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Papa Johns International vs Wendy's

Papa Johns International and Wendy's are similar in size: $2.05bn and $2.18bn of revenue in their latest fiscal years. Papa Johns International grew faster (-0.3% against -3.1%). Wendy's kept more of each dollar of sales as profit: a net margin of 7.6% against 1.5%.

Latest fiscal yearPapa Johns InternationalPZZA, 2025Wendy'sWEN, 2025
Revenue $2.05bn $2.18bn
Revenue growth -0.3% -3.1%
Net income $30.5m $165m
Operating margin 4.3% 15.8%
Net margin 1.5% 7.6%
Return on equity — 87.6%
Free cash flow $61.3m $243m
Cash $34.6m $301m
Total debt $722m $2.79bn
Debt to equity — 2376.1%
Dividend per share $1.84 $0.67
Dividend yield 9.9% 7.7%
Share buybacks $0 $201m
Employees — —
Market value $607m $1.38bn
Price vs our value range — Below our value range
Moat score 53 (Moderate) 73 (Strong)
Insider trades, 12 months 0 buys, 0 sales 2 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.