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Jersey Mike's Subs vs Portillo's: JMKE and PTLO compared
Jersey Mike's Subs is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $194M for Portillo's (Q3 2026). Jersey Mike's Subs is growing faster (+10% against +7% a year earlier). Jersey Mike's Subs is more profitable, with an operating margin of 23.0% against 6.1%.
Where the money goes: JMKE and PTLO
Jersey Mike's Subs (JMKE) · Q3 2026
Jersey Mike's Subs, Q3 2026: revenue $209M (+10% year over year), operating margin 23.0%, net earnings $12.0M. The chart follows the revenue to costs, profit and cash.
Portillo's (PTLO) · Q3 2026
Portillo's, Q3 2026: revenue $194M (+7% year over year), operating margin 6.1%, net earnings $4.5M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
| Jersey Mike's Subs (JMKE) | Portillo's (PTLO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $209M | $194M |
| Revenue growth, Y/Y | +10% | +7% |
| Operating margin | 23.0% | 6.1% |
| Net earnings | $12.0M | $4.5M |
| Net margin | 5.7% | 2.3% |
| Operating cash flow | — | $26.7M |
| Free cash flow | — | $16.8M |
Where the revenue comes from
Jersey Mike's Subs
- Royalties and other revenues: $143M (68%)
- Advertising revenue: $57.0M (27%)
- Company-owned stores sales: $9.0M (4%)
Questions
Which is bigger, Jersey Mike's Subs or Portillo's?
Jersey Mike's Subs is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $194M for Portillo's (Q3 2026).
Is Jersey Mike's Subs or Portillo's growing faster?
Jersey Mike's Subs is growing faster (+10% against +7% a year earlier).
Which is more profitable, Jersey Mike's Subs or Portillo's?
Jersey Mike's Subs is more profitable, with an operating margin of 23.0% against 6.1%.
More: Jersey Mike's Subs earnings · how Jersey Mike's Subs makes money · Portillo's earnings · how Portillo's makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.