A Business at a Glance
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Table of Contents Summary of Risk Factors An investment in our common stock involves risks. The following risks, trends, and uncertainties, which are discussed more fully in “Item 1A. Risk Factors,” and all of the other information contained in this Annual Report should be considered carefully before investing in our common stock. These risks include, but are not limited to, the following: •We operate in a highly competitive industry; •Our future growth depends on our ability to open new restaurants while managing our growth effectively and maintaining our culture, and our historical growth may not be indicative of our future growth; •We may not be able to successfully identify appropriate locations and develop and expand our operations in existing and new markets; •New restaurants may not be profitable, and may negatively affect sales at our existing locations; •Negative changes in guest perception of our brand could negatively impact our business; •Our efforts to market our restauran
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 964M | 729M | 564M | 500M |
| Net Income | 64M | 64M | 130M | 13M | -59M | - |
| EPS | $0.54 | $0.54 | $1.10 | $0.21 | - | $-51.06 |
| Free Cash Flow | 26M | 26M | 53M | -42M | -98M | -53M |
| ROIC | 10.0% | 56.2% | 18.7% | 0.8% | -10.2% | - |
| Gross Margin | 70.1% | 70.1% | 70.5% | 24.7% | 17.4% | 16.4% |
| Debt/Equity | 0.00 | 0.74 | 0.68 | 0.72 | -0.83 | -0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 55M | 55M | 43M | 4.7M | -60M | -53M |
| Operating Margin | 4.7% | 4.7% | 4.5% | 0.6% | -10.6% | -10.5% |
| ROE | 8.2% | 8.6% | 18.7% | 2.3% | 13.2% | - |
| Shares Outstanding | 118M | 118M | 118M | 63M | - | - |
| Metric | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 500M | 564M | 729M | 964M | 1.2B | 1.2B |
| Gross Margin | 16.4% | 17.4% | 24.7% | 70.5% | 70.1% | 70.1% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 65M | 70M | 101M | 121M | 137M | 137M |
| EBIT | -53M | -60M | 4.7M | 43M | 55M | 55M |
| Op. Margin | -10.5% | -10.6% | 0.6% | 4.5% | 4.7% | 4.7% |
| Net Income | N/A | -59M | 13M | 130M | 64M | 64M |
| Net Margin | N/A | -10.5% | 1.8% | 13.5% | 5.4% | 5.4% |
| Non-Recurring | 10M | 26M | 11M | 5.6M | 4.9M | 4.9M |
| Returns on Capital | ||||||
| ROIC | N/A | -10.2% | 0.8% | 18.7% | 56.2% | 10.0% |
| ROE | N/A | 13.2% | 2.3% | 18.7% | 8.6% | 8.2% |
| ROA | N/A | -10.1% | 1.3% | 11.1% | 5.0% | 4.7% |
| Cash Flow | ||||||
| Op. Cash Flow | 3.4M | 6.0M | 97M | 161M | 185M | 185M |
| Free Cash Flow | -53M | -98M | -42M | 53M | 26M | 26M |
| Owner Earnings | -46M | -40M | 40M | 87M | 96M | 96M |
| CapEx | 56M | 104M | 139M | 108M | 159M | 159M |
| Maint. CapEx | 45M | 43M | 47M | 60M | 74M | 74M |
| Growth CapEx | 12M | 61M | 91M | 48M | 85M | 85M |
| D&A | 45M | 43M | 47M | 60M | 74M | 74M |
| CapEx/OCF | N/A | N/A | 143.0% | 67.2% | 85.9% | 85.9% |
| 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 | 15M |
| Debt Repayment | 0 | 0 | 6.0M | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | -140M | N/A | N/A | N/A | N/A | -283M |
| Cash & Equiv. | 140M | 39M | 332M | 366M | 283M | 283M |
| Long-Term Debt | 0 | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.00 | -0.83 | 0.72 | 0.68 | 0.74 | 0.00 |
| Interest Coverage | -11.0 | -1271.6 | 0.5 | 2.6 | 3.7 | 3.7 |
| Equity | -393M | -449M | 571M | 696M | 780M | 780M |
| Total Assets | N/A | 584M | 984M | 1.2B | 1.4B | 1.4B |
| Total Liabilities | 1.2M | 370M | 413M | 474M | 580M | 580M |
| Intangibles | N/A | 1.4M | 1.4M | 1.4M | 1.8M | 1.8M |
| Retained Earnings | N/A | -461M | -448M | -317M | -254M | -254M |
| Working Capital | N/A | -26M | 246M | 262M | 268M | 268M |
| Current Assets | N/A | 58M | 355M | 394M | 431M | 431M |
| Current Liabilities | N/A | 84M | 109M | 133M | 163M | 163M |
| Per Share Data | ||||||
| EPS | -51.06 | N/A | 0.21 | 1.10 | 0.54 | 0.54 |
| Owner EPS | N/A | N/A | 0.64 | 0.73 | 0.81 | 0.81 |
| Book Value | N/A | -337.67 | 9.03 | 5.87 | 6.60 | 6.60 |
| Cash Flow/Share | N/A | 4.55 | 1.54 | 1.36 | 1.57 | 1.16 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | N/A | 63.2M | 118.5M | 118.0M | 118.0M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 212.5 | 104.0 | 111.4 | 155.9 |
| P/FCF | N/A | N/A | N/A | 256.2 | 271.6 | 380.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 174.7 |
| Price/Book | N/A | N/A | 4.9 | 19.5 | 9.1 | 12.7 |
| Price/Sales | N/A | N/A | 3.4 | 11.3 | 8.1 | 8.4 |
| FCF Yield | N/A | N/A | -1.5% | 0.4% | 0.4% | 0.3% |
| Market Cap | 0 | N/A | 2.8B | 13.5B | 7.1B | 9.9B |
| Avg. Price | 0.00 | N/A | 39.38 | 91.60 | 81.36 | 84.21 |
| Year-End Price | 0.00 | N/A | 44.63 | 114.37 | 60.15 | 84.21 |
CAVA GROUP, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
CAVA GROUP, INC. trades at 51.3x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 16.4% with a gross margin of 39.8%. At current prices, the estimated annualized return to fair value is +76.2%.
CAVA GROUP, INC. (CAVA) has a current P/E ratio of 51.3, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
CAVA GROUP, INC. (CAVA) has a 5-year average return on invested capital (ROIC) of 16.4%. This indicates strong capital allocation and a potential competitive advantage.
CAVA GROUP, INC. (CAVA) has a market capitalization of $9.9B. It is classified as a mid-cap stock.
CAVA GROUP, INC. (CAVA) does not currently pay a regular dividend.
Based on historical P/E analysis, CAVA GROUP, INC. (CAVA) appears expensive. The current P/E of 51.3 is 242% above its historical median of 15.0. The estimated fair value CAGR (P/E method) is 76.2%.
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 GROUP, INC. (CAVA) has a debt-to-equity ratio of 0.74. This indicates moderate leverage.
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 39.8%. This indicates decent pricing power.
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.