NYSE : JMKE
Jersey Mike's Subs Inc. — Financial statements
Consumer Discretionary · Restaurants · United States
Last price 18.29 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.81B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Jersey Mike's Subs Inc. (JMKE) reported revenue of 780.00M 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 | |
|---|---|---|---|---|
| Revenue | 780.00M | 724.00M | 653.00M | 561.00M |
| Cost of Revenue | 265.00M | 239.00M | 250.00M | 232.00M |
| Gross Profit | 515.00M | 485.00M | 403.00M | 329.00M |
| Selling, General & Admin | 250.00M | 172.00M | 342.00M | 262.00M |
| Operating Expenses | 352.00M | 268.00M | 352.00M | 272.00M |
| Operating Income | 163.00M | 217.00M | 51.00M | 57.00M |
| Interest Expense | -117.00M | -104.00M | -43.00M | -41.00M |
| Interest & Investment Income | 7.00M | 10.00M | 5.00M | 6.00M |
| Other Non Operating Income (Expenses) | -1.00M | -1.00M | ||
| EBT Excluding Unusual Items | 52.00M | 122.00M | 13.00M | 22.00M |
| Merger & Restructuring Charges | -21.00M | -14.00M | -7.00M | |
| Other Unusual Items | -2.00M | -52.00M | ||
| Pretax Income | 50.00M | 56.00M | 6.00M | 22.00M |
| Income Tax Expense | 8.00M | 1.00M | 1.00M | 1.00M |
| Net Income | 44.00M | 55.00M | 5.00M | 21.00M |
| Preferred Dividends & Other Adjustments | 4.00M | 4.00M | ||
| Net Income to Common | 40.00M | 51.00M | 5.00M | 21.00M |
| Free Cash Flow | 172.00M | -215.00M | -9.00M | 64.00M |
| Gross Margin | 66.03% | 66.99% | 61.71% | 58.65% |
| Operating Margin | 20.90% | 29.97% | 7.81% | 10.16% |
| Profit Margin | 5.13% | 7.04% | 0.77% | 3.74% |
| Free Cash Flow Margin | 22.05% | -29.70% | -1.38% | 11.41% |
| EBITDA | 265.00M | 313.00M | 61.00M | 67.00M |
| EBITDA Margin | 33.97% | 43.23% | 9.34% | 11.94% |
| D&A For EBITDA | 102.00M | 96.00M | 10.00M | 10.00M |
| EBIT | 163.00M | 217.00M | 51.00M | 57.00M |
| EBIT Margin | 20.90% | 29.97% | 7.81% | 10.16% |
| Effective Tax Rate | 16.00% | 1.79% | 16.67% | 4.54% |
| Revenue as Reported | 780.00M | 724.00M | 653.00M | 561.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 295.00M | 215.00M | 811.00M | |
| Cash & Short-Term Investments | 295.00M | 215.00M | 811.00M | |
| Accounts Receivable | 33.00M | 41.00M | 49.00M | |
| Receivables | 33.00M | 42.00M | 50.00M | |
| Prepaid Expenses | 18.00M | 5.00M | 5.00M | |
| Restricted Cash | 30.00M | 31.00M | 32.00M | |
| Other Current Assets | 12.00M | 4.00M | ||
| Total Current Assets | 376.00M | 305.00M | 902.00M | |
| Property, Plant & Equipment | 9.00M | 45.00M | 99.00M | |
| Goodwill | 407.00M | 395.00M | ||
| Other Intangible Assets | 7.37B | 7.43B | 19.00M | |
| Other Long-Term Assets | 34.00M | 5.00M | 7.00M | |
| Total Assets | 8.47B | 8.18B | 1.04B | |
| Accounts Payable | 23.00M | 22.00M | 19.00M | |
| Accrued Expenses | 34.00M | 23.00M | 14.00M | |
| Current Portion of Long-Term Debt | 22.00M | 19.00M | ||
| Current Portion of Leases | 1.00M | 2.00M | ||
| Current Unearned Revenue | 77.00M | 70.00M | 63.00M | |
| Other Current Liabilities | 13.00M | 17.00M | ||
| Total Current Liabilities | 134.00M | 151.00M | 134.00M | |
| Long-Term Debt | 1.80B | 2.06B | 1.75B | |
| Long-Term Leases | 34.00M | 8.00M | ||
| Long-Term Unearned Revenue | 25.00M | 16.00M | 14.00M | |
| Long-Term Deferred Tax Liabilities | 14.00M | |||
| Other Long-Term Liabilities | 1.64B | 1.00M | 2.00M | |
| Total Liabilities | 3.60B | 2.28B | 1.91B | |
| Common Stock | 6.32B | |||
| Additional Paid-In Capital | 3.31B | 8.00M | ||
| Retained Earnings | -11.00M | -423.00M | -866.00M | |
| Shareholders' Equity | 4.87B | 5.90B | -866.00M | |
| Total Liabilities & Equity | 8.47B | 8.18B | 1.04B | |
| Total Debt | 1.80B | 2.12B | 1.78B | |
| Net Cash (Debt) | -1.50B | -1.90B | -970.00M | |
| Working Capital | 242.00M | 154.00M | 768.00M | |
| Tangible Book Value | -4.48B | -1.92B | -885.00M | |
| Buildings | 6.00M | 12.00M | ||
| Machinery | 5.00M | 50.00M | ||
| Construction In Progress | 41.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -57.00M | 55.00M | 5.00M | 21.00M |
| Depreciation & Amortization | 102.00M | 96.00M | 10.00M | 10.00M |
| Other Amortization | 13.00M | 16.00M | 4.00M | 4.00M |
| Stock-Based Compensation | 44.00M | 8.00M | ||
| Other Operating Activities | 51.00M | -408.00M | 2.00M | 1.00M |
| Change in Accounts Receivable | -1.00M | 8.00M | -7.00M | 5.00M |
| Change in Accounts Payable | 26.00M | 19.00M | 20.00M | 26.00M |
| Change in Other Net Operating Assets | 11.00M | -4.00M | 4.00M | |
| Operating Cash Flow | 174.00M | -210.00M | 38.00M | 67.00M |
| Capital Expenditures | -2.00M | -5.00M | -47.00M | -3.00M |
| Sale (Purchase) of Intangibles | -7.00M | -6.00M | -8.00M | -5.00M |
| Other Investing Activities | 2.00M | 7.00M | -6.00M | -5.00M |
| Investing Cash Flow | -3.00M | -4.00M | -61.00M | -13.00M |
| Long-Term Debt Issued | 400.00M | 781.00M | ||
| Long-Term Debt Repaid | -17.00M | -3.00M | -3.00M | |
| Net Debt Issued (Repaid) | -298.00M | 383.00M | 778.00M | -3.00M |
| Issuance of Common Stock | 302.00M | 1.00M | ||
| Common Dividends Paid | -79.00M | -482.00M | -32.00M | -18.00M |
| Other Financing Activities | -27.00M | 5.00M | -19.00M | |
| Financing Cash Flow | -102.00M | -93.00M | 727.00M | -21.00M |
| Net Cash Flow | 69.00M | -307.00M | 704.00M | 33.00M |
| Free Cash Flow | 172.00M | -215.00M | -9.00M | 64.00M |
| Free Cash Flow Margin | 22.05% | -29.70% | -1.38% | 11.41% |
| Levered Free Cash Flow | 195.62M | |||
| Unlevered Free Cash Flow | 244.62M | |||
| Cash Interest Paid | 109.00M | 82.00M | 37.00M | 37.00M |
| Change in Working Capital | 36.00M | 23.00M | 17.00M | 31.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 5.81B | |||
| Enterprise Value | 7.31B | |||
| Debt / Equity Ratio | 0.37 | 0.36 | -2.06 | |
| Debt / EBITDA Ratio | 6.71 | 6.71 | 28.27 | |
| Debt / FCF Ratio | 10.45 | |||
| Net Debt / Equity Ratio | 0.31 | 0.32 | -1.12 | |
| Net Debt / EBITDA Ratio | 5.67 | 6.08 | 15.90 | |
| Net Debt / FCF Ratio | 8.74 | -8.86 | -107.78 | |
| Asset Turnover | 0.16 | |||
| Quick Ratio | 2.45 | 1.70 | 6.42 | |
| Current Ratio | 2.81 | 2.02 | 6.73 | |
| Return on Equity (ROE) | 2.18% | |||
| Return on Assets (ROA) | 2.94% | |||
| Return on Invested Capital (ROIC) | 1.94% | 4.89% | 4.67% | |
| Return on Capital Employed (ROCE) | 2.00% | 2.70% | 5.60% | |
| Payout Ratio | 207.25% | 876.36% | 640.00% | 85.71% |