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Monday 12 October 2026 Export all CAKE data to Excel Powerpack

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. In the quarter to June 2026, revenue grew 7.72%, EPS grew 24.6%, free cash flow grew 220.4% and total debt fell 10.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.

109.00 0.55 +0.51%
Market cap
$5.4B
P/E
28.5×
Fwd P/E
16.3×
Dividend yield
1.07%
F-score
6/9
Altman Z
2.33
Beneish M
−2.77
Dividend safety
82/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 30.15
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — 4 1 — 1 1 4 5 — —
Insider Ownership 1.60%

Capital & Financial Ratios $m

Market Cap 5,400.00
Revenue 3,877.25
Net Income 178.62
Free Cash Flow 205.20
Net Debt 367.73
Current Ratio 0.59 (below 1: weak)
Debt/Equity 1.08
P/E ratio 28.46
Fwd P/E 16.30
P/S ratio 1.31
P/B ratio 9.79 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 20.61% (at or above 15%: strong)
Next Y EPS Growth 10.69%
Next Y revenue growth 7.20%
Next 5Y EPS Growth 14.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 0.9×; over the ten years it ranged from 0.5× in 2020 to 1.5× in 2021.
P/E against its own 10 years 85.92%
10-year low 10-year high
P/S against its own 10 years 96.86%
10-year low 10-year high
P/B against its own 10 years 99.45%
10-year low 10-year high
EV/Sales against its own 10 years 98.38%
10-year low 10-year high
EV/FCF against its own 10 years 69.00%
10-year low 10-year high

Dividends

Payout Ratio 0.32
Annual Dividend Rate 1.17
Annual Dividend Yield 1.07%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.22
0.30
0.30
0.30
2025 1.08
0.27
0.27
0.27
0.27
2024 1.08
0.27
0.27
0.27
0.27
2023 1.08
0.27
0.27
0.27
0.27
2022 0.81
0.27
0.27
0.27
2021 Powerpack
2020 0.36
0.36
2019 1.38
0.33
0.33
0.36
0.36
2018 1.24
0.29
0.29
0.33
0.33
2017 1.06
0.24
0.24
0.29
0.29
2016 0.88
0.20
0.20
0.24
0.24
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 56 84 216 195
Receivables 124 130 130 114
Inventory 58 65 54 51
Other — — — —
301 333 455 419
2023 2024 2025 Q'26
Payables 63 62 63 71
ST’ Debt — — 69 —
Other 223 227 213 183
661 711 777 714

Compound Annual Growth %

10y 5y 3y
Sales 5.97% 13.60% 4.34%
Cash Flow 1.98% 152.97% 22.99%
Earnings 2.45% 0.00% 50.99%
Book Value (2.95%) 8.62% 14.33%

Revenue $m

Mar Jun Sep Dec Year
’26 979 1,030 — — —
’25 927 956 907 962 3,752
’24 891 904 865 921 3,582
’23 866 866 830 877 3,440
’22 794 833 784 893 3,303
’21 627 769 754 777 2,928
’20 615 296 518 555 1,983
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 97 92 — — —
’25 79 57 91 75 301
’24 67 28 80 94 268
’23 65 36 49 68 218
’22 34 54 11 63 162
’21 22 109 (11) 94 213
’20 (33) (3) 3 36 3
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 53 49 — — —
’25 36 15 54 50 154
’24 29 (2) 26 54 107
’23 27 12 12 15 65
’22 4 37 (20) 28 49
’21 14 85 (30) 76 145
’20 (49) (16) (6) 23 (48)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.02 1.41 — — —
’25 0.67 1.14 0.66 0.60 3.06
’24 0.68 1.08 0.61 0.83 3.20
’23 0.56 0.87 0.37 0.26 2.07
’22 0.45 0.50 (0.05) (0.07) 0.86
’21 (0.03) 0.37 0.64 0.04 1.01
’20 (3.11) (1.61) (0.76) (0.85) (6.32)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 44.16 38.34 41.63 35.83 14.52 34.64 26.05 28.58 31.24 42.69

Analyst estimates 2026–2028

Powerpack
High 64.41 67.14 60.19 51.15 43.00 65.81 44.65 41.28 52.10 69.70
People
People Employees 38,800 39,100 38,700 46,250 41,000 45,800 47,500 47,900 47,900 48,400
Revenue/emp, $m 0.06 0.06 0.06 0.05 0.05 0.06 0.07 0.07 0.07 0.08
Income, $m
Income, $m Revenue 2,276 2,261 2,332 2,483 1,983 2,928 3,303 3,440 3,582 3,752
Gross margin, % 19.72 18.17 17.09 15.69 6.57 13.99 12.07 14.12 15.41 16.31
EBT 192 146 107 140 (356) 72 33 100 171 163
EBT margin, % 8.43 6.48 4.61 5.65 (17.95) 2.45 1.00 2.91 4.78 4.34
Net income 139 157 99 127 (253) 72 43 101 157 148
Depreciation 88 93 96 88 91 90 92 93 101 109
Per share, $
Per share, $ Revenue 47.43 48.17 51.53 56.49 45.21 61.59 66.31 71.18 74.95 80.19
Earnings 2.91 3.35 2.19 2.90 (6.32) 1.03 0.87 2.10 3.28 3.17
Cash flow 6.59 5.09 6.44 4.98 0.07 4.48 3.25 4.52 5.61 6.44
Capex (2.45) (2.61) (2.34) (1.73) (1.16) (1.42) (2.27) (3.17) (3.38) (3.15)
Free cash flow 4.15 2.48 4.10 3.25 (1.09) 3.06 0.98 1.35 2.24 3.29
Book value 12.57 13.07 12.62 13.01 6.58 6.95 5.86 6.58 9.28 9.33
Shares, m 48 47 45 44 44 48 50 48 48 47
Valuation, ×
Valuation, × P/E 20.49 14.63 19.96 13.45 0.00 37.64 38.06 16.36 14.42 15.92
P/S 1.25 1.02 0.84 0.69 0.82 0.64 0.49 0.48 0.63 0.63
P/B 4.73 3.77 3.45 2.99 5.63 5.64 5.52 5.22 5.11 5.41
EV/Sales 1.24 1.03 0.84 0.83 0.95 0.78 0.64 0.64 0.78 0.74
EV/FCF 14.19 19.92 10.53 14.47 (39.26) 15.60 43.13 34.03 25.99 18.02
Cash, $m
Cash, $m Operating cash flow 316 239 291 219 3 213 162 218 268 301
Capex (117) (122) (106) (76) (51) (68) (113) (153) (161) (147)
Free cash flow 199 116 185 143 (48) 145 49 65 107 154
Balance, $m
Balance, $m Working capital (155) (189) (221) (370) (245) (231) (311) (360) (378) (322)
Total debt 101 10 10 418 413 598 607 470 452 630
Net debt 47 4 (17) 360 259 408 492 414 368 414
Shareholders’ equity 603 614 571 572 289 330 292 318 443 436
Returns, %
Returns, % ROA 11.04 11.99 7.48 6.13 (9.92) 1.77 1.55 3.61 5.33 4.71
ROIC 19.32 15.47 13.41 6.95 (39.65) 6.97 3.10 9.27 13.74 13.76
ROE 23.41 25.87 16.72 22.28 (64.41) 15.88 13.86 33.23 41.18 33.74
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

The Cheesecake Factory Incorporated vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
YUMC Yum China $14.3B 15.7× 14.7× +12.59% (above 0%: growing) +20.69% (above 0%: growing) +3.10% (above 0%: growing) 22.21% 11.09% Compare
TXRH Texas Roadhouse, Inc. $10.7B 25.8× 26.6× +11.11% (above 0%: growing) −0.53% (below 0%: shrinking) +120.59% (above 0%: growing) 16.80% 8.50% Compare
DPZ Domino's Pizza Inc $10.2B 17.5× 16.4× +4.30% (above 0%: growing) +6.82% (above 0%: growing) −0.95% (below 0%: shrinking) 40.04% 19.43% Compare
EAT Brinker International, Inc. $8.0B 17.3× 11.3× +5.06% (above 0%: growing) +27.80% (above 0%: growing) +48.74% (above 0%: growing) 18.75% 10.87% Compare
BROS Dutch Bros Inc. $7.0B 52.8× 65.2× +32.48% (above 0%: growing) +40.00% (above 0%: growing) +11.97% (above 0%: growing) 27.42% 12.78% Compare
CAVA CAVA Group, Inc. $6.3B 94.1× 131× +31.30% (above 0%: growing) +25.00% (above 0%: growing) +52.60% (above 0%: growing) 44.93% 7.29% Compare
CAKE The Cheesecake Factory Incorporated $5.3B 28.3× 16.3× +7.72% (above 0%: growing) +24.58% (above 0%: growing) +220.39% (above 0%: growing) 17.64% 7.63%
WING Wingstop Inc. $3.2B 28.7× 31.6× +6.44% (above 0%: growing) +19.79% (above 0%: growing) −45.18% (below 0%: shrinking) 86.49% 29.44% Compare
SHAK Shake Shack, Inc. $2.9B 68.1× 45.8× +17.16% (above 0%: growing) −9.30% (below 0%: shrinking) −102.73% (below 0%: shrinking) 25.58% 4.97% Compare
Median of peers $7.5B 27.2× 29.1× +11.85% +20.24% +7.54% 26.50% 10.98%

All 56 Restaurants stocks →

The Cheesecake Factory Incorporated (CAKE) key facts

  • Strength: The Cheesecake Factory Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 4.75% from fiscal 2024.
  • The Cheesecake Factory Incorporated (CAKE) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 12, 2026, CAKE traded at $109.00, a market capitalization of $5.4 billion.
  • The Cheesecake Factory Incorporated pays an annual dividend of $1.17 per share, a yield of 1.07%, with a payout ratio of 31.7%.
  • Return on equity was 33.7% and debt-to-equity 1.08.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.33 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/CAKE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com