Cheesecake Factory (CAKE) Operating Margin (2009 - 2026)
Cheesecake Factory (CAKE) reported Operating Margin of 5.62% for Q1 2026, up 2.0% on a YoY basis from 5.51% in Q1 2025, and up 62.7% sequentially from 3.46% in Q4 2025.
Cheesecake Factory (CAKE) Operating Margin (2009 - 2026) Analysis & Trends
Cheesecake Factory (CAKE) has 18 years of Operating Margin data on file, last reported at 5.62% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2.0% year-over-year to 5.62%; the trailing twelve-month figure through Mar 2026 stood at 5.01% (down 27.0% YoY), and the FY2025 full-year result was 4.99%, up 1.0% from the prior year.
- Operating Margin climbed to 5.62% in Q1 2026, from 3.46% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 6.78% in Q3 2025 to a low of 0.28% in Q3 2022.
- A 5-year average of 4.32% and a median of 4.26% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 444 bps in 2022 and surged 257 bps in 2023, its largest moves.
- Tracing CAKE's Operating Margin over 5 years: stood at 0.28% in 2022, then jumped by 915 bps to 2.29% in 2023, then soared by 121 bps to 5.06% in 2024, then slumped by 32 bps to 3.46% in 2025, then surged by 63 bps to 5.62% in 2026.
- Business Quant data shows CAKE's Operating Margin at 5.62% in Q1 2026, 3.46% in Q4 2025, and 4.11% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Starbucks | 117.61 Bn | 115.91 Bn | 6.32 Bn | 8.69% |
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| 4 | Restaurant Brands International | 25.13 Bn | 25.66 Bn | 2.14 Bn | 26.77% |
| 5 | Darden Restaurants | 22.23 Bn | 21.99 Bn | 3.68 Bn | 13.90% |
| 6 | Yum China Holdings | 15.22 Bn | 14.47 Bn | 2.31 Bn | 13.67% |
| 7 | Texas Roadhouse | 12.56 Bn | 12.37 Bn | 1.40 Bn | 8.96% |
| 8 | Dominos Pizza | 10.74 Bn | 10.60 Bn | 478.23 Mn | 19.43% |
| 9 | Dutch Bros | 8.14 Bn | 8.10 Bn | 107.48 Mn | 7.39% |
| 10 | Cheesecake Factory | 3.93 Bn | 3.70 Bn | 714.48 Mn | 5.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.62% |
| Dec 30, 2025 | 3.46% |
| Sep 30, 2025 | 4.11% |
| Jul 1, 2025 | 6.78% |
| Apr 1, 2025 | 5.60% |
| Dec 31, 2024 | 5.06% |
| Oct 1, 2024 | 3.89% |
| Jul 2, 2024 | 6.49% |
| Apr 2, 2024 | 4.41% |
| Jan 2, 2024 | 5.30% |
| Oct 3, 2023 | 2.29% |
| Jul 4, 2023 | 5.48% |
| Apr 4, 2023 | 3.92% |
| Sep 27, 2022 | -0.28% |
| Jun 28, 2022 | 3.36% |
| Mar 29, 2022 | 3.57% |
| Dec 28, 2021 | 0.13% |
| Sep 28, 2021 | 4.16% |
| Jun 29, 2021 | 5.35% |
| Mar 30, 2021 | 1.41% |