Cheesecake Factory
CAKE · Restaurants
$108.37
3.6%Brinker International
EAT · Restaurants
$182.70
3.9%The short version
- Brinker International is the larger business, with $5.8B of revenue in fiscal 2026 against $3.8B for Cheesecake Factory, about 1.5 times as much.
- Brinker International grew revenue faster (7.9%, against 4.8%).
- Brinker International kept more of each dollar of sales as operating profit (10.7% operating margin, against 5.0% operating margin).
- Brinker International turned more of its sales into free cash flow (9.6% FCF margin, against 4.1% FCF margin).
- Brinker International earned a higher return on the capital invested in it (66.0%, against 20.5%).
| Latest fiscal year | CAKE · FY25 | EAT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $5.3B | $8.2B |
| Revenue | $3.8B | $5.8B |
| Free cash flow | $155M | $558M |
| Net income | $148M | $487M |
| Growth | ||
| Revenue growth | 4.8% | 7.9% |
| 5-year growth | 13.6% | 11.7% |
| Share count change | −0.9% | −2.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 5.0% | 10.7% |
| Net margin | 4.0% | 8.4% |
| FCF margin | 4.1% | 9.6% |
| Return on capital | 20.5% | 66.0% |
| Return on equity | 33.7% | 119.6% |
| Balance sheet | ||
| Net debt | $414M | $335M |
| Net debt / EBITDA | 1.4x | 0.4x |
| Dividends and buybacks | $206M | $444M |
| Valuation & quality | ||
| P/E | 29.4x | — |
| Piotroski F-score | 5 | 8 |
FY17
CAKE $2.3B
EAT $3.2B
FY18
CAKE $2.3B
EAT $3.1B
FY19
CAKE $2.5B
EAT $3.2B
FY20
CAKE $2.0B
EAT $3.1B
FY21
CAKE $2.9B
EAT $3.3B
FY22
CAKE $3.3B
EAT $3.8B
FY23
CAKE $3.4B
EAT $4.1B
FY24
CAKE $3.6B
EAT $4.4B
FY25
CAKE $3.8B
EAT $5.4B
FY26
CAKE —
EAT $5.8B
CAKE
EAT
FY17
CAKE 6.8%
EAT 8.1%
FY18
CAKE 5.1%
EAT 7.2%
FY19
CAKE 4.2%
EAT 7.2%
FY20
CAKE −17.5%
EAT 2.0%
FY21
CAKE 2.8%
EAT 6.0%
FY22
CAKE 1.2%
EAT 4.2%
FY23
CAKE 3.2%
EAT 3.5%
FY24
CAKE 5.0%
EAT 5.2%
FY25
CAKE 5.0%
EAT 9.5%
FY26
CAKE —
EAT 10.7%
CAKE
EAT
FY17
CAKE $118M
EAT $213M
FY18
CAKE $188M
EAT $183M
FY19
CAKE $145M
EAT $45.1M
FY20
CAKE −$47.4M
EAT $141M
FY21
CAKE $146M
EAT $276M
FY22
CAKE $49.5M
EAT $102M
FY23
CAKE $66.8M
EAT $71.4M
FY24
CAKE $108M
EAT $223M
FY25
CAKE $155M
EAT $414M
FY26
CAKE —
EAT $558M
CAKE
EAT
FY17
CAKE —
EAT 23.0%
FY18
CAKE 18.7%
EAT 21.3%
FY19
CAKE 13.8%
EAT 34.6%
FY20
CAKE −45.1%
EAT 11.2%
FY21
CAKE 16.1%
EAT 27.6%
FY22
CAKE 6.2%
EAT 23.8%
FY23
CAKE 15.8%
EAT 19.4%
FY24
CAKE 21.2%
EAT 28.1%
FY25
CAKE 20.5%
EAT 54.3%
FY26
CAKE —
EAT 66.0%
CAKE
EAT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.