PTLO Consumer Cyclical

Portillo's Inc.

$5.21+0.58%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Restaurants
Country: United States
Market cap: 377.8M USD
Enterprise value: 755.2M USD
Full-time employees: 7,890

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.56 vs a peer median of 0.63), less short-term liquidity (current ratio 0.26 vs a peer median of 1.48) and more debt relative to equity (0.91× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.56 vs peers 0.63), less liquidity (current ratio 0.26 vs peers 1.48) and more debt vs equity (0.91× vs peers 0.46×)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Portillo's reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Investment surge. Capital spending 12% of revenue, up from 8.0% in 2022.
Portillo's is spending 12% of revenue on facilities and equipment, up from 8.0% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Valuation signals disagree. Cheaper than 48% of peers on operating cash profit (EBITDA), but only 0% on free cash flow.Cheaper than 48% of peers on operating cash profit, but only 0% on free cash flow.
Relative to its operating cash profit (EBITDA), Portillo's looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Portillo's looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $455M in 2020 to $732M in 2025.
Portillo's's fiscal-year revenue rose in each of the five years to 2025, from $455M to $732M.

StockQuotient Score

26/ 100▼ 1 since Oct 27 close

Oct 5 29 → Nov 4 26 (-3)

Valuation

Is the price right?

38/100

Weak▼ 4 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 42 → 38

Share price +20.9%-7
Company's reported figures updated+3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.1%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.09Sector median: 0.0439 · MAD: 0.0329

EBITDA yield8.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.10Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-2.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield125.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

27/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-58.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -2.48Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth6.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.29Sector median: 0.0425 · MAD: 0.0636

Revenue growth2.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.13Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

27/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.40Sector median: 0.0638 · MAD: 0.0461

Return on assets1.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.92Sector median: 0.0331 · MAD: 0.0254

Return on invested capital3.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.72Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin20.7%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity3.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.56

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -3.12Sector median: 0.6345 · MAD: 0.2980

Current ratio0.26×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.78Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.91×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.24Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Portillo's

Is Portillo's getting weaker?: Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 26/100, down 1 since Oct 28, 2026.
How is Portillo's valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 38/100 against 1,612 consumer cyclical peers. Free cash flow yield -2.4% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -2.4% vs peers 6.1% (weaker than 100% of peers).
Is Portillo's growing?: More slowly than most of its peers. Growth scores 27/100 against 1,612 consumer cyclical peers. Earnings per share growth -58.6% vs a peer median of 4.2% (weaker than 93% of peers).Earnings per share growth -58.6% vs peers 4.2% (weaker than 93% of peers).
How profitable is Portillo's?: Less profitable than most of its peers. Profitability scores 27/100 against 1,612 consumer cyclical peers. Return on assets 1.0% vs a peer median of 3.3% (weaker than 74% of peers).Return on assets 1.0% vs peers 3.3% (weaker than 74% of peers).
How risky is Portillo's?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.26× vs a peer median of 1.48× (weaker than 100% of peers).Current ratio 0.26× vs peers 1.48× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 28, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 29, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	738.3M USD	748.8M USD	+1.4%
Net income (12 months)	17.4M USD	15.6M USD	−10.1%
Operating margin	5.1%	4.5%	−0.6 pts
Free cash flow (12 months)	−9.8M USD	−9.2M USD	−6.9%
Debt	450.8M USD	435.4M USD	−3.4%
Cash	24.0M USD	21.3M USD	−11.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Restaurants · 19 companies

Valuations in Restaurants are within their usual range since 2016.

40% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +17% (medians): earnings grew faster than prices.
Median price-to-sales is −28% vs the whole market, against a usual −11%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	5.6%	7.0%	8.2%	8.2%	6.0%	▼ 2.2 pts
Net margin	-2.8%	1.8%	2.7%	4.2%	2.6%	▼ 1.5 pts
Return on assets (ROA)	-1.5%	0.8%	1.3%	2.0%	1.2%	▼ 0.8 pts
Return on equity (ROE)	-8.9%	4.2%	5.7%	7.4%	4.1%	▼ 3.2 pts
Free cash flow margin	1.3%	1.7%	-2.5%	1.4%	-2.5%	▼ 3.9 pts
Current ratio	0.88×	0.85×	0.40×	0.39×	0.27×	▼ 32%
Quick ratio	0.79×	0.75×	0.32×	0.33×	0.22×	▼ 32%
Debt to equity	1.86×	1.24×	1.00×	0.84×	0.91×	▲ 8.0%
Interest coverage	0.76×	1.49×	2.02×	2.27×	1.91×	▼ 15%

PTLO price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.56 vs a peer median of 0.63), less short-term liquidity (current ratio 0.26 vs a peer median of 1.48) and more debt relative to equity (0.91× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.56 vs peers 0.63), less liquidity (current ratio 0.26 vs peers 1.48) and more debt vs equity (0.91× vs peers 0.46×)

Ranks #1,338 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Portillo's reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Investment surge. Capital spending 12% of revenue, up from 8.0% in 2022.

Portillo's is spending 12% of revenue on facilities and equipment, up from 8.0% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Valuation signals disagree. Cheaper than 48% of peers on operating cash profit (EBITDA), but only 0% on free cash flow.Cheaper than 48% of peers on operating cash profit, but only 0% on free cash flow.

Relative to its operating cash profit (EBITDA), Portillo's looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, Portillo's looks cheaper than 48% of peers; relative to its free cash flow, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $455M in 2020 to $732M in 2025.

Portillo's's fiscal-year revenue rose in each of the five years to 2025, from $455M to $732M.

Questions investors ask about Portillo's

Is Portillo's getting weaker?

Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 26/100, down 1 since Oct 28, 2026.

How is Portillo's valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 38/100 against 1,612 consumer cyclical peers. Free cash flow yield -2.4% vs a peer median of 6.1% (weaker than 100% of peers).Free cash flow yield -2.4% vs peers 6.1% (weaker than 100% of peers).

Is Portillo's growing?

More slowly than most of its peers. Growth scores 27/100 against 1,612 consumer cyclical peers. Earnings per share growth -58.6% vs a peer median of 4.2% (weaker than 93% of peers).Earnings per share growth -58.6% vs peers 4.2% (weaker than 93% of peers).

How profitable is Portillo's?

Less profitable than most of its peers. Profitability scores 27/100 against 1,612 consumer cyclical peers. Return on assets 1.0% vs a peer median of 3.3% (weaker than 74% of peers).Return on assets 1.0% vs peers 3.3% (weaker than 74% of peers).

How risky is Portillo's?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 0.26× vs a peer median of 1.48× (weaker than 100% of peers).Current ratio 0.26× vs peers 1.48× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

738.3M USD

748.8M USD

+1.4%

Net income (12 months)

17.4M USD

15.6M USD

−10.1%

Operating margin

5.1%

4.5%

−0.6 pts

Free cash flow (12 months)

−9.8M USD

−9.2M USD

−6.9%

Debt

450.8M USD

435.4M USD

−3.4%

Cash

24.0M USD

21.3M USD

−11.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

5.6%

7.0%

8.2%

6.0%

▼ 2.2 pts

Net margin

-2.8%

1.8%

2.7%

4.2%

2.6%

▼ 1.5 pts

Return on assets (ROA)

-1.5%

0.8%

1.3%

2.0%

1.2%

▼ 0.8 pts

Return on equity (ROE)

-8.9%

4.2%

5.7%

7.4%

4.1%

▼ 3.2 pts

Free cash flow margin

1.3%

1.7%

-2.5%

1.4%

-2.5%

▼ 3.9 pts

Current ratio

0.88×

0.85×

0.40×

0.39×

0.27×

▼ 32%

Quick ratio

0.79×

0.75×

0.32×

0.33×

0.22×

▼ 32%

Debt to equity

1.86×

1.24×

1.00×

0.84×

0.91×

▲ 8.0%

Interest coverage

0.76×

1.49×

2.02×

2.27×

1.91×

▼ 15%