Cava Group, Inc. Financials
This page shows Cava Group, Inc. (CAVA) financial statements, including the 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).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 31/100, 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 79/100.
Cava Group, Inc. carries a low D/E ratio of 0.74, meaning only $0.74 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.
Cava Group, Inc.'s current ratio of 2.65 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
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 29/100, 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 34/100. This is down from 18.7% the prior year.
Cava Group, Inc. scores 11.95, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.6B) relative to total liabilities ($580.4M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cava Group, Inc. passes 4 of 9 financial strength tests. 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 $1.2B in revenue in fiscal year 2025. This represents an increase of 22.4% from the prior year.
Cava Group, Inc.'s EBITDA was $128.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.6% from the prior year.
Cava Group, Inc. reported $63.7M in net income in fiscal year 2025. This represents a decrease of 51.1% from the prior year.
Cava Group, Inc. earned $0.54 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 50.9% from the prior year.
Cash & Balance Sheet
Cava Group, Inc. generated $26.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 50.6% from the prior year.
Cava Group, Inc. held $282.9M in cash against $0 in long-term debt as of fiscal year 2025.
Cava Group, Inc. had 116M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Margins & Returns
Cava Group, Inc.'s gross margin was 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the prior year.
Cava Group, Inc.'s operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.
Cava Group, Inc.'s net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.1 percentage points from the prior year.
Cava Group, Inc.'s ROE was 8.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the prior year.
Capital Allocation
Cava Group, Inc. invested $158.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 46.8% from the prior year.
CAVA Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $292.2M+4.1% | $280.6M-15.4% | $331.8M+36.1% | $243.8M+4.4% | $233.5M-9.8% | $259.0M+47.5% | $175.6M+1.5% | $172.9M |
| Cost of Revenue | $219.9M+6.8% | $205.9M-16.9% | $247.8M+36.8% | $181.2M+5.9% | $171.1M-11.6% | $193.6M+47.7% | $131.1M+2.8% | $127.5M |
| Gross Profit | $72.4M-3.1% | $74.7M-11.2% | $84.1M+34.2% | $62.6M+0.5% | $62.4M-4.6% | $65.4M+46.9% | $44.5M-2.1% | $45.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $31.5M-1.7% | $32.1M-22.6% | $41.4M+38.8% | $29.8M+5.5% | $28.3M-16.4% | $33.8M+38.3% | $24.5M+4.9% | $23.3M |
| Operating Income | $17.1M-12.8% | $19.6M+25.0% | $15.7M+14.1% | $13.8M-14.7% | $16.1M+74.5% | $9.3M+231.1% | $2.8M-51.5% | $5.8M |
| Interest Expense | N/A | N/A | N/A | N/A | $3.8M-22.2% | $4.9M+24.2% | $4.0M+466.0% | $699K |
| Income Tax | $5.9M+11.0% | $5.3M+199.6% | -$5.4M-9291.2% | -$57K-119.9% | $287K+13.9% | $252K+563.2% | $38K-5.0% | $40K |
| Net Income | $14.7M-19.7% | $18.4M-28.5% | $25.7M+43.1% | $18.0M-9.0% | $19.7M+41.1% | $14.0M+104.8% | $6.8M+4.5% | $6.5M |
| EPS (Diluted) | $0.12-25.0% | $0.16-27.3% | $0.22+46.7% | $0.15-11.8% | $0.17+41.7% | $0.12+100.0% | $0.06-71.4% | $0.21 |
CAVA Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+2.3% | $1.3B+5.2% | $1.2B+13.8% | $1.1B+3.9% | $1.0B+3.3% | $1.0B+2.0% | $985.0M+1.5% | $970.4M |
| Current Assets | $425.1M+1.6% | $418.5M+3.8% | $403.0M+2.5% | $393.3M+6.4% | $369.8M+5.0% | $352.0M-3.2% | $363.6M-2.9% | $374.6M |
| Cash & Equivalents | $284.6M-1.9% | $290.2M+0.3% | $289.4M-21.2% | $367.2M+6.8% | $343.7M+4.4% | $329.1M-3.3% | $340.4M-3.5% | $352.8M |
| Inventory | $8.6M+7.3% | $8.0M+9.8% | $7.3M-0.7% | $7.3M+1.9% | $7.2M+14.1% | $6.3M+10.1% | $5.7M+6.9% | $5.4M |
| Accounts Receivable | $7.6M-0.1% | $7.6M+5.1% | $7.3M+12.1% | $6.5M+9.4% | $5.9M+7.5% | $5.5M+6.1% | $5.2M+20.0% | $4.3M |
| 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 | $553.0M+2.2% | $540.9M+7.7% | $502.2M+8.4% | $463.1M+4.5% | $443.1M+4.4% | $424.3M+1.2% | $419.3M+1.1% | $414.6M |
| Current Liabilities | $158.3M+3.0% | $153.7M+14.5% | $134.3M-0.1% | $134.4M+8.8% | $123.6M+11.0% | $111.3M-1.4% | $112.9M-1.5% | $114.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $769.0M+2.4% | $750.7M+3.4% | $726.2M+17.8% | $616.4M+3.5% | $595.4M+2.5% | $580.8M+2.7% | $565.7M+1.8% | $555.8M |
| Retained Earnings | -$258.5M+5.4% | -$273.3M+6.3% | -$291.6M+26.3% | -$396.0M+4.3% | -$413.9M+4.6% | -$433.7M+3.6% | -$449.7M+1.5% | -$456.5M |
CAVA Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $45.6M-24.3% | $60.3M+56.4% | $38.6M-12.1% | $43.9M-10.3% | $48.9M+27.4% | $38.4M+47.8% | $26.0M+21.2% | $21.4M |
| Capital Expenditures | $44.3M+7.7% | $41.1M+14.6% | $35.9M+74.9% | $20.5M-21.7% | $26.2M-22.2% | $33.7M-4.0% | $35.1M+5.1% | $33.4M |
| Free Cash Flow | $1.4M-92.9% | $19.2M+610.5% | $2.7M-88.4% | $23.4M+2.9% | $22.7M+383.4% | $4.7M+151.6% | -$9.1M+23.8% | -$11.9M |
| Investing Cash Flow | -$51.4M+16.6% | -$61.6M+46.8% | -$115.8M-464.9% | -$20.5M+21.7% | -$26.2M+22.2% | -$33.7M+4.0% | -$35.1M-5.1% | -$33.4M |
| Financing Cash Flow | $145K-93.1% | $2.1M+326.8% | $489K+1122.5% | $40K+100.5% | -$8.1M-0.9% | -$8.0M-140.0% | -$3.3M-101.0% | $342.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $105K | N/A |
CAVA Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8%-1.9pp | 26.6%+1.3pp | 25.3%-0.4pp | 25.7%-1.0pp | 26.7%+1.5pp | 25.2%-0.1pp | 25.3%-0.9pp | 26.3% |
| Operating Margin | 5.9%-1.1pp | 7.0%+2.3pp | 4.7%-0.9pp | 5.7%-1.3pp | 6.9%+3.3pp | 3.6%+2.0pp | 1.6%-1.7pp | 3.3% |
| Net Margin | 5.1%-1.5pp | 6.6%-1.2pp | 7.8%+0.4pp | 7.4%-1.1pp | 8.5%+3.1pp | 5.4%+1.5pp | 3.9%+0.1pp | 3.8% |
| Return on Equity | 1.9%-0.5pp | 2.5%-1.1pp | 3.5%+0.6pp | 2.9%-0.4pp | 3.3%+0.9pp | 2.4%+1.2pp | 1.2%+0.0pp | 1.2% |
| Return on Assets | 1.1%-0.3pp | 1.4%-0.7pp | 2.1%+0.4pp | 1.7%-0.2pp | 1.9%+0.5pp | 1.4%+0.7pp | 0.7%+0.0pp | 0.7% |
| Current Ratio | 2.69-0.0 | 2.72-0.3 | 3.00+0.1 | 2.93-0.1 | 2.99-0.2 | 3.16-0.1 | 3.22-0.0 | 3.27 |
| Debt-to-Equity | 0.720.0 | 0.72+0.0 | 0.69-0.1 | 0.750.0 | 0.74+0.0 | 0.73-0.0 | 0.740.0 | 0.75 |
| FCF Margin | 0.5%-6.4pp | 6.8%+6.0pp | 0.8%-8.8pp | 9.6%-0.1pp | 9.7%+7.9pp | 1.8%+7.0pp | -5.2%+1.7pp | -6.9% |
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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 Altman Z-Score?
Cava Group, Inc. (CAVA) has an Altman Z-Score of 11.95, 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 9, indicating neutral financial health. 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 Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.