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Portillo's (PTLO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Portillo's (PTLO) Q3 2026 earnings results →
Q3 2026 Revenue up 7% year over year to $194M · 2¢ of every $1 of revenue kept as net profit · operating margin 6.1%
Portillo's made $194M in Q3 2026 (+7% Y/Y). Operating margin 6.1%, net earnings $4.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $194.1M in Q3 2026, up 7% year over year and down 2% from the previous quarter.
Operating profit was $11.8M, a 6.1% margin (up 3.1 points year over year). Of the extra revenue versus Q3 2025, 50% reached operating profit, above the 3% margin then. Total costs grew 4% against revenue growth of 7%. Net earnings were $4.5M, up 271% year over year. The effective tax rate was 27.4%.
Operating cash flow was $26.7M (up 33% year over year), 561% of net income including minority interests. Non-cash charges added back $8.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $11.3M. Capital expenditures of $9.9M left free cash flow of $16.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $194M | +7% | 6.1% | $4.5M | $26.7M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $199M | +6% | 6.9% | $6.9M | $17.6M |
| Q1 2026 | 10-Q | May 5, 2026 | $183M | +4% | 2.5% | −$509K | $17.6M |
| Q4 2025 | 10-K | Feb 24, 2026 | $186M | +0.6% | 5.6% | $6.1M | $23.2M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $181M | +2% | 3.0% | $782K | $20.0M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $188M | +4% | 9.3% | $8.7M | $19.2M |
| Q1 2025 | 10-Q | May 6, 2025 | $176M | +6% | 5.9% | $3.3M | $9.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Portillo's
Portillo’s Inc. (the “Company") was incorporated as a Delaware corporation on June 8, 2021, for the purpose of facilitating an initial public offering ("IPO") and other related transactions in order to carry on the business of PHD Group Holdings LLC and its subsidiaries (“Portillo’s OpCo”). The Company became the sole managing member of Portillo’s OpCo and operates and controls all of the business and affairs of Portillo's OpCo. As a result, the Company consolidates the financial results of Portillo's OpCo and reports a non-controlling interest representing the economic interest in Portillo's OpCo held by the other members of Portillo's OpCo (the "pre-IPO LLC Members"). Portillo’s Inc.
In its own words, from its 10-K, filed Feb 24, 2026.
Portillo's against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +7%. Operating margin: 6.1% against the peers' median 13.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PTLO Portillo's | Q3 2026 | $194M | +7% | 6.1% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: Portillo's 10-Q on SEC EDGAR · CIK 1871509 · Retail-Eating Places
Guidance and outlook
13F: who owns PTLO and who is buying
More on PTLO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results