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Papa Johns International Inc. (PZZA)

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Papa Johns International Inc. (PZZA) reported revenue of $482 million for Q2 FY2026, the quarter ended 28 June 2026, down 8.8% on the same quarter a year earlier. Net income was $9 million, down 10.5% on the year, and diluted earnings per share $0.24. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$482 milliondown 8.8%
Net income$9 milliondown 10.5%
Diluted EPS$0.24
QuarterQ2 FY2026ended 28 June 2026

Papa Johns International (PZZA) in brief

Papa Johns International (PZZA) reported revenue of $2.1 billion for fiscal 2025, the year ended 28 December 2025, down 0.3% on the year before.
Read moreNet income was $31 million and diluted earnings per share $0.90. Revenue was $2.1 billion in fiscal 2024, $2.1 billion in fiscal 2023, $2.1 billion in fiscal 2022 and $2.1 billion in fiscal 2021. Net income in the same years was $83 million, $82 million, $68 million and $120 million. Over the twelve months to 28 June 2026, Papa Johns International reported revenue of $2.0 billion and net income of $28 million. Revenue grew 2.5% a year, compounded, over the five years to fiscal 2025. Papa Johns International declared $1.84 a share in dividends over the last four quarters and had 33 million shares outstanding at the latest filed count. At 28 June 2026 it carried $715 million of debt and $28 million of cash. At the close of 9 October 2026 the market cap of Papa Johns International was $649 million, 25.0 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin4.3%
Net margin1.4%
FCF margin1.7%
Interest covern/a
Debt to equityn/a
Cash conversion3.45
Share count, 1 year0.3%
Sales CAGR, 3 years-0.8%
Profit CAGR, 3 years-23.3%
EPS, TTM$0.79

At the close of 9 October 2026

Price$19.74
Market cap$649 million
Stock P/E24.99
Price to bookn/a
EV / EBITDA7.56
Dividend yield9.3%
Market cap / sales0.33
52-week high$55.31
52-week low$19.38
Price, 1 year-53.4%
Price CAGR, 3 years-33.0%
Price CAGR, 5 years-30.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Papa Johns International Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PZZAgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PZZA

Filings18 in twelve months: 10 current reports (8-K), about 4 regulation FD disclosure; 4 results of operations; 2 officer or director change; 1 shareholder vote; 1 other events
Planned insider sales1 Form 144 notice in twelve months, $556,946; latest 11 August 2026
Options tapeput/call 0.2 by open interest at the 9 October 2026 close; the straddle prices a 7.3% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 9 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest6.7 million shares short, 4.29 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue523571514508507531518529508498479482
Cost of revenuen/an/a368363370378366372369353341339
Gross profitn/an/a146145137153152157139145138143
Gross marginn/an/a28%29%27%29%29%30%27%29%29%30%
Operating income31.942.633.728.265.229.524.024.516.224.520.823.2
Operating margin6%7%7%6%13%6%5%5%3%5%4%5%
Pre-tax incomen/an/a22.717.354.619.513.913.96.214.411.113.7
Tax raten/an/a34%28%23%23%33%30%28%40%37%36%
Net income15.926.114.612.241.814.89.29.54.77.17.38.5
Net margin3%5%3%2%8%3%2%2%1%1%2%2%
Diluted EPS$0.48$0.79$0.44$0.37$1.27$0.44$0.27$0.28$0.13$0.21$0.21$0.24
Operating cash flow33.266.112.030.013.950.731.335.539.319.87.228.6
Capital expenditure16.125.713.116.117.825.612.218.116.717.713.512.9
Free cash flow17.140.4-1.113.9-3.825.219.117.422.72.1-6.215.7
Buybacks0.00.00.00.00.02.1n/an/an/an/an/an/a
Dividends paid15.214.815.115.115.215.215.215.315.315.315.315.5
Shares outstanding32m32m33m33m33m33m33m33m33m33m33m33m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,5981,6371,7141,7831,6631,6191,8132,0682,1022,1362,0592,0541,967
Cost of revenuen/an/an/an/an/an/an/an/a1,5581,5581,4781,4601,402
Gross profitn/an/an/an/an/an/an/an/a544577581593565
Gross marginn/an/an/an/an/an/an/an/a25.9%27.0%28.2%28.9%28.7%
Operating income11813616515131.624.590.316810914715789.184.6
Operating margin7.4%8.3%9.6%8.5%1.9%1.5%5.0%8.1%5.2%6.9%7.6%4.3%4.3%
Interest expense4.15.77.411.325.720.617.019.226.7n/an/an/an/a
Pre-tax income1141191591406.75.0n/an/a83.810411448.445.3
Income tax36.637.249.733.82.6-0.614.726.014.420.929.916.316.6
Effective tax rate32.0%31.2%31.3%24.1%39.2%-12.1%n/an/a17.2%20.1%26.2%33.6%36.6%
Net income73.375.71031022.54.957.912067.882.183.530.527.6
Net margin4.6%4.6%6.0%5.7%0.1%0.3%3.2%5.8%3.2%3.8%4.1%1.5%1.4%
Diluted EPS$1.75$1.89$2.74$2.83$0.08-$0.24$1.28$0.12$1.89$2.48$2.54$0.90$0.79
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
North America commissaries1,0631,0371,05851.9%
Domestic Company-owned restaurants72669366332.5%
International1821741748.5%
North America franchising1491431437.0%
North America commissariesDomestic Company-owned restaurantsInternationalNorth America franchising
2,121FY20232,047FY20242,038FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Commissary revenues92590093045.3%
Company-owned restaurant sales76172567632.9%
Franchise royalties and fees1951871919.3%
Advertising funds revenue1571641678.1%
Other revenues98.083.790.54.4%
Commissary revenuesCompany-owned restaurant salesFranchise royalties and feesAdvertising funds revenueOther revenues
2,136FY20232,059FY20242,054FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow12317015013592.561.718618511819310712695.0
Capital expenditure48.739.055.652.642.037.735.768.678.476.672.564.760.7
Free cash flow74.013194.782.450.424.015111639.411634.161.334.2
Free cash flow margin4.6%8.0%5.5%4.6%3.0%1.5%8.3%5.6%1.9%5.5%1.7%3.0%1.7%
Cash from investingn/a-39.0-46.3-56.5-38.8-32.6-41.1-63.5-62.8-75.1-17.3-21.5-20.0
Cash from financingn/a-130-109-72.1-48.1-34.6-43.5-181-76.2-124-91.7-106-79.7
Depreciation and amortisation40.040.341.043.746.447.349.748.852.064.169.492.292.1
Share-based compensation8.79.410.110.49.915.316.316.918.417.99.615.015.0
Buybacks117120122210158n/a2.772.51252102.10.0n/a
Dividends paid21.724.827.930.729.028.629.440.454.858.560.661.161.5
Dividend per share$0.53$0.63$0.75$0.85$0.90$0.90$0.90$1.15$1.54$1.76$1.84$1.84n/a
Diluted shares, weighted42m40m38m37m32m32m33m35m36m33m33m33m33m
Shares outstanding at period end40m38m37m34m31m32m32m36m35m32m33m33m33m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity86.229.2-3.9-122-319-332-282-188-286-459-430-445-453
Non-controlling interest12.513.013.715.815.215.715.215.215.715.515.311.110.8
Redeemable equity8.68.48.56.75.52512525.51.20.90.91.01.1
Debt230255300447601347328481597757742722715
Operating lease liabilitiesn/an/an/an/an/a125125161161151174156147
Finance lease liabilitiesn/an/an/an/an/a7.613.516.619.024.122.930.827.7
Other liabilities167189194208293316421395357385364361356
Total liabilities and equity505495513556596731873886864875889838805
Owned
Fixed assets219214230234227212201224250283273251242
Goodwill82.079.785.586.984.580.380.880.670.676.275.567.664.8
Cash and equivalents20.121.015.622.333.327.913070.647.440.638.034.628.5
Receivables55.963.259.664.678.170.590.181.410310410210394.5
Inventory27.421.625.130.627.227.530.335.041.436.135.234.332.5
Other assets99.695.596.3117146313340394353335365347343
Total assets505495513556596731873886864875889838805
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.3%2.5%-0.8%-5.6%
Profit growth, compounded-8.7%-12.0%-23.3%-63.4%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Papa Johns International's revenue in fiscal 2025?

Papa Johns International (PZZA) reported revenue of $2.1 billion for fiscal 2025, the year ended 28 December 2025, down 0.3% on the year before.

How much did Papa Johns International earn in fiscal 2025?

Net income was $31 million for fiscal 2025, and diluted earnings per share $0.90.

What is Papa Johns International's P/E ratio?

At the close of 9 October 2026, Papa Johns International traded at 25.0 times its earnings over the twelve months to 28 June 2026.

What is Papa Johns International's market cap?

The market cap of Papa Johns International was $649 million at the close of 9 October 2026.

Does Papa Johns International pay a dividend?

Yes. Papa Johns International declared $1.84 a share in dividends over the four quarters to 28 June 2026.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$166.5 billion19.11n/a46.2%6.3%n/a3.0%
Chipotle Mexican Grill Inc. CMG$40.0 billion28.9764.5%14.7%7.3%0.00n/a
Yum! Brands, Inc. YUM$39.5 billion18.22n/a31.0%10.3%n/a2.0%
Darden Restaurants Inc. DRI$22.4 billion19.3257.2%11.7%8.1%0.793.0%
Aramark ARMK$14.5 billion38.4211.3%4.4%11.0%1.800.8%
Texas Roadhouse, Inc. TXRH$10.6 billion25.8326.5%7.7%9.9%0.031.7%
Brinker International, Inc. EAT$8.2 billion17.80109.8%10.7%7.9%0.950.6%
Cava Group, Inc. CAVA$6.3 billion97.587.9%5.2%26.8%0.00n/a
Cheesecake Factory Inc. CAKE$5.4 billion29.3934.4%5.3%5.7%1.081.0%
Wingstop Inc. WING$3.3 billion29.04n/a27.9%7.6%n/a0.9%
Cracker Barrel OLD Country Store, Inc. CBRL$1.3 billion41.046.6%-0.4%-4.7%0.711.7%
BJs Restaurants Inc. BJRI$1.3 billion31.9910.3%2.7%3.5%0.110.8%
All 36 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$166.5 billion19.11n/a46.2%6.3%n/a3.0%
Starbucks Corp. SBUX$103.5 billion52.16n/a7.8%4.5%n/a2.7%
Marriott International Inc. MAR$95.4 billion37.92n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.7 billion47.95n/a23.3%8.7%n/a0.2%
Chipotle Mexican Grill Inc. CMG$40.0 billion28.9764.5%14.7%7.3%0.00n/a
Yum! Brands, Inc. YUM$39.5 billion18.22n/a31.0%10.3%n/a2.0%
InterContinental Hotels Group PLC IHG *$24.4 billion33.05n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.07297.2%21.5%18.1%23.572.8%
Darden Restaurants Inc. DRI$22.4 billion19.3257.2%11.7%8.1%0.793.0%
Hyatt Hotels Corp. H$15.7 billion197.462.4%n/a5.8%1.110.4%
Aramark ARMK$14.5 billion38.4211.3%4.4%11.0%1.800.8%
Texas Roadhouse, Inc. TXRH$10.6 billion25.8326.5%7.7%9.9%0.031.7%
Brinker International, Inc. EAT$8.2 billion17.80109.8%10.7%7.9%0.950.6%
Wynn Resorts Ltd. WYNN$7.8 billion18.65n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.4 billion17.7316.9%5.7%3.2%2.410.0%
Cava Group, Inc. CAVA$6.3 billion97.587.9%5.2%26.8%0.00n/a
Caesars Entertainment, Inc. CZR$6.0 billionn/a-13.8%15.9%2.4%3.50n/a
Dutch Bros Inc. BROS$5.9 billion52.8511.6%9.6%29.6%0.25n/a
Wyndham Hotels & Resorts, Inc. WH$5.5 billion27.2343.3%30.2%-2.1%5.532.2%
Cheesecake Factory Inc. CAKE$5.4 billion29.3934.4%5.3%5.7%1.081.0%
Boyd Gaming Corp. BYD$5.0 billion3.0372.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.8 billion14.92230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.12n/a13.7%4.5%n/a3.7%
Wingstop Inc. WING$3.3 billion29.04n/a27.9%7.6%n/a0.9%
Park Hotels & Resorts Inc. PK$3.1 billionn/a-5.3%2.0%-1.4%1.276.6%
Red Rock Resorts, Inc. RRR$2.9 billion17.5098.7%27.7%0.9%20.832.0%
Shake Shack Inc. SHAK$2.8 billion71.197.3%3.6%17.3%0.46n/a
Hilton Grand Vacations Inc. HGV$2.7 billion19.5213.7%9.9%5.4%4.42n/a
Sunstone Hotel Investors, Inc. SHO$2.1 billion51.362.2%9.1%7.3%0.523.2%
Penn Entertainment, Inc. PENN$2.1 billionn/a-48.7%-7.9%6.1%1.51n/a
Monarch Casino & Resort Inc. MCRI$2.0 billion18.3319.9%25.1%5.1%0.001.0%
Xenia Hotels & Resorts, Inc. XHR$1.7 billionn/a-0.7%6.7%1.6%1.223.1%
Cracker Barrel OLD Country Store, Inc. CBRL$1.3 billion41.046.6%-0.4%-4.7%0.711.7%
BJs Restaurants Inc. BJRI$1.3 billion31.9910.3%2.7%3.5%0.110.8%
Wendy's Co. WEN$1.2 billion9.47104.6%13.6%-1.0%22.8210.7%
Papa Johns International Inc. PZZA$649 million24.99n/a4.3%-5.6%n/a9.3%
12 companies share its SEC industry code (Retail-Eating Places); the rest are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20266 August 2026EDGAR
10-Q29 March 20267 May 2026EDGAR
10-K28 December 202526 February 2026EDGAR
10-Q28 September 20256 November 2025EDGAR
10-Q29 June 20257 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K29 December 202427 February 2025EDGAR
10-Q29 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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