PAPA JOHNS INTERNATIONAL INC PZZA

Consumer discretionary SIC 5812 - Retail-Eating Places NAICS Accommodation and Food Services › Food Services and Drinking Places › Restaurants and Other Eating Places derived Nasdaq

Papa John's International, Inc., a Delaware corporation (referred to as the "Company," "Papa John's," "Papa Johns" or in the first person notations of "we," "us" and "our"), operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark "Papa Johns." Papa Johns began operations in 1984. At December 28, 2025, there were 6,083 Papa Johns restaurants in operation, consisting of 475 Company-owned and 5,608 franchised restaurants operating in 50 countries and territories. In discussions of our business, "Domestic" is defined as within the contiguous United States, "North America" includes Domestic and Canada, and "International" includes the rest of the world other than North America.

Last close 18.10 2026-10-23
Market cap $595.9M 2026-06-28 share count
52-week range 17.70 - 53.13

Valuation FY2025 figures against the last close

P/S0.3x
P/E20.1x
P/FCF9.7x
EV/EBITDA7.0x
Dividend yield10.3%
Diluted EPS0.90

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.05B$2.06B$2.14B$2.10B$2.07B$1.81B$1.62B$1.66B$1.78B$1.71B
SG&A $244.3M$190.5M$208.1M$215.3M$212.3M$204.2M$223.5M$193.5M$150.9M$158.1M
Total operating expenses $1.96B$1.90B$1.99B$1.98B$1.90B$1.72B$1.60B$1.63B$1.63B$1.56B
Operating income $89.1M$156.7M$147.1M$109.0M$168.2M$90.3M$24.5M$31.6M$151.0M$164.5M
Interest expense ———$26.7M$19.2M$17.0M$20.6M$25.7M$11.3M$7.4M
Pre-tax income $48.4M$114.1M$103.7M$83.8M$146.0M$72.7M$5.0M$6.7M$140.3M$158.8M
Income tax $16.3M$29.9M$20.9M$14.4M$26.0M$14.7M$611.0K$2.6M$33.8M$49.7M
Net income $30.5M$83.5M$82.1M$67.8M$120.0M$57.9M$4.9M$2.5M$102.3M$102.8M
EPS, basic 0.902.552.491.900.121.29-0.240.082.862.76
EPS, diluted 0.902.542.481.890.121.28-0.240.082.832.74
Shares, diluted (wtd. avg.) 32.9M32.8M33.2M35.7M35.3M32.7M31.6M32.3M36.5M37.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $34.6M$38.0M$40.6M$47.4M$70.6M$130.2M$27.9M$33.3M$27.9M$15.6M
Receivables $103.1M$101.7M$104.2M$102.5M$81.4M$90.1M$70.5M$78.1M$64.6M$59.6M
Inventory $34.3M$35.2M$36.1M$41.4M$35.0M$30.3M$27.5M$27.2M$30.6M$25.1M
Total current assets $237.4M$230.6M$231.0M$251.0M$255.0M$306.4M$181.5M$196.3M$170.0M$145.6M
Property, plant and equipment $251.3M$273.3M$282.8M$249.8M$223.9M$200.9M$211.7M$226.9M$234.3M$230.5M
Goodwill $67.6M$75.5M$76.2M$70.6M$80.6M$80.8M$80.3M$84.5M$86.9M$85.5M
Total assets $837.5M$889.0M$875.0M$864.2M$885.7M$872.8M$730.7M$595.9M$555.6M$512.6M
Accounts payable $61.2M$61.8M$74.9M$62.3M$28.1M$37.4M$29.1M$27.1M$32.0M$42.7M
Short-term debt $5.0M$0———$20.0M$20.0M$20.0M$20.0M—
Total current liabilities $291.0M$278.0M$304.6M$265.2M$287.4M$288.9M$207.9M$188.9M$132.9M$128.0M
Long-term debt $710.4M$741.6M$757.4M$597.1M$480.7M$328.3M$347.3M$601.1M$446.6M$299.8M
Total liabilities $1.27B$1.30B$1.32B$1.13B$1.05B$881.3M$790.5M$894.4M$654.8M$494.3M
Retained earnings $210.8M$241.7M$219.0M$195.9M$183.2M$219.2M$205.7M$242.2M$292.3M$219.3M
Total equity -$444.8M-$429.5M-$443.6M-$270.7M-$172.5M-$266.9M-$316.7M-$304.0M-$106.0M$9.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $126.0M$106.6M$193.1M$117.8M$184.7M$186.4M$61.7M$92.5M$135.0M$150.3M
Depreciation and amortisation $92.2M$69.4M$64.1M$52.0M$48.8M$49.7M$47.3M$46.4M$43.7M$41.0M
Stock-based compensation $15.0M$9.6M$17.9M$18.4M$16.9M$16.3M$15.3M$9.9M$10.4M$10.1M
Capital expenditure $64.7M$72.5M$76.6M$78.4M$68.6M$35.7M$37.7M$42.0M$52.6M$55.6M
Investing cash flow -$21.5M-$17.3M-$75.1M-$62.8M-$63.5M-$41.1M-$32.6M-$38.8M-$56.5M-$46.3M
Financing cash flow -$106.3M-$91.7M-$124.1M-$76.2M-$180.5M-$43.5M-$34.6M-$48.1M-$72.1M-$109.0M
Dividends paid $61.1M$60.6M$58.5M$54.8M$40.4M$29.4M$28.6M$29.0M$30.7M$27.9M
Buybacks $0$2.1M$210.3M$125.0M$72.5M$2.7M—$158.0M$209.6M$122.4M

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 0001628280-26-011965.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 1.7B Net income, FY2016: 102.8M Revenue, FY2017: 1.8B Net income, FY2017: 102.3M Revenue, FY2018: 1.7B Net income, FY2018: 2.5M Revenue, FY2019: 1.6B Net income, FY2019: 4.9M Revenue, FY2020: 1.8B Net income, FY2020: 57.9M Revenue, FY2021: 2.1B Net income, FY2021: 120M Revenue, FY2022: 2.1B Net income, FY2022: 67.8M Revenue, FY2023: 2.1B Net income, FY2023: 82.1M Revenue, FY2024: 2.1B Net income, FY2024: 83.5M Revenue, FY2025: 2.1B Net income, FY2025: 30.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.71B $1.78B $1.66B $1.62B $1.81B $2.07B $2.10B $2.14B $2.06B $2.05B
Gross profit — — — — — — — — — —
Net income $102.8M $102.3M $2.5M $4.9M $57.9M $120.0M $67.8M $82.1M $83.5M $30.5M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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