The Cheesecake Factory (CAKE)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 171,047 | 131,367 | 116,535 | 105,500 | 100,014 | 77,098 | 56,575 | 38,078 | 32,892 | 49,627 | 82,730 | 92,330 | 71,620 | 31,754 | -35,622 | -158,310 | -356,036 | -259,066 | -204,648 | -79,942 |
| Revenue (ttm) | US$ in thousands | 3,581,699 | 3,537,745 | 3,502,484 | 3,464,612 | 3,439,503 | 3,455,296 | 3,409,087 | 3,375,560 | 3,303,156 | 3,187,047 | 3,157,520 | 3,093,833 | 2,927,540 | 2,705,399 | 2,468,641 | 1,995,536 | 1,983,225 | 2,122,703 | 2,191,523 | 2,498,317 |
| Pretax margin | 4.78% | 3.71% | 3.33% | 3.05% | 2.91% | 2.23% | 1.66% | 1.13% | 1.00% | 1.56% | 2.62% | 2.98% | 2.45% | 1.17% | -1.44% | -7.93% | -17.95% | -12.20% | -9.34% | -3.20% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $171,047K ÷ $3,581,699K
= 4.78%
The pretax margin of The Cheesecake Factory has shown a fluctuating trend over the analyzed period. Starting from a negative margin in March 2020, the company's profitability before taxes improved gradually, reaching positive territory by September 2021. This positive trend continued through December 2024, where the pretax margin reached 4.78%. The company has demonstrated an ability to enhance its operational efficiency and control costs, resulting in improved profitability levels over the period analyzed. Overall, the improving trend in pretax margin indicates The Cheesecake Factory's ability to generate more earnings relative to its revenues after accounting for operating expenses but prior to taxes.
Peer comparison
Dec 31, 2024