Filing Flows › Comparisons › SHAK vs BRCB
Shake Shack vs Black Rock Coffee Bar: SHAK and BRCB compared
Shake Shack is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $63.0M for Black Rock Coffee Bar (Q2 2026). Black Rock Coffee Bar is growing faster (+25% against +15% a year earlier). Black Rock Coffee Bar is more profitable, with an operating margin of 6.5% against 5.1%.
Where the money goes: SHAK and BRCB
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.
Black Rock Coffee Bar (BRCB) · Q2 2026
Black Rock Coffee Bar, Q2 2026: revenue $63.0M (+25% year over year), operating margin 6.5%, net earnings $1.2M, operating cash flow $12.4M. The chart follows the revenue to costs, profit and cash.
| Shake Shack (SHAK) | Black Rock Coffee Bar (BRCB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $423M | $63.0M |
| Revenue growth, Y/Y | +15% | +25% |
| Operating margin | 5.1% | 6.5% |
| Net earnings | $16.5M | $1.2M |
| Net margin | 3.9% | 1.9% |
| Operating cash flow | $70.6M | $12.4M |
| Free cash flow | $13.1M | — |
| Market value | $3.0B | — |
| P/E | 63.6× | — |
| Analysts’ mean target | $81.42 | — |
Where the revenue comes from
Shake Shack
- Shack sales: $408M (96%)
- Licensing revenue: $15.2M (4%)
Black Rock Coffee Bar
- Store revenue: $62.9M (100%)
- Other: $66K (0%)
Questions
Which is bigger, Shake Shack or Black Rock Coffee Bar?
Shake Shack is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $63.0M for Black Rock Coffee Bar (Q2 2026).
Is Shake Shack or Black Rock Coffee Bar growing faster?
Black Rock Coffee Bar is growing faster (+25% against +15% a year earlier).
Which is more profitable, Shake Shack or Black Rock Coffee Bar?
Black Rock Coffee Bar is more profitable, with an operating margin of 6.5% against 5.1%.
More: Shake Shack earnings · how Shake Shack makes money · Black Rock Coffee Bar earnings · how Black Rock Coffee Bar makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.