CAVA Group, Inc. (CAVA) Financials
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 Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CAVA SEC filings page.
CAVA Group, Inc. (CAVA) reported $1.2B in revenue for fiscal year 2025, up 22.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
Rapid expansion is improving restaurant economics, but heavy reinvestment keeps cash conversion below accounting profit.
From FY2023 to FY2025, gross margin held near25% while operating margin widened from0.7% to4.7% ; that combination points to fixed operating costs being absorbed as the system scales, rather than sales growth alone. In FY2025, operating cash flow of$184.8M exceeded net income of$63.7M , but free cash flow was only$26.1M , showing that earnings are converting to cash while expansion absorbs much of it.
The margin step-up is not primarily a gross-margin story: gross margin stayed broadly stable while operating margin improved, indicating overhead is becoming more efficient relative to sales. This is a cost-structure benefit, not enough evidence by itself to call the improvement pricing power.
The current ratio declined from 3.0x to 2.7x between FY2024 and FY2025 as current liabilities grew faster than current assets, leaving less short-term balance-sheet cushion. Capital expenditures of
Financial Health Signals
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 CAVA Group, Inc.'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.
CAVA Group, Inc. has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 37/100, indicating healthy but not exceptional operating efficiency. This is up from 4.5% the prior year.
CAVA Group, Inc.'s revenue surged 22.4% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 88/100.
CAVA Group, Inc. has a moderate D/E ratio of 0.74. This balance of debt and equity financing earns a leverage score of 53/100.
With a current ratio of 2.65, CAVA Group, Inc. holds $2.65 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
While CAVA Group, Inc. generated $184.8M in operating cash flow, capex of $158.7M consumed most of it, leaving $26.1M in free cash flow. This results in a low score of 31/100, reflecting heavy capital investment rather than weak cash generation.
CAVA Group, Inc.'s ROE of 8.2% shows moderate profitability relative to equity, earning a score of 32/100. This is down from 18.7% the prior year.
CAVA Group, Inc. scores 7.73, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.5B) relative to total liabilities ($580.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
CAVA Group, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, CAVA Group, Inc. generates $2.90 in operating cash flow ($184.8M OCF vs $63.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
CAVA Group, Inc. generated $368.4M in revenue in Q3 2026. This represents an increase of 31.3% from the same quarter a year earlier. Against the prior quarter it is down 15.9%.
CAVA Group, Inc.'s EBITDA was $47.8M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.1% from the same quarter a year earlier. Against the prior quarter it is down 5.7%.
CAVA Group, Inc. reported $23.0M in net income in Q3 2026. This represents an increase of 25.3% from the same quarter a year earlier. Against the prior quarter it is down 2.3%.
CAVA Group, Inc. earned $0.19 per diluted share (EPS) in Q3 2026. This represents an increase of 18.8% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.
Cash & Balance Sheet
CAVA Group, Inc. generated $29.3M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 52.6% from the same quarter a year earlier. Against the prior quarter it is up 89.2%.
CAVA Group, Inc. held $322.8M in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Margins & Returns
CAVA Group, Inc.'s gross margin was 25.9% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
CAVA Group, Inc.'s operating margin was 7.3% in Q3 2026, reflecting core business profitability. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.
CAVA Group, Inc.'s net profit margin was 6.3% in Q3 2026, showing the share of revenue converted to profit. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
CAVA Group, Inc.'s ROE was 2.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Capital Allocation
CAVA Group, Inc. invested $41.2M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 0.1% from the same quarter a year earlier. Against the prior quarter it is down 15.3%.
Not reported for Q3 2026.
Not reported for Q3 2026.
CAVA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $368.4M+31.3% | $438.3M+32.1% | $292.2M+19.9% | $280.6M+20.2% | $331.8M+28.1% | $243.8M+38.9% | $233.5M+35.1% | $259.0M+27.5% |
| Cost of Revenue | $272.9M+32.5% | $327.1M+32.0% | $219.9M+21.4% | $205.9M+20.3% | $247.8M+28.0% | $181.2M+38.2% | $171.1M+34.3% | $193.6M+27.0% |
| Gross Profit | $95.6M+28.0% | $111.2M+32.3% | $72.4M+15.5% | $74.7M+19.8% | $84.1M+28.6% | $62.6M+40.8% | $62.4M+37.3% | $65.4M+29.3% |
| SG&A Expenses | $39.8M+24.2% | $51.6M+24.6% | $31.5M+5.6% | $32.1M+13.3% | $41.4M+22.3% | $29.8M+21.9% | $28.3M+21.3% | $33.8M+16.6% |
| Operating Income | $26.8M+36.7% | $25.3M+60.8% | $17.1M+24.4% | $19.6M+21.7% | $15.7M+69.8% | $13.8M+392.6% | $16.1M+180.2% | $9.3M+510.9% |
| EBITDA | $47.8M+31.1% | $50.7M+38.9% | $34.7M+23.7% | $36.5M+22.0% | $36.5M+37.4% | $28.1M+96.1% | $29.9M+81.4% | $26.6M+150.5% |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $3.8M+447.1% | $4.9M+19756.0% |
| Income Tax | $7.6M+41.8% | $6.5M+220.9% | $5.9M+10484.2% | $5.3M+1757.8% | -$5.4M-2224.2% | -$57K-250.0% | $287K+617.5% | $252K+563.2% |
| Net Income | $23.0M+25.3% | $23.6M-8.3% | $14.7M-17.9% | $18.4M-7.0% | $25.7M+83.7% | $18.0M+162.9% | $19.7M+201.9% | $14.0M+753.6% |
| EPS (Basic) | $0.20+25.0% | $0.20-9.1% | $0.13-18.8% | $0.16-5.9% | $0.22+83.3% | $0.16+166.7% | $0.17-26.1% | $0.12+109.2% |
| EPS (Diluted) | $0.19+18.8% | $0.20-9.1% | $0.12-20.0% | $0.16-5.9% | $0.22+83.3% | $0.15+150.0% | $0.17 | $0.12 |
| Diluted Shares (Avg) | 118M0.0% | 118M-0.1% | 118M-0.1% | 118M0.0% | 118M+0.4% | 118M+0.6% | 118M | 118M |
Not reported in any period shown, so not listed: R&D Expenses.
CAVA Balance Sheet
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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B+16.1% | $1.4B+15.8% | $1.3B+22.5% | $1.3B+24.4% | $1.2B+22.2% | $1.1B+9.6% | $1.0B+7.0% | $1.0B |
| Current Assets | $479.9M+14.7% | $444.7M+10.3% | $425.1M+8.1% | $418.5M+13.2% | $403.0M+14.5% | $393.3M+8.1% | $369.8M-1.3% | $352.0M |
| Cash & Equivalents | $322.8M+11.2% | $295.8M+2.2% | $284.6M-22.5% | $290.2M-15.6% | $289.4M-12.1% | $367.2M+7.9% | $343.7M-2.6% | $329.1M+1348.8% |
| Short-Term Investments | $112.8M+18.0% | $107.2M+34.1% | $103.1M | $95.6M | $79.9M | $0 | $0 | $0 |
| Inventory | $9.8M+22.6% | $9.3M+27.2% | $8.6M+17.0% | $8.0M+11.1% | $7.3M+15.5% | $7.3M+28.1% | $7.2M+34.3% | $6.3M |
| Accounts Receivable | $10.1M+32.7% | $10.8M+48.0% | $7.6M+17.7% | $7.6M+28.9% | $7.3M+31.9% | $6.5M+24.9% | $5.9M+37.0% | $5.5M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M |
| Total Liabilities | $658.5M+21.7% | $613.0M+22.1% | $553.0M+19.4% | $540.9M+22.1% | $502.2M+18.4% | $463.1M+10.5% | $443.1M+6.9% | $424.3M |
| Current Liabilities | $193.2M+25.7% | $167.5M+24.8% | $158.3M+17.7% | $153.7M+24.4% | $134.3M+20.6% | $134.4M+19.0% | $123.6M+7.8% | $111.3M |
| Non-Current Liabilities | $465.3M+20.2% | $445.4M+21.1% | $394.7M+20.1% | $387.2M+21.2% | $367.9M+17.6% | $328.7M+7.3% | $319.5M+6.5% | $313.0M |
| Total Equity | $841.3M+12.1% | $810.0M+11.5% | $769.0M+24.8% | $750.7M+26.1% | $726.2M+25.0% | $616.4M+9.0% | $595.4M+7.1% | $580.8M+228.8% |
| Retained Earnings | -$207.0M+24.2% | -$230.0M+21.1% | -$258.5M+34.7% | -$273.3M+34.0% | -$291.6M+32.8% | -$396.0M+12.0% | -$413.9M+9.3% | -$433.7M |
Not reported in any period shown, so not listed: Long-Term Debt.
CAVA Cash Flow 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $70.5M+16.8% | $64.1M+66.1% | $45.6M+4.0% | $60.3M+23.3% | $38.6M+0.5% | $43.9M+68.9% | $48.9M+128.2% | $38.4M+49.5% |
| Depreciation & Amortization | $21.0M+24.7% | $25.5M+22.4% | $17.6M+23.1% | $16.8M+22.4% | $20.8M+20.1% | $14.3M+24.3% | $13.7M+28.2% | $17.3M+34.7% |
| Stock-Based Compensation | $5.7M+23.9% | $6.7M+48.8% | $3.3M-5.7% | $4.6M+27.8% | $4.5M+12.2% | $3.5M+9.4% | $3.6M+100.0% | $4.0M+330.5% |
| Capital Expenditures | $41.2M+0.1% | $48.6M+35.4% | $44.3M+115.9% | $41.1M+57.0% | $35.9M+6.5% | $20.5M-41.6% | $26.2M-21.5% | $33.7M-13.8% |
| Free Cash Flow | $29.3M+52.6% | $15.5M+473.1% | $1.4M-94.1% | $19.2M-15.5% | $2.7M-42.5% | $23.4M+356.6% | $22.7M+290.1% | $4.7M+135.0% |
| Investing Cash Flow | -$46.9M+23.8% | -$50.6M+56.3% | -$51.4M-150.6% | -$61.6M-135.1% | -$115.8M-243.9% | -$20.5M+41.6% | -$26.2M+21.5% | -$33.7M+13.8% |
| Financing Cash Flow | $3.5M+66.8% | -$608K-224.3% | $145K+262.5% | $2.1M+125.8% | $489K+106.1% | $40K+101.2% | -$8.1M-102.4% | -$8.0M-167.8% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CAVA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q4'2410-Q | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.9%-0.7pp | 25.4%0.0pp | 24.8%-0.9pp | 26.6%-0.1pp | 25.3%+0.1pp | 25.7%+0.4pp | 26.7%+0.4pp | 25.2%+0.3pp |
| Operating Margin | 7.3%+0.3pp | 5.8%+1.0pp | 5.9%+0.2pp | 7.0%+0.1pp | 4.7%+1.2pp | 5.7%+4.1pp | 6.9%+3.6pp | 3.6%+4.7pp |
| Net Margin | 6.3%-0.3pp | 5.4%-2.4pp | 5.1%-2.3pp | 6.6%-1.9pp | 7.8%+2.4pp | 7.4%+3.5pp | 8.5%+4.7pp | 5.4%+6.5pp |
| Return on Equity | 2.7%+0.3pp | 2.9%-0.6pp | 1.9%-1.0pp | 2.5%-0.9pp | 3.5%+1.1pp | 2.9%+1.7pp | 3.3%+2.1pp | 2.4% |
| Return on Assets | 1.5%+0.1pp | 1.7%-0.4pp | 1.1%-0.5pp | 1.4%-0.5pp | 2.1%+0.7pp | 1.7%+1.0pp | 1.9%+1.2pp | 1.4% |
| Current Ratio | 2.48-0.2x | 2.65-0.3x | 2.69-0.2x | 2.72-0.3x | 3.00-0.2x | 2.93-0.3x | 2.99-0.3x | 3.16 |
| Debt-to-Equity | 0.78+0.1x | 0.76+0.1x | 0.720.0x | 0.720.0x | 0.690.0x | 0.750.0x | 0.740.0x | 0.73 |
| Asset Turnover | 0.250.0x | 0.310.0x | 0.220.0x | 0.220.0x | 0.270.0x | 0.230.0x | 0.220.0x | 0.26 |
| FCF Margin | 8.0%+1.1pp | 3.5%+2.7pp | 0.5%-9.1pp | 6.8%-2.9pp | 0.8%-1.0pp | 9.6%+14.8pp | 9.7%+16.6pp | 1.8%+8.4pp |
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 |
|---|---|---|---|---|---|---|
| CAVA Group, Inc. CAVA | FY2025 | $1.2B | $63.7M | 5.4% | $6.5B | 52/100 |
| Wingstop Inc WING | FY2025 | $696.9M | $174.3M | 25.0% | $3.2B | 75/100 |
| Brinker International, Inc. EAT | FY2026 | $5.8B | $487.0M | 8.4% | $8.9B | 58/100 |
| Shake Shack Inc. SHAK | FY2025 | $1.4B | $49.7M | 3.4% | $2.6B | 53/100 |
| Cheesecake Factory (The) CAKE | FY2025 | $3.8B | $148.0M | 3.9% | $5.1B | 41/100 |
| Texas Roadhouse, Inc. TXRH | FY2025 | $5.9B | $405.6M | 6.9% | $11.9B | 63/100 |
Where CAVA Group, Inc. Ranks
Frequently Asked Questions
What is CAVA Group, Inc.'s annual revenue?
CAVA Group, Inc. (CAVA) reported $1.2B in total revenue for fiscal year 2025. This represents a 22.4% 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 CAVA Group, Inc.'s revenue growing?
CAVA Group, Inc. (CAVA) revenue grew by 22.4% year-over-year, from $963.7M to $1.2B in fiscal year 2025.
Is CAVA Group, Inc. profitable?
Yes, CAVA Group, Inc. (CAVA) reported a net income of $63.7M in fiscal year 2025, with a net profit margin of 5.4%.
What is CAVA Group, Inc.'s EBITDA?
CAVA Group, Inc. (CAVA) had EBITDA of $128.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is CAVA Group, Inc.'s gross margin?
CAVA Group, Inc. (CAVA) had a gross margin of 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is CAVA Group, Inc.'s operating margin?
CAVA Group, Inc. (CAVA) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is CAVA Group, Inc.'s net profit margin?
CAVA Group, Inc. (CAVA) had a net profit margin of 5.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is CAVA Group, Inc.'s return on equity (ROE)?
CAVA Group, Inc. (CAVA) has a return on equity of 8.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is CAVA Group, Inc.'s free cash flow?
CAVA Group, Inc. (CAVA) generated $26.1M in free cash flow during fiscal year 2025. This represents a -50.6% 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 CAVA Group, Inc.'s operating cash flow?
CAVA Group, Inc. (CAVA) generated $184.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are CAVA Group, Inc.'s total assets?
CAVA Group, Inc. (CAVA) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are CAVA Group, Inc.'s capital expenditures?
CAVA Group, Inc. (CAVA) invested $158.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is CAVA Group, Inc.'s current ratio?
CAVA Group, Inc. (CAVA) had a current ratio of 2.65 as of fiscal year 2025, which is generally considered healthy.
What is CAVA Group, Inc.'s debt-to-equity ratio?
CAVA Group, Inc. (CAVA) had a debt-to-equity ratio of 0.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CAVA Group, Inc.'s return on assets (ROA)?
CAVA Group, Inc. (CAVA) had a return on assets of 4.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is CAVA Group, Inc.'s P/E ratio?
CAVA Group, Inc. (CAVA) trades at 102x earnings, its market capitalization divided by net income of $63.7M net income, FY2025. The market capitalization is $6.5B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CAVA Group, Inc.'s price-to-sales ratio?
CAVA Group, Inc. (CAVA) trades at 5.5x sales, its market capitalization divided by revenue of $1.2B revenue, FY2025. The market capitalization is $6.5B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is CAVA Group, Inc.'s Altman Z-Score?
CAVA Group, Inc. (CAVA) has an Altman Z-Score of 7.73, placing it in the Safe Zone (low bankruptcy 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 CAVA Group, Inc.'s Piotroski F-Score?
CAVA Group, Inc. (CAVA) has a Piotroski F-Score of 4 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 CAVA Group, Inc.'s earnings high quality?
CAVA Group, Inc. (CAVA) has an earnings quality ratio of 2.90x, 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.
How financially healthy is CAVA Group, Inc.?
CAVA Group, Inc. (CAVA) scores 52 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.