Cheesecake Factory (CAKE) Gross Margin (2009 - 2026)

Cheesecake Factory (CAKE) reported Gross Margin of 72.99% for Q1 2026, down 43.0% on a YoY basis from 128.06% in Q1 2025, and down 0.5% sequentially from 73.36% in Q4 2025.

Cheesecake Factory (CAKE) Gross Margin (2009 - 2026) Analysis & Trends

Cheesecake Factory (CAKE) has 18 years of Gross Margin data on file, last reported at 72.99% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 43.0% year-over-year to 72.99%; the trailing twelve-month figure through Mar 2026 stood at 72.87% (down 26.0% YoY), and the FY2025 full-year result was 72.97%, down 25.0% from the prior year.
  • Gross Margin declined to 72.99% in Q1 2026, from 73.36% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 73.84% in Q1 2022 to a low of 71.81% in Q3 2025.
  • A 5-year average of 73.12% and a median of 73.29% in 2023 frame the typical range for Gross Margin.
  • Peak annual rise in Gross Margin reached 277 bps in 2022, while the deepest fall reached 522 bps in 2022.
  • Tracing CAKE's Gross Margin over 5 years: stood at 72.32% in 2022, then gained by 0 bps to 72.35% in 2023, then grew by 1 bps to 73.17% in 2024, then grew by 0 bps to 73.36% in 2025, then fell by 1 bps to 72.99% in 2026.
  • Business Quant data shows CAKE's Gross Margin at 72.99% in Q1 2026, 73.36% in Q4 2025, and 71.81% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 66.34%
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn 84.44%
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn 67.12%
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn 94.61%
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn 98.84%
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn 70.56%
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 86.00%
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn 40.04%
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn 23.14%
10 Cheesecake Factory 3.93 Bn 3.70 Bn 714.48 Mn 72.99%

Historic Data

Download Data
DateValue
Mar 31, 2026 72.99%
Dec 30, 2025 73.36%
Sep 30, 2025 71.81%
Jul 1, 2025 73.25%
Apr 1, 2025 73.42%
Dec 31, 2024 73.17%
Oct 1, 2024 72.33%
Jul 2, 2024 73.55%
Apr 2, 2024 73.80%
Jan 2, 2024 72.93%
Oct 3, 2023 72.35%
Jul 4, 2023 73.79%
Apr 4, 2023 73.34%
Sep 27, 2022 72.32%
Jun 28, 2022 73.67%
Mar 29, 2022 73.84%
Dec 28, 2021 72.99%
Sep 28, 2021 77.54%
Jun 29, 2021 74.06%
Mar 30, 2021 71.07%