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How Cheesecake Factory (CAKE) makes money
Cheesecake Factory (CAKE) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. The Cheesecake Factory restaurants brought in $754M (73%); Other brought in $95.8M (9%); North Italia brought in $93.0M (9%). Of every dollar of revenue, 7¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| The Cheesecake Factory restaurants | $754M | 73.0% | +3% | +16% |
| Other | $95.8M | 9.3% | -2% | +1% |
| North Italia | $93.0M | 9.0% | -6% | +11% |
| Other FRC | $90.3M | 8.7% | -13% | +16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.0B | 100.0% |
| Operating profit | $74.9M | 7.2% |
| Income tax | $12.1M | 1.2% |
| Net earnings | $61.3M | 5.9% |
| Operating cash flow | $125M | 12.1% |
| Free cash flow | $66.9M | 6.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.0B | +14% |
| Q2 2026 | $1.0B | +8% |
| Q1 2026 | $979M | +6% |
| Q4 2025 | $962M | +4% |
| Q3 2025 | $907M | +5% |
| Q2 2025 | $956M | +6% |
| Q1 2025 | $927M | +4% |
From Cheesecake Factory's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Cheesecake Factory make money?
Cheesecake Factory (CAKE) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. The Cheesecake Factory restaurants brought in $754M (73%); Other brought in $95.8M (9%); North Italia brought in $93.0M (9%). Of every dollar of revenue, 7¢ was left as operating profit, 6¢ was left as net earnings.
What is Cheesecake Factory's biggest business?
The Cheesecake Factory restaurants: $754M in the third quarter 2026, 73% of revenue, +16% from a year earlier.
What is Cheesecake Factory's profit margin?
Net earnings were $61.3M, 5.9% of revenue, in the third quarter 2026; the operating margin was 7.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.