Tearsheet

Cheesecake Factory (CAKE)

Market Price (12/26/2025): $51.77 | Market Cap: $2.4 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Cheesecake Factory (CAKE)

Market Price (12/26/2025): $51.77
Market Cap: $2.4 Bil
Sector: Consumer Discretionary
Industry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 6.6%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
1	Low stock price volatility Vol 12M is 36%		Key risks CAKE key risks include [1] a persistent "traffic problem" due to cautious consumer spending and [2] high financial leverage from a significant debt load, Show more.
2	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, and Culinary Trends & Innovation. Themes include Experiential Retail, and Gourmet Casual Dining.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 2.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.7%, FCF Yield is 6.6%
1	Low stock price volatility Vol 12M is 36%
2	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, and Culinary Trends & Innovation. Themes include Experiential Retail, and Gourmet Casual Dining.
3	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 18%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
5	Key risks CAKE key risks include [1] a persistent "traffic problem" due to cautious consumer spending and [2] high financial leverage from a significant debt load, Show more.

Valuation, Metrics & Events

	12/26/25	2024	2023	2022	2021
Share Price CYE	$51.77	$46.48	$33.36	$29.26	$35.26
Market Cap CYE ($ Bil)	2.4	2.2	1.6	1.5	1.8
Total Debt ($ Bil)	2.1	1.9	1.9	1.8	1.8
Total Cash ($ Bil)	0.2	0.1	0.1	0.1	0.2
Enterprise Value ($ Bil)	4.4	4.1	3.5	3.3	3.6
Valuation Ratios
P/S TTM	0.7	0.6	0.5	0.5	0.6
P/EBIT TTM	12.9	12.5	15.4	39.1	22.6
P/E TTM	15.0	14.5	16.7	36.6	25.7
P/FCF TTM	15.2	21.2	26.0	32.4	12.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.4
P/EBIT TTM (Sector)	7.7	8.3	7.8	6.5	8.4
P/E TTM (Sector)	10.4	11.1	10.4	8.4	10.7
P/FCF TTM (Sector)	11.3	12.4	9.6	7.3	10.5

	12/26/25	2024	2023
Share Price CYE	$51.77	$46.48	$33.36
Market Cap CYE ($ Bil)	2.4	2.2	1.6
Total Debt ($ Bil)	2.1	1.9	1.9
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	4.4	4.1	3.5
Valuation Ratios
P/S TTM	0.7	0.6	0.5
P/EBIT TTM	12.9	12.5	15.4
P/E TTM	15.0	14.5	16.7
P/FCF TTM	15.2	21.2	26.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.7	8.3	7.8
P/E TTM (Sector)	10.4	11.1	10.4
P/FCF TTM (Sector)	11.3	12.4	9.6

	CAKE	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	3.7
Rev Chg Q	4.8%	7.3%
Rev Chg LTM	4.9%	6.1%
Rev Chg 3Y Avg	5.2%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	6.7%	18.8%
CFO/Rev LTM	8.6%	20.4%
Net Inc Mgn	4.3%	13.1%
VALUATION	MODERATE
P/S	0.7	3.3
P/CFO	7.5	15.8
P/FCF	15.2	20.7
P/E	15.0	23.5
STABILITY	FAIR
Debt/Equity	0.89	0.21
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Total Company-Owned Restaurants	365	10282025	Link
Number of The Cheesecake Factory Restaurants (Company-Owned)	215	1012024	Link
Number of North Italia Restaurants	42	1012024	Link
Number of Other Brand Restaurants (including Flower Child and FRC)	91	1012024	Link
Number of International Licensed Restaurants	35	10282025	Link
Average Annual Unit Volume (The Cheesecake Factory Restaurants)	over $12 million	10282025	Link
Off-Premise Sales Percentage of Total Sales	21%	10312024	Link
Number of Menu Items	Over 250	11032025	Link

Upcoming
2/18/2026	Earnings Release	Rev: - EPS: -

CAKE Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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The requested time period of August 31, 2025, to December 26, 2025, is in the future. I am unable to provide analysis or explanations for future stock movements. Show more

Stock Movement Drivers

Fundamental Drivers

The -4.3% change in CAKE stock from 9/25/2025 to 12/25/2025 was primarily driven by a -5.0% change in the company's P/E Multiple.

	9252025	12252025	Change
Stock Price ($)	53.99	51.65	-4.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3669.46	3711.21	1.14%
Net Income Margin (%)	4.33%	4.33%	0.06%
P/E Multiple	15.76	14.97	-5.03%
Shares Outstanding (Mil)	46.39	46.61	-0.47%
Cumulative Contribution			-4.34%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025

	Return	Correlation
CAKE	-4.3%
Market (SPY)	4.9%	22.5%
Sector (XLY)	3.8%	40.0%

Fundamental Drivers

The -14.8% change in CAKE stock from 6/26/2025 to 12/25/2025 was primarily driven by a -18.7% change in the company's P/E Multiple.

	6262025	12252025	Change
Stock Price ($)	60.63	51.65	-14.82%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3617.67	3711.21	2.59%
Net Income Margin (%)	4.33%	4.33%	0.14%
P/E Multiple	18.41	14.97	-18.68%
Shares Outstanding (Mil)	47.53	46.61	1.93%
Cumulative Contribution			-14.85%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025

	Return	Correlation
CAKE	-14.8%
Market (SPY)	13.1%	27.1%
Sector (XLY)	14.2%	40.6%

Fundamental Drivers

The 9.7% change in CAKE stock from 12/25/2024 to 12/25/2025 was primarily driven by a 19.5% change in the company's Net Income Margin (%).

	12252024	12252025	Change
Stock Price ($)	47.09	51.65	9.68%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3537.74	3711.21	4.90%
Net Income Margin (%)	3.63%	4.33%	19.47%
P/E Multiple	17.53	14.97	-14.58%
Shares Outstanding (Mil)	47.75	46.61	2.39%
Cumulative Contribution			9.61%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025

	Return	Correlation
CAKE	9.7%
Market (SPY)	15.8%	51.5%
Sector (XLY)	5.3%	56.3%

Fundamental Drivers

The 74.6% change in CAKE stock from 12/26/2022 to 12/25/2025 was primarily driven by a 184.5% change in the company's Net Income Margin (%).

	12262022	12252025	Change
Stock Price ($)	29.58	51.65	74.59%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3187.05	3711.21	16.45%
Net Income Margin (%)	1.52%	4.33%	184.55%
P/E Multiple	30.27	14.97	-50.54%
Shares Outstanding (Mil)	49.65	46.61	6.13%
Cumulative Contribution			73.94%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025

	Return	Correlation
CAKE	50.9%
Market (SPY)	48.3%	46.6%
Sector (XLY)	38.1%	49.5%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CAKE Return	-4%	6%	-17%	14%	39%	10%	48%
Peers Return	15%	2%	-8%	35%	43%	-3%	103%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
CAKE Win Rate	50%	58%	33%	50%	67%	50%
Peers Win Rate	60%	50%	38%	62%	58%	43%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
CAKE Max Drawdown	-61%	-4%	-32%	-8%	-8%	-7%
Peers Max Drawdown	-71%	-17%	-30%	-5%	-22%	-22%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DRI, EAT, TXRH, BLMN, BJRI. See CAKE Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	CAKE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-58.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	141.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1,098 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-64.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	179.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	293 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-46.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	86.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	2,163 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-81.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	442.9%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	510 days	1,480 days

Compare to MCD, CMG, YUM, DRI, EAT

In The Past

Cheesecake Factory's stock fell -58.6% during the 2022 Inflation Shock from a high on 5/7/2021. A -58.6% loss requires a 141.4% gain to breakeven.

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About Cheesecake Factory (CAKE)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of Fox Restaurant Concepts, as well as 29 The Cheesecake Factory restaurants under licensing agreements internationally. The Cheesecake Factory Incorporated was founded in 1972 and is headquartered in Calabasas, California.

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Here are 1-2 brief analogies to describe The Cheesecake Factory:

Amazon for sit-down meals: Known for an incredibly vast menu with something for every taste and preference, similar to how Amazon offers an immense variety of products.
A more upscale and diverse Applebee's: It's a casual dining chain, but offers a significantly broader menu, larger portions, signature desserts (cheesecakes), and a slightly more premium, consistent atmosphere than typical family dining restaurants like Applebee's or Chili's.

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Cheesecakes: A diverse selection of signature cheesecakes and other desserts available for dine-in, takeout, and wholesale.
Full-Service Restaurant Dining: Provides an extensive menu of appetizers, entrees, and various dishes within a casual dining atmosphere.
Beverages: Offers a wide array of alcoholic and non-alcoholic drinks, including cocktails, wine, beer, and soft drinks.
Gift Cards: Provides physical and digital gift cards for purchase, redeemable for food and beverages at their restaurants.

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The Cheesecake Factory (symbol: CAKE) primarily sells to **individuals**, not other companies. As such, the company serves various categories of direct consumers.

Customer Categories for The Cheesecake Factory (CAKE):

Casual Diners: This is the broadest category, encompassing individuals, couples, families, and groups of friends looking for a diverse menu in a comfortable, upscale-casual dining environment for lunch or dinner. These customers are seeking a reliable and varied dining experience with generous portion sizes.
Celebratory & Group Gatherings: Many customers choose The Cheesecake Factory for special occasions such as birthdays, anniversaries, graduations, or larger social gatherings. The extensive menu, accommodating atmosphere, and well-known desserts make it a popular choice for these celebratory events.
Dessert Enthusiasts/Takeout Customers: A significant portion of customers are drawn specifically to The Cheesecake Factory's famous and extensive selection of cheesecakes, whether for dine-in dessert after a meal, or for takeout to enjoy at home or at events. Additionally, customers seeking convenient takeout meals from their broad menu also fall into this category.

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David Overton, Chairman of the Board and Chief Executive Officer

David Overton co-founded The Cheesecake Factory's predecessor company in 1972 with his parents, Evelyn and Oscar Overton, and opened the first The Cheesecake Factory restaurant in Beverly Hills, California, in 1978. He has served as CEO since the company's incorporation in 1992. Mr. Overton is credited with creating additional concepts including Grand Lux Cafe, RockSugar Southeast Asian Kitchen (also known as RockSugar Pan Asian Kitchen), and Social Monk Asian Kitchen.

Matthew E. Clark, Executive Vice President and Chief Financial Officer

Matthew E. Clark was appointed Executive Vice President and Chief Financial Officer in 2017. He joined The Cheesecake Factory in 2006 as Vice President of Strategic Planning. Prior to joining the company, Mr. Clark held various finance positions at Groupe Danone, Kinko's, and The Walt Disney Company.

David M. Gordon, President

David M. Gordon was appointed President of the company in February 2013. He started at The Cheesecake Factory in 1993 as a Manager and progressed through several operational roles, including General Manager, Area Director of Operations, Regional Vice President, and Chief Operating Officer, before becoming President.

Scarlett May, Executive Vice President, General Counsel and Secretary

Scarlett May joined The Cheesecake Factory in 2018. Before her current role, she was Senior Vice President, General Counsel and Secretary at Brinker International, Inc. from 2014 to 2018. Prior to that, Ms. May served as Senior Vice President, Chief Legal Officer and Secretary for Ruby Tuesday, Inc.

Keith T. Carango, President, The Cheesecake Factory Bakery Incorporated

Keith T. Carango serves as President of The Cheesecake Factory Bakery Incorporated, a subsidiary of the company. He joined the bakery operations in 1996. Earlier in his career, Mr. Carango held manufacturing and finance roles at Frito-Lay, Inc. and Prince Foods.

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The Cheesecake Factory (CAKE) faces several key risks to its business, primarily stemming from macroeconomic factors and its financial structure:

Cautious Consumer Sentiment and Macroeconomic Pressures: The most significant risk is the prevailing cautious consumer sentiment and broader macroeconomic pressures, which can lead to reduced discretionary spending on dining out. This results in flat comparable restaurant sales and a "traffic problem," meaning fewer customers are visiting, directly impacting revenue despite strong brand loyalty.
Labor and Commodity Inflation: The company faces persistent cost inflation in both labor and commodities, which consistently pressures its profitability and net income margins. Managing these rising expenses through operational efficiency and productivity improvements is crucial to maintain margins.
High Financial Leverage and Debt: The Cheesecake Factory operates with a high degree of financial leverage, evidenced by a significant debt-to-equity ratio and substantial outstanding debt, including convertible senior notes due in 2026 and 2030. This financial structure presents a clear risk, requiring careful capital allocation decisions and potentially limiting flexibility for future investments.

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The clear emerging threat to Cheesecake Factory is the ongoing and accelerating shift in consumer dining preferences, particularly among younger demographics, away from large, undifferentiated full-service casual dining experiences towards more specialized, experiential, or value-driven alternatives. This trend effectively 'squeezes the middle' of the restaurant market, challenging CAKE's model of an extensive menu and large portions as consumers increasingly seek out fast-casual concepts offering specific cuisines or quick convenience, independent restaurants providing unique or local experiences, or even high-quality at-home dining solutions.

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The Cheesecake Factory (CAKE) operates a portfolio of full-service restaurants, including The Cheesecake Factory, North Italia, and other Fox Restaurant Concepts brands, predominantly in the United States and Canada. The company also has a bakery division that produces cheesecakes and other baked goods for its restaurants, international licensees, and third-party customers. The primary addressable markets for its main products and services are the full-service restaurant market in the U.S. and the global casual dining market.

U.S. Full-Service Restaurant Market: The addressable market for full-service restaurants in the United States is valued at approximately USD 360.91 billion in 2025. This market is projected to reach USD 617.47 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.33%.
Global Casual Dining Market: The global casual dining market size was valued at USD 333.02 billion in 2025. This market is expected to reach USD 575.5 billion by 2035, with a CAGR of 5.5% from 2025 to 2035. North America contributes 28% of the global casual dining market share.

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The Cheesecake Factory (CAKE) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * New Restaurant Openings and Expansion: The company plans significant unit growth across its portfolio of brands. In its current fiscal year (2025), The Cheesecake Factory aims to open as many as 25 new restaurants, including its flagship Cheesecake Factory locations, North Italia units, Flower Child locations, and other Fox Restaurant Concepts. Longer-term, there are goals to add approximately 85 more Cheesecake Factory restaurants in the U.S. to reach a total of 300, and potentially hundreds of North Italia, Flower Child, and Culinary Dropout locations. * Menu Innovation and New Product Introductions: A core strategy involves continuous menu innovation to maintain customer interest and appeal. The Cheesecake Factory has recently launched new dishes, including 14 new items within "Bites" and "Bowls" categories in 2025, which are reportedly resonating well with guests. This focus on culinary innovation is a key differentiator. * Growth of Acquired Brands: The performance and expansion of acquired concepts like North Italia and Flower Child are significant revenue drivers. North Italia and Flower Child have demonstrated substantial sales growth, with ambitious plans for further unit development for these brands. * Strategic Pricing: The Cheesecake Factory maintains a premium pricing strategy, adjusting prices based on location to optimize profitability while emphasizing value through large portions. Management's sales guidance has factored in menu pricing as crucial for achieving targeted margins, aiming to provide exceptional value without relying heavily on discounts. * Growth in Off-Premise Dining: The company has a strong and growing off-premise dining channel, encompassing takeout and delivery services. This segment accounted for 22% of total revenue in Q1 2025, up from 11% in fiscal year 2016, indicating its increasing importance as a revenue stream.

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Share Repurchases

The Cheesecake Factory has a standing authorization to repurchase up to 61.0 million shares of its common stock, with 59.7 million shares cumulatively repurchased at a total cost of $1,972.4 million through September 30, 2025.
The company repurchased approximately $63.132 million in shares during 2023 and $64.313 million in 2024.
Recent repurchases include $1.2 million in Q3 2025 for 18,900 shares and $0.1 million in Q2 2025 for 2,500 shares.

Share Issuance

In June 2021, The Cheesecake Factory completed offerings including $175 million of common stock, which, along with the conversion of preferred stock, increased shares outstanding by approximately 5.5 million shares as part of a recapitalization effort.

Capital Expenditures

Capital expenditures have shown an increasing trend, rising from $50.329 million in 2020 to $160.4 million in 2024.
Expected capital expenditures for fiscal year 2025 are projected to range between $190 million and $210 million.
The primary focus of these expenditures is on accelerating new unit development, with plans to open as many as 25 new restaurants in 2025 across its portfolio, including The Cheesecake Factory, North Italia, Flower Child, and other Fox Restaurant Concepts (FRC) brands.

Better Bets than Cheesecake Factory (CAKE)

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SECTOR: Consumer Discretionary

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Higher Rev Chg LTM (Value for CAKE: 4.9%)

MELI (36.9%)

MercadoLibre

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DoorDash

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Booking

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Higher Rev Chg 3Y Avg (Value for CAKE: 5.2%)

MELI (39.5%)

MercadoLibre

BKNG (17.8%)

Booking

AMZN (11.3%)

Amazon.com

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Tesla

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TJX Companies

Higher Op Mgn LTM (Value for CAKE: 6.7%)

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Booking

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Home Depot

AMZN (11.4%)

Amazon.com

TJX (11.3%)

TJX Companies

Higher CFO/Rev LTM (Value for CAKE: 8.6%)

MCD (39.9%)

McDonald's

BKNG (33.2%)

Booking

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

HD (10.6%)

Home Depot

Higher FCF/Rev LTM (Value for CAKE: 4.3%)

BKNG (31.9%)

Booking

MCD (28.1%)

McDonald's

HD (8.4%)

Home Depot

TJX (7.5%)

TJX Companies

TSLA (7.1%)

Tesla

Higher Total Yield (Value for CAKE: 8.9%)

F (12.2%)

Ford Motor

LEN (12.0%)

Lennar

PHM (12.0%)

PulteGroup

MGA (10.4%)

Magna International

DHI (9.4%)

D.R. Horton

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CVS Health

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Cencora

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CAKE: 5.2% | 9.6x)

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Enbridge

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PayPal

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ONEOK

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Meta Platforms

MSFT (15.6%)

Microsoft

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Alphabet

AAPL (6.0%)

Apple

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NVIDIA

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Broadcom

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Meta Platforms

MSFT (13.2%)

Microsoft

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for CAKE: 6.7%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

Higher CFO/Rev LTM (Value for CAKE: 8.6%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

Higher FCF/Rev LTM (Value for CAKE: 4.3%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

META (23.7%)

Meta Platforms

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

Higher Total Yield (Value for CAKE: 8.9%)

VZ (18.3%)

Verizon Communications

T (12.6%)

AT&T

MRK (10.2%)

Merck

UBER (9.8%)

Uber Technologies

XOM (9.2%)

Exxon Mobil

		Best Bets In Consumer Discretionary Sector
	CAKE	ABNB	BKNG	DUOL	MCD	ETSY	LOPE	ALSN	GRMN	CROX	WH
What You Pay
P/E	15.0	31.8	35.0	21.5	26.5	30.5	22.1	12.1	25.1	21.4	17.3
P/EBIT	12.9	30.9	21.0	78.3	18.3	13.4	14.7	8.9	22.2	18.6	10.2
What You Get
Rev Chg Q	4.8%	9.7%	12.7%	41.1%	3.0%	2.4%	9.6%	-15.9%	11.7%	3.4%	-3.5%
Rev Chg LTM	4.9%	10.2%	13.0%	39.9%	1.2%	2.0%	7.0%	-4.2%	16.6%	2.0%	3.4%
Rev Chg 3Y Avg	5.2%	14.2%	17.8%	41.7%	4.2%	4.9%	6.5%	4.6%	12.2%	14.5%	-2.5%
FCF/Rev 3Y Avg	2.8%	40.2%	35.6%	30.3%	27.4%	23.8%	21.8%	21.0%	20.5%	19.8%	19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Cheesecake Factory Earnings Notes
2	Cheesecake Factory Earnings Notes
3	Is Cheesecake Factory Stock Built to Withstand a Pullback?	Return
4	Cheesecake Factory vs UnitedHealth: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Cheesecake Factory vs General Motors: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Cheesecake Factory vs Portillos: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	Cheesecake Factory Stock vs Competition: Who Wins?	Peer Comparison
8	Better Bet Than CAKE Stock: Pay Less Than Cheesecake Factory To Get More From OKE, CCL
9	Better Bet Than CAKE Stock: Pay Less Than Cheesecake Factory To Get More From CCL, VVV
10	CAKE Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select ideas related to CAKE. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE	11302025	BBWI	Bath & Body Works	Dip Buy	DB \| Insider Buys \| Low D/EDip Buy with Strong Insider Buying Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	13.3%	13.3%	0.0%
HRB_11262025_Dip_Buyer_FCFYield	11262025	HRB	H&R Block	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.3%	5.3%	-0.1%
LRN_11262025_Dip_Buyer_FCFYield	11262025	LRN	Stride	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.4%	3.4%	-4.4%
ABNB_11212025_Dip_Buyer_FCFYield	11212025	ABNB	Airbnb	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	19.7%	19.7%	0.0%
MTN_11212025_Dip_Buyer_FCFYield	11212025	MTN	Vail Resorts	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.8%	1.8%	-1.6%
CAKE_6302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	06302022	CAKE	Cheesecake Factory	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	22.3%	35.1%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Cheesecake Factory

Peers to compare with:

Financials

	CAKE	DRI	EAT	TXRH	BLMN	BJRI	Median
Name	Cheeseca.	Darden R.	Brinker .	Texas Ro.	Bloomin .	BJ's Res.
Mkt Price	51.65	189.91	150.96	170.80	6.54	41.13	101.31
Mkt Cap	2.4	22.2	6.7	11.3	0.6	0.9	4.6
Rev LTM	3,711	12,364	5,594	5,834	3,953	1,388	4,774
Op Inc LTM	250	1,469	607	517	135	47	383
FCF LTM	158	1,068	470	341	100	49	249
FCF 3Y Avg	102	942	264	291	111	18	188
CFO LTM	320	1,768	737	747	277	124	529
CFO 3Y Avg	259	1,590	484	648	339	106	412

Growth & Margins

	CAKE	DRI	EAT	TXRH	BLMN	BJRI	Median
Name	Cheeseca.	Darden R.	Brinker .	Texas Ro.	Bloomin .	BJ's Res.
Rev Chg LTM	4.9%	8.3%	23.2%	14.4%	7.7%	3.9%	8.0%
Rev Chg 3Y Avg	5.2%	8.2%	13.2%	14.4%	-2.9%	4.2%	6.7%
Rev Chg Q	4.8%	10.4%	18.5%	12.8%	2.1%	1.4%	7.6%
QoQ Delta Rev Chg LTM	1.1%	2.4%	3.9%	2.9%	0.5%	0.3%	1.8%
Op Mgn LTM	6.7%	11.9%	10.9%	8.9%	3.4%	3.4%	7.8%
Op Mgn 3Y Avg	5.7%	11.8%	7.6%	8.6%	5.6%	2.4%	6.7%
QoQ Delta Op Mgn LTM	0.1%	-0.0%	0.6%	-0.4%	-0.5%	0.1%	0.0%
CFO/Rev LTM	8.6%	14.3%	13.2%	12.8%	7.0%	8.9%	10.9%
CFO/Rev 3Y Avg	7.2%	13.8%	9.8%	12.6%	8.5%	7.8%	9.2%
FCF/Rev LTM	4.3%	8.6%	8.4%	5.8%	2.5%	3.5%	5.1%
FCF/Rev 3Y Avg	2.8%	8.1%	5.2%	5.6%	2.8%	1.3%	4.0%

Valuation

	CAKE	DRI	EAT	TXRH	BLMN	BJRI	Median
Name	Cheeseca.	Darden R.	Brinker .	Texas Ro.	Bloomin .	BJ's Res.
Mkt Cap	2.4	22.2	6.7	11.3	0.6	0.9	4.6
P/S	0.6	1.8	1.2	1.9	0.1	0.6	0.9
P/EBIT	12.9	15.8	11.7	21.9	8.3	29.3	14.4
P/E	15.0	20.1	15.2	26.0	-9.6	29.1	17.7
P/CFO	7.5	12.5	9.2	15.2	2.0	7.3	8.3
Total Yield	8.9%	8.0%	6.6%	4.7%	0.2%	3.4%	5.6%
Dividend Yield	2.2%	3.0%	0.0%	0.8%	10.5%	0.0%	1.5%
FCF Yield 3Y Avg	5.0%	4.8%	7.4%	3.0%	9.4%	2.4%	4.9%
D/E	0.9	0.3	0.3	0.1	3.9	0.6	0.4
Net D/E	0.8	0.3	0.3	0.1	3.8	0.5	0.4

Returns

	CAKE	DRI	EAT	TXRH	BLMN	BJRI	Median
Name	Cheeseca.	Darden R.	Brinker .	Texas Ro.	Bloomin .	BJ's Res.
1M Rtn	9.9%	5.9%	0.8%	-2.7%	-5.2%	7.6%	3.4%
3M Rtn	-4.3%	2.4%	13.5%	5.2%	-8.3%	37.1%	3.8%
6M Rtn	-14.8%	-10.7%	-17.0%	-7.0%	-24.2%	-8.5%	-12.8%
12M Rtn	9.7%	4.8%	10.0%	-5.0%	-41.3%	16.6%	7.3%
3Y Rtn	74.6%	51.0%	358.3%	86.5%	-63.9%	48.2%	62.8%
1M Excs Rtn	11.4%	6.2%	4.2%	-2.9%	-0.7%	12.9%	5.2%
3M Excs Rtn	-9.3%	-2.6%	8.5%	0.2%	-13.2%	32.1%	-1.2%
6M Excs Rtn	-27.7%	-23.6%	-29.8%	-19.8%	-37.1%	-21.3%	-25.7%
12M Excs Rtn	-7.9%	-12.6%	-4.4%	-21.3%	-59.0%	1.5%	-10.2%
3Y Excs Rtn	0.3%	-30.2%	274.5%	7.2%	-145.1%	-30.1%	-14.9%

Comparison Analyses

	Title
0	Cheesecake Factory Stock vs Competition: Who Wins?
1	CAKE Looks Stronger Than MCD With 8.8% Return Potential
2	The Cheesecake Factory vs. Darden Restaurants: With Return Forecast Of -31%, Darden Restaurants Is A Better Bet
3	YUM Could Deliver 18% Returns And Outperform CAKE
4	EAT Could Deliver 27% Returns And Outperform CAKE
5	CAKE or CMG - With 40% Return Forecast, CMG Probably Deserves Your Money
6	The Cheesecake Factory vs. Marvell Technology Group: Similar Revenue, But Marvell Technology Group Is A Better Bet
7	The Cheesecake Factory vs. Cadence Design Systems: Similar Revenue, But The Cheesecake Factory Is A Better Bet
8	The Cheesecake Factory vs. Fortinet: Similar Revenue, But Fortinet Is A Better Bet
9	The Cheesecake Factory vs. Plexus: Similar Market Cap, But The Cheesecake Factory Is A Better Bet

FDIC Bank Data

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	1/2/2024	1/3/2023	12/28/2021	12/29/2020	12/31/2019
Filing Date	11/3/2025	2/24/2025	2/26/2024	2/27/2023	2/22/2022	2/24/2021	3/12/2020
Key Financials
Total Revenue	3,711	3,582	3,440	3,303	2,928	1,983	2,483
EBITDA	294	283	203	133	172	-256	231
Operating Income	250	222	175	101	134	-119	141
Net Income	161	157	101	43	72	-253	127
EPS	3.41	3.28	2.10	0.87	1.03	-6.32	2.90
Growth Rates
Total Revenue Growth	4.9%	4.1%	4.1%	12.8%	47.6%	-20.1%	6.4%
EBITDA Growth	21.2%	39.0%	53.1%	-22.8%	167.2%	-210.8%	9.9%
Operating Income Growth	20.9%	26.7%	74.2%	-24.8%	212.5%	-184.1%	-4.4%
Net Income Growth	25.3%	54.7%	135.0%	-40.4%	128.6%	-299.0%	28.5%
Margins
EBITDA Margin	7.9%	7.9%	5.9%	4.0%	5.9%	-12.9%	9.3%
Operating Income Margin	6.7%	6.2%	5.1%	3.0%	4.6%	-6.0%	5.7%
Net Income Margin	4.3%	4.4%	2.9%	1.3%	2.5%	-12.8%	5.1%
Cash & Debt
Total Cash	190	84	56	115	190	154	58
Total Debt	2,139	1,908	1,860	1,841	1,816	1,637	1,608
Net Debt / (Cash)	1,949	1,824	1,804	1,726	1,626	1,483	1,550
Cash Flows
Net Cash from Operations	320	268	218	162	213	3	219
Free Cash from Operations	158	107	65	49	145	-48	143
Returns to Shareholders
Dividends	53	53	53	42	19	16	61
Share Repurchases	143	18	46	63	450	4	51

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	7/1/2025	4/1/2025	12/31/2024	10/1/2024	7/2/2024	4/2/2024	1/2/2024	10/3/2023	7/4/2023	4/4/2023	1/3/2023
Filing Date	11/3/2025	8/4/2025	5/5/2025	2/24/2025	11/4/2024	8/5/2024	5/8/2024	2/26/2024	11/6/2023	8/7/2023	5/10/2023	2/27/2023
Key Financials Quarterly
Total Revenue	907	956	927	921	865	904	891	877	830	866	866	893
Ebitda	65	92	63	74	60	84	65	34	42	71	57	12
Operating Income	45	75	61	69	38	67	48	53	27	54	40	34
Net Income	32	55	33	41	30	52	33	13	18	43	28	-3
EPS	0.68	1.18	0.69	0.86	0.63	1.10	0.70	0.27	0.37	0.88	0.58	-0.07
Key Financials TTM
Total Revenue TTM	3,711	3,669	3,618	3,582	3,538	3,502	3,465	3,440	3,455	3,409	3,376	3,303
Ebitda TTM	294	288	280	283	242	225	211	203	181	160	140	133
Operating Income TTM	250	243	235	222	207	196	183	175	156	132	110	101
Net Income TTM	161	159	157	157	128	116	106	101	85	65	48	43
Growth Rates Quarterly
Total Revenue Growth	4.8%	5.7%	4.0%	5.0%	4.2%	4.4%	2.9%	-1.8%	5.9%	4.0%	9.1%	14.9%
EBITDA Growth	9.4%	9.4%	-3.3%	118.9%	42.3%	18.7%	14.4%	182.8%	104.8%	40.1%	14.2%	-49.9%
Operating Income Growth	16.7%	12.7%	27.0%	28.7%	40.5%	23.1%	19.7%	56.0%	750.3%	69.4%	29.6%	16.5%
Net Income Growth	6.4%	4.5%	-0.8%	224.5%	67.1%	22.9%	18.3%	484.5%	848.3%	66.3%	21.1%	-256.3%
Margins Quarterly
EBITDA Margin	7.2%	9.6%	6.8%	8.0%	6.9%	9.3%	7.3%	3.8%	5.0%	8.2%	6.6%	1.3%
Operating Income Margin	4.9%	7.9%	6.6%	7.5%	4.4%	7.4%	5.4%	6.1%	3.3%	6.2%	4.7%	3.8%
Net Income Margin	3.5%	5.7%	3.6%	4.5%	3.5%	5.8%	3.7%	1.4%	2.2%	4.9%	3.2%	-0.4%
Cash & Debt
Total Cash	190	149	135	84	52	41	60	56	64	92	116	115
Total Debt	2,139	2,100	2,102	1,908	1,888	1,880	1,861	1,860	1,861	1,840	1,827	1,841
Net Debt / (Cash)	1,949	1,951	1,967	1,824	1,836	1,839	1,801	1,804	1,797	1,749	1,711	1,726
Cash Flows Quarterly
FCF from Operations	91	57	79	94	80	28	67	68	49	36	65	63
Cash Flows TTM
FCF from Operations TTM	320	310	280	268	242	211	220	218	214	176	193	162
Returns to Shareholders Quarterly
Dividends	13	14	12	13	13	14	13	13	13	14	13	14
Share Repurchases	1	0	141	1	1	4	12	10	15	9	12	22
Return on Invested Capital (ROIC) Quarterly
ROIC	8.2%	13.6%	11.9%	13.7%	7.9%	13.5%	9.5%	11.8%	6.1%	11.7%	8.3%	1.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	11.6%	11.4%	11.1%	11.2%	11.0%	10.6%	10.2%	9.7%	8.7%	7.5%	6.4%	5.8%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
The Cheesecake Factory restaurants	1,572	1,625	1,653	1,672	1,701
Other	523	542	599	496	531
Other Fox Restaurant Concepts LLC (FRC)	399	302	276	309	310
North Italia	347	307	270	270	298
Total	2,840	2,775	2,798	2,747	2,841

Price Behavior

Price Behavior

Market Price	$51.65
Market Cap ($ Bil)	2.4
First Trading Date	09/18/1992
Distance from 52W High	-23.8%
	50 Days	200 Days
DMA Price	$49.20	$54.06
DMA Trend	down	down
Distance from DMA	5.0%	-4.5%
	3M	1YR
Volatility	32.9%	36.0%
Downside Capture	19.33	92.85
Upside Capture	-5.78	88.44
Correlation (SPY)	22.5%	51.6%

CAKE Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.61	0.68	0.61	0.93	0.98	0.99
Up Beta	0.52	1.88	1.73	1.32	0.94	1.07
Down Beta	-0.45	1.29	0.81	1.18	1.08	0.89
Up Capture	56%	-40%	-46%	31%	77%	87%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	19	25	63	123	363
Down Capture	88%	49%	85%	106%	101%	100%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	22	37	62	125	382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of CAKE With Other Asset Classes (Last 1Y)
	CAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.6%	8.3%	19.2%	71.9%	8.9%	6.0%	-10.1%
Annualized Volatility	35.8%	24.3%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	0.29	0.27	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		56.1%	51.2%	-3.0%	14.9%	48.6%	31.5%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CAKE With Other Asset Classes (Last 5Y)
	CAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	9.3%	9.8%	14.9%	18.7%	11.7%	4.8%	32.7%
Annualized Volatility	41.4%	23.8%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.34	0.37	0.70	0.97	0.51	0.17	0.60
Correlation With Other Assets		49.1%	44.3%	4.3%	8.8%	39.1%	21.7%

Based On 10-Year Data

		Comparison of CAKE With Other Asset Classes (Last 10Y)
	CAKE	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.2%	13.1%	14.7%	14.9%	6.9%	5.2%	69.3%
Annualized Volatility	43.9%	22.0%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.23	0.55	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		50.6%	49.6%	-0.2%	15.6%	46.7%	13.6%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	8,553,046
Short Interest: % Change Since 11302025	-1.1%
Average Daily Volume	903,806
Days-to-Cover Short Interest	9.46
Basic Shares Quantity	46,608,000
Short % of Basic Shares	18.4%

Returns Analyses

	Title
0	Is Cheesecake Factory Stock Built to Withstand a Pullback?
1	Cheesecake Factory Stock Return Comparison
2	The Cheesecake Factory Total Shareholder Return (TSR): -18.8% in 2022 and -6.5% 3-yr returns (below peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/28/2025	-7.3%	-12.1%	-11.6%
7/29/2025	5.2%	-2.5%	-1.6%
4/30/2025	-4.4%	-0.5%	10.1%
2/19/2025	1.3%	-1.2%	-10.1%
10/29/2024	8.8%	9.0%	16.7%
7/31/2024	-5.2%	-11.1%	1.8%
5/8/2024	6.2%	20.7%	15.0%
2/21/2024	3.2%	2.9%	3.7%
...
SUMMARY STATS
# Positive	13	11	13
# Negative	11	13	11
Median Positive	3.4%	5.8%	10.1%
Median Negative	-4.4%	-2.5%	-10.1%
Max Positive	8.8%	20.7%	34.3%
Max Negative	-13.2%	-20.8%	-49.2%

	Forward Returns
10/28/2025	-7.3%	-12.1%	-11.6%
7/29/2025	5.2%	-2.5%	-1.6%
4/30/2025	-4.4%	-0.5%	10.1%
2/19/2025	1.3%	-1.2%	-10.1%
10/29/2024	8.8%	9.0%	16.7%
7/31/2024	-5.2%	-11.1%	1.8%
5/8/2024	6.2%	20.7%	15.0%
2/21/2024	3.2%	2.9%	3.7%
11/1/2023	-2.0%	-1.6%	7.5%
8/2/2023	-1.1%	-0.6%	-12.1%
5/10/2023	-3.0%	3.1%	1.1%
2/22/2023	-5.1%	-6.1%	-15.3%
11/1/2022	-5.2%	-0.9%	2.3%
7/27/2022	4.9%	9.9%	19.7%
4/27/2022	2.0%	0.3%	-9.4%
2/16/2022	0.4%	2.8%	-6.8%
11/3/2021	2.0%	5.7%	-8.1%
7/27/2021	-13.2%	-20.8%	-18.6%
4/28/2021	7.1%	5.8%	-0.5%
2/17/2021	8.2%	17.3%	26.4%
10/29/2020	-0.7%	6.6%	25.2%
7/29/2020	-4.3%	-9.1%	7.0%
5/5/2020	1.0%	-0.9%	34.3%
2/19/2020	3.4%	-10.3%	-49.2%
SUMMARY STATS
# Positive	13	11	13
# Negative	11	13	11
Median Positive	3.4%	5.8%	10.1%
Median Negative	-4.4%	-2.5%	-10.1%
Max Positive	8.8%	20.7%	34.3%
Max Negative	-13.2%	-20.8%	-49.2%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11032025	10-Q 9/30/2025
6302025	8042025	10-Q 7/1/2025
3312025	5052025	10-Q 4/1/2025
12312024	2242025	10-K 12/31/2024
9302024	11042024	10-Q 10/1/2024
6302024	8052024	10-Q 7/2/2024
3312024	5082024	10-Q 4/2/2024
12312023	2262024	10-K 1/2/2024
9302023	11062023	10-Q 10/3/2023
6302023	8072023	10-Q 7/4/2023
3312023	5102023	10-Q 4/4/2023
12312022	2272023	10-K 1/3/2023
9302022	11022022	10-Q 9/27/2022
6302022	8012022	10-Q 6/28/2022
3312022	5022022	10-Q 3/29/2022
12312021	2222022	10-K 12/28/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Cheesecake Factory (CAKE)

Market Price (12/26/2025): $51.77 | Market Cap: $2.4 BilSector: Consumer Discretionary | Industry: Restaurants

Cheesecake Factory (CAKE)

Market Price (12/26/2025): $51.77Market Cap: $2.4 BilSector: Consumer DiscretionaryIndustry: Restaurants

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

CAKE Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

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In The Past

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About Cheesecake Factory (CAKE)

Customer Categories for The Cheesecake Factory (CAKE):

Share Repurchases

Share Issuance

Capital Expenditures

Interactive Breakdown

Better Bets than Cheesecake Factory (CAKE)

INDUSTRY: Restaurants

Higher Rev Chg 3Y Avg | Lower P/S (Values for CAKE: 5.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CAKE: 5.2% | 9.6x)

Higher Rev Chg LTM (Value for CAKE: 4.9%)

Higher Rev Chg 3Y Avg (Value for CAKE: 5.2%)

Higher Op Mgn LTM (Value for CAKE: 6.7%)

Higher CFO/Rev LTM (Value for CAKE: 8.6%)

Higher FCF/Rev LTM (Value for CAKE: 4.3%)

Higher Total Yield (Value for CAKE: 8.9%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for CAKE: 5.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CAKE: 5.2% | 9.6x)

Higher Rev Chg LTM (Value for CAKE: 4.9%)

Higher Rev Chg 3Y Avg (Value for CAKE: 5.2%)

Higher Op Mgn LTM (Value for CAKE: 6.7%)

Higher CFO/Rev LTM (Value for CAKE: 8.6%)

Higher FCF/Rev LTM (Value for CAKE: 4.3%)

Higher Total Yield (Value for CAKE: 8.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for CAKE: 5.2% | 0.6x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for CAKE: 5.2% | 9.6x)

Higher Rev Chg LTM (Value for CAKE: 4.9%)

Higher Rev Chg 3Y Avg (Value for CAKE: 5.2%)

Higher Op Mgn LTM (Value for CAKE: 6.7%)

Higher CFO/Rev LTM (Value for CAKE: 8.6%)

Higher FCF/Rev LTM (Value for CAKE: 4.3%)

Higher Total Yield (Value for CAKE: 8.9%)

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Market Price (12/26/2025): $51.77 | Market Cap: $2.4 Bil
Sector: Consumer Discretionary | Industry: Restaurants

Market Price (12/26/2025): $51.77
Market Cap: $2.4 Bil
Sector: Consumer Discretionary
Industry: Restaurants