Papa John's International, Inc.

PZZANASDAQConsumer Cyclical● Active

$31.65

$-0.27(-0.85%)

Market Cap$1.0B

P/E Ratio—

52W High$55.74

52W Low$29.55

Avg Volume1.3M

Open$31.60

Beta1.13

Overview

Papa John's International, Inc. (PZZA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PZZA · free cash flow · updated Jun 8, 2026

Core FCF metrics

PZZA · FCF · TTM · margin & CAGR

Free cash flow was $61.3M for FY2025 (fiscal year ending 2025-12-28), up 79.5% year-over-year The FCF margin was 3.0%. Five-year CAGR stands at -16.5%.

FY2025 Free Cash Flow$61.3M▲ +79.5% YoY

Trailing 12M (TTM)$35.9Mtrailing 4 quarters sum

FCF Margin3.0%$61.3M ÷ revenue

3-Year CAGR+15.9%FY2022 → FY2025

5-Year CAGR-16.5%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PZZA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$126.0M(65M)$61.3M▲ +79.5%3.0%

FY2024$106.6M(72M)$34.1M▼ 70.7%1.7%

FY2023$193.1M(77M)$116.4M▲ +195.4%5.5%

FY2022$117.8M(78M)$39.4M▼ 66.1%1.9%

FY2021$184.7M(69M)$116.1M▼ 23.0%5.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PZZA · P/FCF · FCF yield · FCF per share

Papa John's International, Inc. (PZZA) trades at a FCF yield of 3.45% and a price-to-free-cash-flow ratio of 29.0x. FCF per share stands at $1.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.45%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x29.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x54.5

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-28

Cash flow statement summary

PZZA · cash flow statement · operating / investing / financing

For FY2025, Papa John's International, Inc. generated $126.0M in operating cash flow and spent 65M in capital expenditures, yielding $61.3M in free cash flow.

Operating Activities

+$126.0M

Cash from core business operations

2025-12-28

Investing Activities

−$21.5M

CapEx, acquisitions & investments

2025-12-28

Financing Activities

−$106.3M

Buybacks, dividends & debt

2025-12-28

FCF FormulaOperating CF ($126.0M) − |CapEx| (65M) = FCF ($61.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

PZZA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Papa John's International, Inc.YOU

PZZA

$61.3M+79.5%3.0%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Papa John's International, Inc. (PZZA) reported free cash flow of $61.3M for FY2025 (fiscal year ending 2025-12-28), up 79.5% year-over-year. The FCF margin was 3.0%.

Based on available data, Papa John's International, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $150.8M in FY2020. The 5-year CAGR stands at -16.5%.

Papa John's International, Inc.'s FCF yield is 3.45% and price-to-FCF ratio is 29.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PZZA free cash flow · 8 questions

Papa John's International, Inc. free cash flow was $61.3M for FY2025, up 79.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $35.9M.

PZZA free cash flowPZZA FCFPZZA FCF 2025PZZA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Papa John's International, Inc. · Papa John's International, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026