CAVA
CAVA Group, Inc.
CAVA's fundamentals are mixed: revenue grew 27%, but earnings per share fell 53%. At 106x earnings, it's trading above its usual 77x. Analysts expect strong earnings growth, though they disagree widely on how much.
CAVA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
CAVA's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
CAVA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 53x | $28.53 | -50% |
| Fair | 75x | $40.72 | -29% |
| Forward | 84x | $57.35 | — |
| Current | 106x | $57.35 | — |
| Expensive | 147x | $79.57 | +39% |
Historical ranges are pointers, not guarantees.
CAVA's PE is in its fair range at 106x. If earnings grow as analysts expect, today's price would be 84x next year's earnings.
CAVA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Moderate | |
| Low |
Analysts expect strong earnings and revenue growth for CAVA, with profitability improving. However, they disagree widely on these estimates.
CAVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.69 | +27% |
| Q3 2026 | $0.54 | -53% |
| Q2 2026 | $0.55 | -54% |
| Q2 2026 | $0.52 | -57% |
| Q4 2025 | $0.54 | -51% |
CAVA's earnings per share have fallen from their peak: $0.54 over the past year, against $1.20 in early 2025.
CAVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $356.4M | +22% |
| Q2 2026 | $368.4M | +31% |
| Q2 2026 | $438.3M | +32% |
| Q4 2025 | $275M | +21% |
| Q3 2025 | $292.2M | +20% |
| Q2 2025 | $280.6M | +20% |
| Q2 2025 | $331.8M | +28% |
| Q4 2024 | $227.4M | +28% |
CAVA's revenue has grown year over year every quarter since late 2022: $356M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.2% | -1.7 points |
| Q2 2026 | 7.3% | +0.3 points |
| Q2 2026 | 5.8% | +1 points |
| Q4 2025 | 1% | -0.7 points |
| Q3 2025 | 5.9% | +0.2 points |
| Q2 2025 | 7% | +0.1 points |
| Q2 2025 | 4.7% | +1.2 points |
| Q4 2024 | 1.7% | +2.6 points |
CAVA's operating margin was 4.2% last quarter, down 1.7 points from the same quarter a year ago.
CAVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$7.7M | -661% |
| Q2 2026 | $29.3M | +53% |
| Q2 2026 | $15.5M | +473% |
| Q4 2025 | $2.9M | +36% |
| Q3 2025 | $1.4M | -94% |
| Q2 2025 | $19.2M | -15% |
| Q2 2025 | $2.7M | -42% |
| Q4 2024 | $2.1M | +$9.3M |
CAVA usually generates cash, though not every quarter: the latest was −$8M, but it generated $40M over the past year.
CAVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -93K shares |
| 1 year | 0% | +15K shares |
| 3 years | +278% | +87M shares |
CAVA has 118M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | $1.5M |
| Q3 2023 | $105,000 |
| Q2 2023 | $1.4M |
| Q4 2022 | $250,000 |
| Q3 2022 | $19,000 |
| Q2 2022 | $13,000 |
| Q2 2022 | $629,000 |
| Q4 2021 | $156,000 |
CAVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.9x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -2.3x | Net Cash |
| Q2 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q4 2024 | -3.5x | Net Cash |
CAVA has more cash than debt.
CAVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.6 | Neutral |
| Stochastic | 33.6 | Neutral |
CAVA's weekly RSI is 44 (neutral) and its Stochastic is 34 (neutral).
CAVA PE vs Consumer Cyclical Sector
| Metric | CAVA | Sector median | Relative |
|---|---|---|---|
| PE | 106x | 18x | 489% above |
| PE % | 62 | 36 | 26 pts above |
CAVA is trading at 106x earnings, a 489% premium to the Consumer Cyclical sector's median of 18x.
CAVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.7 | 3% above |
| 20 week MA | $61.8 | 7.2% below |
| 50 week MA | $69.9 | 18% below |
| 100 week MA | $77.2 | 26% below |
CAVA has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 26% below its 100-week average.
CAVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $38.2 | $43.0 | +13% |
| 2024 | $43.0 | $114.4 | +166% |
| 2025 | $114.4 | $60.2 | -47% |
| 2026 YTD | $60.2 | $57.4 | -4.7% |
CAVA's yearly returns have swung widely, from +166% in 2024 to −47% in 2025. It's down 4.7% so far in 2026.