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The Cheesecake Factory Incorporated operates and licenses restaurants in the United States and Canada. It operates bakeries that produce cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company operates restaurants under the brands comprising The Cheesecake Factory, North Italia, Flower Child, and Fox Restaurant Concepts. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.8B | $282M | $148M | $154M | 34.0% | 4.7% | -5.3% |
| 2024 | $3.6B | $283M | $157M | $107M | 35.4% | 4.1% | 54.7% |
| 2023 | $3.4B | $203M | $101M | $65M | 31.9% | 4.1% | 135.0% |
| 2022 | $3.3B | $133M | $43M | $49M | 14.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,303.16 | 3,439.50 | 3,581.70 | 3,751.81 |
| Cost Of Revenue | - | 2,022.88 | 2,031.40 | 2,070.40 | 2,126.04 |
| Gross Profit | - | 1,280.28 | 1,408.11 | 1,511.30 | 1,625.76 |
| Operating Expense | - | 1,179.76 | 1,233.01 | 1,289.41 | 1,367.96 |
| Operating Income | - | 100.52 | 175.10 | 221.89 | 257.80 |
| EBITDA | - | 132.76 | 203.31 | 282.60 | 282.37 |
| EBIT | - | 40.38 | 110.17 | 181.15 | 173.34 |
| Pretax Income | - | 32.89 | 100.01 | 171.05 | 162.90 |
| Tax Provision | - | -10.23 | -1.34 | 14.26 | 14.47 |
| Net Income | - | 43.12 | 101.35 | 156.78 | 148.43 |
| Net Income Common Stockholders | - | 43.12 | 101.35 | 156.78 | 148.43 |
| Total Expenses | - | 3,202.64 | 3,264.41 | 3,359.81 | 3,494 |
| Interest Expense | - | 7.49 | 10.16 | 10.11 | 10.45 |
| Selling General And Administration | - | 205.75 | 217.45 | 228.74 | 244.92 |
| Normalized EBITDA | - | 194.34 | 269.84 | 326.18 | 368.78 |
| Normalized Income | - | 91.77 | 153.91 | 196.74 | 227.15 |
| Market Cap | 3,077.30 | 3,077.30 | 3,077.30 | 3,077.30 | 3,077.30 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| The Cheesecake Factory Incorporatedthis co. | CAKE | - | 20.73 | 7.05 | 34.0% | 17.68 |
| The Buckle, Inc. | BKE | $2.8B | 13.79 | 6.81 | 49.4% | 10.55 |
| Steven Madden, Ltd. | SHOO | $2.7B | 63.10 | 3.25 | 5.2% | 25.85 |
| OneSpaWorld Holdings Limited | OSW | $2.5B | 34.20 | 4.51 | 13.2% | 23.59 |
| Versigent PLC | VGNT | $2.5B |
| 2021 | - | - | - | - | - | - | - |
| 5.04 |
| 1.50 |
| 29.8% |
| 2.76 |
| Sonic Automotive, Inc. | SAH | $2.4B | 20.32 | 2.26 | 11.1% | 12.63 |
| Mister Car Wash, Inc. | MCW | $2.3B | 22.53 | 2.05 | 9.1% | 14.11 |
| HNI Corporation | HNI | $1.8B | 50.08 | 1.48 | 3.0% | 17.55 |
| CarGurus, Inc. | CARG | $1.6B | 21.76 | 9.07 | 41.7% | 12.42 |
| Peer Median | - | 22.15 | 2.76 | 12.2% | 13.37 | |