Potbelly (PBPB) Financials

$10.55 +0.67 (+6.78%)

Closing price 04:00 PM Eastern

Extended Trading

$10.54 -0.01 (-0.05%)

As of 04:04 PM Eastern

Annual Income Statements for Potbelly

This table shows Potbelly's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	12/25/2022
Net Income / (Loss) Attributable to Common Shareholders	40	5.12	4.35
Consolidated Net Income / (Loss)	41	5.58	4.71
Net Income / (Loss) Continuing Operations	41	5.58	4.71
Total Pre-Tax Income	7.79	6.49	5.04
Total Operating Income	11	10	-3.80
Total Gross Profit	213	208	180
Total Revenue	463	491	452
Operating Revenue	463	491	452
Total Cost of Revenue	249	283	272
Operating Cost of Revenue	249	283	272
Total Operating Expenses	202	198	184
Selling, General & Admin Expense	128	133	113
Depreciation Expense	13	12	12
Other Operating Expenses / (Income)	60	50	55
Impairment Charge	1.26	3.34	4.75
Other Special Charges / (Income)	0.16	0.12	0.00
Total Other Income / (Expense), net	-3.21	-3.52	8.84
Interest Expense	3.21	3.52	-8.84
Income Tax Expense	-34	0.91	0.33
Net Income / (Loss) Attributable to Noncontrolling Interest	1.04	0.46	0.37
Basic Earnings per Share	$1.35	$0.18	$0.15
Weighted Average Basic Shares Outstanding	29.84M	29.20M	28.63M
Diluted Earnings per Share	$1.31	$0.17	$0.15
Weighted Average Diluted Shares Outstanding	30.72M	30.09M	29.07M
Weighted Average Basic & Diluted Shares Outstanding	29.88M	29.60M	28.92M

This table shows Potbelly's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/25/2022
Net Income / (Loss) Attributable to Common Shareholders	4.61	3.74	35	-2.77	2.74	1.50	2.22	-1.33	2.66	9.03
Consolidated Net Income / (Loss)	5.01	4.08	35	-2.67	2.75	1.65	2.38	-1.20	2.75	9.14
Net Income / (Loss) Continuing Operations	5.01	4.08	35	-2.67	2.75	1.65	2.38	-1.20	2.75	9.14
Total Pre-Tax Income	2.38	4.09	3.94	-2.62	3.47	1.78	2.33	-1.10	2.93	9.13
Total Operating Income	2.50	4.25	4.12	0.12	4.22	2.63	3.34	-0.19	3.24	-0.71
Total Gross Profit	63	51	53	47	55	52	53	49	49	47
Total Revenue	117	115	120	111	126	121	127	118	120	118
Operating Revenue	117	115	120	111	126	121	127	118	120	118
Total Cost of Revenue	54	65	67	64	71	69	74	70	71	71
Operating Cost of Revenue	54	65	67	64	71	69	74	70	71	71
Total Operating Expenses	60	46	49	47	51	49	49	49	46	47
Selling, General & Admin Expense	33	31	33	31	37	33	33	30	29	29
Depreciation Expense	3.41	3.24	3.02	3.01	3.24	3.04	2.89	2.97	2.80	2.92
Other Operating Expenses / (Income)	24	12	13	12	9.62	13	13	14	13	14
Impairment Charge	-0.01	0.38	0.15	0.74	1.18	0.46	0.66	1.05	0.78	1.62
Other Special Charges / (Income)	0.01	0.06	0.10	0.00	0.00	0.06	0.03	0.02	-	0.00
Total Other Income / (Expense), net	-0.12	-0.16	-0.18	-2.74	-0.75	-0.85	-1.01	-0.91	-0.31	9.84
Interest Expense	0.12	0.16	0.18	2.74	0.75	0.85	1.01	0.91	0.31	-9.84
Income Tax Expense	-2.63	0.01	-31	0.05	0.72	0.13	-0.05	0.11	0.18	-0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.39	0.34	0.21	0.09	0.02	0.15	0.17	0.12	0.10	0.11
Basic Earnings per Share	$0.16	$0.12	$1.16	($0.09)	$0.10	$0.05	$0.08	($0.05)	$0.10	$0.31
Weighted Average Basic Shares Outstanding	29.84M	29.94M	29.93M	29.55M	29.20M	29.32M	29.20M	28.91M	28.63M	28.73M
Diluted Earnings per Share	$0.15	$0.12	$1.13	($0.09)	$0.10	$0.05	$0.07	($0.05)	$0.10	$0.31
Weighted Average Diluted Shares Outstanding	30.72M	30.38M	30.71M	29.55M	30.09M	30.03M	30.09M	28.91M	29.07M	28.87M
Weighted Average Basic & Diluted Shares Outstanding	29.88M	29.94M	29.95M	29.84M	29.60M	29.36M	29.32M	29.15M	28.92M	28.81M

This table details how cash moves in and out of Potbelly's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	12/25/2022
Net Change in Cash & Equivalents	-22	19	1.27
Net Cash From Operating Activities	20	19	12
Net Cash From Continuing Operating Activities	20	19	12
Net Income / (Loss) Continuing Operations	41	5.58	4.71
Consolidated Net Income / (Loss)	41	5.58	4.71
Depreciation Expense	13	12	12
Amortization Expense	0.23	0.48	0.27
Non-Cash Adjustments To Reconcile Net Income	33	30	-5.47
Changes in Operating Assets and Liabilities, net	-67	-29	1.07
Net Cash From Investing Activities	-19	-11	-8.43
Net Cash From Continuing Investing Activities	-19	-11	-8.43
Purchase of Property, Plant & Equipment	-19	-17	-8.43
Divestitures	0.37	6.28	0.00
Other Investing Activities, net	-0.17	0.00	0.00
Net Cash From Financing Activities	-23	10	-2.78
Net Cash From Continuing Financing Activities	-23	10	-2.78
Repayment of Debt	-31	-28	-41
Repurchase of Common Equity	-1.39	0.00	0.00
Payment of Dividends	-1.18	-0.85	-0.48
Issuance of Debt	12	40	39
Issuance of Common Equity	0.30	0.00	0.00
Other Financing Activities, net	-0.92	-0.35	-0.81
Cash Interest Paid	0.72	3.48	0.94
Cash Income Taxes Paid	0.78	0.28	0.14

This table details how cash moves in and out of Potbelly's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/25/2022
Net Change in Cash & Equivalents	0.53	2.88	-4.40	-21	2.85	-3.32	8.67	11	6.11	-5.15
Net Cash From Operating Activities	6.60	9.21	3.16	0.69	4.99	2.48	13	-0.66	11	-0.96
Net Cash From Continuing Operating Activities	6.60	9.21	3.16	0.69	4.99	2.48	13	-0.66	11	-0.96
Net Income / (Loss) Continuing Operations	5.01	4.08	35	-2.67	2.75	1.65	2.38	-1.20	2.75	9.14
Consolidated Net Income / (Loss)	5.01	4.08	35	-2.67	2.75	1.65	2.38	-1.20	2.75	9.14
Depreciation Expense	3.41	3.24	3.02	3.01	3.24	3.05	2.89	2.97	2.80	2.92
Non-Cash Adjustments To Reconcile Net Income	6.49	7.49	7.82	11	5.97	7.55	7.78	9.04	-21	-1.13
Changes in Operating Assets and Liabilities, net	-8.54	-5.60	-43	-11	-7.45	-9.77	-0.37	-11	27	-12
Net Cash From Investing Activities	-6.08	-4.54	-4.72	-3.74	0.12	-4.97	-2.70	-3.22	-3.51	-1.80
Net Cash From Continuing Investing Activities	-6.08	-4.54	-4.72	-3.74	0.12	-4.97	-2.70	-3.22	-3.51	-1.80
Purchase of Property, Plant & Equipment	-6.27	-4.33	-4.72	-3.96	-4.80	-4.97	-3.97	-3.31	-3.51	-1.80
Divestitures	0.15	-	-	0.23	4.92	-	1.27	0.10	-	-
Other Investing Activities, net	0.04	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	0.01	-1.79	-2.83	-18	-2.26	-0.83	-1.31	15	-1.83	-2.39
Net Cash From Continuing Financing Activities	0.01	-1.79	-2.83	-18	-2.26	-0.83	-1.31	15	-1.83	-2.39
Repayment of Debt	-1.50	-3.00	-1.28	-25	-2.84	-	-	-25	-10	-18
Repurchase of Common Equity	-0.46	-0.23	-	-	-	-	-	-	-	-
Payment of Dividends	-0.49	-0.39	-0.12	-0.18	-0.29	-0.24	-0.17	-0.15	-0.15	-0.15
Issuance of Debt	2.50	2.00	-	7.00	-	-	-	40	8.50	16
Other Financing Activities, net	-0.05	-0.47	-0.73	0.33	0.88	-0.59	-1.15	0.51	-0.11	-0.20
Cash Interest Paid	0.15	0.08	0.13	0.36	1.13	0.90	0.66	0.79	0.27	0.43
Cash Income Taxes Paid	0.06	0.17	0.54	0.01	-0.15	0.18	0.19	0.06	-	0.01

This table presents Potbelly's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	12/25/2022
Total Assets	263	252	245
Total Current Assets	33	53	31
Cash & Equivalents	12	34	16
Accounts Receivable	9.77	7.96	6.42
Inventories, net	3.74	3.52	3.99
Prepaid Expenses	7.88	7.83	4.50
Other Current Nonoperating Assets	0.15	0.00	-
Plant, Property, & Equipment, net	51	45	44
Total Noncurrent Assets	179	154	170
Goodwill	2.05	2.06	2.22
Intangible Assets	3.40	3.40	3.40
Noncurrent Deferred & Refundable Income Taxes	34	0.00	-
Other Noncurrent Operating Assets	140	149	165
Total Liabilities & Shareholders' Equity	263	252	245
Total Liabilities	205	238	241
Total Current Liabilities	65	71	69
Short-Term Debt	0.00	1.25	0.00
Accounts Payable	9.55	9.93	11
Accrued Expenses	33	35	31
Other Current Liabilities	23	25	27
Total Noncurrent Liabilities	140	167	172
Long-Term Debt	4.00	19	8.55
Other Noncurrent Operating Liabilities	136	148	163
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	58	14	4.27
Total Preferred & Common Equity	58	15	4.48
Total Common Equity	58	15	4.48
Common Stock	470	463	456
Retained Earnings	-294	-334	-339
Treasury Stock	-120	-117	-115
Other Equity Adjustments	1.75	2.22	2.57
Noncontrolling Interest	-0.44	-0.60	-0.20

This table presents Potbelly's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/29/2024	6/30/2024	3/31/2024	9/24/2023	6/25/2023	3/26/2023	9/25/2022
Total Assets	259	255	227	251	257	251	242
Total Current Assets	32	28	32	48	52	42	26
Cash & Equivalents	11	8.32	13	31	34	26	9.51
Accounts Receivable	10	8.97	8.38	7.90	8.28	7.26	8.32
Inventories, net	3.51	3.35	3.56	3.59	3.53	3.54	3.66
Prepaid Expenses	7.08	7.45	7.48	5.64	5.11	4.32	4.23
Plant, Property, & Equipment, net	48	47	46	45	43	43	45
Total Noncurrent Assets	178	180	150	158	161	166	171
Goodwill	2.05	2.05	2.05	2.12	2.12	2.12	2.22
Intangible Assets	3.40	3.40	3.40	3.40	3.40	3.40	3.40
Noncurrent Deferred & Refundable Income Taxes	31	31	-	-	-	-	-
Other Noncurrent Operating Assets	142	143	144	153	155	161	166
Total Liabilities & Shareholders' Equity	259	255	227	251	257	251	242
Total Liabilities	206	207	214	242	250	247	241
Total Current Liabilities	65	63	67	70	74	66	67
Short-Term Debt	0.00	0.00	0.00	1.25	1.25	1.25	0.00
Accounts Payable	8.26	9.22	9.97	8.96	9.75	10	10
Accrued Expenses	34	30	33	32	36	27	28
Other Current Liabilities	23	24	24	28	28	27	28
Total Noncurrent Liabilities	141	144	146	172	175	181	174
Long-Term Debt	3.00	4.00	5.00	21	21	21	10
Other Noncurrent Operating Liabilities	138	140	141	151	154	159	164
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	53	48	14	9.66	7.20	4.36	0.91
Total Preferred & Common Equity	53	48	14	9.98	7.44	4.59	1.06
Total Common Equity	53	48	14	9.98	7.44	4.59	1.06
Common Stock	469	468	467	461	460	458	455
Retained Earnings	-298	-302	-337	-337	-338	-340	-342
Treasury Stock	-120	-120	-117	-117	-116	-116	-115
Other Equity Adjustments	1.75	1.75	1.75	2.22	2.22	2.25	2.57
Noncontrolling Interest	-0.35	-0.60	-0.69	-0.32	-0.23	-0.23	-0.15

This table displays calculated financial ratios and metrics derived from Potbelly's official financial filings.

Metric	2024	2023	2022
Period end date	12/29/2024	12/31/2023	12/25/2022
Growth Metrics	-	-	-
Revenue Growth	-5.86%	8.73%	18.92%
EBITDA Growth	5.61%	170.78%	233.18%
EBIT Growth	9.85%	363.04%	83.08%
NOPAT Growth	578.12%	341.87%	77.40%
Net Income Growth	641.12%	18.38%	119.94%
EPS Growth	670.59%	13.33%	117.44%
Operating Cash Flow Growth	0.90%	56.20%	356.02%
Free Cash Flow Firm Growth	75.54%	119.31%	128.40%
Invested Capital Growth	6,844.32%	125.82%	-190.78%
Revenue Q/Q Growth	-1.93%	1.15%	3.99%
EBITDA Q/Q Growth	-5.22%	9.16%	148.32%
EBIT Q/Q Growth	-13.54%	10.87%	59.08%
NOPAT Q/Q Growth	4.29%	1.55%	45.34%
Net Income Q/Q Growth	5.77%	-0.05%	1,073.35%
EPS Q/Q Growth	3.97%	0.00%	1,600.00%
Operating Cash Flow Q/Q Growth	8.95%	-24.93%	280.02%
Free Cash Flow Firm Q/Q Growth	-28.62%	-44.03%	200.99%
Invested Capital Q/Q Growth	13.11%	-18.79%	-286.03%
Profitability Metrics	-	-	-
Gross Margin	46.11%	42.37%	39.83%
EBITDA Margin	5.17%	4.60%	1.85%
Operating Margin	2.38%	2.04%	-0.84%
EBIT Margin	2.38%	2.04%	-0.84%
Profit (Net Income) Margin	8.93%	1.13%	1.04%
Tax Burden Percent	530.78%	85.99%	93.51%
Interest Burden Percent	70.84%	64.82%	-132.44%
Effective Tax Rate	-430.78%	14.01%	6.49%
Return on Invested Capital (ROIC)	229.43%	0.00%	-2,505.00%
ROIC Less NNEP Spread (ROIC-NNEP)	390.06%	0.00%	-3,556.92%
Return on Net Nonoperating Assets (RNNOA)	-114.68%	0.00%	3,012.65%
Return on Equity (ROE)	114.75%	60.73%	507.65%
Cash Return on Invested Capital (CROIC)	35.11%	704.39%	0.00%
Operating Return on Assets (OROA)	4.26%	4.02%	-1.53%
Return on Assets (ROA)	16.03%	2.24%	1.89%
Return on Common Equity (ROCE)	116.40%	63.39%	589.43%
Return on Equity Simple (ROE_SIMPLE)	70.79%	37.96%	105.23%
Net Operating Profit after Tax (NOPAT)	58	8.60	-3.56
NOPAT Margin	12.61%	1.75%	-0.79%
Net Nonoperating Expense Percent (NNEP)	-160.63%	-29.62%	1,051.92%
Return On Investment Capital (ROIC_SIMPLE)	94.18%	24.93%	-27.74%
Cost of Revenue to Revenue	53.89%	57.63%	60.17%
SG&A Expenses to Revenue	27.70%	27.04%	24.93%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.73%	40.33%	40.67%
Earnings before Interest and Taxes (EBIT)	11	10	-3.80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	23	8.36
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	4.75	20.82	35.98
Price to Tangible Book Value (P/TBV)	5.24	33.13	0.00
Price to Revenue (P/Rev)	0.60	0.62	0.36
Price to Earnings (P/E)	6.88	59.76	37.07
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	14.54%	1.67%	2.70%
Enterprise Value to Invested Capital (EV/IC)	5.37	404.36	0.00
Enterprise Value to Revenue (EV/Rev)	0.58	0.59	0.34
Enterprise Value to EBITDA (EV/EBITDA)	11.26	12.90	18.40
Enterprise Value to EBIT (EV/EBIT)	24.48	29.18	0.00
Enterprise Value to NOPAT (EV/NOPAT)	4.61	33.93	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.69	14.98	12.33
Enterprise Value to Free Cash Flow (EV/FCFF)	30.14	57.41	66.32
Leverage & Solvency	-	-	-
Debt to Equity	0.07	1.45	2.00
Long-Term Debt to Equity	0.07	1.36	2.00
Financial Leverage	-0.29	-1.11	-0.85
Leverage Ratio	7.16	27.10	268.54
Compound Leverage Factor	5.07	17.56	-355.65
Debt to Total Capital	6.46%	59.16%	66.68%
Short-Term Debt to Total Capital	0.00%	3.62%	0.00%
Long-Term Debt to Total Capital	6.46%	55.54%	66.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.71%	-1.74%	-1.59%
Common Equity to Total Capital	94.25%	42.57%	34.91%
Debt to EBITDA	0.17	0.90	1.02
Net Debt to EBITDA	-0.32	-0.59	-0.85
Long-Term Debt to EBITDA	0.17	0.85	1.02
Debt to NOPAT	0.07	2.37	-2.40
Net Debt to NOPAT	-0.13	-1.55	1.99
Long-Term Debt to NOPAT	0.07	2.23	-2.40
Altman Z-Score	1.00	0.91	0.07
Noncontrolling Interest Sharing Ratio	-1.44%	-4.38%	-16.11%
Liquidity Ratios	-	-	-
Current Ratio	0.51	0.75	0.44
Quick Ratio	0.33	0.59	0.32
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	8.93	5.09	2.32
Operating Cash Flow to CapEx	101.97%	114.28%	148.07%
Free Cash Flow to Firm to Interest Expense	2.79	1.44	0.00
Operating Cash Flow to Interest Expense	6.14	5.54	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.12	0.69	0.00
Efficiency Ratios	-	-	-
Asset Turnover	1.79	1.98	1.81
Accounts Receivable Turnover	52.20	68.35	72.59
Inventory Turnover	68.68	75.46	72.70
Fixed Asset Turnover	9.68	10.97	9.59
Accounts Payable Turnover	25.60	27.44	28.84
Days Sales Outstanding (DSO)	6.99	5.34	5.03
Days Inventory Outstanding (DIO)	5.31	4.84	5.02
Days Payable Outstanding (DPO)	14.26	13.30	12.66
Cash Conversion Cycle (CCC)	-1.95	-3.13	-2.61
Capital & Investment Metrics	-	-	-
Invested Capital	50	0.72	-2.80
Invested Capital Turnover	18.19	-473.88	3,182.91
Increase / (Decrease) in Invested Capital	49	3.52	-5.88
Enterprise Value (EV)	269	292	154
Market Capitalization	277	306	161
Book Value per Share	$1.95	$0.50	$0.16
Tangible Book Value per Share	$1.77	$0.31	($0.04)
Total Capital	62	35	13
Total Debt	4.00	20	8.55
Total Long-Term Debt	4.00	19	8.55
Net Debt	-7.66	-13	-7.07
Capital Expenditures (CapEx)	19	17	8.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-51	-54
Debt-free Net Working Capital (DFNWC)	-32	-17	-38
Net Working Capital (NWC)	-32	-18	-38
Net Nonoperating Expense (NNE)	17	3.03	-8.27
Net Nonoperating Obligations (NNO)	-7.81	-13	-7.07
Total Depreciation and Amortization (D&A)	13	13	12
Debt-free, Cash-free Net Working Capital to Revenue	-9.45%	-10.28%	-11.95%
Debt-free Net Working Capital to Revenue	-6.92%	-3.41%	-8.50%
Net Working Capital to Revenue	-6.92%	-3.66%	-8.50%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.35	$0.18	$0.15
Adjusted Weighted Average Basic Shares Outstanding	29.84M	29.20M	28.63M
Adjusted Diluted Earnings per Share	$1.31	$0.17	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	30.72M	30.09M	29.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.88M	29.60M	28.92M
Normalized Net Operating Profit after Tax (NOPAT)	8.69	12	0.89
Normalized NOPAT Margin	1.88%	2.36%	0.20%
Pre Tax Income Margin	1.68%	1.32%	1.11%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.43	2.84	0.00
NOPAT to Interest Expense	18.20	2.44	0.00
EBIT Less CapEx to Interest Expense	-2.59	-2.00	0.00
NOPAT Less CapEx to Interest Expense	12.19	-2.40	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	2.85%	15.31%	10.08%
Augmented Payout Ratio	6.23%	15.31%	10.08%

This table displays calculated financial ratios and metrics derived from Potbelly's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/29/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	9/24/2023	6/25/2023	3/26/2023	12/25/2022	9/25/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.25%	-4.68%	-5.47%	-6.02%	4.66%	2.65%	9.20%	20.41%	16.87%	15.69%
EBITDA Growth	-20.79%	31.92%	14.53%	12.64%	23.43%	156.02%	53.00%	165.41%	356.84%	120.16%
EBIT Growth	-40.74%	61.61%	23.18%	161.14%	30.25%	473.19%	221.23%	97.39%	244.20%	72.92%
NOPAT Growth	57.33%	73.79%	970.24%	161.14%	9.81%	445.96%	216.73%	97.39%	293.49%	61.29%
Net Income Growth	81.97%	147.36%	1,366.61%	-122.01%	-0.11%	-81.95%	236.30%	84.73%	212.82%	419.44%
EPS Growth	50.00%	140.00%	1,514.29%	-80.00%	0.00%	-83.87%	250.00%	82.14%	266.67%	410.00%
Operating Cash Flow Growth	32.40%	271.52%	-75.10%	205.48%	-56.48%	358.23%	30.48%	91.51%	405.87%	42.99%
Free Cash Flow Firm Growth	-25,409.26%	-1,383.40%	-274.40%	-222.56%	-101.94%	-12.88%	63.89%	292.76%	48.68%	-74.10%
Invested Capital Growth	6,844.32%	4,886.05%	1,022.59%	9,666.10%	125.82%	-40.85%	-215.99%	-98.77%	-190.78%	-73.70%
Revenue Q/Q Growth	1.31%	-3.82%	7.69%	-11.61%	4.12%	-4.62%	7.06%	-1.57%	2.13%	1.46%
EBITDA Q/Q Growth	-21.09%	4.95%	128.03%	-58.06%	31.43%	-8.89%	124.26%	-54.04%	172.62%	-45.56%
EBIT Q/Q Growth	-41.13%	3.23%	3,390.68%	-97.21%	60.55%	-21.32%	1,832.64%	-105.95%	560.00%	-167.72%
NOPAT Q/Q Growth	24.10%	-88.39%	44,119.14%	-97.53%	37.08%	-28.50%	2,626.13%	-104.44%	531.88%	-165.46%
Net Income Q/Q Growth	22.73%	-88.32%	1,406.40%	-197.16%	66.83%	-30.74%	297.76%	-143.72%	-69.86%	1,190.40%
EPS Q/Q Growth	25.00%	-89.38%	1,355.56%	-190.00%	100.00%	-28.57%	240.00%	-150.00%	-67.74%	1,450.00%
Operating Cash Flow Q/Q Growth	-28.31%	191.73%	355.56%	-86.10%	101.17%	-80.45%	2,029.83%	-105.73%	1,293.54%	-109.88%
Free Cash Flow Firm Q/Q Growth	-12.65%	-239.16%	-105.63%	-3,147.13%	-105.67%	-53.91%	44.50%	-48.60%	154.50%	-13.30%
Invested Capital Q/Q Growth	13.11%	2.18%	652.86%	698.06%	-18.79%	118.91%	-8,069.49%	102.11%	-286.03%	201.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.63%	43.94%	44.34%	42.37%	43.64%	43.16%	41.57%	41.06%	40.72%	39.69%
EBITDA Margin	5.07%	6.50%	5.96%	2.82%	5.93%	4.70%	4.92%	2.35%	5.03%	1.88%
Operating Margin	2.15%	3.69%	3.44%	0.11%	3.36%	2.18%	2.64%	-0.16%	2.70%	-0.60%
EBIT Margin	2.15%	3.69%	3.44%	0.11%	3.36%	2.18%	2.64%	-0.16%	2.70%	-0.60%
Profit (Net Income) Margin	4.29%	3.54%	29.17%	-2.40%	2.19%	1.37%	1.88%	-1.02%	2.29%	7.77%
Tax Burden Percent	210.25%	99.73%	886.74%	101.95%	79.19%	92.74%	102.06%	109.55%	93.93%	100.04%
Interest Burden Percent	95.13%	96.19%	95.61%	-2,222.03%	82.24%	67.58%	69.77%	569.43%	90.41%	-1,295.32%
Effective Tax Rate	-110.25%	0.27%	-786.74%	0.00%	20.81%	7.26%	-2.06%	0.00%	6.07%	-0.04%
Return on Invested Capital (ROIC)	82.08%	76.86%	753.22%	12.37%	0.00%	820.72%	0.00%	-22.29%	8,069.45%	-72.21%
ROIC Less NNEP Spread (ROIC-NNEP)	84.50%	78.76%	773.01%	57.57%	0.00%	840.07%	0.00%	-42.63%	8,106.61%	227.92%
Return on Net Nonoperating Assets (RNNOA)	-24.85%	-21.49%	-228.44%	-38.97%	0.00%	-649.93%	0.00%	79.00%	-6,866.16%	2,268.18%
Return on Equity (ROE)	57.24%	55.37%	524.78%	-26.60%	60.73%	170.79%	-1,555.60%	56.71%	1,203.29%	2,195.97%
Cash Return on Invested Capital (CROIC)	35.11%	55.32%	31.83%	97.46%	704.39%	759.73%	0.00%	332.01%	0.00%	-63.63%
Operating Return on Assets (OROA)	3.85%	6.83%	6.42%	0.22%	6.63%	4.30%	5.07%	-0.31%	4.90%	-1.05%
Return on Assets (ROA)	7.70%	6.56%	54.46%	-4.87%	4.32%	2.69%	3.61%	-1.95%	4.16%	13.55%
Return on Common Equity (ROCE)	58.06%	55.96%	532.76%	-27.96%	63.39%	178.44%	-1,236.14%	52.49%	1,397.13%	2,765.79%
Return on Equity Simple (ROE_SIMPLE)	0.00%	73.91%	75.87%	28.65%	0.00%	55.91%	175.75%	248.29%	0.00%	-45.66%
Net Operating Profit after Tax (NOPAT)	5.26	4.24	37	0.08	3.34	2.44	3.41	-0.14	3.05	-0.71
NOPAT Margin	4.51%	3.68%	30.51%	0.07%	2.66%	2.02%	2.70%	-0.11%	2.54%	-0.60%
Net Nonoperating Expense Percent (NNEP)	-2.42%	-1.90%	-19.78%	-45.21%	-5.81%	-19.35%	-45.76%	20.34%	-37.17%	-300.13%
Return On Investment Capital (ROIC_SIMPLE)	8.50%	-	-	-	9.69%	-	-	-	23.76%	-
Cost of Revenue to Revenue	46.37%	56.06%	55.66%	57.63%	56.36%	56.84%	58.43%	58.94%	59.28%	60.32%
SG&A Expenses to Revenue	28.09%	26.80%	27.68%	28.23%	29.12%	27.47%	25.76%	25.75%	23.95%	24.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	51.49%	40.25%	40.90%	42.26%	40.28%	40.98%	38.93%	41.22%	38.02%	40.28%
Earnings before Interest and Taxes (EBIT)	2.50	4.25	4.12	0.12	4.22	2.63	3.34	-0.19	3.24	-0.71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.91	7.49	7.14	3.13	7.46	5.68	6.23	2.78	6.04	2.22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.75	4.76	4.96	25.00	20.82	23.12	31.01	49.03	35.98	122.66
Price to Tangible Book Value (P/TBV)	5.24	5.31	5.59	40.35	33.13	51.79	120.78	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.60	0.53	0.50	0.74	0.62	0.47	0.48	0.48	0.36	0.30
Price to Earnings (P/E)	6.88	6.55	6.62	97.44	59.76	45.79	18.34	20.58	37.07	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.54%	15.27%	15.10%	1.03%	1.67%	2.18%	5.45%	4.86%	2.70%	0.00%
Enterprise Value to Invested Capital (EV/IC)	5.37	5.48	5.41	60.76	404.36	249.31	0.00	3,758.09	0.00	86.80
Enterprise Value to Revenue (EV/Rev)	0.58	0.52	0.49	0.72	0.59	0.46	0.45	0.47	0.34	0.30
Enterprise Value to EBITDA (EV/EBITDA)	11.26	9.64	10.03	15.56	12.90	10.69	12.65	14.67	18.40	38.77
Enterprise Value to EBIT (EV/EBIT)	24.48	19.11	21.16	33.93	29.18	24.56	38.40	65.48	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	4.61	4.34	3.79	40.99	33.93	26.16	39.08	66.95	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	13.69	13.46	20.74	16.80	14.98	8.54	9.70	11.34	12.33	39.74
Enterprise Value to Free Cash Flow (EV/FCFF)	30.14	19.43	17.00	123.41	57.41	24.39	24.81	27.60	66.32	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.06	0.08	0.37	1.45	2.30	3.10	5.18	2.00	11.11
Long-Term Debt to Equity	0.07	0.06	0.08	0.37	1.36	2.17	2.93	4.89	2.00	11.11
Financial Leverage	-0.29	-0.27	-0.30	-0.68	-1.11	-0.77	2.68	-1.85	-0.85	9.95
Leverage Ratio	7.16	8.20	9.32	26.56	27.10	46.63	-299.19	-86.98	268.54	756.17
Compound Leverage Factor	6.81	7.89	8.91	-590.11	22.28	31.52	-208.74	-495.26	242.79	-9,794.79
Debt to Total Capital	6.46%	5.40%	7.74%	26.80%	59.16%	69.65%	75.64%	83.81%	66.68%	91.74%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	3.62%	3.93%	4.23%	4.65%	0.00%	0.00%
Long-Term Debt to Total Capital	6.46%	5.40%	7.74%	26.80%	55.54%	65.72%	71.41%	79.16%	66.68%	91.74%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.71%	-0.62%	-1.16%	-3.67%	-1.74%	-1.01%	-0.79%	-0.87%	-1.59%	-1.37%
Common Equity to Total Capital	94.25%	95.22%	93.42%	76.87%	42.57%	31.36%	25.15%	17.06%	34.91%	9.63%
Debt to EBITDA	0.17	0.12	0.17	0.22	0.90	1.07	1.29	1.49	1.02	3.00
Net Debt to EBITDA	-0.32	-0.33	-0.18	-0.34	-0.59	-0.42	-0.69	-0.20	-0.85	0.18
Long-Term Debt to EBITDA	0.17	0.12	0.17	0.22	0.85	1.01	1.22	1.41	1.02	3.00
Debt to NOPAT	0.07	0.05	0.06	0.59	2.37	2.62	4.00	6.81	-2.40	-1.55
Net Debt to NOPAT	-0.13	-0.15	-0.07	-0.90	-1.55	-1.04	-2.13	-0.92	1.99	-0.09
Long-Term Debt to NOPAT	0.07	0.05	0.06	0.59	2.23	2.47	3.78	6.43	-2.40	-1.55
Altman Z-Score	0.89	0.84	0.80	0.88	0.84	0.56	0.53	0.41	0.17	-0.07
Noncontrolling Interest Sharing Ratio	-1.44%	-1.07%	-1.52%	-5.10%	-4.38%	-4.48%	20.54%	7.44%	-16.11%	-25.95%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.51	0.49	0.45	0.48	0.75	0.69	0.71	0.64	0.44	0.39
Quick Ratio	0.33	0.32	0.27	0.31	0.59	0.56	0.57	0.50	0.32	0.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-39	-12	-5.62	-0.17	3.05	6.63	4.59	8.92	3.51
Operating Cash Flow to CapEx	105.36%	212.70%	66.83%	17.49%	103.87%	49.87%	319.45%	-19.84%	326.25%	-53.36%
Free Cash Flow to Firm to Interest Expense	-361.91	-241.95	-63.85	-2.05	-0.23	3.58	6.55	5.06	28.69	0.00
Operating Cash Flow to Interest Expense	54.12	56.85	17.44	0.25	6.65	2.91	12.54	-0.73	36.84	0.00
Operating Cash Flow Less CapEx to Interest Expense	2.75	30.12	-8.66	-1.19	0.25	-2.92	8.62	-4.38	25.55	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.79	1.85	1.87	2.02	1.98	1.97	1.92	1.91	1.81	1.74
Accounts Receivable Turnover	52.20	52.58	55.35	61.93	68.35	59.93	61.55	65.53	72.59	61.87
Inventory Turnover	68.68	73.38	76.80	76.60	75.46	78.28	80.01	82.08	72.70	76.88
Fixed Asset Turnover	9.68	10.08	10.58	10.99	10.97	10.82	10.84	10.53	9.59	8.94
Accounts Payable Turnover	25.60	30.26	27.88	26.67	27.44	29.56	30.71	28.60	28.84	33.56
Days Sales Outstanding (DSO)	6.99	6.94	6.59	5.89	5.34	6.09	5.93	5.57	5.03	5.90
Days Inventory Outstanding (DIO)	5.31	4.97	4.75	4.77	4.84	4.66	4.56	4.45	5.02	4.75
Days Payable Outstanding (DPO)	14.26	12.06	13.09	13.68	13.30	12.35	11.89	12.76	12.66	10.87
Cash Conversion Cycle (CCC)	-1.95	-0.15	-1.74	-3.03	-3.13	-1.59	-1.39	-2.74	-2.61	-0.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	50	44	43	5.76	0.72	0.89	-4.70	0.06	-2.80	1.50
Invested Capital Turnover	18.19	20.87	24.68	166.39	-473.88	406.20	-155.96	195.09	3,182.91	120.45
Increase / (Decrease) in Invested Capital	49	43	48	5.70	3.52	-0.61	-3.21	-4.72	-5.88	-4.21
Enterprise Value (EV)	269	243	235	350	292	222	218	222	154	130
Market Capitalization	277	252	240	358	306	231	231	225	161	130
Book Value per Share	$1.95	$1.77	$1.62	$0.48	$0.50	$0.34	$0.26	$0.16	$0.16	$0.04
Tangible Book Value per Share	$1.77	$1.58	$1.44	$0.30	$0.31	$0.15	$0.07	($0.03)	($0.04)	($0.16)
Total Capital	62	56	52	19	35	32	30	27	13	11
Total Debt	4.00	3.00	4.00	5.00	20	22	22	23	8.55	10
Total Long-Term Debt	4.00	3.00	4.00	5.00	19	21	21	21	8.55	10
Net Debt	-7.66	-8.20	-4.32	-7.72	-13	-8.77	-12	-3.05	-7.07	0.59
Capital Expenditures (CapEx)	6.27	4.33	4.72	3.96	4.80	4.97	3.97	3.31	3.51	1.80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-44	-45	-43	-48	-51	-51	-55	-48	-54	-50
Debt-free Net Working Capital (DFNWC)	-32	-34	-35	-35	-17	-21	-21	-23	-38	-41
Net Working Capital (NWC)	-32	-34	-35	-35	-18	-22	-22	-24	-38	-41
Net Nonoperating Expense (NNE)	0.26	0.16	1.61	2.76	0.59	0.79	1.03	1.07	0.29	-9.84
Net Nonoperating Obligations (NNO)	-7.81	-8.20	-4.32	-7.89	-13	-8.77	-12	-4.30	-7.07	0.59
Total Depreciation and Amortization (D&A)	3.41	3.24	3.02	3.01	3.24	3.05	2.89	2.97	2.80	2.92
Debt-free, Cash-free Net Working Capital to Revenue	-9.45%	-9.49%	-9.04%	-9.88%	-10.28%	-10.60%	-11.35%	-10.21%	-11.95%	-11.60%
Debt-free Net Working Capital to Revenue	-6.92%	-7.12%	-7.29%	-7.25%	-3.41%	-4.23%	-4.25%	-4.79%	-8.50%	-9.41%
Net Working Capital to Revenue	-6.92%	-7.12%	-7.29%	-7.25%	-3.66%	-4.49%	-4.51%	-5.05%	-8.50%	-9.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.16	$0.12	$1.16	($0.09)	$0.10	$0.05	$0.08	($0.05)	$0.10	$0.31
Adjusted Weighted Average Basic Shares Outstanding	29.84M	29.94M	29.93M	29.55M	29.20M	29.32M	29.20M	28.91M	28.63M	28.73M
Adjusted Diluted Earnings per Share	$0.15	$0.12	$1.13	($0.09)	$0.10	$0.05	$0.07	($0.05)	$0.10	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	30.72M	30.38M	30.71M	29.55M	30.09M	30.03M	30.09M	28.91M	29.07M	28.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.88M	29.94M	29.95M	29.84M	29.60M	29.36M	29.32M	29.15M	28.92M	28.81M
Normalized Net Operating Profit after Tax (NOPAT)	1.75	4.68	3.05	0.60	4.28	2.92	2.82	0.61	3.77	0.64
Normalized NOPAT Margin	1.50%	4.06%	2.55%	0.54%	3.40%	2.42%	2.23%	0.52%	3.14%	0.54%
Pre Tax Income Margin	2.04%	3.55%	3.29%	-2.36%	2.76%	1.47%	1.84%	-0.93%	2.44%	7.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.52	26.25	22.76	0.04	5.63	3.08	3.31	-0.21	10.43	0.00
NOPAT to Interest Expense	43.14	26.18	201.80	0.03	4.46	2.86	3.38	-0.15	9.79	0.00
EBIT Less CapEx to Interest Expense	-30.85	-0.48	-3.34	-1.40	-0.77	-2.74	-0.62	-3.87	-0.87	0.00
NOPAT Less CapEx to Interest Expense	-8.23	-0.55	175.70	-1.42	-1.94	-2.97	-0.55	-3.80	-1.50	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.85%	2.53%	2.29%	21.45%	15.31%	12.76%	4.72%	4.45%	10.08%	-105.79%
Augmented Payout Ratio	6.23%	2.53%	2.29%	21.45%	15.31%	12.76%	4.72%	4.45%	10.08%	-105.79%

Frequently Asked Questions About Potbelly's Financials

When does Potbelly's financial year end?

According to the most recent income statement we have on file, Potbelly's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has Potbelly's net income changed over the last 2 years?

Potbelly's net income appears to be on an upward trend, with a most recent value of $41.33 million in 2024, rising from $4.71 million in 2022. The previous period was $5.58 million in 2023. See where experts think Potbelly is headed by visiting Potbelly's forecast page.

What is Potbelly's operating income?

Potbelly's total operating income in 2024 was $10.99 million, based on the following breakdown:

Total Gross Profit: $213.30 million
Total Operating Expenses: $202.31 million

How has Potbelly revenue changed over the last 2 years?

Over the last 2 years, Potbelly's total revenue changed from $451.97 million in 2022 to $462.60 million in 2024, a change of 2.4%.

How much debt does Potbelly have?

Potbelly's total liabilities were at $205.20 million at the end of 2024, a 13.9% decrease from 2023, and a 14.8% decrease since 2022.

How much cash does Potbelly have?

In the past 2 years, Potbelly's cash and equivalents has ranged from $11.66 million in 2024 to $33.79 million in 2023, and is currently $11.66 million as of their latest financial filing in 2024.

How has Potbelly's book value per share changed over the last 2 years?

Over the last 2 years, Potbelly's book value per share changed from 0.16 in 2022 to 1.95 in 2024, a change of 1,155.0%.

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This page (NASDAQ:PBPB) was last updated on 5/27/2025 by MarketBeat.com Staff

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