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PTLO

Portillo's Inc.

PTLO

Portillo's Inc. • NASDAQ
$5.22 ▲ 0.19% (+0.01)
Market Cap $375.49 M
52w High $15.78
52w Low $4.58
Dividend Yield 0%
P/E 14.5
Volume 609.02K
Outstanding Shares 71.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $181.428M ▼ $20.025M ▼ $1.214M ▼ 0.669% ▼ $0.02 ▼ $12.511M ▼
Q2-2025 $188.456M ▲ $58.835M ▲ $8.704M ▲ 4.619% ▲ $0.13 ▲ $26.585M ▲
Q1-2025 $176.437M ▼ $58.086M ▼ $3.313M ▼ 1.878% ▼ $0.052 ▼ $18.139M ▼
Q4-2024 $184.609M ▲ $62.474M ▲ $11.265M ▲ 6.102% ▲ $0.18 ▲ $26.931M ▲
Q3-2024 $178.252M $56.183M $7.22M 4.05% $0.12 $24.441M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $17.234M ▲ $1.591B ▲ $1.102B ▲ $459.422M ▲
Q2-2025 $16.621M ▲ $1.554B ▲ $1.066B ▲ $458.933M ▲
Q1-2025 $12.936M ▼ $1.499B ▼ $1.004B ▼ $406.879M ▲
Q4-2024 $22.876M ▲ $1.5B ▲ $1.01B ▲ $401.061M ▲
Q3-2024 $18.52M $1.471B $993.827M $382.441M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $782K ▼ $0 ▼ $0 ▲ $0 ▲ $0 ▼ $0 ▼
Q2-2025 $10.043M ▲ $19.243M ▲ $-14.036M ▲ $-1.522M ▼ $3.685M ▲ $5.202M ▲
Q1-2025 $3.99M ▼ $9.45M ▼ $-19.04M ▲ $-350K ▼ $-9.94M ▼ $-9.59M ▼
Q4-2024 $12.429M ▲ $26.086M ▼ $-31.677M ▼ $9.947M ▲ $4.356M ▼ $-5.591M ▼
Q3-2024 $8.773M $30.326M $-22.609M $-1.554M $6.163M $7.717M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Gift Card
Gift Card
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Portillo’s shows a clear growth story: sales have risen steadily each year, and profits have moved from losses a few years ago to consistent, if still modest, earnings today. Operating profit and cash-style profit (like EBITDA) are trending in the right direction, which suggests the core restaurant model is working. The flip side is that profit margins still look fairly thin for a growth company in a competitive, inflation-sensitive industry. That means the business is executing well, but doesn’t have a lot of room for error if food, labor, or occupancy costs jump or if new locations underperform.

Balance Sheet

Balance Sheet The balance sheet reflects a growing, asset‑heavy restaurant chain. Total assets have climbed meaningfully as the company opens and builds more locations. Equity has also grown, which is a positive sign of value being built over time. Debt, however, has increased and now represents a meaningful portion of the capital structure, while cash balances remain relatively small. This combination works as long as cash generation stays healthy, but it does raise sensitivity to interest costs and to any slowdown in sales or store performance.

Cash Flow

Cash Flow Operating cash flow has improved over time, indicating the underlying restaurant base is generating more cash as it scales. At the same time, Portillo’s is spending heavily on new locations and upgrades, so capital spending is consistently high. As a result, free cash flow has hovered around breakeven, with occasional dips negative, which is common for a growth‑oriented chain in build‑out mode. The key tension is between funding expansion and maintaining financial flexibility; sustained strong cash from operations will be critical to comfortably support the current growth pace and debt load.

Competitive Edge

Competitive Edge Portillo’s competitive position is built on a distinctive brand, a unique Chicago‑style menu, and high‑volume operational skills. Its food has a clear identity that is hard to replicate at scale, and the brand enjoys deep loyalty in its home region. The company also benefits from multiple ways to reach customers—dine‑in, drive‑thru, catering, and nationwide shipping—which spreads risk across channels. Against this, the broader restaurant industry is crowded and highly promotional, and as Portillo’s moves further from its Midwest core into new markets, it must prove that its concept travels well and can maintain the same buzz and unit economics.

Innovation and R&D

Innovation and R&D While it doesn’t do traditional lab R&D, Portillo’s is quite active in practical innovation. It is rolling out self‑service kiosks, testing artificial intelligence in drive‑thrus, and using cloud systems to manage finance, supply chain, and expansion more efficiently. Its “Restaurant of the Future” design aims to shrink building size, lower costs, and better serve off‑premise demand. On the customer side, the loyalty program and limited‑time menu items help gather data, keep the brand fresh, and support targeted marketing. The main risk is execution: these initiatives must translate into faster service, higher guest satisfaction, and better economics, not just complexity and capital spending.

Summary

Overall, Portillo’s combines a distinctive, well‑loved brand with solid growth and improving profitability, supported by meaningful investments in technology and new formats. Financially, it is a classic growth‑stage restaurant chain: rising revenue and cash generation, offset by thin margins, significant capital spending, and a noticeable debt load. The long‑term story hinges on whether new restaurants can consistently replicate the strong performance of legacy locations, particularly in newer regions, and whether operational innovations deliver lasting efficiency and guest loyalty. The company appears to have attractive strengths and clear opportunities, but it also carries typical restaurant‑sector risks around costs, execution, and economic cycles that are important to keep in mind.

NEWS

October 6, 2025 · 1:18 PM UTC

Portillo's Announces Third Quarter 2025 Earnings Webcast

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September 22, 2025 · 4:20 PM UTC

Portillo's Announces Leadership Transition

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September 10, 2025 · 8:30 AM UTC

Portillo's Provides Business Update Highlighting Development Priorities and Simplification Efforts

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September 5, 2025 · 4:30 PM UTC

Portillo's Appoints Denise Lauer as Chief Marketing Officer

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