Skip to content
Forensic Analysis · Restaurants · as of Nov 8, 2026

Shake Shack Inc. (SHAK)

A forensic read on Shake Shack Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective
Forensic grade
Grey Zone
Financial health
1.4
Distress distance
Clean
Earnings quality
1
Forensic signals
9.2%
ROE
15.4%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Shake Shack Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 1.4, placing it in the Grey zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

3.5%
FY2025
Return on invested capital. Return on invested capital is 3.5% in the latest fiscal year and rising across FY2023–FY2025 from 0.4%. After-tax operating profit was $5M in FY2023 and $43M in FY2025, with operating income at 0.5% of revenue in FY2023, 0.2% in FY2024 and 4.3% in FY2025. The capital base behind it went from $1.2B in FY2023 to $1.2B in FY2025 (+2%), while the revenue it carried went from $1.1B to $1.4B.

Key fundamentals

Latest Revenue$1.45B
Revenue Growth YoY+15.4%
Revenue CAGR (2yr)+15.3%
Net Margin3.2%
Free Cash Flow$56.5M
Return on Equity9.2%
Debt / Equity0.47x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Shake Shack Inc.'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.