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Stocks · Consumer discretionary · Retail-Eating Places

PAPA JOHNS INTERNATIONAL INC

PZZA Clue Score30
United States Fiscal year ends December CIK 0000901491
$19.75 +1.49% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $19.75 −84.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,713.6Operating income164.5Net income102.8EPS, diluted2.74Fiscal year 2017Revenue1,783.4 +4.1%Operating income151.0Net income102.3 −0.5%EPS, diluted2.83 +3.3%Fiscal year 2018Revenue1,662.9 −6.8%Operating income31.6Net income2.5 −97.6%EPS, diluted0.08 −97.2%Fiscal year 2019Revenue1,619.2 −2.6%Operating income24.5Net income4.9 +96.7%EPS, diluted−0.24 −400.0%Fiscal year 2020Revenue1,813.2 +12.0%Operating income90.3Net income57.9 +1,090.5%EPS, diluted1.28Fiscal year 2021Revenue2,068.4 +14.1%Operating income168.2Net income120.0 +107.2%EPS, diluted0.12 −90.6%Fiscal year 2022Revenue2,102.1 +1.6%Operating income109.0Net income67.8 −43.5%EPS, diluted1.89 +1,475.0%Fiscal year 2023Revenue2,135.7 +1.6%Operating income147.1Net income82.1 +21.1%EPS, diluted2.48 +31.2%Fiscal year 2024Revenue2,059.4 −3.6%Operating income156.7Net income83.5 +1.7%EPS, diluted2.54 +2.4%Fiscal year 2025Revenue2,053.8 −0.3%Operating income89.1Net income30.5 −63.4%EPS, diluted0.90 −64.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,713.6 1,783.4 1,662.9 1,619.2 1,813.2 2,068.4 2,102.1 2,135.7 2,059.4 2,053.8
Growth +4.1% −6.8% −2.6% +12.0% +14.1% +1.6% +1.6% −3.6% −0.3%
Operating income 164.5 151.0 31.6 24.5 90.3 168.2 109.0 147.1 156.7 89.1
Net income 102.8 102.3 2.5 4.9 57.9 120.0 67.8 82.1 83.5 30.5
Growth −0.5% −97.6% +96.7% +1,090.5% +107.2% −43.5% +21.1% +1.7% −63.4%
EPS, diluted 2.74 2.83 0.08 −0.24 1.28 0.12 1.89 2.48 2.54 0.90
Growth +3.3% −97.2% −400.0% −90.6% +1,475.0% +31.2% +2.4% −64.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.6%Net margin6.0%Free cash flow margin5.5%Fiscal year 2017Operating margin8.5%Net margin5.7%Free cash flow margin4.6%Fiscal year 2018Operating margin1.9%Net margin0.1%Free cash flow margin3.0%Fiscal year 2019Operating margin1.5%Net margin0.3%Free cash flow margin1.5%Fiscal year 2020Operating margin5.0%Net margin3.2%Free cash flow margin8.3%Fiscal year 2021Operating margin8.1%Net margin5.8%Free cash flow margin5.6%Fiscal year 2022Operating margin5.2%Net margin3.2%Free cash flow margin1.9%Fiscal year 2023Operating margin6.9%Net margin3.8%Free cash flow margin5.5%Fiscal year 2024Operating margin7.6%Net margin4.1%Free cash flow margin1.7%Fiscal year 2025Operating margin4.3%Net margin1.5%Free cash flow margin3.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.6% 8.5% 1.9% 1.5% 5.0% 8.1% 5.2% 6.9% 7.6% 4.3%
Net margin 6.0% 5.7% 0.1% 0.3% 3.2% 5.8% 3.2% 3.8% 4.1% 1.5%
Free cash flow margin 5.5% 4.6% 3.0% 1.5% 8.3% 5.6% 1.9% 5.5% 1.7% 3.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow150.3Capital expenditure−55.6Free cash flow94.7Buybacks−122.4Dividends paid−27.9Fiscal year 2017Operating cash flow135.0Capital expenditure−52.6Free cash flow82.4 −13.0%Buybacks−209.6Dividends paid−30.7Fiscal year 2018Operating cash flow92.5Capital expenditure−42.0Free cash flow50.4 −38.8%Buybacks−158.0Dividends paid−29.0Fiscal year 2019Operating cash flow61.7Capital expenditure−37.7Free cash flow24.0 −52.3%Dividends paid−28.6Fiscal year 2020Operating cash flow186.4Capital expenditure−35.7Free cash flow150.8 +527.3%Buybacks−2.7Dividends paid−29.4Fiscal year 2021Operating cash flow184.7Capital expenditure−68.6Free cash flow116.1 −23.0%Buybacks−72.5Dividends paid−40.4Fiscal year 2022Operating cash flow117.8Capital expenditure−78.4Free cash flow39.4 −66.1%Buybacks−125.0Dividends paid−54.8Fiscal year 2023Operating cash flow193.1Capital expenditure−76.6Free cash flow116.4 +195.4%Buybacks−210.3Dividends paid−58.5Fiscal year 2024Operating cash flow106.6Capital expenditure−72.5Free cash flow34.1 −70.7%Buybacks−2.1Dividends paid−60.6Fiscal year 2025Operating cash flow126.0Capital expenditure−64.7Free cash flow61.3 +79.5%Buybacks0.0Dividends paid−61.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 150.3 135.0 92.5 61.7 186.4 184.7 117.8 193.1 106.6 126.0
Capital expenditure −55.6 −52.6 −42.0 −37.7 −35.7 −68.6 −78.4 −76.6 −72.5 −64.7
Free cash flow 94.7 82.4 50.4 24.0 150.8 116.1 39.4 116.4 34.1 61.3
Growth −13.0% −38.8% −52.3% +527.3% −23.0% −66.1% +195.4% −70.7% +79.5%
Buybacks −122.4 −209.6 −158.0 n/a −2.7 −72.5 −125.0 −210.3 −2.1 0.0
Dividends paid −27.9 −30.7 −29.0 −28.6 −29.4 −40.4 −54.8 −58.5 −60.6 −61.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash15.6Total debt299.8Net cash (debt)−284.3Shareholders’ equity−3.9Fiscal year 2017Cash22.3Total debt466.6Net cash (debt)−444.2Shareholders’ equity−121.7Fiscal year 2018Cash33.3Total debt621.1Net cash (debt)−587.9Shareholders’ equity−319.2Fiscal year 2019Cash27.9Total debt367.3Net cash (debt)−339.4Shareholders’ equity−332.3Fiscal year 2020Cash130.2Total debt348.3Net cash (debt)−218.1Shareholders’ equity−282.2Fiscal year 2021Cash70.6Total debt480.7Net cash (debt)−410.1Shareholders’ equity−187.7Fiscal year 2022Cash47.4Total debt597.1Net cash (debt)−549.7Shareholders’ equity−286.4Fiscal year 2023Cash40.6Total debt757.4Net cash (debt)−716.8Shareholders’ equity−459.1Fiscal year 2024Cash38.0Total debt741.7Net cash (debt)−703.7Shareholders’ equity−429.5Fiscal year 2025Cash34.6Total debt715.4Net cash (debt)−680.8Shareholders’ equity−444.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 15.6 22.3 33.3 27.9 130.2 70.6 47.4 40.6 38.0 34.6
Total debt 299.8 466.6 621.1 367.3 348.3 480.7 597.1 757.4 741.7 715.4
Net cash (debt) −284.3 −444.2 −587.9 −339.4 −218.1 −410.1 −549.7 −716.8 −703.7 −680.8
Shareholders’ equity −3.9 −121.7 −319.2 −332.3 −282.2 −187.7 −286.4 −459.1 −429.5 −444.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 25 Dec 2016 FY2017 31 Dec 2017 FY2018 30 Dec 2018 FY2019 29 Dec 2019 FY2020 27 Dec 2020 FY2021 26 Dec 2021 FY2022 25 Dec 2022 FY2023 31 Dec 2023 FY2024 29 Dec 2024 FY2025 28 Dec 2025
Revenue and profit
1,713.6 1,783.4 1,662.9 1,619.2 1,813.2 2,068.4 2,102.1 2,135.7 2,059.4 2,053.8
Growth +4.1% −6.8% −2.6% +12.0% +14.1% +1.6% +1.6% −3.6% −0.3%
158.1 150.9 193.5 223.5 204.2 212.3 215.3 208.1 190.5 244.3
164.5 151.0 31.6 24.5 90.3 168.2 109.0 147.1 156.7 89.1
Growth −8.2% −79.1% −22.2% +267.9% +86.4% −35.2% +35.0% +6.5% −43.1%
158.8 140.3 6.7 5.0 n/a n/a 83.8 103.7 114.1 48.4
49.7 33.8 2.6 −0.6 14.7 26.0 14.4 20.9 29.9 16.3
102.8 102.3 2.5 4.9 57.9 120.0 67.8 82.1 83.5 30.5
Growth −0.5% −97.6% +96.7% +1,090.5% +107.2% −43.5% +21.1% +1.7% −63.4%
Per share
2.76 2.86 0.08 −0.24 1.29 0.12 1.90 2.49 2.55 0.90
2.74 2.83 0.08 −0.24 1.28 0.12 1.89 2.48 2.54 0.90
Growth +3.3% −97.2% −400.0% −90.6% +1,475.0% +31.2% +2.4% −64.6%
37.3 36.1 32.1 31.6 32.4 35.0 35.5 32.9 32.7 32.9
37.6 36.5 32.3 31.6 32.7 35.3 35.7 33.2 32.8 32.9
Growth −2.9% −11.6% −2.1% +3.4% +8.0% +1.1% −7.2% −1.0% +0.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 2.5% a year over five years, and earnings per share fell 6.8% a year.
  • The share count barely moved in five years.
  • Operating margin is flat at 4.3%.
  • Profitable in every one of the 10 years on file.