Portillo'S Inc. Financials
Portillo'S Inc. (PTLO) reported $732.1M in revenue for fiscal year 2025, up 3.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Restaurant expansion is absorbing most operating cash, leaving reported earnings ahead of the cash owners actually keep.
In FY2025, operating cash flow was$71.9M while capital spending reached$90.4M , so positive earnings still turned into negative free cash flow. The same cash squeeze appeared in FY2023 as well, even though long-term debt ended FY2025 below FY2023 levels, which implies the business is trying to expand and de-lever simultaneously rather than harvest cash.
Recent revenue growth came with a lower operating margin, moving from
The liquidity profile is tighter than the debt headline alone suggests: the current ratio fell to 0.3x while cash was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Portillo'S Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Portillo'S Inc. has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is down from 8.2% the prior year.
Portillo'S Inc.'s revenue grew a modest 3.0% year-over-year to $732.1M. This slow but positive growth earns a score of 45/100.
Portillo'S Inc. has elevated debt relative to equity (D/E of 0.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 21/100, reflecting increased financial risk.
Portillo'S Inc.'s current ratio of 0.27 is below the typical benchmark, resulting in a score of 2/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Portillo'S Inc. generated $71.9M in operating cash flow, capex of $90.4M consumed most of it, leaving -$18.5M in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.
Portillo'S Inc.'s ROE of 4.5% shows moderate profitability relative to equity, earning a score of 60/100. This is down from 8.8% the prior year.
Portillo'S Inc. scores 0.69, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Portillo'S Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Portillo'S Inc. generates $3.41 in operating cash flow ($71.9M OCF vs $21.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Portillo'S Inc. earns $1.91 in operating income for every $1 of interest expense ($43.7M vs $22.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Portillo'S Inc. generated $732.1M in revenue in fiscal year 2025. This represents an increase of 3.0% from the prior year.
Portillo'S Inc.'s EBITDA was $72.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 14.7% from the prior year.
Portillo'S Inc. reported $21.1M in net income in fiscal year 2025. This represents a decrease of 39.9% from the prior year.
Portillo'S Inc. earned $0.27 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 41.3% from the prior year.
Cash & Balance Sheet
Portillo'S Inc. recorded an outflow of $18.5M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 288.1% from the prior year.
Portillo'S Inc. held $20.0M in cash against $238.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Portillo'S Inc.'s operating margin was 6.0% in fiscal year 2025, reflecting core business profitability. This is down 2.2 percentage points from the prior year.
Portillo'S Inc.'s net profit margin was 2.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.1 percentage points from the prior year.
Portillo'S Inc.'s ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Portillo'S Inc. invested $90.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.5% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
PTLO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $748.8M | $732.1M+3.0% | $710.6M+4.5% | $679.9M+15.8% | $587.1M+9.7% | $535.0M+17.5% | $455.5M-5.0% | $479.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | $204.2M+22.5% | $166.8M+17.1% | $142.4M-4.4% | $149.1M |
| Gross Profit | N/A | N/A | N/A | N/A | $382.9M+4.0% | $368.2M+17.6% | $313.0M-5.2% | $330.4M |
| SG&A Expenses | $79.4M | $77.1M+2.7% | $75.1M-4.8% | $78.8M+17.9% | $66.9M-23.2% | $87.1M+118.5% | $39.9M-7.6% | $43.1M |
| Operating Income | $34.0M | $43.7M-24.7% | $58.0M+4.7% | $55.4M+34.3% | $41.3M+37.5% | $30.0M-47.6% | $57.3M+17.1% | $48.9M |
| Interest Expense | $22.6M | $22.8M-11.0% | $25.6M-6.7% | $27.5M-0.6% | $27.6M-30.4% | $39.7M-11.9% | $45.0M+3.8% | $43.4M |
| Income Tax | -$437K | $3.0M-55.9% | $6.8M+109.3% | $3.2M+78.2% | $1.8M+151.6% | -$3.5M | $0 | $0 |
| Net Income | $15.6M | $21.1M-39.9% | $35.1M+41.3% | $24.8M+44.7% | $17.2M+227.9% | -$13.4M-62.4% | -$8.3M+35.8% | -$12.9M |
| EPS (Diluted) | — | $0.27-41.3% | $0.46+43.8% | $0.32+28.0% | $0.25 | -$0.42 | -$0.16+36.0% | -$0.25 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTLO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.6B+7.1% | $1.5B+8.3% | $1.4B+8.2% | $1.3B+28.1% | $999.6M+9.8% | $910.2M | N/A |
| Current Assets | $51.5M-2.2% | $52.7M+25.6% | $41.9M-35.8% | $65.3M+10.7% | $59.0M+8.0% | $54.6M | N/A |
| Cash & Equivalents | $20.0M-12.7% | $22.9M+119.2% | $10.4M-76.5% | $44.4M+13.2% | $39.3M-4.7% | $41.2M+82.1% | $22.6M |
| Inventory | $8.2M+3.7% | $7.9M-9.4% | $8.7M+18.2% | $7.4M+21.5% | $6.1M+19.8% | $5.1M | N/A |
| Accounts Receivable | $7.2M+22.1% | $5.9M-2.9% | $6.1M+13.6% | $5.4M-31.5% | $7.8M+50.7% | $5.2M | N/A |
| Goodwill | $394.3M0.0% | $394.3M0.0% | $394.3M0.0% | $394.3M0.0% | $394.3M0.0% | $394.3M | N/A |
| Total Liabilities | $1.1B+9.8% | $1.0B+9.1% | $925.4M+9.2% | $847.2M+2.3% | $828.3M+7.6% | $769.5M | N/A |
| Current Liabilities | $194.0M+43.1% | $135.6M+29.2% | $104.9M+35.7% | $77.3M+15.5% | $66.9M+0.9% | $66.4M | N/A |
| Long-Term Debt | $238.0M-13.6% | $275.4M-3.0% | $283.9M-9.7% | $314.4M-0.4% | $315.8M-32.3% | $466.4M | N/A |
| Total Equity | $467.8M+16.6% | $401.1M+24.4% | $322.4M+25.8% | $256.3M+49.7% | $171.3M+21.7% | $140.7M-4.8% | $147.7M |
| Retained Earnings | $62.5M+44.9% | $43.1M+216.8% | $13.6M+382.9% | -$4.8M+69.8% | -$15.9M | $0 | N/A |
PTLO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $78.3M | $71.9M-26.7% | $98.0M+38.5% | $70.8M+24.4% | $56.9M+32.7% | $42.9M-26.4% | $58.3M+34.5% | $43.3M |
| Capital Expenditures | $87.5M | $90.4M+2.5% | $88.2M+0.3% | $87.9M+86.8% | $47.1M+30.1% | $36.2M+68.7% | $21.5M-2.7% | $22.0M |
| Free Cash Flow | -$9.2M | -$18.5M-288.1% | $9.8M+157.5% | -$17.1M-274.4% | $9.8M+46.9% | $6.7M-81.8% | $36.8M+73.0% | $21.3M |
| Investing Cash Flow | -$87.1M | -$90.2M-2.4% | -$88.1M-0.3% | -$87.8M-86.8% | -$47.0M-29.7% | -$36.3M-69.3% | -$21.4M+2.7% | -$22.0M |
| Financing Cash Flow | $13.4M | $15.4M+511.8% | $2.5M+114.8% | -$16.9M-259.7% | -$4.7M+46.4% | -$8.8M+51.3% | -$18.0M-54.0% | -$11.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PTLO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 65.2%-3.6pp | 68.8%+0.1pp | 68.7%-0.2pp | 68.9% |
| Operating Margin | 6.0%-2.2pp | 8.2%0.0pp | 8.2%+1.1pp | 7.0%+1.4pp | 5.6%-7.0pp | 12.6%+2.4pp | 10.2% |
| Net Margin | 2.9%-2.1pp | 4.9%+1.3pp | 3.6%+0.7pp | 2.9%+5.4pp | -2.5%-0.7pp | -1.8%+0.9pp | -2.7% |
| Return on Equity | 4.5%-4.2pp | 8.8%+1.0pp | 7.7%+1.0pp | 6.7%+14.5pp | -7.8%-2.0pp | -5.9%+2.8pp | -8.7% |
| Return on Assets | 1.3%-1.0pp | 2.3%+0.6pp | 1.8%+0.4pp | 1.3%+2.7pp | -1.3%-0.4pp | -0.9% | N/A |
| Current Ratio | 0.27-0.1x | 0.390.0x | 0.40-0.4x | 0.850.0x | 0.88+0.1x | 0.82 | N/A |
| Debt-to-Equity | 0.51-0.2x | 0.69-0.2x | 0.88-0.3x | 1.23-0.6x | 1.84-1.5x | 3.31 | N/A |
| FCF Margin | -2.5%-3.9pp | 1.4%+3.9pp | -2.5%-4.2pp | 1.7%+0.4pp | 1.3%-6.8pp | 8.1%+3.6pp | 4.4% |
Note: The current ratio is below 1.0 (0.27), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Portillo'S Inc. Ranks
Frequently Asked Questions
What is Portillo'S Inc.'s annual revenue?
Portillo'S Inc. (PTLO) reported $732.1M in total revenue for fiscal year 2025. This represents a 3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Portillo'S Inc.'s revenue growing?
Portillo'S Inc. (PTLO) revenue grew by 3.0% year-over-year, from $710.6M to $732.1M in fiscal year 2025.
Is Portillo'S Inc. profitable?
Yes, Portillo'S Inc. (PTLO) reported a net income of $21.1M in fiscal year 2025, with a net profit margin of 2.9%.
What is Portillo'S Inc.'s EBITDA?
Portillo'S Inc. (PTLO) had EBITDA of $72.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Portillo'S Inc. have?
As of fiscal year 2025, Portillo'S Inc. (PTLO) had $20.0M in cash and equivalents against $238.0M in long-term debt.
What is Portillo'S Inc.'s operating margin?
Portillo'S Inc. (PTLO) had an operating margin of 6.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Portillo'S Inc.'s net profit margin?
Portillo'S Inc. (PTLO) had a net profit margin of 2.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Portillo'S Inc.'s return on equity (ROE)?
Portillo'S Inc. (PTLO) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Portillo'S Inc.'s free cash flow?
Portillo'S Inc. (PTLO) recorded an outflow of $18.5M in free cash flow during fiscal year 2025. This represents a -288.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Portillo'S Inc.'s operating cash flow?
Portillo'S Inc. (PTLO) generated $71.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Portillo'S Inc.'s total assets?
Portillo'S Inc. (PTLO) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Portillo'S Inc.'s capital expenditures?
Portillo'S Inc. (PTLO) invested $90.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Portillo'S Inc.'s current ratio?
Portillo'S Inc. (PTLO) had a current ratio of 0.27 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Portillo'S Inc.'s debt-to-equity ratio?
Portillo'S Inc. (PTLO) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Portillo'S Inc.'s return on assets (ROA)?
Portillo'S Inc. (PTLO) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Portillo'S Inc.'s Altman Z-Score?
Portillo'S Inc. (PTLO) has an Altman Z-Score of 0.69, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Portillo'S Inc.'s Piotroski F-Score?
Portillo'S Inc. (PTLO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Portillo'S Inc.'s earnings high quality?
Portillo'S Inc. (PTLO) has an earnings quality ratio of 3.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Portillo'S Inc. cover its interest payments?
Portillo'S Inc. (PTLO) has an interest coverage ratio of 1.91x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Portillo'S Inc.?
Portillo'S Inc. (PTLO) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.