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Starbucks vs Shake Shack: SBUX and SHAK compared
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $423M for Shake Shack (Q3 2026). Shake Shack is growing faster (+15% against -4% a year earlier). Starbucks is more profitable, with an operating margin of 10.8% against 5.1%.
Where the money goes: SBUX and SHAK
Starbucks (SBUX) · Q4 FY26
Starbucks, Q4 FY26: revenue $9.1B (-4% year over year), operating margin 10.8%, net earnings $677M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Shake Shack (SHAK) · Q3 2026
Shake Shack, Q3 2026: revenue $423M (+15% year over year), operating margin 5.1%, net earnings $16.5M, operating cash flow $70.6M. The chart follows the revenue to costs, profit and cash.
| Starbucks (SBUX) | Shake Shack (SHAK) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $9.1B | $423M |
| Revenue growth, Y/Y | -4% | +15% |
| Operating margin | 10.8% | 5.1% |
| Net earnings | $677M | $16.5M |
| Net margin | 7.4% | 3.9% |
| Operating cash flow | $1.4B | $70.6M |
| Free cash flow | $1.0B | $13.1M |
| Market value | $120.6B | $3.0B |
| P/E | 60.8× | 63.6× |
| Analysts’ mean target | $110.76 | $81.42 |
Where the revenue comes from
Starbucks
- Company-operated coffeehouses: $7.4B (81%)
- Licensed coffeehouses: $1.2B (13%)
- Other: $516M (6%)
Shake Shack
- Shack sales: $408M (96%)
- Licensing revenue: $15.2M (4%)
Questions
Which is bigger, Starbucks or Shake Shack?
Starbucks is the larger company: $9.1B of revenue in its latest quarter (Q4 FY26) against $423M for Shake Shack (Q3 2026).
Is Starbucks or Shake Shack growing faster?
Shake Shack is growing faster (+15% against -4% a year earlier).
Which is more profitable, Starbucks or Shake Shack?
Starbucks is more profitable, with an operating margin of 10.8% against 5.1%.
More: Starbucks earnings · how Starbucks makes money · Shake Shack earnings · how Shake Shack makes money
From the companies' latest 10-Q, 10-K or earnings release (8-K filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.