# The Cheesecake Factory Incorporated (CAKE)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $3.64B  
**Price:** $74.98 (+6.17%)

> The Cheesecake Factory Incorporated operates and licenses a portfolio of casual dining restaurants primarily in the United States and Canada. It runs establishments under prominent brands such as The Cheesecake Factory, known for its extensive menu featuring appetizers, pizzas, seafood, steaks, chicken, burgers, pastas, salads, sandwiches, omelettes, and gluten-free options, alongside legendary cheesecakes and desserts. The company also manages North Italia, specializing in Italian cuisine, Flower Child, focusing on healthy dining, and other concepts under Fox Restaurant Concepts. Complementing its restaurant operations, The Cheesecake Factory Incorporated maintains bakeries that produce cheesecakes and baked goods supplied to its venues, international licensees, third-party foodservice operators, retailers, and distributors. This diversified approach positions it as a key player in the casual dining sector, serving a broad customer base with generous portions and varied culinary experiences. Founded in 1972 and headquartered in Calabasas Hills, California, the company emphasizes operational excellence across its restaurant and bakery segments.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.75B | — | $187M | $148M | — |
| 2024 | $3.58B | — | $178M | $157M | — |
| 2024 | $3.44B | — | $109M | $101M | — |
| 2023 | $3.30B | — | $39M | $43M | — |
| 2021 | $2.93B | $2.27B | $82M | $72M | — |
| 2020 | $1.98B | $1.52B | -$347M | -$253M | — |
| 2019 | $2.48B | $1.92B | $104M | $127M | — |
| 2019 | $2.33B | $1.80B | $119M | $99M | — |
| 2018 | $2.26B | $1.74B | $153M | — | — |
| 2017 | $2.28B | $1.75B | $201M | — | — |
| 2015 | $2.10B | $1.60B | $165M | — | — |
| 2014 | $1.98B | $1.49B | $145M | — | — |
| 2013 | $1.88B | $1.42B | $161M | — | — |
| 2013 | $1.81B | $1.36B | $139M | — | — |
| 2012 | $1.76B | $1.31B | $133M | — | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $3.26B | $2.83B | $436M | $216M | $561M |
| 2024 | $3.04B | $2.60B | $443M | $84M | $452M |
| 2024 | $2.84B | $2.52B | $318M | $56M | $470M |
| 2023 | $2.78B | $2.48B | $292M | $115M | $468M |
| 2021 | $2.80B | $2.47B | $330M | $190M | $466M |
| 2020 | $2.75B | $2.46B | $289M | $154M | $280M |
| 2019 | $2.84B | $2.27B | $572M | $58M | $290M |
| 2019 | $1.31B | $743M | $571M | $27M | $10M |
| 2018 | $1.33B | $720M | $614M | $6M | $10M |
| 2017 | $1.29B | $690M | $603M | $54M | — |
| 2015 | $1.23B | $645M | $589M | $44M | — |
| 2014 | $1.16B | $605M | $557M | $58M | — |
| 2013 | $1.11B | $531M | $577M | $62M | — |
| 2013 | $1.09B | $512M | $580M | $84M | — |
| 2012 | $1.02B | $480M | $543M | $48M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $301M | $146M | $155M |
| 2024 | $268M | $160M | $108M |
| 2024 | $218M | $152M | $67M |
| 2023 | $162M | $112M | $49M |
| 2021 | $213M | $67M | $146M |
| 2020 | $3M | $50M | -$47M |
| 2019 | $219M | $74M | $145M |
| 2019 | $291M | $103M | $188M |
| 2018 | $239M | $121M | $118M |
| 2017 | $316M | $116M | $201M |
| 2015 | $248M | $154M | $94M |
| 2010 | $165M | $42M | $123M |
| 2009 | $197M | $37M | $160M |
| 2008 | $169M | $85M | $84M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CAKE)