What is Cheesecake Factory (The)'s earnings per share (EPS)?

Cheesecake Factory (The) (CAKE) reported diluted earnings per share of $3.06 for fiscal year 2025. This represents a -4.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cheesecake Factory (The) (CAKE) Financials

CAKE

Trailing 12 months to June 30, 2026

Revenue $3.9B YoY not available

Net Income $178.2M YoY not available

EPS (Diluted) $3.69 YoY not available

Free Cash Flow $206.3M YoY not available

Market Cap $5.4B as of Oct 13, 2026

Price / Sales 1.4x on $3.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 30.4x on $178.2M net income, trailing 12 months to June 30, 2026

Price / Book 10.5x on $519.0M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAKE SEC filings page.

Cheesecake Factory (The) (CAKE) reported $3.9B in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CAKE FY2025 2026-10-04

Stronger operating conversion is producing more cash, but reinvestment and leverage keep short-term financial flexibility limited.

In FY2025, operating cash flow of $301M was roughly twice net income of $148M, so reported earnings were supported by cash rather than merely accounting accruals. Free cash flow margin reached 4.1% after capital spending, showing reinvestment absorbed part—but not all—of that operating inflow.

Operating margin rose from 1.2% in FY2023 to 5.0% in FY2025 while revenue expanded, indicating that the recent improvement came from better operating conversion rather than sales growth alone.

Debt-to-equity rose from 1.0x in FY2024 to 1.3x in FY2025 even as free cash flow improved, meaning stronger cash generation did not translate into a less leveraged posture. The current ratio was 0.6x, below 1.0x, leaving reported current liabilities larger than current assets and making liquidity a tighter operating constraint than profitability alone suggests.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Cheesecake Factory (The)'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Cheesecake Factory (The) has an operating margin of 5.0%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is unchanged from the prior year.

Growth

Cheesecake Factory (The)'s revenue grew a modest 4.7% year-over-year to $3.8B. This slow but positive growth earns a score of 47/100.

Leverage

Cheesecake Factory (The) has a moderate D/E ratio of 1.29. This balance of debt and equity financing earns a leverage score of 44/100.

Liquidity

Cheesecake Factory (The)'s current ratio of 0.59 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Cheesecake Factory (The) has a free cash flow margin of 4.1%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Cheesecake Factory (The)'s ROE of 33.9% shows moderate profitability relative to equity, earning a score of 56/100. This is down from 35.4% the prior year.

Altman Z-Score Grey Zone

2.98

Cheesecake Factory (The) scores 2.98, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Cheesecake Factory (The) passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.04x

For every $1 of reported earnings, Cheesecake Factory (The) generates $2.04 in operating cash flow ($301.3M OCF vs $148.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

17.93x

Cheesecake Factory (The) earns $17.93 in operating income for every $1 of interest expense ($187.3M vs $10.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.0B

YoY+11.0%

QoQ+5.2%

5Y CAGR+13.2%

10Y CAGR+6.9%

Cheesecake Factory (The) generated $1.0B in revenue in Q2 2026. This represents an increase of 11.0% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.

EBITDA

$107.7M

YoY+38.0%

QoQ+29.7%

10Y CAGR+6.6%

Cheesecake Factory (The)'s EBITDA was $107.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 38.0% from the same quarter a year earlier. Against the prior quarter it is up 29.7%.

Net Income

$68.4M

YoY+107.6%

QoQ+38.0%

10Y CAGR+10.1%

Cheesecake Factory (The) reported $68.4M in net income in Q2 2026. This represents an increase of 107.6% from the same quarter a year earlier. Against the prior quarter it is up 38.0%.

EPS (Diluted)

$1.41

YoY+110.4%

QoQ+38.2%

10Y CAGR+10.5%

Cheesecake Factory (The) earned $1.41 per diluted share (EPS) in Q2 2026. This represents an increase of 110.4% from the same quarter a year earlier. Against the prior quarter it is up 38.2%.

Cash & Balance Sheet

Free Cash Flow

$49.3M

YoY+36.5%

QoQ-7.6%

5Y CAGR+15.9%

Cheesecake Factory (The) generated $49.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 36.5% from the same quarter a year earlier. Against the prior quarter it is down 7.6%.

Cash & Debt

$195.2M

YoY+44.1%

QoQ-17.0%

5Y CAGR+4.8%

10Y CAGR+20.8%

Cheesecake Factory (The) held $195.2M in cash against $562.9M in long-term debt as of Q2 2026.

Dividends Per Share

$0.30

YoY+11.1%

QoQ0.0%

Cheesecake Factory (The) paid $0.30 per share in dividends in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

50M

YoY+0.5%

QoQ+0.2%

5Y CAGR+1.7%

10Y CAGR+0.1%

Cheesecake Factory (The) had 50M shares outstanding in Q2 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Margins & Returns

Operating Margin

7.6%

YoY+2.0pp

QoQ+2.0pp

5Y change+14.6pp

10Y change+0.9pp

Cheesecake Factory (The)'s operating margin was 7.6% in Q2 2026, reflecting core business profitability. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.0 percentage points.

Net Margin

6.6%

YoY+3.1pp

QoQ+1.6pp

5Y change+12.5pp

10Y change+1.7pp

Cheesecake Factory (The)'s net profit margin was 6.6% in Q2 2026, showing the share of revenue converted to profit. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.

Return on Equity

13.2%

YoY+3.5pp

QoQ+2.4pp

5Y change+24.4pp

10Y change+8.7pp

Cheesecake Factory (The)'s ROE was 13.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$11.0M

YoY-92.2%

QoQ-40.4%

5Y CAGR+96.0%

10Y CAGR+3.4%

Cheesecake Factory (The) spent $11.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 92.2% from the same quarter a year earlier. Against the prior quarter it is down 40.4%.

Capital Expenditures

$42.9M

YoY+0.3%

QoQ-1.0%

5Y CAGR+28.9%

10Y CAGR-1.3%

Cheesecake Factory (The) invested $42.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 0.3% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

R&D Spending

Not reported for Q2 2026.

CAKE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAKE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2410-K	FY2310-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1510-K	FY1410-K	FY1310-K	FY1310-K	FY1210-K
Revenue	$3.9B	$3.8B+4.7%	$3.6B	$3.4B+4.1%	$3.3B	$2.9B+47.6%	$2.0B-20.1%	$2.5B	$2.3B+3.2%	$2.3B-0.7%	$2.3B	$2.1B+6.3%	$2.0B+5.3%	$1.9B	$1.8B+2.9%	$1.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$653.1M+42.5%	$458.3M-18.4%	$561.8M	$532.9M+2.6%	$519.4M-1.4%	$526.6M	$504.0M+2.8%	$490.3M+7.6%	$455.7M	$450.2M+0.4%	$448.5M
Gross Profit	N/A	N/A	N/A	N/A	N/A	$2.3B+49.2%	$1.5B-20.6%	$1.9B	$1.8B+3.4%	$1.7B-0.5%	$1.7B	$1.6B+7.4%	$1.5B+4.5%	$1.4B	$1.4B+3.8%	$1.3B
SG&A Expenses	$255.7M	$244.9M+7.1%	$228.7M	$217.4M+5.7%	$205.8M	$186.1M+18.1%	$157.6M-1.6%	$160.2M	$154.8M+9.4%	$141.5M-3.1%	$146.0M	$137.4M+15.4%	$119.1M+3.8%	$114.7M	$104.2M+8.2%	$96.3M
Operating Income	$204.2M	$187.3M+5.0%	$178.3M	$108.6M+178.8%	$38.9M	$82.3M+123.7%	-$347.4M-435.4%	$103.6M	$118.9M-22.2%	$152.8M-24.0%	$201.0M	$165.2M+14.2%	$144.7M-10.1%	$161.0M	$138.7M+3.9%	$133.4M
EBITDA	N/A	$296.3M+5.9%	$279.8M	$201.7M+53.6%	$131.3M	$172.0M+167.2%	-$256.0M-233.5%	$191.7M	$214.9M-12.5%	$245.6M-15.0%	$289.0M	$250.8M+10.2%	$227.6M-5.0%	$239.5M	$213.1M+3.8%	$205.4M
Interest Expense	$9.3M	$10.4M+3.4%	$10.1M	$10.2M+35.7%	$7.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.9M
Income Tax	$17.8M	$14.5M+1.4%	$14.3M	-$1.3M+86.9%	-$10.2M	-$753K+99.3%	-$102.7M-887.3%	$13.0M	$8.4M+176.7%	-$10.9M-120.9%	$52.3M	$42.8M+14.9%	$37.3M-11.5%	$42.1M	$35.6M+6.4%	$33.4M
Net Income	$178.2M	$148.0M-5.7%	$157.0M	$101.0M+134.9%	$43.0M	$72.0M+128.4%	-$253.4M-299.0%	$127.3M	$99.0M-37.1%	$157.4M+12.8%	$139.5M	$116.5M+15.1%	$101.3M-11.4%	$114.4M	$98.4M+2.8%	$95.7M
EPS (Basic)	N/A	$3.17-3.4%	$3.28	$2.10+141.4%	$0.87	$1.03+116.3%	-$6.32-317.9%	$2.90	$2.19-34.6%	$3.35+15.1%	$2.91	$2.39+17.2%	$2.04-6.8%	$2.19	$1.85+8.8%	$1.70
EPS (Diluted)	$3.69	$3.06-4.4%	$3.20	$2.07+140.7%	$0.86	$1.01	-$6.32-321.0%	$2.86	$2.14-34.6%	$3.27+15.5%	$2.83	$2.30+17.3%	$1.96-6.7%	$2.10	$1.78+8.5%	$1.64
Diluted Shares (Avg)	N/A	49M-0.9%	49M	49M-2.7%	50M	49M	44M-1.5%	45M	46M-4.0%	48M-2.5%	49M	51M-1.9%	52M-5.1%	54M	55M-5.1%	58M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q
Revenue	$1.0B+11.0%	$978.8M	$961.6M+11.1%	$907.2M+0.4%	$927.2M+4.0%	$865.5M+4.2%	$904.0M+4.4%	$891.2M+2.9%
SG&A Expenses	$65.6M+9.4%	$63.9M	$67.2M+19.6%	$59.0M+8.5%	$59.9M-0.7%	$56.2M+3.7%	$54.4M-0.2%	$60.4M+11.6%
Operating Income	$78.6M+51.3%	$55.0M	$33.2M-1.4%	$37.3M-36.5%	$52.0M+32.2%	$33.7M+77.1%	$58.7M+23.6%	$39.3M+15.8%
EBITDA	$107.7M+38.0%	$83.0M	$61.9M+4.9%	$64.7M-22.7%	$78.0M+21.8%	$59.0M+40.9%	$83.7M+18.1%	$64.0M+12.6%
Interest Expense	$2.1M-11.6%	$2.0M	$3.0M+23.4%	$2.2M-18.6%	$2.3M-16.2%	$2.4M	$2.8M	$2.8M
Income Tax	$8.5M+451.8%	$3.8M	$1.9M+4.7%	$3.6M-8.2%	$1.5M-64.5%	$1.8M+295.4%	$3.9M+48.1%	$4.3M+8.6%
Net Income	$68.4M+107.6%	$49.5M	$28.3M-5.5%	$31.9M-39.2%	$32.9M-0.8%	$30.0M+67.1%	$52.4M+22.9%	$33.2M+18.3%
EPS (Basic)	$1.47+113.0%	$1.06	$0.62-1.6%	$0.68-38.2%	$0.69-1.4%	$0.63+70.3%	$1.10+25.0%	$0.70+20.7%
EPS (Diluted)	$1.41+110.4%	$1.02	$0.60-1.6%	$0.66-38.9%	$0.67-1.5%	$0.61+64.9%	$1.08+24.1%	$0.68+21.4%
Diluted Shares (Avg)	48M-1.6%	48M	N/A	49M-0.3%	49M+1.3%	49M-0.1%	49M-0.6%	49M-2.2%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

CAKE Balance Sheet

CAKE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2410-K	FY2310-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1510-K	FY1410-K	FY1310-K	FY1310-K	FY1210-K
Total Assets	$3.3B+7.2%	$3.0B	$2.8B+2.3%	$2.8B	$2.8B+1.9%	$2.7B-3.3%	$2.8B	$1.3B-1.4%	$1.3B+3.1%	$1.3B	$1.2B+6.2%	$1.2B+4.8%	$1.1B	$1.1B+6.8%	$1.0B
Current Assets	$454.8M+36.5%	$333.3M	$300.8M-13.0%	$345.8M	$405.6M+18.8%	$341.4M+39.6%	$244.5M	$195.2M-6.4%	$208.6M-5.8%	$221.4M	$225.4M+0.5%	$224.4M-0.7%	$225.9M	$230.2M+30.5%	$176.4M
Cash & Equivalents	$215.7M+156.3%	$84.2M	$56.3M-51.0%	$114.8M	$189.6M+23.1%	$154.1M+163.8%	$58.4M	$26.6M+342.4%	$6.0M-88.8%	$53.8M	$43.9M-24.4%	$58.0M-6.0%	$61.8M	$83.6M+73.3%	$48.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$54.0M-16.4%	$64.5M	$57.7M+3.8%	$55.6M	$42.8M+9.0%	$39.3M-16.8%	$47.2M	$38.9M-8.6%	$42.6M+21.9%	$34.9M	$34.0M+2.3%	$33.3M-6.3%	$35.5M	$28.8M+2.2%	$28.2M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	$25.6M	$20.9M+5.4%	$19.9M+27.1%	$15.6M	$14.2M-6.7%	$15.2M+50.5%	$10.1M	$14.6M+28.4%	$11.3M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.5M0.0%	$1.5M	$1.5M0.0%	$1.5M	$1.5M0.0%	$1.5M-98.1%	$78.4M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.8B+8.7%	$2.6B	$2.5B+1.6%	$2.5B	$2.5B+0.4%	$2.5B+8.4%	$2.3B	$743.1M+3.3%	$719.5M+4.3%	$690.1M	$644.8M+6.6%	$604.9M+14.0%	$530.8M	$512.4M+6.8%	$479.8M
Current Liabilities	$777.0M+9.2%	$711.4M	$660.7M+0.6%	$656.7M	$636.3M+8.6%	$586.1M-4.6%	$614.6M	$416.5M+4.7%	$398.0M+5.7%	$376.5M	$350.2M+8.8%	$322.0M+21.9%	$264.2M	$253.0M+13.3%	$223.2M
Non-Current Liabilities	$2.0B+8.6%	$1.9B	$1.9B+1.9%	$1.8B	$1.8B-2.2%	$1.9B+13.2%	$1.7B	$326.6M+1.6%	$321.6M+2.5%	$313.6M	$294.6M+4.1%	$282.9M+6.1%	$266.5M	$259.4M+1.1%	$256.6M
Long-Term Debt	$561.3M+24.2%	$452.1M	$470.0M+0.4%	$468.0M	$466.0M+66.4%	$280.0M-3.4%	$290.0M	$10.0M0.0%	$10.0M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$436.4M-1.6%	$443.5M	$318.1M+8.9%	$292.0M	$330.2M+14.4%	$288.7M-49.5%	$571.7M	$571.1M-6.9%	$613.5M+1.7%	$603.2M	$588.5M+5.8%	$556.5M-3.6%	$577.4M	$579.7M+6.8%	$542.8M
Retained Earnings	$1.4B+7.2%	$1.3B	$1.2B+3.9%	$1.2B	$1.2B+5.3%	$1.1B-21.2%	$1.4B	$1.4B+2.9%	$1.3B+8.7%	$1.2B	$1.1B+7.6%	$1.1B+7.2%	$989.5M	$902.5M+10.5%	$817.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q
Total Assets	$3.3B+5.9%	$3.3B	$3.3B+11.1%	$3.2B+12.6%	$3.1B+9.6%	$2.9B+5.7%	$2.9B+4.0%	$2.8B+3.5%
Current Assets	$418.8M+16.0%	$464.8M	$454.8M+58.7%	$423.9M+52.5%	$361.1M+27.3%	$286.5M+5.2%	$277.9M-7.1%	$283.6M-9.6%
Cash & Equivalents	$195.2M+44.1%	$235.1M	$215.7M+313.2%	$190.0M+367.3%	$135.4M+124.9%	$52.2M-18.4%	$40.7M-55.6%	$60.2M-48.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$50.5M-24.5%	$50.6M	$54.0M-22.7%	$63.4M-10.7%	$66.9M+2.2%	$69.8M+19.0%	$71.0M+16.6%	$65.5M+11.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$1.5M	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.8B+0.1%	$2.8B	$2.8B+11.3%	$2.8B+12.4%	$2.8B+10.6%	$2.5B+3.4%	$2.5B+2.5%	$2.5B+2.6%
Current Liabilities	$713.6M+4.3%	$781.3M	$777.0M+19.2%	$771.4M+20.0%	$683.9M+4.5%	$651.9M+5.4%	$642.6M+3.1%	$654.5M+4.4%
Non-Current Liabilities	$2.1B-1.2%	$2.1B	$2.0B+8.5%	$2.0B+9.7%	$2.1B+12.8%	$1.9B+2.8%	$1.9B+2.3%	$1.9B+1.9%
Long-Term Debt	$562.9M-10.3%	$562.1M	$561.3M+19.0%	$560.4M+19.0%	$627.3M+33.3%	$471.6M+0.4%	$471.1M+0.4%	$470.6M+0.4%
Total Equity	$519.0M+52.9%	$459.2M	$436.4M+10.1%	$425.3M+13.7%	$339.4M+2.1%	$396.4M+23.2%	$374.0M+14.8%	$332.4M+10.9%
Retained Earnings	$1.5B+12.2%	$1.4B	$1.4B+9.5%	$1.4B+9.7%	$1.3B+8.3%	$1.3B+6.0%	$1.3B+5.0%	$1.2B+4.3%

Not reported in any period shown, so not listed: Accounts Receivable.

CAKE Cash Flow Statement

CAKE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2410-K	FY2310-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1510-K	FY1410-K	FY1310-K	FY1310-K	FY1210-K
Operating Cash Flow	$354.4M	$301.3M+12.3%	$268.3M	$218.4M+34.9%	$161.9M	$213.0M+7224.8%	$2.9M-98.7%	$218.8M	$291.3M+22.0%	$238.8M-24.5%	$316.4M	$247.7M+3.4%	$239.6M+17.0%	$204.8M	$195.4M-0.4%	$196.1M
Depreciation & Amortization	N/A	$109.0M+7.5%	$101.5M	$93.1M+0.8%	$92.4M	$89.7M-1.9%	$91.4M+3.7%	$88.1M	$96.0M+3.5%	$92.7M+5.4%	$88.0M	$85.6M+3.3%	$82.8M+5.4%	$78.6M	$74.4M+3.4%	$72.0M
Stock-Based Compensation	N/A	$27.2M-9.1%	$30.0M	$25.8M+5.5%	$24.4M	$23.0M+7.7%	$21.4M+10.2%	$19.4M	$20.0M+21.5%	$16.5M-23.4%	$21.5M	$20.1M+19.2%	$16.8M+19.0%	$14.1M	$10.8M+12.5%	$9.6M
Capital Expenditures	$148.1M	$146.2M-8.8%	$160.4M	$151.6M+34.8%	$112.5M	$66.9M+33.0%	$50.3M-31.8%	$73.8M	$102.9M-14.8%	$120.8M+4.3%	$115.8M	$153.9M+35.1%	$114.0M+7.2%	$106.3M	$86.4M+12.6%	$76.7M
Free Cash Flow	$206.3M	$155.1M+43.6%	$108.0M	$66.8M+35.1%	$49.5M	$146.1M+408.0%	-$47.4M-132.7%	$145.0M	$188.4M+59.6%	$118.0M-41.2%	$200.6M	$93.8M-25.4%	$125.7M+27.6%	$98.5M	$108.9M-8.7%	$119.3M
Investing Cash Flow	-$149.3M	-$147.3M+8.6%	-$161.1M	-$153.5M-36.1%	-$112.8M	-$68.6M-34.8%	-$50.9M+86.0%	-$363.1M	-$130.4M+7.2%	-$140.4M+11.9%	-$159.5M	-$155.7M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$158.5M	-$22.8M+71.1%	-$78.8M	-$123.5M+0.1%	-$123.6M	-$108.8M-175.7%	$143.7M-18.4%	$176.0M	-$140.3M+4.0%	-$146.1M+0.6%	-$146.9M	-$106.2M	N/A	N/A	N/A	N/A
Dividends Paid	$55.3M	$52.2M-1.6%	$53.0M	$53.2M+25.9%	$42.3M	$337K-97.9%	$15.8M-74.0%	$60.7M	$56.3M+12.8%	$49.9M+17.7%	$42.4M	$36.0M+18.6%	$30.3M+11.6%	$27.2M	$12.8M	N/A
Share Buybacks	$41.8M	$153.9M+744.3%	$18.2M	$46.1M-27.0%	$63.1M	$5.8M+59.2%	$3.6M-92.9%	$51.0M	$109.3M-11.1%	$123.0M-16.0%	$146.5M	$109.4M-22.1%	$140.5M-23.5%	$183.7M	$101.4M-41.1%	$172.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	$92.2M+16.8%	$96.7M	$74.9M-6.2%	$90.6M+227.2%	$78.9M+18.2%	$79.9M+62.9%	$27.7M-24.1%	$66.7M+2.6%
Depreciation & Amortization	$29.1M+11.6%	$28.0M	$28.7M+13.3%	$27.4M+9.9%	$26.1M+5.4%	$25.3M+10.8%	$25.0M+7.0%	$24.8M+7.8%
Stock-Based Compensation	$8.8M+15.6%	$7.0M	N/A	$5.7M-16.9%	$7.6M-0.9%	$7.0M+6.0%	$6.8M+7.9%	$7.6M+29.6%
Capital Expenditures	$42.9M+0.3%	$43.4M	$25.2M-53.6%	$36.7M+25.7%	$42.8M+15.4%	$54.2M+45.5%	$29.2M+18.2%	$37.1M-2.2%
Free Cash Flow	$49.3M+36.5%	$53.3M	$49.8M+93.8%	$53.9M+3719.3%	$36.1M+21.8%	$25.7M+118.1%	-$1.5M-112.6%	$29.6M+9.5%
Investing Cash Flow	-$43.2M+0.3%	-$43.7M	-$25.3M+53.3%	-$37.1M-25.8%	-$43.4M-16.1%	-$54.2M-44.8%	-$29.4M-17.6%	-$37.4M+2.1%
Financing Cash Flow	-$88.8M-666.8%	-$33.6M	-$24.0M-68.6%	-$12.2M+31.2%	$15.7M+161.9%	-$14.2M+63.5%	-$17.7M+50.9%	-$25.3M+0.9%
Dividends Paid	$15.7M+25.6%	$14.2M	$12.8M-2.5%	$12.6M-9.2%	$12.5M-2.6%	$13.1M-0.1%	$13.9M+0.4%	$12.8M-2.7%
Share Buybacks	$11.0M-92.2%	$18.4M	$11.2M+915.8%	$1.2M-68.2%	$141.4M+1031.2%	$1.1M-92.4%	$3.9M-58.5%	$12.5M+1.0%

CAKE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CAKE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2410-K	FY2310-K	FY2110-K	FY2010-K	FY1910-K	FY1910-K	FY1810-K	FY1710-K	FY1510-K	FY1410-K	FY1310-K	FY1310-K	FY1210-K
Gross Margin	N/A	N/A	N/A	N/A	77.7%+0.8pp	76.9%-0.5pp	77.4%	77.1%+0.1pp	77.0%+0.2pp	76.9%	76.0%+0.8pp	75.2%-0.5pp	75.7%	75.1%+0.6pp	74.5%
Operating Margin	5.0%0.0pp	5.0%	3.2%+2.0pp	1.2%	2.8%+20.3pp	-17.5%-21.7pp	4.2%	5.1%-1.7pp	6.8%-2.1pp	8.8%	7.9%+0.6pp	7.3%-1.2pp	8.6%	7.7%+0.1pp	7.6%
Net Margin	3.9%-0.4pp	4.4%	2.9%+1.6pp	1.3%	2.5%+15.2pp	-12.8%-17.9pp	5.1%	4.3%-2.7pp	7.0%+0.8pp	6.1%	5.5%+0.4pp	5.1%-1.0pp	6.1%	5.4%0.0pp	5.5%
Return on Equity	33.9%-1.5pp	35.4%	31.8%+17.0pp	14.7%	21.8%+109.6pp	-87.8%-110.0pp	22.3%	17.3%-8.3pp	25.7%+2.5pp	23.1%	19.8%+1.6pp	18.2%-1.6pp	19.8%	17.0%-0.7pp	17.6%
Return on Assets	4.5%-0.6pp	5.2%	3.6%+2.0pp	1.6%	2.6%+11.8pp	-9.2%-13.7pp	4.5%	7.5%-4.3pp	11.8%+1.0pp	10.8%	9.4%+0.7pp	8.7%-1.6pp	10.3%	9.0%-0.4pp	9.4%
Current Ratio	0.59+0.1x	0.47	0.46-0.1x	0.53	0.64+0.1x	0.58+0.2x	0.40	0.47-0.1x	0.52-0.1x	0.59	0.64-0.1x	0.70-0.2x	0.85	0.91+0.1x	0.79
Debt-to-Equity	1.29+0.3x	1.02	1.48-0.1x	1.60	1.41+0.4x	0.97+0.5x	0.51	0.020.0x	0.02-1.1x	1.14	1.100.0x	1.09+0.2x	0.92	0.880.0x	0.88
Asset Turnover	1.150.0x	1.18	1.210.0x	1.19	1.05+0.3x	0.72-0.2x	0.87	1.77+0.1x	1.70-0.1x	1.76	1.700.0x	1.700.0x	1.69	1.66-0.1x	1.72
FCF Margin	4.1%+1.1pp	3.0%	1.9%+0.4pp	1.5%	5.0%+7.4pp	-2.4%-8.2pp	5.8%	8.1%+2.9pp	5.2%-3.6pp	8.8%	4.5%-1.9pp	6.4%+1.1pp	5.2%	6.0%-0.8pp	6.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q4'2410-Q	Q3'2410-Q	Q2'2410-Q
Operating Margin	7.6%+2.0pp	5.6%	3.5%-0.4pp	4.1%-2.4pp	5.6%+1.2pp	3.9%+1.6pp	6.5%+1.0pp	4.4%+0.5pp
Net Margin	6.6%+3.1pp	5.1%	2.9%-0.5pp	3.5%-2.3pp	3.5%-0.2pp	3.5%+1.3pp	5.8%+0.9pp	3.7%+0.5pp
Return on Equity	13.2%+3.5pp	10.8%	6.5%-1.1pp	7.5%-6.5pp	9.7%-0.3pp	7.6%+2.0pp	14.0%+0.9pp	10.0%+0.6pp
Return on Assets	2.1%+1.0pp	1.5%	0.9%-0.2pp	1.0%-0.8pp	1.1%-0.1pp	1.0%+0.4pp	1.8%+0.3pp	1.2%+0.1pp
Current Ratio	0.59+0.1x	0.59	0.59+0.1x	0.55+0.1x	0.53+0.1x	0.440.0x	0.430.0x	0.43-0.1x
Debt-to-Equity	1.08-0.8x	1.22	1.29+0.1x	1.32+0.1x	1.85+0.4x	1.19-0.3x	1.26-0.2x	1.42-0.1x
Asset Turnover	0.310.0x	0.30	0.290.0x	0.280.0x	0.300.0x	0.290.0x	0.310.0x	0.310.0x
FCF Margin	4.8%+0.9pp	5.5%	5.2%+2.2pp	5.9%+6.1pp	3.9%+0.6pp	3.0%+1.6pp	-0.2%-1.5pp	3.3%+0.2pp

Not reported in any period shown, so not listed: Gross Margin.

Note: The current ratio is below 1.0 (0.59), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cheesecake Factory (The) CAKE	FY2025	$3.8B	$148.0M	3.9%	$5.4B	41/100
Shake Shack Inc. SHAK	FY2025	$1.4B	$49.7M	3.4%	$2.7B	53/100
Brinker International, Inc. EAT	FY2026	$5.8B	$487.0M	8.4%	$8.1B	58/100
CAVA Group, Inc. CAVA	FY2025	$1.2B	$63.7M	5.4%	$6.3B	52/100
Wingstop Inc WING	FY2025	$696.9M	$174.3M	25.0%	$3.3B	75/100
The Wendy's Company WEN	FY2025	$2.2B	$165.1M	7.6%	$1.2B	53/100

Where Cheesecake Factory (The) Ranks

Frequently Asked Questions

What is Cheesecake Factory (The)'s annual revenue?

Cheesecake Factory (The) (CAKE) reported $3.8B in total revenue for fiscal year 2025. This represents a 4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cheesecake Factory (The)'s revenue growing?

Cheesecake Factory (The) (CAKE) revenue grew by 4.7% year-over-year, from $3.6B to $3.8B in fiscal year 2025.

Is Cheesecake Factory (The) profitable?

Yes, Cheesecake Factory (The) (CAKE) reported a net income of $148.0M in fiscal year 2025, with a net profit margin of 3.9%.

What is Cheesecake Factory (The)'s EBITDA?

Cheesecake Factory (The) (CAKE) had EBITDA of $296.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cheesecake Factory (The) have?

As of fiscal year 2025, Cheesecake Factory (The) (CAKE) had $215.7M in cash and equivalents against $561.3M in long-term debt.

What is Cheesecake Factory (The)'s operating margin?

Cheesecake Factory (The) (CAKE) had an operating margin of 5.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Cheesecake Factory (The)'s net profit margin?

Cheesecake Factory (The) (CAKE) had a net profit margin of 3.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cheesecake Factory (The) pay dividends?

Yes, Cheesecake Factory (The) (CAKE) paid $1.08 per share in dividends during fiscal year 2025.

What is Cheesecake Factory (The)'s return on equity (ROE)?

Cheesecake Factory (The) (CAKE) has a return on equity of 33.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cheesecake Factory (The)'s free cash flow?

Cheesecake Factory (The) (CAKE) generated $155.1M in free cash flow during fiscal year 2025. This represents a 43.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cheesecake Factory (The)'s operating cash flow?

Cheesecake Factory (The) (CAKE) generated $301.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cheesecake Factory (The)'s total assets?

Cheesecake Factory (The) (CAKE) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cheesecake Factory (The)'s capital expenditures?

Cheesecake Factory (The) (CAKE) invested $146.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Cheesecake Factory (The) buy back shares?

Yes, Cheesecake Factory (The) (CAKE) spent $153.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cheesecake Factory (The) have outstanding?

Cheesecake Factory (The) (CAKE) had 50M shares outstanding as of fiscal year 2025.

What is Cheesecake Factory (The)'s current ratio?

Cheesecake Factory (The) (CAKE) had a current ratio of 0.59 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Cheesecake Factory (The)'s debt-to-equity ratio?

Cheesecake Factory (The) (CAKE) had a debt-to-equity ratio of 1.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cheesecake Factory (The)'s return on assets (ROA)?

Cheesecake Factory (The) (CAKE) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cheesecake Factory (The)'s P/E ratio?

Cheesecake Factory (The) (CAKE) trades at 30.4x earnings, its market capitalization divided by net income of $178.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cheesecake Factory (The)'s price-to-sales ratio?

Cheesecake Factory (The) (CAKE) trades at 1.4x sales, its market capitalization divided by revenue of $3.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.4B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cheesecake Factory (The)'s Altman Z-Score?

Cheesecake Factory (The) (CAKE) has an Altman Z-Score of 2.98, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Cheesecake Factory (The)'s Piotroski F-Score?

Cheesecake Factory (The) (CAKE) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cheesecake Factory (The)'s earnings high quality?

Cheesecake Factory (The) (CAKE) has an earnings quality ratio of 2.04x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cheesecake Factory (The) cover its interest payments?

Cheesecake Factory (The) (CAKE) has an interest coverage ratio of 17.93x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Cheesecake Factory (The)?

Cheesecake Factory (The) (CAKE) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.