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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) 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 $253.4M, roughly 1.4× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 14.3%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 7.6%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
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.
PLMR vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $366.7M |
| Net Profit | — | $-294.0K |
| Gross Margin | — | — |
| Operating Margin | 28.7% | — |
| Net Margin | — | -0.1% |
| Revenue YoY | 62.7% | 14.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $2.05 | $-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 | $253.4M | $400.5M | ||
| Q3 25 | $244.7M | $367.4M | ||
| Q2 25 | $203.3M | $356.5M | ||
| Q1 25 | $174.6M | $320.9M | ||
| Q4 24 | $155.8M | $328.7M | ||
| Q3 24 | $148.5M | $316.9M | ||
| Q2 24 | $131.1M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | — | $11.8M | ||
| Q3 25 | $51.5M | $12.5M | ||
| Q2 25 | $46.5M | $17.1M | ||
| Q1 25 | $42.9M | $4.2M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | $30.5M | $-10.2M | ||
| Q2 24 | $25.7M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | 28.7% | 4.7% | ||
| Q3 25 | 27.4% | 5.0% | ||
| Q2 25 | 29.5% | 6.3% | ||
| Q1 25 | 30.8% | 0.9% | ||
| Q4 24 | 28.9% | 3.1% | ||
| Q3 24 | 25.9% | -5.7% | ||
| Q2 24 | 25.5% | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | — | 3.0% | ||
| Q3 25 | 21.0% | 3.4% | ||
| Q2 25 | 22.9% | 4.8% | ||
| Q1 25 | 24.6% | 1.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 20.5% | -3.2% | ||
| Q2 24 | 19.6% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $2.05 | $0.28 | ||
| Q3 25 | $1.87 | $0.30 | ||
| Q2 25 | $1.68 | $0.41 | ||
| Q1 25 | $1.57 | $0.10 | ||
| Q4 24 | $1.29 | $0.22 | ||
| Q3 24 | $1.15 | $-0.26 | ||
| Q2 24 | $1.00 | $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 | $106.9M | $313.6M |
| Total DebtLower is stronger | — | $248.0M |
| Stockholders' EquityBook value | $942.7M | $554.6M |
| Total Assets | $3.1B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $106.9M | $360.1M | ||
| Q3 25 | $111.7M | $357.8M | ||
| Q2 25 | $81.3M | $336.8M | ||
| Q1 25 | $119.3M | $312.9M | ||
| Q4 24 | $80.4M | $320.7M | ||
| Q3 24 | $86.5M | $310.9M | ||
| Q2 24 | $47.8M | $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 | $942.7M | $525.3M | ||
| Q3 25 | $878.1M | $509.0M | ||
| Q2 25 | $847.2M | $494.1M | ||
| Q1 25 | $790.4M | $473.3M | ||
| Q4 24 | $729.0M | $470.0M | ||
| Q3 24 | $703.3M | $456.1M | ||
| Q2 24 | $532.6M | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $2.9B | $1.8B | ||
| Q2 25 | $2.8B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.3B | $1.7B | ||
| Q2 24 | $2.0B | $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 | $409.1M | $8.5M |
| Free Cash FlowOCF − Capex | $409.0M | — |
| FCF MarginFCF / Revenue | 161.4% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $409.1M | $63.1M | ||
| Q3 25 | $83.6M | $63.0M | ||
| Q2 25 | $120.9M | $65.0M | ||
| Q1 25 | $87.2M | $31.2M | ||
| Q4 24 | $261.2M | $45.1M | ||
| Q3 24 | $100.3M | $41.9M | ||
| Q2 24 | $55.1M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $409.0M | $4.0M | ||
| Q3 25 | $83.6M | $23.7M | ||
| Q2 25 | $120.8M | $26.9M | ||
| Q1 25 | $87.1M | $1.9M | ||
| Q4 24 | $260.9M | $10.4M | ||
| Q3 24 | $100.1M | $7.1M | ||
| Q2 24 | — | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | 161.4% | 1.0% | ||
| Q3 25 | 34.2% | 6.5% | ||
| Q2 25 | 59.4% | 7.5% | ||
| Q1 25 | 49.9% | 0.6% | ||
| Q4 24 | 167.5% | 3.2% | ||
| Q3 24 | 67.4% | 2.2% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 14.8% | ||
| Q3 25 | 0.0% | 10.7% | ||
| Q2 25 | 0.0% | 10.7% | ||
| Q1 25 | 0.0% | 9.1% | ||
| Q4 24 | 0.2% | 10.6% | ||
| Q3 24 | 0.1% | 11.0% | ||
| Q2 24 | 0.0% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.34× | ||
| Q3 25 | 1.63× | 5.04× | ||
| Q2 25 | 2.60× | 3.79× | ||
| Q1 25 | 2.03× | 7.36× | ||
| Q4 24 | — | 5.18× | ||
| Q3 24 | 3.29× | — | ||
| Q2 24 | 2.14× | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
