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| Date | Value |
|---|---|
| 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% |