NASDAQ : PTLO
Portillo's Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 4.87 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 369.84M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Portillo's Inc. (PTLO) reported revenue of 748.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 748.75M | 732.07M | 710.55M | 679.90M | 587.10M | 534.95M |
| Cost of Revenue | 593.39M | 573.66M | 542.44M | 514.73M | 454.60M | 392.87M |
| Gross Profit | 155.36M | 158.40M | 168.11M | 165.17M | 132.51M | 142.08M |
| Selling, General & Admin | 70.61M | 70.67M | 75.09M | 78.83M | 66.89M | 87.09M |
| Other Operating Expenses | -2.31M | -1.69M | -1.50M | -1.63M | -602.00K | -1.35M |
| Operating Expenses | 109.51M | 106.89M | 110.12M | 110.54M | 91.91M | 112.61M |
| Operating Income | 45.85M | 51.51M | 57.99M | 54.63M | 40.59M | 29.47M |
| Interest Expense | -22.63M | -22.81M | -25.62M | -27.47M | -27.64M | -39.69M |
| Interest & Investment Income | 235.00K | 275.00K | 309.00K | 212.00K | ||
| Earnings From Equity Investments | 1.34M | 1.27M | 1.23M | 1.40M | 1.08M | 797.00K |
| Other Non Operating Income (Expenses) | 1.63M | 2.94M | 9.15M | 3.35M | 5.34M | |
| EBT Excluding Unusual Items | 26.42M | 33.20M | 43.06M | 32.12M | 19.38M | -9.43M |
| Merger & Restructuring Charges | -8.76M | -6.47M | ||||
| Gain (Loss) on Sale of Assets | -499.00K | -434.00K | -528.00K | -592.00K | -398.00K | -256.00K |
| Asset Writedown | -2.20M | -2.20M | -657.00K | |||
| Other Unusual Items | -3.46M | -7.26M | ||||
| Pretax Income | 13.27M | 24.09M | 41.88M | 28.07M | 18.98M | -16.95M |
| Income Tax Expense | -437.00K | 3.00M | 6.80M | 3.25M | 1.82M | -3.53M |
| Earnings From Continuing Operations | 13.71M | 21.09M | 35.08M | 24.82M | 17.16M | -13.42M |
| Minority Interest in Earnings | 165.00K | -1.75M | -5.56M | -6.39M | -6.31M | -19.41M |
| Net Income | 13.87M | 19.34M | 29.52M | 18.42M | 10.85M | -32.82M |
| Preferred Dividends & Other Adjustments | 21.18M | |||||
| Net Income to Common | 13.87M | 19.34M | 29.52M | 18.42M | 10.85M | -54.00M |
| Shares Outstanding (Basic) | 72.08M | 68.82M | 61.05M | 53.81M | 38.90M | 35.81M |
| Shares Outstanding (Diluted) | 73.58M | 71.09M | 63.98M | 57.31M | 42.72M | 35.81M |
| EPS (Basic) | 0.19 | 0.28 | 0.48 | 0.34 | 0.28 | -1.51 |
| EPS (Diluted) | 0.18 | 0.27 | 0.46 | 0.32 | 0.25 | -1.51 |
| Free Cash Flow | -9.16M | -18.52M | 9.85M | -17.14M | 9.83M | 6.69M |
| Free Cash Flow Per Share | -0.12 | -0.26 | 0.15 | -0.30 | 0.23 | 0.19 |
| Gross Margin | 20.75% | 21.64% | 23.66% | 24.29% | 22.57% | 26.56% |
| Operating Margin | 6.12% | 7.04% | 8.16% | 8.04% | 6.91% | 5.51% |
| Profit Margin | 1.85% | 2.64% | 4.15% | 2.71% | 1.85% | -10.09% |
| Free Cash Flow Margin | -1.22% | -2.53% | 1.39% | -2.52% | 1.67% | 1.25% |
| EBITDA | 76.97M | 80.62M | 85.29M | 78.94M | 61.50M | 52.78M |
| EBITDA Margin | 10.28% | 11.01% | 12.00% | 11.61% | 10.47% | 9.87% |
| D&A For EBITDA | 31.12M | 29.11M | 27.30M | 24.31M | 20.91M | 23.31M |
| EBIT | 45.85M | 51.51M | 57.99M | 54.63M | 40.59M | 29.47M |
| EBIT Margin | 6.12% | 7.04% | 8.16% | 8.04% | 6.91% | 5.51% |
| Effective Tax Rate | 12.44% | 16.24% | 11.57% | 9.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 21.25M | 19.96M | 22.88M | 10.44M | 44.43M | 39.26M |
| Cash & Short-Term Investments | 21.25M | 19.96M | 22.88M | 10.44M | 44.43M | 39.26M |
| Receivables | 11.27M | 16.50M | 14.79M | 14.18M | 8.59M | 7.84M |
| Inventory | 11.13M | 8.21M | 7.92M | 8.73M | 7.39M | 6.08M |
| Prepaid Expenses | 6.11M | 5.84M | 6.17M | 6.25M | 4.42M | 5.34M |
| Other Current Assets | 1.00M | 900.00K | 2.31M | 504.00K | 494.00K | |
| Total Current Assets | 49.77M | 51.52M | 52.65M | 41.92M | 65.33M | 59.02M |
| Property, Plant & Equipment | 704.26M | 681.35M | 581.37M | 489.62M | 393.84M | 190.83M |
| Long-Term Investments | 15.65M | 15.70M | 16.06M | 16.68M | 16.27M | 16.17M |
| Goodwill | 394.30M | 394.30M | 394.30M | 394.30M | 394.30M | 394.30M |
| Other Intangible Assets | 243.76M | 247.32M | 252.52M | 254.54M | 255.72M | 259.76M |
| Long-Term Deferred Tax Assets | 209.70M | 211.27M | 197.41M | 184.70M | 150.50M | 74.45M |
| Other Long-Term Assets | 7.08M | 5.09M | 5.78M | 3.79M | 4.12M | 5.04M |
| Total Assets | 1.62B | 1.61B | 1.50B | 1.39B | 1.28B | 999.57M |
| Accounts Payable | 38.33M | 43.21M | 45.52M | 33.19M | 30.27M | 27.25M |
| Accrued Expenses | 32.68M | 32.24M | 33.07M | 32.04M | 29.91M | 29.47M |
| Short-Term Debt | 97.00M | 90.00M | 25.00M | 15.00M | ||
| Current Portion of Long-Term Debt | 6.25M | 6.25M | 11.25M | 7.50M | 4.16M | 3.32M |
| Current Portion of Leases | 8.03M | 6.88M | 6.01M | 5.58M | 4.85M | |
| Current Unearned Revenue | 5.20M | 7.47M | 7.03M | 7.18M | 7.29M | 6.89M |
| Other Current Liabilities | 1.34M | 7.91M | 7.69M | 4.43M | 813.00K | |
| Total Current Liabilities | 188.82M | 193.96M | 135.57M | 104.91M | 77.30M | 66.94M |
| Long-Term Debt | 235.19M | 237.98M | 275.42M | 283.92M | 314.43M | 315.83M |
| Long-Term Leases | 344.92M | 329.19M | 278.54M | 238.41M | 200.17M | |
| Other Long-Term Liabilities | 345.64M | 348.14M | 320.45M | 298.18M | 255.29M | 193.40M |
| Total Liabilities | 1.11B | 1.11B | 1.01B | 925.43M | 847.18M | 576.17M |
| Common Stock | 725.00K | 720.00K | 637.00K | 555.00K | 484.00K | 358.00K |
| Additional Paid-In Capital | 410.39M | 404.60M | 357.30M | 308.21M | 260.66M | 186.86M |
| Retained Earnings | 69.02M | 62.47M | 43.13M | 13.61M | -4.81M | -15.95M |
| Total Common Equity | 480.13M | 467.80M | 401.06M | 322.38M | 256.34M | 171.26M |
| Minority Interest | 29.82M | 29.48M | 89.04M | 137.73M | 176.56M | 252.14M |
| Shareholders' Equity | 509.95M | 497.27M | 490.10M | 460.11M | 432.90M | 423.41M |
| Total Liabilities & Equity | 1.62B | 1.61B | 1.50B | 1.39B | 1.28B | 999.57M |
| Total Debt | 691.39M | 670.29M | 596.23M | 550.41M | 523.60M | 319.15M |
| Net Cash (Debt) | -670.13M | -650.33M | -573.35M | -539.98M | -479.17M | -279.89M |
| Net Cash Per Share | -9.11 | -9.15 | -8.96 | -9.42 | -11.22 | -7.82 |
| Filing Date Shares Outstanding | 72.52M | 72.07M | 63.87M | 55.65M | 48.54M | 35.81M |
| Total Common Shares Outstanding | 72.50M | 71.97M | 63.67M | 55.50M | 48.42M | 35.81M |
| Working Capital | -139.05M | -142.44M | -82.92M | -62.99M | -11.97M | -7.92M |
| Book Value Per Share | 6.62 | 6.50 | 6.30 | 5.81 | 5.29 | 4.78 |
| Tangible Book Value | -157.93M | -173.82M | -245.76M | -326.45M | -393.69M | -482.79M |
| Tangible Book Value Per Share | -2.18 | -2.42 | -3.86 | -5.88 | -8.13 | -13.48 |
| Land | 28.17M | 26.94M | 24.10M | |||
| Buildings | 5.81M | 5.79M | 5.08M | |||
| Machinery | 210.90M | 197.30M | 179.49M | 158.75M | 128.41M | 117.39M |
| Construction In Progress | 3.89M | 34.38M | 12.35M | 16.81M | 35.39M | 8.30M |
| Leasehold Improvements | 366.75M | 327.14M | 286.00M | 227.08M | 153.34M | 138.92M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 13.87M | 19.34M | 29.52M | 18.42M | 10.85M | -32.82M |
| Depreciation & Amortization | 31.12M | 29.11M | 27.30M | 24.31M | 20.91M | 23.31M |
| Other Amortization | 684.00K | 692.00K | 873.00K | 1.00M | 2.75M | 3.61M |
| Loss (Gain) From Sale of Assets | 501.00K | 434.00K | 528.00K | 592.00K | 398.00K | 256.00K |
| Asset Writedown & Restructuring Costs | 2.20M | 2.20M | 657.00K | |||
| Stock-Based Compensation | 7.72M | 6.49M | 11.15M | 15.54M | 16.14M | 29.39M |
| Other Operating Activities | -3.14M | 942.00K | 2.33M | 8.84M | 1.98M | 26.16M |
| Change in Accounts Receivable | -560.00K | -1.54M | 862.00K | -679.00K | 191.00K | -777.00K |
| Change in Inventory | -1.03M | -292.00K | 818.00K | -1.35M | -1.31M | -1.00M |
| Change in Accounts Payable | 7.91M | 316.00K | 11.28M | 209.00K | -3.62M | 1.79M |
| Change in Other Net Operating Assets | 19.08M | 14.21M | 12.72M | 3.88M | 8.60M | -7.03M |
| Operating Cash Flow | 78.35M | 71.91M | 98.04M | 70.78M | 56.89M | 42.87M |
| Capital Expenditures | -87.51M | -90.44M | -88.19M | -87.92M | -47.06M | -36.18M |
| Sale of Property, Plant & Equipment | 44.00K | 123.00K | ||||
| Investment in Securities | -200.00K | |||||
| Other Investing Activities | 409.00K | 242.00K | 77.00K | 81.00K | ||
| Investing Cash Flow | -87.10M | -90.19M | -88.11M | -87.84M | -47.02M | -36.26M |
| Short-Term Debt Issued | 65.00M | 10.00M | 15.00M | |||
| Long-Term Debt Issued | 300.00M | |||||
| Total Debt Issued | 27.00M | 65.00M | 10.00M | 315.00M | ||
| Long-Term Debt Repaid | -41.88M | -5.62M | -328.05M | -3.32M | -158.32M | |
| Total Debt Repaid | -6.25M | -41.88M | -5.62M | -328.05M | -3.32M | -158.32M |
| Net Debt Issued (Repaid) | 20.75M | 23.12M | 4.38M | -13.05M | -3.32M | -158.32M |
| Issuance of Common Stock | 739.00K | 3.18M | 119.80M | 181.71M | 366.98M | 437.68M |
| Repurchase of Common Stock | -848.00K | -1.05M | -116.39M | -180.81M | -367.59M | -57.01M |
| Other Financing Activities | -7.26M | -9.89M | -5.27M | -4.78M | -771.00K | -9.38M |
| Financing Cash Flow | 13.38M | 15.37M | 2.51M | -16.93M | -4.71M | -8.78M |
| Net Cash Flow | 4.63M | -2.91M | 12.44M | -33.99M | 5.16M | -2.17M |
| Free Cash Flow | -9.16M | -18.52M | 9.85M | -17.14M | 9.83M | 6.69M |
| Free Cash Flow Margin | -1.22% | -2.53% | 1.39% | -2.52% | 1.67% | 1.25% |
| Free Cash Flow Per Share | -0.12 | -0.26 | 0.15 | -0.30 | 0.23 | 0.19 |
| Levered Free Cash Flow | -39.33M | -40.46M | -10.46M | -32.13M | 4.36M | 9.08M |
| Unlevered Free Cash Flow | -25.87M | -26.89M | 4.68M | -15.96M | 18.89M | 30.28M |
| Cash Interest Paid | 22.21M | 22.92M | 19.45M | 28.28M | 23.97M | 43.54M |
| Change in Working Capital | 25.39M | 12.69M | 25.69M | 2.07M | 3.86M | -7.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 396.42M | 338.80M | 562.58M | 883.20M | 866.43M | 1.37B |
| Enterprise Value | 1.07B | 1.01B | 1.21B | 1.54B | 1.36B | 2.01B |
| Last Close Price | 4.87 | 4.71 | 8.98 | 15.93 | 17.19 | 38.34 |
| PE Ratio | 28.44 | 17.51 | 19.06 | 47.94 | 79.85 | |
| Forward PE | 28.59 | 24.49 | 30.70 | 41.27 | 73.09 | |
| PS Ratio | 0.49 | 0.46 | 0.79 | 1.30 | 1.48 | 2.57 |
| PB Ratio | 0.74 | 0.68 | 1.15 | 1.92 | 2.00 | 3.24 |
| P/FCF Ratio | 57.12 | 88.16 | 205.18 | |||
| P/OCF Ratio | 4.72 | 4.71 | 5.74 | 12.48 | 15.23 | 32.02 |
| PEG Ratio | 4.40 | 4.48 | 14.60 | 5.24 | 4.01 | |
| EV/Sales Ratio | 1.39 | 1.37 | 1.71 | 2.27 | 2.31 | 3.76 |
| EV/EBITDA Ratio | 13.51 | 12.48 | 14.24 | 19.52 | 22.10 | 38.10 |
| EV/EBIT Ratio | 22.68 | 19.53 | 20.95 | 28.20 | 33.48 | 68.24 |
| EV/FCF Ratio | 123.35 | 138.28 | 300.57 | |||
| Debt / Equity Ratio | 1.36 | 1.35 | 1.22 | 1.20 | 1.21 | 0.75 |
| Debt / EBITDA Ratio | 5.60 | 5.40 | 4.83 | 4.89 | 5.72 | 6.05 |
| Debt / FCF Ratio | 60.54 | 53.28 | 47.70 | |||
| Net Debt / Equity Ratio | 1.31 | 1.31 | 1.17 | 1.17 | 1.11 | 0.66 |
| Net Debt / EBITDA Ratio | 8.71 | 8.07 | 6.72 | 6.84 | 7.79 | 5.30 |
| Net Debt / FCF Ratio | -73.15 | -35.11 | 58.21 | -31.51 | 48.76 | 41.83 |
| Asset Turnover | 0.47 | 0.47 | 0.49 | 0.51 | 0.52 | 0.56 |
| Inventory Turnover | 55.90 | 71.17 | 65.17 | 63.86 | 67.52 | 70.45 |
| Quick Ratio | 0.17 | 0.19 | 0.28 | 0.23 | 0.69 | 0.70 |
| Current Ratio | 0.26 | 0.27 | 0.39 | 0.40 | 0.84 | 0.88 |
| Return on Equity (ROE) | 2.75% | 4.27% | 7.38% | 5.56% | 4.01% | -3.51% |
| Return on Assets (ROA) | 1.80% | 2.07% | 2.51% | 2.56% | 2.23% | 1.93% |
| Return on Invested Capital (ROIC) | 3.91% | 4.08% | 4.71% | 5.05% | 4.54% | 4.00% |
| Return on Capital Employed (ROCE) | 3.20% | 3.60% | 4.20% | 4.30% | 3.40% | 3.20% |
| Earnings Yield | 3.52% | 5.71% | 5.25% | 2.09% | 1.25% | -2.39% |
| FCF Yield | -2.48% | -5.47% | 1.75% | -1.94% | 1.13% | 0.49% |
| Buyback Yield / Dilution | -10.17% | -11.10% | -11.65% | -34.16% | -19.29% | 30.05% |