The Cheesecake Factory (CAKE) — Capital Reinvestment Ratio
Latest as of December 2025:
0.33x
The Cheesecake Factory (CAKE) has a Capital Reinvestment Ratio of 0.33x as of December 2025, meaning it reinvests 0% of its operating cash flow ($74.91 Million) in capital expenditures ($24.79 Million). Check The Cheesecake Factory tangible book value ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.33x
Capex / Operating Cash Flow
Operating Cash Flow
$74.91 Million
USD
Capital Expenditures
$24.79 Million
USD
Data as of
Dec 2025
Most recent filing
The Cheesecake Factory Capital Reinvestment Ratio (1992–2025)
This chart tracks The Cheesecake Factory's Capital Reinvestment Ratio across 67 annual periods. For the full cash flow conversion analysis, see The Cheesecake Factory cash conversion from operations.
Annual Capital Reinvestment Ratio for The Cheesecake Factory (1992–2025)
Year-by-year Capital Reinvestment Ratio for The Cheesecake Factory from 1992 to 2025. See CAKE free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.49x | $301.28 Million | $146.20 Million | ▼ -18.8% |
| 2025 | 0.60x | $268.32 Million | $160.36 Million | ▲ +0.0% |
| 2024 | 0.60x | $268.32 Million | $160.36 Million | ▼ -14.8% |
| 2024 | 0.70x | $218.40 Million | $153.22 Million | ▲ +0.0% |
| 2023 | 0.70x | $218.40 Million | $153.22 Million | ▲ +0.4% |
| 2023 | 0.70x | $161.93 Million | $113.14 Million | ▲ +0.0% |
| 2022 | 0.70x | $161.93 Million | $113.14 Million | ▲ +120.3% |
| 2022 | 0.32x | $213.01 Million | $67.55 Million | ▲ +0.0% |
| 2021 | 0.32x | $213.01 Million | $67.55 Million | ▼ -98.2% |
| 2021 | 17.51x | $2.91 Million | $50.91 Million | ▲ +0.0% |
| 2020 | 17.51x | $2.91 Million | $50.91 Million | ▲ +4948.6% |
| 2020 | 0.35x | $218.76 Million | $75.86 Million | ▲ +0.0% |
| 2019 | 0.35x | $218.76 Million | $75.86 Million | ▼ -4.6% |
| 2019 | 0.36x | $291.31 Million | $105.93 Million | ▲ +0.0% |
| 2018 | 0.36x | $291.31 Million | $105.93 Million | ▼ -29.1% |
| 2018 | 0.51x | $238.80 Million | $122.43 Million | ▲ +0.0% |
| 2017 | 0.51x | $238.80 Million | $122.43 Million | ▲ +32.0% |
| 2017 | 0.39x | $302.52 Million | $117.46 Million | ▲ +0.0% |
| 2016 | 0.39x | $302.52 Million | $117.46 Million | ▼ -41.3% |
| 2016 | 0.66x | $235.42 Million | $155.70 Million | ▲ +0.0% |
| 2015 | 0.66x | $235.42 Million | $155.70 Million | ▲ +36.8% |
| 2015 | 0.48x | $239.65 Million | $115.86 Million | ▲ +0.0% |
| 2014 | 0.48x | $239.65 Million | $115.86 Million | ▼ -8.3% |
| 2014 | 0.53x | $204.78 Million | $107.94 Million | ▲ +0.0% |
| 2013 | 0.53x | $204.78 Million | $107.94 Million | ▲ +16.8% |
| 2013 | 0.45x | $195.37 Million | $88.15 Million | ▲ +0.0% |
| 2012 | 0.45x | $195.37 Million | $88.15 Million | ▲ +14.0% |
| 2012 | 0.40x | $196.06 Million | $77.62 Million | ▲ +0.0% |
| 2011 | 0.40x | $196.06 Million | $77.62 Million | ▲ +56.3% |
| 2011 | 0.25x | $165.24 Million | $41.85 Million | ▲ +0.0% |
| 2010 | 0.25x | $165.24 Million | $41.85 Million | ▲ +34.1% |
| 2010 | 0.19x | $197.13 Million | $37.24 Million | ▲ +0.0% |
| 2009 | 0.19x | $197.13 Million | $37.24 Million | ▼ -62.4% |
| 2009 | 0.50x | $169.19 Million | $84.91 Million | ▲ +0.0% |
| 2008 | 0.50x | $169.19 Million | $84.91 Million | ▼ -61.9% |
| 2008 | 1.32x | $160.10 Million | $211.03 Million | ▲ +0.0% |
| 2007 | 1.32x | $160.10 Million | $211.03 Million | ▲ +8.3% |
| 2007 | 1.22x | $152.66 Million | $185.74 Million | ▲ +0.0% |
| 2006 | 1.22x | $152.66 Million | $185.74 Million | ▲ +18.3% |
| 2006 | 1.03x | $165.51 Million | $170.16 Million | ▲ +0.0% |
| 2005 | 1.03x | $165.51 Million | $170.16 Million | ▼ -4.7% |
| 2005 | 1.08x | $150.14 Million | $161.90 Million | ▲ +0.0% |
| 2004 | 1.08x | $150.14 Million | $161.90 Million | ▲ +19.2% |
| 2004 | 0.90x | $116.65 Million | $105.56 Million | ▲ +0.0% |
| 2003 | 0.90x | $116.65 Million | $105.56 Million | ▼ -2.4% |
| 2003 | 0.93x | $93.45 Million | $86.62 Million | ▲ +0.0% |
| 2002 | 0.93x | $93.45 Million | $86.62 Million | ▼ -5.4% |
| 2002 | 0.98x | $75.85 Million | $74.32 Million | ▲ +0.0% |
| 2001 | 0.98x | $75.85 Million | $74.32 Million | ▲ +40.8% |
| 2001 | 0.70x | $56.34 Million | $39.22 Million | ▲ +0.0% |
| 2000 | 0.70x | $56.34 Million | $39.22 Million | ▼ -31.8% |
| 2000 | 1.02x | $37.80 Million | $38.60 Million | ▲ +0.0% |
| 1999 | 1.02x | $37.80 Million | $38.60 Million | ▼ -1.3% |
| 1999 | 1.03x | $27.03 Million | $27.97 Million | ▲ +0.0% |
| 1998 | 1.03x | $27.03 Million | $27.97 Million | ▼ -45.2% |
| 1998 | 1.89x | $11.49 Million | $21.70 Million | ▲ +0.0% |
| 1997 | 1.89x | $11.49 Million | $21.70 Million | ▼ -22.3% |
| 1997 | 2.43x | $9.56 Million | $23.25 Million | ▲ +0.0% |
| 1996 | 2.43x | $9.56 Million | $23.25 Million | ▲ +5.5% |
| 1996 | 2.30x | $12.80 Million | $29.50 Million | ▲ +0.0% |
| 1995 | 2.30x | $12.80 Million | $29.50 Million | ▲ +33.7% |
| 1995 | 1.72x | $7.60 Million | $13.10 Million | ▲ +0.0% |
| 1994 | 1.72x | $7.60 Million | $13.10 Million | ▼ -56.3% |
| 1994 | 3.95x | $1.90 Million | $7.50 Million | ▲ +0.0% |
| 1993 | 3.95x | $1.90 Million | $7.50 Million | ▲ +446.6% |
| 1993 | 0.72x | $3.60 Million | $2.60 Million | ▲ +0.0% |
| 1992 | 0.72x | $3.60 Million | $2.60 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow