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Side-by-side financial comparison of REV Group, Inc. (REVG) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
REV Group, Inc. is the larger business by last-quarter revenue ($664.4M vs $366.7M, roughly 1.8× Shake Shack Inc.). REV Group, Inc. runs the higher net margin — 4.3% vs -0.1%, a 4.4% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs 11.1%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% CAGR vs 6.5%).
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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.
REVG vs SHAK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $664.4M | $366.7M |
| Net Profit | $28.9M | $-294.0K |
| Gross Margin | 15.4% | — |
| Operating Margin | 7.1% | — |
| Net Margin | 4.3% | -0.1% |
| Revenue YoY | 11.1% | 14.3% |
| Net Profit YoY | -30.7% | — |
| EPS (diluted) | $0.57 | $-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 | $664.4M | $400.5M | ||
| Q3 25 | $644.9M | $367.4M | ||
| Q2 25 | $629.1M | $356.5M | ||
| Q1 25 | $525.1M | $320.9M | ||
| Q4 24 | $597.9M | $328.7M | ||
| Q3 24 | $579.4M | $316.9M | ||
| Q2 24 | $616.9M | $316.5M |
| Q1 26 | — | $-294.0K | ||
| Q4 25 | $28.9M | $11.8M | ||
| Q3 25 | $29.1M | $12.5M | ||
| Q2 25 | $19.0M | $17.1M | ||
| Q1 25 | $18.2M | $4.2M | ||
| Q4 24 | $41.7M | $8.7M | ||
| Q3 24 | $18.0M | $-10.2M | ||
| Q2 24 | $15.2M | $9.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 12.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.1% | 4.7% | ||
| Q3 25 | 8.8% | 5.0% | ||
| Q2 25 | 7.9% | 6.3% | ||
| Q1 25 | 5.3% | 0.9% | ||
| Q4 24 | 5.8% | 3.1% | ||
| Q3 24 | 4.9% | -5.7% | ||
| Q2 24 | 3.7% | 3.4% |
| Q1 26 | — | -0.1% | ||
| Q4 25 | 4.3% | 3.0% | ||
| Q3 25 | 4.5% | 3.4% | ||
| Q2 25 | 3.0% | 4.8% | ||
| Q1 25 | 3.5% | 1.3% | ||
| Q4 24 | 7.0% | 2.6% | ||
| Q3 24 | 3.1% | -3.2% | ||
| Q2 24 | 2.5% | 3.1% |
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $0.57 | $0.28 | ||
| Q3 25 | $0.59 | $0.30 | ||
| Q2 25 | $0.38 | $0.41 | ||
| Q1 25 | $0.35 | $0.10 | ||
| Q4 24 | $1.03 | $0.22 | ||
| Q3 24 | $0.35 | $-0.26 | ||
| Q2 24 | $0.28 | $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 | $34.7M | $313.6M |
| Total DebtLower is stronger | — | $248.0M |
| Stockholders' EquityBook value | $416.3M | $554.6M |
| Total Assets | $1.2B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $313.6M | ||
| Q4 25 | $34.7M | $360.1M | ||
| Q3 25 | $36.0M | $357.8M | ||
| Q2 25 | $28.8M | $336.8M | ||
| Q1 25 | $31.6M | $312.9M | ||
| Q4 24 | $24.6M | $320.7M | ||
| Q3 24 | $50.5M | $310.9M | ||
| Q2 24 | $38.2M | $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 | $416.3M | $525.3M | ||
| Q3 25 | $387.3M | $509.0M | ||
| Q2 25 | $357.8M | $494.1M | ||
| Q1 25 | $428.8M | $473.3M | ||
| Q4 24 | $435.1M | $470.0M | ||
| Q3 24 | $394.6M | $456.1M | ||
| Q2 24 | $379.7M | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $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 | $76.9M | $8.5M |
| Free Cash FlowOCF − Capex | $53.7M | — |
| FCF MarginFCF / Revenue | 8.1% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $190.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $76.9M | $63.1M | ||
| Q3 25 | $60.3M | $63.0M | ||
| Q2 25 | $117.0M | $65.0M | ||
| Q1 25 | $-13.1M | $31.2M | ||
| Q4 24 | $68.6M | $45.1M | ||
| Q3 24 | $14.4M | $41.9M | ||
| Q2 24 | $40.1M | $53.5M |
| Q1 26 | — | — | ||
| Q4 25 | $53.7M | $4.0M | ||
| Q3 25 | $48.7M | $23.7M | ||
| Q2 25 | $105.6M | $26.9M | ||
| Q1 25 | $-18.0M | $1.9M | ||
| Q4 24 | $63.3M | $10.4M | ||
| Q3 24 | $8.5M | $7.1M | ||
| Q2 24 | $34.2M | $20.6M |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 1.0% | ||
| Q3 25 | 7.6% | 6.5% | ||
| Q2 25 | 16.8% | 7.5% | ||
| Q1 25 | -3.4% | 0.6% | ||
| Q4 24 | 10.6% | 3.2% | ||
| Q3 24 | 1.5% | 2.2% | ||
| Q2 24 | 5.5% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 14.8% | ||
| Q3 25 | 1.8% | 10.7% | ||
| Q2 25 | 1.8% | 10.7% | ||
| Q1 25 | 0.9% | 9.1% | ||
| Q4 24 | 0.9% | 10.6% | ||
| Q3 24 | 1.0% | 11.0% | ||
| Q2 24 | 1.0% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.66× | 5.34× | ||
| Q3 25 | 2.07× | 5.04× | ||
| Q2 25 | 6.16× | 3.79× | ||
| Q1 25 | -0.72× | 7.36× | ||
| Q4 24 | 1.65× | 5.18× | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 2.64× | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REVG
| Specialty Vehicles | $507.4M | 76% |
| Recreational Vehicles | $157.2M | 24% |
SHAK
Segment breakdown not available.
