The Cheesecake Factory Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 30, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 2, 2024	Jan '23 Jan 3, 2023	Dec '21 Dec 28, 2021
Revenue	3,752	3,582	3,440	3,303	2,928
Revenue Growth (YoY)	4.75%	4.13%	4.13%	12.83%	47.62%
Cost of Revenue	2,126	2,174	2,131	2,112	1,726
Gross Profit	1,626	1,407	1,309	1,191	1,202
Selling, General & Admin	244.92	473.81	450.41	427.81	392.16
Other Operating Expenses	1,014	609.95	589.65	570.15	585.97
Operating Expenses	1,401	1,213	1,159	1,107	1,082
Operating Income	224.72	194.39	149.72	83.69	119.97
Interest Expense	-10.45	-10.11	-10.16	-7.49	-10.7
Other Non Operating Income (Expenses)	1.95	2.84	1.61	1.45	-
EBT Excluding Unusual Items	216.23	187.12	141.16	77.65	109.27
Asset Writedown	-22.99	-13.65	-29.46	-31.39	-18.14
Other Unusual Items	-30.34	-2.43	-11.69	-13.37	-19.51
Pretax Income	162.9	171.05	100.01	32.89	71.62
Income Tax Expense	14.47	14.26	-1.34	-10.23	-0.75
Net Income	148.43	156.78	101.35	43.12	72.37
Preferred Dividends & Other Adjustments	-	-	-	-	23.24
Net Income to Common	148.43	156.78	101.35	43.12	49.13
Net Income Growth	-5.33%	54.69%	135.03%	-40.42%	-
Shares Outstanding (Basic)	47	48	48	50	48
Shares Outstanding (Diluted)	49	49	49	50	49
Shares Change (YoY)	-0.86%	-0.15%	-2.71%	3.92%	10.58%
EPS (Basic)	3.17	3.28	2.10	0.87	1.03
EPS (Diluted)	3.06	3.20	2.07	0.86	1.01
EPS Growth	-4.38%	54.59%	140.70%	-15.23%	-
Free Cash Flow	-	107.96	66.84	49.46	146.06
Free Cash Flow Per Share	-	2.20	1.36	0.98	3.01
Dividend Per Share	1.080	1.080	1.080	0.810	-
Dividend Growth	-	-	33.33%	-	-
Gross Margin	43.33%	39.30%	38.05%	36.06%	41.05%
Operating Margin	5.99%	5.43%	4.35%	2.53%	4.10%
Profit Margin	3.96%	4.38%	2.95%	1.31%	1.68%
Free Cash Flow Margin	-	3.01%	1.94%	1.50%	4.99%
EBITDA	331.87	295.44	243.25	174.47	208.52
EBITDA Margin	8.85%	8.25%	7.07%	5.28%	7.12%
D&A For EBITDA	107.15	101.05	93.54	90.78	88.55
EBIT	224.72	194.39	149.72	83.69	119.97
EBIT Margin	5.99%	5.43%	4.35%	2.53%	4.10%
Effective Tax Rate	8.88%	8.34%	-	-	-
Advertising Expenses	-	36.5	34.7	24	19.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.