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Stocks · Consumer discretionary · Retail-Eating Places

CHEESECAKE FACTORY INC

CAKE Clue Score45
United States Fiscal year ends December CIK 0000887596
$108.45 +1.44% Close, 9 Oct 2026
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Price $108.45 +139.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,275.7Operating income201.0EPS, diluted2.83Fiscal year 2018Revenue2,260.5 −0.7%Operating income152.8EPS, diluted3.27 +15.5%Fiscal year 2019Revenue2,332.3 +3.2%Operating income118.9Net income99.0EPS, diluted2.14 −34.6%Fiscal year 2019Revenue2,482.7 +6.4%Operating income103.6Net income127.3 +28.5%EPS, diluted2.86 +33.6%Fiscal year 2020Revenue1,983.2 −20.1%Operating income−347.4Net income−253.4 −299.0%EPS, diluted−6.32 −321.0%Fiscal year 2021Revenue2,927.5 +47.6%Operating income82.3Net income72.4EPS, diluted1.01Fiscal year 2023Revenue3,303.2 +12.8%Operating income38.9Net income43.1 −40.4%EPS, diluted0.86 −14.9%Fiscal year 2024Revenue3,439.5 +4.1%Operating income108.6Net income101.4 +135.0%EPS, diluted2.07 +140.7%Fiscal year 2024Revenue3,581.7 +4.1%Operating income178.3Net income156.8 +54.7%EPS, diluted3.20 +54.6%Fiscal year 2025Revenue3,751.8 +4.7%Operating income187.3Net income148.4 −5.3%EPS, diluted3.06 −4.4%
FY2017FY2018FY2019FY2019FY2020FY2021FY2023FY2024FY2024FY2025
Revenue 2,275.7 2,260.5 2,332.3 2,482.7 1,983.2 2,927.5 3,303.2 3,439.5 3,581.7 3,751.8
Growth −0.7% +3.2% +6.4% −20.1% +47.6% +12.8% +4.1% +4.1% +4.7%
Operating income 201.0 152.8 118.9 103.6 −347.4 82.3 38.9 108.6 178.3 187.3
Net income n/a n/a 99.0 127.3 −253.4 72.4 43.1 101.4 156.8 148.4
Growth +28.5% −299.0% −40.4% +135.0% +54.7% −5.3%
EPS, diluted 2.83 3.27 2.14 2.86 −6.32 1.01 0.86 2.07 3.20 3.06
Growth +15.5% −34.6% +33.6% −321.0% −14.9% +140.7% +54.6% −4.4%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin8.8%Free cash flow margin8.8%Fiscal year 2018Operating margin6.8%Free cash flow margin5.2%Fiscal year 2019Operating margin5.1%Net margin4.2%Free cash flow margin8.1%Fiscal year 2019Operating margin4.2%Net margin5.1%Free cash flow margin5.8%Fiscal year 2020Operating margin−17.5%Net margin−12.8%Free cash flow margin−2.4%Fiscal year 2021Operating margin2.8%Net margin2.5%Free cash flow margin5.0%Fiscal year 2023Operating margin1.2%Net margin1.3%Free cash flow margin1.5%Fiscal year 2024Operating margin3.2%Net margin2.9%Free cash flow margin1.9%Fiscal year 2024Operating margin5.0%Net margin4.4%Free cash flow margin3.0%Fiscal year 2025Operating margin5.0%Net margin4.0%Free cash flow margin4.1%
FY2017FY2018FY2019FY2019FY2020FY2021FY2023FY2024FY2024FY2025
Operating margin 8.8% 6.8% 5.1% 4.2% −17.5% 2.8% 1.2% 3.2% 5.0% 5.0%
Net margin n/a n/a 4.2% 5.1% −12.8% 2.5% 1.3% 2.9% 4.4% 4.0%
Free cash flow margin 8.8% 5.2% 8.1% 5.8% −2.4% 5.0% 1.5% 1.9% 3.0% 4.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow316.4Capital expenditure−115.8Free cash flow200.6Buybacks−146.5Dividends paid−42.4Fiscal year 2018Operating cash flow238.8Capital expenditure−120.8Free cash flow118.0 −41.2%Buybacks−123.0Dividends paid−49.9Fiscal year 2019Operating cash flow291.3Capital expenditure−102.9Free cash flow188.4 +59.6%Buybacks−109.3Dividends paid−56.3Fiscal year 2019Operating cash flow218.8Capital expenditure−73.8Free cash flow145.0 −23.0%Buybacks−51.0Dividends paid−60.7Fiscal year 2020Operating cash flow2.9Capital expenditure−50.3Free cash flow−47.4 −132.7%Buybacks−3.6Dividends paid−15.8Fiscal year 2021Operating cash flow213.0Capital expenditure−66.9Free cash flow146.1Buybacks−5.8Dividends paid−0.3Fiscal year 2023Operating cash flow161.9Capital expenditure−112.5Free cash flow49.5 −66.1%Buybacks−63.1Dividends paid−42.3Fiscal year 2024Operating cash flow218.4Capital expenditure−151.6Free cash flow66.8 +35.1%Buybacks−46.1Dividends paid−53.2Fiscal year 2024Operating cash flow268.3Capital expenditure−160.4Free cash flow108.0 +61.5%Buybacks−18.2Dividends paid−53.0Fiscal year 2025Operating cash flow301.3Capital expenditure−146.2Free cash flow155.1 +43.6%Buybacks−153.9Dividends paid−52.2
FY2017FY2018FY2019FY2019FY2020FY2021FY2023FY2024FY2024FY2025
Operating cash flow 316.4 238.8 291.3 218.8 2.9 213.0 161.9 218.4 268.3 301.3
Capital expenditure −115.8 −120.8 −102.9 −73.8 −50.3 −66.9 −112.5 −151.6 −160.4 −146.2
Free cash flow 200.6 118.0 188.4 145.0 −47.4 146.1 49.5 66.8 108.0 155.1
Growth −41.2% +59.6% −23.0% −132.7% −66.1% +35.1% +61.5% +43.6%
Buybacks −146.5 −123.0 −109.3 −51.0 −3.6 −5.8 −63.1 −46.1 −18.2 −153.9
Dividends paid −42.4 −49.9 −56.3 −60.7 −15.8 −0.3 −42.3 −53.2 −53.0 −52.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash53.8Shareholders’ equity603.2Fiscal year 2018Cash6.0Total debt10.0Net cash (debt)−4.0Shareholders’ equity613.5Debt to equity0.02Fiscal year 2019Cash26.6Total debt10.0Net cash (debt)16.6Shareholders’ equity571.1Debt to equity0.02Fiscal year 2019Cash58.4Total debt290.0Net cash (debt)−231.6Shareholders’ equity571.7Debt to equity0.51Fiscal year 2020Cash154.1Total debt280.0Net cash (debt)−125.9Shareholders’ equity288.7Debt to equity0.97Fiscal year 2021Cash189.6Total debt466.0Net cash (debt)−276.4Shareholders’ equity330.2Debt to equity1.41Fiscal year 2023Cash114.8Total debt468.0Net cash (debt)−353.3Shareholders’ equity292.0Debt to equity1.60Fiscal year 2024Cash56.3Total debt470.0Net cash (debt)−413.8Shareholders’ equity318.1Debt to equity1.48Fiscal year 2024Cash84.2Total debt452.1Net cash (debt)−367.9Shareholders’ equity443.5Debt to equity1.02Fiscal year 2025Cash215.7Total debt630.1Net cash (debt)−414.3Shareholders’ equity436.4Debt to equity1.44
FY2017FY2018FY2019FY2019FY2020FY2021FY2023FY2024FY2024FY2025
Cash 53.8 6.0 26.6 58.4 154.1 189.6 114.8 56.3 84.2 215.7
Total debt n/a 10.0 10.0 290.0 280.0 466.0 468.0 470.0 452.1 630.1
Net cash (debt) n/a −4.0 16.6 −231.6 −125.9 −276.4 −353.3 −413.8 −367.9 −414.3
Shareholders’ equity 603.2 613.5 571.1 571.7 288.7 330.2 292.0 318.1 443.5 436.4
Debt to equity n/a 0.02 0.02 0.51 0.97 1.41 1.60 1.48 1.02 1.44

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 3 Jan 2017 FY2018 2 Jan 2018 FY2019 1 Jan 2019 FY2019 31 Dec 2019 FY2020 29 Dec 2020 FY2021 28 Dec 2021 FY2023 3 Jan 2023 FY2024 2 Jan 2024 FY2024 31 Dec 2024 FY2025 30 Dec 2025
Assets
53.8 6.0 26.6 58.4 154.1 189.6 114.8 56.3 84.2 215.7
15.6 19.9 20.9 25.6 n/a n/a n/a n/a n/a n/a
34.9 42.6 38.9 47.2 39.3 42.8 55.6 57.7 64.5 54.0
910.1 935.0 140.2 831.6 774.1 741.7 746.1 791.1 840.8 869.7
n/a n/a n/a 78.4 1.5 1.5 1.5 1.5 1.5 1.5
1,293.3 1,333.1 1,314.1 2,840.6 2,747.1 2,798.1 2,775.2 2,840.4 3,041.8 3,261.7
Growth +3.1% −1.4% +116.2% −3.3% +1.9% −0.8% +2.3% +7.1% +7.2%
Liabilities
n/a n/a n/a n/a n/a n/a n/a n/a n/a 68.8
n/a 10.0 10.0 290.0 280.0 466.0 468.0 470.0 452.1 561.3
calc n/a 10.0 10.0 290.0 280.0 466.0 468.0 470.0 452.1 630.1
n/a n/a n/a n/a n/a n/a 2,483.2 2,522.3 2,598.3 2,825.2
Equity
1,238.0 1,345.7 1,384.5 1,408.3 1,110.1 1,169.2 1,170.1 1,216.2 1,317.8 1,412.9
603.2 613.5 571.1 571.7 288.7 330.2 292.0 318.1 443.5 436.4
Growth +1.7% −6.9% +0.1% −49.5% +14.4% −11.6% +8.9% +39.4% −1.6%
Per share and net cash
calc n/a −4.0 16.6 −231.6 −125.9 −276.4 −353.3 −413.8 −367.9 −414.3
47.7 45.9 45.1 45.0 45.8 52.7 51.2 50.7 51.3 49.6
calc 12.64 13.37 12.66 12.72 6.30 6.26 5.71 6.28 8.64 8.79

Lines marked calc are worked out here from filed figures; point at one for how.