Shake Shack Cash Flow Statement
NYSE: SHAKConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Shake Shack free cash flow
In fiscal 2025, Shake Shack generated $222.4 million of operating cash flow and spent $165.8 million on capital expenditures. That left free cash flow of $56.5 million, a free-cash-flow margin of 3.9% of revenue. Free cash flow was up 58.5% from the prior year's $35.7 million.
Summary generated from market data by MetaCap's automated system. Methodology
Shake Shack cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-25 | FY 20232023-12-27 | FY 20222022-12-28 | FY 20212021-12-29 | FY 20202020-12-30 | FY 20192019-12-25 | FY 20182018-12-26 | FY 20172017-12-27 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 49.71M | 10.82M | 20.99M | -23.11M | -6.02M | -45.53M | 24.13M | 21.95M | 8.88M |
| Net Income growth (YoY) | +359.39% | -48.45% | — | — | — | -288.72% | +9.93% | +147.05% | — |
| Depreciation & Amortization | 106.60M | 102.47M | 91.24M | 72.80M | 58.99M | 48.80M | 40.39M | 29.00M | 21.70M |
| Stock-Based Compensation | 19.50M | 15.91M | 14.89M | 13.33M | 8.70M | 5.56M | 7.50M | 6.14M | 5.62M |
| Change in Working Capital | 16.67M | 5.38M | 4.86M | 14.33M | 1.20M | 2.66M | 25.03M | 16.43M | 13.84M |
| Operating Cash Flow | 222.35M | 171.16M | 132.14M | 76.74M | 58.40M | 37.35M | 89.86M | 85.39M | 70.88M |
| Capital Expenditures | -165.85M | -135.50M | -146.17M | -142.56M | -101.50M | -69.04M | -106.51M | -87.53M | -61.53M |
| Investing Cash Flow | -165.85M | -66.08M | -132.32M | -143.42M | -144.89M | -69.40M | -80.69M | -86.60M | -61.94M |
| Financing Cash Flow | -17.10M | -9.02M | -5.68M | -5.20M | 242.02M | 141.82M | 3.18M | 4.45M | 965.00K |
| Net Change in Cash | 39.41M | 96.06M | -5.87M | -71.89M | 155.53M | 109.77M | 12.35M | 3.24M | 9.90M |
| Free Cash Flow | 56.51M | 35.66M | -14.03M | -65.82M | -43.09M | -31.69M | -16.65M | -2.13M | 9.35M |
This table shows 9 annual periods of Shake Shack's cash flow statement, from FY 2025 back to FY 2017, across 10 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow SHAK's reporting calendar. What is a cash flow statement?