CAKE Cheesecake Factory margins

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Relative Growth: Rel. Growth: 71
Relative Strength: Rel. Strength: 97
Relative Valuation: Rel. Valuation: 50
Relative Profitability: Rel. Profitability: 60
Gross margin
43.6%
Operating margin
5.3%
EBITDA margin
8.2%
Net margin
4.6%

Currently, Cheesecake Factory has a gross margin of 43.6%, an operating margin of 5.3%, an EBITDA margin of 8.2%, and a net margin of 4.6%. The largest positive change was in gross margin, up 0.8 percentage points. The largest negative change was in operating margin, down 0.1 percentage points.

CAKE margin history

Gross, operating, EBITDA and net margin trends

Cheesecake Factory's margins averaged 42.38% gross, 4.59% operating, 7.32% EBITDA, and 3.92% net during the last 3 years. Currently all four current margins are above their three-year averages.

CAKE margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.8 percentage points, EBITDA margin by 0.3 percentage points, and net margin by 0.3 percentage points, but operating margin contracted by 0.1 percentage points.

Gross margin expansion
0.8pp
Operating margin expansion
-0.1pp
EBITDA margin expansion
0.3pp
Net margin expansion
0.3pp

CAKE Gross margin

The average gross margin for Cheesecake Factory was 42.38% across the past 3 years. Against its three-year average, Cheesecake Factory's gross margin is currently 43.6%, 1.2 percentage points above its three-year average. The gross margin for Cheesecake Factory moved between 40.9% in Jan 2024 and 43.6% in Jun 2026.

CAKE Operating margin

Cheesecake Factory's operating margin averaged 4.59% during the last 3 years. The latest operating margin for Cheesecake Factory is 5.3%, 0.7 percentage points above its three-year average. Over the last 3 years, Cheesecake Factory's operating margin peaked at 5.4% in Sep 2025 and reached a low of 3.2% in Jan 2024.

CAKE EBITDA margin

Cheesecake Factory's EBITDA margin averaged 7.32% during the last 3 years. Compared with its three-year average, Cheesecake Factory's current EBITDA margin is 8.2% and is 0.9 percentage points above its three-year average. Over the last 3 years, Cheesecake Factory's EBITDA margin peaked at 8.2% in Jun 2026 and reached a low of 5.9% in Jan 2024.

CAKE Net margin

Over the last 3 years, Cheesecake Factory had an average net margin of 3.92%. Against its three-year average, Cheesecake Factory's net margin is currently 4.6%, 0.7 percentage points above its three-year average. Looking back over the last 3 years, Cheesecake Factory's net margin reached 4.6% at its highest point in Jun 2026 and 2.9% at its lowest in Jan 2024.

CAKE margin group comparison

Margins compared with peer-group, industry and sector averages

Cheesecake Factory's gross margin of 43.6% is higher than the Consumer Cyclical sector, the industry and its peers average. Looking at the Consumer Cyclical sector average of 36.2%, Cheesecake Factory's gross margin is 20% higher.

CAKE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Cheesecake Factory's gross margin?

As of Jun 30, 2026, CAKE has a gross margin of 43.6%.

What is Cheesecake Factory's operating margin?

As of Jun 30, 2026, CAKE has an operating margin of 5.3%.

What is Cheesecake Factory's EBITDA margin?

For the period ending Jun 30, 2026, CAKE recorded an EBITDA margin of 8.2%.

What is Cheesecake Factory's net margin?

For the period ending Jun 30, 2026, CAKE recorded a net margin of 4.6%.

What are the average margins of CAKE?

Looking back over 3 years, CAKE recorded average margins of 42.4% gross, 4.6% operating, 7.3% EBITDA, and 3.9% net.

What are the highest historical margins of CAKE?

Over this 5-year history, CAKE peaked at 43.6% gross in Jun 2026, 5.4% operating in Sep 2025, 8.2% EBITDA in Jun 2026, and 4.6% net in Jun 2026.

What are the lowest historical margins of CAKE?

Cheesecake Factory's lowest recorded margins during the past 5 years were 38.8% gross in Sep 2022, 1.2% operating in Jan 2023, 4% EBITDA in Jan 2023, and 1.3% net in Jan 2023.