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NASDAQ · RETAIL-EATING PLACES · LARGE CAP

Cheesecake Factory Inc. CAKE

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.8B
▲ 4.7% YoY
$148.4M
▼ 5.3% YoY
$155.1M
▲ 43.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of February 23, 2026, The Cheesecake Factory Incorporated owned and operated 368 restaurants throughout the United States and Canada under brands including The Cheesecake Factory (216 locations), North Italia (48 locations), Flower Child (43 locations) and additional brands within its Fox Restaurant Concepts ("Other FRC") portfolio (55 locations). Internationally, 35 The Cheesecake Factory restaurants operate under licensing agreements, and the company's bakery division operates two facilities that produce cheesecakes and other baked products for its restaurants, international licensees and third-party bakery customers. Its executive offices are located in Calabasas Hills, California. As of December 30, 2025, it employed approximately 48,400 people, with approximately 47,075 in its restaurants and the remainder in its corporate support center, FRC headquarters and bakery facilities. North Italia offers Italian cooking in the upscale casual dining segment. Flower Child operates in the fast casual dining segment, offering a customizable menu made from scratch and featuring locally-sourced, all-natural and organic ingredients. The company's business originated in 1972 when Oscar and Evelyn Overton founded a small bakery in the Los Angeles area, and in 1992 it was incorporated in Delaware as The Cheesecake Factory Incorporated.

Written from the business description in THE CHEESECAKE FACTORY INCORPORATED's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 3.8B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.8 · Net income 0.1
2B3B
2008201120142017202020232025
Compound annual growth
+4.3%
+13.6%
+6.0%
+5.6%
+51.0%
+52.7%
+2.9%
+5.6%
+10.1%
+24.6%
+4.0%
+19.9%
+57.4%
+4.5%
+15.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +13.6% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

4 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.0% · Net 4.0%
5%-5%-10%-15%
200820162025
ROE
FY2025 · ROE 33.7%
20%40%-20%-40%
200820162025
Three returns, three denominators.

Each USD of equity produced 34 cents of profit this year.

Cash & shareholders

USD 181.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 155.1
100M200M-20M-40M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 52.2 · Net buybacks 129.3
100M200M-100M-200MDividendsNet buybacks
200820112013201520172019202120232025

USD 52.2M in dividends and USD 129.3M in buybacks — 122% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.3B
EquityUSD 436.4M
CashUSD 215.7M
Gross debtUSD 630.1M
Net debtUSD 414.3M
Current ratio0.59×

Net debt stands at 95% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CAKE, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B3.83.63.43.32.92.02.52.32.32.32.12.01.91.81.81.71.61.6
Operating income $B0.20.20.10.00.1−0.30.10.10.20.20.20.10.20.10.10.10.10.1
EBITDA $B0.30.30.20.10.2−0.30.20.20.20.30.30.20.20.20.20.20.10.2
Income tax $B0.00.0−0.0−0.0−0.0−0.10.00.0−0.00.10.00.00.00.00.00.00.00.0
Net income $B0.10.20.10.00.1−0.30.10.10.20.10.10.10.10.10.10.10.00.1
Free cash flow $B0.20.10.10.00.1−0.00.10.20.10.20.10.10.10.10.10.10.20.1
EPS, diluted $3.063.202.070.861.01−6.322.862.143.272.832.301.962.101.781.641.350.710.82
Dividend / sh $1.081.081.080.810.360.361.381.241.061.060.730.610.520.24◌◌◌◌
Payout %353452980−64857◌◌◌◌◌◌————
ROE %33.741.233.213.923.4−58.922.316.7◌◌◌◌◌◌◌14.78.811.6
Shares out B0.050.050.050.05◌◌◌◌◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Eating Places
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 30
Data on record since2008

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