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Side-by-side financial comparison of CHEESECAKE FACTORY INC (CAKE) and MILLERKNOLL, INC. (MLKN). Click either name above to swap in a different company.
CHEESECAKE FACTORY INC is the larger business by last-quarter revenue ($961.6M vs $955.2M, roughly 1.0× MILLERKNOLL, INC.). CHEESECAKE FACTORY INC runs the higher net margin — 3.0% vs 2.5%, a 0.5% gap on every dollar of revenue. On growth, MILLERKNOLL, INC. posted the faster year-over-year revenue change (-1.6% vs -73.2%).
The Cheesecake Factory Incorporated is an American restaurant company and distributor of cheesecakes based in the United States. It operates 370 full-service restaurants: 218 under the Cheesecake Factory brand, 47 under the North Italia brand, and 105 under other brands. The Cheesecake Factory also operates two bakery production facilities—in Calabasas, California, and Rocky Mount, North Carolina.
MillerKnoll, Incorporated, doing business as Herman Miller, is an American company that produces office furniture, equipment, and home furnishings. Its best known designs include the Aeron chair, Noguchi table, Marshmallow sofa, Mirra chair, and Eames Lounge Chair. Herman Miller is also credited with the 1968 invention of the office cubicle under then–director of research Robert Propst.
CAKE vs MLKN — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $961.6M | $955.2M |
| Net Profit | $28.8M | $24.2M |
| Gross Margin | — | 39.0% |
| Operating Margin | 3.5% | 5.1% |
| Net Margin | 3.0% | 2.5% |
| Revenue YoY | -73.2% | -1.6% |
| Net Profit YoY | -30.1% | -29.0% |
| EPS (diluted) | $0.60 | $0.35 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $961.6M | — | ||
| Q4 25 | — | $955.2M | ||
| Q3 25 | $907.2M | $955.7M | ||
| Q2 25 | $927.2M | — | ||
| Q4 24 | $865.5M | — | ||
| Q3 24 | $904.0M | — | ||
| Q2 24 | $891.2M | — | ||
| Q1 24 | $877.0M | — |
| Q1 26 | $28.8M | — | ||
| Q4 25 | — | $24.2M | ||
| Q3 25 | $31.9M | $20.2M | ||
| Q2 25 | $32.9M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $52.4M | — | ||
| Q2 24 | $33.2M | — | ||
| Q1 24 | $12.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 38.5% | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q1 26 | 3.5% | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | 4.1% | 5.6% | ||
| Q2 25 | 5.6% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 6.5% | — | ||
| Q2 24 | 4.4% | — | ||
| Q1 24 | 0.9% | — |
| Q1 26 | 3.0% | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | 3.5% | 2.1% | ||
| Q2 25 | 3.6% | — | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 1.4% | — |
| Q1 26 | $0.60 | — | ||
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.66 | $0.29 | ||
| Q2 25 | $0.67 | — | ||
| Q4 24 | $0.61 | — | ||
| Q3 24 | $1.08 | — | ||
| Q2 24 | $0.68 | — | ||
| Q1 24 | $0.27 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.7M | $180.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | — | $1.3B |
| Total Assets | — | $3.9B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $215.7M | — | ||
| Q4 25 | — | $180.4M | ||
| Q3 25 | $190.0M | $167.2M | ||
| Q2 25 | $135.4M | — | ||
| Q4 24 | $52.2M | — | ||
| Q3 24 | $40.7M | — | ||
| Q2 24 | $60.2M | — | ||
| Q1 24 | $56.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $425.3M | $1.3B | ||
| Q2 25 | $339.4M | — | ||
| Q4 24 | $396.4M | — | ||
| Q3 24 | $374.0M | — | ||
| Q2 24 | $332.4M | — | ||
| Q1 24 | $318.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.1B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $64.6M |
| Free Cash FlowOCF − Capex | — | $34.0M |
| FCF MarginFCF / Revenue | — | 3.6% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | — | 2.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $64.6M | ||
| Q3 25 | $147.5M | $9.4M | ||
| Q2 25 | $78.9M | — | ||
| Q4 24 | $79.9M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $66.7M | — | ||
| Q1 24 | $67.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.0M | ||
| Q3 25 | $69.2M | $-21.3M | ||
| Q2 25 | $36.1M | — | ||
| Q4 24 | $25.7M | — | ||
| Q3 24 | $-1.5M | — | ||
| Q2 24 | $29.6M | — | ||
| Q1 24 | $16.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.6% | ||
| Q3 25 | 7.6% | -2.2% | ||
| Q2 25 | 3.9% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 1.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | 8.6% | 3.2% | ||
| Q2 25 | 4.6% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 5.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.67× | ||
| Q3 25 | 4.62× | 0.47× | ||
| Q2 25 | 2.40× | — | ||
| Q4 24 | 2.66× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 2.01× | — | ||
| Q1 24 | 5.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAKE
Segment breakdown not available.
MLKN
| Workplace | $309.9M | 32% |
| Global Retail Segment | $275.8M | 29% |
| International Contract Segment | $170.9M | 18% |
| Performance Seating | $101.1M | 11% |
| Lifestyle | $52.9M | 6% |
| Other Products | $44.6M | 5% |
