NYSE : CAVA
CAVA Group, Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 58.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.86B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CAVA Group, Inc. (CAVA) reported revenue of 1.37B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.37B | 1.18B | 963.71M | 728.70M | 564.12M | 500.07M |
| Cost of Revenue | 855.50M | 738.22M | 602.08M | 459.10M | 391.55M | 347.47M |
| Gross Profit | 518.43M | 441.45M | 361.63M | 269.60M | 172.57M | 152.61M |
| Selling, General & Admin | 155.41M | 137.46M | 120.50M | 101.49M | 70.04M | 64.79M |
| Other Operating Expenses | 179.93M | 150.98M | 119.82M | 89.25M | 74.59M | 77.29M |
| Operating Expenses | 440.26M | 381.24M | 312.88M | 253.89M | 206.66M | 194.82M |
| Operating Income | 78.16M | 60.21M | 48.75M | 15.70M | -34.09M | -42.21M |
| Interest Expense | -47.00K | -4.81M | ||||
| Interest & Investment Income | 14.22M | 15.04M | 16.47M | 8.85M | ||
| Other Non Operating Income (Expenses) | 1.11M | 469.00K | 318.00K | 471.00K | 919.00K | 20.29M |
| EBT Excluding Unusual Items | 93.49M | 75.72M | 65.55M | 25.03M | -33.22M | -26.73M |
| Merger & Restructuring Charges | -580.00K | -6.08M | -5.92M | |||
| Asset Writedown | -6.13M | -4.92M | -5.05M | -4.90M | -19.75M | -10.54M |
| Pretax Income | 87.36M | 70.80M | 59.91M | 14.05M | -58.89M | -37.27M |
| Income Tax Expense | 21.11M | 7.06M | -70.41M | 768.00K | 93.00K | 117.00K |
| Net Income | 66.25M | 63.74M | 130.32M | 13.28M | -58.99M | -37.39M |
| Net Income to Common | 66.25M | 63.74M | 130.32M | 13.28M | -58.99M | -37.39M |
| Shares Outstanding (Basic) | 116.21M | 115.80M | 114.29M | 60.51M | 1.33M | 732.00K |
| Shares Outstanding (Diluted) | 118.25M | 118.28M | 118.27M | 63.45M | 1.33M | 732.00K |
| EPS (Basic) | 0.57 | 0.55 | 1.14 | 0.22 | -44.42 | -51.08 |
| EPS (Diluted) | 0.56 | 0.54 | 1.10 | 0.21 | -44.42 | -51.08 |
| Free Cash Flow | 49.02M | 26.14M | 52.90M | -41.70M | -98.12M | -52.92M |
| Free Cash Flow Per Share | 0.41 | 0.22 | 0.45 | -0.66 | -73.89 | -72.29 |
| Gross Margin | 37.73% | 37.42% | 37.52% | 37.00% | 30.59% | 30.52% |
| Operating Margin | 5.69% | 5.10% | 5.06% | 2.15% | -6.04% | -8.44% |
| Profit Margin | 4.82% | 5.40% | 13.52% | 1.82% | -10.46% | -7.48% |
| Free Cash Flow Margin | 3.57% | 2.22% | 5.49% | -5.72% | -17.39% | -10.58% |
| EBITDA | 160.63M | 133.87M | 109.11M | 63.14M | 8.63M | 2.23M |
| EBITDA Margin | 11.69% | 11.35% | 11.32% | 8.66% | 1.53% | 0.45% |
| D&A For EBITDA | 82.47M | 73.66M | 60.35M | 47.43M | 42.72M | 44.45M |
| EBIT | 78.16M | 60.21M | 48.75M | 15.70M | -34.09M | -42.21M |
| EBIT Margin | 5.69% | 5.10% | 5.06% | 2.15% | -6.04% | -8.44% |
| Effective Tax Rate | 24.16% | 9.97% | 5.47% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 322.76M | 282.92M | 366.12M | 332.43M | 39.12M | 140.33M |
| Short-Term Investments | 112.84M | 110.11M | ||||
| Cash & Short-Term Investments | 435.60M | 393.03M | 366.12M | 332.43M | 39.12M | 140.33M |
| Accounts Receivable | 10.14M | 6.32M | 4.80M | 3.66M | 2.83M | 2.78M |
| Other Receivables | 10.44M | 12.66M | 8.20M | 8.22M | 4.91M | 3.28M |
| Receivables | 20.58M | 18.99M | 13.00M | 11.88M | 7.74M | 6.06M |
| Inventory | 9.80M | 9.02M | 7.60M | 5.64M | 5.14M | 3.64M |
| Prepaid Expenses | 13.89M | 10.04M | 7.44M | 4.96M | 6.15M | 4.36M |
| Total Current Assets | 479.87M | 431.07M | 394.15M | 354.91M | 58.15M | 154.39M |
| Property, Plant & Equipment | 945.08M | 846.92M | 694.73M | 620.18M | 516.86M | 194.94M |
| Goodwill | 1.94M | 1.94M | 1.94M | 1.94M | 1.94M | 1.94M |
| Other Intangible Assets | 1.75M | 1.78M | 1.35M | 1.35M | 1.38M | 7.30M |
| Long-Term Deferred Tax Assets | 51.59M | 65.39M | 71.54M | |||
| Long-Term Deferred Charges | 300.00K | 300.00K | ||||
| Other Long-Term Assets | 8.83M | 7.33M | 5.95M | 5.37M | 5.55M | 3.31M |
| Total Assets | 1.50B | 1.36B | 1.17B | 983.76M | 583.88M | 362.19M |
| Accounts Payable | 38.01M | 37.49M | 25.57M | 17.23M | 14.31M | 13.97M |
| Accrued Expenses | 77.26M | 60.35M | 55.57M | 47.19M | 29.47M | 35.11M |
| Current Portion of Leases | 55.47M | 48.53M | 37.24M | 32.58M | 29.54M | |
| Current Unearned Revenue | 7.47M | 6.78M | 6.74M | 4.10M | 3.27M | |
| Other Current Liabilities | 15.01M | 9.51M | 7.51M | 7.93M | 7.73M | 2.64M |
| Total Current Liabilities | 193.23M | 162.66M | 132.64M | 109.04M | 84.32M | 51.73M |
| Long-Term Debt | 15.34M | |||||
| Long-Term Leases | 465.27M | 417.71M | 341.47M | 303.62M | 285.19M | |
| Long-Term Deferred Tax Liabilities | 79.00K | 28.00K | 23.00K | |||
| Other Long-Term Liabilities | 225.00K | 538.00K | 25.82M | |||
| Total Liabilities | 658.50M | 580.37M | 474.10M | 412.95M | 370.08M | 92.91M |
| Common Stock | 12.00K | 12.00K | 12.00K | 11.00K | ||
| Additional Paid-In Capital | 1.08B | 1.07B | 1.05B | 1.03B | 19.06M | 15.22M |
| Retained Earnings | -207.02M | -253.60M | -317.34M | -447.66M | -460.94M | -402.53M |
| Treasury Stock | -34.38M | -34.38M | -34.38M | -9.73M | -6.62M | -5.71M |
| Comprehensive Income & Other | -201.00K | 118.00K | ||||
| Total Common Equity | 841.28M | 779.66M | 695.57M | 570.80M | -448.50M | -393.02M |
| Shareholders' Equity | 841.28M | 779.66M | 695.57M | 570.80M | 213.81M | 269.29M |
| Total Liabilities & Equity | 1.50B | 1.36B | 1.17B | 983.76M | 583.88M | 362.19M |
| Total Debt | 520.74M | 466.25M | 378.71M | 336.20M | 314.73M | 15.34M |
| Net Cash (Debt) | -85.14M | -73.22M | -12.59M | -3.77M | -275.61M | 124.99M |
| Net Cash Per Share | -0.72 | -0.62 | -0.11 | -0.06 | -207.54 | 170.75 |
| Filing Date Shares Outstanding | 116.81M | 116.38M | 115.59M | 114.00M | 523.18K | 377.48K |
| Total Common Shares Outstanding | 116.80M | 116.13M | 115.09M | 113.71M | 523.18K | 377.48K |
| Working Capital | 286.64M | 268.42M | 261.52M | 245.88M | -26.17M | 102.67M |
| Book Value Per Share | 7.20 | 6.71 | 6.04 | 5.02 | -857.26 | -1,041.16 |
| Tangible Book Value | 837.58M | 775.93M | 692.27M | 567.50M | -451.83M | -402.27M |
| Tangible Book Value Per Share | 7.17 | 6.68 | 6.01 | 4.99 | -863.62 | -1,065.66 |
| Land | 600.00K | 600.00K | 600.00K | 600.00K | 600.00K | |
| Buildings | 24.06M | 24.05M | 24.04M | 12.70M | ||
| Machinery | 239.07M | 218.24M | 183.07M | 145.40M | 112.66M | 89.97M |
| Construction In Progress | 63.98M | 42.20M | 27.73M | 58.50M | 36.27M | 16.57M |
| Leasehold Improvements | 469.75M | 425.58M | 332.31M | 268.25M | 206.85M | 183.74M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 66.25M | 63.74M | 130.32M | 13.28M | -58.99M | -37.39M |
| Depreciation & Amortization | 82.47M | 73.66M | 60.35M | 47.43M | 42.72M | 44.45M |
| Asset Writedown & Restructuring Costs | 6.13M | 4.92M | 5.05M | 4.90M | 19.75M | 10.54M |
| Stock-Based Compensation | 18.39M | 15.23M | 13.60M | 9.36M | 3.80M | 5.35M |
| Other Operating Activities | 19.76M | 5.81M | -71.62M | 50.00K | 5.00K | -20.00M |
| Change in Accounts Receivable | -2.50M | -1.52M | -1.14M | -835.00K | -50.00K | 453.00K |
| Change in Inventory | -1.80M | -1.42M | -1.96M | -498.00K | -1.50M | -1.16M |
| Change in Accounts Payable | 2.77M | 9.43M | 8.90M | 2.55M | 336.00K | -555.00K |
| Change in Other Net Operating Assets | 29.00M | 14.97M | 17.51M | 20.86M | -50.00K | 1.71M |
| Operating Cash Flow | 220.47M | 184.84M | 161.03M | 97.10M | 6.04M | 3.39M |
| Capital Expenditures | -171.44M | -158.70M | -108.13M | -138.81M | -104.16M | -56.31M |
| Investment in Securities | -16.72M | -109.34M | ||||
| Other Investing Activities | -5.00M | -5.00M | ||||
| Investing Cash Flow | -193.17M | -273.04M | -108.13M | -138.81M | -104.16M | -56.31M |
| Long-Term Debt Issued | 6.00M | 338.00K | ||||
| Long-Term Debt Repaid | -45.00K | -6.08M | -115.00K | -40.00M | ||
| Net Debt Issued (Repaid) | -45.00K | -85.00K | -115.00K | -39.66M | ||
| Issuance of Common Stock | 6.12M | 5.00M | 5.49M | 343.96M | 37.00K | 7.13M |
| Repurchase of Common Stock | -24.65M | -3.11M | -911.00K | -7.69M | ||
| Other Financing Activities | -824.00K | -5.76M | -2.10M | -7.90M | ||
| Financing Cash Flow | 5.29M | 5.00M | -19.20M | 335.01M | -3.08M | 143.15M |
| Net Cash Flow | 32.59M | -83.20M | 33.69M | 293.30M | -101.21M | 90.24M |
| Free Cash Flow | 49.02M | 26.14M | 52.90M | -41.70M | -98.12M | -52.92M |
| Free Cash Flow Margin | 3.57% | 2.22% | 5.49% | -5.72% | -17.39% | -10.58% |
| Free Cash Flow Per Share | 0.41 | 0.22 | 0.45 | -0.66 | -73.89 | -72.29 |
| Levered Free Cash Flow | -721.50K | -20.63M | 13.23M | -53.98M | -80.88M | |
| Unlevered Free Cash Flow | -721.50K | -20.63M | 13.23M | -53.98M | -80.85M | |
| Cash Interest Paid | 164.00K | 164.00K | 211.00K | 330.00K | 161.00K | 4.79M |
| Cash Income Tax Paid | 1.82M | 1.67M | 2.53M | 116.00K | 523.00K | 212.00K |
| Change in Working Capital | 27.47M | 21.47M | 23.31M | 22.08M | -1.26M | 446.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.86B | 6.98B | 13.10B | 4.88B | ||
| Enterprise Value | 6.95B | 7.03B | 13.11B | 4.88B | ||
| Last Close Price | 58.74 | 60.15 | 114.37 | 42.98 | ||
| PE Ratio | 104.90 | 109.45 | 100.56 | 367.70 | ||
| Forward PE | 88.69 | 105.90 | 196.65 | 259.38 | ||
| PS Ratio | 4.99 | 5.91 | 13.60 | 6.70 | ||
| PB Ratio | 8.16 | 8.95 | 18.84 | 8.55 | ||
| P/TBV Ratio | 8.19 | 8.99 | 18.93 | 8.60 | ||
| P/FCF Ratio | 139.96 | 266.88 | 247.74 | |||
| P/OCF Ratio | 31.12 | 37.74 | 81.38 | 50.29 | ||
| PEG Ratio | 3.41 | 3.20 | 6.55 | 8.19 | ||
| EV/Sales Ratio | 5.06 | 5.96 | 13.60 | 6.70 | ||
| EV/EBITDA Ratio | 43.24 | 52.53 | 120.13 | 77.37 | ||
| EV/EBIT Ratio | 88.87 | 116.80 | 268.85 | 311.07 | ||
| EV/FCF Ratio | 141.70 | 269.01 | 247.79 | |||
| Debt / Equity Ratio | 0.62 | 0.60 | 0.54 | 0.59 | 1.47 | 0.06 |
| Debt / EBITDA Ratio | 2.05 | 2.14 | 2.11 | 2.76 | 5.01 | 6.87 |
| Debt / FCF Ratio | 10.62 | 17.84 | 7.16 | |||
| Net Debt / Equity Ratio | 0.10 | 0.09 | 0.02 | 0.01 | 1.29 | -0.46 |
| Net Debt / EBITDA Ratio | 0.53 | 0.55 | 0.12 | 0.06 | 31.92 | -55.92 |
| Net Debt / FCF Ratio | 1.74 | 2.80 | 0.24 | -0.09 | -2.81 | 2.36 |
| Asset Turnover | 0.98 | 0.93 | 0.90 | 0.93 | 1.19 | |
| Inventory Turnover | 96.16 | 88.85 | 90.97 | 85.21 | 89.17 | |
| Quick Ratio | 2.36 | 2.53 | 2.86 | 3.16 | 0.56 | 2.83 |
| Current Ratio | 2.48 | 2.65 | 2.97 | 3.25 | 0.69 | 2.98 |
| Return on Equity (ROE) | 8.32% | 8.64% | 20.58% | 3.38% | -24.42% | |
| Return on Assets (ROA) | 3.50% | 2.97% | 2.83% | 1.25% | -4.50% | |
| Return on Invested Capital (ROIC) | 6.47% | 6.94% | 7.60% | 2.79% | -10.76% | -29.25% |
| Return on Capital Employed (ROCE) | 6.00% | 5.00% | 4.70% | 1.80% | -6.80% | -13.60% |
| Earnings Yield | 0.95% | 0.91% | 0.99% | 0.27% | ||
| FCF Yield | 0.71% | 0.38% | 0.40% | -0.85% | ||
| Buyback Yield / Dilution | 0.14% | -0.00% | -86.41% | -4,677.71% | -81.42% |