Papa Johns International (PZZA) Financials

$43.59 -0.72 (-1.62%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$43.65 +0.06 (+0.14%)

As of 08:00 AM Eastern

Annual Income Statements for Papa Johns International

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	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	9.03	15	42	12	15	26	16	18	22	23	8.25
Consolidated Net Income / (Loss)	9.34	15	42	13	15	26	16	18	23	24	8.46
Net Income / (Loss) Continuing Operations	9.34	15	42	13	15	26	16	18	23	24	8.46
Total Pre-Tax Income	14	20	55	17	23	31	20	24	29	29	12
Total Operating Income	24	30	65	28	34	43	32	35	38	36	19
Total Gross Profit	152	-133	96	104	514	-574	523	101	527	253	92
Total Revenue	518	531	507	508	514	571	523	515	527	526	511
Operating Revenue	518	531	507	508	514	571	523	515	527	526	511
Total Cost of Revenue	366	663	411	404	0.00	1,145	0.00	414	0.00	273	419
Operating Cost of Revenue	366	-	411	404	-	-	-	414	-	273	419
Total Operating Expenses	128	-162	31	75	480	-616	491	66	489	217	72
Selling, General & Admin Expense	65	61	14	58	58	54	52	50	52	47	58
Marketing Expense	44	-	-	-	-	-	-	-	-	-	-
Depreciation Expense	18	17	17	18	18	17	16	16	15	14	13
Total Other Income / (Expense), net	-10	-9.99	-11	-11	-11	-12	-11	-11	-9.02	-7.29	-7.62
Interest & Investment Income	-10	-9.99	-11	-11	-11	-12	-11	-11	-9.02	-7.29	-7.62
Income Tax Expense	4.54	4.58	13	4.79	7.74	4.33	4.54	5.78	6.23	5.21	3.37
Net Income / (Loss) Attributable to Noncontrolling Interest	0.12	0.16	-0.02	0.29	0.28	0.35	0.09	0.09	0.17	0.10	0.13
Basic Earnings per Share	$0.28	$0.45	$1.28	$0.37	$0.45	$0.79	$0.49	$0.55	$0.66	$0.67	$0.23
Weighted Average Basic Shares Outstanding	32.78M	32.72M	32.75M	32.73M	32.64M	32.93M	32.56M	32.56M	34.16M	35.50M	35.26M
Diluted Earnings per Share	$0.27	$0.46	$1.27	$0.37	$0.44	$0.81	$0.48	$0.54	$0.65	$0.67	$0.23
Weighted Average Diluted Shares Outstanding	32.92M	32.82M	32.93M	32.85M	32.91M	33.16M	32.80M	32.65M	34.32M	35.72M	35.45M
Weighted Average Basic & Diluted Shares Outstanding	32.74M	32.66M	32.64M	32.63M	32.97M	32.77M	32.76M	32.74M	32.66M	34.68M	35.33M
Cash Dividends to Common per Share	$0.46	-	$0.46	$0.46	$0.46	-	$0.46	$0.42	$0.42	-	$0.42

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	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	6.06	20	-6.76	-3.46	-13	3.10	-6.28	-2.94	-0.67	11	-16
Net Cash From Operating Activities	31	51	14	30	12	66	33	53	41	41	31
Net Cash From Continuing Operating Activities	31	51	14	30	12	66	33	53	41	41	31
Net Income / (Loss) Continuing Operations	9.34	15	42	13	15	26	16	18	23	24	8.46
Consolidated Net Income / (Loss)	9.34	15	42	13	15	26	16	18	23	24	8.46
Depreciation Expense	18	17	17	18	18	17	16	16	15	14	13
Non-Cash Adjustments To Reconcile Net Income	12	5.57	-37	13	8.79	13	2.10	3.73	4.91	7.63	11
Changes in Operating Assets and Liabilities, net	-8.09	13	-8.55	-13	-29	9.68	-1.25	16	-1.39	-4.12	-1.51
Net Cash From Investing Activities	-7.08	-25	31	-14	-10	-17	-22	-17	-18	-33	-18
Net Cash From Continuing Investing Activities	-7.08	-25	31	-14	-10	-17	-22	-17	-18	-33	-18
Purchase of Property, Plant & Equipment	-12	-26	-18	-16	-13	-26	-16	-16	-18	-30	-18
Sale and/or Maturity of Investments	5.72	1.00	1.35	0.91	0.89	-1.10	2.54	2.16	1.07	4.92	1.38
Other Investing Activities, net	-0.57	-0.13	0.19	0.01	2.02	5.91	-2.72	-3.26	-0.93	-7.64	-1.31
Net Cash From Financing Activities	-19	-5.09	-52	-20	-15	-45	-18	-38	-23	2.98	-29
Net Cash From Continuing Financing Activities	-19	-5.09	-52	-20	-15	-45	-18	-38	-23	2.98	-29
Repayment of Debt	-2.70	-0.13	-0.08	0.18	0.18	-0.12	0.05	0.12	-0.02	4.14	-4.83
Payment of Dividends	-16	-15	-15	-15	-15	-15	-15	-14	-15	-15	-15
Issuance of Debt	3.16	14	-35	-2.28	5.30	-27	-0.74	-22	208	48	12
Other Financing Activities, net	-3.51	-1.83	-2.07	-2.41	-4.79	-2.55	-1.34	-1.97	-7.13	-4.23	-1.08
Effect of Exchange Rate Changes	0.37	-	0.19	0.08	-0.05	-	-	-	0.03	-	-

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

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

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	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	0.85%	-7.10%	-3.06%	-1.29%	-2.49%	8.57%	2.41%	-1.56%	-2.88%	-0.50%	-0.44%
EBITDA Growth	-17.68%	-22.44%	70.88%	-9.45%	-2.14%	19.09%	47.18%	-2.01%	99.12%	0.20%	-34.47%
EBIT Growth	-28.93%	-30.62%	104.69%	-19.15%	-10.79%	17.49%	63.75%	-10.26%	161.84%	-5.07%	-49.55%
NOPAT Growth	-27.36%	-38.20%	101.23%	-22.59%	-25.05%	23.13%	78.29%	-13.51%	82.61%	-2.03%	-59.14%
Net Income Growth	-37.35%	-43.43%	161.98%	-29.81%	-33.85%	11.44%	88.46%	-30.59%	97.30%	-7.10%	-72.29%
EPS Growth	-38.64%	-43.21%	164.58%	-31.48%	-32.31%	20.90%	108.70%	-22.86%	124.14%	-17.28%	-70.89%
Operating Cash Flow Growth	161.42%	-23.25%	-58.05%	-43.40%	-70.61%	60.27%	7.21%	162.23%	60.62%	561.00%	-52.79%
Free Cash Flow Firm Growth	40.23%	-85.28%	960.29%	3.06%	201.28%	679.31%	92.55%	115.53%	36.98%	-122.74%	-226.62%
Invested Capital Growth	-2.72%	5.95%	3.76%	5.45%	1.78%	-2.20%	11.53%	8.34%	19.52%	15.25%	41.84%
Revenue Q/Q Growth	-2.35%	4.73%	-0.21%	-1.17%	-10.05%	9.28%	1.61%	-2.38%	0.15%	3.08%	-2.33%
EBITDA Q/Q Growth	-8.84%	-43.74%	80.03%	-10.84%	-14.12%	23.97%	-4.60%	-3.65%	4.51%	53.21%	-36.48%
EBIT Q/Q Growth	-18.85%	-54.73%	131.10%	-16.29%	-20.79%	33.57%	-8.72%	-7.63%	4.32%	86.17%	-49.98%
NOPAT Q/Q Growth	-28.67%	-54.72%	144.51%	-8.01%	-39.32%	47.45%	-5.95%	-10.93%	-0.32%	113.51%	-54.37%
Net Income Q/Q Growth	-37.54%	-64.20%	233.34%	-15.94%	-43.60%	65.78%	-10.68%	-20.79%	-4.98%	180.34%	-67.10%
EPS Q/Q Growth	-41.30%	-63.78%	243.24%	-15.91%	-45.68%	68.75%	-11.11%	-16.92%	-2.99%	191.30%	-67.14%
Operating Cash Flow Q/Q Growth	-38.25%	264.39%	-53.53%	150.02%	-81.87%	99.15%	-37.29%	29.81%	-1.13%	33.22%	53.38%
Free Cash Flow Firm Q/Q Growth	281.43%	-83.96%	607.21%	-67.59%	-59.96%	1,037.37%	-184.73%	131.85%	-129.05%	87.94%	-76.62%
Invested Capital Q/Q Growth	-2.89%	-1.49%	2.51%	-0.80%	5.76%	-3.53%	4.18%	-4.25%	1.62%	10.02%	1.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.29%	-24.97%	18.95%	20.39%	100.00%	-100.38%	100.00%	19.62%	100.00%	48.07%	17.95%
EBITDA Margin	8.16%	8.74%	16.28%	9.02%	10.00%	10.47%	9.23%	9.83%	9.96%	9.55%	6.42%
Operating Margin	4.62%	5.56%	12.87%	5.56%	6.56%	7.45%	6.10%	6.79%	7.17%	6.88%	3.81%
EBIT Margin	4.62%	5.56%	12.87%	5.56%	6.56%	7.45%	6.10%	6.79%	7.17%	6.88%	3.81%
Profit (Net Income) Margin	1.80%	2.82%	8.25%	2.47%	2.90%	4.63%	3.05%	3.47%	4.28%	4.51%	1.66%
Tax Burden Percent	67.28%	76.55%	76.53%	72.34%	65.83%	85.93%	77.85%	75.56%	78.35%	82.00%	71.50%
Interest Burden Percent	57.94%	66.17%	83.71%	61.40%	67.19%	72.29%	64.30%	67.70%	76.13%	79.87%	60.83%
Effective Tax Rate	32.72%	23.45%	23.47%	27.66%	34.17%	14.07%	22.15%	24.44%	21.65%	18.00%	28.50%
Return on Invested Capital (ROIC)	22.45%	31.08%	71.47%	30.37%	31.91%	49.34%	36.82%	40.64%	44.83%	45.35%	26.42%
ROIC Less NNEP Spread (ROIC-NNEP)	21.51%	30.00%	70.35%	29.29%	30.93%	47.74%	35.41%	39.24%	43.65%	44.10%	25.09%
Return on Net Nonoperating Assets (RNNOA)	-35.79%	-49.78%	-116.96%	-47.34%	-50.26%	-84.89%	-62.05%	-68.76%	-77.36%	-96.99%	-53.25%
Return on Equity (ROE)	-13.33%	-18.71%	-45.49%	-16.97%	-18.36%	-35.55%	-25.22%	-28.13%	-32.54%	-51.65%	-26.84%
Cash Return on Invested Capital (CROIC)	41.11%	35.18%	41.07%	31.96%	36.60%	44.63%	30.20%	30.14%	22.00%	20.32%	7.21%
Operating Return on Assets (OROA)	10.94%	12.99%	31.09%	13.74%	16.27%	18.30%	14.93%	16.49%	17.10%	16.54%	9.33%
Return on Assets (ROA)	4.26%	6.58%	19.92%	6.10%	7.20%	11.37%	7.47%	8.44%	10.20%	10.83%	4.06%
Return on Common Equity (ROCE)	-13.83%	-19.42%	-47.18%	-17.59%	-19.02%	-37.21%	-26.39%	-29.48%	-34.37%	-56.10%	-29.59%
Return on Equity Simple (ROE_SIMPLE)	-18.20%	0.00%	-22.20%	-15.13%	-16.28%	0.00%	-16.85%	-15.09%	-16.38%	0.00%	-25.95%
Net Operating Profit after Tax (NOPAT)	16	23	50	20	22	37	25	26	30	30	14
NOPAT Margin	3.11%	4.26%	9.85%	4.02%	4.32%	6.40%	4.75%	5.13%	5.62%	5.65%	2.73%
Net Nonoperating Expense Percent (NNEP)	0.95%	1.08%	1.12%	1.07%	0.97%	1.60%	1.41%	1.39%	1.18%	1.25%	1.33%
Return On Investment Capital (ROIC_SIMPLE)	4.96%	6.90%	-	-	-	11.66%	-	-	-	9.10%	-
Cost of Revenue to Revenue	70.71%	124.97%	81.05%	79.62%	0.00%	200.38%	0.00%	80.38%	0.00%	51.93%	82.05%
SG&A Expenses to Revenue	12.57%	11.45%	2.67%	11.36%	11.38%	9.39%	9.98%	9.78%	9.86%	8.89%	11.35%
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	24.67%	-30.53%	6.08%	14.83%	93.44%	-107.83%	93.90%	12.83%	92.83%	41.19%	14.14%
Earnings before Interest and Taxes (EBIT)	24	30	65	28	34	43	32	35	38	36	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	46	82	46	51	60	48	51	53	50	33
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)	0.63	0.62	0.82	0.72	1.01	1.12	1.09	1.07	1.21	1.32	1.19
Price to Earnings (P/E)	16.74	15.29	18.22	22.28	28.80	29.02	28.60	31.02	31.93	41.07	34.90
Dividend Yield	4.62%	4.71%	3.48%	3.96%	2.75%	2.42%	3.08%	3.08%	2.78%	2.50%	2.07%
Earnings Yield	5.97%	6.54%	5.49%	4.49%	3.47%	3.45%	3.50%	3.22%	3.13%	2.43%	2.87%
Enterprise Value to Invested Capital (EV/IC)	7.15	6.87	8.32	7.95	9.98	11.37	10.68	10.95	11.62	11.89	11.92
Enterprise Value to Revenue (EV/Rev)	0.98	0.97	1.17	1.08	1.36	1.46	1.45	1.44	1.59	1.59	1.44
Enterprise Value to EBITDA (EV/EBITDA)	9.29	8.82	10.24	11.14	13.77	14.75	15.05	16.04	17.67	20.70	18.86
Enterprise Value to EBIT (EV/EBIT)	13.71	12.72	14.45	16.77	20.22	21.17	21.55	23.25	24.99	30.57	27.35
Enterprise Value to NOPAT (EV/NOPAT)	18.38	17.25	18.93	21.91	26.25	26.51	27.41	29.85	31.79	36.93	33.43
Enterprise Value to Operating Cash Flow (EV/OCF)	16.00	18.70	20.11	16.19	17.61	16.14	18.04	17.99	24.84	28.30	44.90
Enterprise Value to Free Cash Flow (EV/FCFF)	17.14	20.08	20.63	25.55	27.51	25.19	37.30	37.78	57.49	62.69	193.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.78	-1.79	-1.75	-1.71	-1.71	-1.71	-1.71	-1.69	-1.70	-2.22	-2.13
Long-Term Debt to Equity	-1.78	-1.79	-1.74	-1.70	-1.71	-1.71	-1.68	-1.66	-1.68	-2.22	-2.13
Financial Leverage	-1.66	-1.66	-1.66	-1.62	-1.62	-1.78	-1.75	-1.75	-1.77	-2.20	-2.12
Leverage Ratio	-2.03	-2.06	-1.99	-1.88	-1.86	-2.44	-2.38	-2.45	-2.59	-4.01	-4.44
Compound Leverage Factor	-1.17	-1.36	-1.67	-1.16	-1.25	-1.77	-1.53	-1.66	-1.97	-3.20	-2.70
Debt to Total Capital	227.59%	225.88%	232.77%	240.84%	240.25%	240.71%	241.22%	245.19%	243.01%	182.24%	188.35%
Short-Term Debt to Total Capital	0.00%	0.00%	1.81%	0.75%	0.57%	0.00%	4.55%	4.85%	2.47%	0.00%	0.00%
Long-Term Debt to Total Capital	227.59%	225.88%	230.96%	240.09%	239.68%	240.71%	236.67%	240.34%	240.53%	182.24%	188.35%
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	4.91%	4.94%	5.20%	5.22%	5.16%	5.19%	4.99%	5.18%	5.16%	5.17%	5.78%
Common Equity to Total Capital	-132.50%	-130.82%	-137.98%	-146.06%	-145.40%	-145.90%	-146.21%	-150.38%	-148.16%	-87.42%	-94.14%
Debt to EBITDA	3.42	3.28	3.04	3.71	3.63	3.59	3.89	4.21	4.30	3.71	3.41
Net Debt to EBITDA	3.22	3.11	2.96	3.59	3.50	3.39	3.70	3.98	4.05	3.41	3.18
Long-Term Debt to EBITDA	3.42	3.28	3.01	3.70	3.62	3.59	3.81	4.13	4.26	3.71	3.41
Debt to NOPAT	6.77	6.42	5.61	7.29	6.92	6.45	7.08	7.84	7.74	6.61	6.04
Net Debt to NOPAT	6.36	6.09	5.48	7.06	6.67	6.10	6.74	7.40	7.29	6.09	5.64
Long-Term Debt to NOPAT	6.77	6.42	5.57	7.27	6.91	6.45	6.95	7.69	7.66	6.61	6.04
Altman Z-Score	3.29	3.33	3.82	3.64	3.91	3.94	3.78	3.77	3.99	4.33	4.28
Noncontrolling Interest Sharing Ratio	-3.76%	-3.80%	-3.71%	-3.64%	-3.64%	-4.67%	-4.61%	-4.81%	-5.62%	-8.63%	-10.25%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.83	0.80	0.82	0.80	0.76	0.82	0.82	0.90	0.95	0.91
Quick Ratio	0.53	0.52	0.46	0.44	0.45	0.49	0.51	0.48	0.56	0.59	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	6.29	39	5.55	17	43	-4.56	5.38	-17	-7.38	-61
Operating Cash Flow to CapEx	256.20%	198.60%	78.35%	186.18%	91.80%	257.12%	205.63%	323.85%	221.55%	137.67%	175.16%
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	2.37	2.34	2.42	2.47	2.48	2.46	2.45	2.43	2.38	2.40	2.45
Accounts Receivable Turnover	21.23	20.00	19.86	22.54	21.83	20.66	20.34	22.87	23.03	22.86	24.00
Inventory Turnover	39.25	41.43	57.06	45.36	45.60	40.21	20.99	33.33	33.44	40.80	45.00
Fixed Asset Turnover	7.57	7.41	7.86	7.98	8.06	8.02	8.38	8.49	8.89	8.88	9.57
Accounts Payable Turnover	22.74	21.62	32.34	28.63	26.45	22.71	14.97	26.19	24.46	34.46	39.44
Days Sales Outstanding (DSO)	17.19	18.25	18.38	16.19	16.72	17.67	17.94	15.96	15.85	15.97	15.21
Days Inventory Outstanding (DIO)	9.30	8.81	6.40	8.05	8.00	9.08	17.39	10.95	10.92	8.95	8.11
Days Payable Outstanding (DPO)	16.05	16.89	11.28	12.75	13.80	16.07	24.37	13.94	14.93	10.59	9.25
Cash Conversion Cycle (CCC)	10.44	10.17	13.49	11.49	10.93	10.67	10.96	12.97	11.84	14.32	14.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	282	290	295	288	290	274	284	273	285	280	255
Invested Capital Turnover	7.22	7.30	7.26	7.55	7.39	7.71	7.76	7.93	7.98	8.03	9.69
Increase / (Decrease) in Invested Capital	-7.89	16	11	15	5.08	-6.18	29	21	47	37	75
Enterprise Value (EV)	2,015	1,994	2,453	2,287	2,893	3,115	3,035	2,986	3,308	3,333	3,035
Market Capitalization	1,301	1,274	1,727	1,534	2,142	2,382	2,272	2,228	2,532	2,767	2,506
Book Value per Share	($13.22)	($13.16)	($13.21)	($14.00)	($14.10)	($14.02)	($14.52)	($14.73)	($14.16)	($8.11)	($7.76)
Tangible Book Value per Share	($15.55)	($15.47)	($15.55)	($16.29)	($16.41)	($16.34)	($16.84)	($17.08)	($16.20)	($10.11)	($9.72)
Total Capital	326	328	312	316	318	315	325	320	332	328	291
Total Debt	742	742	727	761	763	757	784	784	806	597	549
Total Long-Term Debt	742	742	721	759	761	757	769	769	797	597	549
Net Debt	698	704	709	737	735	717	747	741	759	550	512
Capital Expenditures (CapEx)	12	26	18	16	13	26	16	16	18	30	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-85	-85	-67	-71	-83	-114	-77	-83	-65	-61	-61
Debt-free Net Working Capital (DFNWC)	-41	-47	-49	-47	-55	-74	-40	-39	-18	-14	-24
Net Working Capital (NWC)	-41	-47	-55	-49	-57	-74	-55	-55	-26	-14	-24
Net Nonoperating Expense (NNE)	6.78	7.65	8.13	7.88	7.28	10	8.86	8.52	7.07	5.98	5.45
Net Nonoperating Obligations (NNO)	698	704	709	733	735	717	743	737	759	550	512
Total Depreciation and Amortization (D&A)	18	17	17	18	18	17	16	16	15	14	13
Debt-free, Cash-free Net Working Capital to Revenue	-4.11%	-4.14%	-3.17%	-3.37%	-3.90%	-5.35%	-3.71%	-4.00%	-3.09%	-2.93%	-2.89%
Debt-free Net Working Capital to Revenue	-1.98%	-2.30%	-2.33%	-2.23%	-2.59%	-3.45%	-1.91%	-1.89%	-0.85%	-0.67%	-1.15%
Net Working Capital to Revenue	-1.98%	-2.30%	-2.60%	-2.34%	-2.67%	-3.45%	-2.62%	-2.64%	-1.25%	-0.67%	-1.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.45	$1.28	$0.37	$0.45	$0.79	$0.49	$0.55	$0.66	$0.67	$0.23
Adjusted Weighted Average Basic Shares Outstanding	32.78M	32.72M	32.75M	32.73M	32.64M	32.93M	32.56M	32.56M	34.16M	35.50M	35.26M
Adjusted Diluted Earnings per Share	$0.27	$0.46	$1.27	$0.37	$0.44	$0.81	$0.48	$0.54	$0.65	$0.67	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	32.92M	32.82M	32.93M	32.85M	32.91M	33.16M	32.80M	32.65M	34.32M	35.72M	35.45M
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	32.74M	32.66M	32.64M	32.63M	32.97M	32.77M	32.76M	32.74M	32.66M	34.68M	35.33M
Normalized Net Operating Profit after Tax (NOPAT)	16	23	50	20	22	37	25	26	30	30	15
Normalized NOPAT Margin	3.11%	4.26%	9.85%	4.02%	4.32%	6.40%	4.75%	5.13%	5.62%	5.65%	2.85%
Pre Tax Income Margin	2.68%	3.68%	10.77%	3.41%	4.41%	5.39%	3.92%	4.59%	5.46%	5.50%	2.32%
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	78.34%	72.91%	64.26%	88.17%	80.41%	72.19%	73.96%	81.06%	71.22%	80.72%	79.79%
Augmented Payout Ratio	78.34%	75.38%	64.26%	88.17%	81.35%	326.23%	374.08%	439.04%	446.44%	260.97%	286.29%

Frequently Asked Questions About Papa Johns International's Financials

When does Papa Johns International's financial year end?

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

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

The last 5 years of Papa Johns 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 Johns International in the coming months.

What is Papa Johns International's operating income?

Papa Johns 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 Johns International revenue changed over the last 10 years?

Over the last 10 years, Papa Johns 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 Johns International have?

Papa Johns 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 Johns International have?

In the past 10 years, Papa Johns 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 Johns International's book value per share changed over the last 10 years?

Over the last 10 years, Papa Johns 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 5/29/2025 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 Johns International (PZZA) Financials

Frequently Asked Questions About Papa Johns 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 Johns International (PZZA) Financials

Annual Income Statements for Papa Johns International

Quarterly Income Statements for Papa Johns International

Annual Cash Flow Statements for Papa Johns International

Quarterly Cash Flow Statements for Papa Johns International

Annual Balance Sheets for Papa Johns International

Quarterly Balance Sheets for Papa Johns International

Annual Metrics And Ratios for Papa Johns International

Quarterly Metrics And Ratios for Papa Johns International

Frequently Asked Questions About Papa Johns International's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools