Shake Shack (SHAK) Gross Margin (2014 - 2026)
Shake Shack (SHAK) posted quarterly Gross Margin of 84.32% for Q2 2026, down 64.0% year-over-year from 234.22% in Q2 2025, and down 0.86% quarter-over-quarter from 85.05% in Q4 2025.
Shake Shack (SHAK) Gross Margin (2014 - 2026) Analysis & Trends
Shake Shack (SHAK) has reported Gross Margin for 13 consecutive years, with 84.32% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 64.0% year-over-year to 84.32%; the TTM figure through Apr 2026 stood at 85.12% (down 48.0% YoY), while the FY2025 annual figure was 85.28%, down 47.0% from the prior year.
- Gross Margin eased to 84.32% in Q2 2026 per SHAK's latest filing, from 85.05% in the prior quarter.
- Across five years, Gross Margin topped out at 86.72% in Q2 2023 and bottomed at 84.32% in Q2 2026.
- Historically, Gross Margin has averaged 85.64% across 5 years, with a median of 85.64% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 106 bps — and 2023, when it jumped 128 bps.
- Shake Shack's Gross Margin stood at 85.89% in 2022, then dropped by 0 bps to 85.64% in 2023, then grew by 0 bps to 85.7% in 2024, then fell by 1 bps to 85.05% in 2025, then decreased by 1 bps to 84.32% in 2026.
- Business Quant data shows SHAK's Gross Margin at 84.32% in Q2 2026, 85.05% in Q4 2025, and 85.36% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 85.89% |
| 10 | Shake Shack | 3.02 Bn | 2.74 Bn | 354.50 Mn | 84.89% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 1, 2026 | 84.89% |
| Apr 1, 2026 | 84.32% |
| Dec 31, 2025 | 85.05% |
| Sep 24, 2025 | 85.36% |
| Jun 25, 2025 | 85.76% |
| Mar 26, 2025 | 84.96% |
| Dec 25, 2024 | 85.70% |
| Sep 25, 2024 | 85.62% |
| Jun 26, 2024 | 86.11% |
| Mar 27, 2024 | 85.59% |
| Dec 27, 2023 | 85.64% |
| Sep 27, 2023 | 86.49% |
| Jun 28, 2023 | 86.72% |
| Mar 29, 2023 | 86.21% |
| Dec 28, 2022 | 85.89% |
| Sep 28, 2022 | 85.22% |
| Jun 29, 2022 | 86.07% |
| Mar 30, 2022 | 85.17% |
| Dec 29, 2021 | 86.22% |
| Sep 29, 2021 | 86.27% |