El Pollo Loco Holdings, Inc. LOCO
We opened our first location on Alvarado Street in Los Angeles, California, in 1980, and have grown our restaurant system to 503 domestic restaurants, comprised of 175 company-operated and 328 franchised restaurants as of December 31, 2025. Our restaurants are located principally in California, but also in Arizona, Nevada, Texas, Utah, Colorado, Washington and Louisiana. Additionally, as of December 31, 2025, we had 8 licensed restaurants in the Philippines. Our typical restaurant is a free-standing building with drive-thru service that ranges in size from 2,200 to 3,000 square feet with seating for approximately 50 to 70 people.
El Pollo Loco is a differentiated and growing restaurant concept that specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant ("LSR") market segment. We believe that our market position to make and serve quality chicken that is fast and easy sets El Pollo Loco apart. Our distinctive menu features our signature product, citrus-marinated fire-grilled chicken, served in a variety of Mexican-inspired entrees, like burritos, tostadas, and salads, as well as bone-in chicken meals available in a variety of sizes to feed individuals and larger groups. Our entrees include favorites such as tostadas, burritos, bowls, and salads, and we offer a variety of fresh salsas and delicious dressings that give our customers the opportunity to customize their meals. Our distinctive menu with high quality chicken entrees appeals to consumers across a wide variety of socio-economic backgrounds and drives our balanced composition of sales throughout the day, including at lunch and dinner.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $490.0M | $473.0M | $468.7M | $470.0M | $454.4M | $426.1M | $442.3M | $435.8M | $401.7M | $380.1M |
| SG&A | $50.3M | $46.3M | $42.0M | $39.1M | $39.9M | $35.9M | $40.4M | $50.3M | $38.5M | $34.7M |
| Total operating expenses | $448.0M | $431.8M | $428.9M | $439.8M | $413.0M | $392.5M | $404.0M | $445.3M | $394.9M | $345.5M |
| Operating income | $42.0M | $41.2M | $39.8M | $30.1M | $41.3M | $33.6M | $38.3M | -$9.5M | $6.8M | $34.6M |
| Interest expense | $4.5M | $5.9M | $4.8M | $1.7M | $1.8M | $3.3M | $3.7M | $3.5M | $3.3M | $3.2M |
| Pre-tax income | $37.6M | $35.3M | $34.9M | $28.9M | $39.5M | $30.1M | $34.6M | -$12.2M | $9.1M | $31.1M |
| Income tax | $11.1M | $9.6M | $9.3M | $8.1M | $10.3M | $5.7M | $9.7M | $3.2M | $497.0K | $12.8M |
| Net income | $26.5M | $25.7M | $25.6M | $20.8M | $29.1M | $24.5M | $24.9M | -$9.0M | $8.6M | $18.3M |
| EPS, basic | 0.91 | 0.86 | 0.75 | 0.57 | 0.81 | 0.70 | 0.68 | -0.23 | 0.22 | 0.48 |
| EPS, diluted | 0.90 | 0.86 | 0.74 | 0.57 | 0.80 | 0.68 | 0.67 | -0.23 | 0.22 | 0.47 |
| Shares, diluted (wtd. avg.) | $29.4M | $30.0M | $34.4M | $36.6M | $36.4M | $35.8M | $37.4M | $38.6M | $39.1M | $39.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.2M | $2.5M | $7.3M | $20.5M | $30.0M | $13.2M | $8.1M | $7.0M | $8.6M | $2.2M |
| Receivables | — | — | — | — | — | — | $8.5M | $9.6M | $7.2M | $6.9M |
| Inventory | $1.8M | $1.9M | $1.9M | $2.4M | $2.3M | $2.1M | $2.0M | $2.5M | $2.3M | $2.1M |
| Total current assets | $25.6M | $19.9M | $25.1M | $37.4M | $49.5M | $31.7M | $24.7M | $22.0M | $20.7M | $14.4M |
| Property, plant and equipment | $97.0M | $86.1M | $84.0M | $78.6M | $75.7M | $79.6M | $91.8M | $104.1M | $102.8M | $118.5M |
| Goodwill | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M | $248.7M |
| Total assets | $606.6M | $592.0M | $592.3M | $597.2M | $613.8M | $605.2M | $624.8M | $450.2M | $442.7M | $471.3M |
| Accounts payable | $15.7M | $12.1M | $12.5M | $12.7M | $10.6M | $7.5M | $5.6M | $9.6M | $12.3M | $11.6M |
| Total current liabilities | $79.1M | $75.7M | $72.6M | $68.5M | $74.6M | $66.4M | $74.0M | $82.9M | $47.3M | $45.3M |
| Long-term debt | $51.0M | $71.0M | $84.0M | $66.0M | $40.0M | $62.8M | — | — | — | — |
| Total liabilities | $315.6M | $331.3M | $341.6M | $316.1M | $303.2M | $327.6M | $379.2M | $185.0M | $167.8M | $206.1M |
| Retained earnings | $43.6M | $18.9M | $14.0M | -$11.6M | -$32.4M | -$61.5M | -$86.0M | -$110.9M | -$98.4M | -$107.0M |
| Total equity | $291.1M | $260.7M | $250.7M | $281.1M | $310.6M | $277.6M | $245.6M | $265.2M | $274.9M | $265.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $48.1M | $46.8M | $40.7M | $38.5M | $52.1M | $40.5M | $36.1M | $45.4M | $53.7M | $49.3M |
| Depreciation and amortisation | $16.0M | $15.7M | $15.2M | $14.4M | $15.2M | $16.9M | $17.9M | $17.8M | $18.1M | $16.1M |
| Stock-based compensation | $5.4M | $3.9M | $3.0M | $3.5M | $3.2M | $3.1M | $2.5M | $2.0M | $1.1M | $1.1M |
| Capital expenditure | $22.6M | $19.1M | $21.3M | $19.9M | $17.0M | $6.7M | $15.4M | $27.8M | $36.2M | $37.4M |
| Investing cash flow | -$22.6M | -$18.9M | -$13.4M | -$18.9M | -$12.5M | -$6.7M | -$10.7M | -$27.8M | -$36.2M | -$35.2M |
| Financing cash flow | -$21.7M | -$32.6M | -$40.4M | -$29.2M | -$22.8M | -$28.7M | -$24.4M | -$19.2M | -$11.1M | -$18.0M |
| Dividends paid | — | — | — | $55.6M | — | — | — | — | — | — |
| Buybacks | $1.8M | $20.6M | $59.2M | — | $0 | $0 | $48.4M | $981.0K | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001606366-26-000021.
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