Filing Flows › Cheesecake Factory (CAKE) › Q2 2026 › vs Q2 2025
Cheesecake Factory (CAKE) Q2 2026 vs Q2 2025 (year over year)
Cheesecake Factory's revenue rose $73.8M (+8%) from $956M in Q2 2025 to $1.0B in Q2 2026. The biggest changes: The Cheesecake Factory restaurants +$46.2M (+7%); Other FRC +$13.9M (+15%); North Italia +$7.6M (+8%). Operating margin 7.6% against 6.8% (+0.9 pts).
Cheesecake Factory, Q2 2026: revenue $1.0B (+8% year over year), operating margin 7.6%, net earnings $68.4M, operating cash flow $92.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.6% | 6.8% | +0.9 pts |
| Net margin | 6.6% | 5.7% | +0.9 pts |
| Free cash flow margin | 4.8% | 1.6% | +3.2 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| The Cheesecake Factory restaurants | $729M | $683M | $46.2M | +7% |
| Other FRC | $104M | $90.2M | $13.9M | +15% |
| North Italia | $98.4M | $90.8M | $7.6M | +8% |
| Other | $97.7M | $91.6M | $6.1M | +7% |
| Revenue | $1.0B | $956M | $73.8M | +8% |
| Operating profit | $78.6M | $64.8M | $13.8M | +21% |
| Costs & expenses | $951M | $891M | $60.0M | +7% |
| Pre-tax earnings | $76.9M | $62.2M | $14.7M | +24% |
| General & admin | $65.6M | $58.8M | $6.8M | +12% |
| Other operating costs | $885M | $832M | $53.2M | +6% |
| Net earnings | $68.4M | $54.8M | $13.6M | +25% |
| Income tax | $8.5M | $7.4M | $1.1M | +15% |
| Depreciation & amortization | $29.1M | $26.9M | $2.2M | +8% |
| Share-based compensation | $8.8M | $7.2M | $1.6M | +22% |
| Working capital & other | $14.1M | $32.0M | −$18.0M | -56% |
| Operating cash flow | $92.2M | $56.8M | $35.4M | +62% |
| Free cash flow (OCF − capex) | $49.3M | $15.3M | $34.0M | +222% |
| Capital expenditures | $42.9M | $41.5M | $1.4M | +3% |
Questions
How much did Cheesecake Factory's revenue grow year over year in Q2 2026?
Cheesecake Factory's revenue rose $73.8M (+8%) from $956M in Q2 2025 to $1.0B in Q2 2026.
What drove Cheesecake Factory's revenue change in Q2 2026?
The Cheesecake Factory restaurants +$46.2M (+7%); Other FRC +$13.9M (+15%); North Italia +$7.6M (+8%).