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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) 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 ($400.5M vs $336.2M, roughly 1.2× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 3.0%, a 25.2% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (21.9% vs 4.2%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (17.4% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

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.

FULT vs SHAK — Head-to-Head

Bigger by revenue
SHAK
SHAK
1.2× larger
SHAK
$400.5M
$336.2M
FULT
Growing faster (revenue YoY)
SHAK
SHAK
+17.7% gap
SHAK
21.9%
4.2%
FULT
Higher net margin
FULT
FULT
25.2% more per $
FULT
28.2%
3.0%
SHAK
Faster 2-yr revenue CAGR
SHAK
SHAK
Annualised
SHAK
17.4%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
SHAK
SHAK
Revenue
$336.2M
$400.5M
Net Profit
$94.8M
$11.8M
Gross Margin
Operating Margin
4.7%
Net Margin
28.2%
3.0%
Revenue YoY
4.2%
21.9%
Net Profit YoY
1.9%
35.8%
EPS (diluted)
$0.55
$0.28

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.

Revenue
FULT
FULT
SHAK
SHAK
Q1 26
$336.2M
Q4 25
$336.0M
$400.5M
Q3 25
$334.6M
$367.4M
Q2 25
$324.1M
$356.5M
Q1 25
$318.4M
$320.9M
Q4 24
$319.6M
$328.7M
Q3 24
$317.7M
$316.9M
Q2 24
$334.7M
$316.5M
Net Profit
FULT
FULT
SHAK
SHAK
Q1 26
$94.8M
Q4 25
$99.0M
$11.8M
Q3 25
$100.5M
$12.5M
Q2 25
$99.2M
$17.1M
Q1 25
$93.0M
$4.2M
Q4 24
$68.6M
$8.7M
Q3 24
$63.2M
$-10.2M
Q2 24
$95.0M
$9.7M
Operating Margin
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
35.7%
4.7%
Q3 25
38.2%
5.0%
Q2 25
37.8%
6.3%
Q1 25
36.1%
0.9%
Q4 24
27.0%
3.1%
Q3 24
25.1%
-5.7%
Q2 24
30.8%
3.4%
Net Margin
FULT
FULT
SHAK
SHAK
Q1 26
28.2%
Q4 25
29.5%
3.0%
Q3 25
30.0%
3.4%
Q2 25
30.6%
4.8%
Q1 25
29.2%
1.3%
Q4 24
21.5%
2.6%
Q3 24
19.9%
-3.2%
Q2 24
28.4%
3.1%
EPS (diluted)
FULT
FULT
SHAK
SHAK
Q1 26
$0.55
Q4 25
$0.53
$0.28
Q3 25
$0.53
$0.30
Q2 25
$0.53
$0.41
Q1 25
$0.49
$0.10
Q4 24
$0.36
$0.22
Q3 24
$0.33
$-0.26
Q2 24
$0.52
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
SHAK
SHAK
Cash + ST InvestmentsLiquidity on hand
$360.1M
Total DebtLower is stronger
$247.7M
Stockholders' EquityBook value
$3.5B
$525.3M
Total Assets
$32.2B
$1.9B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
$360.1M
Q3 25
$357.8M
Q2 25
$336.8M
Q1 25
$312.9M
Q4 24
$320.7M
Q3 24
$310.9M
Q2 24
$304.4M
Total Debt
FULT
FULT
SHAK
SHAK
Q1 26
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
Stockholders' Equity
FULT
FULT
SHAK
SHAK
Q1 26
$3.5B
Q4 25
$3.5B
$525.3M
Q3 25
$3.4B
$509.0M
Q2 25
$3.3B
$494.1M
Q1 25
$3.3B
$473.3M
Q4 24
$3.2B
$470.0M
Q3 24
$3.2B
$456.1M
Q2 24
$3.1B
$462.4M
Total Assets
FULT
FULT
SHAK
SHAK
Q1 26
$32.2B
Q4 25
$32.1B
$1.9B
Q3 25
$32.0B
$1.8B
Q2 25
$32.0B
$1.8B
Q1 25
$32.1B
$1.7B
Q4 24
$32.1B
$1.7B
Q3 24
$32.2B
$1.7B
Q2 24
$31.8B
$1.7B
Debt / Equity
FULT
FULT
SHAK
SHAK
Q1 26
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
FULT
FULT
SHAK
SHAK
Operating Cash FlowLast quarter
$63.1M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
14.8%
Cash ConversionOCF / Net Profit
5.34×
TTM Free Cash FlowTrailing 4 quarters
$56.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
$304.5M
$63.1M
Q3 25
$116.1M
$63.0M
Q2 25
$91.7M
$65.0M
Q1 25
$703.0K
$31.2M
Q4 24
$416.6M
$45.1M
Q3 24
$-22.0M
$41.9M
Q2 24
$157.8M
$53.5M
Free Cash Flow
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
$4.0M
Q3 25
$23.7M
Q2 25
$26.9M
Q1 25
$1.9M
Q4 24
$10.4M
Q3 24
$7.1M
Q2 24
$20.6M
FCF Margin
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
1.0%
Q3 25
6.5%
Q2 25
7.5%
Q1 25
0.6%
Q4 24
3.2%
Q3 24
2.2%
Q2 24
6.5%
Capex Intensity
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
14.8%
Q3 25
10.7%
Q2 25
10.7%
Q1 25
9.1%
Q4 24
10.6%
Q3 24
11.0%
Q2 24
10.4%
Cash Conversion
FULT
FULT
SHAK
SHAK
Q1 26
Q4 25
3.08×
5.34×
Q3 25
1.16×
5.04×
Q2 25
0.92×
3.79×
Q1 25
0.01×
7.36×
Q4 24
6.07×
5.18×
Q3 24
-0.35×
Q2 24
1.66×
5.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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