CAVA Group (CAVA) Financials

$89.13 +0.09 (+0.10%)

As of 10:22 AM Eastern

Annual Income Statements for CAVA Group

This table shows CAVA Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-37	-59	13	130
Consolidated Net Income / (Loss)	-37	-59	13	130
Net Income / (Loss) Continuing Operations	-37	-59	13	130
Total Pre-Tax Income	-37	-59	14	60
Total Operating Income	-53	-60	4.73	43
Total Gross Profit	202	226	328	431
Total Revenue	500	564	729	964
Operating Revenue	500	564	729	964
Total Cost of Revenue	298	338	401	532
Operating Cost of Revenue	298	338	401	532
Total Operating Expenses	255	286	323	388
Selling, General & Admin Expense	65	70	101	121
Depreciation Expense	45	43	47	60
Other Operating Expenses / (Income)	120	128	148	190
Impairment Charge	11	20	4.90	5.06
Restructuring Charge	6.84	5.92	6.08	0.58
Other Special Charges / (Income)	8.19	19	16	12
Total Other Income / (Expense), net	15	0.87	9.32	17
Interest & Investment Income	-	-0.05	8.85	16
Other Income / (Expense), net	20	0.92	0.47	0.32
Income Tax Expense	0.12	0.09	0.77	-70
Basic Earnings per Share	($51.06)	($44.41)	$0.22	$1.14
Weighted Average Basic Shares Outstanding	732K	1.33M	60.51M	114.29M
Diluted Earnings per Share	($51.06)	($44.41)	$0.21	$1.10
Weighted Average Diluted Shares Outstanding	732K	1.33M	63.45M	118.27M
Weighted Average Basic & Diluted Shares Outstanding	-	-	114.00M	115.59M

This table shows CAVA Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-12	-2.14	6.54	6.83	2.05	14	20	18	79
Consolidated Net Income / (Loss)	-12	-2.14	6.54	6.83	2.05	14	20	18	79
Net Income / (Loss) Continuing Operations	-12	-2.14	6.54	6.83	2.05	14	20	18	79
Total Pre-Tax Income	-12	-2.10	6.58	6.87	2.70	14	20	18	7.73
Total Operating Income	-12	-2.25	5.76	2.80	-1.58	9.25	16	14	3.95
Total Gross Profit	39	92	79	80	77	119	106	109	98
Total Revenue	139	203	173	176	177	259	233	244	227
Operating Revenue	139	203	173	176	177	259	233	244	227
Total Cost of Revenue	101	111	93	96	100	140	127	135	130
Operating Cost of Revenue	101	111	93	96	100	140	127	135	130
Total Operating Expenses	51	94	74	77	78	109	90	95	94
Selling, General & Admin Expense	17	29	23	24	25	34	28	30	29
Depreciation Expense	10	13	11	12	12	17	14	14	15
Other Operating Expenses / (Income)	12	41	34	35	37	53	44	46	46
Impairment Charge	3.84	2.72	0.39	1.19	0.60	1.29	0.83	1.68	1.26
Restructuring Charge	2.06	2.22	1.85	1.09	0.92	0.28	0.07	0.23	-0.00
Other Special Charges / (Income)	6.18	6.00	3.40	3.41	2.91	3.38	3.30	2.82	2.70
Total Other Income / (Expense), net	0.30	0.15	0.82	4.08	4.28	4.99	3.88	4.14	3.78
Other Income / (Expense), net	0.19	0.17	0.12	0.12	0.06	0.08	0.06	0.05	0.13
Income Tax Expense	-0.03	0.04	0.04	0.04	0.65	0.25	0.29	-0.06	-71
Basic Earnings per Share	($8.96)	($1.30)	$0.23	$0.06	$1.23	$0.12	$0.17	$0.16	$0.69
Weighted Average Basic Shares Outstanding	1.33M	1.65M	28.37M	113.58M	60.51M	113.97M	114.13M	114.43M	114.29M
Diluted Earnings per Share	($8.96)	($1.30)	$0.21	$0.06	$1.24	$0.12	$0.17	$0.15	$0.66
Weighted Average Diluted Shares Outstanding	1.33M	1.65M	31.28M	117.71M	63.45M	117.94M	118.29M	118.43M	118.27M
Weighted Average Basic & Diluted Shares Outstanding	-	-	113.58M	113.61M	114.00M	114.03M	114.32M	114.58M	115.59M

This table details how cash moves in and out of CAVA Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	90	-101	293	34
Net Cash From Operating Activities	3.39	6.04	97	161
Net Cash From Continuing Operating Activities	3.39	6.04	97	161
Net Income / (Loss) Continuing Operations	-37	-59	13	130
Consolidated Net Income / (Loss)	-37	-59	13	130
Depreciation Expense	38	37	47	60
Amortization Expense	6.18	5.64	0.03	0.00
Non-Cash Adjustments To Reconcile Net Income	-4.11	-11	-6.26	-14
Changes in Operating Assets and Liabilities, net	0.45	33	43	-16
Net Cash From Investing Activities	-56	-104	-139	-108
Net Cash From Continuing Investing Activities	-56	-104	-139	-108
Purchase of Property, Plant & Equipment	-56	-104	-139	-108
Net Cash From Financing Activities	143	-3.08	335	-19
Net Cash From Continuing Financing Activities	143	-3.08	335	-19
Repayment of Debt	-40	-0.99	-6.37	0.00
Repurchase of Common Equity	-7.69	-1.11	-5.38	0.00
Issuance of Debt	0.00	0.00	6.00	0.00
Issuance of Common Equity	0.00	0.00	343	0.00
Other Financing Activities, net	7.47	-0.99	-1.84	-19
Cash Interest Paid	0.77	0.16	0.33	0.21
Cash Income Taxes Paid	0.21	0.52	0.12	2.53

This table details how cash moves in and out of CAVA Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-19	-33	-16	330	-12	-7.97	-3.31	15	23	-1.04
Net Cash From Operating Activities	6.66	0.81	26	21	26	24	38	49	44	30
Net Cash From Continuing Operating Activities	6.66	0.81	26	21	26	24	38	49	44	30
Net Income / (Loss) Continuing Operations	-12	-19	-2.14	6.54	6.83	2.05	14	20	18	79
Consolidated Net Income / (Loss)	-12	-19	-2.14	6.54	6.83	2.05	14	20	18	79
Depreciation Expense	8.57	10	13	11	12	12	17	14	14	15
Non-Cash Adjustments To Reconcile Net Income	4.07	9.36	-1.39	-11	26	-20	-4.16	-2.36	-4.48	-2.84
Changes in Operating Assets and Liabilities, net	4.46	-0.65	16	15	-18	30	11	18	16	-61
Net Cash From Investing Activities	-26	-32	-39	-33	-35	-31	-34	-26	-21	-28
Net Cash From Continuing Investing Activities	-26	-32	-39	-33	-35	-31	-34	-26	-21	-28
Purchase of Property, Plant & Equipment	-26	-32	-39	-33	-35	-31	-34	-26	-21	-28
Net Cash From Financing Activities	-0.03	-1.43	-2.99	342	-3.34	-0.74	-8.01	-8.08	0.04	-3.15
Net Cash From Continuing Financing Activities	-0.03	-1.43	-2.99	342	-3.34	-0.74	-8.01	-8.08	0.04	-3.15
Other Financing Activities, net	-0.01	-0.95	-1.35	0.13	-0.12	-0.50	-8.01	-8.08	0.04	-3.15
Cash Income Taxes Paid	0.11	0.11	0.04	0.12	0.09	-0.14	0.81	0.17	0.06	1.49

This table presents CAVA Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	584	984	1,170
Total Current Assets	58	355	394
Cash & Equivalents	39	332	366
Accounts Receivable	7.74	12	13
Inventories, net	5.14	5.64	7.60
Prepaid Expenses	6.15	4.96	7.44
Plant, Property, & Equipment, net	243	331	373
Total Noncurrent Assets	283	298	403
Goodwill	1.94	1.94	1.94
Intangible Assets	1.38	1.36	1.36
Noncurrent Deferred & Refundable Income Taxes	-	0.00	72
Other Noncurrent Operating Assets	279	295	328
Total Liabilities & Shareholders' Equity	584	984	1,170
Total Liabilities	370	413	474
Total Current Liabilities	84	109	133
Accounts Payable	14	17	26
Accrued Expenses	40	59	70
Other Current Liabilities	30	33	37
Total Noncurrent Liabilities	286	304	341
Noncurrent Deferred & Payable Income Tax Liabilities	0.03	0.08	0.00
Other Noncurrent Operating Liabilities	286	304	341
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-449	571	696
Total Preferred & Common Equity	-449	571	696
Total Common Equity	-449	571	696
Common Stock	19	1,028	1,047
Retained Earnings	-461	-448	-317
Treasury Stock	-6.62	-9.73	-34

This table presents CAVA Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	970	985	1,005	1,039	1,080
Total Current Assets	375	364	352	370	393
Cash & Equivalents	353	340	329	344	367
Accounts Receivable	12	13	12	14	13
Inventories, net	5.36	5.73	6.30	7.20	7.34
Prepaid Expenses	4.53	4.83	4.86	4.93	5.57
Plant, Property, & Equipment, net	298	316	346	355	363
Total Noncurrent Assets	297	305	307	314	323
Goodwill	1.94	1.94	1.94	1.94	1.94
Intangible Assets	1.36	1.36	1.36	1.36	1.36
Other Noncurrent Operating Assets	294	302	304	310	320
Total Liabilities & Shareholders' Equity	970	985	1,005	1,039	1,080
Total Liabilities	415	419	424	443	463
Total Current Liabilities	115	113	111	124	134
Accounts Payable	14	14	19	20	25
Accrued Expenses	66	63	54	64	68
Other Current Liabilities	34	36	38	40	41
Total Noncurrent Liabilities	300	306	313	320	329
Noncurrent Deferred & Payable Income Tax Liabilities	0.03	0.03	0.08	0.08	0.08
Other Noncurrent Operating Liabilities	300	306	313	319	329
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	556	566	581	595	616
Total Preferred & Common Equity	556	566	581	595	616
Total Common Equity	556	566	581	595	616
Common Stock	1,020	1,024	1,032	1,036	1,040
Retained Earnings	-457	-450	-434	-414	-396
Treasury Stock	-8.09	-8.19	-18	-27	-28

This table displays calculated financial ratios and metrics derived from CAVA Group's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	12.81%	29.17%	32.25%
EBITDA Growth	0.00%	-234.57%	426.42%	97.21%
EBIT Growth	0.00%	-81.27%	108.83%	735.95%
NOPAT Growth	0.00%	-13.30%	110.68%	1,999.82%
Net Income Growth	0.00%	-57.76%	122.51%	881.32%
EPS Growth	0.00%	13.02%	100.47%	423.81%
Operating Cash Flow Growth	0.00%	77.95%	1,508.17%	65.83%
Free Cash Flow Firm Growth	0.00%	0.00%	72.65%	104.59%
Invested Capital Growth	0.00%	0.00%	36.46%	38.21%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	5.50%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	8.63%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	14.81%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	154.81%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	142.46%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-34.52%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	31.40%	3.76%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	32.16%
Profitability Metrics	-	-	-	-
Gross Margin	40.38%	40.11%	45.00%	44.77%
EBITDA Margin	2.40%	-2.86%	7.22%	10.77%
Operating Margin	-10.55%	-10.59%	0.65%	4.47%
EBIT Margin	-6.49%	-10.43%	0.71%	4.51%
Profit (Net Income) Margin	-7.48%	-10.46%	1.82%	13.52%
Tax Burden Percent	100.31%	100.16%	94.53%	217.52%
Interest Burden Percent	114.82%	100.08%	270.36%	137.93%
Effective Tax Rate	0.00%	0.00%	5.47%	-117.52%
Return on Invested Capital (ROIC)	0.00%	-47.90%	2.16%	33.04%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	39.77%	-2.58%	22.58%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-7.28%	1.22%	-12.45%
Return on Equity (ROE)	0.00%	-55.18%	3.39%	20.58%
Cash Return on Invested Capital (CROIC)	0.00%	-247.90%	-28.68%	0.96%
Operating Return on Assets (OROA)	0.00%	-10.08%	0.66%	4.03%
Return on Assets (ROA)	0.00%	-10.10%	1.69%	12.10%
Return on Common Equity (ROCE)	0.00%	115.75%	0.53%	20.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	13.15%	2.33%	18.74%
Net Operating Profit after Tax (NOPAT)	-37	-42	4.47	94
NOPAT Margin	-7.38%	-7.42%	0.61%	9.73%
Net Nonoperating Expense Percent (NNEP)	0.00%	-87.67%	4.74%	10.46%
Return On Investment Capital (ROIC_SIMPLE)	-	9.33%	0.78%	13.48%
Cost of Revenue to Revenue	59.62%	59.90%	55.00%	55.23%
SG&A Expenses to Revenue	12.96%	12.42%	13.93%	12.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.92%	50.70%	44.35%	40.30%
Earnings before Interest and Taxes (EBIT)	-32	-59	5.20	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	-16	53	104
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	8.55	18.84
Price to Tangible Book Value (P/TBV)	0.00	0.00	8.60	18.93
Price to Revenue (P/Rev)	0.64	0.56	6.70	13.60
Price to Earnings (P/E)	0.00	0.00	367.70	100.56
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.27%	0.99%
Enterprise Value to Invested Capital (EV/IC)	0.00	5.39	19.09	38.67
Enterprise Value to Revenue (EV/Rev)	0.00	1.67	6.24	13.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	86.47	122.73
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	875.79	293.27
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	1,018.79	135.81
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	155.84	46.86	79.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	4,682.76
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.18	-0.47	-0.55
Leverage Ratio	0.00	2.73	2.00	1.70
Compound Leverage Factor	0.00	2.73	5.40	2.35
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	309.77%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-209.77%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	-0.01	7.52	17.42
Noncontrolling Interest Sharing Ratio	0.00%	309.77%	84.41%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	0.69	3.26	2.97
Quick Ratio	0.00	0.56	3.16	2.86
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-217	-59	2.72
Operating Cash Flow to CapEx	6.03%	5.80%	69.95%	148.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.71	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-11.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.97	0.93	0.90
Accounts Receivable Turnover	0.00	72.93	74.28	77.47
Inventory Turnover	0.00	65.75	74.38	80.42
Fixed Asset Turnover	0.00	2.32	2.54	2.74
Accounts Payable Turnover	0.00	23.61	25.41	24.87
Days Sales Outstanding (DSO)	0.00	5.00	4.91	4.71
Days Inventory Outstanding (DIO)	0.00	5.55	4.91	4.54
Days Payable Outstanding (DPO)	0.00	15.46	14.36	14.68
Cash Conversion Cycle (CCC)	0.00	-4.90	-4.54	-5.43
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	175	238	329
Invested Capital Turnover	0.00	6.46	3.53	3.39
Increase / (Decrease) in Invested Capital	0.00	175	64	91
Enterprise Value (EV)	0.00	941	4,551	12,738
Market Capitalization	318	318	4,883	13,104
Book Value per Share	$0.00	($337.73)	$5.02	$6.07
Tangible Book Value per Share	$0.00	($340.23)	$5.00	$6.04
Total Capital	0.00	214	571	696
Total Debt	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00
Net Debt	0.00	-39	-332	-366
Capital Expenditures (CapEx)	56	104	139	108
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-65	-87	-105
Debt-free Net Working Capital (DFNWC)	0.00	-26	246	262
Net Working Capital (NWC)	0.00	-26	246	262
Net Nonoperating Expense (NNE)	0.46	17	-8.81	-37
Net Nonoperating Obligations (NNO)	0.00	-39	-332	-366
Total Depreciation and Amortization (D&A)	44	43	47	60
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-11.57%	-11.88%	-10.85%
Debt-free Net Working Capital to Revenue	0.00%	-4.64%	33.74%	27.14%
Net Working Capital to Revenue	0.00%	-4.64%	33.74%	27.14%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.22	$1.14
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	60.51M	114.29M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.21	$1.10
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	63.45M	118.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	114.00M	115.59M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-10	30	43
Normalized NOPAT Margin	-3.80%	-1.83%	4.08%	4.43%
Pre Tax Income Margin	-7.45%	-10.44%	1.93%	6.22%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-6.75	0.00	0.00	0.00
NOPAT to Interest Expense	-7.68	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-18.46	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-19.38	0.00	0.00	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-20.56%	-1.88%	40.54%	0.00%

This table displays calculated financial ratios and metrics derived from CAVA Group's official financial filings.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	27.21%	26.06%	0.00%	27.54%	35.05%	38.89%	28.35%
EBITDA Growth	0.00%	0.00%	1,958.19%	815.35%	0.00%	147.22%	80.46%	94.86%	76.20%
EBIT Growth	0.00%	0.00%	172.24%	124.22%	0.00%	549.04%	175.58%	374.03%	368.44%
NOPAT Growth	0.00%	0.00%	198.12%	132.48%	0.00%	676.59%	177.85%	396.91%	3,455.16%
Net Income Growth	0.00%	0.00%	179.45%	157.45%	0.00%	753.57%	201.90%	162.93%	3,736.94%
EPS Growth	0.00%	0.00%	103.37%	100.67%	0.00%	109.23%	-19.05%	150.00%	-46.77%
Operating Cash Flow Growth	0.00%	0.00%	0.00%	290.00%	2,868.23%	49.48%	128.22%	68.91%	24.32%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	83.36%	95.44%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.01%	10.63%	38.21%
Revenue Q/Q Growth	2.46%	0.00%	-14.87%	1.54%	0.92%	0.00%	-9.85%	4.42%	-6.74%
EBITDA Q/Q Growth	-350.50%	0.00%	53.87%	-12.94%	-25.11%	0.00%	12.32%	-5.99%	-32.28%
EBIT Q/Q Growth	-47.87%	0.00%	382.96%	-50.43%	-152.18%	0.00%	73.66%	-14.72%	-70.45%
NOPAT Q/Q Growth	-46.62%	0.00%	463.29%	-51.47%	-143.12%	0.00%	75.07%	-13.20%	191.16%
Net Income Q/Q Growth	-44.51%	0.00%	405.42%	4.50%	-70.01%	0.00%	41.08%	-8.99%	337.60%
EPS Q/Q Growth	-43.82%	0.00%	116.15%	-71.43%	1,966.67%	0.00%	41.67%	-11.76%	340.00%
Operating Cash Flow Q/Q Growth	0.00%	3,074.17%	-16.54%	21.22%	-7.56%	59.86%	27.41%	-10.28%	-31.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-12.83%	100.00%	0.00%	86.47%	69.09%	-401.49%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	11.02%	5.79%	0.00%	0.00%	-0.96%	32.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	27.80%	45.21%	45.97%	45.47%	43.35%	45.77%	45.51%	44.72%	42.93%
EBITDA Margin	-1.45%	5.31%	9.59%	8.23%	6.10%	10.29%	12.82%	11.54%	8.38%
Operating Margin	-8.78%	-1.11%	3.33%	1.59%	-0.89%	3.57%	6.91%	5.65%	1.74%
EBIT Margin	-8.64%	-1.02%	3.40%	1.66%	-0.86%	3.60%	6.94%	5.67%	1.80%
Profit (Net Income) Margin	-8.54%	-1.05%	3.78%	3.89%	1.16%	5.40%	8.45%	7.37%	34.57%
Tax Burden Percent	99.76%	101.81%	99.39%	99.45%	75.86%	98.23%	98.57%	100.32%	1,017.33%
Interest Burden Percent	99.04%	101.20%	111.89%	235.71%	-177.58%	152.66%	123.60%	129.61%	189.27%
Effective Tax Rate	0.00%	0.00%	0.61%	0.55%	24.14%	1.77%	1.43%	-0.32%	-917.33%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-2.07%	21.88%	25.34%	21.81%	60.03%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-3.05%	18.90%	24.24%	20.63%	49.04%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	1.77%	-10.71%	-14.67%	-12.35%	-27.05%
Return on Equity (ROE)	0.00%	0.00%	0.00%	0.00%	-0.29%	11.17%	10.67%	9.46%	32.98%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-24.85%	0.00%	0.00%	0.00%	0.96%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%	-0.80%	2.81%	5.84%	5.02%	1.61%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%	1.08%	4.22%	7.11%	6.52%	30.95%
Return on Common Equity (ROCE)	0.00%	0.00%	0.00%	0.00%	-0.05%	11.17%	10.67%	9.46%	32.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	5.06%	7.16%	8.72%	0.00%
Net Operating Profit after Tax (NOPAT)	-8.56	-1.58	5.73	2.78	-1.20	9.09	16	14	40
NOPAT Margin	-6.15%	-0.78%	3.31%	1.58%	-0.68%	3.51%	6.82%	5.66%	17.69%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.46%	2.38%	0.98%	2.98%	1.10%	1.17%	11.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-0.21%	-	-	-	5.78%
Cost of Revenue to Revenue	72.20%	54.79%	54.03%	54.53%	56.65%	54.23%	54.49%	55.28%	57.07%
SG&A Expenses to Revenue	11.88%	14.29%	13.49%	13.94%	13.93%	13.07%	12.11%	12.23%	12.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.58%	46.32%	42.64%	43.88%	44.24%	42.20%	38.60%	39.08%	41.19%
Earnings before Interest and Taxes (EBIT)	-12	-2.08	5.88	2.92	-1.52	9.33	16	14	4.08
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.02	11	17	14	11	27	30	28	19
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	1.03	6.15	8.55	11.67	16.13	23.48	18.84
Price to Tangible Book Value (P/TBV)	0.00	0.00	1.04	6.19	8.60	11.74	16.22	23.60	18.93
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	6.70	8.64	11.37	15.84	13.60
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	367.70	230.48	225.43	269.27	100.56
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.27%	0.43%	0.44%	0.37%	0.99%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.08	13.93	19.09	25.63	36.80	56.59	38.67
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	6.24	8.22	10.96	15.44	13.22
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	86.47	94.16	113.17	147.63	122.73
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	875.79	388.44	343.98	372.85	293.27
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	1,018.79	410.69	358.12	383.22	135.81
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	4.02	42.47	46.86	58.74	67.47	90.90	79.11
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4,682.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.00	-0.63	-0.60	-0.58	-0.57	-0.61	-0.60	-0.55
Leverage Ratio	0.00	0.00	1.75	1.74	2.00	1.73	1.75	1.75	1.70
Compound Leverage Factor	0.00	0.00	1.95	4.10	-3.55	2.64	2.16	2.26	3.22
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	0.00	0.00	0.00	7.49	10.08	13.60	19.41	17.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	84.41%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	3.27	3.22	3.26	3.16	2.99	2.93	2.97
Quick Ratio	0.00	0.00	3.18	3.13	3.16	3.06	2.89	2.83	2.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-197	-223	0.00	-243	-33	-10	-51
Operating Cash Flow to CapEx	25.50%	65.68%	64.20%	74.04%	76.86%	113.95%	186.71%	213.97%	107.61%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	1,027.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-536.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00	0.93	0.78	0.84	0.88	0.90
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	74.28	66.88	65.61	70.56	77.47
Inventory Turnover	0.00	0.00	0.00	0.00	74.38	68.21	73.90	77.00	80.42
Fixed Asset Turnover	0.00	0.00	0.00	0.00	2.54	2.27	2.59	2.69	2.74
Accounts Payable Turnover	0.00	0.00	0.00	0.00	25.41	22.22	26.85	25.85	24.87
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	4.91	5.46	5.56	5.17	4.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	4.91	5.35	4.94	4.74	4.54
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	14.36	16.43	13.60	14.12	14.68
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	-4.54	-5.62	-3.09	-4.21	-5.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	0.00	203	225	238	252	252	249	329
Invested Capital Turnover	0.00	0.00	0.00	0.00	3.06	6.23	3.72	3.85	3.39
Increase / (Decrease) in Invested Capital	0.00	0.00	203	225	0.00	252	49	24	91
Enterprise Value (EV)	0.00	0.00	219	3,139	4,551	6,450	9,263	14,106	12,738
Market Capitalization	318	318	572	3,479	4,883	6,779	9,607	14,473	13,104
Book Value per Share	$0.00	$0.00	$19.59	$4.98	$5.02	$5.10	$5.22	$5.39	$6.07
Tangible Book Value per Share	$0.00	$0.00	$19.48	$4.95	$5.00	$5.07	$5.19	$5.36	$6.04
Total Capital	0.00	0.00	556	566	571	581	595	616	696
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	0.00	-353	-340	-332	-329	-344	-367	-366
Capital Expenditures (CapEx)	26	39	33	35	31	34	26	21	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	-93	-90	-87	-88	-98	-108	-105
Debt-free Net Working Capital (DFNWC)	0.00	0.00	260	251	246	241	246	259	262
Net Working Capital (NWC)	0.00	0.00	260	251	246	241	246	259	262
Net Nonoperating Expense (NNE)	3.34	0.56	-0.81	-4.05	-3.25	-4.90	-3.83	-4.15	-38
Net Nonoperating Obligations (NNO)	0.00	0.00	-353	-340	-332	-329	-344	-367	-366
Total Depreciation and Amortization (D&A)	10	13	11	12	12	17	14	14	15
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	-11.88%	-11.27%	-11.55%	-11.86%	-10.85%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	33.74%	30.68%	29.12%	28.33%	27.14%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%	33.74%	30.68%	29.12%	28.33%	27.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.23	$0.06	$1.23	$0.12	$0.17	$0.16	$0.69
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	28.37M	113.58M	60.51M	113.97M	114.13M	114.43M	114.29M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.21	$0.06	$1.24	$0.12	$0.17	$0.15	$0.66
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	31.28M	117.71M	63.45M	117.94M	118.29M	118.43M	118.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	113.58M	113.61M	114.00M	114.03M	114.32M	114.58M	115.59M
Normalized Net Operating Profit after Tax (NOPAT)	-0.11	6.08	11	8.44	2.16	14	20	13	5.54
Normalized NOPAT Margin	-0.08%	2.99%	6.55%	4.81%	1.22%	5.39%	8.59%	5.31%	2.43%
Pre Tax Income Margin	-8.56%	-1.04%	3.81%	3.91%	1.52%	5.50%	8.58%	7.35%	3.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-83.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-63.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-1,647.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-1,626.94	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	40.54%	24.07%	15.42%	6.23%	0.00%

Frequently Asked Questions About CAVA Group's Financials

When does CAVA Group's fiscal year end?

According to the most recent income statement we have on file, CAVA Group's financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has CAVA Group's net income changed over the last 3 years?

CAVA Group's net income appears to be on an upward trend, with a most recent value of $130.32 million in 2024, falling from -$37.39 million in 2021. The previous period was $13.28 million in 2023.

What is CAVA Group's operating income?

CAVA Group's total operating income in 2024 was $43.12 million, based on the following breakdown:

Total Gross Profit: $431.48 million
Total Operating Expenses: $388.36 million

How has CAVA Group revenue changed over the last 3 years?

Over the last 3 years, CAVA Group's total revenue changed from $500.07 million in 2021 to $963.71 million in 2024, a change of 92.7%.

How much debt does CAVA Group have?

CAVA Group's total liabilities were at $474.10 million at the end of 2024, a 14.8% increase from 2023, and a 28.1% increase since 2022.

How much cash does CAVA Group have?

In the past 2 years, CAVA Group's cash and equivalents has ranged from $39.13 million in 2022 to $366.12 million in 2024, and is currently $366.12 million as of their latest financial filing in 2024.

How has CAVA Group's book value per share changed over the last 3 years?

Over the last 3 years, CAVA Group's book value per share changed from 0.00 in 2021 to 6.07 in 2024, a change of 607.1%.

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This page (NYSE:CAVA) was last updated on 4/15/2025 by MarketBeat.com Staff

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CAVA Group (CAVA) Financials

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CAVA Group (CAVA) Financials

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