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Employees: 9,400
Size Papa John's International (PZZA) is a United States Consumer Discretionary company (Restaurants) with a market value of $650M, the 2538th largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.73 on 6 Nov 2026.
Performance Over six months the shares fell 36.6%, against +3.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue fell 5.7% over the last twelve months (peer median +12.1%); the operating margin is 4.7% (peer median 6.9%).
Valuation It trades at 19.7× forward earnings against a peer median of 18.1× (9th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.7 points above its cost of capital (7.6% WACC).
Credit Papa John's International has 1 bond outstanding ($400M), rated B by the agencies and trading like B- at a weighted spread of 350 bp.
Short interest Short interest is 20.6% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.97B | $2.05B | $2.06B | $2.14B | $2.10B |
| Revenue growth | — | 0% | -4% | +2% | — |
| Gross profit | $309M | $333M | $347M | $357M | $339M |
| EBITDA | $184M | $186M | $253M | $212M | $188M |
| Net income | $27.3M | $30.5M | $83.5M | $82.1M | $67.7M |
| Free cash flow | $24.6M | $51.6M | $34.1M | $116M | $39.4M |
| Capital expenditure | $70.3M | $74.4M | $72.5M | $76.6M | $78.4M |
| Total debt | $936M | $936M | $971M | $966M | $807M |
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.
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 | PZZA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.4% | +7.9% | 8th lowest of 21 |
| 6-month return | -36.6% | +3.2% | 2nd lowest of 21 |
| Distance from 52-week high | -59.6% | -23.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | -5.7% | +12.1% | 2nd lowest of 21 |
| Operating margin | 4.7% | 6.9% | 10th lowest of 21 |
| Forward P/E | 19.7× | 18.1× | 9th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 4.8% | 1.5% | 6th most demanding of 16 |
| Growth delivered (Del g) | +2.5% | +18.4% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | +2.3 pp | -21.0 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | +7.7 pp | +0.8 pp | 6th highest of 20 |
| EV / EBITDA | 8.5× | 8.4× | 10th most expensive of 20 |
| Net debt / EBITDA | 4.9× | 2.5× | 4th most indebted of 20 |
| Bond spread | 350 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Papa John's International PZZA | United States | $650M | -37% | -6% | 5% | 19.7× | 4.8% | +2.5% |
| Restaurant Brands Asia RBA.NS | India | $668M | +31% | +16% | 0% | n/a | n/a | n/a |
| A&W Food Services of Canada AW.TO | Canada | $625M | 0% | +3% | 30% | 14.0× | 2.6% | -0.6% |
| Super Hi International 9658.HK | Hong Kong | $619M | -23% | +11% | 6% | 18.1× | -1.7% | +30.7% |
| Cannae CNNE | United States | $700M | +25% | -7% | -17% | n/a | n/a | n/a |
| MTY Food MTY.TO | Canada | $600M | -6% | -4% | 16% | 8.2× | -3.8% | +18.4% |
| Maruchiyo Yamaokaya 3399.T | Japan | $710M | +82% | +19% | 11% | 28.4× | 3.5% | +24.7% |
| Sapphire Foods India SAPPHIRE.NS | India | $715M | +12% | +13% | 4% | 409.8× | 46.7% | +25.1% |
| Matsuya Foods 9887.T | Japan | $733M | +7% | +18% | 4% | n/a | n/a | n/a |
| Fuller, Smith & Turner P.L.C FSTA.L | United Kingdom | $576M | +29% | +6% | 12% | 15.9× | 8.0% | +40.3% |
| Hiday Hidaka 7611.T | Japan | $760M | +11% | +10% | 11% | 23.5× | -3.3% | +16.1% |
| Collins Foods CKF.AX | Australia | $762M | +15% | +5% | 8% | 16.3× | 1.4% | +8.4% |
| Bronco Billy 3091.T | Japan | $551M | +41% | +14% | 12% | 32.1× | 1.5% | +11.8% |
| Wowprime 2727.TW | Taiwan | $550M | -1% | +10% | 8% | 12.2× | -11.9% | +9.0% |
| DPC Dash 1405.HK | Hong Kong | $548M | -34% | +26% | 4% | 21.2× | 6.6% | +36.3% |
| Elior ELIOR.PA | France | $544M | -35% | 0% | 2% | 12.4× | 6.3% | +9.2% |
| Auntea Jenny (Shanghai) Industrial 2589.HK | Hong Kong | $784M | -61% | +36% | 15% | 8.5× | -7.1% | +23.7% |
| Black Rock Coffee Bar BRCB | United States | $538M | -6% | +24% | 3% | 50.1× | n/a | n/a |
| First Watch Restaurant FWRG | United States | $794M | +6% | +16% | 3% | 53.3× | n/a | n/a |
| Koshidaka 2157.T | Japan | $530M | -6% | +16% | 13% | 10.8× | -9.8% | +31.1% |
| AmRest EAT.WA | Poland | $529M | -5% | -3% | 4% | 22.9× | 5.1% | +9.9% |
Papa John's International has 1 bond outstanding with $400M face value. The agencies rate it B; its bonds trade like B-. Weighted yield 8.16%, a spread of 350 bp over government bonds.