Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsFlagged areas: Earnings quality.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 1 filing risk check flagged
Flagged areas: Earnings quality.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +15.4% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin improved
Operating margin changed +4.1 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was positive
Latest reported free cash flow was $57M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Shack Sales$1.39Bshare n/a+15.2% yoy
- Franchise$54.1Mshare n/a+20.2% yoy
- Sales Based Royalties$51.5Mshare n/a+18.5% yoy
- Initial Territoryand Opening Fees$2.61Mshare n/a+67.2% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$1.41B97.4%+15.4% yoy
- Outside the United States$38.2M2.6%+14.9% yoy
Members sum to the consolidated $1.45B for this period.
- Shack Sales$354Mshare n/a+14.3% yoy
- Franchise$12.7Mshare n/a+14.7% yoy
- Sales Based Royalties$12.2Mshare n/a+14.2% yoy
- Initial Territory Opening And Termination Fees$537Kshare n/a+27.3% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 481 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1.4B | 61stof 3,301 middle third | 44thof 463 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 15.4% | 71stof 3,135 top third | 89thof 449 top third |
Operating margin operating income ÷ revenue | 4.3% | 54thof 2,819 middle third | 51stof 432 middle third |
Net margin net income ÷ revenue | 3.2% | 53rdof 3,263 middle third | 55thof 459 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 3.9% | 47thof 2,679 middle third | 51stof 417 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 8.7% | 62ndof 3,577 middle third | 53rdof 410 middle third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 28.9× | 94thof 819 top third | 91stof 134 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 1.4% | 60thof 2,895 middle third | 25thof 414 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 8 days | 91stof 2,398 top third | 75thof 382 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -0.5× | 85thof 1,547 top third | 89thof 242 top third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 4.9× | 90thof 2,183 top third | 88thof 298 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -9.8% | 74thof 3,577 top third | 80thof 415 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 5.1% | 48thof 3,059 middle third | 43rdof 325 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 17 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | fiscal year 2021-12-29 | -$8.65M 10-K 2022-02-18 | -$4.56M 10-K 2024-02-29 | +47.3% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2022-12-28 | -$24.1M 10-K 2023-02-23 | -$21.2M 10-K 2025-02-21 | +11.9% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-12-28 | $395M 10-K 2023-02-23 | $412M 10-K 2024-02-29 | +4.3% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2023-03-29 | $395M 10-Q 2023-05-05 | $413M 10-K 2024-02-29 | +4.3% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2023-06-28 | $406M 10-Q 2023-08-04 | $423M 10-K 2024-02-29 | +4.2% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2023-09-27 | $416M 10-Q 2023-11-03 | $433M 10-K 2024-02-29 | +4.1% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-03-30 | $400M 10-Q 2022-05-06 | $415M 10-K 2024-02-29 | +3.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-06-29 | $403M 10-Q 2022-08-05 | $417M 10-K 2024-02-29 | +3.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-09-28 | $403M 10-Q 2022-11-04 | $418M 10-K 2024-02-29 | +3.5% | first · latest |
| Total assets Assets | balance at 2022-12-28 | $1.49B 10-K 2023-02-23 | $1.51B 10-K 2024-02-29 | +1.1% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2023-03-29 | $1.51B 10-Q 2023-05-05 | $1.52B 10-K 2024-02-29 | +1.1% | first · latest |
| Total assets Assets | balance at 2023-06-28 | $1.53B 10-Q 2023-08-04 | $1.55B 10-K 2024-02-29 | +1.1% | first · latest |
| Total assets Assets | balance at 2023-09-27 | $1.56B 10-Q 2023-11-03 | $1.58B 10-K 2024-02-29 | +1.1% | first · latest |
| Total assets Assets | balance at 2022-03-30 | $1.45B 10-Q 2022-05-06 | $1.46B 10-K 2024-02-29 | +1.0% | first · latest |
| Total assets Assets | balance at 2021-12-29 | $1.46B 10-K 2022-02-18 | $1.47B 10-K 2024-02-29 | +1.0% | first · latest · 6 filings carry it |
| Total assets Assets | balance at 2022-06-29 | $1.48B 10-Q 2022-08-05 | $1.49B 10-K 2024-02-29 | +1.0% | first · latest |
| Total assets Assets | balance at 2022-09-28 | $1.5B 10-Q 2022-11-04 | $1.52B 10-K 2024-02-29 | +0.9% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for SHAK yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.