The Cheesecake Factory Incorporated

CAKE Consumer Cyclical Restaurants

The Cheesecake Factory Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 4.75% from fiscal 2024.

Revenue
+13.9%
EPS
+92.7%
Free cash flow
+24.5%
Total debt
−10.4%

Quarter to September 2026, against a year earlier

110.96 4.43 −3.84%
Market cap
$5.5B
P/E
24.9×
Fwd P/E
24.0×
Dividend yield
1.05%
F-score
6/9
Altman Z
2.33
Beneish M
−2.77
Dividend safety
82/100

The Cheesecake Factory Incorporated (CAKE) Operating margin

Alert me on Operating margin

The Cheesecake Factory Incorporated's operating margin over the twelve months to 30 September 2026 was 6.04%, up 1.0 percentage points from fiscal 2025 (4.99%). Over the past ten years it has ranged from −17.5% (fiscal 2020) to 8.83% (fiscal 2016); the current reading is higher than 64% of that period. That is above the Restaurants industry median of 4.59% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 4.99% 0.01
FY2024 4.98% 1.82
FY2023 3.16% 1.98
FY2022 1.18% (1.63)
FY2021 2.81% 20.33
FY2020 −17.5% (21.69)
FY2019 4.17% (0.93)
FY2018 5.10% (1.66)
FY2017 6.76% (2.07)
FY2016 8.83% 0.96

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.25% (0.38)
Jun 2026 7.63% 2.01
Mar 2026 5.62% 2.16
Dec 2025 3.46% (0.65)
43 more quarters

Against its own ten years

Low −17.5% High 8.83%
Ten-year median 4.98%
Current reading's percentile 79

Operating margin against peers

Company Operating margin
JMKE Jersey Mike�s Subs Inc. compare 38.3%
WING Wingstop Inc. compare 27.7%
DPZ Domino's Pizza Inc compare 19.7%
EAT Brinker International, Inc. compare 11.0%
BROS Dutch Bros Inc. compare 9.53%
TXRH Texas Roadhouse, Inc. compare 7.75%
CAKE The Cheesecake Factory Incorporated 6.04%
CAVA CAVA Group, Inc. compare 4.86%
SHAK Shake Shack, Inc. compare 3.63%
Restaurants industry median 4.59%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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