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Side-by-side financial comparison of Shake Shack Inc. (SHAK) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $245.3M, roughly 1.6× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 3.0%, a 7.7% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (21.9% vs 2.4%). Tecnoglass Inc. produced more free cash flow last quarter ($11.4M vs $4.0M). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (17.4% CAGR vs 12.8%).

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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

SHAK vs TGLS — Head-to-Head

Bigger by revenue
SHAK
SHAK
1.6× larger
SHAK
$400.5M
$245.3M
TGLS
Growing faster (revenue YoY)
SHAK
SHAK
+19.5% gap
SHAK
21.9%
2.4%
TGLS
Higher net margin
TGLS
TGLS
7.7% more per $
TGLS
10.6%
3.0%
SHAK
More free cash flow
TGLS
TGLS
$7.5M more FCF
TGLS
$11.4M
$4.0M
SHAK
Faster 2-yr revenue CAGR
SHAK
SHAK
Annualised
SHAK
17.4%
12.8%
TGLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SHAK
SHAK
TGLS
TGLS
Revenue
$400.5M
$245.3M
Net Profit
$11.8M
$26.1M
Gross Margin
40.0%
Operating Margin
4.7%
18.3%
Net Margin
3.0%
10.6%
Revenue YoY
21.9%
2.4%
Net Profit YoY
35.8%
-44.5%
EPS (diluted)
$0.28
$0.57

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
SHAK
SHAK
TGLS
TGLS
Q4 25
$400.5M
$245.3M
Q3 25
$367.4M
$260.5M
Q2 25
$356.5M
$255.5M
Q1 25
$320.9M
$222.3M
Q4 24
$328.7M
$239.6M
Q3 24
$316.9M
$238.3M
Q2 24
$316.5M
$219.7M
Q1 24
$290.5M
$192.6M
Net Profit
SHAK
SHAK
TGLS
TGLS
Q4 25
$11.8M
$26.1M
Q3 25
$12.5M
$47.2M
Q2 25
$17.1M
$44.1M
Q1 25
$4.2M
$42.2M
Q4 24
$8.7M
$47.0M
Q3 24
$-10.2M
$49.5M
Q2 24
$9.7M
$35.0M
Q1 24
$2.0M
$29.7M
Gross Margin
SHAK
SHAK
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
SHAK
SHAK
TGLS
TGLS
Q4 25
4.7%
18.3%
Q3 25
5.0%
25.1%
Q2 25
6.3%
24.0%
Q1 25
0.9%
26.7%
Q4 24
3.1%
28.0%
Q3 24
-5.7%
28.4%
Q2 24
3.4%
23.3%
Q1 24
0.0%
21.3%
Net Margin
SHAK
SHAK
TGLS
TGLS
Q4 25
3.0%
10.6%
Q3 25
3.4%
18.1%
Q2 25
4.8%
17.3%
Q1 25
1.3%
19.0%
Q4 24
2.6%
19.6%
Q3 24
-3.2%
20.8%
Q2 24
3.1%
15.9%
Q1 24
0.7%
15.4%
EPS (diluted)
SHAK
SHAK
TGLS
TGLS
Q4 25
$0.28
$0.57
Q3 25
$0.30
$1.01
Q2 25
$0.41
$0.94
Q1 25
$0.10
$0.90
Q4 24
$0.22
$1.00
Q3 24
$-0.26
$1.05
Q2 24
$0.23
$0.75
Q1 24
$0.05
$0.63

Balance Sheet & Financial Strength

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

Metric
SHAK
SHAK
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$360.1M
$104.1M
Total DebtLower is stronger
$247.7M
$174.4M
Stockholders' EquityBook value
$525.3M
$713.1M
Total Assets
$1.9B
$1.3B
Debt / EquityLower = less leverage
0.47×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SHAK
SHAK
TGLS
TGLS
Q4 25
$360.1M
$104.1M
Q3 25
$357.8M
$127.1M
Q2 25
$336.8M
$140.9M
Q1 25
$312.9M
$160.2M
Q4 24
$320.7M
$137.5M
Q3 24
$310.9M
$124.8M
Q2 24
$304.4M
$129.5M
Q1 24
$284.8M
$138.8M
Total Debt
SHAK
SHAK
TGLS
TGLS
Q4 25
$247.7M
$174.4M
Q3 25
$247.5M
$114.7M
Q2 25
$247.2M
$110.6M
Q1 25
$246.9M
$110.6M
Q4 24
$246.7M
$111.1M
Q3 24
$246.4M
$126.8M
Q2 24
$246.2M
$144.7M
Q1 24
$245.9M
$160.9M
Stockholders' Equity
SHAK
SHAK
TGLS
TGLS
Q4 25
$525.3M
$713.1M
Q3 25
$509.0M
$764.0M
Q2 25
$494.1M
$736.0M
Q1 25
$473.3M
$685.1M
Q4 24
$470.0M
$631.2M
Q3 24
$456.1M
$613.3M
Q2 24
$462.4M
$574.8M
Q1 24
$446.4M
$573.6M
Total Assets
SHAK
SHAK
TGLS
TGLS
Q4 25
$1.9B
$1.3B
Q3 25
$1.8B
$1.2B
Q2 25
$1.8B
$1.2B
Q1 25
$1.7B
$1.1B
Q4 24
$1.7B
$1.0B
Q3 24
$1.7B
$996.3M
Q2 24
$1.7B
$942.5M
Q1 24
$1.6B
$981.6M
Debt / Equity
SHAK
SHAK
TGLS
TGLS
Q4 25
0.47×
0.24×
Q3 25
0.49×
0.15×
Q2 25
0.50×
0.15×
Q1 25
0.52×
0.16×
Q4 24
0.52×
0.18×
Q3 24
0.54×
0.21×
Q2 24
0.53×
0.25×
Q1 24
0.55×
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SHAK
SHAK
TGLS
TGLS
Operating Cash FlowLast quarter
$63.1M
$31.0M
Free Cash FlowOCF − Capex
$4.0M
$11.4M
FCF MarginFCF / Revenue
1.0%
4.7%
Capex IntensityCapex / Revenue
14.8%
8.0%
Cash ConversionOCF / Net Profit
5.34×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$56.5M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SHAK
SHAK
TGLS
TGLS
Q4 25
$63.1M
$31.0M
Q3 25
$63.0M
$40.0M
Q2 25
$65.0M
$17.9M
Q1 25
$31.2M
$46.9M
Q4 24
$45.1M
$61.1M
Q3 24
$41.9M
$41.5M
Q2 24
$53.5M
$34.5M
Q1 24
$30.7M
$33.4M
Free Cash Flow
SHAK
SHAK
TGLS
TGLS
Q4 25
$4.0M
$11.4M
Q3 25
$23.7M
$21.2M
Q2 25
$26.9M
$-14.7M
Q1 25
$1.9M
$16.5M
Q4 24
$10.4M
$35.4M
Q3 24
$7.1M
$17.8M
Q2 24
$20.6M
$14.2M
Q1 24
$-2.4M
$23.6M
FCF Margin
SHAK
SHAK
TGLS
TGLS
Q4 25
1.0%
4.7%
Q3 25
6.5%
8.2%
Q2 25
7.5%
-5.7%
Q1 25
0.6%
7.4%
Q4 24
3.2%
14.8%
Q3 24
2.2%
7.5%
Q2 24
6.5%
6.5%
Q1 24
-0.8%
12.2%
Capex Intensity
SHAK
SHAK
TGLS
TGLS
Q4 25
14.8%
8.0%
Q3 25
10.7%
7.2%
Q2 25
10.7%
12.7%
Q1 25
9.1%
13.7%
Q4 24
10.6%
10.7%
Q3 24
11.0%
9.9%
Q2 24
10.4%
9.2%
Q1 24
11.4%
5.1%
Cash Conversion
SHAK
SHAK
TGLS
TGLS
Q4 25
5.34×
1.19×
Q3 25
5.04×
0.85×
Q2 25
3.79×
0.41×
Q1 25
7.36×
1.11×
Q4 24
5.18×
1.30×
Q3 24
0.84×
Q2 24
5.54×
0.98×
Q1 24
15.03×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SHAK
SHAK

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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