Portillo's Inc. (PTLO) Income Statement
PTLO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPTLO revenue and net income
Where PTLO's revenue goes
2025Each bar shows an amount and its share of revenue. PTLO kept 2.6% of revenue as net income.
PTLO profit margins
PTLO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.0% | +7.6% | +10.0% | — |
| Gross profit | +0.3% | +8.1% | +7.9% | — |
| Operating income | −11.8% | +7.4% | −2.2% | — |
| Net income | −34.5% | +21.3% | +9.5% | — |
| EPS (diluted) | +2.0% | +19.9% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PTLO quarterly EPS vs estimates
Portillo's beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.04).
PTLO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $732.1M | $710.6M | $679.9M | $587.1M | $535.0M | $455.5M | $479.4M |
| Cost of revenue | $443.4M | $422.8M | $404.7M | $358.6M | $305.6M | $258.4M | $283.3M |
| Gross profit | $288.7M | $287.8M | $275.2M | $228.5M | $229.4M | $197.0M | $196.1M |
| Sales, general & admin | $117.8M | $121.0M | $145.6M | $102.3M | $118.7M | $67.0M | $70.5M |
| Total operating expenses | $237.5M | $229.8M | $219.7M | $187.2M | $199.4M | $139.7M | $147.2M |
| Operating income | $51.2M | $58.0M | $55.4M | $41.3M | $30.0M | $57.3M | $48.9M |
| Interest income | $275,000 | $309,000 | $212,000 | $0 | $0 | — | — |
| Interest expense | $22.8M | $25.6M | $27.5M | $27.6M | $39.7M | $45.0M | $43.4M |
| Income before taxes | $24.1M | $41.9M | $28.1M | $19.0M | −$16.9M | $12.3M | $5.6M |
| Income taxes | $3.0M | $6.8M | $3.2M | $1.8M | −$3.5M | $20.5M | $18.4M |
| Net income | $19.3M | $29.5M | $18.4M | $10.9M | $6.0M | $12.3M | $5.6M |
| EBITDA | $76.0M | $94.8M | $79.8M | $67.5M | $46.1M | $81.9M | $73.3M |
| EPS (diluted) | $0.50 | $0.49 | $0.41 | $0.29 | −$0.26 | −$0.01 | −$0.01 |
| Gross margin | 39.4% | 40.5% | 40.5% | 38.9% | 42.9% | 43.3% | 40.9% |
| Operating margin | 7.0% | 8.2% | 8.2% | 7.0% | 5.6% | 12.6% | 10.2% |
| Net margin | 2.6% | 4.2% | 2.7% | 1.8% | 1.1% | 2.7% | 1.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199.0M | $182.6M | $185.7M | $181.4M | $188.5M | $176.4M | $184.6M | $178.3M | $181.9M | $165.8M | $187.9M | $166.8M |
| Cost of revenue | $155.7M | $147.8M | $112.5M | $152.0M | $112.1M | $108.0M | $108.3M | $106.1M | $108.1M | $100.3M | $113.1M | $98.1M |
| Gross profit | $43.2M | $34.8M | $73.3M | $29.4M | $76.4M | $68.5M | $76.3M | $72.2M | $73.7M | $65.6M | $74.7M | $68.7M |
| Sales, general & admin | $19.6M | $20.4M | $29.5M | $20.0M | $28.8M | $28.9M | $29.2M | $29.2M | $36.4M | $37.2M | $38.5M | $30.3M |
| Total operating expenses | $29.5M | $30.4M | $59.9M | $20.0M | $58.8M | $58.1M | $62.5M | $56.2M | $55.6M | $55.5M | $60.3M | $53.6M |
| Operating income | $13.8M | $4.5M | $13.4M | $9.4M | $17.5M | $10.4M | $13.8M | $16.0M | $18.1M | $10.1M | $14.5M | $15.1M |
| Interest income | $60,000 | $50,000 | $7,000 | $118,000 | $79,000 | $71,000 | $105,000 | $50,000 | $75,000 | $79,000 | $96,000 | $116,000 |
| Interest expense | $5.7M | $5.6M | $5.7M | $5.7M | $5.7M | $5.7M | $6.0M | $6.5M | $6.6M | $6.5M | $6.9M | $6.6M |
| Income before taxes | $8.9M | −$673,000 | $5.5M | −$465,000 | $13.7M | $5.3M | $14.3M | $11.3M | $12.0M | $4.2M | $9.3M | $9.2M |
| Income taxes | $1.8M | −$164,000 | −$795,000 | −$1.2M | $3.7M | $1.4M | $1.9M | $2.5M | $3.5M | −$1.1M | −$357,000 | $2.6M |
| Net income | $6.9M | −$402,000 | $6.1M | $1.2M | $8.7M | $3.3M | $11.3M | $7.2M | $6.5M | $4.6M | $7.8M | $4.4M |
| EBITDA | $21.3M | $12.9M | $18.8M | $12.5M | $26.6M | $18.1M | $26.9M | $24.4M | $25.7M | $17.7M | $22.7M | $21.9M |
| EPS (diluted) | $0.09 | $0.02 | $0.17 | $0.14 | $0.13 | $0.06 | $0.17 | $0.11 | $0.11 | $0.10 | $0.13 | $0.09 |
| Gross margin | 21.7% | 19.1% | 39.5% | 16.2% | 40.5% | 38.8% | 41.3% | 40.5% | 40.5% | 39.5% | 39.8% | 41.2% |
| Operating margin | 6.9% | 2.5% | 7.2% | 5.2% | 9.3% | 5.9% | 7.5% | 9.0% | 10.0% | 6.1% | 7.7% | 9.1% |
| Net margin | 3.5% | −0.2% | 3.3% | 0.7% | 4.6% | 1.9% | 6.1% | 4.1% | 3.6% | 2.8% | 4.1% | 2.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PTLO's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PTLO financial results
In fiscal year 2025 (ended December 31, 2025), Portillo's reported revenue of $732.1 million, up 3.0% from the year before. It had net income of $19.3 million (down 34.5%), a net profit margin of 2.6%. Diluted earnings per share came to $0.50. Over five years revenue grew at an average rate of 10.0% a year.
See the PTLO stock overview for the latest quote and news, or the PTLO chart for price history and technical indicators.
PTLO income statement FAQ
What is Portillo's's annual revenue?
Portillo's reported total revenue of $732.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.0% from $710.6 million the previous year.
Is Portillo's profitable?
Yes. Portillo's reported net income of $19.3 million in fiscal 2025, a net profit margin of 2.6%; its operating margin was 7.0%.
What is Portillo's's gross margin?
Portillo's's gross margin was 39.4% in fiscal 2025: for every $100 of revenue, Portillo's kept $39 after the direct cost of its products and services.
How fast is Portillo's growing?
Revenue grew 10.0% a year on average over the last five fiscal years, from $455.5 million to $732.1 million.
What are Portillo's's earnings per share?
Portillo's earned $0.50 per diluted share in fiscal 2025, compared with $0.49 a year earlier.
When will Portillo's report its next earnings?
Portillo's is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Portillo's's fiscal year end?
Portillo's's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.