Cheesecake Factory (CAKE) Gross Margin (2009 - 2026)
Cheesecake Factory's (CAKE) quarterly Gross Margin came in at 72.99% in Q1 2026, down 43.0% year-on-year from 128.06% in Q1 2025, and down 0.5% quarter-over-quarter from 73.36% in Q4 2025.
Cheesecake Factory (CAKE) Gross Margin (2009 - 2026) Analysis & Trends
Cheesecake Factory has disclosed Gross Margin across 18 years of filings, most recently posting 72.99% for Q1 2026.
- Gross Margin for Q1 2026 came in at 72.99%, down 43.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 72.87% (down 26.0% YoY), and the FY2025 annual result was 72.97%, down 25.0% from the prior year.
- Gross Margin came in at 72.99% for Q1 2026 at Cheesecake Factory, down 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.
- The 5-year median for Gross Margin is 73.29% (2023), against an average of 73.12%.
- Peak annual rise in Gross Margin reached 277 bps in 2022, while the deepest fall reached 97 bps in 2022.
- Cheesecake Factory's Gross Margin stood at 72.32% in 2022, then advanced by 0 bps to 72.35% in 2023, then increased by 1 bps to 73.17% in 2024, then increased by 0 bps to 73.36% in 2025, then retreated by 1 bps to 72.99% in 2026.
- The last three Gross Margin figures came in at 72.99% (Q1 2026), 73.36% (Q4 2025), and 71.81% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 114.58 Bn | 112.88 Bn | 9.40 Bn | 98.63% |
| 2 | Chipotle Mexican Grill | 42.15 Bn | 41.28 Bn | 2.61 Bn | 84.44% |
| 3 | Yum Brands | 42.13 Bn | 41.44 Bn | 1.38 Bn | 67.12% |
| 4 | Restaurant Brands International | 25.46 Bn | 25.99 Bn | 2.14 Bn | 94.61% |
| 5 | Darden Restaurants | 24.75 Bn | 24.51 Bn | 3.31 Bn | 98.82% |
| 6 | Yum China Holdings | 15.17 Bn | 13.74 Bn | 3.24 Bn | 99.05% |
| 7 | Texas Roadhouse | 11.72 Bn | 11.53 Bn | 1.40 Bn | 86.00% |
| 8 | Dominos Pizza | 10.51 Bn | 10.28 Bn | 464.51 Mn | 40.37% |
| 9 | Cava | 10.34 Bn | 9.94 Bn | 797.57 Mn | 290.04% |
| 10 | Cheesecake Factory | 3.60 Bn | 3.36 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 | 59.05% |
| Sep 28, 2021 | 73.29% |
| Jun 29, 2021 | 74.06% |
| Mar 30, 2021 | 71.07% |