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Our Mission To Bring Heart, Health, And Humanity To Food General CAVA Group, Inc. (together with its wholly owned subsidiaries, referred to as the Company, CAVA, we, us, and our, unless specified otherwise) was formed as a Delaware corporation in 2015, and prior to that, the first CAVA restaurant opened in 2011 in Bethesda, Maryland. As of December 28, 2025, we operate 439 fast-casual CAVA Rest…
Operating margin is thin at 4.69%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 22.4%, still solid. Free cash flow declined 51% despite revenue growth, conversion is weakening.
Free cash flow declined 51% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$1.29B
▲ +22.4% YoY
Net Income (TTM)
$62M
▼ -51.1% YoY
Op. Margin
5.04%
▲ +0.2pp YoY
ROIC
3.71%
▲ +0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$39M
▼ -50.6% YoY
Op. Cash Flow (TTM)
$210M
▲ +14.8% YoY
Net Debt
$96M
Cash & Equiv.
$403M
3Y CAGR: +27.9%
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