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CAVA Group vs Shake Shack

Shake Shack is the larger business, with $1.45bn of revenue in fiscal 2025 against $1.18bn for CAVA Group (1.2 times as much). CAVA Group grew faster (22.4% against 15.4%). CAVA Group kept more of each dollar of sales as profit: a net margin of 5.4% against 3.2%.

Latest fiscal yearCAVA GroupCAVA, 2025Shake ShackSHAK, 2025
Revenue $1.18bn $1.45bn
Revenue growth 22.4% 15.4%
Net income $63.7m $45.7m
Operating margin — —
Net margin 5.4% 3.2%
Return on equity 8.6% 9.2%
Free cash flow $26.1m $56.5m
Cash $283m $360m
Total debt $0 $248m
Debt to equity — —
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 12,900 13,873
Market value $7.03bn $2.93bn
Price vs our value range Above our value range Above our value range
Moat score — 25 (Weak)
Insider trades, 12 months 7 buys, 34 sales 9 buys, 6 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.