
Papa John's International Income Statement 2025-2006 | PZZA
Brief overview of revenue and earnings at Papa John's International
The overview follows changes across a five-year period. Revenue at Papa John's International moved from $1.8 billion in 2020 to $2.1 billion in 2025. Across the full period, sales moved by +13.3%; the average annual rate was 2.5%. The business did not achieve meaningful top-line expansion.
EBITDA changed from $140 million to $181 million (+29.6%). EBITDA grew faster than revenue, indicating positive operating leverage. The EBITDA share of revenue changed from 7.7% to 8.8%. Operating efficiency did not change materially.
The net result moved from 57.9 million dollars to 30.5 million dollars, or −47.3%. Profit pressure may reflect higher operating, financing, or tax costs.
Market value was 2.9 billion dollars at the start and 1 billion dollars at the end. The decline in value indicates softer investor confidence.
Summary assessment
The results contain several connected negative signals. The constructive conclusion rests on positive operating leverage. Caution is warranted because of limited revenue growth, declining net profitability and declining capitalization. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Papa John's International
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.03 B | 1.54 B | 2.36 B | 3.08 B | 3.74 B | 2.91 B | 2.09 B | 1.37 B | 2.31 B | 3.17 B | 1.97 B | 2.63 B | 2.07 B | 1.35 B | 987 M | 324 M | 391 M | 405 M | 462 M | - |
Shares |
32.9 M | 32.7 M | 32.9 M | 35.5 M | 35 M | 32.4 M | 31.6 M | 32.3 M | 36.1 M | 37.6 M | 40 M | 41.7 M | 44.2 M | 47.8 M | 50.6 M | 26.3 M | 27.7 M | 28.1 M | 29.7 M | - |
Historical Prices |
31.3 | 47 | 71.8 | 86.9 | 107 | 89.8 | 56.7 | 42.3 | 54.9 | 74.1 | 54 | 56.8 | 46.2 | 23.5 | 16.8 | 12.3 | 14.1 | 14.4 | 15.6 | 16 |
Net Income |
30.5 M | 83.5 M | 82.1 M | 67.8 M | 120 M | 57.9 M | 4.87 M | 2.47 M | 104 M | 103 M | 75.7 M | 73.3 M | 69.5 M | 61.7 M | 54.7 M | 14 M | 57.5 M | 36.8 M | 32.7 M | - |
Revenue |
2.05 B | 2.06 B | 2.14 B | 2.1 B | 2.07 B | 1.81 B | 1.62 B | 1.66 B | 1.78 B | 1.71 B | 1.64 B | 1.6 B | 1.44 B | 1.34 B | 1.22 B | 287 M | 1.08 B | 1.13 B | 1.06 B | - |
Cost of Revenue |
1.46 B | 1.48 B | 1.56 B | 1.56 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 466 M | 442 M | 355 M | 359 M | 565 M | 533 M | 415 M | 365 M | 325 M | - | - | - | - | - |
Operating Income |
89.1 M | 157 M | 147 M | 109 M | 168 M | 90.3 M | 24.5 M | 31.6 M | 151 M | 165 M | 136 M | 118 M | 107 M | 99.8 M | 87 M | 22.2 M | 95.2 M | 65.5 M | 53.1 M | - |
Interest Expense |
- | - | - | 26.7 M | - | 17 M | 20.6 M | 25.7 M | 11.3 M | 7.4 M | 5.68 M | 4.08 M | 983 K | 2.16 M | 2.98 M | 5.34 M | 5.65 M | 7.54 M | 7.46 M | - |
EBITDA |
181 M | 226 M | 211 M | 161 M | 217 M | 140 M | 71.8 M | 78 M | 196 M | 206 M | 164 M | 158 M | 142 M | 133 M | 120 M | 54.6 M | 127 M | 98.3 M | 84.9 M | - |
Operating Expenses |
- | - | - | - | - | - | 442 M | 411 M | 202 M | 194 M | 441 M | 415 M | 308 M | 265 M | 238 M | - | - | - | - | - |
General and Administrative Expenses |
244 M | 191 M | 208 M | 215 M | 212 M | 204 M | 223 M | 194 M | 158 M | 164 M | 328 M | 300 M | 225 M | 224 M | 197 M | 110 M | 111 M | 99.3 M | 101 M | - |
All numbers in USD currency
Quarterly Income Statement Papa John's International
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | 2009-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
32.9 M | 32.9 M | 32.8 M | 32.8 M | 32.6 M | 32.7 M | 32.7 M | 32.6 M | 32.5 M | 32.6 M | 32.6 M | 34.2 M | 34.7 M | 35.3 M | 35.6 M | 35.9 M | 35.8 M | 36.4 M | 34.7 M | 32.8 M | 32.5 M | 32.6 M | 32.3 M | 32.1 M | 31.9 M | 31.6 M | 31.6 M | 31.6 M | 31.4 M | 31.6 M | 31.9 M | 33.3 M | 33.9 M | 36.1 M | 36.7 M | 36.8 M | 36.7 M | 37 M | 37.2 M | 37.9 M | 38.4 M | 39.4 M | 39.7 M | 39.8 M | 39.8 M | 40.7 M | 41.2 M | 41.8 M | 41.7 M | 43.2 M | 43.5 M | 44.5 M | 44.5 M | 23.3 M | 23.7 M | 24.1 M | - | 25 M | 25.5 M | 25.5 M | 26 M | 26.8 M | 27 M | 27.9 M | 27.8 M | 27.6 M |
Net Income |
7.26 M | 4.71 M | 9.53 M | 9.22 M | - | 41.8 M | 12.2 M | 14.6 M | - | 15.9 M | 17.8 M | 22.4 M | - | 8.33 M | 25.4 M | 10.5 M | - | 29.3 M | 32.3 M | 33.9 M | 13.2 M | 15.7 M | 20.6 M | 8.44 M | -2.14 M | 385 K | 8.35 M | -1.73 M | -12.9 M | -12.9 M | -12.9 M | 17.4 M | 28.5 M | 21.8 M | 23.5 M | 28.4 M | 32.6 M | 21.5 M | 22.5 M | 26.2 M | 24.7 M | 18 M | 10.8 M | 22.2 M | 21.2 M | 16.1 M | 16.7 M | 19.3 M | 18.8 M | 14.3 M | 17.2 M | 19.3 M | 17.4 M | 13 M | 14.3 M | 17 M | 16 M | 11.1 M | 12.1 M | 16.4 M | 7.85 M | 13.2 M | 16.9 M | 11.7 M | 14.2 M | 17.8 M |
Revenue |
479 M | 508 M | 529 M | 518 M | - | 507 M | 508 M | 514 M | - | 523 M | 515 M | 527 M | - | 511 M | 523 M | 543 M | - | 513 M | 515 M | 512 M | 470 M | 473 M | 461 M | 410 M | 418 M | 404 M | 400 M | 398 M | 398 M | 396 M | 396 M | 450 M | 468 M | 432 M | 435 M | 449 M | 440 M | 422 M | 423 M | 429 M | 417 M | 389 M | 399 M | 432 M | 426 M | 390 M | 381 M | 401 M | 388 M | 346 M | 349 M | 356 M | 367 M | 326 M | 319 M | 331 M | 306 M | 306 M | 294 M | 312 M | 273 M | 281 M | 286 M | 264 M | 277 M | 285 M |
Cost of Revenue |
341 M | 369 M | 372 M | 366 M | - | 370 M | 363 M | 368 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
20.8 M | 16.2 M | 24.5 M | 24 M | - | 65.2 M | 28.2 M | 33.7 M | - | 31.9 M | 34.9 M | 37.8 M | - | 19.5 M | 38.9 M | 14.4 M | - | 38.6 M | 44.6 M | 46.9 M | 19.7 M | 24.5 M | 30.5 M | 15.5 M | -132 K | 4.93 M | 14.2 M | 5.51 M | -7.33 M | -7.32 M | -7.32 M | 28.1 M | 36.6 M | 33.5 M | 37.2 M | 43.7 M | 51.4 M | 33.4 M | 36.8 M | 42.9 M | 40.2 M | 27.4 M | 31 M | 37.6 M | 33.4 M | 25.2 M | 27 M | 32 M | 28.5 M | 21.4 M | 26.9 M | 29.6 M | 27 M | 21.2 M | 24.3 M | 27.3 M | 23.7 M | 17 M | 19.2 M | 27.2 M | 13.8 M | 22.8 M | 27.9 M | 19.7 M | 24.6 M | 30.4 M |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 284 K | 282 K | 288 K | - | 282 K | 293 K | 608 K | 1.42 M | 1.33 M | 1.24 M | 1.43 M | 1.44 M | 1.42 M |
EBITDA |
38.5 M | - | - | 42.3 M | - | 82.5 M | 45.8 M | 51.4 M | - | 48.3 M | 50.6 M | 52.5 M | - | 32.8 M | 51.6 M | 26.4 M | - | 50.1 M | 57.1 M | 59.7 M | 19.7 M | 37.3 M | 42.9 M | 27.8 M | -132 K | 16.8 M | 25.8 M | 17.3 M | -7.33 M | 4.26 M | 4.41 M | 39.7 M | 36.6 M | 44.7 M | 47.9 M | 54.1 M | 51.4 M | 44 M | 46.9 M | 52.6 M | 40.2 M | 37.9 M | 41.1 M | 47.7 M | 33.4 M | 35.7 M | 36.9 M | 41.2 M | 28.5 M | 30.1 M | 35.5 M | 38.2 M | 27 M | 29.4 M | 32.4 M | 35.2 M | 23.7 M | 24.9 M | 27.6 M | 35.5 M | 21.8 M | 31 M | 35.8 M | 27.8 M | 32.8 M | 38.3 M |
General and Administrative Expenses |
56 M | 56.5 M | 70.1 M | 65.2 M | - | 12.9 M | 57 M | 57.9 M | - | 52.2 M | 50.3 M | 51.9 M | - | 57.9 M | 44.6 M | 65.9 M | - | 54.1 M | 53.7 M | 50 M | - | 52.6 M | 48.4 M | 47.7 M | - | 53.5 M | 48.7 M | 51.1 M | 58.9 M | 194 M | 58.9 M | 40 M | - | 35.8 M | 40.2 M | 36.4 M | - | 40.5 M | 42.6 M | 40.2 M | - | 37.7 M | 43 M | 43.7 M | - | 33.7 M | 33.6 M | 37 M | - | 31.8 M | 33.1 M | 33.2 M | - | 30.4 M | 31.5 M | 31.6 M | - | 27.3 M | 27.6 M | 29.1 M | 27.1 M | 29 M | 27.9 M | 30 M | 30 M | 27.8 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Papa John's International (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.