vs
Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($366.7M vs $364.8M, roughly 1.0× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -0.1%, a 4.2% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs 5.1%). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 7.6%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
ARHS vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $366.7M |
| Net Profit | $15.1M | $-294.0K |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | — |
| Net Margin | 4.1% | -0.1% |
| Revenue YoY | 5.1% | 14.3% |
| Net Profit YoY | -29.1% | — |
| EPS (diluted) | $0.11 | $-0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $366.7M | ||
| Q4 25 | $364.8M | $400.5M | ||
| Q3 25 | $344.6M | $367.4M | ||
| Q2 25 | $358.4M | $356.5M | ||
| Q1 25 | $311.4M | $320.9M | ||
| Q4 24 | $347.0M | $328.7M | ||
| Q3 24 | $319.1M | $316.9M | ||
| Q2 24 | $309.8M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | $15.1M | $11.8M | ||
| Q3 25 | $12.2M | $12.5M | ||
| Q2 25 | $35.1M | $17.1M | ||
| Q1 25 | $4.9M | $4.2M | ||
| Q4 24 | $21.3M | $8.7M | ||
| Q3 24 | $9.9M | $-10.2M | ||
| Q2 24 | $22.2M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 4.7% | ||
| Q3 25 | 4.8% | 5.0% | ||
| Q2 25 | 13.0% | 6.3% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 8.2% | 3.1% | ||
| Q3 24 | 3.3% | -5.7% | ||
| Q2 24 | 9.5% | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | 4.1% | 3.0% | ||
| Q3 25 | 3.5% | 3.4% | ||
| Q2 25 | 9.8% | 4.8% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 6.1% | 2.6% | ||
| Q3 24 | 3.1% | -3.2% | ||
| Q2 24 | 7.2% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.11 | $0.28 | ||
| Q3 25 | $0.09 | $0.30 | ||
| Q2 25 | $0.25 | $0.41 | ||
| Q1 25 | $0.03 | $0.10 | ||
| Q4 24 | $0.15 | $0.22 | ||
| Q3 24 | $0.07 | $-0.26 | ||
| Q2 24 | $0.16 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $313.6M |
| Total DebtLower is stronger | — | $248.0M |
| Stockholders' EquityBook value | $418.2M | $554.6M |
| Total Assets | $1.4B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $253.4M | $360.1M | ||
| Q3 25 | $262.2M | $357.8M | ||
| Q2 25 | $234.8M | $336.8M | ||
| Q1 25 | $214.4M | $312.9M | ||
| Q4 24 | $197.5M | $320.7M | ||
| Q3 24 | $177.7M | $310.9M | ||
| Q2 24 | $174.2M | $304.4M |
| Q1 26 | — | $248.0M | ||
| Q4 25 | — | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M |
| Q1 26 | — | $554.6M | ||
| Q4 25 | $418.2M | $525.3M | ||
| Q3 25 | $400.4M | $509.0M | ||
| Q2 25 | $385.6M | $494.1M | ||
| Q1 25 | $348.8M | $473.3M | ||
| Q4 24 | $343.7M | $470.0M | ||
| Q3 24 | $320.6M | $456.1M | ||
| Q2 24 | $309.3M | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | — | 0.45× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $8.5M |
| Free Cash FlowOCF − Capex | $-8.8M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $9.3M | $63.1M | ||
| Q3 25 | $46.1M | $63.0M | ||
| Q2 25 | $34.9M | $65.0M | ||
| Q1 25 | $46.5M | $31.2M | ||
| Q4 24 | $31.7M | $45.1M | ||
| Q3 24 | $31.1M | $41.9M | ||
| Q2 24 | $47.5M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.8M | $4.0M | ||
| Q3 25 | $28.0M | $23.7M | ||
| Q2 25 | $20.9M | $26.9M | ||
| Q1 25 | $18.9M | $1.9M | ||
| Q4 24 | $13.0M | $10.4M | ||
| Q3 24 | $4.6M | $7.1M | ||
| Q2 24 | $11.3M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | 1.0% | ||
| Q3 25 | 8.1% | 6.5% | ||
| Q2 25 | 5.8% | 7.5% | ||
| Q1 25 | 6.1% | 0.6% | ||
| Q4 24 | 3.7% | 3.2% | ||
| Q3 24 | 1.4% | 2.2% | ||
| Q2 24 | 3.6% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 14.8% | ||
| Q3 25 | 5.3% | 10.7% | ||
| Q2 25 | 3.9% | 10.7% | ||
| Q1 25 | 8.9% | 9.1% | ||
| Q4 24 | 5.4% | 10.6% | ||
| Q3 24 | 8.3% | 11.0% | ||
| Q2 24 | 11.7% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | 5.34× | ||
| Q3 25 | 3.77× | 5.04× | ||
| Q2 25 | 1.00× | 3.79× | ||
| Q1 25 | 9.53× | 7.36× | ||
| Q4 24 | 1.49× | 5.18× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
SHAK
Segment breakdown not available.
