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
DateValue
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