CAVA Group, Inc. owns and operates a chain of restaurants under the CAVA brand in the United States. It also offers dips, spreads, and dressings through grocery stores.
Profile & Fundamentals
CAVA Group: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
CAVA Group Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
CAVA Group, Inc. owns and operates a chain of restaurants under the CAVA brand in the United States. It also offers dips, spreads, and dressings through grocery stores. In addition, the company provides walk-the-line, online, and mobile ordering platforms. CAVA Group, Inc. was founded in 2006 and is headquartered in Washington, District Of Columbia.
Company profile record
CAVA Group, Inc.
Common Stock · Consumer Discretionary · Restaurants
Company
- Company / asset
- CAVA Group, Inc.
- Security type
- Common Stock
- Sector
- Consumer Discretionary
- Industry
- Restaurants
- HQ
- 🇺🇸 United States
- Head office
- 14 Ridge Square NW, Washington, DC, United States, 20016
Leadership & scale
- Chief executive
- Mr. Brett Schulman
- CEO year born
- 1972
- Full-time employees
- 13.5K
- Fiscal year end
- December
- IPO date
- 2023-06-15
Fundamentals snapshot
- Market Cap
- USD 6.2B
- P/E
- 94.1x
- Revenue (Q2 26)
- USD 368.4M
- Profit (Q2 26)
- USD 23.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 1.2B
- Shares in public float
- 107.9M
- Insider ownership
- 5.74%
Reporting & identifiers
- Symbol
- CAVA.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US1489291021
- Asset ID
- equity_3879b2c2-adeb-567a-a9df-5f196f9a4c43
Ownership
Shares Outstanding
Latest: 118.4M | Max: 118.4M | Min: 983.3K
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
91.16%
107.9M latest reported shares
Insider Ownership
5.74%
Latest reported insider stake
Short Float
0.13%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
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| Reporting date | Shares outstanding |
|---|---|
| 2021-01-01 | 983,300 |
| 2022-01-01 | 113,580,600 |
| 2023-01-01 | 113,580,600 |
| 2024-01-01 | 118,273,000 |
| 2025-01-01 | 118,018,000 |
| 2026-01-01 | 118,379,000 |
Top Holders
Available reported ownership records.
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| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 9,567,987 | 8.19% | 2026-03-31 |
| AllianceBernstein L.P. | 9,185,954 | 7.86% | 2026-03-31 |
| Artal Group S A | 6,507,990 | 5.57% | 2026-06-30 |
| FMR Inc | 5,911,767 | 5.06% | 2026-03-31 |
| Vanguard Capital Management, LLC | 4,445,384 | 3.81% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 4,192,699 | 3.59% | 2026-03-31 |
| American Funds SMALLCAP World A | 3,754,919 | 3.21% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 3,665,599 | 3.14% | 2026-03-31 |
| iShares Core S&P Mid-Cap ETF | 3,506,429 | 3% | 2026-08-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 3,151,791 | 2.7% | 2026-08-31 |
| State Street Corp | 3,005,604 | 2.57% | 2026-03-31 |
| Vanguard Small Cap Index | 2,278,238 | 1.95% | 2026-08-31 |
| Capital Research & Mgmt Co - Division 3 | 2,058,240 | 1.76% | 2026-06-30 |
| Geode Capital Management, LLC | 2,001,893 | 1.71% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 1,850,610 | 1.58% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
CAVA's financial results demonstrate tremendous revenue momentum driven by real customer demand. Trailing twelve-month revenue reached $1.37 billion through the second quarter of 2026, powered by 31.3% quarterly sales growth and a 9.0% increase in same-restaurant sales. Importantly, this growth is led by higher customer foot traffic rather than just price increases, proving that the Mediterranean concept is winning market share. Reported net income showed an optical distortion that confused retail investors: profits dropped in 2025 because 2024 included a non-recurring tax allowance benefit. Core operating income actually surged 84% in 2025 to $79.3 million, confirming that underlying operational profitability is expanding rapidly.
CAVA's financial results demonstrate tremendous revenue momentum driven by real customer demand. Trailing twelve-month revenue reached $1.37 billion through the second quarter of 2026, powered by 31.3% quarterly sales growth and a 9.0% increase in same-restaurant sales. Importantly, this growth is led by higher customer foot traffic rather than just price increases, proving that the Mediterranean concept is winning market share. Reported net income showed an optical distortion that confused retail investors: profits dropped in 2025 because 2024 included a non-recurring tax allowance benefit. Core operating income actually surged 84% in 2025 to $79.3 million, confirming that underlying operational profitability is expanding rapidly.
Revenue, Net Income, and Free Cash Flow
Latest: USD 1.2B | Max: USD 1.2B | Min: USD -392.1M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: >100x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Store-level profitability remains solid, with restaurant-level profit margins standing at 25.7% in mid-2026. Modest margin tightening from 26.3% the previous year reflected deliberate investments in team-member wages and premium protein offerings like salmon, which generated higher cash profit dollars. Corporate operating margins improved from 4.47% in 2024 to 6.73% in 2025 as central overhead costs were spread across a larger restaurant fleet. As store density grows, general and administrative expenses will continue falling as a percentage of sales, supporting expanding operating margins.
Store-level profitability remains solid, with restaurant-level profit margins standing at 25.7% in mid-2026. Modest margin tightening from 26.3% the previous year reflected deliberate investments in team-member wages and premium protein offerings like salmon, which generated higher cash profit dollars. Corporate operating margins improved from 4.47% in 2024 to 6.73% in 2025 as central overhead costs were spread across a larger restaurant fleet. As store density grows, general and administrative expenses will continue falling as a percentage of sales, supporting expanding operating margins.
Profitability Margins
Latest: 18.4% | Max: 25.1% | Min: -10.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
18.4%
Gross profit / revenue
Operating Margin
6.7%
Operating income / revenue
Net Margin
5.4%
Net income / revenue
FCF Margin
2.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 428,300,000 | 33,000,000 | -392,100,000 |
| 2020-12-31 | 931,800,000 | 60,800,000 | -169,000,000 |
| 2021-12-31 | 500,072,000 | -37,391,000 | -53,018,000 |
| 2022-12-31 | 564,119,000 | -58,987,000 | -98,285,000 |
| 2023-12-31 | 728,700,000 | 13,280,000 | -41,705,000 |
| 2024-12-31 | 963,713,000 | 130,319,000 | 52,896,000 |
| 2025-12-31 | 1,179,664,000 | 63,743,000 | 26,141,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 108.66 | Trailing four quarters |
| 2024-12-31 | 102.37 | Trailing four quarters |
| 2023-12-31 | 359.64 | Trailing four quarters |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 15.5 | 8.76 | 7.7 | -91.55 |
| 2020-12-31 | 12.67 | 7.77 | 6.53 | -18.14 |
| 2021-12-31 | 16.43 | -10.55 | -7.48 | -10.6 |
| 2022-12-31 | 17.37 | -10.59 | -10.46 | -17.42 |
| 2023-12-31 | 24.75 | 0.65 | 1.82 | -5.72 |
| 2024-12-31 | 25.09 | 4.47 | 13.52 | 5.49 |
| 2025-12-31 | 18.38 | 6.73 | 5.4 | 2.22 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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