CAVA Group (CAVA) Financials

$80.45 +0.03 (+0.04%)

Closing price 05/26/2026 03:58 PM Eastern

Extended Trading

$80.40 -0.06 (-0.07%)

As of 07:23 AM Eastern

Annual Income Statements for CAVA Group

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

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Income / (Loss) Attributable to Common Shareholders	-37	-59	13	130	64
Consolidated Net Income / (Loss)	-37	-59	13	130	64
Net Income / (Loss) Continuing Operations	-37	-59	13	130	64
Total Pre-Tax Income	-37	-59	14	60	71
Total Operating Income	-53	-60	4.73	43	55
Total Gross Profit	202	226	328	362	525
Total Revenue	500	564	729	964	1,180
Operating Revenue	500	564	729	964	1,180
Total Cost of Revenue	298	338	401	602	655
Operating Cost of Revenue	298	338	401	602	655
Total Operating Expenses	255	286	323	319	470
Selling, General & Admin Expense	65	70	101	121	137
Depreciation Expense	45	43	47	60	74
Other Operating Expenses / (Income)	120	128	148	120	235
Impairment Charge	11	20	4.90	5.06	4.93
Restructuring Charge	6.84	5.92	6.08	0.58	0.00
Other Special Charges / (Income)	8.19	19	16	12	19
Total Other Income / (Expense), net	15	0.87	9.32	17	16
Interest & Investment Income	-	-0.05	8.85	16	15
Other Income / (Expense), net	20	0.92	0.47	0.32	0.47
Income Tax Expense	0.12	0.09	0.77	-70	7.06
Basic Earnings per Share	($51.06)	($44.41)	$0.22	$1.14	$0.55
Weighted Average Basic Shares Outstanding	732K	1.33M	60.51M	114.29M	115.80M
Diluted Earnings per Share	($51.06)	($44.41)	$0.21	$1.10	$0.54
Weighted Average Diluted Shares Outstanding	732K	1.33M	63.45M	118.27M	118.28M
Weighted Average Basic & Diluted Shares Outstanding	-	-	114.00M	115.59M	116.38M

This table shows CAVA Group'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	10/1/2023	12/31/2023	4/21/2024	7/14/2024	10/6/2024	12/29/2024	4/20/2025	7/13/2025	10/5/2025	12/28/2025	4/19/2026
Net Income / (Loss) Attributable to Common Shareholders	6.83	2.05	14	20	18	79	26	18	15	4.92	24
Consolidated Net Income / (Loss)	6.83	2.05	14	20	18	79	26	18	15	4.92	24
Net Income / (Loss) Continuing Operations	6.83	2.05	14	20	18	79	26	18	15	4.92	24
Total Pre-Tax Income	6.87	2.70	14	20	18	7.73	20	24	21	6.08	30
Total Operating Income	2.80	-1.58	9.25	16	14	3.95	16	20	17	2.81	25
Total Gross Profit	80	77	119	106	109	98	150	128	130	117	199
Total Revenue	176	177	259	233	244	227	332	281	292	275	438
Operating Revenue	176	177	259	233	244	227	332	281	292	275	438
Total Cost of Revenue	96	100	140	127	135	130	182	152	162	158	239
Operating Cost of Revenue	96	100	140	127	135	130	182	152	162	158	239
Total Operating Expenses	77	78	109	90	95	94	134	109	113	114	174
Selling, General & Admin Expense	24	25	34	28	30	29	41	32	31	33	52
Depreciation Expense	12	12	17	14	14	15	21	17	18	18	25
Other Operating Expenses / (Income)	35	37	53	44	46	46	66	53	58	58	88
Impairment Charge	1.19	0.60	1.29	0.83	1.68	1.26	1.67	1.07	1.18	1.01	2.72
Other Special Charges / (Income)	3.41	2.91	3.38	3.30	2.82	2.70	4.48	5.10	4.94	4.62	6.16
Total Other Income / (Expense), net	4.08	4.28	4.99	3.88	4.14	3.78	4.64	4.06	3.55	3.27	4.78
Interest & Investment Income	3.96	-	4.91	3.82	4.09	-	4.62	3.58	3.58	3.27	4.08
Other Income / (Expense), net	0.12	0.06	0.08	0.06	0.05	0.13	0.03	0.47	-0.03	-0.00	0.70
Income Tax Expense	0.04	0.65	0.25	0.29	-0.06	-71	-5.35	5.33	5.92	1.16	6.47
Basic Earnings per Share	$0.06	$1.23	$0.12	$0.17	$0.16	$0.69	$0.22	$0.16	$0.13	$0.04	$0.20
Weighted Average Basic Shares Outstanding	113.58M	60.51M	113.97M	114.13M	114.43M	114.29M	115.53M	115.78M	115.96M	115.80M	116.34M
Diluted Earnings per Share	$0.06	$1.24	$0.12	$0.17	$0.15	$0.66	$0.22	$0.16	$0.12	$0.04	$0.20
Weighted Average Diluted Shares Outstanding	117.71M	63.45M	117.94M	118.29M	118.43M	118.27M	118.44M	118.33M	118.27M	118.28M	118.32M
Weighted Average Basic & Diluted Shares Outstanding	113.61M	114.00M	114.03M	114.32M	114.58M	115.59M	115.66M	115.95M	115.99M	116.38M	116.47M

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

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Net Change in Cash & Equivalents	90	-101	293	34	-83
Net Cash From Operating Activities	3.39	6.04	97	161	185
Net Cash From Continuing Operating Activities	3.39	6.04	97	161	185
Net Income / (Loss) Continuing Operations	-37	-59	13	130	64
Consolidated Net Income / (Loss)	-37	-59	13	130	64
Depreciation Expense	38	37	47	60	74
Non-Cash Adjustments To Reconcile Net Income	-4.11	-11	-6.26	-14	-48
Changes in Operating Assets and Liabilities, net	0.45	33	43	-16	96
Net Cash From Investing Activities	-56	-104	-139	-108	-273
Net Cash From Continuing Investing Activities	-56	-104	-139	-108	-273
Purchase of Property, Plant & Equipment	-56	-104	-139	-108	-159
Purchase of Investments	-	-	0.00	0.00	-135
Sale and/or Maturity of Investments	-	-	0.00	0.00	25
Other Investing Activities, net	-	-	0.00	0.00	-5.00
Net Cash From Financing Activities	143	-3.08	335	-19	5.00
Net Cash From Continuing Financing Activities	143	-3.08	335	-19	5.00
Repayment of Debt	-40	-0.99	-6.37	0.00	0.00
Repurchase of Common Equity	-7.69	-1.11	-5.38	0.00	0.00
Issuance of Debt	0.00	0.00	6.00	0.00	0.00
Issuance of Common Equity	0.00	0.00	343	0.00	0.00
Other Financing Activities, net	7.47	-0.99	-1.84	-19	5.00
Cash Interest Paid	0.77	0.16	0.33	0.21	0.16
Cash Income Taxes Paid	0.21	0.52	0.12	2.53	1.67

This table details how cash moves in and out of CAVA Group'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	10/1/2023	12/31/2023	4/21/2024	7/14/2024	10/6/2024	12/29/2024	4/20/2025	7/13/2025	10/5/2025	12/28/2025	4/19/2026
Net Change in Cash & Equivalents	-12	-7.97	-3.31	15	23	-1.04	-77	0.82	-5.60	-1.65	13
Net Cash From Operating Activities	26	24	38	49	44	30	39	60	46	40	64
Net Cash From Continuing Operating Activities	26	24	38	49	44	30	39	60	46	40	64
Net Income / (Loss) Continuing Operations	6.83	2.05	14	20	18	79	26	18	15	4.92	24
Consolidated Net Income / (Loss)	6.83	2.05	14	20	18	79	26	18	15	4.92	24
Depreciation Expense	12	12	17	14	14	15	21	17	18	18	25
Non-Cash Adjustments To Reconcile Net Income	26	-20	10	-2.36	-4.48	-2.84	14	-15	62	-74	-19
Changes in Operating Assets and Liabilities, net	-18	30	-3.22	18	16	-61	-21	40	-48	91	34
Net Cash From Investing Activities	-35	-31	-34	-26	-21	-28	-116	-62	-51	-44	-51
Net Cash From Continuing Investing Activities	-35	-31	-34	-26	-21	-28	-116	-62	-51	-44	-51
Purchase of Property, Plant & Equipment	-35	-31	-34	-26	-21	-28	-36	-41	-44	-37	-49
Purchase of Investments	-	-	0.00	-	-	-	-80	-20	-15	-18	-37
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	0.49	4.91	8.25	12	40
Other Investing Activities, net	-	-	-	-	-	-	0.00	-	-	-	-5.00
Net Cash From Financing Activities	-3.34	-0.74	-8.01	-8.08	0.04	-3.15	0.49	2.09	0.15	2.27	-0.61
Net Cash From Continuing Financing Activities	-3.34	-0.74	-8.01	-8.08	0.04	-3.15	0.49	2.09	0.15	2.27	-0.61
Repayment of Debt	-0.00	-0.00	-	-	-	-	0.00	-	-	-	-0.82
Other Financing Activities, net	-0.12	-0.50	-8.01	-8.08	0.04	-3.15	0.49	2.09	0.15	2.27	0.22
Cash Income Taxes Paid	0.09	-0.14	0.81	0.17	0.06	1.49	1.28	0.09	0.18	0.13	0.30

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

Metric	2022	2023	2024	2025
Period end date	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Total Assets	584	984	1,170	1,360
Total Current Assets	58	355	394	431
Cash & Equivalents	39	332	366	283
Short-Term Investments	-	-	0.00	110
Accounts Receivable	7.74	12	13	19
Inventories, net	5.14	5.64	7.60	9.02
Prepaid Expenses	6.15	4.96	7.44	10
Plant, Property, & Equipment, net	243	331	373	458
Total Noncurrent Assets	283	298	403	471
Goodwill	1.94	1.94	1.94	1.94
Intangible Assets	1.38	1.36	1.36	1.78
Noncurrent Deferred & Refundable Income Taxes	-	0.00	72	65
Other Noncurrent Operating Assets	279	295	328	402
Total Liabilities & Shareholders' Equity	584	984	1,170	1,360
Total Liabilities	370	413	474	580
Total Current Liabilities	84	109	133	163
Accounts Payable	14	17	26	37
Accrued Expenses	40	59	70	77
Other Current Liabilities	30	33	37	49
Total Noncurrent Liabilities	286	304	341	418
Other Noncurrent Operating Liabilities	286	304	341	418
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-449	571	696	780
Total Preferred & Common Equity	-449	571	696	780
Total Common Equity	-449	571	696	780
Common Stock	19	1,028	1,047	1,068
Retained Earnings	-461	-448	-317	-254
Treasury Stock	-6.62	-9.73	-34	-34
Accumulated Other Comprehensive Income / (Loss)	-	-	0.00	0.12

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/9/2023	10/1/2023	4/21/2024	7/14/2024	10/6/2024	4/20/2025	7/13/2025	10/5/2025	4/19/2026
Total Assets	970	985	1,005	1,039	1,080	1,228	1,292	1,322	1,423
Total Current Assets	375	364	352	370	393	403	419	425	445
Cash & Equivalents	353	340	329	344	367	289	290	285	296
Short-Term Investments	-	-	-	-	-	80	96	103	107
Accounts Receivable	12	13	12	14	13	16	17	17	21
Inventories, net	5.36	5.73	6.30	7.20	7.34	7.28	7.99	8.58	9.26
Prepaid Expenses	4.53	4.83	4.86	4.93	5.57	11	8.22	12	12
Plant, Property, & Equipment, net	298	316	346	355	363	391	418	439	479
Total Noncurrent Assets	297	305	307	314	323	435	455	458	499
Goodwill	1.94	1.94	1.94	1.94	1.94	1.94	1.94	1.94	1.94
Intangible Assets	1.36	1.36	1.36	1.36	1.36	1.58	1.59	1.79	1.76
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	77	72	66	59
Other Noncurrent Operating Assets	294	302	304	310	320	354	380	388	436
Total Liabilities & Shareholders' Equity	970	985	1,005	1,039	1,080	1,228	1,292	1,322	1,423
Total Liabilities	415	419	424	443	463	502	541	553	613
Total Current Liabilities	115	113	111	124	134	134	154	158	168
Accounts Payable	14	14	19	20	25	26	34	31	33
Accrued Expenses	66	63	54	64	68	64	73	79	81
Other Current Liabilities	34	36	38	40	41	45	47	49	53
Total Noncurrent Liabilities	300	306	313	320	329	368	387	395	445
Other Noncurrent Operating Liabilities	300	306	313	319	329	368	387	395	445
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	556	566	581	595	616	726	751	769	810
Total Preferred & Common Equity	556	566	581	595	616	726	751	769	810
Total Common Equity	556	566	581	595	616	726	751	769	810
Common Stock	1,020	1,024	1,032	1,036	1,040	1,052	1,058	1,062	1,074
Retained Earnings	-457	-450	-434	-414	-396	-292	-273	-259	-230
Treasury Stock	-8.09	-8.19	-18	-27	-28	-34	-34	-34	-34
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-0.07	-0.01	0.13	-0.02

This table displays calculated financial ratios and metrics derived from CAVA Group's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/26/2021	12/25/2022	12/31/2023	12/29/2024	12/28/2025
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	12.81%	29.17%	32.25%	22.41%
EBITDA Growth	0.00%	-234.57%	426.42%	97.21%	24.69%
EBIT Growth	0.00%	-81.27%	108.83%	735.95%	28.36%
NOPAT Growth	0.00%	-13.30%	110.68%	1,999.82%	-46.93%
Net Income Growth	0.00%	-57.76%	122.51%	881.32%	-51.09%
EPS Growth	0.00%	13.02%	100.47%	423.81%	-50.91%
Operating Cash Flow Growth	0.00%	77.95%	1,508.17%	65.83%	14.79%
Free Cash Flow Firm Growth	0.00%	0.00%	72.65%	104.59%	-372.25%
Invested Capital Growth	0.00%	0.00%	36.46%	38.21%	17.36%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	5.50%	4.20%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	8.63%	1.69%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	14.81%	-2.24%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	154.81%	-53.50%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	142.46%	-53.62%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-34.52%	-53.45%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	31.40%	3.76%	5.99%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	70.38%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	32.16%	1.39%
Profitability Metrics	-	-	-	-	-
Gross Margin	40.38%	40.11%	45.00%	44.77%	44.51%
EBITDA Margin	2.40%	-2.86%	7.22%	10.77%	10.97%
Operating Margin	-10.55%	-10.59%	0.65%	4.47%	4.69%
EBIT Margin	-6.49%	-10.43%	0.71%	4.51%	4.73%
Profit (Net Income) Margin	-7.48%	-10.46%	1.82%	13.52%	5.40%
Tax Burden Percent	100.31%	100.16%	94.53%	217.52%	90.03%
Interest Burden Percent	114.82%	100.08%	270.36%	137.93%	126.98%
Effective Tax Rate	0.00%	0.00%	5.47%	-117.52%	9.97%
Return on Invested Capital (ROIC)	0.00%	-47.90%	2.16%	33.04%	13.90%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	39.77%	-2.58%	22.58%	10.22%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-7.28%	1.22%	-12.45%	-5.26%
Return on Equity (ROE)	0.00%	-55.18%	3.39%	20.58%	8.64%
Cash Return on Invested Capital (CROIC)	0.00%	-247.90%	-28.68%	0.96%	-2.07%
Operating Return on Assets (OROA)	0.00%	-10.08%	0.66%	4.03%	4.41%
Return on Assets (ROA)	0.00%	-10.10%	1.69%	12.10%	5.04%
Return on Common Equity (ROCE)	0.00%	115.75%	0.53%	20.58%	8.64%
Return on Equity Simple (ROE_SIMPLE)	0.00%	13.15%	2.33%	18.74%	0.00%
Net Operating Profit after Tax (NOPAT)	-37	-42	4.47	94	50
NOPAT Margin	-7.38%	-7.42%	0.61%	9.73%	4.22%
Net Nonoperating Expense Percent (NNEP)	0.00%	-87.67%	4.74%	10.46%	3.68%
Return On Investment Capital (ROIC_SIMPLE)	-	9.33%	0.78%	13.48%	6.38%
Cost of Revenue to Revenue	59.62%	59.90%	55.00%	55.23%	55.49%
SG&A Expenses to Revenue	12.96%	12.42%	13.93%	12.50%	11.65%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.92%	50.70%	44.35%	40.30%	39.82%
Earnings before Interest and Taxes (EBIT)	-32	-59	5.20	43	56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-16	53	104	129
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	8.55	18.84	8.95
Price to Tangible Book Value (P/TBV)	0.00	0.00	8.60	18.93	8.99
Price to Revenue (P/Rev)	0.64	0.56	6.70	13.60	5.91
Price to Earnings (P/E)	0.00	0.00	367.70	100.56	109.45
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.27%	0.99%	0.91%
Enterprise Value to Invested Capital (EV/IC)	0.00	5.39	19.09	38.67	17.03
Enterprise Value to Revenue (EV/Rev)	0.00	1.67	6.24	13.22	5.58
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	86.47	122.73	50.87
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	875.79	293.27	118.08
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	1,018.79	135.81	132.27
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	155.84	46.86	79.11	35.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	4,682.76	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.18	-0.47	-0.55	-0.51
Leverage Ratio	0.00	2.73	2.00	1.70	1.71
Compound Leverage Factor	0.00	2.73	5.40	2.35	2.18
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	309.77%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-209.77%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	-0.01	7.52	17.42	8.19
Noncontrolling Interest Sharing Ratio	0.00%	309.77%	84.41%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	0.69	3.26	2.97	2.65
Quick Ratio	0.00	0.56	3.16	2.86	2.53
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-217	-59	2.72	-7.41
Operating Cash Flow to CapEx	6.03%	5.80%	69.95%	148.92%	116.47%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.71	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-11.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.97	0.93	0.90	0.93
Accounts Receivable Turnover	0.00	72.93	74.28	77.47	73.77
Inventory Turnover	0.00	65.75	74.38	80.42	78.79
Fixed Asset Turnover	0.00	2.32	2.54	2.74	2.84
Accounts Payable Turnover	0.00	23.61	25.41	24.87	20.76
Days Sales Outstanding (DSO)	0.00	5.00	4.91	4.71	4.95
Days Inventory Outstanding (DIO)	0.00	5.55	4.91	4.54	4.63
Days Payable Outstanding (DPO)	0.00	15.46	14.36	14.68	17.58
Cash Conversion Cycle (CCC)	0.00	-4.90	-4.54	-5.43	-8.00
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	175	238	329	387
Invested Capital Turnover	0.00	6.46	3.53	3.39	3.29
Increase / (Decrease) in Invested Capital	0.00	175	64	91	57
Enterprise Value (EV)	0.00	941	4,551	12,738	6,584
Market Capitalization	318	318	4,883	13,104	6,977
Book Value per Share	$0.00	($337.73)	$5.02	$6.07	$6.72
Tangible Book Value per Share	$0.00	($340.23)	$5.00	$6.04	$6.69
Total Capital	0.00	214	571	696	780
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-39	-332	-366	-393
Capital Expenditures (CapEx)	56	104	139	108	159
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-65	-87	-105	-125
Debt-free Net Working Capital (DFNWC)	0.00	-26	246	262	268
Net Working Capital (NWC)	0.00	-26	246	262	268
Net Nonoperating Expense (NNE)	0.46	17	-8.81	-37	-14
Net Nonoperating Obligations (NNO)	0.00	-39	-332	-366	-393
Total Depreciation and Amortization (D&A)	44	43	47	60	74
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-11.57%	-11.88%	-10.85%	-10.56%
Debt-free Net Working Capital to Revenue	0.00%	-4.64%	33.74%	27.14%	22.75%
Net Working Capital to Revenue	0.00%	-4.64%	33.74%	27.14%	22.75%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.22	$1.14	$0.55
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	60.51M	114.29M	115.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.21	$1.10	$0.54
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	63.45M	118.27M	118.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	114.00M	115.59M	116.38M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-10	30	43	71
Normalized NOPAT Margin	-3.80%	-1.83%	4.08%	4.43%	6.06%
Pre Tax Income Margin	-7.45%	-10.44%	1.93%	6.22%	6.00%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-6.75	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-7.68	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-18.46	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-19.38	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-20.56%	-1.88%	40.54%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from CAVA Group'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	10/1/2023	12/31/2023	4/21/2024	7/14/2024	10/6/2024	12/29/2024	4/20/2025	7/13/2025	10/5/2025	12/28/2025	4/19/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	116,377,765.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	116,377,765.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.20
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.06%	0.00%	27.54%	35.05%	38.89%	28.35%	28.12%	20.18%	19.86%	20.93%	32.08%
EBITDA Growth	815.35%	0.00%	147.22%	80.46%	94.86%	76.20%	37.13%	23.37%	23.37%	11.31%	40.70%
EBIT Growth	124.22%	0.00%	549.04%	175.58%	374.03%	368.44%	68.65%	24.16%	23.69%	-31.25%	64.94%
NOPAT Growth	132.48%	0.00%	676.59%	177.85%	396.91%	3,455.16%	118.30%	-4.32%	-11.54%	-94.35%	-0.14%
Net Income Growth	157.45%	0.00%	753.57%	201.90%	162.93%	3,736.94%	83.71%	-6.96%	-17.92%	-93.74%	-8.33%
EPS Growth	100.67%	0.00%	109.23%	-19.05%	150.00%	-46.77%	83.33%	-5.88%	-20.00%	-93.94%	-9.09%
Operating Cash Flow Growth	290.00%	2,868.23%	49.48%	128.22%	68.91%	24.32%	0.50%	23.33%	4.02%	35.00%	66.07%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	83.36%	95.44%	0.00%	64.81%	-198.70%	-1,081.66%	-7.96%	64.52%
Invested Capital Growth	0.00%	0.00%	0.00%	24.01%	10.63%	38.21%	41.80%	44.99%	52.97%	17.36%	14.04%
Revenue Q/Q Growth	1.54%	0.92%	0.00%	-9.85%	4.42%	-6.74%	45.92%	-15.43%	4.14%	-5.90%	59.38%
EBITDA Q/Q Growth	-12.94%	-25.11%	0.00%	12.32%	-5.99%	-32.28%	91.77%	1.06%	-6.00%	-38.90%	142.40%
EBIT Q/Q Growth	-50.43%	-152.18%	0.00%	73.66%	-14.72%	-70.45%	285.43%	27.85%	-15.05%	-83.58%	824.72%
NOPAT Q/Q Growth	-51.47%	-143.12%	0.00%	75.07%	-13.20%	191.16%	-50.66%	-23.27%	-19.76%	-81.39%	771.38%
Net Income Q/Q Growth	4.50%	-70.01%	0.00%	41.08%	-8.99%	337.60%	-67.30%	-28.55%	-19.71%	-66.63%	378.89%
EPS Q/Q Growth	-71.43%	1,966.67%	0.00%	41.67%	-11.76%	340.00%	-66.67%	-27.27%	-25.00%	-66.67%	400.00%
Operating Cash Flow Q/Q Growth	21.22%	-7.56%	59.86%	27.41%	-10.28%	-31.97%	29.22%	56.36%	-24.33%	-11.70%	58.96%
Free Cash Flow Firm Q/Q Growth	-12.83%	100.00%	0.00%	86.47%	69.09%	-401.49%	-67.87%	-14.81%	-22.27%	54.18%	44.84%
Invested Capital Q/Q Growth	11.02%	5.79%	0.00%	0.00%	-0.96%	32.16%	8.34%	2.25%	4.49%	1.39%	5.27%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.47%	43.35%	45.77%	45.51%	44.72%	42.93%	45.12%	45.67%	44.52%	42.57%	45.42%
EBITDA Margin	8.23%	6.10%	10.29%	12.82%	11.54%	8.38%	11.01%	13.16%	11.88%	7.71%	11.73%
Operating Margin	1.59%	-0.89%	3.57%	6.91%	5.65%	1.74%	4.73%	7.00%	5.86%	1.02%	5.76%
EBIT Margin	1.66%	-0.86%	3.60%	6.94%	5.67%	1.80%	4.74%	7.17%	5.85%	1.02%	5.92%
Profit (Net Income) Margin	3.89%	1.16%	5.40%	8.45%	7.37%	34.57%	7.75%	6.55%	5.05%	1.79%	5.38%
Tax Burden Percent	99.45%	75.86%	98.23%	98.57%	100.32%	1,017.33%	126.30%	77.50%	71.36%	80.95%	78.45%
Interest Burden Percent	235.71%	-177.58%	152.66%	123.60%	129.61%	189.27%	129.34%	117.80%	120.92%	216.57%	115.73%
Effective Tax Rate	0.55%	24.14%	1.77%	1.43%	-0.32%	-917.33%	-26.30%	22.50%	28.64%	19.05%	21.55%
Return on Invested Capital (ROIC)	0.00%	-2.07%	21.88%	25.34%	21.81%	60.03%	20.37%	19.07%	15.01%	2.72%	15.22%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-3.05%	18.90%	24.24%	20.63%	49.04%	18.69%	18.21%	14.34%	2.03%	14.25%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.77%	-10.71%	-14.67%	-12.35%	-27.05%	-9.99%	-9.87%	-7.81%	-1.04%	-7.16%
Return on Equity (ROE)	0.00%	-0.29%	11.17%	10.67%	9.46%	32.98%	10.38%	9.20%	7.20%	1.68%	8.06%
Cash Return on Invested Capital (CROIC)	0.00%	-24.85%	0.00%	0.00%	0.00%	0.96%	0.47%	-1.98%	-7.93%	-2.07%	-0.13%
Operating Return on Assets (OROA)	0.00%	-0.80%	2.81%	5.84%	5.02%	1.61%	4.40%	6.67%	5.51%	0.95%	5.75%
Return on Assets (ROA)	0.00%	1.08%	4.22%	7.11%	6.52%	30.95%	7.19%	6.09%	4.76%	1.67%	5.22%
Return on Common Equity (ROCE)	0.00%	-0.05%	11.17%	10.67%	9.46%	32.98%	10.38%	9.20%	7.20%	1.68%	8.06%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	5.06%	7.16%	8.72%	0.00%	19.56%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	2.78	-1.20	9.09	16	14	40	20	15	12	2.27	20
NOPAT Margin	1.58%	-0.68%	3.51%	6.82%	5.66%	17.69%	5.98%	5.43%	4.18%	0.83%	4.52%
Net Nonoperating Expense Percent (NNEP)	2.38%	0.98%	2.98%	1.10%	1.17%	11.00%	1.68%	0.86%	0.67%	0.70%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.21%	-	-	-	5.78%	2.73%	2.03%	1.59%	0.29%	2.45%
Cost of Revenue to Revenue	54.53%	56.65%	54.23%	54.49%	55.28%	57.07%	54.88%	54.33%	55.48%	57.43%	54.58%
SG&A Expenses to Revenue	13.94%	13.93%	13.07%	12.11%	12.23%	12.55%	12.47%	11.42%	10.78%	11.83%	11.77%
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	43.88%	44.24%	42.20%	38.60%	39.08%	41.19%	40.38%	38.67%	38.66%	41.54%	39.65%
Earnings before Interest and Taxes (EBIT)	2.92	-1.52	9.33	16	14	4.08	16	20	17	2.81	26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	11	27	30	28	19	37	37	35	21	51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.15	8.55	11.67	16.13	23.48	18.84	13.69	14.18	9.58	8.95	13.62
Price to Tangible Book Value (P/TBV)	6.19	8.60	11.74	16.22	23.60	18.93	13.76	14.25	9.63	8.99	13.68
Price to Revenue (P/Rev)	0.00	6.70	8.64	11.37	15.84	13.60	9.59	9.82	6.51	5.91	8.58
Price to Earnings (P/E)	0.00	367.70	230.48	225.43	269.27	100.56	69.99	75.69	53.60	109.45	179.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.27%	0.43%	0.44%	0.37%	0.99%	1.43%	1.32%	1.87%	0.91%	0.56%
Enterprise Value to Invested Capital (EV/IC)	13.93	19.09	25.63	36.80	56.59	38.67	26.82	28.12	18.30	17.03	26.11
Enterprise Value to Revenue (EV/Rev)	0.00	6.24	8.22	10.96	15.44	13.22	9.23	9.47	6.16	5.58	8.26
Enterprise Value to EBITDA (EV/EBITDA)	0.00	86.47	94.16	113.17	147.63	122.73	84.20	85.02	54.84	50.87	73.65
Enterprise Value to EBIT (EV/EBIT)	0.00	875.79	388.44	343.98	372.85	293.27	192.04	190.87	122.37	118.08	161.08
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1,018.79	410.69	358.12	383.22	135.81	89.75	95.78	65.19	132.27	214.17
Enterprise Value to Operating Cash Flow (EV/OCF)	42.47	46.86	58.74	67.47	90.90	79.11	59.37	59.44	40.02	35.62	50.53
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	4,682.76	6,640.46	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.60	-0.58	-0.57	-0.61	-0.60	-0.55	-0.53	-0.54	-0.54	-0.51	-0.50
Leverage Ratio	1.74	2.00	1.73	1.75	1.75	1.70	1.71	1.73	1.73	1.71	1.73
Compound Leverage Factor	4.10	-3.55	2.64	2.16	2.26	3.22	2.21	2.04	2.10	3.71	2.00
Debt 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%
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%	0.00%
Long-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%	0.00%
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	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	7.49	10.08	13.60	19.41	17.31	12.69	12.65	8.86	8.06	11.77
Noncontrolling Interest Sharing Ratio	0.00%	84.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.22	3.26	3.16	2.99	2.93	2.97	3.00	2.72	2.69	2.65	2.65
Quick Ratio	3.13	3.16	3.06	2.89	2.83	2.86	2.87	2.62	2.56	2.53	2.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-223	0.00	-243	-33	-10	-51	-85	-98	-120	-55	-30
Operating Cash Flow to CapEx	74.04%	76.86%	113.95%	186.71%	213.97%	107.61%	107.53%	146.69%	103.10%	107.66%	131.87%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.93	0.78	0.84	0.88	0.90	0.93	0.93	0.94	0.93	0.97
Accounts Receivable Turnover	0.00	74.28	66.88	65.61	70.56	77.47	74.98	71.23	74.45	73.77	70.24
Inventory Turnover	0.00	74.38	68.21	73.90	77.00	80.42	84.50	78.89	78.73	78.79	86.07
Fixed Asset Turnover	0.00	2.54	2.27	2.59	2.69	2.74	2.82	2.80	2.82	2.84	2.96
Accounts Payable Turnover	0.00	25.41	22.22	26.85	25.85	24.87	25.32	22.20	22.20	20.76	24.00
Days Sales Outstanding (DSO)	0.00	4.91	5.46	5.56	5.17	4.71	4.87	5.12	4.90	4.95	5.20
Days Inventory Outstanding (DIO)	0.00	4.91	5.35	4.94	4.74	4.54	4.32	4.63	4.64	4.63	4.24
Days Payable Outstanding (DPO)	0.00	14.36	16.43	13.60	14.12	14.68	14.42	16.44	16.44	17.58	15.21
Cash Conversion Cycle (CCC)	0.00	-4.54	-5.62	-3.09	-4.21	-5.43	-5.23	-6.69	-6.90	-8.00	-5.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	225	238	252	252	249	329	357	365	381	387	407
Invested Capital Turnover	0.00	3.06	6.23	3.72	3.85	3.39	3.41	3.51	3.59	3.29	3.37
Increase / (Decrease) in Invested Capital	225	0.00	252	49	24	91	105	113	132	57	50
Enterprise Value (EV)	3,139	4,551	6,450	9,263	14,106	12,738	9,572	10,261	6,979	6,584	10,627
Market Capitalization	3,479	4,883	6,779	9,607	14,473	13,104	9,941	10,647	7,367	6,977	11,030
Book Value per Share	$4.98	$5.02	$5.10	$5.22	$5.39	$6.07	$6.28	$6.49	$6.63	$6.72	$6.96
Tangible Book Value per Share	$4.95	$5.00	$5.07	$5.19	$5.36	$6.04	$6.25	$6.46	$6.60	$6.69	$6.93
Total Capital	566	571	581	595	616	696	726	751	769	780	810
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-340	-332	-329	-344	-367	-366	-369	-386	-388	-393	-403
Capital Expenditures (CapEx)	35	31	34	26	21	28	36	41	44	37	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-90	-87	-88	-98	-108	-105	-101	-121	-121	-125	-126
Debt-free Net Working Capital (DFNWC)	251	246	241	246	259	262	269	265	267	268	277
Net Working Capital (NWC)	251	246	241	246	259	262	269	265	267	268	277
Net Nonoperating Expense (NNE)	-4.05	-3.25	-4.90	-3.83	-4.15	-38	-5.87	-3.14	-2.53	-2.65	-3.75
Net Nonoperating Obligations (NNO)	-340	-332	-329	-344	-367	-366	-369	-386	-388	-393	-403
Total Depreciation and Amortization (D&A)	12	12	17	14	14	15	21	17	18	18	25
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-11.88%	-11.27%	-11.55%	-11.86%	-10.85%	-9.70%	-11.16%	-10.68%	-10.56%	-9.78%
Debt-free Net Working Capital to Revenue	0.00%	33.74%	30.68%	29.12%	28.33%	27.14%	25.93%	24.44%	23.57%	22.75%	21.55%
Net Working Capital to Revenue	0.00%	33.74%	30.68%	29.12%	28.33%	27.14%	25.93%	24.44%	23.57%	22.75%	21.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	$1.23	$0.12	$0.17	$0.16	$0.69	$0.22	$0.16	$0.13	$0.04	$0.20
Adjusted Weighted Average Basic Shares Outstanding	113.58M	60.51M	113.97M	114.13M	114.43M	114.29M	115.53M	115.78M	115.96M	115.80M	116.34M
Adjusted Diluted Earnings per Share	$0.06	$1.24	$0.12	$0.17	$0.15	$0.66	$0.22	$0.16	$0.12	$0.04	$0.20
Adjusted Weighted Average Diluted Shares Outstanding	117.71M	63.45M	117.94M	118.29M	118.43M	118.27M	118.44M	118.33M	118.27M	118.28M	118.32M
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	113.61M	114.00M	114.03M	114.32M	114.58M	115.59M	115.66M	115.95M	115.99M	116.38M	116.47M
Normalized Net Operating Profit after Tax (NOPAT)	8.44	2.16	14	20	13	5.54	15	20	17	6.83	27
Normalized NOPAT Margin	4.81%	1.22%	5.39%	8.59%	5.31%	2.43%	4.61%	7.13%	5.67%	2.48%	6.11%
Pre Tax Income Margin	3.91%	1.52%	5.50%	8.58%	7.35%	3.40%	6.13%	8.45%	7.07%	2.21%	6.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	40.54%	24.07%	15.42%	6.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from CAVA Group (NYSE:CAVA) using the latest quarterly data across the last four years. The focus is on trends in revenue, margins, cash flow, and balance-sheet strength that may inform retail investors.

Q1 2025 revenue rose about 28% year-over-year to $331.8 million, up from $259.0 million in Q1 2024.
Q2 2025 revenue rose about 20% year-over-year to $280.6 million, up from $233.5 million in Q2 2024.
Q3 2025 revenue rose about 20% year-over-year to $292.2 million, up from $243.8 million in Q3 2024.
Q4 2025 revenue rose about 21% year-over-year to $274.99 million, up from $227.40 million in Q4 2024.
Gross margin remained in the 42–45% range in 2025 (for example, Q4 2025 gross margin ~42.6% and Q3 2025 ~44.5%), indicating pricing power and disciplined cost-of-revenue management.
Operating cash flow stayed positive across 2025, with quarterly cash from continuing operations: Q2 2025 ~ $60.3M, Q3 2025 ~ $45.6M, Q4 2025 ~ $40.3M (and Q1 2025 ~ $38.6M), suggesting solid cash-generating ability.
Liquidity remains solid, with mid-2025 total current assets around $418–$425M and total current liabilities around $158M, yielding a healthy current ratio of roughly 2.6–2.7. The balance sheet also shows a robust equity base (Total Common Equity near $726–$769M in 2024–2025).
Q4 2025 net income attributable to common shareholders fell to about $4.92M from roughly $7.87M in Q4 2024, indicating quarter-to-quarter volatility in profitability.
Total liabilities rose to about $553M in Q3 2025 from about $463M in Q3 2024, implying higher leverage and potentially higher financing costs going forward.

05/27/26 06:15 AM ETAI Generated. May Contain Errors.

CAVA Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CAVA Group's fiscal year ends in December. Their fiscal year 2025 ended on December 28, 2025.

CAVA Group's net income appears to be on an upward trend, with a most recent value of $63.74 million in 2025, falling from -$37.39 million in 2021. The previous period was $130.32 million in 2024. Check out CAVA Group's forecast to explore projected trends and price targets.

CAVA Group's total operating income in 2025 was $55.29 million, based on the following breakdown:

Total Gross Profit: $525.03 million
Total Operating Expenses: $469.74 million

Over the last 4 years, CAVA Group's total revenue changed from $500.07 million in 2021 to $1.18 billion in 2025, a change of 135.9%.

CAVA Group's total liabilities were at $580.37 million at the end of 2025, a 22.4% increase from 2024, and a 56.8% increase since 2022.

In the past 3 years, CAVA Group's cash and equivalents has ranged from $39.13 million in 2022 to $366.12 million in 2024, and is currently $282.92 million as of their latest financial filing in 2025.

Over the last 4 years, CAVA Group's book value per share changed from 0.00 in 2021 to 6.72 in 2025, a change of 672.2%.

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Financial statements for NYSE:CAVA last updated on 5/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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CAVA Group (CAVA) Financials

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CAVA Group (CAVA) Financials

Annual Income Statements for CAVA Group

Quarterly Income Statements for CAVA Group

Annual Cash Flow Statements for CAVA Group

Quarterly Cash Flow Statements for CAVA Group

Annual Balance Sheets for CAVA Group

Quarterly Balance Sheets for CAVA Group

Annual Metrics And Ratios for CAVA Group

Quarterly Metrics And Ratios for CAVA Group

Financials Breakdown Chart

Key Financial Trends

CAVA Group Financials - Frequently Asked Questions

When does CAVA Group's financial year end?

How has CAVA Group's net income changed over the last 4 years?

What is CAVA Group's operating income?

How has CAVA Group's revenue changed over the last 4 years?

How much debt does CAVA Group have?

How much cash does CAVA Group have?

How has CAVA Group's book value per share changed over the last 4 years?

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