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 Aug 9, 2026, 10:19 UTC 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 21.6× (Nov '26).
The price-to-sales ratio has fallen from 1.2× (Mar '23) to 0.3× (Nov '26).
The dividend yield has risen from 2.2% (Mar '23) to 9.3% (Nov '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?

Papa Johns International Inc's P/E (TTM) is 23.91 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PZZA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.