CAKENasdaqRetail-Eating PlacesFiscal year ends December 30
CHEESECAKE FACTORY INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$116.18+1.26 (+1.10%)
Close on Oct 19, 2026
- Market cap
- $5.63B
- P/E (TTM)
- 31.5
- Dividend yield
- 0.93%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
5.0%+22.5 pts over 5 years
Net margin
4.0%+16.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.7% | +4.3% | +13.6% | +6.0% | |
| Operating income | +5.0% | +68.8% | – | +1.3% | |
| Net income | -5.3% | +51.0% | – | – | |
| EPS, diluted | -4.4% | +52.7% | – | +2.9% | |
| Free cash flow | +43.6% | +46.4% | – | +5.2% | |
| Dividend per share | 0.0% | +10.1% | +24.6% | +4.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -58.9% | 33.7% | |
| Return on assets | – | -9.1% | 4.7% | |
| Current ratio | 0.59 | 0.58 | 0.59 | |
| Debt to equity | – | 0.97 | 1.44 | |
| Net debt to EBITDA | – | -0.49× | 1.40× | |
| Inventory turnover | 15.3× | 10.6× | – | |
| Capex to revenue | 5.1% | 2.5% | 3.9% | |
| Diluted shares | 49M | 44M | 49M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cheesecake Factory generated $1.16B from operations and spent $1.13B on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$1.16B
Used
$1.13B
Capital expenditure$637.54M57%Dividends$201.05M18%Share buybacks$287.11M26%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.0%
×Asset turnover1.19×
×Equity multiplier7.16×
=Return on equity, FY202533.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.0% | 1.19× | 7.16× | 33.7% |
| FY2024 | 4.4% | 1.22× | 7.72× | 41.2% |
| FY2023 | 2.9% | 1.22× | 9.20× | 33.2% |
| FY2022 | 1.3% | 1.19× | 8.96× | 13.9% |
| FY2021 | 2.5% | 1.06× | 8.96× | 23.4% |
| FY2020 | -12.8% | 0.71× | 6.49× | -58.9% |
| FY2019 | 5.1% | 1.20× | 3.64× | 22.3% |
| FY2018 | 4.2% | 1.76× | 2.23× | 16.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$148.43M
- Cash generatingOperating cash flow above zero$301.28M
- Return on assets improvedROA up on the prior year5.5% → 4.9%
- Earnings backed by cashOperating cash flow above net income$301.28M vs $148.43M
- Less leverageLong-term debt to assets fell14.9% → 17.2%
- Better liquidityCurrent ratio rose0.47 → 0.59
- No dilutionShare count did not rise49M → 49M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.26 → 1.23