THE CHEESECAKE FACTORY INCORPORATED vs Yum China Holdings, Inc., two Restaurants stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Cheesecake Factory and Yum China both pair value pricing with real returns. Cheesecake, the United States casual-dining chain, trades at 23.55 times earnings, returns 35.94% on equity, and pays a 1.34% dividend. Yum China, operating KFC and Pizza Hut across China, is cheaper at 15.64 times, returns 15.49% on equity, and pays 2.35%. Yum China generates the stronger cash flow, a 6.44% free cash flow yield against Cheesecake's 4.43%, and runs debt-free while Cheesecake carries 1.37 debt-to-equity. Yum China's net margin of 7.83% tops Cheesecake's 4.34%. At $14.5B, Yum China is roughly four times the size of Cheesecake's $3.9B.
Comparison updated 2026-07-11.
| Metric | CAKE | YUMC |
|---|---|---|
| Price | $82.74 | $43.04 |
| Market cap | $4.0B | $15.2B |
| Sector | Restaurants | Restaurants |
| Stage | Mature | Mature |
| Implied growth (priced in) | +12.0% | -1.8% |
| P/E | 24.3 | 16.5 |
| P/B | 8.73 | 2.49 |
| P/S | 1.05 | 1.26 |
| EV/EBITDA | 14.6 | 8.2 |
| Revenue growth | +5.1% | +6.7% |
| Operating margin | 5.6% | 13.7% |
| Net margin | 4.3% | 7.8% |
| Return on equity | 35.9% | 15.5% |
| Return on assets | 5.0% | 8.7% |
| Return on invested capital | 16.2% | 15.9% |
| FCF yield | 4.3% | 6.1% |
| Dividend yield | 1.3% | 2.2% |
| Debt / equity | 1.37 | 0.00 |
| Current ratio | 0.59 | 1.01 |
| Altman Z (solvency) | 2.56 | 3.42 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.