Papa John's International (PZZA) Financials

$48.98 -0.12 (-0.24%)

Closing price 06/18/2025 04:00 PM Eastern

Extended Trading

$49.02 +0.04 (+0.08%)

As of 06/18/2025 07:58 PM Eastern

Annual Income Statements for Papa John's International

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/28/2014	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024
Net Income / (Loss) Attributable to Common Shareholders	73	75	103	103	2.47	-7.63	42	4.07	67	82	83
Consolidated Net Income / (Loss)	78	82	109	107	4.07	5.66	61	125	69	83	84
Net Income / (Loss) Continuing Operations	78	82	109	107	4.07	5.66	61	125	69	83	84
Total Pre-Tax Income	114	119	159	140	6.70	5.05	75	151	84	104	114
Total Operating Income	118	136	165	151	32	25	90	168	109	147	157
Total Gross Profit	306	1,637	353	347	272	291	344	429	544	577	581
Total Revenue	1,598	1,637	1,714	1,783	1,663	1,619	1,813	2,068	2,102	2,136	2,059
Operating Revenue	1,598	1,637	1,714	1,783	1,663	1,619	1,813	2,068	2,102	2,136	2,059
Total Cost of Revenue	1,292	0.00	1,360	1,436	1,391	1,329	1,469	1,639	1,558	1,558	1,478
Operating Cost of Revenue	1,292	-	1,360	1,436	1,391	1,329	1,469	1,639	1,558	1,558	1,478
Total Operating Expenses	189	1,501	189	196	240	266	254	261	435	430	424
Selling, General & Admin Expense	148	164	158	151	194	223	204	212	215	208	191
Marketing Expense	-	-	-	-	-	-	-	-	156	158	164
Depreciation Expense	40	40	41	44	46	47	50	49	52	64	69
Impairment Charge	0.98	0.00	-10	1.67	-	-	0.00	0.00	12	0.00	0.00
Total Other Income / (Expense), net	-3.38	-17	-5.71	-11	-25	-19	-15	-17	-25	-43	-43
Interest & Investment Income	0.70	0.79	-6.61	0.61	0.82	1.10	-15	-17	-25	-43	-43
Income Tax Expense	37	37	50	34	2.62	-0.61	15	26	14	21	30
Net Income / (Loss) Attributable to Noncontrolling Interest	4.43	6.61	6.13	3.24	1.60	0.79	4.82	4.94	1.58	0.70	0.71
Basic Earnings per Share	$1.78	$1.91	$2.76	$2.86	$0.08	($0.24)	$1.29	$0.12	$1.90	$2.49	$2.55
Weighted Average Basic Shares Outstanding	40.96M	39.46M	37.25M	36.08M	32.08M	31.63M	32.42M	35.01M	35.50M	32.93M	32.72M
Diluted Earnings per Share	$1.75	$1.89	$2.74	$2.83	$0.08	($0.24)	$1.28	$0.12	$1.89	$2.48	$2.54
Weighted Average Diluted Shares Outstanding	41.72M	40M	37.61M	36.52M	32.30M	31.63M	32.72M	35.34M	35.72M	33.16M	32.82M
Weighted Average Basic & Diluted Shares Outstanding	39.78M	37.73M	37.30M	36.10M	31.64M	32.28M	-	36.02M	34.68M	32.77M	32.66M
Cash Dividends to Common per Share	$0.53	$0.63	$0.75	$0.85	$0.90	$0.90	$0.90	$1.15	$1.54	$1.76	$1.84

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/25/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025
Net Income / (Loss) Attributable to Common Shareholders	8.25	23	22	18	16	26	15	12	42	15	9.03
Consolidated Net Income / (Loss)	8.46	24	23	18	16	26	15	13	42	15	9.34
Net Income / (Loss) Continuing Operations	8.46	24	23	18	16	26	15	13	42	15	9.34
Total Pre-Tax Income	12	29	29	24	20	31	23	17	55	20	14
Total Operating Income	19	36	38	35	32	43	34	28	65	30	24
Total Gross Profit	92	253	527	101	523	-574	146	104	96	-133	152
Total Revenue	511	526	527	515	523	571	514	508	507	531	518
Operating Revenue	511	526	527	515	523	571	514	508	507	531	518
Total Cost of Revenue	419	273	0.00	414	0.00	1,145	368	404	411	663	366
Operating Cost of Revenue	419	273	-	414	-	-	368	404	411	-	366
Total Operating Expenses	72	217	489	66	491	-616	113	75	31	-162	128
Selling, General & Admin Expense	58	47	52	50	52	54	58	58	14	61	65
Marketing Expense	-	-	-	-	-	-	37	-	-	-	44
Depreciation Expense	13	14	15	16	16	17	18	18	17	17	18
Total Other Income / (Expense), net	-7.62	-7.29	-9.02	-11	-11	-12	-11	-11	-11	-9.99	-10
Interest & Investment Income	-7.62	-7.29	-9.02	-11	-11	-12	-11	-11	-11	-9.99	-10
Income Tax Expense	3.37	5.21	6.23	5.78	4.54	4.33	7.74	4.79	13	4.58	4.54
Net Income / (Loss) Attributable to Noncontrolling Interest	0.13	0.10	0.17	0.09	0.09	0.35	0.28	0.29	-0.02	0.16	0.12
Basic Earnings per Share	$0.23	$0.67	$0.66	$0.55	$0.49	$0.79	$0.45	$0.37	$1.28	$0.45	$0.28
Weighted Average Basic Shares Outstanding	35.26M	35.50M	34.16M	32.56M	32.56M	32.93M	32.64M	32.73M	32.75M	32.72M	32.78M
Diluted Earnings per Share	$0.23	$0.67	$0.65	$0.54	$0.48	$0.81	$0.44	$0.37	$1.27	$0.46	$0.27
Weighted Average Diluted Shares Outstanding	35.45M	35.72M	34.32M	32.65M	32.80M	33.16M	32.91M	32.85M	32.93M	32.82M	32.92M
Weighted Average Basic & Diluted Shares Outstanding	35.33M	34.68M	32.66M	32.74M	32.76M	32.77M	32.97M	32.63M	32.64M	32.66M	32.74M
Cash Dividends to Common per Share	$0.42	-	$0.42	$0.42	$0.46	-	$0.46	$0.46	$0.46	-	$0.46

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/28/2014	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024
Net Change in Cash & Equivalents	6.45	0.88	-5.44	6.78	5.37	-5.35	102	-60	-23	-6.79	-2.63
Net Cash From Operating Activities	123	170	150	135	92	62	186	185	118	193	107
Net Cash From Continuing Operating Activities	123	170	150	135	92	62	186	185	118	193	107
Net Income / (Loss) Continuing Operations	78	82	109	107	4.07	5.66	61	125	69	83	84
Consolidated Net Income / (Loss)	78	82	109	107	4.07	5.66	61	125	69	83	84
Depreciation Expense	40	40	41	44	46	47	50	49	52	64	69
Non-Cash Adjustments To Reconcile Net Income	15	15	3.65	15	23	23	14	17	52	23	-9.58
Changes in Operating Assets and Liabilities, net	-10	33	-3.47	-31	19	-14	62	-5.74	-56	23	-37
Net Cash From Investing Activities	-55	-39	-46	-56	-39	-33	-41	-64	-63	-75	-17
Net Cash From Continuing Investing Activities	-55	-39	-46	-56	-39	-33	-41	-64	-63	-75	-17
Purchase of Property, Plant & Equipment	-49	-39	-56	-53	-42	-38	-36	-69	-78	-77	-72
Acquisitions	-4.77	-0.92	-13	-0.02	-	0.00	0.00	-0.70	-1.22	-5.61	-0.13
Sale of Property, Plant & Equipment	4.25	5.18	8.57	4.19	-	-	-	0.00	14	3.46	49
Sale and/or Maturity of Investments	-	-	-	-	5.81	5.62	11	19	13	4.66	4.15
Other Investing Activities, net	-6.26	-4.24	-2.78	-8.07	-10	-14	-17	-13	-9.82	-1.00	2.09
Net Cash From Financing Activities	-61	-130	-109	-72	-48	-35	-43	-181	-76	-124	-92
Net Cash From Continuing Financing Activities	-61	-130	-109	-72	-48	-35	-43	-181	-76	-124	-92
Repayment of Debt	0.49	0.44	0.56	-7.52	-22	-16	-22	-348	0.66	0.03	0.15
Repurchase of Common Equity	-117	-120	-122	-210	-158	0.00	-2.70	-72	-125	-210	-2.08
Payment of Dividends	-25	-31	-34	-36	-33	-39	-45	-53	-56	-60	-61
Issuance of Debt	73	26	45	174	164	-240	0.00	480	115	159	-17
Other Financing Activities, net	6.88	-5.77	1.04	3.83	1.18	15	27	1.56	-11	-13	-11
Other Net Changes in Cash	-	-	-0.40	0.37	-0.19	0.05	-	-0.23	-2.01	-0.64	-0.24

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/25/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025
Net Change in Cash & Equivalents	-16	11	-0.67	-2.94	-6.28	3.10	-13	-3.46	-6.76	20	6.06
Net Cash From Operating Activities	31	41	41	53	33	66	12	30	14	51	31
Net Cash From Continuing Operating Activities	31	41	41	53	33	66	12	30	14	51	31
Net Income / (Loss) Continuing Operations	8.46	24	23	18	16	26	15	13	42	15	9.34
Consolidated Net Income / (Loss)	8.46	24	23	18	16	26	15	13	42	15	9.34
Depreciation Expense	13	14	15	16	16	17	18	18	17	17	18
Non-Cash Adjustments To Reconcile Net Income	11	7.63	4.91	3.73	2.10	13	8.78	13	-37	5.57	12
Changes in Operating Assets and Liabilities, net	-1.51	-4.12	-1.39	16	-1.25	9.68	-29	-13	-8.55	13	-8.09
Net Cash From Investing Activities	-18	-33	-18	-17	-22	-17	-10	-14	31	-25	-7.08
Net Cash From Continuing Investing Activities	-18	-33	-18	-17	-22	-17	-10	-14	31	-25	-7.08
Purchase of Property, Plant & Equipment	-18	-30	-18	-16	-16	-26	-13	-16	-18	-26	-12
Sale and/or Maturity of Investments	1.38	4.92	1.07	2.16	2.54	-1.10	3.16	0.91	1.35	1.00	5.72
Other Investing Activities, net	-1.31	-7.64	-0.93	-3.26	-2.72	5.91	-0.26	0.01	0.19	-0.13	-0.57
Net Cash From Financing Activities	-29	2.98	-23	-38	-18	-45	-15	-20	-52	-5.09	-19
Net Cash From Continuing Financing Activities	-29	2.98	-23	-38	-18	-45	-15	-20	-52	-5.09	-19
Repayment of Debt	-4.83	4.14	-0.02	0.12	0.05	-0.12	0.18	0.18	-0.08	-0.13	-2.70
Payment of Dividends	-15	-15	-15	-14	-15	-15	-15	-15	-15	-15	-16
Issuance of Debt	12	48	208	-22	-0.74	-27	5.30	-2.28	-35	14	3.16
Other Financing Activities, net	-1.08	-4.23	-7.13	-1.97	-1.34	-2.55	-4.79	-2.41	-2.07	-1.83	-3.51
Effect of Exchange Rate Changes	-	-	0.03	-	-	-	-0.05	0.08	0.19	-	0.37

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/28/2014	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024
Total Assets	505	494	513	556	596	731	873	886	864	875	889
Total Current Assets	148	153	146	170	196	182	306	255	251	231	231
Cash & Equivalents	20	21	16	22	33	28	130	71	47	41	38
Note & Lease Receivable	6.11	7.82	3.42	4.33	5.50	7.79	11	12	6.85	5.20	4.93
Accounts Receivable	56	63	60	65	78	70	90	81	103	104	102
Inventories, net	27	22	25	31	27	28	30	35	41	36	35
Prepaid Expenses	19	20	24	29	36	44	43	46	44	42	49
Current Deferred & Refundable Income Taxes	9.53	0.27	2.37	3.90	16	4.02	1.27	9.39	8.78	2.58	2.21
Plant, Property, & Equipment, net	219	214	230	234	227	212	201	224	250	283	273
Total Noncurrent Assets	137	127	137	151	173	337	365	407	363	361	385
Noncurrent Note & Lease Receivables	13	11	10	16	23	42	53	56	46	44	38
Goodwill	82	80	86	87	85	80	81	81	71	76	75
Other Noncurrent Operating Assets	39	34	40	48	64	213	220	265	247	241	272
Total Liabilities & Shareholders' Equity	505	494	513	556	596	731	873	886	864	875	889
Total Liabilities	397	443	494	655	894	790	881	1,053	1,134	1,318	1,302
Total Current Liabilities	107	133	128	133	189	208	289	287	265	305	278
Accounts Payable	39	43	43	32	27	29	37	28	62	75	62
Accrued Expenses	58	81	77	70	129	109	175	190	143	158	156
Current Deferred Revenue	-	-	-	0.00	6.02	18	20	22	21	20	16
Current Deferred & Payable Income Tax Liabilities	9.64	8.53	8.54	11	6.59	7.60	10	20	8.77	18	12
Other Current Liabilities	-	-	-	-	0.00	25	27	28	30	33	33
Total Noncurrent Liabilities	291	311	366	522	706	583	592	765	869	1,013	1,024
Long-Term Debt	230	255	300	447	601	347	328	481	597	757	742
Noncurrent Deferred Revenue	4.26	3.19	3.31	2.65	17	15	14	14	23	20	21
Other Noncurrent Operating Liabilities	42	48	53	60	79	218	250	270	248	235	261
Redeemable Noncontrolling Interest	8.56	8.36	8.46	6.74	5.46	257	258	5.50	1.22	0.85	0.90
Total Equity & Noncontrolling Interests	99	42	9.80	-106	-304	-317	-267	-172	-271	-444	-414
Total Preferred & Common Equity	86	29	-3.91	-122	-319	-332	-282	-188	-286	-459	-430
Total Common Equity	86	29	-3.91	-122	-319	-332	-282	-188	-286	-459	-430
Common Stock	148	159	173	185	193	219	255	446	450	453	453
Retained Earnings	93	144	219	292	242	206	219	183	196	219	242
Treasury Stock	-156	-272	-390	-597	-752	-747	-742	-806	-922	-1,123	-1,116
Accumulated Other Comprehensive Income / (Loss)	0.67	-1.84	-5.89	-2.12	-3.14	-10	-14	-9.97	-10	-7.80	-8.46
Noncontrolling Interest	12	13	14	16	15	16	15	15	16	15	15

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

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	6/26/2022	9/25/2022	3/26/2023	6/25/2023	9/24/2023	3/31/2024	6/30/2024	9/29/2024	3/30/2025
Total Assets	836	830	865	874	878	847	838	861	898
Total Current Assets	240	240	247	242	247	226	226	216	242
Cash & Equivalents	52	37	47	44	37	28	24	18	44
Note & Lease Receivable	8.33	7.56	7.21	4.85	5.17	5.80	4.58	5.73	4.98
Accounts Receivable	87	96	100	94	110	95	93	102	100
Inventories, net	38	42	37	38	38	38	38	36	37
Prepaid Expenses	50	47	50	56	52	58	59	52	53
Current Deferred & Refundable Income Taxes	4.02	11	5.96	2.10	1.16	1.91	2.77	2.41	2.80
Plant, Property, & Equipment, net	225	231	253	264	268	273	266	267	272
Total Noncurrent Assets	371	359	365	367	363	348	347	379	384
Noncurrent Note & Lease Receivables	38	40	49	50	49	42	39	33	49
Goodwill	71	69	71	77	76	76	76	76	76
Other Noncurrent Operating Assets	253	245	244	240	237	230	233	269	259
Total Liabilities & Shareholders' Equity	836	830	865	874	878	847	838	861	898
Total Liabilities	1,069	1,087	1,339	1,338	1,337	1,293	1,284	1,276	1,314
Total Current Liabilities	250	264	273	297	301	283	275	271	283
Accounts Payable	41	44	69	55	68	61	64	63	69
Accrued Expenses	146	153	135	163	154	143	150	139	149
Current Deferred Revenue	20	20	21	20	20	21	20	20	14
Current Deferred & Payable Income Tax Liabilities	17	18	8.18	8.15	9.74	22	6.81	10	15
Other Current Liabilities	27	28	32	35	35	33	33	33	36
Total Noncurrent Liabilities	818	823	1,066	1,041	1,035	1,010	1,008	1,005	1,031
Long-Term Debt	536	549	797	769	769	761	759	721	742
Noncurrent Deferred Revenue	24	23	22	22	21	19	19	19	20
Other Noncurrent Operating Liabilities	258	251	246	251	245	230	231	265	269
Redeemable Noncontrolling Interest	1.17	1.21	1.26	1.02	0.91	0.94	0.98	0.94	0.87
Total Equity & Noncontrolling Interests	-234	-259	-475	-465	-460	-446	-446	-416	-417
Total Preferred & Common Equity	-250	-274	-491	-481	-475	-462	-462	-431	-432
Total Common Equity	-250	-274	-491	-481	-475	-462	-462	-431	-432
Common Stock	443	445	444	446	448	445	447	450	450
Retained Earnings	194	187	204	207	208	219	216	242	236
Treasury Stock	-875	-893	-1,130	-1,128	-1,124	-1,118	-1,117	-1,116	-1,110
Accumulated Other Comprehensive Income / (Loss)	-11	-14	-8.77	-7.29	-7.92	-7.55	-7.36	-6.58	-7.54
Noncontrolling Interest	16	16	16	16	15	15	16	15	15

This table displays calculated financial ratios and metrics derived from Papa John's International's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/28/2014	12/27/2015	12/25/2016	12/31/2017	12/30/2018	12/29/2019	12/27/2020	12/26/2021	12/25/2022	12/31/2023	12/29/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.77%	2.45%	4.66%	4.07%	-6.76%	-2.62%	11.98%	14.07%	1.63%	1.60%	-3.57%
EBITDA Growth	11.29%	4.28%	25.60%	-5.68%	-59.96%	-7.88%	94.88%	55.09%	-25.80%	31.15%	7.04%
EBIT Growth	10.45%	5.44%	33.37%	-8.71%	-79.11%	-22.24%	267.85%	86.41%	-35.19%	34.96%	6.50%
NOPAT Growth	9.20%	17.22%	20.53%	1.43%	-83.26%	43.33%	163.91%	91.86%	-35.19%	30.19%	-1.62%
Net Income Growth	6.46%	5.49%	33.10%	-2.35%	-96.18%	38.89%	971.49%	106.15%	-44.50%	19.39%	1.69%
EPS Growth	12.90%	8.00%	44.97%	3.28%	-97.17%	-400.00%	633.33%	-90.63%	1,475.00%	31.22%	2.42%
Operating Cash Flow Growth	20.99%	39.00%	-11.85%	-10.17%	-31.50%	-33.21%	201.93%	-0.95%	-36.21%	63.87%	-44.77%
Free Cash Flow Firm Growth	18.97%	162.31%	-32.21%	-21.86%	-4.56%	-45.89%	283.70%	-25.98%	-49.66%	132.63%	-19.72%
Invested Capital Growth	9.73%	-13.28%	7.57%	14.38%	-14.62%	-3.35%	-25.07%	16.05%	15.25%	-2.20%	5.95%
Revenue Q/Q Growth	-10.26%	8.85%	1.35%	1.59%	-4.04%	1.25%	2.97%	2.94%	-0.13%	2.16%	-1.93%
EBITDA Q/Q Growth	3.93%	-3.66%	6.73%	-6.72%	-35.95%	12.23%	16.59%	9.14%	0.06%	4.76%	-5.61%
EBIT Q/Q Growth	4.40%	-4.24%	7.88%	-8.93%	-58.20%	41.49%	28.16%	12.33%	-1.74%	4.50%	-7.68%
NOPAT Q/Q Growth	3.84%	4.47%	7.29%	-1.81%	-70.32%	126.60%	23.03%	11.27%	-0.58%	6.13%	-10.77%
Net Income Q/Q Growth	3.49%	5.03%	7.91%	-4.74%	-91.20%	196.04%	32.74%	10.89%	-2.55%	3.39%	-12.00%
EPS Q/Q Growth	-49.28%	270.59%	7.03%	-2.08%	-93.65%	45.45%	58.02%	130.77%	-6.90%	5.98%	-12.11%
Operating Cash Flow Q/Q Growth	10.13%	8.20%	-12.73%	-6.08%	-26.09%	65.01%	3.41%	-12.69%	74.26%	14.78%	-12.60%
Free Cash Flow Firm Q/Q Growth	31.53%	0.30%	-6.94%	-16.53%	-26.79%	54.29%	5.49%	-24.26%	239.74%	52.04%	-16.47%
Invested Capital Q/Q Growth	-0.87%	0.30%	5.47%	8.84%	2.55%	3.51%	8.07%	35.40%	10.02%	-3.53%	-1.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.17%	100.00%	20.62%	19.47%	16.34%	17.94%	18.98%	20.76%	25.90%	27.03%	28.21%
EBITDA Margin	9.86%	10.04%	12.05%	10.92%	4.69%	4.44%	7.72%	10.49%	7.66%	9.89%	10.98%
Operating Margin	7.36%	8.32%	9.60%	8.47%	1.90%	1.52%	4.98%	8.13%	5.19%	6.89%	7.61%
EBIT Margin	7.36%	7.57%	9.65%	8.47%	1.90%	1.52%	4.98%	8.13%	5.19%	6.89%	7.61%
Profit (Net Income) Margin	4.86%	5.01%	6.37%	5.97%	0.24%	0.35%	3.34%	6.04%	3.30%	3.88%	4.09%
Tax Burden Percent	68.00%	68.79%	68.69%	75.90%	60.82%	112.11%	80.43%	82.78%	82.79%	79.87%	73.78%
Interest Burden Percent	97.13%	96.06%	96.00%	92.93%	21.22%	20.57%	83.50%	89.72%	76.83%	70.46%	72.83%
Effective Tax Rate	32.00%	31.21%	31.31%	24.10%	39.18%	-12.11%	19.57%	17.22%	17.21%	20.13%	26.22%
Return on Invested Capital (ROIC)	26.35%	31.62%	39.54%	36.10%	6.11%	9.67%	29.68%	61.53%	34.49%	42.40%	40.96%
ROIC Less NNEP Spread (ROIC-NNEP)	25.06%	26.20%	37.98%	33.83%	3.16%	4.96%	25.38%	56.97%	30.13%	36.92%	36.54%
Return on Net Nonoperating Assets (RNNOA)	35.19%	72.23%	277.45%	-299.27%	-8.16%	-12.83%	-207.17%	-203.91%	-66.27%	-65.65%	-60.63%
Return on Equity (ROE)	61.55%	103.86%	316.99%	-263.17%	-2.05%	-3.16%	-177.49%	-142.38%	-31.78%	-23.25%	-19.67%
Cash Return on Invested Capital (CROIC)	17.08%	45.85%	32.24%	22.68%	21.88%	13.07%	58.35%	46.67%	20.32%	44.63%	35.18%
Operating Return on Assets (OROA)	24.28%	24.84%	32.87%	28.28%	5.48%	3.70%	11.26%	19.13%	12.46%	16.92%	17.77%
Return on Assets (ROA)	16.04%	16.42%	21.67%	19.95%	0.71%	0.85%	7.56%	14.21%	7.93%	9.52%	9.55%
Return on Common Equity (ROCE)	54.58%	75.94%	116.38%	-408.39%	-2.27%	-5.74%	-1,596.82%	-381.13%	-34.52%	-24.34%	-20.42%
Return on Equity Simple (ROE_SIMPLE)	90.10%	280.88%	-2,789.36%	-87.52%	-1.28%	-1.70%	-21.48%	-66.58%	-24.21%	-18.04%	-19.60%
Net Operating Profit after Tax (NOPAT)	80	94	113	115	19	28	73	139	90	118	116
NOPAT Margin	5.01%	5.73%	6.60%	6.43%	1.15%	1.70%	4.00%	6.73%	4.29%	5.50%	5.61%
Net Nonoperating Expense Percent (NNEP)	1.29%	5.43%	1.56%	2.26%	2.95%	4.71%	4.30%	4.56%	4.36%	5.48%	4.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	27.65%	37.45%	35.31%
Cost of Revenue to Revenue	80.83%	0.00%	79.38%	80.53%	83.66%	82.06%	81.02%	79.24%	74.10%	72.97%	71.79%
SG&A Expenses to Revenue	9.25%	9.99%	9.23%	8.46%	11.64%	13.80%	11.26%	10.26%	10.24%	9.74%	9.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.81%	91.68%	11.02%	11.00%	14.45%	16.43%	14.01%	12.62%	20.71%	20.14%	20.60%
Earnings before Interest and Taxes (EBIT)	118	124	165	151	32	25	90	168	109	147	157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	158	164	206	195	78	72	140	217	161	211	226
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	22.08	63.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	450.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.19	1.13	1.63	0.97	0.69	1.16	1.47	2.17	1.32	1.12	0.62
Price to Earnings (P/E)	26.13	24.64	27.14	16.77	462.14	0.00	63.80	1,103.77	41.07	29.02	15.29
Dividend Yield	1.12%	1.32%	0.99%	1.72%	2.48%	1.53%	1.11%	0.93%	2.50%	2.42%	4.71%
Earnings Yield	3.83%	4.06%	3.68%	5.96%	0.22%	0.00%	1.57%	0.09%	2.43%	3.45%	6.54%
Enterprise Value to Invested Capital (EV/IC)	6.72	7.68	10.47	6.49	6.06	8.91	15.06	20.26	11.89	11.37	6.87
Enterprise Value to Revenue (EV/Rev)	1.34	1.29	1.81	1.23	1.05	1.54	1.74	2.38	1.59	1.46	0.97
Enterprise Value to EBITDA (EV/EBITDA)	13.55	12.86	15.02	11.30	22.47	34.70	22.54	22.70	20.70	14.75	8.82
Enterprise Value to EBIT (EV/EBIT)	18.15	17.04	18.75	14.56	55.52	101.56	34.95	29.28	30.57	21.17	12.72
Enterprise Value to NOPAT (EV/NOPAT)	26.69	22.54	27.44	19.18	91.29	90.59	43.46	35.37	36.93	26.51	17.25
Enterprise Value to Operating Cash Flow (EV/OCF)	17.41	12.40	20.64	16.29	18.95	40.35	16.92	26.68	28.30	16.14	18.70
Enterprise Value to Free Cash Flow (EV/FCFF)	41.19	15.55	33.65	30.54	25.49	66.99	22.11	46.64	62.69	25.19	20.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.15	5.05	16.42	-4.70	-2.08	-6.15	-40.67	-2.88	-2.22	-1.71	-1.79
Long-Term Debt to Equity	2.15	5.05	16.42	-4.50	-2.01	-5.81	-38.33	-2.88	-2.22	-1.71	-1.79
Financial Leverage	1.40	2.76	7.31	-8.85	-2.58	-2.59	-8.16	-3.58	-2.20	-1.78	-1.66
Leverage Ratio	3.84	6.33	14.62	-13.19	-2.89	-3.70	-23.48	-10.02	-4.01	-2.44	-2.06
Compound Leverage Factor	3.73	6.08	14.04	-12.26	-0.61	-0.76	-19.60	-8.99	-3.08	-1.72	-1.50
Debt to Total Capital	68.24%	83.46%	94.26%	127.01%	192.55%	119.42%	102.52%	153.21%	182.24%	240.71%	225.88%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	5.44%	6.20%	6.50%	5.89%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	68.24%	83.46%	94.26%	121.56%	186.35%	112.92%	96.63%	153.21%	182.24%	240.71%	225.88%
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%	0.00%
Noncontrolling Interests to Total Capital	6.23%	7.00%	6.97%	6.12%	6.41%	88.63%	80.54%	6.60%	5.17%	5.19%	4.94%
Common Equity to Total Capital	25.53%	9.55%	-1.23%	-33.13%	-98.96%	-108.05%	-83.06%	-59.81%	-87.42%	-145.90%	-130.82%
Debt to EBITDA	1.46	1.55	1.45	2.40	7.97	5.11	2.49	2.21	3.71	3.59	3.28
Net Debt to EBITDA	1.33	1.42	1.38	2.28	7.54	4.73	1.56	1.89	3.41	3.39	3.11
Long-Term Debt to EBITDA	1.46	1.55	1.45	2.29	7.71	4.84	2.35	2.21	3.71	3.59	3.28
Debt to NOPAT	2.88	2.72	2.65	4.07	32.37	13.35	4.80	3.45	6.61	6.45	6.42
Net Debt to NOPAT	2.63	2.50	2.52	3.88	30.63	12.34	3.00	2.94	6.09	6.10	6.09
Long-Term Debt to NOPAT	2.88	2.72	2.65	3.90	31.33	12.63	4.52	3.45	6.61	6.45	6.42
Altman Z-Score	7.17	7.11	8.44	6.51	4.32	4.10	4.61	5.77	4.61	4.33	3.80
Noncontrolling Interest Sharing Ratio	11.32%	26.88%	63.29%	-55.18%	-10.86%	-81.85%	-799.68%	-167.68%	-8.63%	-4.67%	-3.80%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.38	1.15	1.14	1.28	1.04	0.87	1.06	0.89	0.95	0.76	0.83
Quick Ratio	0.77	0.69	0.61	0.69	0.62	0.51	0.80	0.57	0.59	0.49	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	52	136	92	72	69	37	143	106	53	124	99
Operating Cash Flow to CapEx	276.19%	504.49%	319.80%	278.83%	219.98%	163.74%	522.94%	269.37%	181.79%	263.87%	454.37%
Free Cash Flow to Firm to Interest Expense	12.71	23.95	0.00	6.38	2.68	1.81	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	30.08	30.03	0.00	11.96	3.60	3.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	19.19	24.08	0.00	7.67	1.96	1.17	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	3.30	3.28	3.40	3.34	2.89	2.44	2.26	2.35	2.40	2.46	2.34
Accounts Receivable Turnover	29.26	27.43	27.86	28.69	23.30	21.80	22.58	24.12	22.86	20.66	20.00
Inventory Turnover	51.23	0.00	58.26	51.52	48.12	48.55	50.84	50.24	40.80	40.21	41.43
Fixed Asset Turnover	7.41	7.55	7.71	7.67	7.21	7.38	8.79	9.74	8.88	8.02	7.41
Accounts Payable Turnover	34.69	0.00	31.56	38.45	47.07	47.25	44.17	50.08	34.46	22.71	21.62
Days Sales Outstanding (DSO)	12.48	13.30	13.10	12.72	15.67	16.75	16.16	15.13	15.97	17.67	18.25
Days Inventory Outstanding (DIO)	7.12	0.00	6.27	7.08	7.59	7.52	7.18	7.26	8.95	9.08	8.81
Days Payable Outstanding (DPO)	10.52	0.00	11.56	9.49	7.76	7.73	8.26	7.29	10.59	16.07	16.89
Cash Conversion Cycle (CCC)	9.08	13.30	7.80	10.32	15.50	16.54	15.08	15.11	14.32	10.67	10.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	318	275	296	339	289	280	210	243	280	274	290
Invested Capital Turnover	5.27	5.52	6.00	5.62	5.29	5.69	7.41	9.14	8.03	7.71	7.30
Increase / (Decrease) in Invested Capital	28	-42	21	43	-50	-9.69	-70	34	37	-6.18	16
Enterprise Value (EV)	2,135	2,114	3,101	2,199	1,752	2,492	3,155	4,926	3,333	3,115	1,994
Market Capitalization	1,904	1,858	2,795	1,732	1,143	1,880	2,663	4,496	2,767	2,382	1,274
Book Value per Share	$2.15	$0.75	($0.11)	($3.47)	($10.12)	($10.40)	($8.56)	($5.16)	($8.11)	($14.02)	($13.16)
Tangible Book Value per Share	$0.11	($1.29)	($2.42)	($5.95)	($12.80)	($12.92)	($11.02)	($7.38)	($10.11)	($16.34)	($15.47)
Total Capital	338	306	318	367	323	308	340	314	328	315	328
Total Debt	230	255	300	467	621	367	348	481	597	757	742
Total Long-Term Debt	230	255	300	447	601	347	328	481	597	757	742
Net Debt	210	234	284	444	588	339	218	410	550	717	704
Capital Expenditures (CapEx)	44	34	47	48	42	38	36	69	65	73	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	-1.35	1.98	35	-5.87	-34	-93	-103	-61	-114	-85
Debt-free Net Working Capital (DFNWC)	41	20	18	57	27	-6.40	38	-32	-14	-74	-47
Net Working Capital (NWC)	41	20	18	37	7.38	-26	18	-32	-14	-74	-47
Net Nonoperating Expense (NNE)	2.30	12	3.93	8.10	15	22	12	14	21	35	31
Net Nonoperating Obligations (NNO)	210	225	278	438	588	339	218	410	550	717	704
Total Depreciation and Amortization (D&A)	40	40	41	44	46	47	50	49	52	64	69
Debt-free, Cash-free Net Working Capital to Revenue	1.31%	-0.08%	0.12%	1.95%	-0.35%	-2.12%	-5.11%	-4.98%	-2.93%	-5.35%	-4.14%
Debt-free Net Working Capital to Revenue	2.57%	1.20%	1.02%	3.20%	1.65%	-0.40%	2.07%	-1.57%	-0.67%	-3.45%	-2.30%
Net Working Capital to Revenue	2.57%	1.20%	1.02%	2.08%	0.44%	-1.63%	0.97%	-1.57%	-0.67%	-3.45%	-2.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$1.91	$2.76	$2.86	$0.00	($0.24)	$0.00	$0.00	$1.90	$2.49	$2.55
Adjusted Weighted Average Basic Shares Outstanding	40.96M	39.46M	37.25M	36.08M	0.00	31.63M	0.00	0.00	35.50M	32.93M	32.72M
Adjusted Diluted Earnings per Share	$1.75	$1.89	$2.74	$2.83	$0.00	($0.24)	$0.00	$0.00	$1.89	$2.48	$2.54
Adjusted Weighted Average Diluted Shares Outstanding	41.72M	40M	37.61M	36.52M	0.00	31.63M	0.00	0.00	35.72M	33.16M	32.82M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.78M	37.73M	36.76M	33.54M	0.00	32.28M	0.00	0.00	34.68M	32.77M	32.66M
Normalized Net Operating Profit after Tax (NOPAT)	81	94	106	116	19	17	73	139	100	118	116
Normalized NOPAT Margin	5.05%	5.73%	6.19%	6.50%	1.15%	1.06%	4.00%	6.73%	4.77%	5.50%	5.61%
Pre Tax Income Margin	7.15%	7.28%	9.27%	7.87%	0.40%	0.31%	4.16%	7.30%	3.99%	4.85%	5.54%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.85	21.85	0.00	13.38	1.23	1.19	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	19.62	16.52	0.00	10.16	0.75	1.34	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	17.96	15.90	0.00	9.09	-0.41	-0.64	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	8.73	10.57	0.00	5.87	-0.89	-0.50	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.58%	38.30%	30.71%	33.95%	816.45%	697.22%	74.95%	42.17%	80.72%	72.19%	72.91%
Augmented Payout Ratio	182.68%	184.46%	142.90%	230.70%	4,696.86%	697.22%	79.41%	100.19%	260.97%	326.23%	75.38%

This table displays calculated financial ratios and metrics derived from Papa John's International's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/25/2022	12/25/2022	3/26/2023	6/25/2023	9/24/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024	3/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.44%	-0.50%	-2.88%	-1.56%	2.41%	8.57%	-2.49%	-1.29%	-3.06%	-7.10%	0.85%
EBITDA Growth	-34.47%	0.20%	99.12%	-2.01%	47.18%	19.09%	-2.14%	-9.45%	70.88%	-22.44%	-17.68%
EBIT Growth	-49.55%	-5.07%	161.84%	-10.26%	63.75%	17.49%	-10.79%	-19.15%	104.69%	-30.62%	-28.93%
NOPAT Growth	-59.14%	-2.03%	82.61%	-13.51%	78.29%	23.13%	-25.05%	-22.59%	101.23%	-38.20%	-27.36%
Net Income Growth	-72.29%	-7.10%	97.30%	-30.59%	88.46%	11.44%	-33.85%	-29.81%	161.98%	-43.43%	-37.35%
EPS Growth	-70.89%	-17.28%	124.14%	-22.86%	108.70%	20.90%	-32.31%	-31.48%	164.58%	-43.21%	-38.64%
Operating Cash Flow Growth	-52.79%	561.00%	60.62%	162.23%	7.21%	60.27%	-70.61%	-43.40%	-58.05%	-23.25%	161.42%
Free Cash Flow Firm Growth	-226.62%	-122.74%	36.98%	115.53%	92.55%	679.31%	201.28%	3.06%	960.29%	-85.28%	40.23%
Invested Capital Growth	41.84%	15.25%	19.52%	8.34%	11.53%	-2.20%	1.78%	5.45%	3.76%	5.95%	-2.72%
Revenue Q/Q Growth	-2.33%	3.08%	0.15%	-2.38%	1.61%	9.28%	-10.05%	-1.17%	-0.21%	4.73%	-2.35%
EBITDA Q/Q Growth	-36.48%	53.21%	4.51%	-3.65%	-4.60%	23.97%	-14.12%	-10.84%	80.03%	-43.74%	-8.84%
EBIT Q/Q Growth	-49.98%	86.17%	4.32%	-7.63%	-8.72%	33.57%	-20.79%	-16.29%	131.10%	-54.73%	-18.85%
NOPAT Q/Q Growth	-54.37%	113.51%	-0.32%	-10.93%	-5.95%	47.45%	-39.32%	-8.01%	144.51%	-54.72%	-28.67%
Net Income Q/Q Growth	-67.10%	180.34%	-4.98%	-20.79%	-10.68%	65.78%	-43.60%	-15.94%	233.34%	-64.20%	-37.54%
EPS Q/Q Growth	-67.14%	191.30%	-2.99%	-16.92%	-11.11%	68.75%	-45.68%	-15.91%	243.24%	-63.78%	-41.30%
Operating Cash Flow Q/Q Growth	53.38%	33.22%	-1.13%	29.81%	-37.29%	99.15%	-81.87%	150.02%	-53.53%	264.39%	-38.25%
Free Cash Flow Firm Q/Q Growth	-76.62%	87.94%	-129.05%	131.85%	-184.73%	1,037.37%	-59.96%	-67.59%	607.21%	-83.96%	281.43%
Invested Capital Q/Q Growth	1.20%	10.02%	1.62%	-4.25%	4.18%	-3.53%	5.76%	-0.80%	2.51%	-1.49%	-2.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	17.95%	48.07%	100.00%	19.62%	100.00%	-100.38%	28.46%	20.39%	18.95%	-24.97%	29.29%
EBITDA Margin	6.42%	9.55%	9.96%	9.83%	9.23%	10.47%	10.00%	9.02%	16.28%	8.74%	8.16%
Operating Margin	3.81%	6.88%	7.17%	6.79%	6.10%	7.45%	6.56%	5.56%	12.87%	5.56%	4.62%
EBIT Margin	3.81%	6.88%	7.17%	6.79%	6.10%	7.45%	6.56%	5.56%	12.87%	5.56%	4.62%
Profit (Net Income) Margin	1.66%	4.51%	4.28%	3.47%	3.05%	4.63%	2.90%	2.47%	8.25%	2.82%	1.80%
Tax Burden Percent	71.50%	82.00%	78.35%	75.56%	77.85%	85.93%	65.83%	72.34%	76.53%	76.55%	67.28%
Interest Burden Percent	60.83%	79.87%	76.13%	67.70%	64.30%	72.29%	67.19%	61.40%	83.71%	66.17%	57.94%
Effective Tax Rate	28.50%	18.00%	21.65%	24.44%	22.15%	14.07%	34.17%	27.66%	23.47%	23.45%	32.72%
Return on Invested Capital (ROIC)	26.42%	45.35%	44.83%	40.64%	36.82%	49.34%	31.91%	30.37%	71.47%	31.08%	22.45%
ROIC Less NNEP Spread (ROIC-NNEP)	25.09%	44.10%	43.65%	39.24%	35.41%	47.74%	30.93%	29.29%	70.35%	30.00%	21.51%
Return on Net Nonoperating Assets (RNNOA)	-53.25%	-96.99%	-77.36%	-68.76%	-62.05%	-84.89%	-50.26%	-47.34%	-116.96%	-49.78%	-35.79%
Return on Equity (ROE)	-26.84%	-51.65%	-32.54%	-28.13%	-25.22%	-35.55%	-18.36%	-16.97%	-45.49%	-18.71%	-13.33%
Cash Return on Invested Capital (CROIC)	7.21%	20.32%	22.00%	30.14%	30.20%	44.63%	36.60%	31.96%	41.07%	35.18%	41.11%
Operating Return on Assets (OROA)	9.33%	16.54%	17.10%	16.49%	14.93%	18.30%	16.27%	13.74%	31.09%	12.99%	10.94%
Return on Assets (ROA)	4.06%	10.83%	10.20%	8.44%	7.47%	11.37%	7.20%	6.10%	19.92%	6.58%	4.26%
Return on Common Equity (ROCE)	-29.59%	-56.10%	-34.37%	-29.48%	-26.39%	-37.21%	-19.02%	-17.59%	-47.18%	-19.42%	-13.83%
Return on Equity Simple (ROE_SIMPLE)	-25.95%	0.00%	-16.38%	-15.09%	-16.85%	0.00%	-16.28%	-15.13%	-22.20%	0.00%	-18.20%
Net Operating Profit after Tax (NOPAT)	14	30	30	26	25	37	22	20	50	23	16
NOPAT Margin	2.73%	5.65%	5.62%	5.13%	4.75%	6.40%	4.32%	4.02%	9.85%	4.26%	3.11%
Net Nonoperating Expense Percent (NNEP)	1.33%	1.25%	1.18%	1.39%	1.41%	1.60%	0.97%	1.07%	1.12%	1.08%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	-	9.10%	-	-	-	11.66%	7.01%	-	-	6.90%	4.96%
Cost of Revenue to Revenue	82.05%	51.93%	0.00%	80.38%	0.00%	200.38%	71.54%	79.62%	81.05%	124.97%	70.71%
SG&A Expenses to Revenue	11.35%	8.89%	9.86%	9.78%	9.98%	9.39%	11.26%	11.36%	2.67%	11.45%	12.57%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.14%	41.19%	92.83%	12.83%	93.90%	-107.83%	21.90%	14.83%	6.08%	-30.53%	24.67%
Earnings before Interest and Taxes (EBIT)	19	36	38	35	32	43	34	28	65	30	24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	50	53	51	48	60	51	46	82	46	42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.19	1.32	1.21	1.07	1.09	1.12	0.99	0.72	0.82	0.62	0.63
Price to Earnings (P/E)	34.90	41.07	31.93	31.02	28.60	29.02	28.18	22.28	18.22	15.29	16.74
Dividend Yield	2.07%	2.50%	2.78%	3.08%	3.08%	2.42%	2.82%	3.96%	3.48%	4.71%	4.62%
Earnings Yield	2.87%	2.43%	3.13%	3.22%	3.50%	3.45%	3.55%	4.49%	5.49%	6.54%	5.97%
Enterprise Value to Invested Capital (EV/IC)	11.92	11.89	11.62	10.95	10.68	11.37	9.82	7.95	8.32	6.87	7.15
Enterprise Value to Revenue (EV/Rev)	1.44	1.59	1.59	1.44	1.45	1.46	1.34	1.08	1.17	0.97	0.98
Enterprise Value to EBITDA (EV/EBITDA)	18.86	20.70	17.67	16.04	15.05	14.75	13.55	11.14	10.24	8.82	9.29
Enterprise Value to EBIT (EV/EBIT)	27.35	30.57	24.99	23.25	21.55	21.17	19.90	16.77	14.45	12.72	13.71
Enterprise Value to NOPAT (EV/NOPAT)	33.43	36.93	31.79	29.85	27.41	26.51	25.83	21.91	18.93	17.25	18.38
Enterprise Value to Operating Cash Flow (EV/OCF)	44.90	28.30	24.84	17.99	18.04	16.14	17.33	16.19	20.11	18.70	16.00
Enterprise Value to Free Cash Flow (EV/FCFF)	193.93	62.69	57.49	37.78	37.30	25.19	27.07	25.55	20.63	20.08	17.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.13	-2.22	-1.70	-1.69	-1.71	-1.71	-1.71	-1.71	-1.75	-1.79	-1.78
Long-Term Debt to Equity	-2.13	-2.22	-1.68	-1.66	-1.68	-1.71	-1.71	-1.70	-1.74	-1.79	-1.78
Financial Leverage	-2.12	-2.20	-1.77	-1.75	-1.75	-1.78	-1.62	-1.62	-1.66	-1.66	-1.66
Leverage Ratio	-4.44	-4.01	-2.59	-2.45	-2.38	-2.44	-1.86	-1.88	-1.99	-2.06	-2.03
Compound Leverage Factor	-2.70	-3.20	-1.97	-1.66	-1.53	-1.77	-1.25	-1.16	-1.67	-1.36	-1.17
Debt to Total Capital	188.35%	182.24%	243.01%	245.19%	241.22%	240.71%	240.25%	240.84%	232.77%	225.88%	227.59%
Short-Term Debt to Total Capital	0.00%	0.00%	2.47%	4.85%	4.55%	0.00%	0.57%	0.75%	1.81%	0.00%	0.00%
Long-Term Debt to Total Capital	188.35%	182.24%	240.53%	240.34%	236.67%	240.71%	239.68%	240.09%	230.96%	225.88%	227.59%
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%	0.00%
Noncontrolling Interests to Total Capital	5.78%	5.17%	5.16%	5.18%	4.99%	5.19%	5.16%	5.22%	5.20%	4.94%	4.91%
Common Equity to Total Capital	-94.14%	-87.42%	-148.16%	-150.38%	-146.21%	-145.90%	-145.40%	-146.06%	-137.98%	-130.82%	-132.50%
Debt to EBITDA	3.41	3.71	4.30	4.21	3.89	3.59	3.63	3.71	3.04	3.28	3.42
Net Debt to EBITDA	3.18	3.41	4.05	3.98	3.70	3.39	3.50	3.59	2.96	3.11	3.22
Long-Term Debt to EBITDA	3.41	3.71	4.26	4.13	3.81	3.59	3.62	3.70	3.01	3.28	3.42
Debt to NOPAT	6.04	6.61	7.74	7.84	7.08	6.45	6.92	7.29	5.61	6.42	6.77
Net Debt to NOPAT	5.64	6.09	7.29	7.40	6.74	6.10	6.67	7.06	5.48	6.09	6.36
Long-Term Debt to NOPAT	6.04	6.61	7.66	7.69	6.95	6.45	6.91	7.27	5.57	6.42	6.77
Altman Z-Score	4.28	4.33	3.99	3.77	3.78	3.94	3.89	3.64	3.82	3.33	3.29
Noncontrolling Interest Sharing Ratio	-10.25%	-8.63%	-5.62%	-4.81%	-4.61%	-4.67%	-3.64%	-3.64%	-3.71%	-3.80%	-3.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	0.95	0.90	0.82	0.82	0.76	0.80	0.82	0.80	0.83	0.86
Quick Ratio	0.53	0.59	0.56	0.48	0.51	0.49	0.45	0.44	0.46	0.52	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-61	-7.38	-17	5.38	-4.56	43	17	5.55	39	6.29	24
Operating Cash Flow to CapEx	175.16%	137.67%	221.55%	323.85%	205.63%	257.12%	91.80%	186.18%	78.35%	198.60%	256.20%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.45	2.40	2.38	2.43	2.45	2.46	2.48	2.47	2.42	2.34	2.37
Accounts Receivable Turnover	24.00	22.86	23.03	22.87	20.34	20.66	21.83	22.54	19.86	20.00	21.23
Inventory Turnover	45.00	40.80	33.44	33.33	20.99	40.21	51.24	45.36	57.06	41.43	39.25
Fixed Asset Turnover	9.57	8.88	8.89	8.49	8.38	8.02	8.06	7.98	7.86	7.41	7.57
Accounts Payable Turnover	39.44	34.46	24.46	26.19	14.97	22.71	29.72	28.63	32.34	21.62	22.74
Days Sales Outstanding (DSO)	15.21	15.97	15.85	15.96	17.94	17.67	16.72	16.19	18.38	18.25	17.19
Days Inventory Outstanding (DIO)	8.11	8.95	10.92	10.95	17.39	9.08	7.12	8.05	6.40	8.81	9.30
Days Payable Outstanding (DPO)	9.25	10.59	14.93	13.94	24.37	16.07	12.28	12.75	11.28	16.89	16.05
Cash Conversion Cycle (CCC)	14.06	14.32	11.84	12.97	10.96	10.67	11.56	11.49	13.49	10.17	10.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	255	280	285	273	284	274	290	288	295	290	282
Invested Capital Turnover	9.69	8.03	7.98	7.93	7.76	7.71	7.39	7.55	7.26	7.30	7.22
Increase / (Decrease) in Invested Capital	75	37	47	21	29	-6.18	5.08	15	11	16	-7.89
Enterprise Value (EV)	3,035	3,333	3,308	2,986	3,035	3,115	2,847	2,287	2,453	1,994	2,015
Market Capitalization	2,506	2,767	2,532	2,228	2,272	2,382	2,095	1,534	1,727	1,274	1,301
Book Value per Share	($7.76)	($8.11)	($14.16)	($14.73)	($14.52)	($14.02)	($14.10)	($14.00)	($13.21)	($13.16)	($13.22)
Tangible Book Value per Share	($9.72)	($10.11)	($16.20)	($17.08)	($16.84)	($16.34)	($16.41)	($16.29)	($15.55)	($15.47)	($15.55)
Total Capital	291	328	332	320	325	315	318	316	312	328	326
Total Debt	549	597	806	784	784	757	763	761	727	742	742
Total Long-Term Debt	549	597	797	769	769	757	761	759	721	742	742
Net Debt	512	550	759	741	747	717	735	737	709	704	698
Capital Expenditures (CapEx)	18	30	18	16	16	26	13	16	18	26	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-61	-61	-65	-83	-77	-114	-83	-71	-67	-85	-85
Debt-free Net Working Capital (DFNWC)	-24	-14	-18	-39	-40	-74	-55	-47	-49	-47	-41
Net Working Capital (NWC)	-24	-14	-26	-55	-55	-74	-57	-49	-55	-47	-41
Net Nonoperating Expense (NNE)	5.45	5.98	7.07	8.52	8.86	10	7.28	7.88	8.13	7.65	6.78
Net Nonoperating Obligations (NNO)	512	550	759	737	743	717	735	733	709	704	698
Total Depreciation and Amortization (D&A)	13	14	15	16	16	17	18	18	17	17	18
Debt-free, Cash-free Net Working Capital to Revenue	-2.89%	-2.93%	-3.09%	-4.00%	-3.71%	-5.35%	-3.90%	-3.37%	-3.17%	-4.14%	-4.11%
Debt-free Net Working Capital to Revenue	-1.15%	-0.67%	-0.85%	-1.89%	-1.91%	-3.45%	-2.59%	-2.23%	-2.33%	-2.30%	-1.98%
Net Working Capital to Revenue	-1.15%	-0.67%	-1.25%	-2.64%	-2.62%	-3.45%	-2.67%	-2.34%	-2.60%	-2.30%	-1.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	$0.67	$0.66	$0.55	$0.49	$0.79	$0.45	$0.37	$1.28	$0.45	$0.28
Adjusted Weighted Average Basic Shares Outstanding	35.26M	35.50M	34.16M	32.56M	32.56M	32.93M	32.64M	32.73M	32.75M	32.72M	32.78M
Adjusted Diluted Earnings per Share	$0.23	$0.67	$0.65	$0.54	$0.48	$0.81	$0.44	$0.37	$1.27	$0.46	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	35.45M	35.72M	34.32M	32.65M	32.80M	33.16M	32.91M	32.85M	32.93M	32.82M	32.92M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.33M	34.68M	32.66M	32.74M	32.76M	32.77M	32.97M	32.63M	32.64M	32.66M	32.74M
Normalized Net Operating Profit after Tax (NOPAT)	15	30	30	26	25	37	22	20	50	23	16
Normalized NOPAT Margin	2.85%	5.65%	5.62%	5.13%	4.75%	6.40%	4.32%	4.02%	9.85%	4.26%	3.11%
Pre Tax Income Margin	2.32%	5.50%	5.46%	4.59%	3.92%	5.39%	4.41%	3.41%	10.77%	3.68%	2.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.79%	80.72%	71.22%	81.06%	73.96%	72.19%	80.41%	88.17%	64.26%	72.91%	78.34%
Augmented Payout Ratio	286.29%	260.97%	446.44%	439.04%	374.08%	326.23%	80.41%	88.17%	64.26%	75.38%	78.34%

Key Financial Trends

Papa John’s Q1 2025 results show a modest recovery in top‐line growth and solid cash flow generation, but continued pressure on earnings and margins. Here are the key takeaways from the last four quarters:

Revenue returned to growth in Q1 2025, rising 0.85% year-over-year after three consecutive quarterly declines.
Operating cash flow jumped to $31.3 M in Q1 2025 from $11.9 M in Q1 2024, a strong sequential and year-over-year improvement.
Free cash flow improved to $24.0 M in Q1 2025, up from $17.1 M a year ago, thanks to robust cash generation and slightly lower CapEx.
Net debt declined to $697.9 M in Q1 2025 versus $735.3 M in Q1 2024, and net debt/EBITDA improved to 3.22x from 4.05x, easing leverage pressure.
Gross margin remained stable at about 29.3% in Q1 2025, near the four-quarter average.
Capital expenditures in Q1 2025 were $12.2 M versus $13.1 M a year ago, indicating steady investment levels.
Net income fell 37% year-over-year to $9.3 M in Q1 2025 from $14.9 M, reflecting continued margin pressure.
Profit margin compressed to 1.8% in Q1 2025 from 2.9% in Q1 2024, and operating margin slipped to 4.6% from 6.6%.
Basic EPS dropped to $0.28 in Q1 2025 from $0.45 a year ago, a 38% decline.
Shareholders’ equity remains deeply negative (treasury stock more than offsets common equity), underscoring the capital structure risks.

06/19/25 05:32 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Papa John's International's Financials

When does Papa John's International's fiscal year end?

According to the most recent income statement we have on file, Papa John's International's financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Papa John's International's net income changed over the last 10 years?

The last 5 years of Papa John's International's net income performance:

2020: $60.61 million
2021: $124.96 million
2022: $69.35 million
2023: $82.80 million
2024: $84.20 million

Find out what analysts predict for Papa John's International in the coming months.

What is Papa John's International's operating income?

Papa John's International's total operating income in 2024 was $156.70 million, based on the following breakdown:

Total Gross Profit: $580.96 million
Total Operating Expenses: $424.26 million

How has Papa John's International's revenue changed over the last 10 years?

Over the last 10 years, Papa John's International's total revenue changed from $1.60 billion in 2014 to $2.06 billion in 2024, a change of 28.9%.

How much debt does Papa John's International have?

Papa John's International's total liabilities were at $1.30 billion at the end of 2024, a 1.2% decrease from 2023, and a 227.8% increase since 2014.

How much cash does Papa John's International have?

In the past 10 years, Papa John's International's cash and equivalents has ranged from $15.56 million in 2016 to $130.20 million in 2020, and is currently $37.96 million as of their latest financial filing in 2024.

How has Papa John's International's book value per share changed over the last 10 years?

Over the last 10 years, Papa John's International's book value per share changed from 2.15 in 2014 to -13.16 in 2024, a change of -712.8%.

Related Companies

This page (NASDAQ:PZZA) was last updated on 6/19/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Papa John's International (PZZA) Financials

Key Financial Trends

Frequently Asked Questions About Papa John's International's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Papa John's International (PZZA) Financials

Annual Income Statements for Papa John's International

Quarterly Income Statements for Papa John's International

Annual Cash Flow Statements for Papa John's International

Quarterly Cash Flow Statements for Papa John's International

Annual Balance Sheets for Papa John's International

Quarterly Balance Sheets for Papa John's International

Annual Metrics And Ratios for Papa John's International

Quarterly Metrics And Ratios for Papa John's International

Key Financial Trends

Frequently Asked Questions About Papa John's International's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools