Cheesecake Factory (CAKE) Financials

$61.14 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$60.88 -0.26 (-0.42%)

As of 05/22/2026 07:55 PM Eastern

Annual Income Statements for Cheesecake Factory

This table shows Cheesecake Factory's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	1/3/2017	1/2/2018	1/1/2019	12/31/2019	12/29/2020	12/28/2021	1/3/2023	1/2/2024	12/31/2024	12/30/2025
Net Income / (Loss) Attributable to Common Shareholders	117	139	157	99	127	-277	49	43	101	157	148
Consolidated Net Income / (Loss)	117	139	157	99	127	-253	72	43	101	157	148
Net Income / (Loss) Continuing Operations	117	139	157	99	127	-253	72	43	101	157	148
Total Pre-Tax Income	159	192	146	107	140	-356	72	33	100	171	163
Total Operating Income	165	201	153	119	104	-347	82	39	109	178	187
Total Gross Profit	912	989	964	965	1,021	1,205	1,063	399	2,212	2,317	1,425
Total Revenue	2,101	2,276	2,261	2,332	2,483	1,983	2,928	3,303	3,440	3,582	3,752
Operating Revenue	2,101	2,276	2,261	2,332	2,483	1,983	2,928	3,303	3,440	3,582	3,752
Total Cost of Revenue	1,189	1,287	1,297	1,367	1,461	779	1,865	2,905	1,228	1,264	2,327
Operating Cost of Revenue	1,189	1,287	1,297	1,367	1,461	779	1,865	2,905	1,228	1,264	2,327
Total Operating Expenses	747	788	811	846	918	1,552	980	360	2,103	2,139	1,238
Selling, General & Admin Expense	638	686	694	722	792	774	186	206	1,140	1,188	245
Depreciation Expense	86	88	93	96	88	91	90	92	93	101	109
Amortization Expense	-	-	0.00	0.00	1.03	-3.87	-	13	12	2.43	14
Other Operating Expenses / (Income)	-	-	-	-	-	458	673	-	804	806	813
Impairment Charge	6.01	0.11	10	18	18	219	18	31	29	14	23
Other Special Charges / (Income)	17	14	13	11	13	10	14	17	25	27	33
Total Other Income / (Expense), net	-5.89	-9.23	-6.38	-12	37	-8.60	-11	-6.04	-8.55	-7.27	-24
Interest Expense	5.89	9.23	5.90	6.78	2.50	8.60	-	-	0.00	0.00	16
Interest & Investment Income	-	-	-0.48	-4.75	39	-	-	-7.49	-10	-10	-10
Other Income / (Expense), net	-	-	-	-	-	-	-11	1.45	1.61	2.84	1.95
Income Tax Expense	43	52	-11	8.38	13	-103	-0.75	-10	-1.34	14	14
Basic Earnings per Share	$2.39	$2.91	$3.35	$2.19	$2.90	($6.32)	$1.03	$0.87	$2.10	$3.28	$3.17
Weighted Average Basic Shares Outstanding	48.83M	47.98M	46.93M	45.26M	43.95M	43.87M	47.53M	49.82M	48.32M	47.79M	46.79M
Diluted Earnings per Share	$2.30	$2.83	$3.27	$2.14	$2.86	($6.32)	$1.01	$0.86	$2.07	$3.20	$3.06
Weighted Average Diluted Shares Outstanding	50.61M	49.37M	48.15M	46.22M	44.55M	43.87M	48.51M	50.41M	49.05M	48.97M	48.55M
Weighted Average Basic & Diluted Shares Outstanding	48.80M	47.90M	47M	45.20M	43.90M	45.83M	52.74M	51.65M	51.12M	51.64M	49.86M
Cash Dividends to Common per Share	$0.73	$0.88	$1.06	$1.24	$1.38	$0.36	$0.36	$0.81	$1.08	$1.08	$1.08

This table shows Cheesecake Factory's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/3/2023	1/2/2024	4/2/2024	7/2/2024	10/1/2024	12/31/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	18	13	33	52	30	41	33	55	32	29	50
Consolidated Net Income / (Loss)	18	13	33	52	30	41	33	55	32	29	50
Net Income / (Loss) Continuing Operations	18	13	33	52	30	41	33	55	32	29	50
Total Pre-Tax Income	17	5.66	38	56	32	45	34	62	35	31	53
Total Operating Income	19	8.14	39	59	34	47	52	65	37	33	55
Total Gross Profit	299	333	570	348	555	-687	596	622	329	-122	367
Total Revenue	830	877	891	904	865	921	927	956	907	962	979
Operating Revenue	830	877	891	904	865	921	927	956	907	962	979
Total Cost of Revenue	531	544	321	556	311	1,608	331	334	578	1,084	612
Operating Cost of Revenue	531	544	321	556	311	1,608	331	334	578	1,084	612
Total Operating Expenses	280	325	531	289	521	-734	544	557	291	-155	312
Selling, General & Admin Expense	54	55	294	54	296	-182	306	315	59	-435	64
Depreciation Expense	23	24	25	25	25	26	26	27	27	29	28
Amortization Expense	1.41	-	1.12	1.15	1.02	-0.86	1.00	1.01	0.91	12	1.20
Other Operating Expenses / (Income)	195	213	203	202	195	-	202	206	198	207	212
Impairment Charge	0.05	28	2.08	-0.19	-3.47	15	0.38	0.22	-0.10	22	0.83
Other Special Charges / (Income)	6.74	9.58	5.88	6.98	7.01	7.64	8.09	9.05	6.58	9.36	5.47
Total Other Income / (Expense), net	-2.03	-2.48	-1.76	-2.35	-1.87	-1.30	-17	-2.59	-1.79	-2.53	-1.69
Interest Expense	2.03	-	0.00	0.00	0.00	-	16	0.00	0.00	-	0.00
Interest & Investment Income	-	-	-2.78	-2.76	-2.43	-	-2.33	-2.87	-2.25	-3.00	-2.00
Other Income / (Expense), net	-	-	1.02	0.41	0.57	-	0.74	0.28	0.46	0.47	0.30
Income Tax Expense	-0.94	-7.03	4.34	3.90	1.84	4.18	1.54	7.42	3.58	1.93	3.80
Basic Earnings per Share	$0.37	$0.27	$0.70	$1.10	$0.63	$0.85	$0.69	$1.18	$0.68	$0.62	$1.06
Weighted Average Basic Shares Outstanding	48.28M	48.32M	47.75M	47.70M	47.75M	47.79M	47.53M	46.39M	46.61M	46.79M	46.59M
Diluted Earnings per Share	$0.37	$0.27	$0.68	$1.08	$0.61	$0.83	$0.67	$1.14	$0.66	$0.59	$1.02
Weighted Average Diluted Shares Outstanding	48.99M	49.05M	48.66M	48.78M	48.95M	48.97M	49.28M	48.10M	48.62M	48.55M	48.46M
Weighted Average Basic & Diluted Shares Outstanding	50.77M	51.12M	50.96M	50.87M	51.04M	51.64M	49.53M	49.81M	49.84M	49.86M	49.69M
Cash Dividends to Common per Share	$0.27	$0.27	$0.27	$0.27	$0.27	-	$0.27	$0.27	$0.27	-	$0.30

This table details how cash moves in and out of Cheesecake Factory's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	1/3/2017	1/2/2018	1/1/2019	12/31/2019	12/29/2020	12/28/2021	1/3/2023	1/2/2024	12/31/2024	12/30/2025
Net Change in Cash & Equivalents	-14	9.99	-48	21	32	96	36	-75	-58	28	132
Net Cash From Operating Activities	248	316	239	291	219	2.91	213	162	218	268	301
Net Cash From Continuing Operating Activities	248	316	239	291	219	2.91	213	162	218	268	301
Net Income / (Loss) Continuing Operations	117	139	157	99	127	-253	72	43	101	157	148
Consolidated Net Income / (Loss)	117	139	157	99	127	-253	72	43	101	157	148
Depreciation Expense	86	88	93	96	88	91	90	92	93	101	109
Non-Cash Adjustments To Reconcile Net Income	29	25	28	41	1.38	252	37	37	26	10	53
Changes in Operating Assets and Liabilities, net	17	64	-39	55	1.95	-88	14	-11	-1.75	-0.34	-8.80
Net Cash From Investing Activities	-156	-159	-140	-130	-363	-51	-69	-113	-153	-161	-147
Net Cash From Continuing Investing Activities	-156	-159	-140	-130	-363	-51	-69	-113	-153	-161	-147
Purchase of Property, Plant & Equipment	-154	-116	-121	-103	-74	-50	-67	-112	-152	-160	-146
Acquisitions	-1.76	-44	-20	-28	-267	-0.59	-0.61	-0.68	-1.66	-1.05	-1.06
Other Investing Activities, net	-	-	0.00	0.54	-23	0.00	-1.06	0.33	-0.27	0.32	0.00
Net Cash From Financing Activities	-106	-147	-146	-140	176	144	-109	-124	-124	-79	-23
Net Cash From Continuing Financing Activities	-106	-147	-146	-140	176	144	-109	-124	-124	-79	-23
Repayment of Debt	-60	-35	-75	-70	-55	-100	-160	-130	-15	-20	-416
Repurchase of Common Equity	-109	-146	-123	-109	-51	-3.62	-14	-63	-46	-18	-154
Payment of Dividends	-36	-42	-50	-56	-61	-16	-19	-42	-53	-53	-52
Issuance of Debt	60	35	85	70	335	90	345	130	15	0.00	575
Other Financing Activities, net	39	42	17	25	7.72	-17	7.79	-18	-24	12	25
Other Net Changes in Cash	-	-	-	-	-	-0.02	-0.03	-0.33	0.14	-0.55	0.32
Cash Interest Paid	6.06	6.04	7.13	8.16	1.65	13	9.59	7.23	9.76	13	8.68
Cash Income Taxes Paid	30	18	32	10	21	2.97	13	15	14	19	23

This table details how cash moves in and out of Cheesecake Factory's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/3/2023	1/2/2024	4/2/2024	7/2/2024	10/1/2024	1/2/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
Net Change in Cash & Equivalents	-28	-7.70	3.93	-20	12	-54	51	13	41	26	19
Net Cash From Operating Activities	49	68	67	28	80	44	79	57	91	75	97
Net Cash From Continuing Operating Activities	49	68	67	28	80	44	79	57	91	75	97
Net Income / (Loss) Continuing Operations	18	13	33	52	30	-14	33	55	32	29	50
Consolidated Net Income / (Loss)	18	13	33	52	30	-14	33	55	32	29	50
Depreciation Expense	23	24	25	25	25	18	26	27	27	29	28
Non-Cash Adjustments To Reconcile Net Income	0.28	26	0.71	-2.36	-7.55	35	3.23	9.64	10	29	6.40
Changes in Operating Assets and Liabilities, net	7.96	5.02	8.09	-47	32	5.37	17	-34	21	-12	13
Net Cash From Investing Activities	-37	-53	-37	-29	-54	-32	-43	-42	-37	-25	-44
Net Cash From Continuing Investing Activities	-37	-53	-37	-29	-54	-32	-43	-42	-37	-25	-44
Purchase of Property, Plant & Equipment	-37	-52	-37	-29	-54	-31	-43	-42	-37	-25	-43
Acquisitions	-0.18	-1.09	-0.23	-0.45	-0.16	-0.82	-0.54	-	-0.37	-0.15	-0.32
Net Cash From Financing Activities	-39	-23	-25	-18	-14	-66	16	-2.28	-12	-24	-34
Net Cash From Continuing Financing Activities	-39	-23	-25	-18	-14	-66	16	-2.28	-12	-24	-34
Repayment of Debt	-	-	0.00	-	-	-	-416	-0.01	-	-	-1.16
Repurchase of Common Equity	-15	-9.83	-12	-3.87	-1.10	-29	-141	-0.13	-1.23	-11	-18
Payment of Dividends	-13	-13	-13	-14	-13	-13	-12	-14	-13	-13	-14
Issuance of Debt	-	15	0.00	-	-	15	575	-	-	-	0.00
Other Financing Activities, net	-11	-	0.00	-	-	-24	11	12	1.63	-	0.24
Other Net Changes in Cash	-0.22	0.20	-0.14	-0.08	0.12	0.25	0.01	0.34	-0.14	0.11	-0.12
Cash Interest Paid	1.08	3.38	4.16	3.19	2.59	-0.17	1.47	0.72	6.20	0.30	6.35
Cash Income Taxes Paid	1.89	7.41	0.68	10	4.85	-1.50	0.79	4.59	2.30	15	1.10

This table presents Cheesecake Factory's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	1/3/2017	1/2/2018	1/1/2019	12/31/2019	12/29/2020	12/28/2021	1/3/2023	1/2/2024	12/31/2024	12/30/2025
Total Assets	1,233	1,293	1,333	1,314	2,841	2,747	2,798	2,775	2,840	3,042	3,262
Total Current Assets	225	221	209	195	245	341	406	346	301	333	455
Cash & Equivalents	44	54	6.01	27	58	154	190	115	56	84	216
Accounts Receivable	87	80	87	89	90	76	101	106	103	113	110
Inventories, net	34	35	43	39	47	39	43	56	58	65	54
Prepaid Expenses	42	52	58	41	44	35	36	48	63	55	55
Current Deferred & Refundable Income Taxes	19	-	15	0.00	4.63	37	36	22	21	17	21
Plant, Property, & Equipment, net	892	910	935	913	832	774	742	746	791	841	870
Total Noncurrent Assets	116	162	189	206	1,764	1,632	1,651	1,683	1,748	1,868	1,937
Intangible Assets	22	23	24	26	437	253	252	252	252	252	252
Other Noncurrent Operating Assets	94	139	106	100	1,327	1,378	1,399	1,432	1,497	1,616	1,685
Total Liabilities & Shareholders' Equity	1,233	1,293	1,333	1,314	2,841	2,747	2,798	2,775	2,840	3,042	3,262
Total Liabilities	645	690	720	743	2,269	2,240	2,468	2,483	2,522	2,598	2,825
Total Current Liabilities	350	377	398	417	615	586	636	657	661	711	777
Short-Term Debt	-	-	-	-	-	-	-	-	-	0.00	69
Accounts Payable	48	42	51	49	62	58	54	67	63	62	63
Accrued Expenses	302	333	347	194	237	210	239	231	463	265	478
Other Current Liabilities	-	-	-	172	316	317	132	359	135	384	167
Total Noncurrent Liabilities	295	314	322	327	1,654	1,654	1,832	1,827	1,862	1,887	2,048
Long-Term Debt	-	-	10	10	290	280	466	468	470	452	561
Capital Lease Obligations	88	101	109	113	1,190	1,224	-	1,233	1,255	1,299	1,332
Other Noncurrent Operating Liabilities	51	59	71	72	141	150	1,366	125	137	136	155
Commitments & Contingencies	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	589	603	614	571	572	289	330	292	318	443	436
Total Preferred & Common Equity	589	603	614	571	572	289	330	292	318	443	436
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	589	603	614	571	572	289	330	292	318	443	436
Common Stock	711	775	801	830	857	879	864	889	915	957	1,009
Retained Earnings	1,141	1,238	1,346	1,384	1,408	1,110	1,169	1,170	1,216	1,318	1,413
Treasury Stock	-1,263	-1,410	-1,533	-1,642	-1,693	-1,697	-1,703	-1,766	-1,812	-1,830	-1,985
Accumulated Other Comprehensive Income / (Loss)	-	-	-0.09	-0.94	-0.44	-3.79	-0.29	-0.98	-0.69	-1.61	-1.04

This table presents Cheesecake Factory's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/27/2022	4/4/2023	7/4/2023	10/3/2023	4/2/2024	7/2/2024	10/1/2024	4/1/2025	7/1/2025	9/30/2025	3/31/2026
Total Assets	2,734	2,742	2,770	2,777	2,838	2,880	2,936	3,111	3,152	3,241	3,297
Total Current Assets	318	314	299	272	284	278	287	361	379	424	465
Cash & Equivalents	133	116	92	64	60	41	52	135	149	190	235
Accounts Receivable	68	68	71	70	76	72	74	83	91	93	77
Inventories, net	62	59	61	59	65	71	70	67	66	63	51
Prepaid Expenses	31	48	53	56	62	69	61	55	58	59	78
Current Deferred & Refundable Income Taxes	24	22	23	24	20	25	29	21	16	18	24
Plant, Property, & Equipment, net	756	755	770	778	794	810	829	849	865	872	890
Total Noncurrent Assets	1,661	1,674	1,700	1,727	1,760	1,791	1,820	1,901	1,908	1,945	1,942
Intangible Assets	252	252	252	252	252	252	252	252	252	252	252
Other Noncurrent Operating Assets	1,409	1,422	1,449	1,475	1,508	1,539	1,568	1,649	1,656	1,693	1,690
Total Liabilities & Shareholders' Equity	2,734	2,742	2,770	2,777	2,838	2,880	2,936	3,111	3,152	3,241	3,297
Total Liabilities	2,411	2,443	2,444	2,455	2,505	2,506	2,539	2,771	2,751	2,816	2,838
Total Current Liabilities	606	627	623	619	655	643	652	684	737	771	781
Short-Term Debt	-	-	-	-	-	-	-	-	69	69	69
Accounts Payable	59	57	73	53	61	69	63	64	59	56	67
Accrued Expenses	225	237	221	421	250	232	449	472	460	292	475
Other Current Liabilities	147	332	330	144	344	342	140	148	149	355	170
Total Noncurrent Liabilities	1,804	1,816	1,820	1,837	1,851	1,863	1,888	2,088	2,014	2,045	2,057
Long-Term Debt	468	469	469	470	471	471	472	627	560	560	562
Capital Lease Obligations	-	1,218	1,229	1,247	1,243	1,259	1,277	1,327	1,323	1,344	1,341
Other Noncurrent Operating Liabilities	1,337	129	123	120	137	133	139	134	132	140	154
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	323	300	326	322	332	374	396	339	401	425	459
Total Preferred & Common Equity	323	300	326	322	332	374	396	339	401	425	459
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	323	300	326	322	332	374	396	339	401	425	459
Common Stock	881	894	901	908	922	929	936	976	995	1,002	1,017
Retained Earnings	1,187	1,184	1,213	1,217	1,236	1,274	1,291	1,338	1,379	1,398	1,448
Treasury Stock	-1,744	-1,778	-1,787	-1,802	-1,824	-1,828	-1,829	-1,972	-1,972	-1,973	-2,004
Accumulated Other Comprehensive Income / (Loss)	-1.06	-0.84	-0.66	-1.07	-0.95	-1.07	-0.89	-1.60	-0.99	-1.24	-1.25

This table displays calculated financial ratios and metrics derived from Cheesecake Factory's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/29/2015	1/3/2017	1/2/2018	1/1/2019	12/31/2019	12/29/2020	12/28/2021	1/3/2023	1/3/2023	12/31/2024	12/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.27%	8.34%	-0.67%	3.18%	6.45%	-20.12%	47.62%	12.83%	0.00%	0.00%	4.75%
EBITDA Growth	10.21%	15.23%	-15.03%	-12.48%	-10.79%	-233.53%	167.17%	-22.80%	0.00%	115.21%	5.54%
EBIT Growth	14.17%	21.63%	-23.96%	-22.18%	-12.90%	-435.37%	123.69%	-50.95%	0.00%	365.27%	4.46%
NOPAT Growth	14.21%	21.00%	12.34%	-33.23%	-14.32%	-358.81%	134.20%	-38.63%	0.00%	220.20%	4.41%
Net Income Growth	15.05%	19.71%	12.83%	-37.08%	28.53%	-299.04%	128.56%	-40.42%	0.00%	0.00%	-5.33%
EPS Growth	17.35%	23.04%	15.55%	-34.56%	33.64%	-320.98%	115.98%	-14.85%	0.00%	0.00%	-4.38%
Operating Cash Flow Growth	3.37%	27.71%	-24.52%	21.99%	-24.91%	-98.67%	7,224.83%	-23.98%	0.00%	0.00%	12.28%
Free Cash Flow Firm Growth	-42.86%	101.34%	14.58%	27.74%	-795.74%	91.83%	1,344.36%	-191.55%	0.00%	0.00%	145.43%
Invested Capital Growth	9.88%	2.75%	2.57%	-11.82%	239.09%	-6.82%	-67.34%	209.74%	0.00%	207.90%	3.45%
Revenue Q/Q Growth	1.31%	3.47%	-1.37%	0.58%	4.59%	-6.57%	8.21%	3.64%	0.00%	0.00%	1.09%
EBITDA Q/Q Growth	1.95%	3.54%	-8.43%	-2.04%	-6.51%	-22.11%	30.34%	-8.22%	0.00%	0.00%	-3.72%
EBIT Q/Q Growth	2.48%	4.34%	-12.78%	-4.33%	-11.13%	-14.95%	93.56%	-26.63%	0.00%	0.00%	-6.78%
NOPAT Q/Q Growth	2.27%	3.88%	19.65%	-28.05%	-15.54%	-14.95%	63.68%	-5.16%	0.00%	0.00%	-6.12%
Net Income Q/Q Growth	2.38%	3.86%	19.20%	-29.56%	34.33%	-47.02%	90.73%	-11.14%	0.00%	0.00%	-7.70%
EPS Q/Q Growth	3.14%	5.20%	20.22%	-28.67%	35.55%	-44.62%	621.43%	-7.53%	0.00%	0.00%	-7.27%
Operating Cash Flow Q/Q Growth	3.33%	1.50%	-2.75%	9.23%	-2.95%	-95.83%	37.60%	-15.99%	0.00%	0.00%	-5.96%
Free Cash Flow Firm Q/Q Growth	-24.79%	-16.24%	182.20%	66.40%	-120.30%	83.75%	2.96%	-2,431.13%	0.00%	-892.86%	48.47%
Invested Capital Q/Q Growth	-0.42%	4.46%	-5.73%	-21.24%	37.19%	-2.31%	-7.60%	185.58%	0.00%	-5.06%	-1.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.40%	43.46%	42.62%	41.39%	41.13%	60.74%	63.36%	12.07%	63.31%	15.41%	37.98%
EBITDA Margin	11.94%	12.70%	10.86%	9.22%	7.72%	-12.91%	5.87%	4.02%	3.98%	7.89%	7.95%
Operating Margin	7.87%	8.83%	6.76%	5.10%	4.17%	-17.52%	2.81%	1.18%	1.18%	4.98%	4.99%
EBIT Margin	7.87%	8.83%	6.76%	5.10%	4.17%	-17.52%	2.81%	1.22%	1.18%	5.06%	5.04%
Profit (Net Income) Margin	5.55%	6.13%	6.96%	4.25%	5.13%	-12.78%	2.47%	1.31%	1.31%	4.38%	3.96%
Tax Burden Percent	73.12%	72.74%	107.46%	92.20%	90.71%	71.16%	101.05%	131.10%	131.10%	91.66%	91.12%
Interest Burden Percent	96.43%	95.41%	95.83%	90.30%	135.46%	102.48%	87.00%	81.46%	84.48%	94.42%	86.08%
Effective Tax Rate	26.88%	27.26%	-7.46%	7.80%	9.29%	0.00%	-1.05%	-31.10%	-31.10%	8.34%	8.88%
Return on Invested Capital (ROIC)	20.00%	22.80%	24.95%	17.49%	7.28%	-12.63%	6.75%	4.11%	7.91%	12.42%	7.95%
ROIC Less NNEP Spread (ROIC-NNEP)	6.35%	8.01%	11.22%	-12.97%	11.92%	-13.37%	5.42%	3.26%	5.67%	11.76%	6.65%
Return on Net Nonoperating Assets (RNNOA)	0.35%	0.61%	0.92%	-0.76%	15.00%	-34.34%	10.54%	9.75%	6.86%	61.70%	25.79%
Return on Equity (ROE)	20.35%	23.41%	25.87%	16.72%	22.28%	-46.98%	17.29%	13.86%	14.77%	74.12%	33.74%
Cash Return on Invested Capital (CROIC)	10.59%	20.08%	22.42%	30.05%	-101.62%	-5.57%	108.28%	-98.27%	0.00%	-89.52%	4.56%
Operating Return on Assets (OROA)	13.80%	15.91%	11.64%	8.99%	4.99%	-12.44%	2.97%	1.45%	1.40%	6.38%	6.00%
Return on Assets (ROA)	9.73%	11.04%	11.99%	7.48%	6.13%	-9.07%	2.61%	1.55%	1.55%	5.52%	4.71%
Return on Common Equity (ROCE)	20.35%	23.41%	25.87%	16.72%	22.28%	-37.47%	12.78%	13.86%	14.77%	74.12%	33.74%
Return on Equity Simple (ROE_SIMPLE)	19.80%	23.13%	25.65%	17.34%	22.26%	-87.76%	21.92%	14.77%	14.77%	49.29%	0.00%
Net Operating Profit after Tax (NOPAT)	121	146	164	110	94	-243	83	51	51	163	171
NOPAT Margin	5.75%	6.42%	7.27%	4.70%	3.79%	-12.26%	2.84%	1.55%	1.55%	4.56%	4.55%
Net Nonoperating Expense Percent (NNEP)	13.65%	14.79%	13.73%	30.46%	-4.63%	0.73%	1.33%	0.85%	2.24%	0.66%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.56%	-	8.00%	7.11%
Cost of Revenue to Revenue	56.60%	56.54%	57.38%	58.61%	58.87%	39.26%	36.64%	87.93%	36.69%	84.59%	62.02%
SG&A Expenses to Revenue	30.37%	30.16%	30.72%	30.94%	31.89%	39.01%	33.42%	6.23%	32.92%	6.39%	6.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.54%	34.63%	35.86%	36.29%	36.96%	78.26%	60.55%	10.89%	62.13%	10.44%	32.99%
Earnings before Interest and Taxes (EBIT)	165	201	153	119	104	-347	82	40	39	181	189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	251	289	246	215	192	-256	172	133	131	283	298
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.25	3.95	3.18	3.06	2.77	5.40	5.79	5.37	5.59	7.61	5.71
Price to Tangible Book Value (P/TBV)	3.38	4.11	3.31	3.21	11.78	43.86	24.38	38.70	40.29	36.50	13.50
Price to Revenue (P/Rev)	0.91	1.05	0.86	0.75	0.64	0.79	0.65	0.47	0.49	0.68	0.66
Price to Earnings (P/E)	16.44	17.10	12.39	17.64	12.45	0.00	38.94	36.33	37.82	15.44	16.79
Dividend Yield	1.87%	1.75%	2.49%	3.22%	3.89%	4.12%	0.00%	2.66%	2.50%	2.28%	2.16%
Earnings Yield	6.08%	5.85%	8.07%	5.67%	8.03%	0.00%	2.57%	2.75%	2.64%	6.48%	5.95%
Enterprise Value to Invested Capital (EV/IC)	3.10	3.74	3.01	3.00	1.51	1.68	3.61	1.68	3.08	2.06	1.94
Enterprise Value to Revenue (EV/Rev)	0.93	1.07	0.89	0.76	1.21	1.58	0.75	0.95	0.60	1.14	1.13
Enterprise Value to EBITDA (EV/EBITDA)	7.81	8.41	8.16	8.21	15.68	0.00	12.73	23.75	15.11	14.47	14.21
Enterprise Value to EBIT (EV/EBIT)	11.86	12.10	13.11	14.83	29.02	0.00	26.60	78.10	50.96	22.58	22.40
Enterprise Value to NOPAT (EV/NOPAT)	16.22	16.63	12.20	16.08	32.00	0.00	26.32	61.78	38.87	25.02	24.84
Enterprise Value to Operating Cash Flow (EV/OCF)	7.91	7.69	8.39	6.05	13.74	1,075.31	10.28	19.47	12.25	15.24	14.07
Enterprise Value to Free Cash Flow (EV/FCFF)	30.63	18.88	13.58	9.36	0.00	0.00	1.64	0.00	0.00	0.00	43.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.15	0.17	0.19	0.22	2.59	2.97	1.41	5.83	1.60	5.42	4.50
Long-Term Debt to Equity	0.15	0.17	0.19	0.22	2.59	2.97	1.41	5.83	1.60	5.42	4.34
Financial Leverage	0.06	0.08	0.08	0.06	1.26	2.57	1.94	2.99	1.21	5.25	3.88
Leverage Ratio	2.09	2.12	2.16	2.23	3.64	5.18	6.62	8.96	9.50	8.93	7.16
Compound Leverage Factor	2.02	2.02	2.07	2.02	4.92	5.31	5.76	7.30	8.03	8.43	6.17
Debt to Total Capital	12.99%	14.29%	16.20%	17.73%	72.13%	74.79%	58.53%	85.35%	61.58%	84.43%	81.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.87%
Long-Term Debt to Total Capital	12.99%	14.29%	16.20%	17.73%	72.13%	74.79%	58.53%	85.35%	61.58%	84.43%	78.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	10.85%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.01%	85.71%	83.80%	82.27%	27.87%	14.35%	41.47%	14.65%	38.42%	15.57%	18.19%
Debt to EBITDA	0.35	0.35	0.48	0.57	7.72	-5.88	2.71	12.82	3.56	6.10	6.58
Net Debt to EBITDA	0.18	0.16	0.22	0.08	7.41	-5.27	1.61	11.95	2.69	5.90	5.86
Long-Term Debt to EBITDA	0.35	0.35	0.48	0.57	7.72	-5.88	2.71	12.82	3.56	6.10	6.35
Debt to NOPAT	0.73	0.69	0.72	1.12	15.75	-6.19	5.60	33.33	9.17	10.55	11.50
Net Debt to NOPAT	0.36	0.32	0.32	0.15	15.13	-5.55	3.32	31.09	6.92	10.21	10.24
Long-Term Debt to NOPAT	0.73	0.69	0.72	1.12	15.75	-6.19	5.60	33.33	9.17	10.55	11.10
Altman Z-Score	5.10	5.54	4.94	4.76	1.95	1.18	2.09	2.07	2.09	2.49	2.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	20.23%	26.07%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.64	0.59	0.52	0.47	0.40	0.58	0.64	0.53	0.53	0.46	0.59
Quick Ratio	0.37	0.36	0.23	0.28	0.24	0.39	0.46	0.34	0.34	0.24	0.42
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	64	129	148	188	-1,311	-107	1,334	-1,221	0.00	-1,178	98
Operating Cash Flow to CapEx	160.93%	273.16%	197.71%	283.08%	296.56%	5.78%	318.19%	143.98%	143.98%	167.32%	206.07%
Free Cash Flow to Firm to Interest Expense	10.85	13.96	25.01	27.79	-525.20	-12.47	124.68	0.00	0.00	0.00	6.16
Operating Cash Flow to Interest Expense	42.03	34.30	40.47	42.95	87.61	0.34	19.91	0.00	26.80	0.00	18.96
Operating Cash Flow Less CapEx to Interest Expense	15.91	21.74	20.00	27.78	58.07	-5.51	13.65	0.00	8.19	0.00	9.76
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.80	1.72	1.76	1.20	0.71	1.06	1.19	1.19	1.26	1.19
Accounts Receivable Turnover	25.57	27.25	26.97	26.43	27.67	23.88	33.21	32.07	31.31	34.74	33.77
Inventory Turnover	35.35	37.33	33.48	33.57	33.94	18.00	26.12	59.04	21.81	52.55	39.27
Fixed Asset Turnover	2.44	2.53	2.45	2.52	2.85	2.47	3.86	4.44	4.43	4.53	4.39
Accounts Payable Turnover	22.62	28.80	28.03	27.33	26.33	12.94	19.07	48.12	18.19	47.97	37.29
Days Sales Outstanding (DSO)	14.28	13.40	13.53	13.81	13.19	15.28	10.99	11.38	11.66	10.51	10.81
Days Inventory Outstanding (DIO)	10.33	9.78	10.90	10.87	10.75	20.28	13.97	6.18	16.73	6.95	9.29
Days Payable Outstanding (DPO)	16.13	12.67	13.02	13.36	13.86	28.22	19.14	7.59	20.07	7.61	9.79
Cash Conversion Cycle (CCC)	8.47	10.50	11.41	11.33	10.08	7.35	5.82	9.98	8.32	9.84	10.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	633	650	667	588	1,993	1,857	607	1,879	645	1,987	2,183
Invested Capital Turnover	3.48	3.55	3.43	3.72	1.92	1.03	2.38	2.66	5.12	2.72	1.75
Increase / (Decrease) in Invested Capital	57	17	17	-79	1,405	-136	-1,251	1,272	0.00	1,342	73
Enterprise Value (EV)	1,959	2,432	2,004	1,764	3,007	3,127	2,189	3,153	1,984	4,090	4,239
Market Capitalization	1,916	2,385	1,951	1,747	1,585	1,559	1,913	1,567	1,631	2,421	2,493
Book Value per Share	$11.97	$12.72	$13.40	$12.60	$12.81	$6.33	$6.33	$5.68	$5.68	$6.23	$8.76
Tangible Book Value per Share	$11.52	$12.23	$12.87	$12.02	$3.01	$0.78	$1.50	$0.79	$0.79	$1.30	$3.70
Total Capital	676	704	732	694	2,052	2,011	796	1,994	760	2,043	2,399
Total Debt	88	101	119	123	1,480	1,504	466	1,702	468	1,725	1,962
Total Long-Term Debt	88	101	119	123	1,480	1,504	466	1,702	468	1,725	1,894
Net Debt	44	47	53	17	1,421	1,350	276	1,587	353	1,669	1,747
Capital Expenditures (CapEx)	154	116	121	103	74	50	67	112	112	160	146
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-169	-209	-195	-248	-428	-399	-420	-426	-426	-416	-469
Debt-free Net Working Capital (DFNWC)	-125	-155	-189	-221	-370	-245	-231	-311	-311	-360	-253
Net Working Capital (NWC)	-125	-155	-189	-221	-370	-245	-231	-311	-311	-360	-322
Net Nonoperating Expense (NNE)	4.31	6.71	6.85	11	-33	10	11	7.92	7.92	6.66	22
Net Nonoperating Obligations (NNO)	44	47	53	17	1,421	1,350	276	1,587	353	1,669	1,747
Total Depreciation and Amortization (D&A)	86	88	93	96	88	91	90	92	92	101	109
Debt-free, Cash-free Net Working Capital to Revenue	-8.03%	-9.18%	-8.64%	-10.63%	-17.26%	-20.11%	-14.36%	-12.89%	-12.89%	-11.62%	-12.50%
Debt-free Net Working Capital to Revenue	-5.94%	-6.82%	-8.38%	-9.49%	-14.91%	-12.34%	-7.88%	-9.41%	-9.41%	-10.05%	-6.75%
Net Working Capital to Revenue	-5.94%	-6.82%	-8.38%	-9.49%	-14.91%	-12.34%	-7.88%	-9.41%	-9.41%	-10.05%	-8.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.39	$2.91	$3.35	$2.19	$2.90	($6.32)	$1.03	$0.87	$0.87	$3.28	$3.17
Adjusted Weighted Average Basic Shares Outstanding	48.83M	47.98M	46.93M	45.26M	43.95M	43.87M	47.53M	49.82M	49.82M	47.79M	46.79M
Adjusted Diluted Earnings per Share	$2.30	$2.83	$3.27	$2.14	$2.86	($6.32)	$1.01	$0.86	$0.86	$3.20	$3.06
Adjusted Weighted Average Diluted Shares Outstanding	50.61M	49.37M	48.15M	46.22M	44.55M	43.87M	48.51M	50.41M	50.41M	48.97M	48.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.49M	47.73M	45.90M	45.12M	44.96M	45.83M	52.74M	51.65M	51.65M	51.64M	49.86M
Normalized Net Operating Profit after Tax (NOPAT)	138	156	124	136	127	-80	80	61	61	201	222
Normalized NOPAT Margin	6.55%	6.86%	5.46%	5.84%	5.12%	-4.06%	2.73%	1.85%	1.85%	5.62%	5.91%
Pre Tax Income Margin	7.59%	8.43%	6.48%	4.61%	5.65%	-17.95%	2.45%	1.00%	1.00%	4.78%	4.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.04	21.79	25.91	17.54	41.49	-40.40	7.69	0.00	6.44	0.00	11.91
NOPAT to Interest Expense	20.50	15.85	27.84	16.17	37.63	-28.28	7.78	0.00	8.45	0.00	10.74
EBIT Less CapEx to Interest Expense	1.92	9.23	5.43	2.36	11.95	-46.26	1.44	0.00	-12.17	0.00	2.71
NOPAT Less CapEx to Interest Expense	-5.62	3.29	7.37	1.00	8.09	-34.14	1.52	0.00	-10.16	0.00	1.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.87%	30.37%	31.70%	56.80%	47.70%	-6.23%	26.25%	98.03%	98.03%	33.83%	35.16%
Augmented Payout Ratio	124.73%	135.37%	109.83%	167.14%	87.75%	-7.66%	45.20%	244.43%	244.43%	45.46%	138.85%

This table displays calculated financial ratios and metrics derived from Cheesecake Factory's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/3/2023	1/2/2024	4/2/2024	7/2/2024	10/1/2024	12/31/2024	4/1/2025	7/1/2025	9/30/2025	12/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,859,091.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	49,859,091.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.99
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.89%	-1.77%	2.90%	4.37%	4.25%	0.00%	4.04%	5.73%	4.82%	4.41%	5.57%
EBITDA Growth	104.77%	206.40%	12.60%	18.15%	40.92%	0.00%	21.08%	9.39%	9.37%	-15.61%	5.77%
EBIT Growth	963.04%	153.82%	15.82%	23.64%	77.09%	0.00%	30.74%	10.15%	10.10%	-29.01%	5.02%
NOPAT Growth	1,401.22%	272.38%	17.02%	22.18%	58.09%	0.00%	42.84%	4.51%	5.53%	-26.41%	2.99%
Net Income Growth	848.33%	484.51%	18.33%	22.89%	67.14%	0.00%	-0.75%	4.52%	6.35%	-30.08%	50.41%
EPS Growth	840.00%	775.00%	21.43%	24.14%	64.86%	0.00%	-1.47%	5.56%	8.20%	-28.92%	52.24%
Operating Cash Flow Growth	330.84%	7.66%	2.63%	-24.08%	62.92%	0.00%	18.23%	105.24%	13.44%	-20.31%	22.56%
Free Cash Flow Firm Growth	-43,384.91%	93.00%	-11,506.30%	-33.02%	93.29%	0.00%	-50.83%	-7.73%	5.20%	48.71%	110.96%
Invested Capital Growth	200.06%	5.75%	6.19%	6.79%	6.01%	0.00%	8.66%	6.77%	5.54%	3.45%	1.75%
Revenue Q/Q Growth	-4.15%	5.64%	0.00%	1.44%	-4.27%	6.41%	19.06%	3.09%	-5.08%	5.99%	1.80%
EBITDA Q/Q Growth	-40.87%	-23.21%	0.00%	30.61%	-29.47%	9.75%	1,676.31%	16.73%	-29.16%	-4.26%	33.60%
EBIT Q/Q Growth	-59.91%	-57.23%	0.00%	49.37%	-42.58%	38.37%	327.96%	23.53%	-42.05%	-10.67%	64.22%
NOPAT Q/Q Growth	-55.08%	-9.14%	0.00%	57.21%	-41.88%	33.32%	406.71%	15.03%	-41.32%	-7.04%	64.12%
Net Income Q/Q Growth	-57.95%	-29.33%	0.00%	58.01%	-42.81%	37.21%	330.71%	66.39%	-41.80%	-9.79%	72.19%
EPS Q/Q Growth	-57.47%	-27.03%	0.00%	58.82%	-43.52%	36.07%	323.33%	70.15%	-42.11%	-10.61%	72.88%
Operating Cash Flow Q/Q Growth	34.40%	38.39%	0.00%	-58.51%	188.40%	-44.82%	79.05%	-27.97%	59.40%	-17.33%	29.13%
Free Cash Flow Firm Q/Q Growth	-2,149.78%	93.07%	0.00%	5.46%	-13.40%	100.00%	0.00%	32.48%	0.21%	49.41%	132.15%
Invested Capital Q/Q Growth	2.17%	0.65%	0.00%	3.89%	1.42%	-5.06%	2.25%	2.09%	0.25%	-1.15%	0.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.02%	38.03%	37.79%	38.46%	64.07%	-74.58%	64.29%	65.11%	36.23%	-12.71%	37.46%
EBITDA Margin	5.04%	3.67%	7.19%	9.25%	6.82%	7.03%	8.50%	9.62%	7.18%	6.49%	8.51%
Operating Margin	2.29%	0.93%	4.41%	6.49%	3.89%	5.06%	5.60%	6.78%	4.11%	3.46%	5.62%
EBIT Margin	2.29%	0.93%	4.41%	6.49%	3.89%	5.06%	5.68%	6.81%	4.16%	3.50%	5.65%
Profit (Net Income) Margin	2.16%	1.45%	3.72%	5.80%	3.47%	4.47%	3.55%	5.73%	3.52%	2.99%	5.06%
Tax Burden Percent	105.54%	224.20%	88.43%	93.08%	94.22%	90.78%	95.53%	88.08%	89.90%	93.72%	92.87%
Interest Burden Percent	89.35%	69.49%	95.52%	96.00%	94.47%	97.22%	65.43%	95.59%	94.04%	91.10%	96.40%
Effective Tax Rate	-5.54%	-124.20%	11.57%	6.92%	5.78%	9.22%	4.47%	11.92%	10.10%	6.28%	7.13%
Return on Invested Capital (ROIC)	6.35%	3.70%	0.00%	0.00%	0.00%	8.29%	8.98%	9.88%	6.37%	5.66%	9.13%
ROIC Less NNEP Spread (ROIC-NNEP)	6.14%	3.36%	0.00%	0.00%	0.00%	8.22%	8.02%	9.75%	6.28%	5.52%	9.04%
Return on Net Nonoperating Assets (RNNOA)	18.90%	17.93%	0.00%	0.00%	0.00%	43.10%	41.44%	43.91%	26.60%	21.42%	40.23%
Return on Equity (ROE)	25.25%	21.64%	0.00%	0.00%	0.00%	51.39%	50.42%	53.79%	32.97%	27.09%	49.35%
Cash Return on Invested Capital (CROIC)	-92.84%	0.10%	-6.01%	-6.57%	-5.84%	-59.30%	-2.20%	-0.54%	3.06%	4.56%	6.21%
Operating Return on Assets (OROA)	2.87%	1.14%	0.00%	0.00%	0.00%	6.38%	6.64%	7.97%	5.00%	4.17%	6.71%
Return on Assets (ROA)	2.71%	1.77%	0.00%	0.00%	0.00%	5.63%	4.15%	6.71%	4.22%	3.56%	6.01%
Return on Common Equity (ROCE)	25.25%	21.64%	0.00%	0.00%	0.00%	51.39%	50.42%	53.79%	32.97%	27.09%	49.35%
Return on Equity Simple (ROE_SIMPLE)	26.54%	0.00%	0.00%	0.00%	0.00%	0.00%	29.79%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	20	18	35	55	32	42	50	57	34	31	51
NOPAT Margin	2.42%	2.08%	3.90%	6.04%	3.67%	4.60%	5.35%	5.97%	3.69%	3.24%	5.22%
Net Nonoperating Expense Percent (NNEP)	0.22%	0.34%	0.10%	0.13%	0.10%	0.07%	0.96%	0.13%	0.09%	0.14%	0.09%
Return On Investment Capital (ROIC_SIMPLE)	-	0.89%	-	-	-	2.07%	2.16%	2.43%	1.40%	1.30%	2.10%
Cost of Revenue to Revenue	63.98%	61.97%	62.21%	61.54%	35.93%	174.58%	35.71%	34.89%	63.77%	112.71%	62.54%
SG&A Expenses to Revenue	6.53%	6.24%	6.77%	6.02%	34.16%	-19.73%	33.04%	32.90%	6.50%	-45.23%	6.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.72%	37.10%	33.38%	31.96%	60.18%	-79.65%	58.69%	58.32%	32.13%	-16.17%	31.84%
Earnings before Interest and Taxes (EBIT)	19	8.14	39	59	34	47	53	65	38	34	55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	32	64	84	59	65	79	92	65	62	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.42	5.26	5.56	5.12	5.26	7.61	7.74	7.83	6.40	5.71	5.94
Price to Tangible Book Value (P/TBV)	20.27	25.20	22.91	15.69	14.44	36.50	30.11	21.11	15.71	13.50	13.17
Price to Revenue (P/Rev)	0.41	0.49	0.00	0.00	0.00	0.68	0.76	0.89	0.73	0.66	0.72
Price to Earnings (P/E)	16.65	16.49	0.00	0.00	0.00	15.44	25.98	30.36	16.93	16.79	16.54
Dividend Yield	3.90%	3.28%	2.97%	2.88%	2.64%	2.28%	2.12%	1.70%	1.98%	2.16%	2.03%
Earnings Yield	6.01%	6.06%	0.00%	0.00%	0.00%	6.48%	3.85%	3.29%	5.91%	5.95%	6.05%
Enterprise Value to Invested Capital (EV/IC)	1.56	1.68	1.76	1.75	1.81	2.06	2.06	2.24	2.04	1.94	2.03
Enterprise Value to Revenue (EV/Rev)	0.89	0.97	0.00	0.00	0.00	1.14	1.28	1.40	1.21	1.13	1.17
Enterprise Value to EBITDA (EV/EBITDA)	17.07	17.29	0.00	0.00	0.00	14.47	20.48	21.19	14.54	14.21	14.75
Enterprise Value to EBIT (EV/EBIT)	36.03	33.40	0.00	0.00	0.00	22.58	36.27	38.45	22.19	22.40	23.28
Enterprise Value to NOPAT (EV/NOPAT)	32.54	30.36	0.00	0.00	0.00	25.02	35.17	38.58	24.78	24.84	25.84
Enterprise Value to Operating Cash Flow (EV/OCF)	14.39	15.30	0.00	0.00	0.00	15.24	19.28	15.96	14.06	14.07	14.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1,671.64	0.00	0.00	0.00	0.00	0.00	0.00	68.37	43.34	33.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.34	5.42	5.16	4.63	4.41	5.42	5.76	4.87	4.64	4.50	4.29
Long-Term Debt to Equity	5.34	5.42	5.16	4.63	4.41	5.42	5.76	4.69	4.48	4.34	4.14
Financial Leverage	3.08	5.34	5.10	4.71	4.66	5.25	5.17	4.51	4.23	3.88	4.45
Leverage Ratio	8.54	9.20	8.83	8.07	7.96	8.93	8.85	7.78	7.52	7.16	8.02
Compound Leverage Factor	7.63	6.40	8.43	7.75	7.52	8.68	5.79	7.44	7.07	6.53	7.73
Debt to Total Capital	84.22%	84.43%	83.75%	82.23%	81.52%	84.43%	85.20%	82.95%	82.27%	81.81%	81.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.92%	2.86%	2.87%	2.84%
Long-Term Debt to Total Capital	84.22%	84.43%	83.75%	82.23%	81.52%	84.43%	85.20%	80.03%	79.40%	78.94%	78.27%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	15.78%	15.57%	16.25%	17.78%	18.48%	15.57%	14.80%	17.05%	17.73%	18.19%	18.89%
Debt to EBITDA	9.53	8.93	0.00	0.00	0.00	6.10	9.00	8.36	6.37	6.58	6.51
Net Debt to EBITDA	9.18	8.64	0.00	0.00	0.00	5.90	8.38	7.73	5.76	5.86	5.73
Long-Term Debt to EBITDA	9.53	8.93	0.00	0.00	0.00	6.10	9.00	8.07	6.15	6.35	6.28
Debt to NOPAT	18.17	15.68	0.00	0.00	0.00	10.55	15.46	15.23	10.85	11.50	11.41
Net Debt to NOPAT	17.49	15.17	0.00	0.00	0.00	10.21	14.39	14.06	9.81	10.24	10.05
Long-Term Debt to NOPAT	18.17	15.68	0.00	0.00	0.00	10.55	15.46	14.69	10.48	11.10	11.01
Altman Z-Score	2.08	2.07	0.94	0.99	1.00	2.34	2.22	2.35	2.24	2.20	2.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.44	0.46	0.43	0.43	0.44	0.46	0.53	0.51	0.55	0.59	0.59
Quick Ratio	0.22	0.24	0.21	0.18	0.19	0.24	0.32	0.32	0.37	0.42	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,296	-90	-81	-77	-87	0.00	-122	-83	-82	-42	13
Operating Cash Flow to CapEx	131.58%	131.40%	179.87%	94.90%	147.34%	141.94%	184.32%	136.81%	247.01%	297.77%	222.98%
Free Cash Flow to Firm to Interest Expense	-639.40	0.00	-46.03	-32.64	-46.60	0.00	-7.69	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	24.19	0.00	37.90	11.80	42.83	0.00	4.97	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	5.81	0.00	16.83	-0.63	13.76	0.00	2.27	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.25	1.23	0.00	0.00	0.00	1.26	1.17	1.17	1.20	1.19	1.19
Accounts Receivable Turnover	50.11	32.98	0.00	0.00	0.00	34.74	43.87	43.29	44.31	33.77	47.48
Inventory Turnover	18.08	37.99	0.00	0.00	0.00	52.55	44.78	39.90	46.31	39.27	44.40
Fixed Asset Turnover	4.51	4.48	0.00	0.00	0.00	4.53	4.23	4.21	4.36	4.39	4.37
Accounts Payable Turnover	19.45	33.14	0.00	0.00	0.00	47.97	47.43	42.90	52.19	37.29	39.96
Days Sales Outstanding (DSO)	7.28	11.07	0.00	0.00	0.00	10.51	8.32	8.43	8.24	10.81	7.69
Days Inventory Outstanding (DIO)	20.19	9.61	0.00	0.00	0.00	6.95	8.15	9.15	7.88	9.29	8.22
Days Payable Outstanding (DPO)	18.77	11.02	0.00	0.00	0.00	7.61	7.70	8.51	6.99	9.79	9.13
Cash Conversion Cycle (CCC)	8.71	9.66	0.00	0.00	0.00	9.84	8.77	9.07	9.13	10.31	6.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,974	1,987	1,986	2,063	2,093	1,987	2,158	2,203	2,209	2,183	2,196
Invested Capital Turnover	2.63	1.78	0.00	0.00	0.00	1.80	1.68	1.65	1.73	1.75	1.75
Increase / (Decrease) in Invested Capital	1,316	108	116	131	119	0.00	172	140	116	73	38
Enterprise Value (EV)	3,074	3,340	3,502	3,603	3,780	4,090	4,445	4,943	4,505	4,239	4,466
Market Capitalization	1,421	1,672	1,848	1,913	2,084	2,421	2,627	3,141	2,722	2,493	2,730
Book Value per Share	$6.27	$6.26	$6.96	$7.34	$7.79	$6.23	$6.57	$8.10	$8.54	$8.76	$9.21
Tangible Book Value per Share	$1.37	$1.31	$1.69	$2.39	$2.84	$1.30	$1.69	$3.00	$3.48	$3.70	$4.16
Total Capital	2,038	2,043	2,046	2,104	2,145	2,043	2,293	2,352	2,399	2,399	2,431
Total Debt	1,716	1,725	1,714	1,730	1,749	1,725	1,954	1,951	1,973	1,962	1,972
Total Long-Term Debt	1,716	1,725	1,714	1,730	1,749	1,725	1,954	1,882	1,904	1,894	1,903
Net Debt	1,652	1,669	1,654	1,689	1,696	1,669	1,819	1,802	1,783	1,747	1,736
Capital Expenditures (CapEx)	37	52	37	29	54	31	43	42	37	25	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-410	-416	-431	-405	-418	-416	-458	-438	-469	-469	-483
Debt-free Net Working Capital (DFNWC)	-346	-360	-371	-365	-365	-360	-323	-289	-279	-253	-248
Net Working Capital (NWC)	-346	-360	-371	-365	-365	-360	-323	-358	-347	-322	-316
Net Nonoperating Expense (NNE)	2.14	5.57	1.56	2.19	1.76	1.18	17	2.28	1.61	2.37	1.57
Net Nonoperating Obligations (NNO)	1,652	1,669	1,654	1,689	1,696	1,669	1,819	1,802	1,783	1,747	1,736
Total Depreciation and Amortization (D&A)	23	24	25	25	25	18	26	27	27	29	28
Debt-free, Cash-free Net Working Capital to Revenue	-11.87%	-12.10%	0.00%	0.00%	0.00%	-11.62%	-13.19%	-12.41%	-12.63%	-12.50%	-12.69%
Debt-free Net Working Capital to Revenue	-10.02%	-10.46%	0.00%	0.00%	0.00%	-10.05%	-9.29%	-8.19%	-7.51%	-6.75%	-6.51%
Net Working Capital to Revenue	-10.02%	-10.46%	0.00%	0.00%	0.00%	-10.05%	-9.29%	-10.14%	-9.36%	-8.59%	-8.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.27	$0.70	$1.10	$0.63	$0.85	$0.69	$1.18	$0.68	$0.62	$1.06
Adjusted Weighted Average Basic Shares Outstanding	48.28M	48.32M	47.75M	47.70M	47.75M	47.79M	47.53M	46.39M	46.61M	46.79M	46.59M
Adjusted Diluted Earnings per Share	$0.37	$0.27	$0.68	$1.08	$0.61	$0.83	$0.67	$1.14	$0.66	$0.59	$1.02
Adjusted Weighted Average Diluted Shares Outstanding	48.99M	49.05M	48.66M	48.78M	48.95M	48.97M	49.28M	48.10M	48.62M	48.55M	48.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.77M	51.12M	50.96M	50.87M	51.04M	51.64M	49.53M	49.81M	49.84M	49.86M	49.69M
Normalized Net Operating Profit after Tax (NOPAT)	18	32	42	61	35	63	58	65	39	61	57
Normalized NOPAT Margin	2.18%	3.64%	4.69%	6.74%	4.05%	6.85%	6.23%	6.83%	4.34%	6.34%	5.82%
Pre Tax Income Margin	2.05%	0.64%	4.21%	6.23%	3.68%	4.92%	3.72%	6.51%	3.91%	3.19%	5.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.39	0.00	22.31	25.00	18.07	0.00	3.32	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	9.91	0.00	19.73	23.27	17.02	0.00	3.12	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-9.00	0.00	1.24	12.57	-11.00	0.00	0.62	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-8.47	0.00	-1.34	10.84	-12.05	0.00	0.43	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	63.31%	52.50%	0.00%	0.00%	0.00%	33.83%	52.29%	51.38%	32.74%	35.16%	32.68%
Augmented Payout Ratio	131.13%	97.97%	0.00%	0.00%	0.00%	45.46%	225.34%	189.92%	121.97%	138.85%	51.43%

Financials Breakdown Chart

Key Financial Trends

Revenue has trended higher in 2025. Q4 2025 operating revenue was $961.6M, up from $921.0M in Q4 2024 (roughly a 4–5% year-over-year lift). The trend is also visible in prior 2025 quarters (e.g., Q3 2025 revenue about $907.2M vs Q3 2024 about $865.5M).
Net income remained positive each quarter in 2025, with a notable quarterly peak. Q2 2025 net income continuing operations was about $54.8M, and other 2025 quarters also posted positive quarterly net income (e.g., Q4 2025 net income of ~$28.8M; Q1 2025 ~$32.9M; Q3 2025 ~$31.9M).
Operating cash flow stayed robust across 2025. Net cash from continuing operating activities was about $74.9M in Q4 2025 and $90.6M in Q3 2025, with positive cash generation in each quarter.
Capital expenditure remains moderate and ongoing. Purchase of Property, Plant & Equipment runs in the $25–40M per quarter range (e.g., ~\$25.2M in Q4 2025; ~\$36.7M in Q3 2025), indicating continued store/asset renewal.
Shareholder returns are steady via dividends. Cash dividends per share are maintained at $0.27 across recent periods, signaling ongoing returns to shareholders.
Balance sheet size increased modestly into 2025. Total assets rose to about \$3.24B by Q3 2025 from earlier in 2025, reflecting asset growth alongside operations.
Leverage remains a key aspect of the capital structure. As of Q3 2025, long-term debt was about \$560.4M and capital lease obligations about \$1.344B, contributing to a sizeable liability base and a higher leverage profile (Total Liabilities around \$2.816B; Total Equity ~\$425M for the period).
Gross margin deteriorated in Q4 2025. Total Gross Profit was negative at \$-122.3M on \$961.6M revenue, indicating that costs of revenue exceeded sales in that quarter.
Significant non-operating and one-time charges weighed on profitability in Q4 2025. Other Operating Expenses / (Income) reached \$207.389M, impairment charge \$22.494M, and Other Special Charges / (Income) \$9.362M, amplifying profitability headwinds.
Liquidity appears tight on a near-term basis. As of Q3 2025, Total Current Assets \$423.9M vs Total Current Liabilities \$771.4M yields a current ratio around 0.55x, suggesting tighter short-term liquidity absent continued strong operating cash flow.

05/26/26 03:09 AM ETAI Generated. May Contain Errors.

Cheesecake Factory Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cheesecake Factory's financial year ends in December. Their financial year 2025 ended on December 30, 2025.

Cheesecake Factory's net income were at $148.43 million at the end of 2025, a 5.3% decrease from 2024, and a 27.4% increase since 2015. View Cheesecake Factory's forecast to see where analysts expect Cheesecake Factory to go next.

Cheesecake Factory's total operating income in 2025 was $187.29 million, based on the following breakdown:

Total Gross Profit: $1.42 billion
Total Operating Expenses: $1.24 billion

Over the last 10 years, Cheesecake Factory's total revenue changed from $2.10 billion in 2015 to $3.75 billion in 2025, a change of 78.6%.

Cheesecake Factory's total liabilities were at $2.83 billion at the end of 2025, a 8.7% increase from 2024, and a 338.2% increase since 2015.

In the past 10 years, Cheesecake Factory's cash and equivalents has ranged from $6.01 million in 2017 to $215.73 million in 2025, and is currently $215.73 million as of their latest financial filing in 2025.

Over the last 10 years, Cheesecake Factory's book value per share changed from 11.97 in 2015 to 8.76 in 2025, a change of -26.8%.

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Financial statements for NASDAQ:CAKE last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Cheesecake Factory (CAKE) Financials

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