NATH vs. PZZA

Last updated Apr 2, 2026

Compare and contrast key facts about Nathan's Famous, Inc. (NATH) and Papa John's International, Inc. (PZZA).

Performance

NATH vs. PZZA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nathan's Famous, Inc. (NATH) and Papa John's International, Inc. (PZZA). The values are adjusted to include any dividend payments, if applicable.

NATH vs. PZZA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NATH Nathan's Famous, Inc.	8.11%	24.58%	3.51%	19.24%	18.67%	8.05%	-20.24%	8.66%	-11.19%	23.77%
PZZA Papa John's International, Inc.	-13.61%	-2.01%	-44.21%	-5.28%	-37.26%	58.87%	35.88%	61.50%	-27.80%	-33.68%

Fundamentals

Market Cap NATH : $414.62M PZZA : $1.08B
EPS NATH : $5.20 PZZA : $1.96
PE Ratio NATH : 19.36 PZZA : 16.74
PS Ratio NATH : 2.63 PZZA : 0.53
Total Revenue (TTM) NATH : $157.78M PZZA : $2.05B
Gross Profit (TTM) NATH : $48.04M PZZA : $593.32M
EBITDA (TTM) NATH : $32.46M PZZA : $99.85M

Returns By Period

In the year-to-date period, NATH achieves a 8.11% return, which is significantly higher than PZZA's -13.61% return. Over the past 10 years, NATH has outperformed PZZA with an annualized return of 11.55%, while PZZA has yielded a comparatively lower -3.12% annualized return.

NATH

• 1D: -0.07%
• 1M: 0.08%
• YTD: 8.11%
• 6M: -6.07%
• 1Y: 9.76%
• 3Y*: 13.67%
• 5Y*: 12.34%
• 10Y*: 11.55%

PZZA

• 1D: 1.23%
• 1M: 2.72%
• YTD: -13.61%
• 6M: -30.29%
• 1Y: -17.37%
• 3Y*: -21.20%
• 5Y*: -15.66%
• 10Y*: -3.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NATH vs. PZZA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NATH

NATH Risk / Return Rank: 49
NATH Sharpe Ratio Rank: 52
NATH Sortino Ratio Rank: 46
NATH Omega Ratio Rank: 46
NATH Calmar Ratio Rank: 52
NATH Martin Ratio Rank: 51

PZZA

PZZA Risk / Return Rank: 27
PZZA Sharpe Ratio Rank: 26
PZZA Sortino Ratio Rank: 25
PZZA Omega Ratio Rank: 26
PZZA Calmar Ratio Rank: 29
PZZA Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NATH vs. PZZA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nathan's Famous, Inc. (NATH) and Papa John's International, Inc. (PZZA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NATH	PZZA	Difference
Sharpe ratio Return per unit of total volatility	0.33	-0.33	+0.66
Sortino ratio Return per unit of downside risk	0.68	-0.15	+0.83
Omega ratio Gain probability vs. loss probability	1.09	0.98	+0.11
Calmar ratio Return relative to maximum drawdown	0.48	-0.38	+0.86
Martin ratio Return relative to average drawdown	0.91	-0.73	+1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NATH vs. PZZA - Sharpe Ratio Comparison

The current NATH Sharpe Ratio is 0.33, which is higher than the PZZA Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of NATH and PZZA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NATH	PZZA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	-0.33	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.38	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	-0.08	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.19	+0.04

Correlation

The correlation between NATH and PZZA is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NATH vs. PZZA - Dividend Comparison

NATH's dividend yield for the trailing twelve months is around 4.47%, less than PZZA's 5.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NATH Nathan's Famous, Inc.	4.47%	4.81%	2.54%	2.56%	2.68%	2.40%	2.54%	1.83%	1.13%	6.62%	0.00%	48.49%
PZZA Papa John's International, Inc.	5.61%	4.78%	4.48%	2.31%	1.87%	0.86%	1.06%	1.43%	2.26%	1.51%	0.88%	1.13%

Drawdowns

NATH vs. PZZA - Drawdown Comparison

The maximum NATH drawdown since its inception was -76.16%, roughly equal to the maximum PZZA drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for NATH and PZZA.

Drawdown Indicators

	NATH	PZZA	Difference
Max Drawdown Largest peak-to-trough decline	-76.16%	-76.22%	+0.06%
Max Drawdown (1Y) Largest decline over 1 year	-19.52%	-43.11%	+23.59%
Max Drawdown (5Y) Largest decline over 5 years	-35.27%	-76.22%	+40.95%
Max Drawdown (10Y) Largest decline over 10 years	-53.17%	-76.22%	+23.05%
Current Drawdown Current decline from peak	-9.41%	-73.17%	+63.76%
Average Drawdown Average peak-to-trough decline	-32.31%	-27.74%	-4.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.18%	22.60%	-12.42%

Volatility

NATH vs. PZZA - Volatility Comparison

The current volatility for Nathan's Famous, Inc. (NATH) is 0.93%, while Papa John's International, Inc. (PZZA) has a volatility of 22.78%. This indicates that NATH experiences smaller price fluctuations and is considered to be less risky than PZZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NATH	PZZA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	22.78%	-21.85%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	39.28%	-21.04%
Volatility (1Y) Calculated over the trailing 1-year period	29.30%	53.56%	-24.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.54%	40.99%	-12.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.05%	41.43%	-8.38%

Financials

NATH vs. PZZA - Profitability Comparison

The chart below illustrates the profitability comparison between Nathan's Famous, Inc. and Papa John's International, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NATH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nathan's Famous, Inc. reported a gross profit of 11.17M and revenue of 34.31M. Therefore, the gross margin over that period was 32.6%.

PZZA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Papa John's International, Inc. reported a gross profit of 186.49M and revenue of 498.18M. Therefore, the gross margin over that period was 37.4%.

NATH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nathan's Famous, Inc. reported an operating income of 5.13M and revenue of 34.31M, resulting in an operating margin of 14.9%.

PZZA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Papa John's International, Inc. reported an operating income of 24.52M and revenue of 498.18M, resulting in an operating margin of 4.9%.

NATH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nathan's Famous, Inc. reported a net income of 3.08M and revenue of 34.31M, resulting in a net margin of 9.0%.

PZZA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Papa John's International, Inc. reported a net income of 41.18M and revenue of 498.18M, resulting in a net margin of 8.3%.