Papa John's International Inc (PZZA)

Pretax margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Earnings before tax but after interest (EBT) US$ in thousands 102,972 82,192 146,009 72,680 4,255
Revenue US$ in thousands 2,145,070 2,088,400 2,068,420 1,813,230 1,619,250
Pretax margin 4.80% 3.94% 7.06% 4.01% 0.26%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $102,972K ÷ $2,145,070K
= 4.80%

The pretax margin of Papa John's International Inc. has shown fluctuations over the past five years, ranging from 0.31% in 2019 to 7.30% in 2021. In 2023, the pretax margin increased to 4.85% compared to 3.99% in 2022. The improvement in the pretax margin from 2022 to 2023 indicates increased profitability before accounting for taxes. It is essential for the company to sustain or further enhance this margin to ensure efficient cost management and revenue generation.


Peer comparison

Dec 31, 2023