Potbelly (PBPB) Financials

$8.01 -0.04 (-0.50%)

As of 11:26 AM Eastern

Annual Income Statements for Potbelly

This table shows Potbelly's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	4.35	5.12	40
Consolidated Net Income / (Loss)	4.71	5.58	41
Net Income / (Loss) Continuing Operations	4.71	5.58	41
Total Pre-Tax Income	5.04	6.49	7.79
Total Operating Income	-3.80	10	11
Total Gross Profit	180	208	213
Total Revenue	452	491	463
Operating Revenue	452	491	463
Total Cost of Revenue	272	283	249
Operating Cost of Revenue	272	283	249
Total Operating Expenses	184	198	202
Selling, General & Admin Expense	113	133	128
Depreciation Expense	12	12	13
Other Operating Expenses / (Income)	55	50	60
Impairment Charge	4.75	3.34	1.26
Other Special Charges / (Income)	0.00	0.12	0.16
Total Other Income / (Expense), net	8.84	-3.52	-3.21
Interest Expense	-8.84	3.52	3.21
Income Tax Expense	0.33	0.91	-34
Net Income / (Loss) Attributable to Noncontrolling Interest	0.37	0.46	1.04
Basic Earnings per Share	$0.15	$0.18	$1.35
Weighted Average Basic Shares Outstanding	28.63M	29.20M	29.84M
Diluted Earnings per Share	$0.15	$0.17	$1.31
Weighted Average Diluted Shares Outstanding	29.07M	30.09M	30.72M
Weighted Average Basic & Diluted Shares Outstanding	28.92M	29.60M	29.88M

This table shows Potbelly's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	9.03	2.66	-1.33	2.22	1.50	2.74	-2.77	35	3.74	4.61
Consolidated Net Income / (Loss)	9.14	2.75	-1.20	2.38	1.65	2.75	-2.67	35	4.08	5.01
Net Income / (Loss) Continuing Operations	9.14	2.75	-1.20	2.38	1.65	2.75	-2.67	35	4.08	5.01
Total Pre-Tax Income	9.13	2.93	-1.10	2.33	1.78	3.47	-2.62	3.94	4.09	2.38
Total Operating Income	-0.71	3.24	-0.19	3.34	2.63	4.22	0.12	4.12	4.25	2.50
Total Gross Profit	47	49	49	53	52	55	47	53	51	63
Total Revenue	118	120	118	127	121	126	111	120	115	117
Operating Revenue	118	120	118	127	121	126	111	120	115	117
Total Cost of Revenue	71	71	70	74	69	71	64	67	65	54
Operating Cost of Revenue	71	71	70	74	69	71	64	67	65	54
Total Operating Expenses	47	46	49	49	49	51	47	49	46	60
Selling, General & Admin Expense	29	29	30	33	33	37	31	33	31	33
Depreciation Expense	2.92	2.80	2.97	2.89	3.04	3.24	3.01	3.02	3.24	3.41
Other Operating Expenses / (Income)	14	13	14	13	13	9.62	12	13	12	24
Impairment Charge	1.62	0.78	1.05	0.66	0.46	1.18	0.74	0.15	0.38	-0.01
Other Special Charges / (Income)	0.00	-	0.02	0.03	0.06	0.00	0.00	0.10	0.06	0.01
Total Other Income / (Expense), net	9.84	-0.31	-0.91	-1.01	-0.85	-0.75	-2.74	-0.18	-0.16	-0.12
Interest Expense	-9.84	0.31	0.91	1.01	0.85	0.75	2.74	0.18	0.16	0.12
Income Tax Expense	-0.00	0.18	0.11	-0.05	0.13	0.72	0.05	-31	0.01	-2.63
Net Income / (Loss) Attributable to Noncontrolling Interest	0.11	0.10	0.12	0.17	0.15	0.02	0.09	0.21	0.34	0.39
Basic Earnings per Share	$0.31	$0.10	($0.05)	$0.08	$0.05	$0.10	($0.09)	$1.16	$0.12	$0.16
Weighted Average Basic Shares Outstanding	28.73M	28.63M	28.91M	29.20M	29.32M	29.20M	29.55M	29.93M	29.94M	29.84M
Diluted Earnings per Share	$0.31	$0.10	($0.05)	$0.07	$0.05	$0.10	($0.09)	$1.13	$0.12	$0.15
Weighted Average Diluted Shares Outstanding	28.87M	29.07M	28.91M	30.09M	30.03M	30.09M	29.55M	30.71M	30.38M	30.72M
Weighted Average Basic & Diluted Shares Outstanding	28.81M	28.92M	29.15M	29.32M	29.36M	29.60M	29.84M	29.95M	29.94M	29.88M

This table details how cash moves in and out of Potbelly's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	1.27	19	-22
Net Cash From Operating Activities	12	19	20
Net Cash From Continuing Operating Activities	12	19	20
Net Income / (Loss) Continuing Operations	4.71	5.58	41
Consolidated Net Income / (Loss)	4.71	5.58	41
Depreciation Expense	12	12	13
Amortization Expense	0.27	0.48	0.23
Non-Cash Adjustments To Reconcile Net Income	-5.47	30	33
Changes in Operating Assets and Liabilities, net	1.07	-29	-67
Net Cash From Investing Activities	-8.43	-11	-19
Net Cash From Continuing Investing Activities	-8.43	-11	-19
Purchase of Property, Plant & Equipment	-8.43	-17	-19
Divestitures	0.00	6.28	0.37
Other Investing Activities, net	0.00	0.00	-0.17
Net Cash From Financing Activities	-2.78	10	-23
Net Cash From Continuing Financing Activities	-2.78	10	-23
Repayment of Debt	-41	-28	-31
Repurchase of Common Equity	0.00	0.00	-1.39
Payment of Dividends	-0.48	-0.85	-1.18
Issuance of Debt	39	40	12
Issuance of Common Equity	0.00	0.00	0.30
Other Financing Activities, net	-0.81	-0.35	-0.92
Cash Interest Paid	0.94	3.48	0.72
Cash Income Taxes Paid	0.14	0.28	0.78

This table details how cash moves in and out of Potbelly's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-5.15	6.11	11	8.67	-3.32	2.85	-21	-4.40	2.88	0.53
Net Cash From Operating Activities	-0.96	11	-0.66	13	2.48	4.99	0.69	3.16	9.21	6.60
Net Cash From Continuing Operating Activities	-0.96	11	-0.66	13	2.48	4.99	0.69	3.16	9.21	6.60
Net Income / (Loss) Continuing Operations	9.14	2.75	-1.20	2.38	1.65	2.75	-2.67	35	4.08	5.01
Consolidated Net Income / (Loss)	9.14	2.75	-1.20	2.38	1.65	2.75	-2.67	35	4.08	5.01
Depreciation Expense	2.92	2.80	2.97	2.89	3.05	3.24	3.01	3.02	3.24	3.41
Non-Cash Adjustments To Reconcile Net Income	-1.13	-21	9.04	7.78	7.55	5.97	11	7.82	7.49	6.49
Changes in Operating Assets and Liabilities, net	-12	27	-11	-0.37	-9.77	-7.45	-11	-43	-5.60	-8.54
Net Cash From Investing Activities	-1.80	-3.51	-3.22	-2.70	-4.97	0.12	-3.74	-4.72	-4.54	-6.08
Net Cash From Continuing Investing Activities	-1.80	-3.51	-3.22	-2.70	-4.97	0.12	-3.74	-4.72	-4.54	-6.08
Purchase of Property, Plant & Equipment	-1.80	-3.51	-3.31	-3.97	-4.97	-4.80	-3.96	-4.72	-4.33	-6.27
Divestitures	-	-	0.10	1.27	-	4.92	0.23	-	-	0.15
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	0.04
Net Cash From Financing Activities	-2.39	-1.83	15	-1.31	-0.83	-2.26	-18	-2.83	-1.79	0.01
Net Cash From Continuing Financing Activities	-2.39	-1.83	15	-1.31	-0.83	-2.26	-18	-2.83	-1.79	0.01
Repayment of Debt	-18	-10	-25	-	-	-2.84	-25	-1.28	-3.00	-1.50
Repurchase of Common Equity	-	-	-	-	-	-	-	-	-0.23	-0.46
Payment of Dividends	-0.15	-0.15	-0.15	-0.17	-0.24	-0.29	-0.18	-0.12	-0.39	-0.49
Issuance of Debt	16	8.50	40	-	-	-	7.00	-	2.00	2.50
Other Financing Activities, net	-0.20	-0.11	0.51	-1.15	-0.59	0.88	0.33	-0.73	-0.47	-0.05
Cash Interest Paid	0.43	0.27	0.79	0.66	0.90	1.13	0.36	0.13	0.08	0.15
Cash Income Taxes Paid	0.01	-	0.06	0.19	0.18	-0.15	0.01	0.54	0.17	0.06

This table presents Potbelly's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	245	252	263
Total Current Assets	31	53	33
Cash & Equivalents	16	34	12
Accounts Receivable	6.42	7.96	9.77
Inventories, net	3.99	3.52	3.74
Prepaid Expenses	4.50	7.83	7.88
Other Current Nonoperating Assets	-	0.00	0.15
Plant, Property, & Equipment, net	44	45	51
Total Noncurrent Assets	170	154	179
Goodwill	2.22	2.06	2.05
Intangible Assets	3.40	3.40	3.40
Noncurrent Deferred & Refundable Income Taxes	-	0.00	34
Other Noncurrent Operating Assets	165	149	140
Total Liabilities & Shareholders' Equity	245	252	263
Total Liabilities	241	238	205
Total Current Liabilities	69	71	65
Short-Term Debt	0.00	1.25	0.00
Accounts Payable	11	9.93	9.55
Accrued Expenses	31	35	33
Other Current Liabilities	27	25	23
Total Noncurrent Liabilities	172	167	140
Long-Term Debt	8.55	19	4.00
Other Noncurrent Operating Liabilities	163	148	136
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4.27	14	58
Total Preferred & Common Equity	4.48	15	58
Total Common Equity	4.48	15	58
Common Stock	456	463	470
Retained Earnings	-339	-334	-294
Treasury Stock	-115	-117	-120
Other Equity Adjustments	2.57	2.22	1.75
Noncontrolling Interest	-0.20	-0.60	-0.44

This table presents Potbelly's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	242	251	257	251	227	255	259
Total Current Assets	26	42	52	48	32	28	32
Cash & Equivalents	9.51	26	34	31	13	8.32	11
Accounts Receivable	8.32	7.26	8.28	7.90	8.38	8.97	10
Inventories, net	3.66	3.54	3.53	3.59	3.56	3.35	3.51
Prepaid Expenses	4.23	4.32	5.11	5.64	7.48	7.45	7.08
Plant, Property, & Equipment, net	45	43	43	45	46	47	48
Total Noncurrent Assets	171	166	161	158	150	180	178
Goodwill	2.22	2.12	2.12	2.12	2.05	2.05	2.05
Intangible Assets	3.40	3.40	3.40	3.40	3.40	3.40	3.40
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	31	31
Other Noncurrent Operating Assets	166	161	155	153	144	143	142
Total Liabilities & Shareholders' Equity	242	251	257	251	227	255	259
Total Liabilities	241	247	250	242	214	207	206
Total Current Liabilities	67	66	74	70	67	63	65
Short-Term Debt	0.00	1.25	1.25	1.25	0.00	0.00	0.00
Accounts Payable	10	10	9.75	8.96	9.97	9.22	8.26
Accrued Expenses	28	27	36	32	33	30	34
Other Current Liabilities	28	27	28	28	24	24	23
Total Noncurrent Liabilities	174	181	175	172	146	144	141
Long-Term Debt	10	21	21	21	5.00	4.00	3.00
Other Noncurrent Operating Liabilities	164	159	154	151	141	140	138
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.91	4.36	7.20	9.66	14	48	53
Total Preferred & Common Equity	1.06	4.59	7.44	9.98	14	48	53
Total Common Equity	1.06	4.59	7.44	9.98	14	48	53
Common Stock	455	458	460	461	467	468	469
Retained Earnings	-342	-340	-338	-337	-337	-302	-298
Treasury Stock	-115	-116	-116	-117	-117	-120	-120
Other Equity Adjustments	2.57	2.25	2.22	2.22	1.75	1.75	1.75
Noncontrolling Interest	-0.15	-0.23	-0.23	-0.32	-0.69	-0.60	-0.35

This table displays calculated financial ratios and metrics derived from Potbelly's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	18.92%	8.73%	-5.86%
EBITDA Growth	233.18%	170.78%	5.61%
EBIT Growth	83.08%	363.04%	9.85%
NOPAT Growth	77.40%	341.87%	578.12%
Net Income Growth	119.94%	18.38%	641.12%
EPS Growth	117.44%	13.33%	670.59%
Operating Cash Flow Growth	356.02%	56.20%	0.90%
Free Cash Flow Firm Growth	128.40%	119.31%	75.54%
Invested Capital Growth	-190.78%	125.82%	6,844.32%
Revenue Q/Q Growth	3.99%	1.15%	-1.93%
EBITDA Q/Q Growth	148.32%	9.16%	-5.22%
EBIT Q/Q Growth	59.08%	10.87%	-13.54%
NOPAT Q/Q Growth	45.34%	1.55%	4.29%
Net Income Q/Q Growth	1,073.35%	-0.05%	5.77%
EPS Q/Q Growth	1,600.00%	0.00%	3.97%
Operating Cash Flow Q/Q Growth	280.02%	-24.93%	8.95%
Free Cash Flow Firm Q/Q Growth	200.99%	-44.03%	-28.62%
Invested Capital Q/Q Growth	-286.03%	-18.79%	13.11%
Profitability Metrics	-	-	-
Gross Margin	39.83%	42.37%	46.11%
EBITDA Margin	1.85%	4.60%	5.17%
Operating Margin	-0.84%	2.04%	2.38%
EBIT Margin	-0.84%	2.04%	2.38%
Profit (Net Income) Margin	1.04%	1.13%	8.93%
Tax Burden Percent	93.51%	85.99%	530.78%
Interest Burden Percent	-132.44%	64.82%	70.84%
Effective Tax Rate	6.49%	14.01%	-430.78%
Return on Invested Capital (ROIC)	-2,505.00%	0.00%	229.43%
ROIC Less NNEP Spread (ROIC-NNEP)	-3,556.92%	0.00%	390.06%
Return on Net Nonoperating Assets (RNNOA)	3,012.65%	0.00%	-114.68%
Return on Equity (ROE)	507.65%	60.73%	114.75%
Cash Return on Invested Capital (CROIC)	0.00%	704.39%	35.11%
Operating Return on Assets (OROA)	-1.53%	4.02%	4.26%
Return on Assets (ROA)	1.89%	2.24%	16.03%
Return on Common Equity (ROCE)	589.43%	63.39%	116.40%
Return on Equity Simple (ROE_SIMPLE)	105.23%	37.96%	70.79%
Net Operating Profit after Tax (NOPAT)	-3.56	8.60	58
NOPAT Margin	-0.79%	1.75%	12.61%
Net Nonoperating Expense Percent (NNEP)	1,051.92%	-29.62%	-160.63%
Return On Investment Capital (ROIC_SIMPLE)	-27.74%	24.93%	94.18%
Cost of Revenue to Revenue	60.17%	57.63%	53.89%
SG&A Expenses to Revenue	24.93%	27.04%	27.70%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.67%	40.33%	43.73%
Earnings before Interest and Taxes (EBIT)	-3.80	10	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.36	23	24
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	35.98	20.82	4.75
Price to Tangible Book Value (P/TBV)	0.00	33.13	5.24
Price to Revenue (P/Rev)	0.36	0.62	0.60
Price to Earnings (P/E)	37.07	59.76	6.88
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	2.70%	1.67%	14.54%
Enterprise Value to Invested Capital (EV/IC)	0.00	404.36	5.37
Enterprise Value to Revenue (EV/Rev)	0.34	0.59	0.58
Enterprise Value to EBITDA (EV/EBITDA)	18.40	12.90	11.26
Enterprise Value to EBIT (EV/EBIT)	0.00	29.18	24.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	33.93	4.61
Enterprise Value to Operating Cash Flow (EV/OCF)	12.33	14.98	13.69
Enterprise Value to Free Cash Flow (EV/FCFF)	66.32	57.41	30.14
Leverage & Solvency	-	-	-
Debt to Equity	2.00	1.45	0.07
Long-Term Debt to Equity	2.00	1.36	0.07
Financial Leverage	-0.85	-1.11	-0.29
Leverage Ratio	268.54	27.10	7.16
Compound Leverage Factor	-355.65	17.56	5.07
Debt to Total Capital	66.68%	59.16%	6.46%
Short-Term Debt to Total Capital	0.00%	3.62%	0.00%
Long-Term Debt to Total Capital	66.68%	55.54%	6.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-1.59%	-1.74%	-0.71%
Common Equity to Total Capital	34.91%	42.57%	94.25%
Debt to EBITDA	1.02	0.90	0.17
Net Debt to EBITDA	-0.85	-0.59	-0.32
Long-Term Debt to EBITDA	1.02	0.85	0.17
Debt to NOPAT	-2.40	2.37	0.07
Net Debt to NOPAT	1.99	-1.55	-0.13
Long-Term Debt to NOPAT	-2.40	2.23	0.07
Altman Z-Score	0.07	0.91	1.00
Noncontrolling Interest Sharing Ratio	-16.11%	-4.38%	-1.44%
Liquidity Ratios	-	-	-
Current Ratio	0.44	0.75	0.51
Quick Ratio	0.32	0.59	0.33
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	2.32	5.09	8.93
Operating Cash Flow to CapEx	148.07%	114.28%	101.97%
Free Cash Flow to Firm to Interest Expense	0.00	1.44	2.79
Operating Cash Flow to Interest Expense	0.00	5.54	6.14
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.69	0.12
Efficiency Ratios	-	-	-
Asset Turnover	1.81	1.98	1.79
Accounts Receivable Turnover	72.59	68.35	52.20
Inventory Turnover	72.70	75.46	68.68
Fixed Asset Turnover	9.59	10.97	9.68
Accounts Payable Turnover	28.84	27.44	25.60
Days Sales Outstanding (DSO)	5.03	5.34	6.99
Days Inventory Outstanding (DIO)	5.02	4.84	5.31
Days Payable Outstanding (DPO)	12.66	13.30	14.26
Cash Conversion Cycle (CCC)	-2.61	-3.13	-1.95
Capital & Investment Metrics	-	-	-
Invested Capital	-2.80	0.72	50
Invested Capital Turnover	3,182.91	-473.88	18.19
Increase / (Decrease) in Invested Capital	-5.88	3.52	49
Enterprise Value (EV)	154	292	269
Market Capitalization	161	306	277
Book Value per Share	$0.16	$0.50	$1.95
Tangible Book Value per Share	($0.04)	$0.31	$1.77
Total Capital	13	35	62
Total Debt	8.55	20	4.00
Total Long-Term Debt	8.55	19	4.00
Net Debt	-7.07	-13	-7.66
Capital Expenditures (CapEx)	8.43	17	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-54	-51	-44
Debt-free Net Working Capital (DFNWC)	-38	-17	-32
Net Working Capital (NWC)	-38	-18	-32
Net Nonoperating Expense (NNE)	-8.27	3.03	17
Net Nonoperating Obligations (NNO)	-7.07	-13	-7.81
Total Depreciation and Amortization (D&A)	12	13	13
Debt-free, Cash-free Net Working Capital to Revenue	-11.95%	-10.28%	-9.45%
Debt-free Net Working Capital to Revenue	-8.50%	-3.41%	-6.92%
Net Working Capital to Revenue	-8.50%	-3.66%	-6.92%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.18	$1.35
Adjusted Weighted Average Basic Shares Outstanding	28.63M	29.20M	29.84M
Adjusted Diluted Earnings per Share	$0.15	$0.17	$1.31
Adjusted Weighted Average Diluted Shares Outstanding	29.07M	30.09M	30.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.92M	29.60M	29.88M
Normalized Net Operating Profit after Tax (NOPAT)	0.89	12	8.69
Normalized NOPAT Margin	0.20%	2.36%	1.88%
Pre Tax Income Margin	1.11%	1.32%	1.68%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	2.84	3.43
NOPAT to Interest Expense	0.00	2.44	18.20
EBIT Less CapEx to Interest Expense	0.00	-2.00	-2.59
NOPAT Less CapEx to Interest Expense	0.00	-2.40	12.19
Payout Ratios	-	-	-
Dividend Payout Ratio	10.08%	15.31%	2.85%
Augmented Payout Ratio	10.08%	15.31%	6.23%

This table displays calculated financial ratios and metrics derived from Potbelly's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.69%	16.87%	20.41%	9.20%	2.65%	4.66%	-6.02%	-5.47%	-4.68%	-7.25%
EBITDA Growth	120.16%	356.84%	165.41%	53.00%	156.02%	23.43%	12.64%	14.53%	31.92%	-20.79%
EBIT Growth	72.92%	244.20%	97.39%	221.23%	473.19%	30.25%	161.14%	23.18%	61.61%	-40.74%
NOPAT Growth	61.29%	293.49%	97.39%	216.73%	445.96%	9.81%	161.14%	970.24%	73.79%	57.33%
Net Income Growth	419.44%	212.82%	84.73%	236.30%	-81.95%	-0.11%	-122.01%	1,366.61%	147.36%	81.97%
EPS Growth	410.00%	266.67%	82.14%	250.00%	-83.87%	0.00%	-80.00%	1,514.29%	140.00%	50.00%
Operating Cash Flow Growth	42.99%	405.87%	91.51%	30.48%	358.23%	-56.48%	205.48%	-75.10%	271.52%	32.40%
Free Cash Flow Firm Growth	-74.10%	48.68%	292.76%	63.89%	-12.88%	-101.94%	-222.56%	-274.40%	-1,383.40%	-25,409.26%
Invested Capital Growth	-73.70%	-190.78%	-98.77%	-215.99%	-40.85%	125.82%	9,666.10%	1,022.59%	4,886.05%	6,844.32%
Revenue Q/Q Growth	1.46%	2.13%	-1.57%	7.06%	-4.62%	4.12%	-11.61%	7.69%	-3.82%	1.31%
EBITDA Q/Q Growth	-45.56%	172.62%	-54.04%	124.26%	-8.89%	31.43%	-58.06%	128.03%	4.95%	-21.09%
EBIT Q/Q Growth	-167.72%	560.00%	-105.95%	1,832.64%	-21.32%	60.55%	-97.21%	3,390.68%	3.23%	-41.13%
NOPAT Q/Q Growth	-165.46%	531.88%	-104.44%	2,626.13%	-28.50%	37.08%	-97.53%	44,119.14%	-88.39%	24.10%
Net Income Q/Q Growth	1,190.40%	-69.86%	-143.72%	297.76%	-30.74%	66.83%	-197.16%	1,406.40%	-88.32%	22.73%
EPS Q/Q Growth	1,450.00%	-67.74%	-150.00%	240.00%	-28.57%	100.00%	-190.00%	1,355.56%	-89.38%	25.00%
Operating Cash Flow Q/Q Growth	-109.88%	1,293.54%	-105.73%	2,029.83%	-80.45%	101.17%	-86.10%	355.56%	191.73%	-28.31%
Free Cash Flow Firm Q/Q Growth	-13.30%	154.50%	-48.60%	44.50%	-53.91%	-105.67%	-3,147.13%	-105.63%	-239.16%	-12.65%
Invested Capital Q/Q Growth	201.01%	-286.03%	102.11%	-8,069.49%	118.91%	-18.79%	698.06%	652.86%	2.18%	13.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.69%	40.72%	41.06%	41.57%	43.16%	43.64%	42.37%	44.34%	43.94%	53.63%
EBITDA Margin	1.88%	5.03%	2.35%	4.92%	4.70%	5.93%	2.82%	5.96%	6.50%	5.07%
Operating Margin	-0.60%	2.70%	-0.16%	2.64%	2.18%	3.36%	0.11%	3.44%	3.69%	2.15%
EBIT Margin	-0.60%	2.70%	-0.16%	2.64%	2.18%	3.36%	0.11%	3.44%	3.69%	2.15%
Profit (Net Income) Margin	7.77%	2.29%	-1.02%	1.88%	1.37%	2.19%	-2.40%	29.17%	3.54%	4.29%
Tax Burden Percent	100.04%	93.93%	109.55%	102.06%	92.74%	79.19%	101.95%	886.74%	99.73%	210.25%
Interest Burden Percent	-1,295.32%	90.41%	569.43%	69.77%	67.58%	82.24%	-2,222.03%	95.61%	96.19%	95.13%
Effective Tax Rate	-0.04%	6.07%	0.00%	-2.06%	7.26%	20.81%	0.00%	-786.74%	0.27%	-110.25%
Return on Invested Capital (ROIC)	-72.21%	8,069.45%	-22.29%	0.00%	820.72%	0.00%	12.37%	753.22%	76.86%	82.08%
ROIC Less NNEP Spread (ROIC-NNEP)	227.92%	8,106.61%	-42.63%	0.00%	840.07%	0.00%	57.57%	773.01%	78.76%	84.50%
Return on Net Nonoperating Assets (RNNOA)	2,268.18%	-6,866.16%	79.00%	0.00%	-649.93%	0.00%	-38.97%	-228.44%	-21.49%	-24.85%
Return on Equity (ROE)	2,195.97%	1,203.29%	56.71%	-1,555.60%	170.79%	60.73%	-26.60%	524.78%	55.37%	57.24%
Cash Return on Invested Capital (CROIC)	-63.63%	0.00%	332.01%	0.00%	759.73%	704.39%	97.46%	31.83%	55.32%	35.11%
Operating Return on Assets (OROA)	-1.05%	4.90%	-0.31%	5.07%	4.30%	6.63%	0.22%	6.42%	6.83%	3.85%
Return on Assets (ROA)	13.55%	4.16%	-1.95%	3.61%	2.69%	4.32%	-4.87%	54.46%	6.56%	7.70%
Return on Common Equity (ROCE)	2,765.79%	1,397.13%	52.49%	-1,236.14%	178.44%	63.39%	-27.96%	532.76%	55.96%	58.06%
Return on Equity Simple (ROE_SIMPLE)	-45.66%	0.00%	248.29%	175.75%	55.91%	0.00%	28.65%	75.87%	73.91%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.71	3.05	-0.14	3.41	2.44	3.34	0.08	37	4.24	5.26
NOPAT Margin	-0.60%	2.54%	-0.11%	2.70%	2.02%	2.66%	0.07%	30.51%	3.68%	4.51%
Net Nonoperating Expense Percent (NNEP)	-300.13%	-37.17%	20.34%	-45.76%	-19.35%	-5.81%	-45.21%	-19.78%	-1.90%	-2.42%
Return On Investment Capital (ROIC_SIMPLE)	-	23.76%	-	-	-	9.69%	-	-	-	8.50%
Cost of Revenue to Revenue	60.32%	59.28%	58.94%	58.43%	56.84%	56.36%	57.63%	55.66%	56.06%	46.37%
SG&A Expenses to Revenue	24.90%	23.95%	25.75%	25.76%	27.47%	29.12%	28.23%	27.68%	26.80%	28.09%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.28%	38.02%	41.22%	38.93%	40.98%	40.28%	42.26%	40.90%	40.25%	51.49%
Earnings before Interest and Taxes (EBIT)	-0.71	3.24	-0.19	3.34	2.63	4.22	0.12	4.12	4.25	2.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.22	6.04	2.78	6.23	5.68	7.46	3.13	7.14	7.49	5.91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	122.66	35.98	49.03	31.01	23.12	20.82	25.00	4.96	4.76	4.75
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	120.78	51.79	33.13	40.35	5.59	5.31	5.24
Price to Revenue (P/Rev)	0.30	0.36	0.48	0.48	0.47	0.62	0.74	0.50	0.53	0.60
Price to Earnings (P/E)	0.00	37.07	20.58	18.34	45.79	59.76	97.44	6.62	6.55	6.88
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	2.70%	4.86%	5.45%	2.18%	1.67%	1.03%	15.10%	15.27%	14.54%
Enterprise Value to Invested Capital (EV/IC)	86.80	0.00	3,758.09	0.00	249.31	404.36	60.76	5.41	5.48	5.37
Enterprise Value to Revenue (EV/Rev)	0.30	0.34	0.47	0.45	0.46	0.59	0.72	0.49	0.52	0.58
Enterprise Value to EBITDA (EV/EBITDA)	38.77	18.40	14.67	12.65	10.69	12.90	15.56	10.03	9.64	11.26
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	65.48	38.40	24.56	29.18	33.93	21.16	19.11	24.48
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	66.95	39.08	26.16	33.93	40.99	3.79	4.34	4.61
Enterprise Value to Operating Cash Flow (EV/OCF)	39.74	12.33	11.34	9.70	8.54	14.98	16.80	20.74	13.46	13.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	66.32	27.60	24.81	24.39	57.41	123.41	17.00	19.43	30.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	11.11	2.00	5.18	3.10	2.30	1.45	0.37	0.08	0.06	0.07
Long-Term Debt to Equity	11.11	2.00	4.89	2.93	2.17	1.36	0.37	0.08	0.06	0.07
Financial Leverage	9.95	-0.85	-1.85	2.68	-0.77	-1.11	-0.68	-0.30	-0.27	-0.29
Leverage Ratio	756.17	268.54	-86.98	-299.19	46.63	27.10	26.56	9.32	8.20	7.16
Compound Leverage Factor	-9,794.79	242.79	-495.26	-208.74	31.52	22.28	-590.11	8.91	7.89	6.81
Debt to Total Capital	91.74%	66.68%	83.81%	75.64%	69.65%	59.16%	26.80%	7.74%	5.40%	6.46%
Short-Term Debt to Total Capital	0.00%	0.00%	4.65%	4.23%	3.93%	3.62%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	91.74%	66.68%	79.16%	71.41%	65.72%	55.54%	26.80%	7.74%	5.40%	6.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-1.37%	-1.59%	-0.87%	-0.79%	-1.01%	-1.74%	-3.67%	-1.16%	-0.62%	-0.71%
Common Equity to Total Capital	9.63%	34.91%	17.06%	25.15%	31.36%	42.57%	76.87%	93.42%	95.22%	94.25%
Debt to EBITDA	3.00	1.02	1.49	1.29	1.07	0.90	0.22	0.17	0.12	0.17
Net Debt to EBITDA	0.18	-0.85	-0.20	-0.69	-0.42	-0.59	-0.34	-0.18	-0.33	-0.32
Long-Term Debt to EBITDA	3.00	1.02	1.41	1.22	1.01	0.85	0.22	0.17	0.12	0.17
Debt to NOPAT	-1.55	-2.40	6.81	4.00	2.62	2.37	0.59	0.06	0.05	0.07
Net Debt to NOPAT	-0.09	1.99	-0.92	-2.13	-1.04	-1.55	-0.90	-0.07	-0.15	-0.13
Long-Term Debt to NOPAT	-1.55	-2.40	6.43	3.78	2.47	2.23	0.59	0.06	0.05	0.07
Altman Z-Score	-0.07	0.17	0.41	0.53	0.56	0.84	0.88	0.80	0.84	0.89
Noncontrolling Interest Sharing Ratio	-25.95%	-16.11%	7.44%	20.54%	-4.48%	-4.38%	-5.10%	-1.52%	-1.07%	-1.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.39	0.44	0.64	0.71	0.69	0.75	0.48	0.45	0.49	0.51
Quick Ratio	0.27	0.32	0.50	0.57	0.56	0.59	0.31	0.27	0.32	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.51	8.92	4.59	6.63	3.05	-0.17	-5.62	-12	-39	-44
Operating Cash Flow to CapEx	-53.36%	326.25%	-19.84%	319.45%	49.87%	103.87%	17.49%	66.83%	212.70%	105.36%
Free Cash Flow to Firm to Interest Expense	0.00	28.69	5.06	6.55	3.58	-0.23	-2.05	-63.85	-241.95	-361.91
Operating Cash Flow to Interest Expense	0.00	36.84	-0.73	12.54	2.91	6.65	0.25	17.44	56.85	54.12
Operating Cash Flow Less CapEx to Interest Expense	0.00	25.55	-4.38	8.62	-2.92	0.25	-1.19	-8.66	30.12	2.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.74	1.81	1.91	1.92	1.97	1.98	2.02	1.87	1.85	1.79
Accounts Receivable Turnover	61.87	72.59	65.53	61.55	59.93	68.35	61.93	55.35	52.58	52.20
Inventory Turnover	76.88	72.70	82.08	80.01	78.28	75.46	76.60	76.80	73.38	68.68
Fixed Asset Turnover	8.94	9.59	10.53	10.84	10.82	10.97	10.99	10.58	10.08	9.68
Accounts Payable Turnover	33.56	28.84	28.60	30.71	29.56	27.44	26.67	27.88	30.26	25.60
Days Sales Outstanding (DSO)	5.90	5.03	5.57	5.93	6.09	5.34	5.89	6.59	6.94	6.99
Days Inventory Outstanding (DIO)	4.75	5.02	4.45	4.56	4.66	4.84	4.77	4.75	4.97	5.31
Days Payable Outstanding (DPO)	10.87	12.66	12.76	11.89	12.35	13.30	13.68	13.09	12.06	14.26
Cash Conversion Cycle (CCC)	-0.23	-2.61	-2.74	-1.39	-1.59	-3.13	-3.03	-1.74	-0.15	-1.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1.50	-2.80	0.06	-4.70	0.89	0.72	5.76	43	44	50
Invested Capital Turnover	120.45	3,182.91	195.09	-155.96	406.20	-473.88	166.39	24.68	20.87	18.19
Increase / (Decrease) in Invested Capital	-4.21	-5.88	-4.72	-3.21	-0.61	3.52	5.70	48	43	49
Enterprise Value (EV)	130	154	222	218	222	292	350	235	243	269
Market Capitalization	130	161	225	231	231	306	358	240	252	277
Book Value per Share	$0.04	$0.16	$0.16	$0.26	$0.34	$0.50	$0.48	$1.62	$1.77	$1.95
Tangible Book Value per Share	($0.16)	($0.04)	($0.03)	$0.07	$0.15	$0.31	$0.30	$1.44	$1.58	$1.77
Total Capital	11	13	27	30	32	35	19	52	56	62
Total Debt	10	8.55	23	22	22	20	5.00	4.00	3.00	4.00
Total Long-Term Debt	10	8.55	21	21	21	19	5.00	4.00	3.00	4.00
Net Debt	0.59	-7.07	-3.05	-12	-8.77	-13	-7.72	-4.32	-8.20	-7.66
Capital Expenditures (CapEx)	1.80	3.51	3.31	3.97	4.97	4.80	3.96	4.72	4.33	6.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-50	-54	-48	-55	-51	-51	-48	-43	-45	-44
Debt-free Net Working Capital (DFNWC)	-41	-38	-23	-21	-21	-17	-35	-35	-34	-32
Net Working Capital (NWC)	-41	-38	-24	-22	-22	-18	-35	-35	-34	-32
Net Nonoperating Expense (NNE)	-9.84	0.29	1.07	1.03	0.79	0.59	2.76	1.61	0.16	0.26
Net Nonoperating Obligations (NNO)	0.59	-7.07	-4.30	-12	-8.77	-13	-7.89	-4.32	-8.20	-7.81
Total Depreciation and Amortization (D&A)	2.92	2.80	2.97	2.89	3.05	3.24	3.01	3.02	3.24	3.41
Debt-free, Cash-free Net Working Capital to Revenue	-11.60%	-11.95%	-10.21%	-11.35%	-10.60%	-10.28%	-9.88%	-9.04%	-9.49%	-9.45%
Debt-free Net Working Capital to Revenue	-9.41%	-8.50%	-4.79%	-4.25%	-4.23%	-3.41%	-7.25%	-7.29%	-7.12%	-6.92%
Net Working Capital to Revenue	-9.41%	-8.50%	-5.05%	-4.51%	-4.49%	-3.66%	-7.25%	-7.29%	-7.12%	-6.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$0.10	($0.05)	$0.08	$0.05	$0.10	($0.09)	$1.16	$0.12	$0.16
Adjusted Weighted Average Basic Shares Outstanding	28.73M	28.63M	28.91M	29.20M	29.32M	29.20M	29.55M	29.93M	29.94M	29.84M
Adjusted Diluted Earnings per Share	$0.31	$0.10	($0.05)	$0.07	$0.05	$0.10	($0.09)	$1.13	$0.12	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	28.87M	29.07M	28.91M	30.09M	30.03M	30.09M	29.55M	30.71M	30.38M	30.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.81M	28.92M	29.15M	29.32M	29.36M	29.60M	29.84M	29.95M	29.94M	29.88M
Normalized Net Operating Profit after Tax (NOPAT)	0.64	3.77	0.61	2.82	2.92	4.28	0.60	3.05	4.68	1.75
Normalized NOPAT Margin	0.54%	3.14%	0.52%	2.23%	2.42%	3.40%	0.54%	2.55%	4.06%	1.50%
Pre Tax Income Margin	7.76%	2.44%	-0.93%	1.84%	1.47%	2.76%	-2.36%	3.29%	3.55%	2.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	10.43	-0.21	3.31	3.08	5.63	0.04	22.76	26.25	20.52
NOPAT to Interest Expense	0.00	9.79	-0.15	3.38	2.86	4.46	0.03	201.80	26.18	43.14
EBIT Less CapEx to Interest Expense	0.00	-0.87	-3.87	-0.62	-2.74	-0.77	-1.40	-3.34	-0.48	-30.85
NOPAT Less CapEx to Interest Expense	0.00	-1.50	-3.80	-0.55	-2.97	-1.94	-1.42	175.70	-0.55	-8.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-105.79%	10.08%	4.45%	4.72%	12.76%	15.31%	21.45%	2.29%	2.53%	2.85%
Augmented Payout Ratio	-105.79%	10.08%	4.45%	4.72%	12.76%	15.31%	21.45%	2.29%	2.53%	6.23%

Frequently Asked Questions About Potbelly's Financials

When does Potbelly's financial year end?

According to the most recent income statement we have on file, Potbelly's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has Potbelly's net income changed over the last 2 years?

Potbelly's net income appears to be on an upward trend, with a most recent value of $41.33 million in 2024, rising from $4.71 million in 2022. The previous period was $5.58 million in 2023.

What is Potbelly's operating income?

Potbelly's total operating income in 2024 was $10.99 million, based on the following breakdown:

Total Gross Profit: $213.30 million
Total Operating Expenses: $202.31 million

How has Potbelly revenue changed over the last 2 years?

Over the last 2 years, Potbelly's total revenue changed from $451.97 million in 2022 to $462.60 million in 2024, a change of 2.4%.

How much debt does Potbelly have?

Potbelly's total liabilities were at $205.20 million at the end of 2024, a 13.9% decrease from 2023, and a 14.8% decrease since 2022.

How much cash does Potbelly have?

In the past 2 years, Potbelly's cash and equivalents has ranged from $11.66 million in 2024 to $33.79 million in 2023, and is currently $11.66 million as of their latest financial filing in 2024.

How has Potbelly's book value per share changed over the last 2 years?

Over the last 2 years, Potbelly's book value per share changed from 0.16 in 2022 to 1.95 in 2024, a change of 1,155.0%.

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This page (NASDAQ:PBPB) was last updated on 4/16/2025 by MarketBeat.com Staff

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Potbelly (PBPB) Financials

Frequently Asked Questions About Potbelly's Financials

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Potbelly (PBPB) Financials

Annual Income Statements for Potbelly

Quarterly Income Statements for Potbelly

Annual Cash Flow Statements for Potbelly

Quarterly Cash Flow Statements for Potbelly

Annual Balance Sheets for Potbelly

Quarterly Balance Sheets for Potbelly

Annual Metrics and Ratios for Potbelly

Quarterly Metrics and Ratios for Potbelly

Frequently Asked Questions About Potbelly's Financials

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