Portillo's Inc. PTLO
Portillo's Inc. (the "Company") was incorporated as a Delaware corporation on June 8, 2021, for the purpose of facilitating an initial public offering ("IPO") and other related transactions in order to carry on the business of PHD Group Holdings LLC and its subsidiaries ("Portillo's OpCo"). The Company became the sole managing member of Portillo's OpCo and operates and controls all of the business and affairs of Portillo's OpCo. As a result, the Company consolidates the financial results of Portillo's OpCo and reports a non-controlling interest representing the economic interest in Portillo's OpCo held by the other members of Portillo's OpCo (the "pre-IPO LLC Members"). Portillo's Inc. Class A common stock trades on the Nasdaq under the symbol "PTLO." Unless the context otherwise requires, references to "we," "us," "our," "Portillo's," the "Company" and other similar references refer to Portillo's Inc. and its subsidiaries, including Portillo's OpCo.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $732.1M | $710.6M | $679.9M | $587.1M | $535.0M | $455.5M | $479.4M | — |
| SG&A | $77.1M | $75.1M | $78.8M | $66.9M | $87.1M | $39.9M | $43.1M | — |
| Total operating expenses | $573.7M | $542.4M | $514.7M | $454.6M | $392.9M | $333.5M | $362.3M | — |
| Operating income | $43.7M | $58.0M | $55.4M | $41.3M | $30.0M | $57.3M | $48.9M | — |
| Pre-tax income | $24.1M | $41.9M | $28.1M | $19.0M | -$16.9M | $12.3M | $5.6M | — |
| Income tax | $3.0M | $6.8M | $3.2M | $1.8M | $3.5M | $0 | $0 | — |
| Net income | $21.1M | $35.1M | $24.8M | $17.2M | -$13.4M | -$8.3M | -$12.9M | — |
| EPS, basic | 0.28 | 0.48 | 0.34 | 0.28 | -0.42 | -0.16 | -0.25 | — |
| EPS, diluted | 0.27 | 0.46 | 0.32 | 0.25 | -0.42 | -0.16 | -0.25 | — |
| Shares, diluted (wtd. avg.) | $71.1M | $64.0M | $57.3M | $42.7M | $35.8M | $51.2M | $51.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $20.0M | $22.9M | $10.4M | $44.4M | $39.3M | $41.4M | $22.6M | $13.0M |
| Receivables | $7.2M | $5.9M | $6.1M | $5.4M | $7.8M | $5.2M | — | — |
| Inventory | $8.2M | $7.9M | $8.7M | $7.4M | $6.1M | $5.1M | — | — |
| Total current assets | $51.5M | $52.7M | $41.9M | $65.3M | $59.0M | $54.6M | — | — |
| Property, plant and equipment | $420.3M | $359.0M | $295.8M | $227.0M | $190.8M | $174.8M | — | — |
| Goodwill | $394.3M | $394.3M | $394.3M | $394.3M | $394.3M | $394.3M | — | — |
| Other intangibles | $245.1M | $250.0M | $252.8M | $255.7M | $259.8M | $266.2M | — | — |
| Total assets | $1.61B | $1.50B | $1.39B | $1.28B | $999.6M | $910.2M | — | — |
| Accounts payable | $43.2M | $45.5M | $33.2M | $30.3M | $27.2M | $21.4M | — | — |
| Short-term debt | $6.2M | $11.2M | $7.5M | $4.2M | $3.3M | $3.3M | — | — |
| Total current liabilities | $194.0M | $135.6M | $104.9M | $77.3M | $66.9M | $66.4M | — | — |
| Long-term debt | $238.0M | $275.4M | $283.9M | $314.4M | $315.8M | $466.4M | — | — |
| Total liabilities | $1.11B | $1.01B | $925.4M | $847.2M | $576.2M | $568.9M | — | — |
| Retained earnings | $62.5M | $43.1M | $13.6M | -$4.8M | -$15.9M | $0 | — | — |
| Total equity | $467.8M | $401.1M | $460.1M | $432.9M | $423.4M | $140.7M | $147.7M | $158.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $71.9M | $98.0M | $70.8M | $56.9M | $42.9M | $58.3M | $43.3M | — |
| Depreciation and amortisation | $29.1M | $27.3M | $24.3M | $20.9M | $23.3M | $24.6M | $24.4M | — |
| Stock-based compensation | $6.5M | $11.2M | $15.5M | $16.1M | $29.4M | $960.0K | $1.3M | — |
| Capital expenditure | $90.4M | $88.2M | $87.9M | $47.1M | $36.2M | $21.5M | $22.0M | — |
| Investing cash flow | -$90.2M | -$88.1M | -$87.8M | -$47.0M | -$36.3M | -$21.4M | -$22.0M | — |
| Financing cash flow | $15.4M | $2.5M | -$16.9M | -$4.7M | -$8.8M | -$18.0M | -$11.7M | — |
| Buybacks | — | — | — | — | $57.0M | — | — | — |
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 0001871509-26-000024.
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