Shake Shack (SHAK) Operating Margin (2014 - 2026)
Shake Shack (SHAK) posted quarterly Operating Margin of 0.72% for Q2 2026, down 160.0% year-over-year from 1.2% in Q2 2025, and down 115.35% quarter-over-quarter from 4.68% in Q4 2025.
Shake Shack (SHAK) Operating Margin (2014 - 2026) Analysis & Trends
Shake Shack (SHAK) has reported Operating Margin for 13 consecutive years, with 0.72% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 160.0% year-over-year to 0.72%; the TTM figure through Apr 2026 stood at 3.82% (up 337.0% YoY), while the FY2025 annual figure was 4.32%, up 408.0% from the prior year.
- Operating Margin declined to 0.72% in Q2 2026 per SHAK's latest filing, from 4.68% in the prior quarter.
- Across five years, Operating Margin topped out at 6.28% in Q2 2025 and bottomed at 7.34% in Q1 2022.
- Historically, Operating Margin has averaged 0.39% across 5 years, with a median of 0.01% in 2024.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 772 bps — and 2025, when it soared 1072 bps.
- Shake Shack's Operating Margin stood at 2.65% in 2022, then jumped by 83 bps to 0.45% in 2023, then soared by 787 bps to 3.11% in 2024, then surged by 51 bps to 4.68% in 2025, then plunged by 115 bps to 0.72% in 2026.
- Business Quant data shows SHAK's Operating Margin at 0.72% in Q2 2026, 4.68% in Q4 2025, and 5.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 47.02% |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 10.52% |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 15.70% |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 30.20% |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 28.41% |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 13.90% |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 28.41% |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 11.09% |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 8.50% |
| 10 | Shake Shack | 3.02 Bn | 2.74 Bn | 354.50 Mn | 4.97% |
Historic Data
Download 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% |