Shake Shack (SHAK) Operating Leases (2018 - 2026)
Shake Shack (SHAK) reported 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 9 years of Operating Leases data on file, last reported at $608.6 million in Q2 2026.
- Operating Leases for Q2 2026 came in at $608.6 million, up 9.28% year-over-year; the trailing twelve-month figure through Apr 2026 was $608.6 million (up 9.28% YoY), and the FY2025 annual result was $575.1 million, up 16.31% from the prior year.
- Operating Leases grew to $608.6 million in Q2 2026 per SHAK's latest filing, from $575.1 million in the prior quarter.
- Over five years, Operating Leases peaked at $608.6 million in Q2 2026 and troughed at $399.5 million in Q1 2022.
- A 5-year average of $493.2 million and a median of $476.7 million in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases dropped 0.16% in 2022, then climbed 17.77% in 2024.
- A 5-year view of Operating Leases shows it stood at $427.2 million in 2022, then gained by 8.73% to $464.5 million in 2023, then advanced by 6.45% to $494.5 million in 2024, then grew by 16.31% to $575.1 million in 2025, then advanced 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn |
| 10 | Shake Shack | 2.38 Bn | 2.10 Bn | 309.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 499.23 Mn |
| Jun 26, 2024 | 528.28 Mn |
| Mar 27, 2024 | 476.70 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 |
| Jun 30, 2021 | 400.11 Mn |