Shake Shack Inc
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. It offers burger, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is based in New York, New York.
Shake Shack Inc (SHAK) - Net Assets
Latest net assets as of December 2025: $553.75 Million USD
Based on the latest financial reports, Shake Shack Inc (SHAK) has net assets worth $553.75 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.90 Billion) and total liabilities ($1.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $553.75 Million |
| % of Total Assets | 29.2% |
| Annual Growth Rate | 24.56% |
| 5-Year Change | 27.12% |
| 10-Year Change | 175.01% |
| Growth Volatility | 304.32 |
Shake Shack Inc - Net Assets Trend (2012–2025)
This chart illustrates how Shake Shack Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shake Shack Inc (2012–2025)
The table below shows the annual net assets of Shake Shack Inc from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $553.75 Million | +12.18% |
| 2024-12-31 | $493.63 Million | +5.17% |
| 2023-12-31 | $469.37 Million | +7.45% |
| 2022-12-31 | $436.84 Million | +0.28% |
| 2021-12-31 | $435.60 Million | +0.25% |
| 2020-12-31 | $434.49 Million | +34.94% |
| 2019-12-31 | $321.99 Million | +17.75% |
| 2018-12-31 | $273.45 Million | +21.82% |
| 2017-12-31 | $224.48 Million | +11.49% |
| 2016-12-31 | $201.35 Million | +28.23% |
| 2015-12-31 | $157.02 Million | +1146.18% |
| 2014-12-31 | $12.60 Million | -66.30% |
| 2013-12-31 | $37.39 Million | +17.31% |
| 2012-12-31 | $31.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shake Shack Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7270900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $72.71 Million | 13.84% |
| Common Stock | $42.00K | 0.01% |
| Other Comprehensive Income | $-1.00K | 0.00% |
| Other Components | $452.58 Million | 86.15% |
| Total Equity | $525.33 Million | 100.00% |
Shake Shack Inc Competitors by Market Cap
The table below lists competitors of Shake Shack Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fulton Financial Corporation
NASDAQ:FULT
|
$3.48 Billion |
|
Perfect World Co Ltd
SHE:002624
|
$3.48 Billion |
|
Bendigo and Adelaide Bank Ltd
AU:BEN
|
$3.48 Billion |
|
Copa Holdings SA
NYSE:CPA
|
$3.48 Billion |
|
SPIRIT AERO HLDG-A
MU:S9Q
|
$3.48 Billion |
|
Minor International Public Company Limited
PINK:MINOF
|
$3.48 Billion |
|
PrairieSky Royalty Ltd
PINK:PREKF
|
$3.48 Billion |
|
VSE CORP. DL-05
F:VS3
|
$3.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shake Shack Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 470,018,000 to 525,327,000, a change of 55,309,000 (11.8%).
- Net income of 45,725,000 contributed positively to equity growth.
- Other factors increased equity by 9,584,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $45.73 Million | +8.7% |
| Other Changes | $9.58 Million | +1.82% |
| Total Change | $- | 11.77% |
Book Value vs Market Value Analysis
This analysis compares Shake Shack Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.56x to 7.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $25.46 | $90.50 | x |
| 2013-12-31 | $29.86 | $90.50 | x |
| 2014-12-31 | $1.12 | $90.50 | x |
| 2015-12-31 | $11.56 | $90.50 | x |
| 2016-12-31 | $8.59 | $90.50 | x |
| 2017-12-31 | $8.68 | $90.50 | x |
| 2018-12-31 | $9.37 | $90.50 | x |
| 2019-12-31 | $9.27 | $90.50 | x |
| 2020-12-31 | $10.97 | $90.50 | x |
| 2021-12-31 | $10.48 | $90.50 | x |
| 2022-12-31 | $10.51 | $90.50 | x |
| 2023-12-31 | $10.10 | $90.50 | x |
| 2024-12-31 | $10.63 | $90.50 | x |
| 2025-12-31 | $12.55 | $90.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shake Shack Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.16%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 3.61x
- Recent ROE (8.70%) is above the historical average (3.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 12.97% | 7.25% | 1.29x | 1.38x | $945.90K |
| 2013 | 14.51% | 6.58% | 1.49x | 1.48x | $1.68 Million |
| 2014 | 16.81% | 1.79% | 1.43x | 6.58x | $858.00K |
| 2015 | -5.59% | -4.60% | 0.50x | 2.42x | $-24.48 Million |
| 2016 | 6.18% | 4.64% | 0.50x | 2.67x | $-7.69 Million |
| 2017 | -0.14% | -0.09% | 0.76x | 2.10x | $-22.77 Million |
| 2018 | 5.55% | 3.30% | 0.75x | 2.23x | $-12.17 Million |
| 2019 | 6.64% | 3.33% | 0.61x | 3.26x | $-10.05 Million |
| 2020 | -10.35% | -8.06% | 0.46x | 2.81x | $-82.89 Million |
| 2021 | -1.11% | -0.62% | 0.51x | 3.57x | $-45.51 Million |
| 2022 | -5.15% | -2.36% | 0.60x | 3.67x | $-62.45 Million |
| 2023 | 4.57% | 1.86% | 0.68x | 3.62x | $-24.08 Million |
| 2024 | 2.17% | 0.81% | 0.74x | 3.61x | $-36.79 Million |
| 2025 | 8.70% | 3.16% | 0.76x | 3.61x | $-6.81 Million |
Industry Comparison
This section compares Shake Shack Inc's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $1,100,683,888
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shake Shack Inc (SHAK) | $553.75 Million | 12.97% | 2.42x | $3.48 Billion |
| Alsea S.A.B. de C.V (ALSSF) | $9.60 Billion | 31.08% | 7.07x | $902.51 Million |
| Arcos Dorados Holdings Inc (ARCO) | $695.30 Million | 7.75% | 2.14x | $952.86 Million |
| AmRest Holdings SE (ARHOF) | $264.70 Million | -68.76% | 6.99x | $477.90 Million |
| Ark Restaurants Corp (ARKR) | $7.80 Million | -3.85% | 0.72x | $10.36 Million |
| Big Buck Brewery & Steakhouse Inc (BBUCQ) | $5.62 Million | -39.20% | 3.43x | $1.94 |
| Flanigans Enterprises Inc (BDL) | $7.67 Million | 17.79% | 0.46x | $18.25 Million |
| Bagger Dave's Burger Tavern Inc (BDVB) | $2.41 Million | -143.08% | 1.53x | $654.12K |
| BurgerFi International, Inc. (BFICQ) | $78.95 Million | -131.01% | 2.51x | $1.57K |
| Biglari Holdings Inc (BH-A) | $1.80 Million | 233.33% | 36.28x | $310.04 Million |
| BJs Restaurants Inc (BJRI) | $345.51 Million | 1.18% | 2.51x | $663.68 Million |