Is the business good?
How good a business is BJRI?
BJ's Restaurants, Inc. earns 8.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.1%
Return on invested capital · cost of capital 9.0% · 0.95 points below what the capital costs: growth destroys value
- Operating margin
- 3.0%
Operating margin · Restaurants median 8.6% · 12 months to Q1 2026
- Cash conversion
- 1.81×
Cash conversion · 0.54× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −6.0%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −11% |
| FY2021 | −1.5% |
| FY2022 | −0.43% |
| FY2023 | 1.0% |
| FY2024 | 1.0% |
| FY2025 | 3.3% |
Details›
- Gross margin12 months to Q1 2026
- 75%
- Operating margin12 months to Q1 2026
- 3.0%
- Net margin12 months to Q1 2026
- 3.1%
- Free cash flow margin
- 5.7%
- Revenue, trailing twelve months
- $1.41B
- Free cash flow, trailing twelve months
- $80M
- Net income, trailing twelve months
- $44M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.