CAVA Group, Inc. (CAVA)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	43,118	4,725	-14,777	-27,177	72,400
Revenue	US$ in thousands	963,713	728,700	564,119	500,072	931,800
Operating profit margin		4.47%	0.65%	-2.62%	-5.43%	7.77%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $43,118K ÷ $963,713K
= 4.47%

The operating profit margin of CAVA Group, Inc. demonstrates a notable trajectory over the reported period from December 31, 2020, through December 31, 2024. Initially, in 2020, the company posted a robust operating profit margin of 7.77%, reflecting a period of profitability and operational efficiency. However, in 2021, the margin declined sharply to -5.43%, indicating a transition to operating losses and suggesting challenges in operational performance or increased costs during that period.

In 2022, the operating profit margin improved somewhat to -2.62%, signaling a partial recovery but still signifying unprofitability at the operating level. By the end of 2023, the margin turned positive again at 0.65%, marking a noteworthy turnaround from previous losses and implying initial signs of operational improvement. The most recent data for 2024 shows a further increase to 4.47%, indicating continued and possibly strengthening operational efficiency or revenue growth relative to operating expenses.

Overall, the trend reveals substantial volatility in CAVA Group, Inc.'s operating profitability, with periods of significant loss followed by progressive improvement. The recent positive margins suggest a potential sustainable return to operating profitability, contingent upon ongoing operational and strategic developments.