Saturday 17 October 2026 Export PZZA’s income statement to Excel — free account

Papa John's International, Inc.

Papa John's International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 8.84%, EPS fell 10.7%, free cash flow fell 31.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

19.39 0.18 −0.92%

Follow PZZA

Alert me

Market cap: $644.3M
P/E: 23.9×
Fwd P/E: 22.7×
Dividend yield: 7.12%
F-score: 6/9
Altman Z: 3.68
Beneish M: −3.06
Dividend safety: 18/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.13%

Capital & Financial Ratios $m

Market Cap 644.28

Revenue 1,967.34

Net Income 28.74

Free Cash Flow 25.61

Net Debt 726.71

Current Ratio 0.83

Debt/Equity (1.71)

P/E ratio 23.94

Fwd P/E 22.70

P/S ratio 0.33

P/B ratio 0.00

Past 5Y EPS Growth (6.80%)

This Y EPS Growth (17.06%)

Next Y EPS Growth 12.13%

Next Y revenue growth (8.32%)

Next 5Y EPS Growth 3.40%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 26.30%

10-year low 10-year high

P/S against its own 10 years 0.15%

10-year low 10-year high

EV/Sales against its own 10 years 0.15%

10-year low 10-year high

EV/FCF against its own 10 years 72.92%

10-year low 10-year high

Dividends

Payout Ratio 1.75

Annual Dividend Rate 1.38

Annual Dividend Yield 7.12%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.92	0.46 0.46
2025	1.84	0.46 0.46 0.46 0.46
2024	1.84	0.46 0.46 0.46 0.46
2023	1.76	0.42 0.42 0.46 0.46
2022	1.54	0.35 0.35 0.42 0.42
2021	1.15	0.23 0.23 0.35 0.35
2020	0.90	0.23 0.23 0.23 0.23
2019	0.90	0.23 0.23 0.23 0.23
2018	0.90	0.23 0.23 0.23 0.23
2017	0.85	0.20 0.20 0.23 0.23
2016	0.75	0.18 0.18 0.20 0.20

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	41	38	37	28
Receivables	107	104	109	96
Inventory	36	35	34	33
Other	—	—	5	11
	231	231	237	234

	2023	2024	2025	Q'26
Payables	75	62	61	68
ST’ Debt	—	—	5	12
Other	—	—	—	3
	305	278	291	283

Compound Annual Growth %

	10y	5y	3y
Sales	2.29%	2.52%	(0.77%)
Cash Flow	(2.98%)	(7.54%)	2.27%
Earnings	(8.94%)	(6.66%)	(24.00%)
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	479	482	—	—	—
’25	518	529	508	498	2,054
’24	514	508	507	531	2,059
’23	527	515	523	571	2,136
’22	543	523	511	526	2,102
’21	512	515	513	529	2,068
’20	410	461	473	470	1,813

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	7	29	—	—	—
’25	31	36	39	20	126
’24	12	30	14	51	107
’23	41	53	33	66	193
’22	25	20	31	41	118
’21	63	65	66	(9)	185
’20	34	54	81	18	186

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	11	—	—	—
’25	19	16	20	(2)	53
’24	(1)	14	45	(24)	34
’23	22	37	17	40	116
’22	15	0	13	11	39
’21	56	50	46	(36)	116
’20	28	46	70	7	151

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.21	0.24	—	—	—
’25	0.27	0.28	0.13	0.21	0.90
’24	0.44	0.37	1.27	0.44	2.54
’23	0.65	0.54	0.48	0.79	2.48
’22	0.29	0.70	0.23	0.66	1.89
’21	0.82	(2.30)	0.79	0.67	0.12
’20	0.15	0.48	0.35	0.28	1.28

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	44.47	55.05	38.05	38.29	28.55	78.41	66.74	60.66	38.25	30.16	Analyst estimates 2026–2028 Powerpack
	High	90.49	87.45	69.45	65.67	102.25	140.68	133.40	97.78	78.67	55.74
People
People	Employees	23,100	22,400	18,000	16,500	16,700	14,000	12,000	13,200	11,400	9,400
	Revenue/emp, $m	0.07	0.08	0.09	0.10	0.11	0.15	0.18	0.16	0.18	0.22
Income, $m
Income, $m	Revenue	1,714	1,783	1,663	1,619	1,813	2,068	2,102	2,136	2,059	2,054
	Gross margin, %	28.14	27.32	30.68	32.35	34.11	35.92	25.90	27.03	28.21	28.89
	EBT	159	140	7	5	75	151	84	104	114	48
	EBT margin, %	9.27	7.87	0.40	0.31	4.16	7.30	3.99	4.85	5.54	2.36
	Net income	109	107	4	6	61	125	69	83	84	32
	Depreciation	41	44	46	47	50	49	52	64	69	92
Per share, $
Per share, $	Revenue	46.00	49.42	51.83	51.19	55.93	59.09	59.22	64.85	62.95	62.52
	Earnings	2.76	2.86	0.05	(0.24)	1.29	0.12	1.90	2.49	2.55	0.90
	Cash flow	4.03	3.74	2.88	1.95	5.75	5.28	3.32	5.86	3.26	3.84
	Capex	(1.49)	(1.46)	(1.31)	(1.19)	(1.10)	(1.96)	(2.21)	(2.33)	(2.22)	(2.24)
	Free cash flow	2.54	2.28	1.57	0.76	4.65	3.32	1.11	3.54	1.04	1.60
	Book value	0.26	(2.94)	(9.48)	(10.01)	(8.23)	(4.93)	(7.62)	(13.47)	(12.66)	(13.20)
	Shares, m	37	36	32	32	32	35	35	33	33	33
Valuation, ×
Valuation, ×	P/E	30.83	19.88	1,990.50	0.00	66.29	0.00	41.86	30.34	16.11	42.30
	P/S	1.85	1.15	0.77	1.23	1.52	2.26	1.34	1.17	0.65	0.62
	P/B	323.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	2.02	1.40	1.12	1.45	1.64	2.48	1.62	1.52	1.01	0.96
	EV/FCF	36.48	30.38	36.99	97.54	19.78	44.15	86.44	27.95	60.79	37.57
Cash, $m
Cash, $m	Operating cash flow	150	135	92	62	186	185	118	193	107	126
	Capex	(56)	(53)	(42)	(38)	(36)	(69)	(78)	(77)	(72)	(73)
	Free cash flow	95	82	50	24	151	116	39	116	34	53
Balance, $m
Balance, $m	Working capital	18	37	7	(26)	18	(32)	(14)	(74)	(47)	(54)
	Total debt	300	467	621	375	362	525	646	782	765	746
	Net debt	284	444	588	347	232	454	599	741	727	709
	Shareholders’ equity	10	(106)	(304)	(317)	(267)	(172)	(271)	(444)	(414)	(434)
Returns, %
Returns, %	ROA	20.46	19.34	0.43	(1.15)	5.21	0.46	7.70	9.44	9.45	3.43
	ROIC	34.97	27.90	6.95	50.52	0.00	37.32	20.76	30.93	31.35	20.22
	ROE	395.97	(214.84)	(1.21)	2.46	(14.30)	(1.85)	(30.40)	(22.99)	(19.43)	(6.97)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BLMN Bloomin' Brands, Inc.	$850.2M	31.1×	8.6×	+1.34% (above 0%: growing)	+23.33% (above 0%: growing)	+321.24% (above 0%: growing)	39.06%	3.77%	Compare
FWRG First Watch Restaurant Group, Inc.	$762.8M	40.4×	67.6×	+15.20% (above 0%: growing)	+33.33% (above 0%: growing)	−580.44% (below 0%: shrinking)	20.43%	2.29%	Compare
CNNE Cannae Holdings, Inc.	$704.0M	— (loss-making)	— (loss-making)	−7.26% (below 0%: shrinking)	n/m	+64.83% (above 0%: growing)	16.54%	(55.58%)	Compare
PZZA Papa John's International, Inc.	$644.3M	23.9×	22.7×	−8.84% (below 0%: shrinking)	−10.71% (below 0%: shrinking)	−31.42% (below 0%: shrinking)	29.72%	4.81%
HDL Super Hi International Holding Ltd. Unsponsored ADR	$634.3M	37.9×	—	+9.99% (above 0%: growing)	n/m	+43.42% (above 0%: growing)	65.85%	5.26%	Compare
LOCO El Pollo Loco Holdings, Inc.	$496.7M	13.8×	14.0×	+2.97% (above 0%: growing)	+79.17% (above 0%: growing)	+155.53% (above 0%: growing)	32.80%	14.42%	Compare
BH.A Biglari Holdings Inc.	$491.2M	— (loss-making)	— (loss-making)	−1.19% (below 0%: shrinking)	−18.71% (below 0%: shrinking)	−73.82% (below 0%: shrinking)	30.05%	0.00%	Compare
KRUS Kura Sushi USA, Inc.	$475.3M	— (loss-making)	— (loss-making)	+16.17% (above 0%: growing)	−40.00% (below 0%: shrinking)	+46.90% (above 0%: growing)	11.94%	(0.05%)	Compare
DIN DINE BRANDS GLOBAL, INC.	$417.8M	65.3×	8.5×	+4.38% (above 0%: growing)	−60.67% (below 0%: shrinking)	−97.04% (below 0%: shrinking)	37.86%	13.16%	Compare
Median of peers	$565.5M	37.9×	11.3×	+3.68%	+2.31%	+45.16%	31.43%	3.03%

All 56 Restaurants stocks →

Papa John's International, Inc. (PZZA) key facts

Papa John's International, Inc. (PZZA) is a Restaurants company in the Consumer Cyclical sector, listed on Nasdaq.
Papa John's International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, PZZA traded at $19.39, a market capitalization of $644.3 million.
Papa John's International, Inc. pays an annual dividend of $1.38 per share, a yield of 7.12%, with a payout ratio of 174.7%.
Return on equity was −6.97% and debt-to-equity -1.71.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 3.68 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.