Cheesecake Factory Inc (CAKE) Financial Statements
Industry: Eating Places (Retail)
In fiscal 2025, Cheesecake Factory reported revenue of $3.75B, up 4.7% from $3.58B the year before. Net income was $148.4M (a 4.0% net margin), or $3.06 per diluted share. Gross margin was 5.0% and operating margin was 5.0%. Operating activities generated $301.3M of cash, leaving $155.1M of free cash flow. At fiscal year end, Cheesecake Factory held $3.26B in total assets against $2.83B in total liabilities, including $215.7M of cash and equivalents.
Open the full interactive Cheesecake Factory financials → Quarterly statements, key ratios, valuation history and price charts.
Cheesecake Factory Key Stats
| Share Price | $112.37 |
|---|---|
| Market Cap | $5.45B |
| P/E Ratio | 36.7 |
| Revenue YoY Growth | +4.8% |
| 52-Week Range | $42.61 – $117.29 |
| Shares Outstanding | 46.6 million (basic, 2026 Q2) |
Cheesecake Factory Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.98B | $2.93B | $3.30B | $3.44B | $3.58B | $3.75B |
| Cost of Goods Sold | $458.3M | $653.1M | $3.26B | $3.33B | $3.40B | $3.56B |
| Gross Profit | $1.52B | $2.27B | $38.9M | $108.6M | $178.3M | $187.3M |
| Operating Income | -$347.4M | $82.3M | $38.9M | $108.6M | $178.3M | $187.3M |
| Pre-Tax Income | -$356.0M | $71.6M | $32.9M | $100.0M | $171.0M | $162.9M |
| Income Tax | -$102.7M | -$753,000 | -$10.2M | -$1.3M | $14.3M | $14.5M |
| Net Income | -$253.4M | $72.4M | $43.1M | $101.4M | $156.8M | $148.4M |
| Diluted EPS | -$6.32 | $1.01 | $0.86 | $2.07 | $3.20 | $3.06 |
Cheesecake Factory Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $907.2M | $961.6M | $978.8M | $1.03B |
| Net Income | $31.9M | $28.8M | $49.5M | $68.4M |
| Diluted EPS | $0.66 | $0.59 | $1.02 | $1.41 |
Cheesecake Factory Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $154.1M | $189.6M | $114.8M | $56.3M | $84.2M | $215.7M |
| Current Assets | $341.4M | $405.6M | $345.8M | $300.8M | $333.3M | $454.8M |
| Total Assets | $2.75B | $2.80B | $2.78B | $2.84B | $3.04B | $3.26B |
| Current Liabilities | $586.1M | $636.3M | $656.7M | $660.7M | $711.4M | $777.0M |
| Total Long-Term Debt | $280.0M | $466.0M | $468.0M | $470.0M | $452.1M | $630.1M |
| Total Liabilities | $2.46B | $2.47B | $2.48B | $2.52B | $2.60B | $2.83B |
| Shareholders' Equity | $288.7M | $330.2M | $292.0M | $318.1M | $443.5M | $436.4M |
Cheesecake Factory Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.9M | $213.0M | $161.9M | $218.4M | $268.3M | $301.3M |
| Cash From Investing | -$50.9M | -$68.6M | -$112.8M | -$153.5M | -$161.1M | -$147.3M |
| Cash From Financing | $143.7M | -$108.8M | -$123.6M | -$123.5M | -$78.8M | -$22.8M |
| Free Cash Flow | -$47.4M | $146.1M | $49.5M | $66.8M | $108.0M | $155.1M |
| Dividends Paid | $15.8M | — | — | — | — | — |
Figures from Cheesecake Factory's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Cheesecake Factory financials page for every line item.
Cheesecake Factory Company Profile
| Ticker | CAKE |
|---|---|
| Exchange | Nasdaq |
| Industry | Eating Places (Retail) |
| Headquarters | Calabasas Hills, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000887596 |
Frequently Asked Questions
What was Cheesecake Factory's revenue in fiscal 2025?
Cheesecake Factory (CAKE) reported revenue of $3.75B for fiscal 2025.
What is Cheesecake Factory's annual revenue history?
Cheesecake Factory's annual revenue by fiscal year: 2020: $1.98B; 2021: $2.93B; 2022: $3.30B; 2023: $3.44B; 2024: $3.58B; 2025: $3.75B.
What was Cheesecake Factory's net income in fiscal 2025?
Cheesecake Factory reported net income of $148.4M for fiscal 2025.
What was Cheesecake Factory's earnings per share (EPS) in fiscal 2025?
Cheesecake Factory's diluted EPS was $3.06 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Cheesecake Factory generate in fiscal 2025?
Cheesecake Factory generated $155.1M of free cash flow in fiscal 2025.
What was Cheesecake Factory's revenue last quarter?
In its most recent reported quarter (2026 Q2), Cheesecake Factory reported revenue of $1.03B.
How much debt does Cheesecake Factory have?
Cheesecake Factory reported $630.1M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Cheesecake Factory are outstanding?
Cheesecake Factory reported a weighted average of 46.6 million basic shares outstanding in 2026 Q2.
What is Cheesecake Factory's market cap?
Based on its latest closing price, Cheesecake Factory (CAKE) has a market capitalization of about $5.45B.
When does Cheesecake Factory's fiscal year end?
Cheesecake Factory's fiscal year end, as registered with the SEC, is December 30.
Where is Cheesecake Factory headquartered?
Cheesecake Factory lists its business address in Calabasas Hills, California in its SEC filings.