CAKE on Nasdaq

The Cheesecake Factory

Logo: The Cheesecake Factory, Public domain, via Wikimedia Commons5

American restaurant chain

The Cheesecake Factory Incorporated is an American restaurant chain and cheesecake distributor based in the United States. It operates 370 full-service restaurants: 218 under the Cheesecake Factory brand, 47 under the North Italia brand, and 105 under other brands. The Cheesecake Factory also operates two bakery production facilities in Calabasas, California, and Rocky Mount, North Carolina.3 It was founded by David M. Overton.1 Its chief executive is David M. Overton.1 It employed about 38,800 people in 2016.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1978Founded1

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  • TickerCAKE on Nasdaq1
  • Industrygastronomy1
  • HeadquartersCalabasas1
  • Websitewww.thecheesecakefactory.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address26901 Malibu Hills Rd, Calabasas Hills, Ca 913016
  • Filer categoryLarge accelerated filer6
  • LEI529900872XMLK10SY2474
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o Corporation Service Company, 251 Little Falls Drive, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22880404
The Cheesecake Factory in Downntown Seattle 2009
Photo: TriviaKing ( talk )DWS, CC BY-SA 3.0, via Wikimedia Commons8

The Cheesecake Factory Incorporated is an American restaurant chain and cheesecake distributor based in the United States. It operates 370 full-service restaurants: 218 under the Cheesecake Factory brand, 47 under the North Italia brand, and 105 under other brands. The Cheesecake Factory also operates two bakery production facilities in Calabasas, California, and Rocky Mount, North Carolina.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.0%Operating margin9
4.0%Net margin9
4.7%Revenue growth, 20259
34.0%Return on equity9
1.29×Debt to equity9
$155.1MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

The Cheesecake Factory restaurants brought in 72% of the revenue The Cheesecake Factory broke down this way in fiscal 2025.

  1. The Cheesecake Factory restaurants$2.7B972%up 1% from 2024
  2. Other Operating$362.1M910%up 13% from 2024
  3. Other FRC$355.1M99%up 18% from 2024
  4. North Italia$345.9M99%up 15% from 2024
Business segments by year
Business segments202320242025
The Cheesecake Factory restaurants$2.6B$2.7B$2.7B
Other Operating$321.6M$320.5M$362.1M
Other FRC$263.9M$300.0M$355.1M
North Italia$258.9M$299.6M$345.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs96¢$3.6B
  • Income tax0¢$14.5M
  • Profit4¢$148.4M

Out of $3.8B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Capital spending42¢$146.2M
  • Dividends paid15¢$52.2M
  • Share buybacks44¢$153.9M

Out of $301.3M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$3.8B in 2025+51% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.5B$2.5B20192020: $2.0B$2.0B2020−20%2021: $2.9B$2.9B2021+48%2023: $3.3B$3.3B2023+13%2024: $3.6B$3.6B2024+8%2025: $3.8B$3.8B2025+5%
Operating income101112139$187.3M in 2025+81% since 2019
-$400.0M-$200.0M0$200.0M2019: $103.6M$103.6M20192020: -$347.4M-$347.4M20202021: $82.3M$82.3M20212023: $38.9M$38.9M2023−53%2024: $178.3M$178.3M2024+358%2025: $187.3M$187.3M2025+5%
Net income101112139$148.4M in 2025+17% since 2019
-$400.0M-$200.0M0$200.0M2019: $127.3M$127.3M20192020: -$253.4M-$253.4M20202021: $72.4M$72.4M20212023: $43.1M$43.1M2023−40%2024: $156.8M$156.8M2024+264%2025: $148.4M$148.4M2025−5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Revenues$3.8B$3.6B$3.4B
Food and beverage costs$813.1M$806.0M$803.5M
Labor expenses$1.3B$1.3B$1.2B
Other operating costs and expenses$1.0B$959.2M$922.4M
General and administrative expenses$244.9M$228.7M$217.4M
Depreciation and amortization expenses$109.0M$101.5M$93.1M
Impairment of assets and lease termination expenses$23.0M$13.6M$29.5M
Acquisition-related contingent consideration, compensation and amortization expenses$14.4M$2.4M$11.7M
Preopening costs$33.1M$27.5M$25.4M
Total costs and expenses$3.6B$3.4B$3.3B
Income from operations$187.3M$178.3M$108.6M
Interest expense, net-$10.4M-$10.1M-$10.2M
Loss on extinguishment of debt-$15.9M
Other income, net$1.9M$2.8M$1.6M
Income before income taxes$162.9M$171.0M$100.0M
Income tax provision/(benefit)$14.5M$14.3M-$1.3M
Net income$148.4M$156.8M$101.4M
Basic (in dollars per share)$3.17$3.28$2.10
Diluted (Note 1) (in dollars per share)$3.06$3.20$2.07
Basic (in shares)46.8M shares47.8M shares48.3M shares
Diluted (in shares)48.6M shares49.0M shares49.0M shares

Compare The Cheesecake Factory with another company

Corporate structure

The Cheesecake Factory sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of The Cheesecake Factory

  • FMR LLC Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Aug 7, 2026 (5 filings since Aug 6, 2025)
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on The Cheesecake Factory, latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Feb 13, 2026 (4 filings since Feb 14, 2022)
  • Wellington Management Company Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Nov 12, 2025 (2 filings since May 12, 2025)
  • EARNEST PARTNERS LLC Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Aug 14, 2025 (3 filings since Feb 14, 2023)
  • Invesco Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Aug 7, 2025 (2 filings since May 9, 2025)
  • David M. Overton Filed SCHEDULE 13G/A on The Cheesecake Factory, latest May 6, 2025 (4 filings since Feb 4, 2022)
  • BlackRock Filed SCHEDULE 13G/A on The Cheesecake Factory, latest Apr 30, 2025 (6 filings since Jan 25, 2022)
  • BAMCO INC /NY/ Filed SC 13G/A on The Cheesecake Factory, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • The Cheesecake Factory Calabasas Hills, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What The Cheesecake Factory reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.3B9 Dec 30, 2025$2.2B9 Dec 31, 2024+4.7%
Accumulated depreciation$1.5B9 Dec 30, 2025$1.4B9 Dec 31, 2024+5.5%
Property and equipment, net$869.7M9 Dec 30, 2025$840.8M9 Dec 31, 2024+3.4%
Operating-lease assets (leased space)$1.4B9 Dec 30, 2025$1.4B9 Dec 31, 2024+3.2%

Real estate and locations

ItemLatestA year beforeChange
Restaurants3689 Dec 30, 202535213 Dec 31, 2024+4.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$215.7M9 Dec 30, 2025$84.2M9 Dec 31, 2024+156.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.5M9 Dec 30, 2025$1.5M9 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$251.8M9 Dec 30, 2025$251.8M9 Dec 31, 20240%
Indefinite-lived intangibles (excluding goodwill)$244.5M9 Dec 30, 2025$244.2M9 Dec 31, 2024+0.2%
Finite-lived intangibles, gross$7.3M9 Dec 30, 2025$7.6M9 Dec 31, 2024−4.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$54.0M9 Dec 30, 2025$64.5M9 Dec 31, 2024−16.4%

Properties, in its own words

Our corporate support center and one of our bakery production facilities are located in Calabasas Hills, California. The corporate support center consists of an 88,000 square foot main facility and a 19,000 square foot training facility on an approximately five-acre parcel of land. The bakery production facility is a 60,000 square foot facility on an approximately three-acre parcel of land. Our second bakery facility located in Rocky Mount, North Carolina is a 100,000 square foot facility on an approximately 31-acre parcel of land. In October 2023, we announced plans for a third bakery production facility in Charlestown, Indiana. Our development and design department is in a 29,000 square foot facility on approximately one acre of land in Irvine, California. All of these properties are owned by the Company. FRC’s headquarters are located in Phoenix, Arizona in approximately 22,000 square feet of leased office space.

All of our Company-owned restaurants are located on leased properties, and we have no current plans to own the real estate underlying our restaurants. Below is a table showing the number of Company-owned restaurants by location as of December 30, 2025.

The rest of Item 2

Location · Factory · North Italia · Other FRC · Other · Total

Alabama · 2 · 1 · 1 · — · 4

Arizona · 6 · 6 · 30 · 9 · 51

California · 39 · 8 · 7 · 2 · 56

Colorado · 4 · 1 · 2 · 2 · 9

Connecticut · 3 · — · — · — · 3

Delaware · 1 · — · — · — · 1

District of Columbia · 2 · 1 · — · — · 3

Florida · 24 · 5 · 1 · 2 · 32

Georgia · 5 · 2 · 1 · 3 · 11

Hawaii · 2 · — · — · — · 2

Idaho · 1 · 1 · — · — · 2

Illinois · 7 · — · 1 · — · 8

Indiana · 2 · — · 1 · 1 · 4

Iowa · 1 · — · — · — · 1

Kansas · 1 · 1 · — · — · 2

Kentucky · 2 · — · — · — · 2

Louisiana · 1 · — · — · — · 1

Maryland · 6 · — · — · 1 · 7

Massachusetts · 7 · — · — · — · 7

Michigan · 2 · — · — · — · 2

Minnesota · 2 · — · — · — · 2

Missouri · 2 · — · — · 1 · 3

Nebraska · 1 · 1 · — · — · 2

Nevada · 5 · 2 · — · 4 · 11

New Jersey · 10 · — · — · 1 · 11

New Mexico · 1 · — · — · — · 1

New York · 12 · — · — · 1 · 13

North Carolina · 5 · 4 · 1 · 2 · 12

Oklahoma · 2 · — · — · 1 · 3

Ohio · 7 · — · — · — · 7

Oregon · 2 · — · — · — · 2

Pennsylvania · 6 · 1 · — · — · 7

Puerto Rico · 1 · — · — · — · 1

Rhode Island · 1 · — · — · — · 1

South Carolina · 1 · — · — · — · 1

Tennessee · 5 · 2 · 5 · 1 · 13

Texas · 19 · 9 · 6 · 16 · 50

Utah · 3 · 1 · — · 1 · 5

Virginia · 7 · 2 · — · 1 · 10

Washington · 4 · — · — · — · 4

Wisconsin · 3 · — · — · — · 3

Ontario, Canada · 1 · — · — · — · 1

Total · 218 · 48 · 56 · 49 · 371

Item 2 of the 10-K filed Feb 23, 2026.17

The story

Founded by David M. Overton in 1978.1

Founding and early years

Evelyn Overton, inspired by a cheesecake recipe from a Detroit newspaper, made a cheesecake for her husband's employer in the 1940s. The cheesecake was well received, and she opened a small cheesecake bakery in Detroit, Michigan, in the late 1950s. She closed the bakery to raise her children but continued supplying cheesecakes to local restaurants from her basement kitchen. In 1967, Evelyn's son David M. Overton left Detroit to attend Hastings College of Law in San Francisco but decided to be a drummer in 1968, performing with the Billy Roberts Blues Band. In 1971, David convinced his parents to relocate to Los Angeles to open a commercial bakery. In 1972, they moved to the Woodland Hills area of Los Angeles where they opened The Cheesecake Factory Bakery, selling cheesecakes and other desserts to local restaurants.

First restaurant

In 1978, David Overton opened The Cheesecake Factory, a small salad-and-sandwich restaurant in Beverly Hills that sold ten varieties of cheesecakes on a one-page menu. In 1983, he opened a second restaurant in Marina del Rey. By 1987, the Beverly Hills location had expanded into a 78-seat restaurant and was experiencing financial success. This led to the opening of a third, larger location in Redondo Beach, which was eventually renovated into a 300-seat, 21,000-square-foot (2,000 m2) location. By the end of the 1980s, The Cheesecake Factory's one-page menu had expanded, and the restaurant offered additional entrees and short-order items.

Expansion beyond Southern California

The first Cheesecake Factory restaurant outside of Southern California opened in the 1990s. The new restaurant, the chain's fifth, was located in Washington, D.C. The Cheesecake Factory was incorporated in 1992 and went public in September of that year. David Overton planned to open three to four units a year to generate a 25% yearly increase in sales.

The company began changing its menu twice a year and adding steaks, seafood, and vegetarian dishes. As of April 2013, the Cheesecake Factory operated 162 restaurants in 36 states under the Cheesecake Factory name. The first Cheesecake Factory in Puerto Rico opened on August 28, 2013, located in Plaza Las Américas in San Juan.

The company used to operate one self-service, limited-menu express food service operation under the Cheesecake Factory marque inside DisneyQuest at the Walt Disney World Resort in Lake Buena Vista, Florida. It opened in 1998 and closed in 2017.

International expansion

As of 2024, the Cheesecake Factory has locations in Bahrain, Canada, China, Hong Kong, Kuwait, Macau, Mexico, Qatar, Saudi Arabia, Thailand, the United Arab Emirates and the United States.

On January 25, 2011, the company expanded into the Middle East in a partnership with Kuwaiti retail franchising company M.H. Alshaya Co. The 300-seat restaurant opened on August 16, 2012, at The Dubai Mall. This was The Cheesecake Factory's first location outside the United States. As of May 2018, The Cheesecake Factory has eleven restaurants in the Middle East: four in Dubai (Dubai Mall, Mall of Emirates, Jumeirah Beach Residence and Dubai Festival City Mall), three in Kuwait (Arabella, Sidra, and The Avenues—which was the 160th Cheesecake Factory opening), two in Saudi Arabia (Riyadh and Jeddah), and one in the Yas Mall and one in The Galleria in Abu Dhabi. On December 1, 2015, The Cheesecake Factory opened its eighth Middle East branch at the Verdun Shopping Center in Beirut, Lebanon. The Cheesecake Factory made its first appearance in Doha, Qatar, by opening in the Mall of Qatar and further opened two more branches in Villaggio and Doha Festival City.

On June 16, 2016, The Cheesecake Factory opened its first location in East Asia in Disneytown, located in Pudong, Shanghai, China. The first Cheesecake Factory in Mexico opened in Guadalajara in 2014. There are Cheesecake Factories in Parque Delta and Centro Santa Fe, Mexico City. In November 2017, the first Canadian location opened at Yorkdale Shopping Centre in Toronto, Ontario. In May 2017, a Hong Kong restaurant opened in Harbour City, Tsim Sha Tsui.

From Wikipedia’s article on The Cheesecake Factory, shared under CC BY-SA 4.0.7

Leadership

Who has led The Cheesecake Factory, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Products and brands

  • cheesecake

Listed on Wikidata.1

The Cheesecake Factory dining menu includes steaks, chops, burgers, chicken, seafood, sandwiches, pasta, pizza, soups, and salads in various cuisines. In addition to its regular dining menu, the company offers a lower-calorie menu that includes salads, burgers, sandwiches, and small plates. The brunch menu is offered on Saturdays and Sundays and includes pancakes, waffles, French toast, and eggs.

The dessert menu offers various types of cheesecake, as well as other cakes, milkshakes, ice cream, and specialty desserts. Per a company spokesperson, the restaurant sells almost 35 million slices of cheesecake annually.

The more than 250 menu items are all made from scratch to order, except for the cheesecakes which are produced in bakery production facilities and delivered to the restaurants frozen.

Caloric content

The Cheesecake Factory has been criticized for featuring large servings of high-calorie and high-fat foods. For these reasons, the chain was dubbed the "worst family restaurant in America" for 2010 by Men's Health magazine. The average sandwich at the restaurant contains 1,400 calories. In 2013, the Center for Science in the Public Interest noted that the "Crispy Chicken Costoletta" has more calories (2,610) than a 12-piece bucket of fried chicken from KFC, and the Cheesecake Factory's "Bistro Shrimp Pasta" dish had more calories than any other entrée from a national chain restaurant at 3,120 calories, with 89 grams of saturated fat. In 2015, the Cheesecake Factory created a "SkinnyLicious" menu that features a variety of cocktails, salads, appetizers, and specialty dishes such as lemon-garlic shrimp and grilled salmon.

From Wikipedia’s article on The Cheesecake Factory, shared under CC BY-SA 4.0.7

Employees over time

  • 201638,8001

Former names

  • CHEESECAKE FACTORY INCORPORATEDJul 24, 1996 to Mar 1, 20076

Timeline

  1. Jul 29, 20268-K Regulation FD disclosure51
  2. Jul 28, 20268-K Results of operations; Regulation FD disclosure; Other events52
  3. Jun 3, 20268-K Shareholder vote53
  4. Apr 29, 20268-K Results of operations; Regulation FD disclosure; Other events54
  5. Mar 31, 20268-K Entered a material agreement; New debt or obligation55
  6. Feb 18, 20268-K Results of operations; Regulation FD disclosure; Other events56
  7. Oct 28, 20258-K Results of operations; Regulation FD disclosure; Other events57
  8. Jul 29, 20258-K Results of operations; Regulation FD disclosure; Other events58
  9. May 28, 20258-K Executive or director change; Shareholder vote59
  10. Apr 30, 20258-K Results of operations; Regulation FD disclosure; Other events60
  11. Feb 28, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares61
  12. Feb 24, 20258-K Other events62
  13. 1978Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.68 a share, on Oct 28, 2025.63

When it reported results

  1. Jul 28, 2026Reported quarterly or annual results52
  2. Apr 29, 2026Reported quarterly or annual results54
  3. Feb 18, 2026Reported quarterly or annual results56
  4. Oct 28, 2025Reported quarterly or annual results57
  5. Jul 29, 2025Reported quarterly or annual results58
  6. Apr 30, 2025Reported quarterly or annual results60
  7. Feb 19, 2025Reported quarterly or annual results64
  8. Oct 29, 2024Reported quarterly or annual results65

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

298 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 33 major events, 163 insider forms, 33 large holders, 49 other. The latest 20:

  1. Sep 3, 20264 EDGAR
  2. Aug 28, 20264 EDGAR
  3. Aug 18, 20264 EDGAR
  4. Aug 14, 2026144 EDGAR
  5. Aug 12, 20264 EDGAR
  6. Aug 12, 20264 EDGAR
  7. Aug 10, 2026144 EDGAR
  8. Aug 7, 2026144 EDGAR
  9. Aug 7, 2026SCHEDULE 13G/A EDGAR
  10. Aug 6, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 5, 2026144 EDGAR
  13. Aug 4, 2026144 EDGAR
  14. Aug 3, 2026144 EDGAR
  15. Aug 3, 20264 EDGAR
  16. Aug 3, 20264 EDGAR
  17. Aug 3, 202610-Q EDGAR
  18. Jul 31, 20264 EDGAR
  19. Jul 31, 2026144 EDGAR
  20. Jul 31, 2026144 EDGAR

The 298 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 7 buys and 32 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 17, 2026Meyer Janice L.DirectorSale1,958$109.36$214.1KForm 4
Aug 10, 2026Gordon David MPRESIDENTSale31,950$110.03$3.5MForm 4
Aug 10, 2026Ames Edie ADirectorSale3,000$106.95$320.9KForm 4
Aug 5, 2026OVERTON DAVIDCHAIRMAN AND C.E.O.Sale94,145$106.27$10.0MForm 4
Aug 4, 2026CAPPELLO ALEXANDER LDirectorSale64$106.08$6.8KForm 4
Aug 3, 2026CAPPELLO ALEXANDER LDirectorSale59$104.20$6.1KForm 4
Jul 31, 2026May ScarlettEVP, GENERAL COUNSELSale7,978$102.66$819.0KForm 4
Jul 31, 2026CAPPELLO ALEXANDER LDirectorSale100$103.04$10.3KForm 4
Jul 30, 2026Hanscom Ashley WPRINCIPAL ACCOUNTING OFFICERSale3,500$100.00$350.0KForm 4
Jul 30, 2026Clark Matthew EliotEXEC VP, CFOSale68,900$99.30$6.8MForm 4
Jul 30, 2026CAPPELLO ALEXANDER LDirectorSale2,095$101.50$212.6KForm 4
Jun 2, 2026CAPPELLO ALEXANDER LDirectorSale2,490$64.90$161.6KForm 4
May 1, 2026OVERTON DAVIDCHAIRMAN AND C.E.O.Sale104,000$61.02$6.3MForm 4
Mar 10, 2026May ScarlettEVP, GENERAL COUNSELSale5,206$62.95$327.7KForm 4
Feb 25, 2026Alex Spero GEVP Operations - CFRISale4,790$66.00$316.1KForm 4
Feb 25, 2026Hanscom Ashley WPRINCIPAL ACCOUNTING OFFICERSale2,951$65.64$193.7KForm 4
Feb 25, 2026Clark Matthew EliotEXEC VP, CFOSale7,000$65.70$459.9KForm 4
Feb 23, 2026CAPPELLO ALEXANDER LDirectorSale635$63.74$40.5KForm 4
Aug 14, 2025Gordon David MPRESIDENTSale43,335$63.06$2.7MForm 4
Jul 31, 2025CAPPELLO ALEXANDER LDirectorSale12,388$65.88$816.1KForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025David OvertonChairman of the Board and CEO$1.0M$8.4M76
2025David M. GordonPresident, The Cheesecake Factory Incorporated$800.0K$3.1M76
2025Matthew E. ClarkExecutive Vice President and Chief Financial Officer$635.2K$2.6M76
2025Scarlett MayExecutive Vice President, General Counsel and Secretary$603.2K$1.8M76
2025Keith T. CarangoPresident, The Cheesecake Factory Bakery Incorporated$490.1K$1.4M76
2024David OvertonChairman of the Board and CEO$1.1M$8.2M76
2024David M. GordonPresident, The Cheesecake Factory Incorporated$813.9K$3.0M76
2024Matthew E. ClarkExecutive Vice President and Chief Financial Officer$624.7K$2.5M76
2024Scarlett MayExecutive Vice President, General Counsel and Secretary$616.4K$1.7M76
2024Keith T. CarangoPresident, The Cheesecake Factory Bakery Incorporated$492.8K$1.3M76
2023David OvertonChairman of the Board and CEO$995.0K$7.7M76
2023David M. GordonPresident, The Cheesecake Factory Incorporated$746.5K$2.7M76
2023Matthew E. ClarkExecutive Vice President and Chief Financial Officer$601.2K$2.3M76
2023Scarlett MayExecutive Vice President, General Counsel and Secretary$562.7K$1.6M76
2023Keith T. CarangoPresident, The Cheesecake Factory Bakery Incorporated$458.8K$1.2M76

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,977,100$555.0M0.0%+303,250
Fmr LLC6,097,542$485.0M0.0%+181,260
Vanguard Portfolio Management LLC2,852,204$226.9M0.0%+78,740
Vanguard Capital Management LLC2,027,468$161.3M0.0%+5,758
Earnest Partners LLC2,012,694$160.1M0.6%−75,924
American Century Companies Inc2,004,441$159.4M0.1%+230,742
D. E. Shaw & Co., Inc.1,999,424$159.0M0.1%+735,632
State Street Corp1,867,389$148.5M0.0%+66,909
Kayne Anderson Rudnick Investment Management LLC1,792,513$142.6M0.4%−199,562
Goldman Sachs Group Inc1,647,006$131.0M0.0%+1,205,373
Invesco Ltd.1,642,794$130.7M0.0%−367,410
Dimensional Fund Advisors LP1,262,468$100.4M0.0%+20,325
Geode Capital Management, LLC1,219,196$97.0M0.0%+69,641
UBS Group AG1,210,580$96.3M0.0%+28,525
Morgan Stanley859,373$68.4M0.0%−179,571
Westwood Holdings Group Inc689,030$54.8M0.4%−616,831
Hennessy Advisors Inc646,700$51.4M1.6%No change
Bank Of America Corp /de/622,554$49.5M0.0%−747,188
Charles Schwab Investment Management Inc619,981$49.3M0.0%+5,676
Balyasny Asset Management L.P.562,400$44.7M0.1%New
Northern Trust Corp544,893$43.3M0.0%+41,687
Bank of New York Mellon Corp477,999$38.0M0.0%+4,775
Fisher Asset Management, LLC468,472$37.3M0.0%−23,058
Bamco Inc /ny/450,000$35.8M0.1%−550,037
Jones Financial Companies Lllp328,760$26.4M0.0%+11,080

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How The Cheesecake Factory is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCHEESECAKE FACTORY INC2
  • CIK0000887596
  • Employer ID (EIN)51-034046617
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 302
  • Industry code (SIC)5812 Retail-Eating Places2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address26901 Malibu Hills Rd, Calabasas Hills, CA 913012
  • Phone818-871-30002
  • Shares outstanding49,760,634 as of Jul 27, 202615
  • Public float$2.9B as of Jul 1, 202517
  • AuditorKPMG LLP, California PCAOB ID 185; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMay 15, 19962
  • Filings1,699 in all: 4 (690), 8-K (475), SC 13G/A (108), 10-Q (92), 144 (29), DEF 14A (29), SC 13G (29), DEFA14A (27)2
    All 48 form types

    10-K (26), 3 (24), S-8 (15), 4/A (14), UPLOAD (13), CORRESP (11), SCHEDULE 13G/A (11), ARS (10), S-8 POS (9), 5 (8), PRE 14A (7), 8-K/A (6), SC TO-I/A (6), 3/A (5), DFAN14A (5), 10-K/A (4), 10-K405 (4), 10-Q/A (4), 424B5 (4), SCHEDULE 13G (4), FWP (3), S-3/A (3), 8-A12G/A (2), DEFC14A (2), NT 10-K (2), NT 10-Q (2), PREC14A (2), S-3ASR (2), 15-12G (1), 25 (1), 424B4 (1), 8-A12G (1), DEFR14A (1), NO ACT (1), PRER14A (1), PRRN14A (1), S-3 (1), SC 13D (1), SC 13D/A (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Jul 28, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.01 per shareCAKENASDAQ

From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks The Cheesecake Factory names in Item 1A of its 10-K filed Feb 23, 2026: 42 risks under these headings, as written.17

  • Risks Related to the Restaurant Industry
  • The impact global and domestic economic conditions have on consumer discretionary spending and our costs of operations could materially adversely affect our financial performance.
  • Our inability to grow comparable restaurant sales could materially adversely affect our financial performance.
  • If we are unable to protect our reputation, the value of our brands and sales at our restaurants may be negatively impacted, which could materially adversely affect our financial performance.
  • In past years we have experienced and may again experience significant labor cost inflation, which has and may in the future significantly increase our cost of doing business.
  • Health risks associated with our restaurants or products, such as food safety concerns and food-borne illness, pandemics, epidemics, endemics and other public health emergencies could negatively impact customer traffic to our restaurants, disrupt our food supply chain or cause us to be the target of litigation, which could materially adversely affect our financial performance.
  • Changes in, or any failure to comply with, applicable laws or regulations could materially adversely affect our ability to operate our restaurants and/or increase our cost to do so, which could materially adversely affect our financial performance.
  • Labor organizing could harm our operations and competitive position in the restaurant industry, which could materially adversely affect our financial performance.
  • Our inability to respond appropriately to changes in consumer health and disclosure regulations, and to adapt to evolving consumer dining preferences, could negatively impact our operations and competitive position, which could materially adversely affect our financial performance.
  • Our failure to effectively develop, grow and operate North Italia, Flower Child and our other branded concepts could materially adversely affect our financial performance.
  • Adverse weather conditions, natural disasters and public health emergencies could unfavorably impact our restaurant sales, which could materially adversely affect our financial performance.
  • Acts of violence at or threatened against our restaurants or the centers in which they are located, including civil unrest, customer intimidation, active shooter situations and terrorism, could unfavorably impact our restaurant sales, which could materially adversely affect our financial performance.
The other 31 risks
  • Risks Related to Our Business
  • Our inability to anticipate and react effectively to changes in the costs of key operating resources may increase our cost of doing business, which could materially adversely affect our financial performance.
  • Our financial performance could be materially adversely affected if we fail to retain, or effectively respond to a loss of, key executives.
  • If we are unable to staff and retain qualified restaurant management and operating personnel in an increasingly competitive market, we may be unable to effectively operate and grow our business and revenues, which could materially adversely affect our financial performance.
  • If any of our third-party vendors experiences a failure that affects a significant aspect of our business, we may experience data loss, increased costs, operational disruption or other harm, any of which could materially adversely affect our financial performance.
  • We may incur additional costs if we are unable to renew our restaurant leases on similar terms and conditions, or at all, or to relocate our restaurants in certain trade areas, which could materially adversely affect our financial performance.
  • Any inability to effectively use and manage social media could harm our marketing efforts as well as our reputation, which could materially adversely affect our financial performance.
  • Our failure to adequately protect our intellectual property could materially adversely affect our financial performance.
  • We face a variety of risks and challenges related to our international operations and global brand development efforts, any of which could materially adversely affect our financial performance.
  • Our inability to secure an adequate number of high-quality sites for future restaurant openings could adversely affect our ability to grow our business.
  • We may engage in expansion opportunities or other initiatives which may create risks to our business that could materially adversely affect our financial performance.
  • If we do not appropriately scale our infrastructure in a timely manner, we may be unable to respond to and support our domestic or international opportunities for growth, which could materially adversely affect our financial performance.
  • We have and may again be required to record impairment charges, be unable to fully recoup landlord improvement allowances and/or decide to discontinue operations at certain restaurants, any of which could materially adversely affect our financial performance.
  • If we are unable to manage risks related to our business, costs associated with litigation and insurance could increase, which could materially adversely affect our financial performance.
  • Our inability or failure to execute on comprehensive business continuity and disaster recovery plans following a major disaster or disruption could interfere with our business operations, which could materially adversely affect our financial performance.
  • Failure to appropriately address environmental and social matters could adversely affect our brand, business, results of operations and financial condition.
  • Risks Related to Information Technology and Cybersecurity
  • Information technology system failures or breaches of our network security could interrupt our operations and subject us to increased operating costs, as well as to litigation and other liabilities, any of which could materially adversely affect our financial performance.
  • Actual or perceived failures to comply with applicable data protection, privacy and security laws, regulations, standards and other requirements or our inability to maintain a secure environment for customers’ and staff members’ personal data could result in legal liability, financial penalties, reputational harm and loss of customers, which could materially adversely affect our financial performance.
  • Risks Related to Our Indebtedness
  • Any failure to satisfy financial covenants and/or repayment requirements under our credit facility could harm our financial condition.
  • The indenture governing our outstanding Notes will not restrict us from incurring additional indebtedness, and the Notes and the incurrence of any additional indebtedness could limit the cash flow available for our operations, expose us to risks that could adversely affect our business, financial condition and results of operations and impair our ability to satisfy our obligations under the Notes.
  • The issuance or sale of shares of our common stock, or rights to acquire shares of our common stock, could depress the trading price of our common stock and the Notes.
  • Hedging activity by investors in the Notes could depress the trading price of our common stock.
  • Provisions in the indenture governing the Notes could delay or prevent an otherwise beneficial takeover of us.
  • We may be unable to raise the funds necessary to repurchase the Notes for cash following a fundamental change, or to pay the cash amounts due upon conversion, and our other indebtedness limits our ability to repurchase the Notes or pay cash upon their conversion.
  • Risks Related to Owning Our Stock
  • The market price of our common stock is subject to volatility.
  • Our stock price could be adversely affected if our performance falls short of our financial guidance and/or market expectations.
  • Our stock price could be adversely affected if we are unable to pay or increase dividends.
  • We cannot guarantee that our share repurchase program will be utilized to the full value approved or that it will enhance long-term stockholder value.
  • Our stock price could be adversely affected by future sales or other dilution of our equity.
  • General Risk Factors
  • Changes in tax laws and resulting regulations could result in changes to our tax provisions and expose us to additional tax liabilities that could materially adversely affect our financial performance.
  • Our failure to establish, maintain and apply adequate internal control over our financial reporting and comply with changes in financial accounting standards or interpretations of existing standards could limit our ability to report our financial results accurately and timely or to detect and prevent fraud, any of which could materially adversely affect our financial performance.
  • Our business and stock price could be adversely affected by the actions of activist investors.

Legal proceedings

See Note 13 of Notes to Consolidated Financial Statements in Part IV, Item 15 of this report for a summary of legal proceedings.

The opening of Item 3, Legal Proceedings.17

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