Cheesecake Factory price to free cash flow CAKE

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 26.1×
10-year median: 19.4×
Against its 10-year history: 75th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.8× to 482×
Peer median: 25.3×

Cheesecake Factory's price to free cash flow is 26.1× as of Oct 23, 2026.

That is above its ten-year median of 19.4×, higher than on 75% of days in the last ten years.

Over that time it ranged from 4.8× in Apr 2020 to 482× in Feb 2021.

The median for 10 restaurant stocks of a similar size is 25.3×.

Price to free cash flow over time

median 19.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	26.1×	16.5×	29.2×
2025	16.4×	14.0×	40.9×
2024	35.0×	20.8×	41.5×
2023	22.4×	18.8×	39.2×
2022	16.8×	10.5×	23.9×
2021	21.8×	18.1×	482×
2020	377×	4.8×	393×
2019	11.1×	10.6×	15.3×
2018	13.8×	13.7×	20.6×
2017	18.1×	12.6×	18.6×
2016	16.2×	14.1×	31.8×
2015	21.6×	18.8×	30.3×
2014	27.7×	17.7×	27.7×
2013	19.3×	16.3×	21.6×
2012	16.0×	13.3×	20.1×
2011	14.3×	10.9×	15.4×

Against its peers

Companies in Restaurants nearest Cheesecake Factory's size, closest first, today.

Company	Price to free cash flow
CAKECheesecake Factory	26.1×
CAVACava	127×
BROSDutch Bros	76.3×
EATBrinker International	13.7×
WINGWingstop	25.3×
SHAKShake Shack	n/m
TXRHTexas Roadhouse	26.8×
ARMKAramark	32.0×
YUMCYum China	16.2×
CBRLCracker Barrel Old Country Store	17.1×
DRIDarden Restaurants	22.8×
Peer median	25.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Cheesecake Factory

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.