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Side-by-side financial comparison of Shake Shack Inc. (SHAK) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $339.5M, roughly 1.2× Westrock Coffee Co). Shake Shack Inc. runs the higher net margin — 3.0% vs -6.6%, a 9.6% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 21.9%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $4.0M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs 17.4%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
SHAK vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $400.5M | $339.5M |
| Net Profit | $11.8M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 4.7% | -2.6% |
| Net Margin | 3.0% | -6.6% |
| Revenue YoY | 21.9% | 48.3% |
| Net Profit YoY | 35.8% | 8.3% |
| EPS (diluted) | $0.28 | $-0.22 |
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.
| Q4 25 | $400.5M | $339.5M | ||
| Q3 25 | $367.4M | $354.8M | ||
| Q2 25 | $356.5M | $280.9M | ||
| Q1 25 | $320.9M | $213.8M | ||
| Q4 24 | $328.7M | $229.0M | ||
| Q3 24 | $316.9M | $220.9M | ||
| Q2 24 | $316.5M | $208.4M | ||
| Q1 24 | $290.5M | $192.5M |
| Q4 25 | $11.8M | $-22.6M | ||
| Q3 25 | $12.5M | $-19.1M | ||
| Q2 25 | $17.1M | $-21.6M | ||
| Q1 25 | $4.2M | $-27.2M | ||
| Q4 24 | $8.7M | $-24.6M | ||
| Q3 24 | $-10.2M | $-14.3M | ||
| Q2 24 | $9.7M | $-17.8M | ||
| Q1 24 | $2.0M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 4.7% | -2.6% | ||
| Q3 25 | 5.0% | -2.4% | ||
| Q2 25 | 6.3% | -5.3% | ||
| Q1 25 | 0.9% | -6.1% | ||
| Q4 24 | 3.1% | -4.3% | ||
| Q3 24 | -5.7% | -5.8% | ||
| Q2 24 | 3.4% | -7.9% | ||
| Q1 24 | 0.0% | -5.3% |
| Q4 25 | 3.0% | -6.6% | ||
| Q3 25 | 3.4% | -5.4% | ||
| Q2 25 | 4.8% | -7.7% | ||
| Q1 25 | 1.3% | -12.7% | ||
| Q4 24 | 2.6% | -10.7% | ||
| Q3 24 | -3.2% | -6.5% | ||
| Q2 24 | 3.1% | -8.5% | ||
| Q1 24 | 0.7% | -12.3% |
| Q4 25 | $0.28 | $-0.22 | ||
| Q3 25 | $0.30 | $-0.20 | ||
| Q2 25 | $0.41 | $-0.23 | ||
| Q1 25 | $0.10 | $-0.29 | ||
| Q4 24 | $0.22 | $-0.26 | ||
| Q3 24 | $-0.26 | $-0.16 | ||
| Q2 24 | $0.23 | $-0.20 | ||
| Q1 24 | $0.05 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $360.1M | $49.9M |
| Total DebtLower is stronger | $247.7M | $444.1M |
| Stockholders' EquityBook value | $525.3M | $-1.9M |
| Total Assets | $1.9B | $1.2B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $360.1M | $49.9M | ||
| Q3 25 | $357.8M | $34.0M | ||
| Q2 25 | $336.8M | $44.0M | ||
| Q1 25 | $312.9M | $33.1M | ||
| Q4 24 | $320.7M | $26.2M | ||
| Q3 24 | $310.9M | $22.4M | ||
| Q2 24 | $304.4M | $24.3M | ||
| Q1 24 | $284.8M | $12.6M |
| Q4 25 | $247.7M | $444.1M | ||
| Q3 25 | $247.5M | — | ||
| Q2 25 | $247.2M | — | ||
| Q1 25 | $246.9M | — | ||
| Q4 24 | $246.7M | $393.1M | ||
| Q3 24 | $246.4M | — | ||
| Q2 24 | $246.2M | — | ||
| Q1 24 | $245.9M | — |
| Q4 25 | $525.3M | $-1.9M | ||
| Q3 25 | $509.0M | $11.4M | ||
| Q2 25 | $494.1M | $18.2M | ||
| Q1 25 | $473.3M | $71.4M | ||
| Q4 24 | $470.0M | $97.5M | ||
| Q3 24 | $456.1M | $110.3M | ||
| Q2 24 | $462.4M | $81.5M | ||
| Q1 24 | $446.4M | $91.7M |
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.1B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.6B | $983.3M |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.52× | 4.03× | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 0.55× | — |
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 | $63.1M | $36.7M |
| Free Cash FlowOCF − Capex | $4.0M | $27.8M |
| FCF MarginFCF / Revenue | 1.0% | 8.2% |
| Capex IntensityCapex / Revenue | 14.8% | 2.6% |
| Cash ConversionOCF / Net Profit | 5.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $56.5M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $63.1M | $36.7M | ||
| Q3 25 | $63.0M | $-26.6M | ||
| Q2 25 | $65.0M | $-7.0M | ||
| Q1 25 | $31.2M | $-22.1M | ||
| Q4 24 | $45.1M | $2.8M | ||
| Q3 24 | $41.9M | $-332.0K | ||
| Q2 24 | $53.5M | $-23.7M | ||
| Q1 24 | $30.7M | $8.0M |
| Q4 25 | $4.0M | $27.8M | ||
| Q3 25 | $23.7M | $-44.7M | ||
| Q2 25 | $26.9M | $-27.5M | ||
| Q1 25 | $1.9M | $-63.4M | ||
| Q4 24 | $10.4M | $-15.4M | ||
| Q3 24 | $7.1M | $-36.7M | ||
| Q2 24 | $20.6M | $-59.9M | ||
| Q1 24 | $-2.4M | $-60.9M |
| Q4 25 | 1.0% | 8.2% | ||
| Q3 25 | 6.5% | -12.6% | ||
| Q2 25 | 7.5% | -9.8% | ||
| Q1 25 | 0.6% | -29.7% | ||
| Q4 24 | 3.2% | -6.7% | ||
| Q3 24 | 2.2% | -16.6% | ||
| Q2 24 | 6.5% | -28.7% | ||
| Q1 24 | -0.8% | -31.7% |
| Q4 25 | 14.8% | 2.6% | ||
| Q3 25 | 10.7% | 5.1% | ||
| Q2 25 | 10.7% | 7.3% | ||
| Q1 25 | 9.1% | 19.3% | ||
| Q4 24 | 10.6% | 7.9% | ||
| Q3 24 | 11.0% | 16.5% | ||
| Q2 24 | 10.4% | 17.4% | ||
| Q1 24 | 11.4% | 35.8% |
| Q4 25 | 5.34× | — | ||
| Q3 25 | 5.04× | — | ||
| Q2 25 | 3.79× | — | ||
| Q1 25 | 7.36× | — | ||
| Q4 24 | 5.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.54× | — | ||
| Q1 24 | 15.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHAK
Segment breakdown not available.
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
