CAVANYSERetail-Eating PlacesFiscal year ends December 27
CAVA GROUP, INC.
Financials through Q2 FY2026, quarter ended Jul 12, 2026Last filing: 10-Q on Aug 12, 2026
$57.90+0.65 (+1.14%)
Close on Oct 19, 2026
- Market cap
- $6.85B
- P/E (TTM)
- 105.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
24.6%
Operating margin
4.7%
Net margin
5.4%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.4% | +27.9% | – | – | |
| Gross profit | +20.1% | +43.7% | – | – | |
| Operating income | +28.2% | – | – | – | |
| Net income | -51.1% | – | – | – | |
| EPS, diluted | -50.9% | – | – | – | |
| Free cash flow | -50.6% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 8.6% | |
| Return on assets | – | – | 5.0% | |
| Current ratio | – | – | 2.65 | |
| Inventory turnover | – | – | 107.0× | |
| Capex to revenue | – | – | 13.5% | |
| Diluted shares | – | – | 118M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CAVA generated $452.40M from operations and spent $577.81M on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
$452.40M
Used
$577.81M
Capital expenditure$566.11M98%Dividends$00%Share buybacks$11.71M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.4%
×Asset turnover0.93×
×Equity multiplier1.71×
=Return on equity, FY20258.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 5.4% | 0.93× | 1.71× | 8.6% |
| FY2024 | 13.5% | 0.90× | 1.70× | 20.6% |
| FY2023 | 1.8% | 0.93× | 12.82× | 21.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$63.74M
- Cash generatingOperating cash flow above zero$184.84M
- Return on assets improvedROA up on the prior year13.2% → 5.4%
- Earnings backed by cashOperating cash flow above net income$184.84M vs $63.74M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.97 → 2.65
- No dilutionShare count did not rise118M → 118M
- Gross margin improvedGross margin up on the prior year25.09% → 24.62%
- More efficientAsset turnover rose0.98 → 1.01