Stocktoria

CHEESECAKE FACTORY INC CAKE

Nasdaq · stock · Retail-Eating Places · website · IPO 1992-09-18

CHEESECAKE FACTORY INC statistics & valuation

Market cap$4.0B
P / E26.9×
P / S1.1×
P / B9.2×
P / FCF25.8×
Dividend yield1.31%
Net margin4.0%
Return on equity34.0%
FCF margin4.1%
Net debt$345.5M
Net debt / EBITDA1.2×
Enterprise value USD$4.3B
EV / EBITDA14.6×
Earnings yield EBIT/EV4.3%
Return on capital7.5%
Graham number -79%$24.60

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($24.60); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.20% 5.10% -12.80% 2.50% 1.30% 2.90% 4.40% 4.00% 2017201820192019202020212023202420242025
Gross margin (%)
2017201820192019202020212023202420242025
Operating margin (%)
8.80% 6.80% 5.10% 4.20% -17.50% 2.80% 1.20% 3.20% 5.00% 5.00% 2017201820192019202020212023202420242025
Return on equity (%)
17.30% 22.30% -87.80% 21.90% 14.80% 31.90% 35.40% 34.00% 2017201820192019202020212023202420242025
Shares outstanding
49.4M 48.2M 46.2M 44.5M 43.9M 48.5M 51.2M 50.7M 51.3M 49.6M 2017201820192019202020212023202420242025
Net debt ($)
$4.0M -$16.6M $231.6M $125.9M $276.4M $353.3M $413.8M $367.9M $345.5M 2017201820192019202020212023202420242025
Share buybacks ($)
2017201820192019202020212023202420242025
Return on assets (%)
7.50% 4.50% -9.20% 2.60% 1.60% 3.60% 5.20% 4.60% 2017201820192019202020212023202420242025
Free cash flow margin (%)
8.80% 5.20% 8.10% 5.80% -2.40% 5.00% 1.50% 1.90% 3.00% 4.10% 2017201820192019202020212023202420242025
Debt / equity (×)
0.02× 0.02× 0.51× 0.97× 1.41× 1.60× 1.48× 1.02× 1.29× 2017201820192019202020212023202420242025
EPS ($)
$2.83 $3.27 $2.14 $2.86 -$6.32 $1.01 $0.86 $2.07 $3.20 $3.06 2017201820192019202020212023202420242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CHEESECAKE FACTORY INC trades at about 38.3× earnings — above its 10-year norm (10-year range 13.4×–45.6×, median 21×).

13.4× 45.6×

Shaded band = 10-year range (13.4×–45.6×); dot = today's 38.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2024FY2023FY2021FY2020FY2019FY2019FY2018FY2017
Operating margin5.0%5.0%3.2%1.2%2.8%-17.5%4.2%5.1%6.8%8.8%
Net margin4.0%4.4%2.9%1.3%2.5%-12.8%5.1%4.2%——
FCF margin4.1%3.0%1.9%1.5%5.0%-2.4%5.8%8.1%5.2%8.8%
Return on assets4.6%5.2%3.6%1.6%2.6%-9.2%4.5%7.5%——
Return on equity34.0%35.4%31.9%14.8%21.9%-87.8%22.3%17.3%——
Debt / equity1.29×1.02×1.48×1.60×1.41×0.97×0.51×0.02×0.02×—
Current ratio0.590.470.460.530.640.580.400.470.520.59

Computed from company filings · US · as of 2025-12-30. Facts plus Stocktoria's own computed scores — not investment advice.