Shake Shack (SHAK) Operating Leases (2018 - 2026)
Shake Shack (SHAK) posted quarterly Operating Leases of $608.6 million for Q2 2026, up 9.28% year-over-year from $556.9 million in Q2 2025, and up 5.82% quarter-over-quarter from $575.1 million in Q4 2025.
Shake Shack (SHAK) Operating Leases (2018 - 2026) Analysis & Trends
Shake Shack (SHAK) has reported Operating Leases for 9 consecutive years, with $608.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Leases rose 9.28% year-over-year to $608.6 million; the TTM figure through Apr 2026 stood at $608.6 million (up 9.28% YoY), while the FY2025 annual figure was $575.1 million, up 16.31% from the prior year.
- Operating Leases improved to $608.6 million in Q2 2026 per SHAK's latest filing, from $575.1 million in the prior quarter.
- Across five years, Operating Leases topped out at $608.6 million in Q2 2026 and bottomed at $399.5 million in Q1 2022.
- Historically, Operating Leases has averaged $495.7 million across 5 years, with a median of $487.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Leases dropped 0.16% — and 2024, when it rose 17.27%.
- Shake Shack's Operating Leases stood at $427.2 million in 2022, then advanced by 8.73% to $464.5 million in 2023, then climbed by 6.45% to $494.5 million in 2024, then increased by 16.31% to $575.1 million in 2025, then climbed by 5.82% to $608.6 million in 2026.
- Business Quant data shows SHAK's Operating Leases at $608.6 million in Q2 2026, $575.1 million in Q4 2025, and $584.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn |
| 10 | Shake Shack | 3.02 Bn | 2.74 Bn | 354.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 1, 2026 | 669.83 Mn |
| Apr 1, 2026 | 608.61 Mn |
| Dec 31, 2025 | 575.14 Mn |
| Sep 24, 2025 | 584.00 Mn |
| Jun 25, 2025 | 569.52 Mn |
| Mar 26, 2025 | 556.92 Mn |
| Dec 25, 2024 | 494.50 Mn |
| Sep 25, 2024 | 543.39 Mn |
| Jun 26, 2024 | 487.60 Mn |
| Mar 27, 2024 | 515.19 Mn |
| Dec 27, 2023 | 464.53 Mn |
| Sep 27, 2023 | 463.37 Mn |
| Jun 28, 2023 | 448.58 Mn |
| Mar 29, 2023 | 441.55 Mn |
| Dec 28, 2022 | 427.23 Mn |
| Sep 28, 2022 | 429.17 Mn |
| Jun 29, 2022 | 418.01 Mn |
| Mar 30, 2022 | 399.49 Mn |
| Dec 29, 2021 | 400.11 Mn |
| Sep 29, 2021 | 400.11 Mn |