Symbols / CAKE $55.73 +0.91% The Cheesecake Factory Incorporated

Consumer Cyclical • Restaurants • United States • NMS
CAKE Chart
About

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.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Restaurants Market Cap 2.78B
Enterprise Value 4.67B Income 148.43M Sales 3.75B
Book/sh 8.79 Cash/sh 4.33 Dividend Yield 217.00%
Payout 35.29% Employees 48400 IPO —
P/E 18.21 Forward P/E 12.59 PEG —
P/S 0.74 P/B 6.34 P/C —
EV/EBITDA 14.01 EV/Sales 1.24 Quick Ratio 0.45
Current Ratio 0.58 Debt/Eq 488.02 LT Debt/Eq —
EPS (ttm) 3.06 EPS next Y 4.43 EPS Growth -27.90%
Revenue Growth 4.40% Earnings 2026-04-29 ROA 4.46%
ROE 33.74% ROIC — Gross Margin 40.39%
Oper. Margin 7.00% Profit Margin 3.96% Shs Outstand 49.86M
Shs Float 45.83M Short Float 25.59% Short Ratio 5.66
Short Interest — 52W High 69.70 52W Low 42.69
Beta 1.01 Avg Volume 1.37M Volume 70.50K
Target Price $64.44 Recom Hold Prev Close $55.23
Price $55.73 Change 0.91%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$64.44
Mean price target
2. Current target
$56.62
Latest analyst target
3. DCF / Fair value
$42.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$56.62
Low
$50.00
High
$76.00
Mean
$64.44

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-19 main Citigroup Buy → Buy $74
2026-02-19 main Wells Fargo Equal-Weight → Equal-Weight $60
2026-02-19 down Stephens & Co. Overweight → Equal-Weight $65
2026-02-12 main Mizuho Outperform → Outperform $70
2026-02-09 main Citigroup Buy → Buy $72
2026-01-20 main Morgan Stanley Underweight → Underweight $50
2026-01-07 main Barclays Underweight → Underweight $51
2025-12-17 init Freedom Capital Markets — → Hold $56
2025-11-07 main Argus Research Buy → Buy $55
2025-10-30 main JP Morgan Underweight → Underweight $52
2025-10-29 main Citigroup Buy → Buy $65
2025-10-29 main Mizuho Outperform → Outperform $65
2025-10-29 reit Raymond James Outperform → Outperform $60
2025-10-29 main Wells Fargo Equal-Weight → Equal-Weight $55
2025-10-29 main Barclays Underweight → Underweight $48
2025-10-29 main B of A Securities Neutral → Neutral $56
2025-10-29 main Stephens & Co. Overweight → Overweight $64
2025-10-28 init Mizuho — → Outperform $70
2025-10-22 main Barclays Underweight → Underweight $50
2025-10-16 reit Raymond James Outperform → Outperform $70
News
RSS: Latest CAKE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 MAY SCARLETT A General Counsel — 5,206 $62.95 $327,708
2026-02-25 HANSCOM ASHLEY W Officer — 2,951 $65.64 $193,689
2026-02-25 ALEX SPERO G Officer — 4,790 $66.00 $316,122
2026-02-25 CLARK MATTHEW ELIOT Chief Financial Officer — 7,000 $65.70 $459,900
2026-02-23 CAPPELLO ALEXANDER L Director — 635 $63.74 $40,475
2026-02-11 HANSCOM ASHLEY W Officer — 2,280 $0.00 $0
2026-02-11 ALEX SPERO G Officer — 2,600 $0.00 $0
2026-02-11 MAY SCARLETT A General Counsel — 12,933 $0.00 $0
2026-02-11 CLARK MATTHEW ELIOT Chief Financial Officer — 25,947 $0.00 $0
2026-02-11 GORDON DAVID M President — 29,161 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,751.81
+4.75%
3,581.70
+4.13%
3,439.50
+4.13%
3,303.16
Operating Revenue
3,751.81
+4.75%
3,581.70
+4.13%
3,439.50
+4.13%
3,303.16
Cost Of Revenue
2,126.04
+2.69%
2,070.40
+1.92%
2,031.39
+0.42%
2,022.88
Reconciled Cost Of Revenue
2,126.04
+2.69%
2,070.40
+1.92%
2,031.39
+0.42%
2,022.88
Gross Profit
1,625.77
+7.57%
1,511.30
+7.33%
1,408.11
+9.98%
1,280.28
Operating Expense
1,367.96
+6.09%
1,289.41
+4.57%
1,233.01
+4.51%
1,179.76
Selling General And Administration
244.91
+7.07%
228.74
+5.19%
217.45
+5.68%
205.75
General And Administrative Expense
244.91
+7.07%
228.74
+5.19%
217.45
+5.68%
205.75
Other Gand A
244.91
+7.07%
228.74
+5.19%
217.45
+5.68%
205.75
Other Operating Expenses
1,014.01
+5.71%
959.22
+3.99%
922.43
+4.63%
881.63
Total Expenses
3,494.00
+3.99%
3,359.81
+2.92%
3,264.41
+1.93%
3,202.64
Operating Income
257.80
+16.19%
221.89
+26.72%
175.09
+74.19%
100.52
Total Operating Income As Reported
187.28
+5.03%
178.32
+64.25%
108.57
+178.84%
38.94
EBITDA
282.37
-0.08%
282.60
+39.00%
203.31
+53.14%
132.76
Normalized EBITDA
368.78
+13.06%
326.18
+20.88%
269.84
+38.85%
194.34
Reconciled Depreciation
109.03
+7.47%
101.45
+8.93%
93.14
+0.82%
92.38
EBIT
173.34
-4.31%
181.15
+64.43%
110.17
+172.84%
40.38
Total Unusual Items
-86.41
-98.32%
-43.57
+34.51%
-66.53
-8.03%
-61.58
Total Unusual Items Excluding Goodwill
-86.41
-98.32%
-43.57
+34.51%
-66.53
-8.03%
-61.58
Special Income Charges
-86.41
-98.32%
-43.57
+34.51%
-66.53
-8.03%
-61.58
Other Special Charges
48.97
+78.11%
27.50
+8.34%
25.38
+50.81%
16.83
Restructuring And Mergern Acquisition
14.45
+494.85%
2.43
-79.21%
11.69
-12.58%
13.37
Write Off
22.99
+68.46%
13.65
-53.68%
29.46
-6.13%
31.39
Net Income
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Pretax Income
162.90
-4.77%
171.05
+71.02%
100.01
+204.07%
32.89
Net Non Operating Interest Income Expense
-10.45
-3.37%
-10.11
+0.52%
-10.16
-35.68%
-7.49
Interest Expense Non Operating
10.45
+3.37%
10.11
-0.52%
10.16
+35.68%
7.49
Net Interest Income
-10.45
-3.37%
-10.11
+0.52%
-10.16
-35.68%
-7.49
Interest Expense
10.45
+3.37%
10.11
-0.52%
10.16
+35.68%
7.49
Other Income Expense
-84.46
-107.35%
-40.73
+37.26%
-64.92
-7.95%
-60.14
Other Non Operating Income Expenses
1.95
-31.30%
2.84
+76.43%
1.61
+11.28%
1.45
Tax Provision
14.47
+1.43%
14.26
+1166.87%
-1.34
+86.93%
-10.23
Tax Rate For Calcs
0.00
+7.23%
0.00
-60.48%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-7.69
-112.66%
-3.62
+74.12%
-13.97
-8.03%
-12.93
Net Income Including Noncontrolling Interests
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Net Income From Continuing Operation Net Minority Interest
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Net Income From Continuing And Discontinued Operation
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Net Income Continuous Operations
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Normalized Income
227.15
+15.46%
196.74
+27.83%
153.91
+67.70%
91.77
Net Income Common Stockholders
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Otherunder Preferred Stock Dividend
—
—
0.00
0.00
Diluted EPS
—
3.20
+54.59%
2.07
+140.70%
0.86
Basic EPS
—
3.28
+56.19%
2.10
+141.38%
0.87
Basic Average Shares
—
47.79
-1.11%
48.32
-2.99%
49.81
Diluted Average Shares
—
48.97
-0.15%
49.05
-2.71%
50.41
Diluted NI Availto Com Stockholders
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Average Dilution Earnings
—
—
0.00
0.00
Depreciation Amortization Depletion Income Statement
109.03
+7.47%
101.45
+8.93%
93.14
+0.82%
92.38
Depreciation And Amortization In Income Statement
109.03
+7.47%
101.45
+8.93%
93.14
+0.82%
92.38
Earnings From Equity Interest
—
—
—
—
Preferred Stock Dividends
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,261.67
+7.23%
3,041.76
+7.09%
2,840.38
+2.35%
2,775.22
Current Assets
454.83
+36.46%
333.31
+10.81%
300.80
-13.01%
345.77
Cash Cash Equivalents And Short Term Investments
215.73
+156.28%
84.18
+49.54%
56.29
-50.96%
114.78
Cash And Cash Equivalents
215.73
+156.28%
84.18
+49.54%
56.29
-50.96%
114.78
Receivables
130.42
+0.38%
129.92
+4.97%
123.76
-2.57%
127.03
Other Receivables
109.72
-2.48%
112.50
+9.13%
103.09
-2.29%
105.51
Taxes Receivable
20.70
+18.86%
17.42
-15.74%
20.67
-3.96%
21.52
Inventory
53.97
-16.36%
64.53
+11.92%
57.65
+3.77%
55.56
Raw Materials
39.07
-11.83%
44.32
+6.98%
41.42
+8.13%
38.31
Finished Goods
14.90
-26.29%
20.21
+24.52%
16.23
-5.91%
17.25
Prepaid Assets
54.71
+0.03%
54.69
-13.31%
63.09
+30.35%
48.40
Total Non Current Assets
2,806.84
+3.63%
2,708.45
+6.65%
2,539.59
+4.53%
2,429.45
Net PPE
2,314.45
+3.27%
2,241.12
+7.06%
2,093.24
+3.88%
2,015.04
Gross PPE
3,772.08
+4.14%
3,622.14
+5.49%
3,433.52
+4.88%
3,273.79
Accumulated Depreciation
-1,457.63
-5.55%
-1,381.02
-3.04%
-1,340.28
-6.48%
-1,258.75
Properties
0.00
0.00
0.00
0.00
Land And Improvements
17.45
+0.84%
17.30
+9.15%
15.85
+0.00%
15.85
Buildings And Improvements
44.98
+1.02%
44.53
+0.80%
44.18
+0.09%
44.14
Machinery Furniture Equipment
821.22
+8.97%
753.62
+4.36%
722.12
+5.84%
682.28
Construction In Progress
43.63
-42.16%
75.43
+29.90%
58.07
+58.33%
36.67
Other Properties
1,444.75
+3.17%
1,400.35
+7.54%
1,302.15
+2.61%
1,268.99
Leases
1,400.05
+5.19%
1,330.91
+3.08%
1,291.15
+5.33%
1,225.86
Goodwill And Other Intangible Assets
251.81
+0.01%
251.79
+0.02%
251.73
+0.08%
251.52
Goodwill
1.45
+0.00%
1.45
+0.00%
1.45
+0.00%
1.45
Other Intangible Assets
250.35
+0.01%
250.34
+0.02%
250.28
+0.08%
250.07
Non Current Deferred Assets
230.74
+12.04%
205.94
+10.67%
186.08
+20.22%
154.79
Non Current Deferred Taxes Assets
104.60
+6.90%
97.85
+6.42%
91.94
+20.59%
76.25
Other Non Current Assets
9.85
+2.68%
9.59
+12.37%
8.54
+5.32%
8.10
Total Liabilities Net Minority Interest
2,825.24
+8.73%
2,598.30
+3.01%
2,522.32
+1.57%
2,483.22
Current Liabilities
777.01
+9.22%
711.42
+7.68%
660.67
+0.61%
656.68
Payables And Accrued Expenses
298.16
+0.13%
297.77
+8.72%
273.90
+5.47%
259.69
Payables
86.50
+2.35%
84.51
+1.19%
83.52
-8.72%
91.50
Accounts Payable
62.71
+1.00%
62.09
-1.68%
63.15
-5.23%
66.64
Current Accrued Expenses
211.66
-0.75%
213.26
+12.02%
190.38
+13.20%
168.19
Pensionand Other Post Retirement Benefit Plans Current
29.83
+0.45%
29.70
+2.58%
28.95
+5.92%
27.33
Total Tax Payable
23.78
+6.08%
22.42
+10.08%
20.36
-18.08%
24.86
Current Debt And Capital Lease Obligation
236.16
+50.29%
157.14
+16.48%
134.91
-3.02%
139.10
Current Debt
68.81
—
—
—
Other Current Borrowings
68.81
—
—
—
Current Capital Lease Obligation
167.35
+6.50%
157.14
+16.48%
134.91
-3.02%
139.10
Current Deferred Liabilities
212.86
-6.15%
226.81
+1.75%
222.91
-3.32%
230.56
Current Deferred Revenue
212.86
-6.15%
226.81
+1.75%
222.91
+1.41%
219.81
Total Non Current Liabilities Net Minority Interest
2,048.23
+8.55%
1,886.88
+1.36%
1,861.65
+1.92%
1,826.54
Long Term Debt And Capital Lease Obligation
1,893.67
+8.14%
1,751.08
+1.51%
1,725.00
+1.38%
1,701.53
Long Term Debt
561.26
+24.16%
452.06
-3.83%
470.05
+0.43%
468.03
Long Term Capital Lease Obligation
1,332.41
+2.57%
1,299.02
+3.51%
1,254.95
+1.74%
1,233.50
Tradeand Other Payables Non Current
—
—
—
—
Non Current Deferred Liabilities
125.21
+15.76%
108.17
+15.10%
93.98
+20.05%
78.29
Other Non Current Liabilities
29.35
+6.21%
27.64
-35.23%
42.67
-8.68%
46.72
Stockholders Equity
436.43
-1.58%
443.45
+39.42%
318.06
+8.92%
292.00
Common Stock Equity
436.43
-1.58%
443.45
+39.42%
318.06
+8.92%
292.00
Capital Stock
1.09
+1.01%
1.08
+1.12%
1.07
+0.85%
1.06
Common Stock
1.09
+1.01%
1.08
+1.12%
1.07
+0.85%
1.06
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
109.55
+1.07%
108.39
+1.11%
107.20
+0.82%
106.32
Ordinary Shares Number
49.64
-3.30%
51.33
+1.34%
50.65
-1.02%
51.17
Treasury Shares Number
59.91
+5.01%
57.06
+0.91%
56.54
+2.53%
55.15
Additional Paid In Capital
1,008.15
+5.44%
956.11
+4.67%
913.44
+2.92%
887.49
Retained Earnings
1,412.94
+7.22%
1,317.83
+8.35%
1,216.24
+3.95%
1,170.08
Gains Losses Not Affecting Retained Earnings
-1.04
+35.26%
-1.61
-132.13%
-0.69
+29.33%
-0.98
Treasury Stock
1,984.72
+8.46%
1,829.95
+0.99%
1,812.00
+2.63%
1,765.64
Other Equity Adjustments
-1.04
+35.26%
-1.61
-132.13%
-0.69
+29.33%
-0.98
Total Equity Gross Minority Interest
436.43
-1.58%
443.45
+39.42%
318.06
+8.92%
292.00
Total Capitalization
997.69
+11.41%
895.52
+13.63%
788.11
+3.69%
760.03
Working Capital
-322.18
+14.79%
-378.11
-5.07%
-359.87
-15.75%
-310.91
Invested Capital
1,066.50
+19.09%
895.52
+13.63%
788.11
+3.69%
760.03
Total Debt
2,129.84
+11.61%
1,908.22
+2.60%
1,859.91
+1.05%
1,840.63
Net Debt
414.35
+12.63%
367.89
-11.09%
413.76
+17.13%
353.25
Capital Lease Obligations
1,499.76
+2.99%
1,456.16
+4.77%
1,389.86
+1.26%
1,372.60
Net Tangible Assets
184.62
-3.68%
191.67
+188.94%
66.33
+63.88%
40.48
Tangible Book Value
184.62
-3.68%
191.67
+188.94%
66.33
+63.88%
40.48
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
301.28
+12.28%
268.32
+22.86%
218.40
+34.88%
161.93
Cash Flow From Continuing Operating Activities
301.28
+12.28%
268.32
+22.86%
218.40
+34.88%
161.93
Net Income From Continuing Operations
148.43
-5.33%
156.78
+54.69%
101.35
+135.03%
43.12
Depreciation Amortization Depletion
109.03
+7.47%
101.45
+8.93%
93.14
+0.82%
92.38
Depreciation And Amortization
109.03
+7.47%
101.45
+8.93%
93.14
+0.82%
92.38
Other Non Cash Items
-8.71
-33.94%
-6.51
—
—
Stock Based Compensation
27.23
-9.10%
29.96
+16.22%
25.78
+5.55%
24.43
Asset Impairment Charge
19.32
+51.34%
12.77
-52.70%
27.00
-13.82%
31.33
Deferred Tax
-6.71
-10.61%
-6.06
+61.43%
-15.71
+15.72%
-18.65
Deferred Income Tax
-6.71
-10.61%
-6.06
+61.43%
-15.71
+15.72%
-18.65
Operating Gains Losses
15.89
—
—
—
Change In Working Capital
-3.21
+84.02%
-20.07
-52.63%
-13.15
-23.08%
-10.68
Change In Receivables
-4.08
-137.52%
-1.72
-1654.08%
-0.10
+99.20%
-12.27
Change In Inventory
10.56
+253.44%
-6.88
-229.02%
-2.09
+83.56%
-12.72
Change In Prepaid Assets
-0.03
-100.36%
8.35
+156.81%
-14.69
-22.86%
-11.96
Change In Payables And Accrued Expense
35.22
+82.25%
19.32
-53.32%
41.40
+441.32%
7.65
Change In Accrued Expense
33.52
+58.50%
21.15
-43.48%
37.42
+476.54%
-9.94
Change In Payable
1.70
+192.78%
-1.83
-146.01%
3.97
-77.42%
17.59
Change In Account Payable
1.70
+192.78%
-1.83
-146.01%
3.97
-77.42%
17.59
Change In Other Working Capital
-13.11
+54.87%
-29.05
-10.62%
-26.26
-599.73%
-3.75
Change In Other Current Assets
-17.81
-27.26%
-13.99
+3.51%
-14.50
-205.57%
13.74
Change In Other Current Liabilities
-13.96
-457.48%
3.90
+25.77%
3.10
-64.05%
8.63
Investing Cash Flow
-147.26
+8.59%
-161.10
-4.95%
-153.50
-36.06%
-112.81
Cash Flow From Continuing Investing Activities
-147.26
+8.59%
-161.10
-4.95%
-153.50
-36.06%
-112.81
Net PPE Purchase And Sale
-146.20
+8.83%
-160.36
-5.81%
-151.56
-34.77%
-112.46
Purchase Of PPE
-146.20
+8.83%
-160.36
-5.81%
-151.56
-34.77%
-112.46
Capital Expenditure
-147.26
+8.77%
-161.42
-5.35%
-153.22
-35.42%
-113.14
Net Business Purchase And Sale
—
—
—
—
Purchase Of Business
—
—
—
—
Net Intangibles Purchase And Sale
-1.06
-0.19%
-1.05
+36.43%
-1.66
-143.82%
-0.68
Purchase Of Intangibles
-1.06
-0.19%
-1.05
+36.43%
-1.66
-143.82%
-0.68
Net Other Investing Changes
—
0.32
+217.15%
-0.27
-183.28%
0.33
Financing Cash Flow
-22.78
+71.09%
-78.79
+36.22%
-123.53
+0.08%
-123.64
Cash Flow From Continuing Financing Activities
-22.78
+71.09%
-78.79
+36.22%
-123.53
+0.08%
-123.64
Net Issuance Payments Of Debt
175.20
+976.00%
-20.00
0.00
0.00
Issuance Of Debt
575.00
0.00
-100.00%
15.00
-88.46%
130.00
Repayment Of Debt
-399.80
-1899.00%
-20.00
-33.33%
-15.00
+88.46%
-130.00
Long Term Debt Issuance
575.00
0.00
0.00
0.00
Long Term Debt Payments
-289.80
0.00
0.00
+100.00%
-130.00
Net Long Term Debt Issuance
285.20
0.00
0.00
+100.00%
-130.00
Short Term Debt Issuance
0.00
0.00
-100.00%
15.00
-88.46%
130.00
Short Term Debt Payments
-110.00
-450.00%
-20.00
-33.33%
-15.00
+88.46%
-130.00
Net Short Term Debt Issuance
-110.00
-450.00%
-20.00
0.00
0.00
Net Common Stock Issuance
-153.90
-744.28%
-18.23
+60.45%
-46.09
+27.00%
-63.13
Common Stock Payments
-153.90
-744.28%
-18.23
+60.45%
-46.09
+27.00%
-63.13
Common Stock Dividend Paid
-52.19
+1.60%
-53.04
+0.31%
-53.21
-25.87%
-42.27
Cash Dividends Paid
-52.19
+1.60%
-53.04
+0.31%
-53.21
-25.87%
-42.27
Repurchase Of Capital Stock
-153.90
-744.28%
-18.23
+60.45%
-46.09
+27.00%
-63.13
Proceeds From Stock Option Exercised
24.61
+97.26%
12.47
0.00
-100.00%
0.08
Net Other Financing Charges
-16.50
—
-24.24
-32.36%
-18.32
Changes In Cash
131.24
+361.55%
28.43
+148.50%
-58.63
+21.33%
-74.53
Effect Of Exchange Rate Changes
0.32
+157.48%
-0.55
-480.56%
0.14
+144.31%
-0.33
Beginning Cash Position
84.18
+49.54%
56.29
-50.96%
114.78
-39.47%
189.63
End Cash Position
215.73
+156.28%
84.18
+49.54%
56.29
-50.96%
114.78
Free Cash Flow
154.02
+44.07%
106.91
+64.02%
65.18
+33.61%
48.78
Interest Paid Supplemental Data
8.68
-32.65%
12.89
+32.03%
9.76
+34.99%
7.23
Income Tax Paid Supplemental Data
22.78
+19.14%
19.12
+32.10%
14.47
-1.46%
14.69
Common Stock Issuance
—
—
0.00
0.00
Earnings Losses From Equity Investments
—
—
—
—
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Dividend Paid
—
—
0.00
0.00
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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