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Companies / Consumer Discretionary / CHEESECAKE FACTORY INC
CAKE

CHEESECAKE FACTORY INC

Consumer DiscretionaryRestaurants
Ticker CAKECALABASAS HILLS, CAFiscal year ends DecemberBook value per share $10.71Diluted shares 48.4M

The Cheesecake Factory Incorporated (NASDAQ: CAKE) operates as a leader in experiential dining with a portfolio of distinctive restaurant brands across the United States and Canada. The company's website is www.thecheesecakefactory.com. From the company’s description.

Fiscal year 2025 · ends 12-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.75B
+4.7% year over year
Last 12 mo $3.88B
4.99%
No change, year over year
Last 12 mo 5.27%
$148.43M
−5.3% year over year
Last 12 mo $178.62M
38.54%
+0.5 percentage points
Last 12 mo 34.42%
Cash & financing
$301.28M
+12.3% year over year
Last 12 mo $354.45M
$155.08M
+43.6% year over year
Last 12 mo $206.30M
1.44
Was 1.02× a year earlier
Last 12 mo 1.08
48.6M
−0.9% year over year
Last 12 mo 48.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CHEESECAKE FACTORY INC does

In the company’s own words

The Cheesecake Factory Incorporated (NASDAQ: CAKE) operates as a leader in experiential dining with a portfolio of distinctive restaurant brands across the United States and Canada. The company's website is www.thecheesecakefactory.com.

As of February 2026, the company operates 368 restaurants domestically and in Canada, complemented by 35 additional locations operating internationally under licensing agreements. The Cheesecake Factory brand comprises 216 locations and represents the company's flagship concept, offering an extensive menu of approximately 225 items prepared fresh daily in an upscale casual dining environment. The brand is renowned for its proprietary cheesecake and dessert offerings, which account for approximately 17 percent of sales, and its full-service bar operations representing 11 percent of sales. Off-premise sales, including delivery and to-go orders, comprise approximately 21 percent of The Cheesecake Factory restaurant sales.

The company has diversified its portfolio through multiple growth concepts. North Italia operates 48 locations, offering modern Italian cuisine in the upscale casual segment with wine and cocktail programs representing 23 percent of sales. Flower Child operates 43 fast casual locations featuring customizable, locally-sourced organic menu items, with off-premise sales comprising 55 percent of revenue. Fox Restaurant Concepts, operating as an independent subsidiary, manages 55 locations across multiple emerging brands including Culinary Dropout, The Henry, and Blanco.

The company's bakery division operates two production facilities in California and North Carolina, producing approximately 60 varieties of proprietary cheesecakes and baked goods for restaurant locations, international licensees, and third-party customers. The bakery operations support both on-premise dining and consumer packaged goods initiatives marketed under The Cheesecake Factory At Home brand.

As of December 2025, the company employed approximately 48,400 people, with roughly 47,075 working in restaurant operations and the remainder in corporate support, bakery facilities, and Fox Restaurant Concepts headquarters. The company maintains a comprehensive human capital strategy emphasizing culture, development, training, and total rewards, contributing to recognition as a Fortune 100 Best Companies to Work For employer for twelve consecutive years.

Company details
Sector
Consumer Discretionary
Industry
Restaurants
Headquarters
CALABASAS HILLS, CA
Fiscal year end
December
CIK
887596
SIC
5812

Financial performance, year by year

Fiscal 2012–2025 · USD
$-666.43M$572.76M$1.81B$3.05B$4.29B201220132014201520172018201920202021202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CHEESECAKE FACTORY INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

280
funds hold it
1 of 35
superinvestors hold it
$1.91B
held by funds, at market
53.4%
of shares held by funds
2
bond issues held by funds

Superinvestors in CHEESECAKE FACTORY INC · what they did last quarter

Polen CapitalINCREASED +34.1%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CHEESECAKE FACTORY INC’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.20%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.39%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

CHEESECAKE FACTORY INC’s bonds, as funds hold them

Funds report holding 2 issues of CHEESECAKE FACTORY INC’s debt, $90.38M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 1.80%, maturing 2026 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do CHEESECAKE FACTORY INC and its peers compare on margins and cash generation over ten years?”
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