Dave & Buster's
PLAY Β· Restaurants
$6.96
6.7%Papa John's
PZZA Β· Restaurants
$18.10
3.0%The short version
- Dave & Buster's is the larger business, with $2.1B of revenue in fiscal 2025 against $2.1B for Papa John's.
- Papa John's grew revenue faster (β0.3%, against β1.4%).
- Papa John's turned more of its sales into free cash flow (3.0% FCF margin, against β4.8% FCF margin).
- Papa John's earned a higher return on the capital invested in it (19.3%, against 4.1%).
| Latest fiscal year | PLAY Β· FY25 | PZZA Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $242M | $599M |
| Revenue | $2.1B | $2.1B |
| Free cash flow | β$101M | $61.3M |
| Net income | β$48.7M | $30.5M |
| Growth | ||
| Revenue growth | β1.4% | β0.3% |
| 5-year growth | 37.0% | 2.5% |
| Share count change | β13.4% | 0.4% |
| Profitability | ||
| Gross margin | 85.7% | β |
| Operating margin | 4.1% | 4.3% |
| Net margin | β2.3% | 1.5% |
| FCF margin | β4.8% | 3.0% |
| Return on capital | 4.1% | 19.3% |
| Return on equity | β | β |
| Balance sheet | ||
| Net debt | $1.6B | $729M |
| Net debt / EBITDA | 4.3x | 4.0x |
| Dividends and buybacks | $23.9M | $61.1M |
| Valuation & quality | ||
| P/E | β | 22.9x |
| Piotroski F-score | 6 | 4 |
FY16
PLAY $1.0B
PZZA $1.7B
FY17
PLAY $1.1B
PZZA $1.8B
FY18
PLAY $1.3B
PZZA $1.7B
FY19
PLAY $1.4B
PZZA $1.6B
FY20
PLAY $437M
PZZA $1.8B
FY21
PLAY $1.3B
PZZA $2.1B
FY22
PLAY $2.0B
PZZA $2.1B
FY23
PLAY $2.2B
PZZA $2.1B
FY24
PLAY $2.1B
PZZA $2.1B
FY25
PLAY $2.1B
PZZA $2.1B
PLAY
PZZA
FY16
PLAY 15.0%
PZZA 9.6%
FY17
PLAY 14.5%
PZZA 8.5%
FY18
PLAY 12.7%
PZZA 1.9%
FY19
PLAY 10.9%
PZZA 1.5%
FY20
PLAY β57.9%
PZZA 5.0%
FY21
PLAY 14.4%
PZZA 8.1%
FY22
PLAY 13.4%
PZZA 5.2%
FY23
PLAY 13.9%
PZZA 6.9%
FY24
PLAY 10.3%
PZZA 7.6%
FY25
PLAY 4.1%
PZZA 4.3%
PLAY
PZZA
FY16
PLAY $50.8M
PZZA $94.7M
FY17
PLAY $44.8M
PZZA $82.4M
FY18
PLAY $121M
PZZA $50.4M
FY19
PLAY $60.9M
PZZA $24.0M
FY20
PLAY β$132M
PZZA $151M
FY21
PLAY $191M
PZZA $116M
FY22
PLAY $210M
PZZA $39.4M
FY23
PLAY $34.0M
PZZA $116M
FY24
PLAY β$218M
PZZA $34.2M
FY25
PLAY β$101M
PZZA $61.3M
PLAY
PZZA
FY16
PLAY 14.2%
PZZA 39.6%
FY17
PLAY 17.6%
PZZA 36.3%
FY18
PLAY 16.7%
PZZA 6.2%
FY19
PLAY 15.0%
PZZA 15.5%
FY20
PLAY β25.8%
PZZA β
FY21
PLAY 22.1%
PZZA 122.5%
FY22
PLAY 18.8%
PZZA 32.0%
FY23
PLAY 15.6%
PZZA 38.5%
FY24
PLAY 11.4%
PZZA 36.9%
FY25
PLAY 4.1%
PZZA 19.3%
PLAY
PZZA
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.