 million in Q2 2026.
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Analysis
Shake Shack (SHAK) Cost of Revenue (2014 - 2026) Analysis & Trends
Shake Shack (SHAK) has reported Cost of Revenue for 13 consecutive years, with $63.1 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Cost of Revenue rose 24.33% year-over-year to $63.1 million in Q3 2026; TTM through Jul 2026 was $234.3 million, a 22.27% increase from a year earlier, with the FY2025 full-year figure at $212.7 million, up 19.23% from the prior year.
- Cost of Revenue was $63.1 million for Q3 2026 at Shake Shack, up from $57.5 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $63.1 million in Q3 2026 and troughed at $30.2 million in Q1 2022.
- A 5-year average of $43.9 million and a median of $42.9 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue soared 32.44% in 2022 and rose 10.77% in 2023, its largest moves.
- Over 5 years, Cost of Revenue stood at $33.6 million in 2022, then increased by 22.14% to $41.1 million in 2023, then advanced by 14.38% to $47.0 million in 2024, then climbed by 27.36% to $59.9 million in 2025, then increased by 5.43% to $63.1 million in 2026.
- The last three Cost of Revenue figures came in at $63.1 million (Q3 2026), $57.5 million (Q2 2026), and $59.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 680.00 Mn |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 2.83 Bn |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 993.57 Mn |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 700.00 Mn |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 635.00 Mn |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 43.20 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 635.00 Mn |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 918.00 Mn |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 237.02 Mn |
| 10 | Shake Shack | 2.36 Bn | 2.08 Bn | 354.50 Mn | 63.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 1, 2026 | 63.12 Mn |
| Apr 1, 2026 | 57.51 Mn |
| Dec 31, 2025 | 59.87 Mn |
| Sep 24, 2025 | 53.78 Mn |
| Jun 25, 2025 | 50.77 Mn |
| Mar 26, 2025 | 48.26 Mn |
| Dec 25, 2024 | 47.01 Mn |
| Sep 25, 2024 | 45.56 Mn |
| Jun 26, 2024 | 43.95 Mn |
| Mar 27, 2024 | 41.86 Mn |
| Dec 27, 2023 | 41.10 Mn |
| Sep 27, 2023 | 37.31 Mn |
| Jun 28, 2023 | 36.11 Mn |
| Mar 29, 2023 | 34.94 Mn |
| Dec 28, 2022 | 33.65 Mn |
| Sep 28, 2022 | 33.68 Mn |
| Jun 29, 2022 | 32.15 Mn |
| Mar 30, 2022 | 30.17 Mn |
| Dec 29, 2021 | 28.00 Mn |
| Sep 29, 2021 | 26.61 Mn |
API Access
Shake Shack Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SHAK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SHAK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SHAK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();