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CAKEThe Cheesecake Factory Incorporated
$104.41$5.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CAKE logo

The Cheesecake Factory Incorporated

CAKE
NASDAQ · Restaurants
$104.41
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$5.19B
P/E34.0x
52W High$118.46
Volume1.78M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Growth Masks Lease-Adjusted Leverage Risk

The Cheesecake Factory is demonstrating accelerating revenue momentum, with 7.7% year-over-year growth in 2026Q2 and operating leverage driving a 43% sequential increase in operating income. However, the company's reported debt-to-equity of 4.01 understates tr...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

CAKE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

+23% Peers

P/E is 23% above peer median

03

Market leadership

RS 91 · Leader

High momentum (Outperforming 91% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 28

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CAKE+99.41%
S&P 500 (^GSPC)+12.39%
1-Year Return
CAKE+93.94%
S&P 500 (^GSPC)+15.77%
3-Year Return
CAKE+272.42%
S&P 500 (^GSPC)+80.72%
5-Year Return
CAKE+132.24%
S&P 500 (^GSPC)+63.76%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
34.0x
Forward P/EExpansion
23.1x
EV/EBITDA100th %ile
28.5x
FCF YieldCash Flow
3.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
34.0x
16.9x
60th· Fair
EV/EBITDA
28.5x
19.1x
100th· High
Price/FCF
33.5x
21.5x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.75B+4.7% YoY
Net income
$148M-5.3% YoY
Free cash flow
$155M+43.6% YoY
Operating margin
5%+0.0 pts YoY
ROIC (TTM)4.7%
Avg ROIC 5Y-
ROE (TTM)33.7%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
$1.44+22.0%
vs $1.18
$1.0B+3.0%
vs $1000M
Q2 2026
Apr 29, 2026
$1.05+1.9%
vs $1.03
$979M+1.5%
vs $965M
Q1 2026
Feb 18, 2026
$1.00+2.0%
vs $0.98
$962M+1.3%
vs $949M
Q4 2025
Oct 28, 2025
$0.68+13.3%
vs $0.60
$907M-4.4%
vs $949M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·6d ago
Corient Private Wealth LP Has $8.03 Million Stock Holdings in The Cheesecake Factory Incorporated $CAKE

Corient Private Wealth LP lifted its holdings in The Cheesecake Factory Incorporated (NASDAQ: CAKE) by 269.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,951 shares of the restaurant operator's stock after buying an additional 73,659 shares during the quarter. Corient Private

The Motley Fool·6d ago
The Fed Hiked Interest Rates for the First Time in 3 Years to Slow Down Inflation and Deliver Price Stability. Here's What That Means for Restaurant Stocks.

Rate hikes may reshape dining choices, but they don't mean consumers are exiting. Winners will look to increase consumer traffic without compromising profitability.

Zacks Investment Research·6d ago
CAKE Stock Up 72% in 6 Months: Can Its Discount P/E Fuel More Gains?

CAKE stock has surged 72% in six months, but its below-industry P/E, strong Q2 results and rising earnings estimates could fuel further gains.

Zacks Investment Research·Sep 11, 2026
Why Cheesecake Factory (CAKE) is a Top Growth Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Filtered for The Cheesecake Factory IncorporatedMore Headlines
04

Compare before deciding

Benchmark CAKE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for The Cheesecake Factory Incorporated (CAKE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CAKE logoCAKEThe Cheesecake Factory IncorporatedCurrent
$104.41$5.19B34.014.75%3.96%33.74%1.03%
DRI logoDRIDarden Restaurants, Inc.
$213.79$24.49B20.589.39%9.13%56.01%—
TXRH logoTXRHTexas Roadhouse, Inc.
$164.84$10.83B27.029.39%6.63%27.2%—
BLMN logoBLMNBloomin' Brands, Inc.
$8.55$732M135.500.14%0.7%7.28%—
EAT logoEATBrinker International, Inc.
$210.80$9.04B19.397.86%8.39%123.85%—
DENN logoDENNDenny's Corporation
$6.25$321.87M15.24-2.5%2.24%——

Compare CAKE vs Peers

The Cheesecake Factory Incorporated (CAKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DRI

Most directly comparable listed peer for CAKE.

Scale Benchmark

vs MCD

Larger-name benchmark to compare CAKE against a more recognizable public peer.

Peer Set

Compare Top 5

vs DRI, TXRH, BLMN, EAT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CAKE SEC Filings & Documents

The Cheesecake Factory Incorporated (CAKE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

Apr 29, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 24, 2025·SEC

FY 2024

Feb 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 3, 2026·SEC

FY 2026

May 4, 2026·SEC

FY 2025

Nov 3, 2025·SEC

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CAKE Frequently Asked Questions

The Cheesecake Factory Incorporated (CAKE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The Cheesecake Factory Incorporated's revenue?

The Cheesecake Factory Incorporated (CAKE) reported $3.88B in revenue for fiscal year 2025. This represents a 2319% increase from $160.3M in 1996.

How fast is The Cheesecake Factory Incorporated growing?

The Cheesecake Factory Incorporated (CAKE) grew revenue by 4.7% over the past year. Growth has been modest.

Is CAKE profitable?

Yes, The Cheesecake Factory Incorporated (CAKE) is profitable, generating $178.6M in net income for fiscal year 2025 (4.0% net margin).

Dividend & Returns
Does CAKE pay dividends?

Yes, The Cheesecake Factory Incorporated (CAKE) pays a dividend with a yield of 1.03%. This makes it attractive for income-focused investors.

What is CAKE's return on equity?

The Cheesecake Factory Incorporated (CAKE) has a return on equity (ROE) of 33.7%. This is excellent, indicating efficient use of shareholder capital.

What is The Cheesecake Factory Incorporated's free cash flow?

The Cheesecake Factory Incorporated (CAKE) generated $206.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CAKE back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →