Shake Shack Inc. (SHAK) Financial Ratios
14 years of historical data (2012–2025) · Consumer Cyclical · Restaurants
EV/EBITDA
↓
15.18
↓-68% vs avg
5yr avg: 47.01
30Y Low19.6·High72.2
P/FCF
↓
42.09
↓-62% vs avg
5yr avg: 111.90
30Y Low58.9·High163.7
P/B Ratio
↓
4.46
↓-36% vs avg
5yr avg: 7.02
30Y Low2.5·High11.8
ROE
↑
8.7%
↓+364% vs avg
5yr avg: 1.9%
30Y Low-11%·High16%
Debt/EBITDA
↓
4.69
↓-54% vs avg
5yr avg: 10.24
30Y Low0.0·High15.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SHAK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Shake Shack Inc. trades at 54.2x earnings, 79% below its 5-year average of 261.9x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 156%. On a free-cash-flow basis, the stock trades at 42.1x P/FCF, 62% below the 5-year average of 111.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $3.4B | $5.8B | $3.3B | $1.6B | $2.8B | $3.1B | $1.9B | $1.3B | $1.1B | $839M |
| Enterprise Value | $2.9B | $3.9B | $6.4B | $3.8B | $2.1B | $3.2B | $3.4B | $2.2B | $1.3B | $1.1B | $830M |
| P/E Ratio → | 54.20 | 74.47 | 550.13 | 161.13 | — | — | — | 97.66 | 87.35 | — | 67.53 |
| P/S Ratio | 1.65 | 2.35 | 4.66 | 2.99 | 1.81 | 3.81 | 6.02 | 3.23 | 2.89 | 3.12 | 3.13 |
| P/B Ratio | 4.46 | 6.13 | 11.82 | 6.93 | 3.73 | 6.47 | 7.24 | 5.97 | 4.13 | 4.00 | 3.35 |
| P/FCF | 42.09 | 60.11 | 163.68 | — | — | — | — | — | — | 119.62 | — |
| P/OCF | 10.70 | 15.28 | 34.10 | 24.62 | 21.23 | 48.29 | 84.28 | 21.45 | 15.52 | 15.77 | 15.46 |
P/E links to full P/E history page with 30-year chart
SHAK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Shake Shack Inc.'s enterprise value stands at 15.2x EBITDA, 68% below its 5-year average of 47.0x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 25% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.73 | 5.09 | 3.49 | 2.35 | 4.33 | 6.48 | 3.74 | 2.88 | 3.10 | 3.09 |
| EV / EBITDA | 15.18 | 20.48 | 59.28 | 38.40 | 44.71 | 72.19 | 531.62 | 33.51 | 21.77 | 20.01 | 19.61 |
| EV / EBIT | 34.05 | 52.68 | 391.72 | 203.27 | — | — | — | 79.60 | 39.77 | 6.86 | 28.74 |
| EV / FCF | — | 69.70 | 178.95 | — | — | — | — | — | — | 118.87 | — |
SHAK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Shake Shack Inc. earns an operating margin of 5.9%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 0.5% to 5.9% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 18.0% | 45.8% | 44.0% | 42.4% | 41.4% | 40.7% | 44.7% | 46.0% | 47.0% | 48.1% |
| Operating Margin | 5.9% | 5.9% | 0.2% | 0.5% | -3.0% | -2.1% | -8.4% | 4.3% | 6.9% | 9.4% | 10.4% |
| Net Profit Margin | 3.2% | 3.2% | 0.8% | 1.9% | -2.4% | -0.6% | -8.1% | 3.3% | 3.3% | -0.1% | 4.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 2.1% | 4.5% | -4.9% | -1.0% | -11.1% | 6.2% | 5.1% | -0.1% | 5.4% |
| ROA | 2.5% | 2.5% | 0.6% | 1.3% | -1.4% | -0.4% | -4.0% | 2.5% | 2.8% | -0.1% | 2.7% |
| ROIC | 6.0% | 6.0% | 0.2% | 0.5% | -2.3% | -1.6% | -5.1% | 4.1% | 8.1% | 9.9% | 10.9% |
| ROCE | 5.4% | 5.4% | 0.2% | 0.4% | -2.0% | -1.3% | -4.6% | 3.6% | 6.4% | 7.2% | 6.5% |
SHAK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Shake Shack Inc. carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (roughly in line with the sector average of 4.8x). Net debt stands at $542M ($902M total debt minus $360M cash). Interest coverage of 34.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.63 | 1.63 | 1.75 | 1.64 | 1.65 | 1.58 | 0.89 | 1.06 | 0.06 | 0.05 | 0.01 |
| Debt / EBITDA | 4.69 | 4.69 | 8.04 | 7.79 | 15.20 | 15.46 | 60.45 | 5.13 | 0.34 | 0.26 | 0.05 |
| Net Debt / Equity | — | 0.98 | 1.10 | 1.16 | 1.12 | 0.88 | 0.55 | 0.94 | -0.01 | -0.03 | -0.04 |
| Net Debt / EBITDA | 2.82 | 2.82 | 5.06 | 5.52 | 10.34 | 8.65 | 37.38 | 4.57 | -0.06 | -0.13 | -0.23 |
| Debt / FCF | — | 9.59 | 15.28 | — | — | — | — | — | — | -0.75 | — |
| Interest Coverage | 34.63 | 34.63 | 7.97 | 10.89 | -15.00 | -9.99 | -54.80 | 64.40 | 13.76 | 98.56 | 77.19 |
SHAK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.76x means Shake Shack Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.04x to 1.76x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.76 | 1.76 | 1.97 | 2.04 | 2.33 | 3.37 | 1.85 | 0.88 | 1.69 | 2.74 | 2.65 |
| Quick Ratio | 1.73 | 1.73 | 1.93 | 2.01 | 2.30 | 3.34 | 1.83 | 0.86 | 1.66 | 2.70 | 2.62 |
| Cash Ratio | 1.47 | 1.47 | 1.71 | 1.79 | 2.11 | 3.15 | 1.68 | 0.74 | 0.41 | 0.63 | 0.37 |
| Asset Turnover | — | 0.76 | 0.74 | 0.68 | 0.60 | 0.51 | 0.46 | 0.61 | 0.75 | 0.76 | 0.50 |
| Inventory Turnover | 165.07 | 165.07 | 112.85 | 112.75 | 124.03 | 112.57 | 107.39 | 148.13 | 141.90 | 151.09 | 172.82 |
| Days Sales Outstanding | — | 70.06 | 5.74 | 9.73 | 9.73 | 6.74 | 6.61 | 6.12 | 8.36 | 5.74 | 8.17 |
SHAK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Shake Shack Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.3% | 0.2% | 0.6% | — | — | — | 1.0% | 1.1% | — | 1.5% |
| FCF Yield | 2.4% | 1.7% | 0.6% | — | — | — | — | — | — | 0.8% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Shares Outstanding | — | $42M | $44M | $44M | $39M | $39M | $37M | $32M | $29M | $26M | $23M |
Peer Comparison
Compare SHAK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SHAKYou | $2B | 54.2 | 15.2 | 42.1 | 18.0% | 5.9% | 8.7% | 6.0% | 4.7 |
 CAVA | $10B | 165.1 | 69.1 | 397.4 | 18.4% | 6.7% | 8.6% | 7.1% | 3.0 |
 TXRH | $12B | 29.1 | 18.9 | 34.2 | 12.4% | 8.6% | 28.4% | 14.5% | 2.7 |
 WING | $4B | 26.1 | 25.3 | 41.7 | 82.6% | 27.6% | — | 46.0% | 6.1 |
 BROS | $9B | 112.3 | 35.4 | 164.9 | 25.9% | 9.8% | 9.6% | 7.7% | 3.9 |
 DNUT | $626M | -1.2 | 20.2 | — | 14.1% | -2.2% | -56.0% | -1.1% | 13.7 |
 PTLO | $307M | 15.8 | 16.0 | — | 39.4% | 7.0% | 3.9% | 3.0% | 12.4 |
 MCD | $198B | 23.3 | 17.3 | 27.5 | 57.4% | 46.1% | — | 18.7% | 3.8 |
 WEN | $1B | 8.0 | 10.2 | 5.3 | 26.9% | 15.3% | 87.6% | 6.3% | 8.2 |
 QSR | $25B | 31.3 | 17.0 | 17.6 | 41.1% | 23.7% | 15.5% | 8.2% | 7.1 |
 JACK | $244M | -3.0 | 82.4 | 3.3 | 28.7% | -1.2% | — | -0.6% | 77.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
SHAK — Frequently Asked Questions
Quick answers to the most common questions about buying SHAK stock.
What is Shake Shack Inc.'s P/E ratio?
Shake Shack Inc.'s current P/E ratio is 54.2x. The historical average is 97.6x.
What is Shake Shack Inc.'s EV/EBITDA?
Shake Shack Inc.'s current EV/EBITDA is 15.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 35.7x.
What is Shake Shack Inc.'s ROE?
Shake Shack Inc.'s return on equity (ROE) is 8.7%. The historical average is 3.1%.
Is SHAK stock overvalued?
Based on historical data, Shake Shack Inc. is trading at a P/E of 54.2x. Compare with industry peers and growth rates for a complete picture.
What are Shake Shack Inc.'s profit margins?
Shake Shack Inc. has 18.0% gross margin and 5.9% operating margin.
How much debt does Shake Shack Inc. have?
Shake Shack Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.