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Papa Johns International vs Cava Group: PZZA and CAVA compared
Papa Johns International is the larger company: $455M of revenue in its latest quarter (Q3 2026) against $356M for Cava Group (Q3 2026). Cava Group is growing faster (+22% against -10% a year earlier). Cava Group is more profitable, with an operating margin of 4.2% against 3.1%.
Where the money goes: PZZA and CAVA
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.
Cava Group (CAVA) · Q3 2026
Cava Group, Q3 2026: revenue $356M (+22% year over year), operating margin 4.2%, net earnings $13.2M, operating cash flow $47.1M. The chart follows the revenue to costs, profit and cash.
| Papa Johns International (PZZA) | Cava Group (CAVA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $455M | $356M |
| Revenue growth, Y/Y | -10% | +22% |
| Operating margin | 3.1% | 4.2% |
| Net earnings | $3.3M | $13.2M |
| Net margin | 0.7% | 3.7% |
| Operating cash flow | $22.7M | $47.1M |
| Free cash flow | $9.7M | — |
| Market value | $654M | $7.0B |
| P/E | 23.7× | 109.8× |
| Analysts’ mean target | $23.50 | $80.08 |
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%)
Cava Group
- Restaurant revenue: $354M (99%)
- CPG revenue and other: $2.7M (1%)
Questions
Which is bigger, Papa Johns International or Cava Group?
Papa Johns International is the larger company: $455M of revenue in its latest quarter (Q3 2026) against $356M for Cava Group (Q3 2026).
Is Papa Johns International or Cava Group growing faster?
Cava Group is growing faster (+22% against -10% a year earlier).
Which is more profitable, Papa Johns International or Cava Group?
Cava Group is more profitable, with an operating margin of 4.2% against 3.1%.
More: Papa Johns International earnings · how Papa Johns International makes money · Cava Group earnings · how Cava Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.