Shake Shack (SHAK) Gross Margin (2014 - 2026)
Shake Shack's (SHAK) quarterly Gross Margin came in at 84.89% in Q3 2026, down 87.0% year-over-year from 652.97% in Q3 2025, and up 0.67% quarter-over-quarter from 84.32% in Q2 2026.
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Analysis
Shake Shack (SHAK) Gross Margin (2014 - 2026) Analysis & Trends
Shake Shack (SHAK) has reported Gross Margin for 13 consecutive years, with 84.89% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Gross Margin fell 87.0% year-over-year to 84.89% in Q3 2026; TTM through Jul 2026 was 84.91%, a 61.0% decrease from a year earlier, with the FY2025 full-year figure at 85.28%, down 47.0% from the prior year.
- Gross Margin was 84.89% for Q3 2026 at Shake Shack, up from 84.32% in the prior quarter.
- Over five years, Gross Margin peaked at 86.72% in Q2 2023 and troughed at 84.32% in Q2 2026.
- A 5-year average of 85.6% and a median of 85.63% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 106 bps in 2022 and soared 128 bps in 2023, its largest moves.
- Over 5 years, Gross Margin stood at 85.89% in 2022, then decreased by 0 bps to 85.64% in 2023, then advanced by 0 bps to 85.7% in 2024, then dropped by 1 bps to 85.05% in 2025, then decreased by 0 bps to 84.89% in 2026.
- The last three Gross Margin figures came in at 84.89% (Q3 2026), 84.32% (Q2 2026), and 85.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 168.67 Bn | 167.85 Bn | 6.42 Bn | 90.42% |
| 2 | Starbucks | 107.32 Bn | 103.72 Bn | 6.49 Bn | 69.66% |
| 3 | Chipotle Mexican Grill | 41.40 Bn | 40.73 Bn | 2.35 Bn | 70.33% |
| 4 | Yum Brands | 38.39 Bn | 37.72 Bn | 1.47 Bn | 67.73% |
| 5 | Restaurant Brands International | 25.02 Bn | 25.51 Bn | 1.89 Bn | 74.80% |
| 6 | Darden Restaurants | 24.39 Bn | 24.17 Bn | 3.68 Bn | 98.84% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 15.95 Bn | 1.89 Bn | 74.80% |
| 8 | Yum China Holdings | 14.09 Bn | 13.41 Bn | 2.22 Bn | 70.75% |
| 9 | Texas Roadhouse | 10.81 Bn | 10.63 Bn | 1.44 Bn | 85.89% |
| 10 | Shake Shack | 2.36 Bn | 2.08 Bn | 354.50 Mn | 84.89% |
Historic Data
Download Data
Historic 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% |
API Access
Shake Shack Gross Margin 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=gross-margin&ticker=SHAK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=SHAK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();