THE CHEESECAKE FACTORY INCORPORATED (CAKE) Return on equity 2019–2025
THE CHEESECAKE FACTORY INCORPORATED (CAKE) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
33.9%FY2025 · since FY2019: 22.3% → 33.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 33.9% | -1.5 pp |
| FY2024 | 35.4% | +20.7 pp |
| FY2023 | 14.7% | — |
| FY2021 | 21.8% | +109.6 pp |
| FY2020 | -87.8% | -110.0 pp |
| FY2019 | 22.3% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice