Shake Shack (SHAK) Operating Margin (2014 - 2026)
Shake Shack's Operating Margin came in at 4.97% for Q2 2026, down 1.31 percentage points from 6.28% a year earlier but up 5.69 percentage points from the prior quarter.
Powered by 
Analysis
Shake Shack (SHAK) Operating Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 1, 2026, Shake Shack reported Operating Margin of 3.57%, up 2.25 percentage points year-over-year; for FY2025, it came in at 4.32%, up 4.08 percentage points from FY2024.
- Operating Margin carries a five-year change of +12.72 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 0.24% in FY2024 (-0.30 pp), 0.54% in FY2023 (+3.53 pp), -2.99% in FY2022 (-0.84 pp) and -2.14% in FY2021 (+6.25 pp).
- The five-year range for quarterly Operating Margin is -7.34% (Q1 2022) to 6.28% (Q2 2025).
- Year-over-year, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +1.12 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2025 (a gain of 10.72 percentage points), and the weakest in Q3 2024 (a drop of 7.72 percentage points).
- Business Quant data shows SHAK's Operating Margin at -0.72% (Q1 2026), 4.68% (Q4 2025) and 5.05% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 171.96 Bn | 166.78 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 110.34 Bn | 97.96 Bn | - | 10.52% |
| 3 | Yum Brands | 41.48 Bn | 38.36 Bn | 1.47 Bn | 30.20% |
| 4 | Chipotle Mexican Grill | 39.00 Bn | 34.98 Bn | - | 15.70% |
| 5 | Restaurant Brands International | 25.80 Bn | 21.35 Bn | 1.38 Bn | 28.41% |
| 6 | Darden Restaurants | 24.38 Bn | 23.48 Bn | 1.68 Bn | 9.98% |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 28.41% |
| 8 | Yum China Holdings | 15.57 Bn | 9.23 Bn | 537.00 Mn | 11.09% |
| 9 | Texas Roadhouse | 11.21 Bn | 10.55 Bn | - | 8.50% |
| 10 | Shake Shack | 2.84 Bn | 1.50 Bn | - | 4.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 1, 2026 | 4.97% |
| Apr 1, 2026 | -0.72% |
| Dec 31, 2025 | 4.68% |
| Sep 24, 2025 | 5.05% |
| Jun 25, 2025 | 6.28% |
| Mar 26, 2025 | 0.89% |
| Dec 25, 2024 | 3.11% |
| Sep 25, 2024 | -5.68% |
| Jun 26, 2024 | 3.41% |
| Mar 27, 2024 | 0.01% |
| Dec 27, 2023 | -0.45% |
| Sep 27, 2023 | 2.05% |
| Jun 28, 2023 | 1.75% |
| Mar 29, 2023 | -1.26% |
| Dec 28, 2022 | -2.65% |
| Sep 28, 2022 | -2.12% |
| Jun 29, 2022 | -0.35% |
| Mar 30, 2022 | -7.34% |
| Dec 29, 2021 | -3.19% |
| Sep 29, 2021 | -1.36% |
API Access
Shake Shack Operating 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=operating-margin&ticker=SHAK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=SHAK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();