A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
CHEESECAKE FACTORY INC
CAKE
$4.1B
Mkt Cap
$84.72
+0.31%
CHEESECAKE FACTORY INC (CAKE) has a current P/E ratio of 27.7, compared to its historical median P/E of 17.2. The stock is currently considered Expensive based on its historical valuation range.
CHEESECAKE FACTORY INC (CAKE) has a 5-year average return on invested capital (ROIC) of 4.0%. This is below average and may indicate limited pricing power.
CHEESECAKE FACTORY INC (CAKE) has a market capitalization of $4.2B. It is classified as a mid-cap stock.
Yes, CHEESECAKE FACTORY INC (CAKE) pays a dividend with a trailing twelve-month yield of 1.28%. The company also returns capital through share buybacks, with a buyback yield of 0.73%.
Based on historical P/E analysis, CHEESECAKE FACTORY INC (CAKE) appears expensive. The current P/E of 27.7 is 61% above its historical median of 17.2. The estimated fair value CAGR (P/E method) is -2.6%.
CHEESECAKE FACTORY INC (CAKE) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
CHEESECAKE FACTORY INC (CAKE) reported annual revenue of $3.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
The Cheesecake Factory Incorporated is a leader in experiential dining. We are culinary forward and relentlessly focused on hospitality. As of February 23, 2026, we owned and operated 368 restaurants throughout the United States and Canada under brands including The Cheesecake Factory® (216 locations), North Italia® (48 locations), Flower Child® (43 locations) and additional brands within our Fox Restaurant Concepts (“Other FRC”) portfolio (55 locations). Internationally, 35 The Cheesecake Factory® restaurants operate under licensing agreements. Our bakery division operates two facilities that produce quality cheesecakes and other baked products for our restaurants, international licensees and third-party bakery customers. Our business originated in 1972 when Oscar and Evelyn Overton founded a small bakery in the Los Angeles area.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.8B | 3.8B | 3.6B | 3.3B | 2.9B | 2.0B |
| Net Income | 165M | 148M | 157M | 43M | 49M | -277M |
| EPS | $3.32 | $3.06 | $3.20 | $0.86 | $1.01 | $-6.32 |
| Free Cash Flow | 172M | 155M | 108M | 49M | 146M | -47M |
| ROIC | 20.2% | 20.5% | 22.4% | 6.0% | 19.7% | -48.7% |
| Gross Margin | - | 14.7% | 14.6% | 10.4% | 63.4% | 76.9% |
| Debt/Equity | 1.37 | 1.44 | 1.02 | 1.60 | 1.41 | 0.97 |
| Dividends/Share | $1.08 | $1.08 | $1.08 | $0.81 | $0.36 | $0.36 |
| Operating Income | 190M | 187M | 178M | 39M | 82M | -347M |
| Operating Margin | 5.0% | 5.0% | 5.0% | 1.2% | 2.8% | -17.5% |
| ROE | 35.9% | 33.7% | 42.6% | 14.8% | 14.9% | -96.0% |
| Shares Outstanding | 50M | 49M | 49M | 50M | 49M | 44M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.8B | 1.9B | 2.0B | 2.1B | 2.3B | 2.3B | 2.3B | 2.0B | 2.9B | 3.3B | 3.6B | 3.8B | 3.8B |
| Gross Margin | 74.5% | 75.7% | 75.2% | 76.0% | 76.9% | 77.0% | 77.2% | 76.9% | 63.4% | 10.4% | 14.6% | 14.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 96M | 115M | 119M | 137M | 146M | 142M | 155M | 158M | 186M | 206M | 229M | 245M | 249M |
| EBIT | 133M | 161M | 145M | 165M | 201M | 153M | 119M | -347M | 82M | 39M | 178M | 187M | 190M |
| Op. Margin | 7.6% | 8.6% | 7.3% | 7.9% | 8.8% | 6.8% | 5.1% | -17.5% | 2.8% | 1.2% | 5.0% | 5.0% | 5.0% |
| Net Income | 96M | 114M | 101M | 117M | 139M | 157M | 99M | -277M | 49M | 43M | 157M | 148M | 165M |
| Net Margin | 5.4% | 6.1% | 5.1% | 5.5% | 6.1% | 7.0% | 4.2% | -14.0% | 1.7% | 1.3% | 4.4% | 4.0% | 4.3% |
| Non-Recurring | 643K | 5.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 20.0% | 23.3% | 20.9% | 23.2% | 26.6% | 26.0% | 10.6% | -48.7% | 19.7% | 6.0% | 22.4% | 20.5% | 20.2% |
| ROE | 17.6% | 20.4% | 17.9% | 20.4% | 23.1% | 25.9% | 17.3% | -96.0% | 14.9% | 14.8% | 42.6% | 33.7% | 35.9% |
| ROA | 9.4% | 10.7% | 8.9% | 9.7% | 10.8% | 12.0% | 3.5% | -10.1% | 1.8% | 1.6% | 5.4% | 4.7% | 5.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 196M | 205M | 240M | 248M | 316M | 239M | 291M | 2.9M | 213M | 162M | 268M | 301M | 319M |
| Free Cash Flow | 119M | 98M | 126M | 94M | 201M | 118M | 188M | -47M | 146M | 49M | 108M | 155M | 172M |
| Owner Earnings | 114M | 112M | 140M | 142M | 207M | 130M | 175M | -110M | 100M | 45M | 137M | 165M | 181M |
| CapEx | 77M | 106M | 114M | 154M | 116M | 121M | 103M | 50M | 67M | 112M | 160M | 146M | 147M |
| Maint. CapEx | 72M | 79M | 83M | 86M | 88M | 93M | 96M | 91M | 90M | 92M | 101M | 109M | 111M |
| Growth CapEx | 4.8M | 28M | 31M | 68M | 28M | 28M | 6.9M | 0 | 0 | 20M | 59M | 37M | 36M |
| D&A | 72M | 79M | 83M | 86M | 88M | 93M | 96M | 91M | 90M | 92M | 101M | 109M | 111M |
| CapEx/OCF | 39.1% | 44.2% | 47.6% | 65.4% | 36.6% | 50.6% | 35.3% | 1730.7% | 31.4% | 69.5% | 69.4% | 48.5% | 46.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 27M | 30M | 36M | 42M | 50M | 56M | 16M | 337K | 42M | 53M | 52M | 54M |
| Dividend Yield | N/A | 1.6% | 1.6% | 1.7% | 2.0% | 2.4% | 3.2% | 1.4% | 0.0% | 2.7% | 2.9% | 2.0% | 1.3% |
| Share Buybacks | 172M | 184M | 140M | 109M | 146M | 123M | 109M | 3.6M | 5.8M | 63M | 18M | 154M | 31M |
| Buyback Yield | 11.7% | 4.8% | 6.9% | 5.7% | 7.1% | 6.9% | 6.9% | 0.2% | 0.3% | 3.7% | 2.0% | 6.0% | 0.7% |
| Stock-Based Comp | 9.6M | 14M | 17M | 20M | 21M | 16M | 20M | 21M | 23M | 24M | 30M | 27M | 27M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 0 | 0 | 290M | 290M |
| Balance Sheet | |||||||||||||
| Net Debt | -48M | -62M | -58M | -44M | -54M | 14M | 463M | -28M | 87M | 353M | 368M | 414M | 396M |
| Cash & Equiv. | 48M | 62M | 58M | 44M | 54M | 6.0M | 58M | 154M | 190M | 115M | 84M | 216M | 235M |
| Long-Term Debt | 0 | 0 | N/A | N/A | N/A | 10M | 290M | 280M | 466M | 468M | 452M | 561M | 562M |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 1.01 | 0.97 | 1.41 | 1.60 | 1.02 | 1.44 | 1.37 |
| Interest Coverage | 27.1 | 35.0 | 26.7 | 27.3 | 33.3 | 21.4 | 14.6 | -26.6 | 8.6 | 5.4 | 13.8 | 21.6 | 21.6 |
| Equity | 543M | 577M | 557M | 589M | 603M | 614M | 572M | 289M | 330M | 292M | 443M | 436M | 459M |
| Total Assets | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 2.8B | 2.7B | 2.8B | 2.8B | 3.0B | 3.3B | 3.3B |
| Total Liabilities | 480M | 531M | 605M | 645M | 690M | 720M | 2.3B | 2.5B | 2.5B | 2.5B | 2.6B | 2.8B | 2.8B |
| Intangibles | 15M | 19M | 21M | 22M | 23M | 24M | 437M | 253M | 252M | 252M | 252M | 252M | 252M |
| Retained Earnings | 817M | 989M | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.1B | 1.2B | 1.2B | 1.3B | 1.4B | 1.4B |
| Working Capital | -47M | -38M | -98M | -125M | -155M | -189M | -370M | -245M | -231M | -311M | -378M | -322M | -316M |
| Current Assets | 176M | 226M | 224M | 225M | 221M | 209M | 245M | 341M | 406M | 346M | 333M | 455M | 465M |
| Current Liabilities | 223M | 264M | 322M | 350M | 377M | 398M | 615M | 586M | 636M | 657M | 711M | 777M | 781M |
| Per Share Data | |||||||||||||
| EPS | 1.64 | 2.10 | 1.96 | 2.30 | 2.83 | 3.27 | 2.14 | -6.32 | 1.01 | 0.86 | 3.20 | 3.06 | 3.32 |
| Owner EPS | 1.96 | 2.06 | 2.71 | 2.81 | 4.20 | 2.69 | 3.79 | -2.51 | 2.06 | 0.90 | 2.79 | 3.40 | 3.65 |
| Book Value | 9.30 | 10.60 | 10.77 | 11.62 | 12.24 | 12.75 | 12.35 | 6.58 | 6.79 | 5.82 | 9.05 | 9.00 | 9.22 |
| Cash Flow/Share | 3.36 | 3.76 | 4.64 | 4.89 | 6.42 | 4.96 | 6.29 | 0.07 | 4.38 | 3.23 | 5.48 | 6.21 | 5.54 |
| Dividends/Share | N/A | 0.52 | 0.61 | 0.73 | 1.06 | 1.06 | 0.36 | 0.36 | 0.36 | 0.81 | 1.08 | 1.08 | 1.08 |
| Shares Out. | 58.4M | 54.5M | 51.7M | 50.7M | 49.3M | 48.1M | 46.3M | 43.8M | 48.6M | 50.1M | 49.0M | 48.5M | 49.8M |
| Valuation | |||||||||||||
| P/E Ratio | 15.4 | 21.5 | 20.2 | 16.4 | 14.7 | 11.3 | 16.0 | N/A | 35.4 | 39.1 | 22.7 | 17.2 | 25.5 |
| P/FCF | 12.3 | 21.2 | 16.3 | 20.4 | 10.2 | 15.0 | 8.4 | N/A | 11.9 | 34.1 | 21.3 | 16.4 | 24.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | 9.7 | 11.6 | 14.7 | N/A | 22.2 | 49.5 | 23.8 | 15.0 | 24.2 |
| Price/Book | 2.7 | 3.7 | 3.7 | 3.2 | 3.4 | 2.9 | 2.8 | 5.1 | 5.3 | 5.8 | 5.2 | 5.8 | 9.2 |
| Price/Sales | 0.8 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 | 0.8 | 0.6 | 0.7 | 0.5 | 0.5 | 0.7 | 1.1 |
| FCF Yield | 8.1% | 4.7% | 6.1% | 4.9% | 9.8% | 6.7% | 11.9% | -3.2% | 8.4% | 2.9% | 4.7% | 6.1% | 4.1% |
| Market Cap | 1.5B | 2.1B | 2.0B | 1.9B | 2.1B | 1.8B | 1.6B | 1.5B | 1.7B | 1.7B | 2.3B | 2.5B | 4.2B |
| Avg. Price | 24.81 | 32.15 | 36.62 | 41.47 | 43.67 | 43.37 | 38.30 | 25.86 | 44.36 | 31.70 | 37.67 | 53.43 | 84.72 |
| Year-End Price | 25.18 | 38.28 | 39.56 | 37.69 | 41.69 | 36.83 | 34.16 | 33.64 | 35.72 | 33.65 | 47.02 | 52.55 | 84.72 |
CHEESECAKE FACTORY INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
CHEESECAKE FACTORY INC trades at 27.7x trailing earnings, compared to its 15-year median P/E of 17.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 27.2x vs a median of 16.3x. The company's 5-year average ROIC is 4.0% with a gross margin of 36.0%. Total shareholder yield (dividends + buybacks) is 2.0%. At current prices, the estimated annualized return to fair value is -5.8%.
CHEESECAKE FACTORY INC (CAKE) has a net profit margin of 4.0%. This is a modest margin.
CHEESECAKE FACTORY INC (CAKE) generated $155 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CHEESECAKE FACTORY INC (CAKE) has a debt-to-equity ratio of 1.44. This indicates moderate leverage.
CHEESECAKE FACTORY INC (CAKE) reported earnings per share (EPS) of $3.06 in its most recent fiscal year.
CHEESECAKE FACTORY INC (CAKE) has a return on equity (ROE) of 33.7%. This indicates the company generates strong returns for shareholders.
CHEESECAKE FACTORY INC (CAKE) has a 5-year average gross margin of 36.0%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for CHEESECAKE FACTORY INC (CAKE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHEESECAKE FACTORY INC (CAKE) has a book value per share of $9.00, based on its most recent annual SEC filing.
No recent press releases.