Growth Metrics

Shake Shack (SHAK) Gross Margin (2016 - 2025)

Shake Shack (SHAK) has disclosed Gross Margin for 12 consecutive years, with 85.05% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 65.0% to 85.05% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 85.28% through Dec 2025, down 47.0% year-over-year, with the annual reading at 85.28% for FY2025, 47.0% down from the prior year.
  • Gross Margin for Q4 2025 was 85.05% at Shake Shack, roughly flat from 85.36% in the prior quarter.
  • The five-year high for Gross Margin was 87.05% in Q2 2021, with the low at 84.96% in Q1 2025.
  • Average Gross Margin over 5 years is 85.81%, with a median of 85.73% recorded in 2025.
  • Peak annual rise in Gross Margin hit 263bps in 2021, while the deepest fall reached -249bps in 2021.
  • Over 5 years, Gross Margin stood at 86.22% in 2021, then fell by 0bps to 85.89% in 2022, then decreased by 0bps to 85.64% in 2023, then increased by 0bps to 85.7% in 2024, then dropped by -1bps to 85.05% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 85.05%, 85.36%, and 85.76% for Q4 2025, Q3 2025, and Q2 2025 respectively.