Earnings quality
Compare earnings and operating cash flow for earnings quality.
CAVA Group, Inc.
Ticker CAVA · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-25 · Period end 2025-12-28
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 4.7%; equity ratio is 57.3%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin4.7%
Equity ratio57.3%
Last priceUSD 62.05
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
CAVA Group, Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 202.400.2920 · As of filing date 2026-02-25
Financial statements
Income statement
| Account | FY2024 (ended Dec 29, 2024) | FY2025 (ended Dec 28, 2025) |
|---|---|---|
| Revenue | $963.7M | $1.2B |
| Cost of sales* | $865.7M | $999.3M |
| Gross profit | $98.0M | $180.3M |
| Operating profit | $43.1M | $55.3M |
| Income tax | -$70.4M | $7.1M |
| Net income | $130.3M | $63.7M |
| Basic EPS | — | — |
Balance sheet
| Account | FY2024 (ended Dec 29, 2024) | FY2025 (ended Dec 28, 2025) |
|---|---|---|
| Cash & equivalents | $366.1M | $282.9M |
| Current assets | $394.2M | $431.1M |
| Non-current assets* | $775.5M | $929.0M |
| Total assets | $1.2B | $1.4B |
| Current liabilities | $132.6M | $162.7M |
| Non-current liabilities* | $341.5M | $417.7M |
| Total liabilities | $474.1M | $580.4M |
| Stockholders’ equity | $695.6M | $779.7M |
Cash flow statement
| Account | FY2024 (ended Dec 29, 2024) | FY2025 (ended Dec 28, 2025) |
|---|---|---|
| Operating cash flow | $161.0M | $184.8M |
| Investing cash flow | -$108.1M | -$273.0M |
| Financing cash flow | -$19.2M | $5.0M |
| Cash at end of period | $366.1M | $282.9M |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $500.1M | $564.1M | $728.7M | $963.7M | $1.2B | |
| Operating profit | -$52.8M | -$59.8M | $4.7M | $43.1M | $55.3M | |
| Net income | -$37.4M | -$59.0M | $13.3M | $130.3M | $63.7M | |
| Total assets | — | $583.9M | $983.8M | $1.2B | $1.4B | |
| Cash & equivalents | — | $39.1M | $332.4M | $366.1M | $282.9M | |
| Stockholders’ equity | -$393.0M | -$448.5M | $570.8M | $695.6M | $779.7M |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $963.7M to $1.2B (▲ +22.4%). Operating profit went from $43.1M to $55.3M (▲ +28.2%).
Operating cash flow was $184.8M (prior $161.0M), with cash on the balance sheet at $282.9M versus $366.1M.
Liquidity & leverage
Cash moved from $366.1M to $282.9M; current liabilities $162.7M.
Capital buffer
Stockholders’ equity moved from $695.6M to $779.7M.
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Source: SEC EDGAR 0001628280-26-011296
(CAVA Group, Inc.), period end 2025-12-28.