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Franchised sub-sandwich chain known for fresh-sliced meats/cheeses made to order, IPO'd on Nasdaq in 2025.
Franchised sub-sandwich chain known for fresh-sliced meats/cheeses made to order, IPO'd on Nasdaq in 2025.
Franchisees own most of the shops and pay a royalty on their sales plus an advertising contribution, so growth follows new openings and sales per shop rather than restaurant costs borne by the company. In early 2025 Blackstone, the private-equity firm, bought control from founder Peter Cancro.
Moat: narrow (brand, distribution). Strong franchisee economics and brand momentum have driven rapid unit growth versus other sandwich chains.
Headquarters: Manasquan, New Jersey, United States · Founded: 1956 · Employees: 822
Size Jersey Mike's Subs (JMKE) is a United States Consumer Discretionary company (Restaurants) with a market value of $6.03B, the 1061st largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.01 on 6 Nov 2026.
Growth Revenue grew 10.9% over the last twelve months (peer median +10.3%); the operating margin is 20.9% (peer median 7.9%).
Valuation It trades at 26.3× forward earnings against a peer median of 31.5× (8th cheapest of 21).
Capital Return on invested capital runs 4.4 points below its cost of capital (6.1% WACC).
Backlog Backlog (remaining performance obligations) was $11.0M at 27 Sep 2026. Backlog detail →
Short interest Short interest is 4.8% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | $724M | $653M | $561M |
| Revenue growth | — | +11% | +16% | — |
| Gross profit | n/a | $384M | $393M | $319M |
| EBITDA | n/a | $247M | $54.0M | $67.0M |
| Net income | n/a | $55.0M | $5.00M | $21.0M |
| Free cash flow | n/a | -$224M | -$9.00M | $64.0M |
| Capital expenditure | n/a | $11.0M | $55.0M | $8.00M |
| Total debt | $1.80B | $2.12B | $1.78B | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jersey Mike's Subs JMKE | $6.03B | n/a | +11% | 21% | 26.3× | n/a |
| Restaurant Brands International QSR | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JMKE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.9% | +9.6% | 11th highest of 21 |
| Distance from 52-week high | -23.9% | -15.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +10.9% | +10.3% | 10th highest of 21 |
| Operating margin | 20.9% | 7.9% | 2nd highest of 21 |
| Forward P/E | 26.3× | 31.5× | 8th cheapest of 21 |
| ROIC minus cost of capital | -4.4 pp | +6.2 pp | 4th lowest of 21 |
| EV / EBITDA | 36.8× | 14.4× | most expensive of 21 |
| Net debt / EBITDA | 6.0× | 2.1× | most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| CAVA CAVA | United States | $6.91B | -26% | +27% | 7% | 85.5× | 41.5% | +27.9% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Haidilao 6862.HK | Hong Kong | $7.24B | -28% | +11% | 12% | 11.4× | 2.0% | +7.8% |
| McDonald's Holdings Company (Japan) 2702.T | Japan | $7.33B | +7% | +2% | 14% | 32.0× | 1.8% | +7.6% |
| Food & Life Companies 3563.T | Japan | $7.34B | +12% | +24% | 10% | 35.6× | 6.9% | +16.0% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| Brinker International EAT | United States | $8.58B | +49% | +6% | 11% | 14.7× | 9.3% | +11.7% |
| Sodexo SW.PA | France | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% | +6.6% |
| Domino's DPZ | United States | $11.0B | +4% | +4% | 20% | 16.3× | 1.8% | +3.7% |
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| Shake Shack SHAK | United States | $3.08B | +2% | +17% | 5% | 55.7× | n/a | n/a |
| Texas Roadhouse TXRH | United States | $12.1B | +4% | +10% | 8% | 26.8× | 13.8% | +19.6% |
| Zensho 7550.T | Japan | $12.2B | +41% | +12% | 7% | 34.3× | 6.1% | +16.3% |
| TORIDOLL 3397.T | Japan | $2.68B | +19% | +3% | 7% | 57.7× | 5.9% | +15.6% |
| Aramark ARMK | United States | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% | +7.6% |
| Mitchells & Butlers MAB.L | United Kingdom | $2.56B | +25% | +3% | 12% | 10.2× | 4.7% | +12.9% |
| Saizeriya 7581.T | Japan | $2.52B | +60% | +17% | 5% | 26.9× | 4.6% | +19.0% |
| create restaurants 3387.T | Japan | $2.34B | +14% | +3% | 5% | 65.7× | 17.8% | +17.3% |
Jersey Mike's Subs reported $11.0M of remaining performance obligations at 27 Sep 2026.