The Cheesecake Factory Incorporated

CAKE

$107.18

-1.28%

2026-09-03 16:00:01 EDT-$1.39

Consumer Cyclical

Restaurants

NASDAQ

Active Trading

The Cheesecake Factory Incorporated primarily operates restaurants. The company also maintains two bakeries that produce its signature cheesecakes and other baked goods. ...

Price Action of CAKE

$107.18

-1.28%-$1.39

High—

Low—

52W High-9.5%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

The Cheesecake Factory Incorporated, headquartered in Calabasas, California, is a premier player in the casual dining sector. Founded in 1972 by David Overton and his parents, the company has grown from a single bakery into a global restaurant empire. As of the latest data, it operates approximately 375 restaurants, including ...The Cheesecake Factory Incorporated, headquartered in Calabasas, California, is a premier player in the casual dining sector. Founded in 1972 by David Overton and his parents, the company has grown from a single bakery into a global restaurant empire. As of the latest data, it operates approximately 375 restaurants, including 218 under The Cheesecake Factory brand, 47 North Italia, and numerous Fox Restaurant Concepts, with additional international locations under licensing agreements. The company's financials reflect robust performance: a market capitalization of $5.32 billion, revenue per share of $83.15, and a net profit margin of 4.6%. Its enterprise value stands at $7.2 billion, with a price-to-earnings ratio of 27.95. The company maintains a dividend yield of 1.1%, paying $1.14 per share. With 48,400 employees, it emphasizes culinary innovation and hospitality, generating gross profit margins of 46.4%. Under CEO David Overton's leadership, the company focuses on expanding its brand portfolio, enhancing guest experiences, and delivering consistent shareholder value. Despite high debt levels, its operational cash flow remains strong, enabling continued investment in growth. The company's headquarters at 26901 Malibu Hills Road symbolizes its California roots, and it continues to be a benchmark in experiential dining. Financially, its return on equity is impressive at 38.8%, though its current ratio of 0.587 indicates liquidity challenges. Nevertheless, with a strong brand and diverse offerings, The Cheesecake Factory remains a resilient force in the restaurant industry.ExpandCollapse

Founded

1972

Employees

48400

CEO

David Overton

Full Name

The Cheesecake Factory Incorporated

Sector

Consumer Cyclical

Industry

Restaurants

ROE

38.83%

Market Cap

$5.33B

Current Ratio

0.59

WACC

7.30%

ROIC

8.01%

Contact Information

https://www.thecheesecakefactory.com

818 871 3000

26901 Malibu Hills Road, Calabasas, CA 91301

Key Metrics of CAKE

Snapshot

Latest / TTM · 6 periods

Market Cap

$5.33B

ROCE

7.9%

EV / EBITDA

22.64x

+0.4% YoY

FCF Yield

3.9%

-2.8% YoY

Cash Conversion Cycle

7.2d

Current Ratio

0.59

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of CAKE

Profitability trend

Latest / TTM · 6 periods

Gross Margin

46.4%

Net Margin

4.6%

P/E Ratio

27.98x

n/a

Debt / Equity

4.01

n/a

Current Ratio

0.59

Dividend Yield

1.1%

Understanding

TTM —

Current ratio below 1.0

High debt to equity

Calendar of CAKE

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $0.86 · Revenue $987.03M · 13 analysts
Dec 30, 2026
FY2026 · Estimated annual results
Est. EPS $4.48 · Revenue $4.02B · 10 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $1.12 · Revenue $1.05B · 5 analysts
Jun 30, 2027
Q2 FY2027 · Estimated results
Est. EPS $1.49 · Revenue $1.11B · 5 analysts

Recent history

Aug 25, 2026
Dividend payment
$1.14 per share
Aug 11, 2026
Ex-dividend date
$1.14 per share
Aug 3, 2026
Q2 FY2026 · Results reported
EPS $1.41 · Revenue $1.03B
View filing
May 4, 2026
Q1 FY2026 · Results reported
EPS $1.02 · Revenue $978.83M
View filing
Feb 23, 2026
FY2025 · Annual results
EPS $3.07 · Revenue $3.75B
View filing
Nov 3, 2025
Q3 FY2025 · Results reported
EPS $0.66 · Revenue $907.23M
View filing

Financial Statements of CAKE

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$3.8B	+4.7%	+5.2%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$148.4M	-5.3%	+38.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+78.3%	+1.1%	+11.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	+5.0%	+0.3%	+35.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	+4.0%	-9.6%	+31.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$155.1M	+43.6%	-3.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	+4.1%	+37.1%	-8.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	793.3%	+84.4%	-14.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	0.59x	+24.9%	-1.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$3.3B	+7.2%	-0.1%

Actual vs Estimate

A Dec 30Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	3.07 vs 3.75	-18.2%	1.41 vs 0.86	+64.8%
Revenue Surprise	$3.8B vs $3.7B	+0.4%	$1.0B vs $987.0M	+4.3%

Insider Transactions of CAKE

Acquisitions (A)

Since Aug 10, 2026

Disposals (D)

Since Aug 10, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Sep 1, 2026	KRANSDORF JEROME I	director	Common Stock	D	200	—
Aug 26, 2026	KRANSDORF JEROME I	director	Common Stock	D	800	—
Aug 17, 2026	Meyer Janice L.	director	Common Stock	D	1,958	$109.36
Aug 10, 2026	Gordon David M	officer: PRESIDENT	Common Stock	A	5,826	$34.91
Aug 10, 2026	Gordon David M	officer: PRESIDENT	Common Stock	A	11,040	$40.16

Earnings Call Transcript of CAKE

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Hello, everyone. Thank you for joining us, and welcome to The Cheesecake Factory Incorporated Earnings Call for Q2 of 2026. I will now hand the conference over to Etienne Marcus, VP of Finance and Investor Relations. Etienne, please go ahead. Etienne Marcus: Good afternoon, and welcome to our second quarter fiscal 2026 earnings call. On the call with me today are David Overton, our Chairman and Chief Executive Officer; David Gordon, our President; and Matt Clark, our Executive Vice President and Chief Financial Officer. Before we begin, let me quickly remind you that during this call, items will be discussed that are not based on historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could be materially different from those stated or implied in forward-looking statements as a result of the factors detailed in today's press release, which is available on our website at investors.thecheesecakefactory.com and in our filings with the Securities and Exchange Commission. All forward-looking statements made on this call speak only as of today's date, and the company undertakes no duty to update any forward-looking statements. In addition, during this conference call, we will be presenting results on an adjusted basis, which excludes acquisition-related items, impairment of assets and lease termination expenses and other items. Explanations of the use of our non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures appear in our press release on our website as previously described. David Overton will begin today's call with some opening remarks, and David Gordon will provide an operational update. Matt will then review our second quarter financial results and provide commentary on our financial outlook before opening the call up to questions. With that, I'll turn the call over to David Overton. David Overton: Thank you, Etienne. We delivered an outstanding second quarter with revenue, margins and earnings all exceeding our expectations. Quarterly revenue surpassed $1 billion for the first time, and adjusted diluted earnings per share increased 24% year-over-year. The Cheesecake Factory restaurants led our performance, delivering comparable sales growth of 5.8% and positive traffic. Our strong top line sales this quarter reflect disciplined execution across our restaurants. As a result, traffic trends improved, and we captured market share. The increase in sales, along with gains in labor productivity and food efficiency drove solid flow-through, increasing The Cheesecake Factory's restaurant level margin to 20%, its highest level in a decade. One of the key drivers of this momentum has been the positive response to our recent menu additions, demonstrating the strength of our culinary innovation. Our new offerings highlight the breadth and relevance of our menu, helping to drive frequency, attract new guests …

Leadership Team of CAKE

10 executives

Name	Title	Compensation	Gender	Year Born	Status
David Overton	Founder, Chairman & Chief Executive Officer	USD 2,517,728	Male	1946	Active
David Gordon	President	USD 1,519,480	Male	1965	Active
Matthew Eliot Clark	Executive Vice President & Chief Financial Officer	USD 1,169,365	Male	1970	Active
Scarlett A. May	Executive Vice President, General Counsel & Secretary	USD 1,053,285	Female	1966	Active
Cheryl Slomann	Senior Vice President of Finance & Compliance	USD 329,239	Female	1966	Active
Donald Evans	Chief Marketing Officer & Senior Vice President	—	Male	—	Active
Etienne Marcus	Vice President of Finance & Investor Relations	—	Male	—	Active
Ashley W. Hanscom	Vice President, Principal Accounting Officer & Controller	—	Female	1978	Active
Dina R. Barmasse-Gray	Senior Vice President of Human Resources	—	Female	—	Active
Spero Alex	Executive Vice President of Operations - The Cheesecake Factory Restaurants	—	Male	1964	Active

Recent News of CAKE

Zacks Investment Research8/3/2026Neutral

Is Cheesecake Factory (CAKE) a Solid Growth Stock? 3 Reasons to Think "Yes"

Cheesecake Factory (CAKE) possesses solid growth attributes, which could help it handily outperform the market.

The Motley Fool7/31/2026Neutral

A Cheesecake Factory Insider Sold Into Record Highs After Blowout Quarter

This insider disposal of 3,500 shares realized $350,000 in gross proceeds on July 30, 2026. The executive's remaining equity is held entirely through direct ownership, a portion of which is restricted stock subject to forfeiture.

The Motley Fool7/31/2026Neutral

What This Cheesecake Factory Insider Sale Means After a First $1 Billion Quarter

The CFO of Cheesecake Factory sold 68,900 shares on July 30, 2026, for a total transaction value of about $6.8 million. The activity involved the exercise of 68,900 stock options at $40.16 per share followed by an immediate open-market liquidation.

Zacks Investment Research7/31/2026Neutral

Why Cheesecake Factory (CAKE) Might be Well Poised for a Surge

Cheesecake Factory (CAKE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research7/31/2026Neutral

New Strong Buy Stocks for July 31st

ASML, IVZ, C, KLAC and CAKE have been added to the Zacks Rank #1 (Strong Buy) List on July 31, 2026.

Historical Employee Count of CAKE

Current

48,400

Change

+1.04%

Minimum

45,800

Maximum

48,400

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 30, 2025	48,400	10-K	Feb 23, 2026	View
Dec 31, 2024	47,900	10-K	Feb 24, 2025	View
Jan 2, 2024	47,900	10-K	Feb 26, 2024	View
Jan 3, 2023	47,500	10-K	Feb 27, 2023	View
Dec 28, 2021	45,800	10-K	Feb 22, 2022	View

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The Cheesecake Factory Incorporated

Contact Information

Upcoming

Q3 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Q2 FY2027 · Estimated results

Recent history

Dividend payment

Ex-dividend date

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Is Cheesecake Factory (CAKE) a Solid Growth Stock? 3 Reasons to Think "Yes"

A Cheesecake Factory Insider Sold Into Record Highs After Blowout Quarter

What This Cheesecake Factory Insider Sale Means After a First $1 Billion Quarter

Why Cheesecake Factory (CAKE) Might be Well Poised for a Surge

New Strong Buy Stocks for July 31st

Recent Filings

Related stocksRestaurants

Upcoming

Q3 FY2026 · Estimated results

FY2026 · Estimated annual results

Q1 FY2027 · Estimated results

Q2 FY2027 · Estimated results

Recent history

Dividend payment

Ex-dividend date

Q2 FY2026 · Results reported

Q1 FY2026 · Results reported

FY2025 · Annual results

Q3 FY2025 · Results reported

Is Cheesecake Factory (CAKE) a Solid Growth Stock? 3 Reasons to Think "Yes"

A Cheesecake Factory Insider Sold Into Record Highs After Blowout Quarter

What This Cheesecake Factory Insider Sale Means After a First $1 Billion Quarter

Why Cheesecake Factory (CAKE) Might be Well Poised for a Surge

New Strong Buy Stocks for July 31st

Recent Filings