Filing Flows › Cheesecake Factory (CAKE) › Q3 2026 › vs Q3 2025
Cheesecake Factory (CAKE) Q3 2026 vs Q3 2025 (year over year)
Cheesecake Factory's revenue rose $126M (+14%) from $907M in Q3 2025 to $1.0B in Q3 2026. The biggest changes: The Cheesecake Factory restaurants +$103M (+16%); Other FRC +$12.3M (+16%); North Italia +$9.5M (+11%). Operating margin 7.2% against 4.1% (+3.1 pts).
Cheesecake Factory, Q3 2026: revenue $1.0B (+14% year over year), operating margin 7.2%, net earnings $61.3M, operating cash flow $125M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 7.2% | 4.1% | +3.1 pts |
| Net margin | 5.9% | 3.5% | +2.4 pts |
| Free cash flow margin | 6.5% | 5.9% | +0.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| The Cheesecake Factory restaurants | $754M | $651M | $103M | +16% |
| Other | $95.8M | $94.4M | $1.4M | +1% |
| North Italia | $93.0M | $83.5M | $9.5M | +11% |
| Other FRC | $90.3M | $78.0M | $12.3M | +16% |
| Revenue | $1.0B | $907M | $126M | +14% |
| Operating profit | $74.9M | $37.3M | $37.6M | +101% |
| Costs & expenses | $959M | $870M | $88.6M | +10% |
| Pre-tax earnings | $73.4M | $35.5M | $37.9M | +107% |
| General & admin | $66.6M | $59.0M | $7.6M | +13% |
| Other operating costs | $892M | $811M | $81.0M | +10% |
| Net earnings | $61.3M | $31.9M | $29.4M | +92% |
| Income tax | $12.1M | $3.6M | $8.5M | +238% |
| Depreciation & amortization | $29.2M | $27.4M | $1.8M | +6% |
| Share-based compensation | $7.0M | $5.7M | $1.4M | +24% |
| Working capital & other | $27.3M | $25.6M | $1.7M | +7% |
| Operating cash flow | $125M | $90.6M | $34.2M | +38% |
| Free cash flow (OCF − capex) | $66.9M | $53.9M | $12.9M | +24% |
| Capital expenditures | $57.9M | $36.7M | $21.2M | +58% |
Questions
How much did Cheesecake Factory's revenue grow year over year in Q3 2026?
Cheesecake Factory's revenue rose $126M (+14%) from $907M in Q3 2025 to $1.0B in Q3 2026.
What drove Cheesecake Factory's revenue change in Q3 2026?
The Cheesecake Factory restaurants +$103M (+16%); Other FRC +$12.3M (+16%); North Italia +$9.5M (+11%).