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MARKETS / NASDAQ / PZZA
NASDAQ · RETAIL-EATING PLACES · LARGE CAP

Papa Johns International Inc. PZZA

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.1B
▼ 0.3% YoY
$30.5M
▼ 63.4% YoY
$61.3M
▲ 79.5% YoY
In brief

What this company does

Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants, and in certain international markets dine-in and delivery restaurants, under the trademark “Papa Johns.” At December 28, 2025, there were 6,083 Papa Johns restaurants in operation, consisting of 475 Company-owned and 5,608 franchised restaurants operating in 50 countries and territories. Papa Johns has four defined reportable segments: Domestic Company-owned restaurants, North America franchising, North America commissaries, and International. The Domestic Company-owned restaurant segment consists of the operations of all Domestic Company-owned restaurants and derives its revenues principally from retail sales of pizza and other food and beverage products. The North America franchising segment consists of franchise sales and support activities and derives its revenues from the sale of franchise and development rights and the collection of royalties from franchisees located in the United States and Canada. The North America commissary segment comprises 11 full-service regional dough production and distribution centers, described as Quality Control Centers, in the United States, which supply pizza sauce, dough, food products, paper products, smallwares and cleaning supplies twice weekly to each traditional restaurant served. The International segment is defined as all restaurant operations outside of the United States and Canada, and as of December 28, 2025 comprised 2,560 restaurants, including 13 Company-owned restaurants in the United Kingdom and 2,547 franchised restaurants. Papa Johns began operations in 1984.

Written from the business description in Papa John’s International, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 2.1B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.1 · Net income 0.0
0.8B1.6B2007201020132016201920222025
Compound annual growth
−0.8%
+2.5%
+2.3%
+4.1%
−23.3%
−12.0%
−8.7%
−3.5%
−21.9%
−6.8%
−7.2%
+6.1%
+15.4%
+11.3%
−29.7%
+15.8%
−7.9%
+2.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +2.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.3% · Net 1.6%
5%2007201020132016201920222025
ROE
FY2016 · ROE 813.8%
500%2007201020132016201920222025

Cash & shareholders
USD 61.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 61.3
80M2007201020132016201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends 61.1 · Net buybacks -0.4
100M200MDividendsNet buybacks2007201020132016201920222025

USD 61.1M in dividends — 200% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 837.5M
EquityUSD -444.8M
CashUSD 34.6M
Gross debtUSD 715.4M
Net debtUSD 680.8M
Current ratio0.82×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B2.12.12.12.12.11.81.61.71.81.71.61.61.41.31.21.11.11.11.1
Operating income $B0.10.20.10.10.20.10.00.00.20.20.10.10.10.10.10.10.10.10.1
EBITDA $B0.20.20.20.20.20.10.10.10.20.20.20.20.10.10.10.10.1··
Income tax $B0.00.00.00.00.00.0−0.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.10.10.10.10.10.00.00.10.10.10.10.10.10.10.10.10.00.0
Free cash flow $B0.10.00.10.00.10.20.00.10.10.10.10.10.10.10.10.10.10.00.0
EPS, diluted $0.902.542.481.890.121.28−0.240.082.832.741.891.751.551.291.081.962.061.301.09
Dividend / sh $1.841.841.761.541.150.900.900.900.850.750.630.530.25······
Payout %200737181345158711723027333016······
ROE %·········813.8131.165.543.631.526.827.737.428.3·
Shares out B0.030.030.030.030.040.030.030.030.030.040.040.040.040.04·····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Eating Places
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 27
Data on record since2007

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