The Cheesecake Factory (CAKE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,351 | 43,123 | 72,373 | -253,365 | 127,293 |
| Revenue | US$ in thousands | 3,439,500 | 3,303,160 | 2,927,540 | 1,982,420 | 2,482,090 |
| Net profit margin | 2.95% | 1.31% | 2.47% | -12.78% | 5.13% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $101,351K ÷ $3,439,500K
= 2.95%
The net profit margin for The Cheesecake Factory has shown fluctuating trends over the past five years. In 2019, the company reported a net profit margin of 5.13%, indicating that for every dollar of revenue generated, the company retained 5.13 cents as net profit. However, in 2020, the net profit margin declined significantly to -12.78%, suggesting that the company incurred substantial losses relative to its revenue during that year.
Subsequently, in 2021, the net profit margin recovered to 2.47%, showing a turnaround from the previous year's losses. This improvement continued in 2022, with a net profit margin of 1.31%, although it remained below the levels seen in 2019 and 2021.
In the latest period as of December 31, 2023, The Cheesecake Factory's net profit margin increased to 2.95%, marking a positive upturn and potential profitability enhancement compared to the preceding years. These fluctuations in net profit margin indicate varying levels of profitability and operational efficiency for the company over the analyzed period.
Peer comparison
Dec 31, 2023