Shake Shack Inc. (SHAK) Revenue History
Annual and quarterly revenue from 2012 to present
SHAK Revenue Over Time (2012–2025)
SHAK Revenue Growth History
12 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +44.6%
- FY2014 revenue growth
- +43.7%
- FY2015 revenue growth
- +60.8%
- FY2016 revenue growth
- +40.9%
- FY2017 revenue growth
- +33.6%
- FY2018 revenue growth
- +28.0%
- FY2019 revenue growth
- +29.4%
- FY2020 revenue growth
- -12.1%
- FY2021 revenue growth
- +41.5%
- FY2022 revenue growth
- +21.7%
- FY2023 revenue growth
- +20.8%
- FY2024 revenue growth
- +15.2%
- FY2025 revenue growth
- +15.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $366.7M | +14.3% |
| Q4 2025 | $400.5M | +21.9% |
| Q3 2025 | $367.4M | +15.9% |
| Q2 2025 | $356.5M | +12.6% |
| Q1 2025 | $320.9M | +10.5% |
| Q4 2024 | $328.7M | +14.8% |
| Q3 2024 | $316.9M | +14.7% |
| Q2 2024 | $316.5M | +16.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
SHAK's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SHAK Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 21, 2026, Shake Shack Inc. (SHAK) generated trailing twelve-month (TTM) revenue of $1.49 billion, reflecting strong growth of +14.3% year-over-year. The most recent quarter (Q1 2026) recorded $366.7 million in revenue, down 8.4% sequentially.
Historical Growth Trajectory
SHAK's 5-year compound annual growth rate (CAGR) stands at +22.6%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +17.1% is below the 5-year average, signalling a growth deceleration in recent years. Shake Shack Inc.'s highest annual revenue of $1.45 billion was recorded in 2025, an all-time high.
Revenue by Segment
SHAK's revenue is primarily driven by Shack Sales (96%), Sales-Based Royalties (4%), and Initial Territory and Opening Fees (0%). With over half of revenue concentrated in Shack Sales, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including CAVA (+24.1% YoY), TXRH (+10.3% YoY), and WING (+9.0% YoY) — SHAK has outperformed the peer group in revenue growth. Compare SHAK vs CAVA →
SHAK Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SHAKCurrent | $1.5B | +14.3% | +22.6% | 5.9% | |
 CAVA | $1.2B | +24.1% | - | 6.7% | |
 TXRH | $5.9B | +10.3% | +19.6% | 8.6% | |
 WING | $697M | +9.0% | +22.9% | 27.6% | |
 BROS | $1.6B | +28.4% | +38.0% | 9.8% | |
 DNUT | $1.5B | -5.2% | +6.3% | -2.2% |
SHAK Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.45B | +15.4% | $259.8M | 18.0% | $85.8M | 5.9% |
| 2024 | $1.25B | +15.2% | $573.9M | 45.8% | $3.0M | 0.2% |
| 2023 | $1.09B | +20.8% | $478.2M | 44.0% | $5.9M | 0.5% |
| 2022 | $900.5M | +21.7% | $381.5M | 42.4% | $-26,894,000 | -3.0% |
| 2021 | $739.9M | +41.5% | $306.5M | 41.4% | $-15,853,000 | -2.1% |
| 2020 | $522.9M | -12.1% | $212.7M | 40.7% | $-43,876,000 | -8.4% |
| 2019 | $594.5M | +29.4% | $265.5M | 44.7% | $25.7M | 4.3% |
| 2018 | $459.3M | +28.0% | $211.1M | 46.0% | $31.7M | 6.9% |
| 2017 | $358.8M | +33.6% | $168.7M | 47.0% | $33.8M | 9.4% |
| 2016 | $268.5M | +40.9% | $129.2M | 48.1% | $27.8M | 10.4% |
| 2015 | $190.6M | +60.8% | $91.8M | 48.1% | $6.8M | 3.5% |
| 2014 | $118.5M | +43.7% | $54.3M | 45.8% | $3.1M | 2.7% |
| 2013 | $82.5M | +44.6% | $38.5M | 46.7% | $5.9M | 7.2% |
| 2012 | $57.0M | - | $25.8M | 45.3% | $4.7M | 8.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SHAK — Frequently Asked Questions
Quick answers to the most common questions about buying SHAK stock.
Is SHAK's revenue growth accelerating or slowing?
SHAK revenue growth is holding steady at +14.3% year-over-year. TTM revenue is $1.5B. The current growth rate closely tracks the 5-year CAGR of +22.6%, signalling consistent execution.
What is SHAK's revenue history from 2012 to 2026?
Shake Shack Inc. (SHAK) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $1.5B, growing at +14.3% YoY. The 5-year CAGR is +22.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SHAK's long-term revenue growth rate (CAGR)?
Shake Shack Inc.'s 5-year revenue CAGR of +22.6% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +14.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SHAK.
Why does SHAK's quarterly revenue fluctuate?
SHAK quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Shake Shack Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is SHAK's revenue distributed by segment?
SHAK reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does SHAK's revenue compare to industry peers?
Shake Shack Inc. (SHAK) with TTM revenue of $1.5B and +14.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.