Chagee Holdings vs Shake Shack
Chagee Holdings is the larger business, with $1.80bn of revenue in fiscal 2025 against $1.45bn for Shake Shack (1.2 times as much). Shake Shack grew faster (15.4% against 4.2%). Chagee Holdings kept more of each dollar of sales as profit: a net margin of 9.1% against 3.2%.
| Latest fiscal year | Chagee HoldingsCHA, 2025 | Shake ShackSHAK, 2025 |
|---|---|---|
| Revenue | $1.80bn | $1.45bn |
| Revenue growth | 4.2% | 15.4% |
| Net income | $163m | $45.7m |
| Operating margin | 10.4% | — |
| Net margin | 9.1% | 3.2% |
| Return on equity | 23.1% | 9.2% |
| Free cash flow | $171m | $56.5m |
| Cash | $1.09bn | $360m |
| Total debt | $0 | $248m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 13,873 |
| Market value | $2.09bn | $2.93bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 25 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 9 buys, 6 sales |