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Side-by-side financial comparison of Shake Shack Inc. (SHAK) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($366.7M vs $199.5M, roughly 1.8× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -0.1%, a 3.6% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs -4.1%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
SHAK vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $366.7M | $199.5M |
| Net Profit | $-294.0K | $7.1M |
| Gross Margin | — | — |
| Operating Margin | — | 7.7% |
| Net Margin | -0.1% | 3.6% |
| Revenue YoY | 14.3% | -4.1% |
| Net Profit YoY | — | -78.1% |
| EPS (diluted) | $-0.01 | $1.05 |
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 | $199.5M | ||
| Q4 25 | $400.5M | $208.0M | ||
| Q3 25 | $367.4M | $216.4M | ||
| Q2 25 | $356.5M | $210.5M | ||
| Q1 25 | $320.9M | $217.9M | ||
| Q4 24 | $328.7M | $233.5M | ||
| Q3 24 | $316.9M | $227.0M | ||
| Q2 24 | $316.5M | $224.4M |
| Q1 26 | $-294.0K | $7.1M | ||
| Q4 25 | $11.8M | $33.9M | ||
| Q3 25 | $12.5M | $31.3M | ||
| Q2 25 | $17.1M | $42.7M | ||
| Q1 25 | $4.2M | $28.1M | ||
| Q4 24 | $8.7M | $39.5M | ||
| Q3 24 | $-10.2M | $49.1M | ||
| Q2 24 | $9.7M | $26.0M |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 4.7% | 19.1% | ||
| Q3 25 | 5.0% | 21.7% | ||
| Q2 25 | 6.3% | 21.5% | ||
| Q1 25 | 0.9% | 16.8% | ||
| Q4 24 | 3.1% | 21.7% | ||
| Q3 24 | -5.7% | 24.3% | ||
| Q2 24 | 3.4% | 19.7% |
| Q1 26 | -0.1% | 3.6% | ||
| Q4 25 | 3.0% | 16.3% | ||
| Q3 25 | 3.4% | 14.5% | ||
| Q2 25 | 4.8% | 20.3% | ||
| Q1 25 | 1.3% | 12.9% | ||
| Q4 24 | 2.6% | 16.9% | ||
| Q3 24 | -3.2% | 21.6% | ||
| Q2 24 | 3.1% | 11.6% |
| Q1 26 | $-0.01 | $1.05 | ||
| Q4 25 | $0.28 | $5.15 | ||
| Q3 25 | $0.30 | $4.65 | ||
| Q2 25 | $0.41 | $6.12 | ||
| Q1 25 | $0.10 | $4.05 | ||
| Q4 24 | $0.22 | $4.65 | ||
| Q3 24 | $-0.26 | $5.71 | ||
| Q2 24 | $0.23 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $313.6M | $136.6M |
| Total DebtLower is stronger | $248.0M | — |
| Stockholders' EquityBook value | $554.6M | $93.6B |
| Total Assets | $1.9B | — |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $313.6M | $136.6M | ||
| 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 | — |
| Q1 26 | $248.0M | — | ||
| Q4 25 | $247.7M | $390.0M | ||
| Q3 25 | $247.5M | $390.6M | ||
| Q2 25 | $247.2M | $231.3M | ||
| Q1 25 | $246.9M | $231.7M | ||
| Q4 24 | $246.7M | $232.1M | ||
| Q3 24 | $246.4M | $237.5M | ||
| Q2 24 | $246.2M | $247.6M |
| Q1 26 | $554.6M | $93.6B | ||
| Q4 25 | $525.3M | $934.0M | ||
| Q3 25 | $509.0M | $918.7M | ||
| Q2 25 | $494.1M | $896.4M | ||
| Q1 25 | $473.3M | $893.7M | ||
| Q4 24 | $470.0M | $897.5M | ||
| Q3 24 | $456.1M | $889.0M | ||
| Q2 24 | $462.4M | $868.7M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $4.3B | ||
| Q3 25 | $1.8B | $3.9B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $1.7B | $4.0B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.7B | $3.6B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | 0.47× | 0.42× | ||
| Q3 25 | 0.49× | 0.43× | ||
| Q2 25 | 0.50× | 0.26× | ||
| Q1 25 | 0.52× | 0.26× | ||
| Q4 24 | 0.52× | 0.26× | ||
| Q3 24 | 0.54× | 0.27× | ||
| Q2 24 | 0.53× | 0.29× |
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 | $8.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $8.5M | — | ||
| Q4 25 | $63.1M | $-67.2M | ||
| Q3 25 | $63.0M | $108.3M | ||
| Q2 25 | $65.0M | $75.8M | ||
| Q1 25 | $31.2M | $-3.8M | ||
| Q4 24 | $45.1M | $1.8M | ||
| Q3 24 | $41.9M | $69.1M | ||
| Q2 24 | $53.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $-74.1M | ||
| Q3 25 | $23.7M | $106.9M | ||
| Q2 25 | $26.9M | $74.2M | ||
| Q1 25 | $1.9M | $-6.8M | ||
| Q4 24 | $10.4M | $-3.8M | ||
| Q3 24 | $7.1M | $68.7M | ||
| Q2 24 | $20.6M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | -35.6% | ||
| Q3 25 | 6.5% | 49.4% | ||
| Q2 25 | 7.5% | 35.2% | ||
| Q1 25 | 0.6% | -3.1% | ||
| Q4 24 | 3.2% | -1.6% | ||
| Q3 24 | 2.2% | 30.3% | ||
| Q2 24 | 6.5% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 3.3% | ||
| Q3 25 | 10.7% | 0.7% | ||
| Q2 25 | 10.7% | 0.7% | ||
| Q1 25 | 9.1% | 1.4% | ||
| Q4 24 | 10.6% | 2.4% | ||
| Q3 24 | 11.0% | 0.2% | ||
| Q2 24 | 10.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.34× | -1.99× | ||
| Q3 25 | 5.04× | 3.45× | ||
| Q2 25 | 3.79× | 1.77× | ||
| Q1 25 | 7.36× | -0.13× | ||
| Q4 24 | 5.18× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 5.54× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHAK
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
