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CAKEThe Cheesecake Factory Incorporated
$77.74$3.9B
Overview & Verdict
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CAKE logoThe Cheesecake Factory Incorporated(CAKE)Earnings, Financials & Key Ratios

CAKE•NASDAQ
$77.74
25.3× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryRestaurantsSub-IndustryCasual and Family Dining Chains
AboutThe Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.Show more
  • Revenue$3.75B+4.7%
  • EBITDA$296M+5.9%
  • Net Income$148M-5.3%
  • EPS (Diluted)3.07-4.1%
  • Gross Margin78.33%+1.1%
  • EBITDA Margin7.9%+1.1%
  • Operating Margin4.99%+0.3%
  • Net Margin3.96%-9.6%
  • ROE33.74%-18.1%

CAKE Price & Volume

The Cheesecake Factory Incorporated (CAKE) stock price & volume — 10-year historical chart

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Structural Margin Volatility Masks Persistent Leverage Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Stable
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:High leverage and liquidity

Key Thesis Takeaways

  • The Cheesecake Factory demonstrates consistent revenue growth, evidenced by a 5.6% year-over-year increase in 2026Q1, yet its high-complexity, scratch-kitchen model faces significant margin pressure and structural overhead.
  • While the company maintains a multi-brand strategy to drive top-line expansion, the persistent reliance on debt—highlighted by a 4.66 debt-to-equity ratio—and tight liquidity buffers suggest limited operational flexibility.
  • Investors should monitor the company's ability to manage labor-intensive costs and capital reinvestment requirements, which frequently exceed 4% of revenue, against the backdrop of a strained balance sheet.

Verdict Logic

while the company shows consistent revenue growth of 5.6%, the combination of a 4.66 debt-to-equity ratio and thin 5.6% operating margins warrants caution regarding long-term solvency and profitability.

CAKE Growth Metrics

The Cheesecake Factory Incorporated (CAKE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.97%
5 Years13.6%
3 Years4.34%
TTM5.13%

Profit CAGR

10 Years2.45%
5 Years-
3 Years50.99%
TTM5.43%

EPS CAGR

10 Years2.93%
5 Years-
3 Years52.83%
TTM6.88%

Return on Capital

10 Years6.9%
5 Years5.27%
3 Years6.91%
Last Year7.78%

CAKE Recent Earnings

The Cheesecake Factory Incorporated (CAKE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 29, 2026
Metric
Actual
Est
EPS
$1.05+1.9%
$1.03
Rev
$979M+1.5%
$965M
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$1.00+2.0%
$0.98
Rev
$962M+1.3%
$949M
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$0.68+13.3%
$0.60
Rev
$907M-4.4%
$949M
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$1.16+9.4%
$1.06
Rev
$956M+4.8%
$912M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$1.05vs $1.03+1.9%
$979Mvs $965M+1.5%
Q1 2026Feb 18, 2026
$1.00vs $0.98+2.0%
$962Mvs $949M+1.3%
Q4 2025Oct 28, 2025
$0.68vs $0.60+13.3%
$907Mvs $949M-4.4%
Q3 2025Jul 29, 2025
$1.16vs $1.06+9.4%
$956Mvs $912M+4.8%
Based on last 12 quarters of dataView full earnings history →

Latest CAKE News

Recent stock market news and headlines for The Cheesecake Factory Incorporated (CAKE)

Business Wire·Jun 26, 2026
The Cheesecake Factory Celebrates National Cheesecake Day on July 30 With Any Slice, Half Price for All Dine-in Guests and a Decadent New Flavor

CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory® is celebrating its favorite holiday – National Cheesecake Day – by offering all dine-in guests any slice of its more than 30 legendary flavors of cheesecake for half price on Thursday, July 30*. The Cheesecake Factory will also introduce its newest flavor on National Cheesecake Day: Brownie Crunch Choc-a-Lot Cheesecake – creamy milk and white chocolate marbled cheesecake on a rich, crunchie toffee brownie. For every slice of Brow.

Seeking Alpha·Jun 24, 2026
Cheesecake Factory: Rebounding Comps In A Tough Environment (Upgrade)

Cheesecake Factory is upgraded to "Buy" after a robust Q1 and ~50% YTD rally, driven by positive comps and disciplined expansion. CAKE's differentiated large-format model and $12 million AUVs support a long-term TAM of $8.5 billion versus $3.2 billion current sales. Carryout sales now comprise 22% of revenue, and margin performance remains strong despite inflationary pressures and sector volatility.

MarketBeat·Jun 23, 2026
Cheesecake Factory Stock Is Up Over 50%—Is There Room for More CAKE?

Cheesecake Factory TodayCAKECheesecake Factory$77.05 +0.14 (+0.18%) As of 04:00 PM Eastern52-Week Range$43.07▼$78.87Dividend Yield1.56%P/E Ratio22.53Price Target$64.94Add to WatchlistIn a year when many casual dining restaurants are struggling to lure customers, Cheesecake Factory Inc. NASDAQ: CAKE is defying this trend with exceptional earnings and a stock up more than 50% year-to-date (YTD).

Zacks Investment Research·Jun 22, 2026
Why Cheesecake Factory (CAKE) is a Top Growth Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

MarketBeat·Jun 22, 2026
Cheesecake Factory Stock Is Up Over 50%—Is There Room for More CAKE?

Cheesecake Factory TodayCAKECheesecake Factory$77.19 0.00 (0.00%) As of 06/18/2026 04:00 PM Eastern52-Week Range$43.07▼$78.87Dividend Yield1.55%P/E Ratio22.57Price Target$64.94Add to WatchlistIn a year when many casual dining restaurants are struggling to lure customers, Cheesecake Factory Inc. NASDAQ: CAKE is defying this trend with exceptional earnings and a stock up more than 50% year-to-date (YTD).

Peers Comparison

Key metrics vs top competitors for The Cheesecake Factory Incorporated (CAKE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CAKE logoCAKEThe Cheesecake Factory IncorporatedCurrent
$77.74$3.86B25.324.75%3.96%33.74%1.39%
DRI logoDRIDarden Restaurants, Inc.
$204.50$23.42B19.689.39%9.13%56.01%—
TXRH logoTXRHTexas Roadhouse, Inc.
$187.03$12.29B30.669.39%6.85%27.87%—
BLMN logoBLMNBloomin' Brands, Inc.
$7.98$680.12M126.470.14%0.55%5.85%—
EAT logoEATBrinker International, Inc.
$175.30$7.52B21.0721.95%8.07%123.43%—
DENN logoDENNDenny's Corporation
$6.25$321.87M15.24-2.5%2.24%——

Compare CAKE vs Peers

The Cheesecake Factory Incorporated (CAKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DRI

Most directly comparable listed peer for CAKE.

Scale Benchmark

vs MCD

Larger-name benchmark to compare CAKE against a more recognizable public peer.

Peer Set

Compare Top 5

vs DRI, TXRH, BLMN, EAT

CAKE SEC Filings & Documents

The Cheesecake Factory Incorporated (CAKE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Mar 31, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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CAKE Frequently Asked Questions

The Cheesecake Factory Incorporated (CAKE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The Cheesecake Factory Incorporated's revenue?

The Cheesecake Factory Incorporated (CAKE) reported $3.80B in revenue for fiscal year 2025. This represents a 2273% increase from $160.3M in 1996.

How fast is The Cheesecake Factory Incorporated growing?

The Cheesecake Factory Incorporated (CAKE) grew revenue by 4.7% over the past year. Growth has been modest.

Is CAKE profitable?

Yes, The Cheesecake Factory Incorporated (CAKE) is profitable, generating $165.0M in net income for fiscal year 2025 (4.0% net margin).

Dividend & Returns
Does CAKE pay dividends?

Yes, The Cheesecake Factory Incorporated (CAKE) pays a dividend with a yield of 1.39%. This makes it attractive for income-focused investors.

What is CAKE's return on equity?

The Cheesecake Factory Incorporated (CAKE) has a return on equity (ROE) of 33.7%. This is excellent, indicating efficient use of shareholder capital.

What is The Cheesecake Factory Incorporated's free cash flow?

The Cheesecake Factory Incorporated (CAKE) generated $171.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CAKE back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →