Shake Shack (SHAK) Gross Margin (2014 - 2026)
Shake Shack (SHAK) reported Gross Margin of 84.32% for Q2 2026, down 64.0% year-over-year from 234.22% in Q2 2025, and down 0.86% on a QoQ basis from 85.05% in Q4 2025.
Shake Shack (SHAK) has 13 years of Gross Margin data on file, last reported at 84.32% in Q2 2026.
- Quarterly Gross Margin fell 64.0% year-over-year to 84.32% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 85.12% (down 48.0% YoY) and the FY2025 annual result came in at 85.28%, down 47.0% from the prior year.
- Gross Margin retreated 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.
- The 5-year median for Gross Margin is 85.64% (2023), against an average of 85.64%.
- The widest annual swing landed in 2022, when Gross Margin slumped 106 bps; it then surged 128 bps in 2023.
- Tracing SHAK's Gross Margin over 5 years: stood at 85.89% in 2022, then retreated by 0 bps to 85.64% in 2023, then gained by 0 bps to 85.7% in 2024, then slipped by 1 bps to 85.05% in 2025, then declined by 1 bps to 84.32% in 2026.
- Per Business Quant, the three latest SHAK Gross Margin figures stand at 84.32% (Q2 2026), 85.05% (Q4 2025), and 85.36% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 110.27 Bn | 108.58 Bn | 9.40 Bn | 98.63% |
| 2 | Yum Brands | 40.90 Bn | 40.21 Bn | 1.38 Bn | 67.12% |
| 3 | Chipotle Mexican Grill | 39.62 Bn | 38.75 Bn | 2.61 Bn | 84.44% |
| 4 | Restaurant Brands International | 25.25 Bn | 25.79 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 23.41 Bn | 23.17 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.07 Bn | 13.64 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.59 Bn | 11.39 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.27 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 8.67 Bn | 8.28 Bn | 797.57 Mn | 290.04% |
| 10 | Shake Shack | 2.51 Bn | 2.22 Bn | 309.23 Mn | 84.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 87.05% |
| Mar 31, 2021 | 85.10% |
| Dec 30, 2020 | 85.78% |
| Sep 23, 2020 | 85.63% |
| Jun 24, 2020 | 84.42% |
| Mar 25, 2020 | 87.58% |
| Dec 25, 2019 | 88.18% |
| Sep 25, 2019 | 87.99% |
| Jun 26, 2019 | 89.03% |
| Mar 27, 2019 | 88.26% |
| Dec 26, 2018 | 87.73% |
| Sep 26, 2018 | 72.67% |
| Jun 27, 2018 | 72.76% |
| Mar 28, 2018 | 89.15% |
| Dec 27, 2017 | 24.11% |
| Sep 27, 2017 | 72.77% |
| Jun 28, 2017 | 90.71% |
| Mar 29, 2017 | 72.41% |
| Dec 28, 2016 | 72.40% |
| Sep 28, 2016 | 91.18% |
| Jun 29, 2016 | 91.01% |
| Mar 30, 2016 | 72.25% |
| Dec 30, 2015 | 90.74% |
| Sep 30, 2015 | 91.79% |
| Jul 1, 2015 | 92.32% |
| Apr 1, 2015 | 90.80% |
| Dec 31, 2014 | 90.44% |
| Sep 24, 2014 | 70.65% |
| Jun 25, 2014 | 71.18% |
| Mar 26, 2014 | 71.43% |