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PTLO

PORTILLO'S INC.
CIK 0001871509 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
41.7
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2025-12-28 ยท ELEVATED50.3

Tax arbitrage

ETR 12.4% vs 21% statutory โ€” gap persistent across 2 of 3 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-28": 0.1244,
    "2024-12-29": 0.1624,
    "2023-12-31": 0.1157
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-28": 0.0856,
    "2024-12-29": 0.0476,
    "2023-12-31": 0.0943
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871509/000187150926000012/0001871509-26-000012-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}
P-13 ยท FY 2025-12-28 ยท ELEVATED20.0

Zombie / distress

Altman Z'' 0.17 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-28": 1.915,
    "2024-12-29": 2.265,
    "2023-12-31": 2.018,
    "2022-12-25": 1.493
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 0.171,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 43677000,
    "interest_expense_t": 22808000
  },
  "stale": false,
  "latest_filing_period": "2025-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871509/000187150926000012/0001871509-26-000012-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}
P-01 ยท FY 2025-12-28 ยท CLEAN30.7

Earnings quality

Beneish M-Score -2.42 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.425,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.186,
    "GMI": 1,
    "AQI": 0.973,
    "SGI": 1.03,
    "DEPI": 1.091,
    "SGAI": 1,
    "LVGI": 0.981,
    "TATA": -0.032
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.0338,
  "inputs": {
    "revenue_t": 732066000,
    "revenue_t1": 710554000,
    "total_assets_t": 1606534000,
    "net_income_t": 19345000,
    "cfo_t": 71911000
  },
  "stale": false,
  "latest_filing_period": "2025-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871509/000187150926000012/0001871509-26-000012-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}
P-12 ยท FY 2025-12-28 ยท CLEAN14.0

Restatement predictor

F-Score 0.42 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.419,
  "probability": 0.00155,
  "components": {
    "rsst": -0.0338,
    "drec": 0.0008,
    "dinv": 0.0002,
    "soft": 0.726,
    "dcs": 0.0284,
    "droa": -0.0076,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-28",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1871509/000187150926000012/0001871509-26-000012-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}