PZZA Financials Papa Johns International Inc

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 41 d ago 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$2.1B	$31M	0.0%	4.3%	-6.9%	3.6%	$61M	$722M	$37M
2024	$2.1B	$83M	0.0%	7.6%	-19.4%	9.4%	$34M	$742M	$38M
2023	$2.1B	$82M	0.0%	6.9%	-17.9%	9.4%	$116M	$757M	$41M
2022	$2.1B	$68M	0.0%	5.2%	-23.7%	7.8%	$39M	$597M	$47M
2021	$2.1B	$120M	0.0%	8.1%	-64.0%	13.6%	$116M	$481M	$71M
2020	$1.8B	$58M	0.0%	5.0%	-20.5%	6.6%	$151M	$348M	$130M
2019	—	$5M	—	—	-1.5%	0.7%	$24M	$367M	$28M
2018	—	$2M	—	—	-0.8%	0.4%	$50M	$621M	$33M
2017	—	$102M	—	—	-84.0%	18.4%	$82M	$467M	$28M
2016	—	$103M	—	—	-2629.0%	20.1%	$95M	$300M	$16M
2015	—	$76M	—	—	259.4%	15.3%	$131M	$255M	$21M
2014	—	$73M	—	—	85.0%	14.5%	—	$230M	—
2013	—	$70M	—	—	50.5%	15.0%	—	$158M	—
2012	—	$62M	—	—	34.0%	14.1%	—	$88M	—
2011	—	$55M	—	—	26.6%	14.0%	$72M	$51M	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$482M	$9M	0.0%	4.8%	-1.9%	1.1%	$16M	$727M	$28M
Mar '26	$479M	$7M	0.0%	4.3%	-1.6%	0.9%	-$6M	$735M	$39M
Dec '25	$498M	$7M	0.0%	4.9%	-1.6%	0.8%	$2M	$722M	$37M
Sep '25	$508M	$5M	0.0%	3.2%	-1.1%	0.5%	$23M	$730M	$39M
Jun '25	$529M	$10M	0.0%	4.6%	-2.2%	1.1%	$17M	$726M	$33M
Mar '25	$518M	$9M	0.0%	4.6%	-2.1%	1.0%	$19M	$742M	$44M
Dec '24	$531M	$15M	0.0%	5.6%	-3.4%	1.7%	$25M	$742M	$38M
Sep '24	$507M	$42M	0.0%	12.9%	-9.7%	4.9%	-$4M	$727M	$18M
Jun '24	$508M	$12M	0.0%	5.6%	-2.7%	1.5%	$14M	$761M	$24M
Mar '24	$514M	$15M	0.0%	6.6%	-3.2%	1.7%	-$1M	$763M	$28M
Dec '23	$571M	$26M	0.0%	7.5%	-5.7%	3.0%	$40M	$757M	$41M
Sep '23	$523M	$16M	0.0%	6.1%	-3.3%	1.8%	$17M	$784M	$37M
Jun '23	$515M	$18M	0.0%	6.8%	-3.7%	2.0%	$37M	$784M	$44M
Mar '23	$527M	$22M	0.0%	7.2%	-4.6%	2.6%	$22M	$806M	$47M
Dec '22	$526M	$24M	0.0%	6.9%	-8.2%	2.7%	$11M	$597M	$47M
Sep '22	$511M	$8M	0.0%	3.8%	-3.0%	1.0%	$13M	$549M	$37M
Jun '22	$523M	$25M	0.0%	7.4%	-10.2%	3.0%	-$320000	$536M	$52M
Mar '22	$543M	$10M	0.0%	2.7%	-4.7%	1.2%	$15M	$528M	$81M
Dec '21	$529M	$25M	0.0%	7.2%	-13.1%	2.8%	-$36M	$481M	$71M
Sep '21	$513M	$29M	0.0%	7.5%	-19.2%	3.3%	$46M	$415M	$106M

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 fallen from 36.4× (Mar '23) to 24.3× (Sep '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 0.4× (Sep '26).
The dividend yield has risen from 2.2% (Mar '23) to 8.2% (Sep '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 Sep '26, Papa Johns International Inc traded at a price-to-earnings ratio of about 24.3× (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.