15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.5% per year over the past 5 years.
Net income has grown slower than revenue (-12.0% vs 2.5% per year).
Operating margin has been roughly flat, at 4.3% in the latest year.
Free cash flow has declined 16.5% per year over the past 5 years.
Financial health
Total debt ($722M) exceeds cash ($37M); net debt is $685M.
Total debt has grown faster than revenue (15.7% vs 2.5% per year).
Total debt is 4.0× EBITDA.
Shareholder returns
Dividends have been paid for 13 consecutive years, consuming 200.3% of earnings and 99.7% of free cash flow.
The dividend has grown 15.8% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.1B
$31M
0.0%
4.3%
$61M
$722M
$37M
2024
$2.1B
$83M
0.0%
7.6%
$34M
$742M
$38M
2023
$2.1B
$82M
0.0%
6.9%
$116M
$757M
$41M
2022
$2.1B
$68M
0.0%
5.2%
$39M
$597M
$47M
2021
$2.1B
$120M
0.0%
8.1%
$116M
$481M
$71M
2020
$1.8B
$58M
0.0%
5.0%
$151M
$348M
$130M
2019
—
$5M
—
—
$24M
$367M
$28M
2018
—
$2M
—
—
$50M
$621M
$33M
2017
—
$102M
—
—
$82M
$467M
$28M
2016
—
$103M
—
—
$95M
$300M
$16M
2015
—
$76M
—
—
$131M
$255M
$21M
2014
—
$73M
—
—
—
$230M
—
2013
—
$70M
—
—
—
$158M
—
2012
—
$62M
—
—
—
$88M
—
2011
—
$55M
—
—
$72M
$51M
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$479M
$7M
0.0%
4.3%
-$6M
$735M
$39M
Dec '25
$498M
$7M
0.0%
4.9%
$2M
$722M
$37M
Sep '25
$508M
$5M
0.0%
3.2%
$23M
$730M
$39M
Jun '25
$529M
$10M
0.0%
4.6%
$17M
$726M
$33M
Mar '25
$518M
$9M
0.0%
4.6%
$19M
$742M
$44M
Dec '24
$531M
$15M
0.0%
5.6%
$25M
$742M
$38M
Sep '24
$507M
$42M
0.0%
12.9%
-$4M
$727M
$18M
Jun '24
$508M
$12M
0.0%
5.6%
$14M
$761M
$24M
Mar '24
$514M
$15M
0.0%
6.6%
-$1M
$763M
$28M
Dec '23
$571M
$26M
0.0%
7.5%
$40M
$757M
$41M
Sep '23
$523M
$16M
0.0%
6.1%
$17M
$784M
$37M
Jun '23
$515M
$18M
0.0%
6.8%
$37M
$784M
$44M
Mar '23
$527M
$22M
0.0%
7.2%
$22M
$806M
$47M
Dec '22
$526M
$24M
0.0%
6.9%
$11M
$597M
$47M
Sep '22
$511M
$8M
0.0%
3.8%
$13M
$549M
$37M
Jun '22
$523M
$25M
0.0%
7.4%
-$320000
$536M
$52M
Mar '22
$543M
$10M
0.0%
2.7%
$15M
$528M
$81M
Dec '21
$529M
$25M
0.0%
7.2%
-$36M
$481M
$71M
Sep '21
$513M
$29M
0.0%
7.5%
$46M
$415M
$106M
Jun '21
$515M
$32M
0.0%
8.7%
$50M
$424M
$96M
Valuation over time
How the market has priced PZZA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 36.4× (Mar '23) to 39.0× (Jun '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 0.6× (Jun '26).
The dividend yield has risen from 2.2% (Mar '23) to 5.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PZZA growing its revenue and profit?
Over the past 5 years, Papa Johns International Inc's revenue has grown 2.5% per year, and net income declined 12.0% per year. These are computed facts, not advice.
How much debt does PZZA have?
As of FY2025, Papa Johns International Inc reported $722M of total debt against $37M of cash.
What is PZZA's profit margin?
In FY2025, gross margin was —, operating margin 4.3%, and net margin 1.5%.
What is PZZA's P/E ratio?
As of Jun '26, Papa Johns International Inc traded at a price-to-earnings ratio of about 39.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.