The Cheesecake Factory
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of The Cheesecake Factory (CAKE). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| The Cheesecake Factory restaurants | PZA1.59B 79.9% | PZA2.29B 78.3% · +44.7% | PZA2.53B 76.5% · +10.2% | PZA2.60B 75.4% · +2.7% | PZA2.66B 74.3% · +2.6% | PZA2.69B 71.7% · +1.0% |
| Other | PZA198.8M 10.0% | PZA280.2M 9.6% · +41.0% | PZA308.9M 9.4% · +10.2% | PZA321.6M 9.4% · +4.1% | PZA320.5M 8.9% · -0.3% | PZA362.1M 9.7% · +13.0% |
| Other FRC | PZA96.9M 4.9% | PZA182.2M 6.2% · +88.1% | PZA237.6M 7.2% · +30.4% | PZA263.9M 7.7% · +11.1% | PZA300.0M 8.4% · +13.7% | PZA355.1M 9.5% · +18.4% |
| North Italia | PZA102.6M 5.2% | PZA171.9M 5.9% · +67.6% | PZA228.6M 6.9% · +33.0% | PZA258.9M 7.5% · +13.2% | PZA299.6M 8.4% · +15.7% | PZA345.9M 9.2% · +15.5% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| The Cheesecake Factory restaurants | PZA45.5M 2.9% | PZA242.6M 10.6% | PZA220.8M 8.7% | PZA297.1M 11.4% | PZA379.3M 14.3% | PZA409.3M 15.2% |
| Other | -PZA238.6M -120.0% | -PZA185.2M -66.1% | -PZA219.3M -71.0% | -PZA226.4M -70.4% | -PZA220.6M -68.8% | -PZA241.1M -66.6% |
| Other FRC | -PZA77.0M -79.5% | PZA16.3M 9.0% | PZA23.6M 9.9% | PZA19.4M 7.4% | -PZA495.0K -0.2% | PZA738.0K 0.2% |
| North Italia | -PZA77.4M -75.4% | PZA8.6M 5.0% | PZA13.9M 6.1% | PZA18.5M 7.2% | PZA20.0M 6.7% | PZA18.4M 5.3% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.