CAVA Group, Inc. (CAVA) 10-Year Financial Performance & Capital Metrics

CAVA • • Industrial / General

Consumer CyclicalRestaurantsFast CasualMediterranean & Mexican

AboutCAVA Group, Inc. owns and operates a chain of Mediterranean restaurants. The company offers salads, dips, spreads, toppings, and dressings. It sells its products through whole food markets and grocery stores. The company also provides online food ordering services. Cava Group, Inc. was founded in 2006 and is based in Washington, District of Columbia.Show more

Revenue $964M +32.3%
EBITDA $103M +98.4%
Net Income $130M +881.3%
EPS (Diluted) 1.10 +816.7%
Gross Margin 25.09% +1.4%
EBITDA Margin 10.74% +50.0%
Operating Margin 4.47% +590.0%
Net Margin 13.52% +642.0%
ROE 20.58% -5.2%
ROIC 5.04% +185.8%
Debt/Equity 0.54 -7.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 21.1%
✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Trading more than 30% below 52-week high
✗Expensive at 12.2x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y24.44%

TTM28.21%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM230.06%

EPS CAGR

10Y-

5Y-

3Y-

TTM221.62%

ROCE

10Y Avg-6.64%

5Y Avg-6.64%

3Y Avg-3.19%

Latest4.51%

Peer Comparison

Mediterranean & Mexican

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CAVACAVA Group, Inc.	8.35B	72.00	65.45	32.25%	12.98%	18.74%	0.63%	0.54
CMGChipotle Mexican Grill, Inc.	53.37B	40.36	36.36	14.61%	13.04%	47.69%	2.83%	1.24

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	500.07M	564.12M	728.7M	963.71M
Revenue Growth %	-	0.13%	0.29%	0.32%
Cost of Goods Sold+	417.92M	466.13M	548.35M	721.91M
COGS % of Revenue	0.84%	0.83%	0.75%	0.75%
Gross Profit+	82.15M	97.98M	180.35M	241.81M
Gross Margin %	0.16%	0.17%	0.25%	0.25%
Gross Profit Growth %	-	0.19%	0.84%	0.34%
Operating Expenses+	134.91M	157.75M	175.62M	198.69M
OpEx % of Revenue	0.27%	0.28%	0.24%	0.21%
Selling, General & Admin	64.79M	70.04M	101.49M	120.5M
SG&A % of Revenue	0.13%	0.12%	0.14%	0.13%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	70.11M	87.71M	74.13M	78.19M
Operating Income+	-52.75M	-59.77M	4.72M	43.12M
Operating Margin %	-0.11%	-0.11%	0.01%	0.04%
Operating Income Growth %	-	-0.13%	1.08%	8.13%
EBITDA+	-8.21M	-17.04M	52.16M	103.47M
EBITDA Margin %	-0.02%	-0.03%	0.07%	0.11%
EBITDA Growth %	-	-1.07%	4.06%	0.98%
D&A (Non-Cash Add-back)	44.54M	42.72M	47.43M	60.35M
EBIT	-32.46M	-14.78M	31.42M	60.95M
Net Interest Income+	-4.81M	-47K	8.85M	0
Interest Income	0	0	8.85M	0
Interest Expense	4.81M	47K	0	0
Other Income/Expense	15.48M	872K	9.32M	16.79M
Pretax Income+	-37.27M	-58.89M	14.05M	59.91M
Pretax Margin %	-0.07%	-0.1%	0.02%	0.06%
Income Tax+	117K	93K	768K	-70.41M
Effective Tax Rate %	1%	1%	0.95%	2.18%
Net Income+	-37.39M	-58.99M	13.28M	130.32M
Net Margin %	-0.07%	-0.1%	0.02%	0.14%
Net Income Growth %	-	-0.58%	1.23%	8.81%
Net Income (Continuing)	-37.39M	-58.99M	13.28M	130.32M
Discontinued Operations	0	0	0	0
Minority Interest	0	0	0	0
EPS (Diluted)+	-0.39	-0.61	0.12	1.10
EPS Growth %	-	-0.56%	1.2%	8.17%
EPS (Basic)	-0.39	-0.61	0.12	1.14
Diluted Shares Outstanding	96.85M	96.85M	113.59M	118.27M
Basic Shares Outstanding	96.85M	96.85M	113.59M	114.29M
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	154.39M	58.15M	354.91M	394.15M
Cash & Short-Term Investments	140.33M	39.13M	332.43M	366.12M
Cash Only	140.33M	39.13M	332.43M	366.12M
Short-Term Investments	0	0	0	0
Accounts Receivable	6.06M	7.74M	11.88M	13M
Days Sales Outstanding	4.42	5	5.95	4.92
Inventory	3.64M	5.14M	5.64M	7.6M
Days Inventory Outstanding	3.18	4.02	3.75	3.84
Other Current Assets	0	0	4.96M	7.44M
Total Non-Current Assets+	207.8M	525.73M	628.85M	775.56M
Property, Plant & Equipment	194.94M	516.86M	620.18M	694.73M
Fixed Asset Turnover	2.57x	1.09x	1.17x	1.39x
Goodwill	1.94M	1.94M	1.94M	1.94M
Intangible Assets	7.3M	1.38M	1.35M	1.4M
Long-Term Investments	0	0	0	0
Other Non-Current Assets	3.61M	5.55M	5.37M	5.95M
Total Assets+	362.19M	583.88M	983.76M	1.17B
Asset Turnover	1.38x	0.97x	0.74x	0.82x
Asset Growth %	-	0.61%	0.68%	0.19%
Total Current Liabilities+	51.73M	84.32M	109.04M	132.64M
Accounts Payable	13.97M	14.31M	17.23M	25.57M
Days Payables Outstanding	12.21	11.21	11.47	12.93
Short-Term Debt	0	0	0	0
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	0	0	0	0
Current Ratio	2.98x	0.69x	3.25x	2.97x
Quick Ratio	2.91x	0.63x	3.20x	2.91x
Cash Conversion Cycle	-4.6	-2.18	-1.77	-4.17
Total Non-Current Liabilities+	703.49M	948.07M	303.92M	341.47M
Long-Term Debt	0	0	0	0
Capital Lease Obligations	15.34M	285.19M	303.62M	341.47M
Deferred Tax Liabilities	23K	28K	79K	0
Other Non-Current Liabilities	688.12M	662.85M	225K	0
Total Liabilities	755.22M	1.03B	412.95M	474.1M
Total Debt+	15.34M	314.73M	336.2M	378.71M
Net Debt	-124.99M	275.61M	3.77M	12.59M
Debt / Equity	-	-	0.59x	0.54x
Debt / EBITDA	-	-	6.45x	3.66x
Net Debt / EBITDA	-	-	0.07x	0.12x
Interest Coverage	-10.97x	-1271.62x	-	-
Total Equity+	-393.02M	-448.5M	570.8M	695.57M
Equity Growth %	-	-0.14%	2.27%	0.22%
Book Value per Share	-4.06	-4.63	5.03	5.88
Total Shareholders' Equity	-393.02M	-448.5M	570.8M	695.57M
Common Stock	0	0	11K	12K
Retained Earnings	-402.53M	-460.94M	-447.66M	-317.34M
Treasury Stock	-5.71M	-6.62M	-9.73M	-34.38M
Accumulated OCI	0	0	0	0
Minority Interest	0	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.39M	6.04M	97.1M	161.03M
Operating CF Margin %	0.01%	0.01%	0.13%	0.17%
Operating CF Growth %	-	0.78%	15.08%	0.66%
Net Income	-37.39M	-58.99M	13.28M	130.32M
Depreciation & Amortization	44.45M	42.72M	47.43M	60.35M
Stock-Based Compensation	5.35M	3.8M	9.36M	13.6M
Deferred Taxes	3K	5K	50K	-71.62M
Other Non-Cash Items	-9.46M	19.75M	4.9M	5.05M
Working Capital Changes	446K	-1.26M	22.08M	23.31M
Change in Receivables	-903K	-35.86M	-24.67M	-33.6M
Change in Inventory	-1.16M	-1.5M	-498K	-1.96M
Change in Payables	-555K	336K	2.55M	8.9M
Cash from Investing+	-56.31M	-104.16M	-138.81M	-108.13M
Capital Expenditures	-56.41M	-104.32M	-138.81M	-108.13M
CapEx % of Revenue	0.11%	0.18%	0.19%	0.11%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	0	0	0	0
Cash from Financing+	143.15M	-3.08M	335.01M	-19.2M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	190.5M	-2.06M	-8.86M	-24.65M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-53.02M	-98.28M	-41.7M	52.9M
FCF Margin %	-0.11%	-0.17%	-0.06%	0.05%
FCF Growth %	-	-0.85%	0.58%	2.27%
FCF per Share	-0.55	-1.01	-0.37	0.45
FCF Conversion (FCF/Net Income)	-0.09x	-0.10x	7.31x	1.24x
Interest Paid	4.79M	161K	0	0
Taxes Paid	212K	523K	523K	2.53M

Key Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-	-	21.72%	20.58%
Return on Invested Capital (ROIC)	-	-	1.76%	5.04%
Gross Margin	16.43%	17.37%	24.75%	25.09%
Net Margin	-7.48%	-10.46%	1.82%	13.52%
Debt / Equity	-	-	0.59x	0.54x
Interest Coverage	-10.97x	-1271.62x	-	-
FCF Conversion	-0.09x	-0.10x	7.31x	1.24x
Revenue Growth	-	12.81%	29.17%	32.25%

Revenue by Segment

	2024
Gift Cards	2M
Gift Cards Growth	-

Frequently Asked Questions

Valuation & Price

CAVA Group, Inc. (CAVA) has a price-to-earnings (P/E) ratio of 65.5x. This suggests investors expect higher future growth.

Growth & Financials

CAVA Group, Inc. (CAVA) reported $1.08B in revenue for fiscal year 2024. This represents a 117% increase from $500.1M in 2021.

CAVA Group, Inc. (CAVA) grew revenue by 32.3% over the past year. This is strong growth.

Yes, CAVA Group, Inc. (CAVA) is profitable, generating $140.7M in net income for fiscal year 2024 (13.5% net margin).

Dividend & Returns

CAVA Group, Inc. (CAVA) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.

CAVA Group, Inc. (CAVA) generated $47.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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