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Papa Johns International vs BJs Restaurants: PZZA and BJRI compared
Papa Johns International is the larger company: $455M of revenue in its latest quarter (Q3 2026) against $359M for BJs Restaurants (Q3 2026). BJs Restaurants is growing faster (+9% against -10% a year earlier). Papa Johns International is more profitable, with an operating margin of 3.1% against 1.5%.
Where the money goes: PZZA and BJRI
Papa Johns International (PZZA) · Q3 2026
Papa Johns International, Q3 2026: revenue $455M (-10% year over year), operating margin 3.1%, net earnings $3.3M, operating cash flow $22.7M. The chart follows the revenue to costs, profit and cash.
BJs Restaurants (BJRI) · Q3 2026
BJs Restaurants, Q3 2026: revenue $359M (+9% year over year), operating margin 1.5%, net earnings $5.3M, operating cash flow $41.7M. The chart follows the revenue to costs, profit and cash.
| Papa Johns International (PZZA) | BJs Restaurants (BJRI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $455M | $359M |
| Revenue growth, Y/Y | -10% | +9% |
| Operating margin | 3.1% | 1.5% |
| Net earnings | $3.3M | $5.3M |
| Net margin | 0.7% | 1.5% |
| Operating cash flow | $22.7M | $41.7M |
| Free cash flow | $9.7M | $22.2M |
| Market value | $654M | $1.3B |
| P/E | 23.7× | 27.5× |
| Analysts’ mean target | $23.50 | $74.71 |
Where the revenue comes from
Papa Johns International
- Commissary revenues: $222M (49%)
- Company-owned restaurant sales: $131M (29%)
- Franchise royalties and fees: $43.1M (9%)
- Advertising funds revenue: $36.7M (8%)
Questions
Which is bigger, Papa Johns International or BJs Restaurants?
Papa Johns International is the larger company: $455M of revenue in its latest quarter (Q3 2026) against $359M for BJs Restaurants (Q3 2026).
Is Papa Johns International or BJs Restaurants growing faster?
BJs Restaurants is growing faster (+9% against -10% a year earlier).
Which is more profitable, Papa Johns International or BJs Restaurants?
Papa Johns International is more profitable, with an operating margin of 3.1% against 1.5%.
More: Papa Johns International earnings · how Papa Johns International makes money · BJs Restaurants earnings · how BJs Restaurants makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.