PZZA · Papa Johns International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $2.05B | $2.06B | $2.14B | $2.07B | $2.07B | $1.62B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $244.28M | $190.51M | $210.36M | $217.41M | $212.26M | $223.46M |
| Total Operating Expenses | $1.96B | $1.90B | $1.99B | $1.98B | $1.90B | $1.60B |
| D&A | $92.25M | $69.41M | $64.09M | $52.03M | $48.82M | $47.28M |
| Operating Income | $89.15M | $156.70M | $147.14M | $109.03M | $168.24M | $24.54M |
| Interest Expense | - | - | - | $26.65M | $19.20M | $25.67M |
| Income Tax | $16.26M | $29.93M | $20.87M | $14.42M | $25.99M | ($611.0K) |
| Net Income | $30.53M | $83.49M | $82.10M | $67.77M | $120.02M | $4.87M |
| EPS - Basic | $0.90 | $2.55 | $2.49 | $1.90 | $0.12 | ($0.24) |
| EPS - Diluted | $0.90 | $2.54 | $2.48 | $1.89 | $0.12 | ($0.24) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $34.59M | $37.95M | $40.59M | $47.37M | $70.61M | $27.91M |
| Accounts Receivable | $103.07M | $101.68M | $104.24M | $102.53M | $81.37M | $80.92M |
| Inventory | $34.34M | $35.24M | $36.13M | $41.38M | $34.98M | $27.53M |
| Accounts Payable | $61.22M | $61.84M | $74.95M | $62.32M | $28.09M | $29.14M |
| Current Assets | $237.43M | $230.60M | $231.02M | $251.04M | $255.01M | $181.55M |
| Total Assets | $837.51M | $888.95M | $875.00M | $864.23M | $885.70M | $730.72M |
| Current Liabilities | $290.99M | $277.96M | $304.60M | $265.16M | $287.42M | $207.94M |
| Long-term Debt | $710.44M | $741.65M | $757.42M | $597.07M | $480.73M | $347.29M |
| Total Liabilities | $1.27B | $1.30B | $1.32B | $1.13B | $1.05B | $790.46M |
| Stockholders' Equity | ($444.75M) | ($429.53M) | ($459.09M) | ($286.39M) | ($187.67M) | ($332.32M) |
| Retained Earnings | $210.76M | $241.72M | $219.03M | $195.86M | $183.16M | $205.70M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $126.00M | $106.63M | $193.06M | $117.81M | $184.68M | $61.75M |
| Investing Cash Flow | ($21.49M) | ($17.35M) | ($75.12M) | ($62.79M) | ($63.51M) | ($32.58M) |
| Financing Cash Flow | ($106.26M) | ($91.67M) | ($124.08M) | ($76.24M) | ($180.53M) | ($34.57M) |
| CapEx | $64.69M | $72.48M | $76.62M | $78.39M | $68.56M | $37.71M |
| Free Cash Flow | $61.30M | $34.15M | $116.44M | $39.42M | $116.12M | $24.04M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 4.3% | 7.6% | 6.9% | 5.3% | 8.1% | 1.5% |
| EBITDA margin | 8.8% | 11.0% | 9.9% | 7.8% | 10.5% | 4.4% |
| Net margin | 1.5% | 4.1% | 3.8% | 3.3% | 5.8% | 0.3% |
| Free cash flow margin | 3.0% | 1.7% | 5.5% | 1.9% | 5.6% | 1.5% |
| FCF / Net income | 2.01 | 0.41 | 1.42 | 0.58 | 0.97 | 4.94 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.9% | 9.3% | 9.8% | 10.5% | 10.3% | 13.8% |
| Effective tax rate | 34.8% | 26.4% | 20.3% | 17.5% | 17.8% | -14.4% |
| Return on assets | 3.6% | 9.4% | 9.4% | 7.8% | 13.6% | 0.7% |
| Return on equity | -6.9% | -19.4% | -17.9% | -23.7% | -64.0% | -1.5% |
| Return on invested capital | 21.9% | 37.0% | 39.3% | 28.9% | 47.2% | 163.9% |
| Liquidity | ||||||
| Current ratio | 0.82 | 0.83 | 0.76 | 0.95 | 0.89 | 0.87 |
| Quick ratio | 0.70 | 0.70 | 0.64 | 0.79 | 0.77 | 0.74 |
| Cash ratio | 0.12 | 0.14 | 0.13 | 0.18 | 0.25 | 0.13 |
| Leverage | ||||||
| Debt / Equity | -1.60 | -1.73 | -1.65 | -2.08 | -2.56 | -1.05 |
| Debt / Assets | 0.85 | 0.83 | 0.87 | 0.69 | 0.54 | 0.48 |
| Debt / EBITDA | 3.92 | 3.28 | 3.59 | 3.71 | 2.21 | 4.84 |
| Interest coverage | - | - | - | 4.1x | 8.8x | 1.0x |
| Equity multiplier | -1.88 | -2.07 | -1.91 | -3.02 | -4.72 | -2.20 |
| Liabilities / Assets | 1.52 | 1.46 | 1.51 | 1.31 | 1.19 | 1.08 |
| Efficiency | ||||||
| Asset turnover | 2.45 | 2.32 | 2.44 | 2.39 | 2.34 | 2.22 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 18d | 18d | 18d | 18d | 14d | 18d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 42.8x | 16.2x | 30.7x | 43.6x | 1112.3x | - |
| P / B | - | - | - | - | - | - |
| P / S | 0.6x | 0.7x | 1.2x | 1.4x | 2.3x | - |
| EV / EBITDA | 10.7x | 9.1x | 15.4x | 21.7x | 23.6x | - |
| Growth | ||||||
| Revenue growth (YoY) | -0.3% | -3.6% | 3.3% | 0.0% | - | 2.9% |
| Revenue CAGR (3y) | -0.2% | -0.1% | - | 8.5% | 9.5% | -1.9% |
| Revenue CAGR (5y) | - | 4.9% | 6.3% | 3.0% | 3.8% | 0.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -43.1% | 6.5% | 35.0% | -35.2% | - | -19.2% |
| Net income growth (YoY) | -63.4% | 1.7% | 21.1% | -43.5% | - | 195.6% |
| EPS growth (YoY) | -64.6% | 2.4% | 31.2% | 1475.0% | - | - |
| EPS CAGR (3y) | -21.9% | 176.6% | - | - | 33.9% | - |
| EPS CAGR (5y) | - | - | 118.3% | -7.8% | -46.5% | - |
| FCF growth (YoY) | 79.5% | -70.7% | 195.4% | -66.1% | - | -21.9% |
| FCF CAGR (5y) | - | 7.3% | 30.5% | -13.7% | 5.6% | -20.1% |
| Book value growth (YoY) | -3.5% | 6.4% | -60.3% | -52.6% | - | -4.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-28.
Business segments
$1.83B totalNorth America Commissary Segment$854.19M · 46.7%
Domestic Company Owned Restaurants Segment$662.52M · 36.2%
International Segment$173.84M · 9.5%
North America Franchising Segment$139.01M · 7.6%
Product / service
$2.05B totalCommissary$929.94M · 45.3%
Company Owned Restaurant Sales$675.66M · 32.9%
Franchisor$190.95M · 9.3%
Advertising$166.73M · 8.1%
Product And Service Other$90.53M · 4.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.80
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Eating Places
Comparing PAPA JOHNS INTERNATIONAL INC against the 5 most active filers in the same SIC group.
Dividends
$1.84/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.4600 |
| Feb 9, 2026 | $0.4600 |
| Nov 17, 2025 | $0.4600 |
| Aug 18, 2025 | $0.4600 |
| May 19, 2025 | $0.4600 |
| Feb 10, 2025 | $0.4600 |
| Nov 18, 2024 | $0.4600 |
| Aug 19, 2024 | $0.4600 |
| May 17, 2024 | $0.4600 |
| Feb 9, 2024 | $0.4600 |
| Nov 10, 2023 | $0.4600 |
| Aug 11, 2023 | $0.4600 |
| May 12, 2023 | $0.4200 |
| Feb 3, 2023 | $0.4200 |
| Nov 10, 2022 | $0.4200 |
| Aug 12, 2022 | $0.4200 |
| May 13, 2022 | $0.3500 |
| Feb 4, 2022 | $0.3500 |
| Nov 8, 2021 | $0.3500 |
| Aug 13, 2021 | $0.3500 |
| May 10, 2021 | $0.2250 |
| Feb 5, 2021 | $0.2250 |
| Nov 9, 2020 | $0.2250 |
| Aug 10, 2020 | $0.2250 |