Is PAPA JOHNS INTERNATIONAL INC financially healthy?

PAPA JOHNS INTERNATIONAL INC scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

PAPA JOHNS INTERNATIONAL INC (PZZA)

Nasdaq · Common Stock · Retail-Eating Places

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 8

PASSReturn on assets positiveROA 3.6%
PASSOperating cash flow positiveOCF 126M
FAILReturn on assets improving9.4% → 3.6%
PASSCash flow exceeds earningsOCF 126M vs NI 31M
FAILLong-term debt ratio falling83.4% → 84.8% of assets
FAILCurrent ratio improving0.83 → 0.82
FAILNo share dilution33M → 33M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving2.32× → 2.45×

Altman Z-score

3.39safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 412.7%
Share count change: 0.4%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.8B	$57.9M	$150.8M	—	32,717,000
FY2021	$2.1B	$120.0M	$116.1M	—	35,337,000
FY2022	$2.1B	$67.8M	$39.4M	—	35,717,000
FY2023	$2.1B	$82.1M	$116.4M	—	33,159,000
FY2024	$2.1B	$83.5M	$34.1M	—	32,819,000
FY2025

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q2: $0.46
2026Q1: $0.46
2025Q3: $0.46
2025Q2: $0.46
2025Q1: $0.46
2024Q3: $0.46

Identity

CIK: 0000901491
FIGI: BBG000BFWF13
SIC: 5812 · Retail-Eating Places
Incorporated: DE
Headquarters: LOUISVILLE, KY

Ownership

Institutional: 116.4%
Institutions: 353
Insiders: 1.7%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other retail-eating places companies

PAPA JOHNS INTERNATIONAL INC files under SIC 5812 — all 21 retail-eating places companies compared on assets and F-score.

MCDONALDS CORPMCD Restaurant Brands International Inc.QSR Restaurant Brands International Limited PartnershipQSP DARDEN RESTAURANTS INCDRI Yum China Holdings, Inc.YUMC CHIPOTLE MEXICAN GRILL INCCMG

Questions about PAPA JOHNS INTERNATIONAL INC

Is PAPA JOHNS INTERNATIONAL INC financially healthy?: PAPA JOHNS INTERNATIONAL INC scores 4 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.