Filing Flows › Comparisons › SHAK vs CNNE
Shake Shack vs Cannae Holdings: SHAK and CNNE compared
Shake Shack is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $102M for Cannae Holdings (Q2 2026). Shake Shack is growing faster (+15% against -7% a year earlier). Shake Shack is more profitable, with an operating margin of 5.1% against -55.6%.
Where the money goes: SHAK and CNNE
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.
Cannae Holdings (CNNE) · Q2 2026
Cannae Holdings, Q2 2026: revenue $102M (-7% year over year), operating margin -55.6%, net earnings $28.4M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
| Shake Shack (SHAK) | Cannae Holdings (CNNE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $423M | $102M |
| Revenue growth, Y/Y | +15% | -7% |
| Operating margin | 5.1% | -55.6% |
| Net earnings | $16.5M | $28.4M |
| Net margin | 3.9% | 27.8% |
| Operating cash flow | $70.6M | −$5.2M |
| 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%)
Cannae Holdings
- Restaurant revenue: $92.0M (90%)
- Other operating revenue: $10.2M (10%)
Questions
Which is bigger, Shake Shack or Cannae Holdings?
Shake Shack is the larger company: $423M of revenue in its latest quarter (Q3 2026) against $102M for Cannae Holdings (Q2 2026).
Is Shake Shack or Cannae Holdings growing faster?
Shake Shack is growing faster (+15% against -7% a year earlier).
Which is more profitable, Shake Shack or Cannae Holdings?
Shake Shack is more profitable, with an operating margin of 5.1% against -55.6%.
More: Shake Shack earnings · how Shake Shack makes money · Cannae Holdings earnings · how Cannae Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.