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.
CAVA GROUP, INC.
CAVA
$7.3B
Mkt Cap
$62.01
-1.90%
CAVA GROUP, INC. (CAVA) has a current P/E ratio of 37.8.
CAVA GROUP, INC. (CAVA) has a 5-year average return on invested capital (ROIC) of 7.4%. This is below average and may indicate limited pricing power.
CAVA GROUP, INC. (CAVA) has a market capitalization of $7.2B. It is classified as a mid-cap stock.
CAVA GROUP, INC. (CAVA) does not currently pay a regular dividend.
CAVA GROUP, INC. (CAVA) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
CAVA GROUP, INC. (CAVA) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
CAVA GROUP, INC. (CAVA) has a net profit margin of 5.4%. This is a modest margin.
CAVA GROUP, INC. (CAVA) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CAVA is a Mediterranean fast-casual restaurant operator that develops and operates company-owned restaurants serving fresh, customizable bowls and pitas featuring Mediterranean flavors and ingredients. The business model is built on a high-volume, unit-economics-driven expansion strategy, with new restaurants achieving average unit volumes of approximately $3 million and productivity exceeding 100%, generating strong cash-on-cash returns that exceed initial expectations. The company operates through a network of CAVA Restaurants (including converted Zoes Kitchen locations and Hybrid Kitchens) and Digital Kitchens, with restaurant-level profit margins historically in the 24–26% range, supported by operational leverage from scale and culinary innovation. Distribution is primarily through company-operated locations across multiple geographies, with a growing digital and delivery channel that is expanding the addressable market. The competitive moat is anchored in distinctive Mediterranean cuisine, a proven operating model with strong unit economics, a loyal guest base demonstrated through loyalty program engagement and frequency improvements, and proprietary technology platforms being built internally to enhance personalization, demand forecasting, and operational execution. The company serves health-conscious consumers seeking fresh, flavorful, accessible Mediterranean food and is expanding its addressable market through catering pilots and new menu innovations such as salmon and chicken shawarma.
【Sustained growth with operational investments】 Management expects continued momentum in same-restaurant sales and new unit openings while making targeted investments in team member wages, leadership development, and operational infrastructure to support the next phase of growth. The company is introducing new menu items including salmon (expected to run through at least Q4 2026) and pursuing catering expansion through market tests, with plans for potential broader rollout pending refinement of the channel. While acknowledging macroeconomic uncertainty and geopolitical pressures, management remains confident in the underlying health of the business supported by strong unit economics, and is balancing growth acceleration with prudent assumptions on consumer behavior and cost inflation. The company is also investing in field leadership roles and narrower spans of control to ensure operational integrity as it scales toward and beyond 500 units, while maintaining relatively flat G&A as a percentage of revenue through disciplined cost management.
| Metric | Target | Period |
|---|---|---|
| Net new CAVA restaurant openings | 75-77 | FY2026 |
| Same restaurant sales growth | 4.5%-6.5% | FY2026 |
| Effective tax rate | 23%-28% | FY2026 |
| Equity-based compensation | $22 million to $24 million | FY2026 |
Net new CAVA restaurant openings (FY2026): “75-77 net new Cava restaurant openings”
Same restaurant sales growth (FY2026): “Same restaurant sales of 4.5%-6.5%”
Effective tax rate (FY2026): “For the full year fiscal 2026, we expect our effective tax rate to be between 23% and 28%”
Equity-based compensation (FY2026): “We continue to expect equity-based compensation, which includes our new programs to provide equity grants to GM and performance-based LTI to be between $22 million and $24 million in aggregate for the full year”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.2B | 964M | 729M | 564M | 500M |
| Net Income | 62M | 64M | 130M | 13M | -59M | - |
| EPS | $0.53 | $0.54 | $1.10 | $0.21 | $-44.41 | $-51.06 |
| Free Cash Flow | 39M | 26M | 53M | -42M | -98M | -53M |
| ROIC | 9.7% | 12.0% | 20.5% | 7.3% | -10.2% | - |
| Gross Margin | - | 24.6% | 25.1% | 24.7% | 17.4% | 16.4% |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.01 | -0.00 | -0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 65M | 55M | 43M | 4.7M | -60M | -53M |
| Operating Margin | 5.0% | 4.7% | 4.5% | 0.6% | -10.6% | -10.5% |
| ROE | 7.6% | 8.6% | 20.6% | 21.7% | 14.0% | - |
| Shares Outstanding | 116M | 118M | 118M | 63M | 1M | 1M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 500M | 564M | 729M | 964M | 1.2B | 1.3B |
| Gross Margin | 16.4% | 17.4% | 24.7% | 25.1% | 24.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 65M | 70M | 101M | 121M | 137M | 148M |
| EBIT | -53M | -60M | 4.7M | 43M | 55M | 65M |
| Op. Margin | -10.5% | -10.6% | 0.6% | 4.5% | 4.7% | 5.0% |
| Net Income | N/A | -59M | 13M | 130M | 64M | 62M |
| Net Margin | N/A | -10.5% | 1.8% | 13.5% | 5.4% | 4.8% |
| Non-Recurring | 10M | 4.1M | 3.8M | -4.5M | -2.4M | -2.4M |
| Returns on Capital | ||||||
| ROIC | N/A | -10.2% | 7.3% | 20.5% | 12.0% | 9.7% |
| ROE | N/A | 14.0% | 21.7% | 20.6% | 8.6% | 7.6% |
| ROA | N/A | -20.0% | 1.7% | 12.1% | 5.0% | 4.3% |
| Cash Flow | ||||||
| Op. Cash Flow | 3.4M | 6.0M | 97M | 161M | 185M | 210M |
| Free Cash Flow | -53M | -98M | -42M | 53M | 26M | 39M |
| Owner Earnings | -46M | -40M | 40M | 87M | 96M | 115M |
| CapEx | 56M | 104M | 139M | 108M | 159M | 171M |
| Maint. CapEx | 45M | 43M | 47M | 60M | 74M | 78M |
| Growth CapEx | 12M | 61M | 91M | 48M | 85M | 93M |
| D&A | 45M | 43M | 47M | 60M | 74M | 78M |
| CapEx/OCF | N/A | N/A | 143.0% | 67.2% | 85.9% | 81.5% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 7.7M | 911K | 3.1M | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | 0.1% | N/A | N/A | 0.0% |
| Stock-Based Comp | 5.4M | 3.8M | 9.4M | 14M | 15M | 17M |
| Debt Repayment | 0 | 0 | 6.0M | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | -140M | -39M | -326M | -366M | -283M | -296M |
| Cash & Equiv. | 140M | 39M | 332M | 366M | 283M | 296M |
| Long-Term Debt | 0 | 0 | 6.0M | 0 | 0 | N/A |
| Debt/Equity | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Interest Coverage | -11.0 | -1271.6 | 0.5 | 204.4 | 337.1 | 337.1 |
| Equity | -393M | -449M | 571M | 696M | 780M | 810M |
| Total Assets | N/A | 584M | 984M | 1.2B | 1.4B | 1.4B |
| Total Liabilities | 1.2M | 370M | 413M | 474M | 580M | 613M |
| Intangibles | N/A | 1.4M | 1.4M | 1.4M | 1.8M | 1.8M |
| Retained Earnings | N/A | -461M | -448M | -317M | -254M | -230M |
| Working Capital | N/A | -26M | 246M | 262M | 268M | 277M |
| Current Assets | N/A | 58M | 355M | 394M | 431M | 445M |
| Current Liabilities | N/A | 84M | 109M | 133M | 163M | 168M |
| Per Share Data | ||||||
| EPS | -51.06 | -44.41 | 0.21 | 1.10 | 0.54 | 0.53 |
| Owner EPS | -63.52 | -30.48 | 0.64 | 0.73 | 0.81 | 0.98 |
| Book Value | -536.91 | -337.67 | 9.03 | 5.87 | 6.60 | 6.96 |
| Cash Flow/Share | 4.64 | 4.55 | 1.54 | 1.36 | 1.57 | 1.20 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.7M | 1.3M | 63.2M | 118.5M | 118.0M | 116.4M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 212.5 | 104.0 | 111.4 | 116.9 |
| P/FCF | N/A | N/A | N/A | 256.2 | 271.6 | 185.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 106.8 |
| Price/Book | N/A | N/A | 4.9 | 19.5 | 9.1 | 8.9 |
| Price/Sales | N/A | N/A | 3.4 | 11.3 | 8.1 | 5.6 |
| FCF Yield | N/A | N/A | -1.5% | 0.4% | 0.4% | 0.5% |
| Market Cap | 0 | N/A | 2.8B | 13.5B | 7.1B | 7.2B |
| Avg. Price | 0.00 | N/A | 39.38 | 91.60 | 81.36 | 62.01 |
| Year-End Price | 0.00 | N/A | 44.63 | 114.37 | 60.15 | 62.01 |
CAVA GROUP, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 7.4% with a gross margin of 21.7%.
CAVA GROUP, INC. (CAVA) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
CAVA GROUP, INC. (CAVA) reported earnings per share (EPS) of $0.54 in its most recent fiscal year.
CAVA GROUP, INC. (CAVA) has a return on equity (ROE) of 8.6%. This indicates moderate shareholder returns.
CAVA GROUP, INC. (CAVA) has a 5-year average gross margin of 21.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for CAVA GROUP, INC. (CAVA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CAVA GROUP, INC. (CAVA) has a book value per share of $6.60, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued momentum in same-restaurant sales and new unit openings while making targeted investments in team member wages, leadership development, and operational infrastructure to support the next phase of growth. The company is introducing new menu items including salmon (expected to run through at least Q4 2026) and pursuing catering expansion through market tests, with plans for potential broader rollout pending refinement of the channel. While acknowledging macroeconomic uncertainty and geopolitical pressures, management remains confident in the underlying health of the business supported by strong unit economics, and is balancing growth acceleration with prudent assumptions on consumer behavior and cost inflation. The company is also investing in field leadership roles and narrower spans of control to ensure operational integrity as it scales toward and beyond 500 units, while maintaining relatively flat G&A as a percentage of revenue through disciplined cost management.
Based on recent SEC filings and earnings calls, CAVA GROUP, INC. (CAVA) has provided the following forward guidance: Net new CAVA restaurant openings: 75-77 (FY2026); Same restaurant sales growth: 4.5%-6.5% (FY2026); Effective tax rate: 23%-28% (FY2026); Equity-based compensation: $22 million to $24 million (FY2026).