Domino's Pizza, Inc. DPZ

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 313.71 USD on Nov 1, 2026, −23.4% year to date

Quant rating

Quant rating C Rank 164 of 344 in Consumer Discretionary

Growth C 148 of 344
Valuation C 164 of 344
Quality B 54 of 344
Revisions C 214 of 344
Momentum C 234 of 344

Wall Street consensus Buy (2.44)Average target 357.12 USD +13.8%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 10.3B
Enterprise value: 14.9B
52-week range: 282.00 – 442.35
3-year range: 282.00 – 533.64
Dividend yield: 2.54%
Beta (5 years): 0.95
Shares outstanding: 32.9M
Next earnings: Feb 22, 2027

About the company

Domino's Pizza, Inc. is a pizza company. The Company serves neighborhoods locally through its network of franchise owners and United States Company-owned stores through both the delivery and carryout service. Its segments include U.S. stores, international franchise, and supply chain. The U.S. stores segment includes operations with respect to all franchised and Company-owned stores throughout the United States. The supply chain segment primarily includes the distribution of food, and to a lesser extent, other products, from the Company's supply chain center operations in the United States and Canada. The international franchise segment includes operations related to the Company's franchising business in foreign markets. It is primarily a franchisor, with approximately 99% of its global stores owned and operated by its independent franchisees. In its international markets, the Company generally grants geographical rights to the Domino's Pizza brand to master franchisees.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	4,940	4,706	4,479	4,537	4,357	–
Revenue growth	5.0%	5.1%	−1.3%	4.1%	5.8%	3.7%
EPS (basic, normalized)	17.57	16.69	14.67	12.07	13.60	–
EPS growth	5.3%	13.8%	21.5%	−11.2%	–	–
Gross margin	40.0%	39.3%	38.6%	36.3%	38.7%	38.6%
Net margin	12.2%	12.4%	11.6%	10.0%	11.7%	11.6%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	300
Current ratio	0.49x
Long-term debt (mil)	3,559
Net debt (mil)	4,585
Total equity (mil)	−3,955
Net debt / equity	−1.16x
Net debt / EBITDA	4.40x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	4,940	+5.0%	3.0x	1,043	+8.3%	14.3x	17.57	+5.3%	17.9x
2026	5,185	+5.0%	2.9x	1,118	+7.2%	13.3x	19.13	+8.9%	16.4x
2027	5,270	+1.6%	2.8x	1,138	+1.8%	13.1x	20.67	+8.0%	15.2x
2028	5,417	+2.8%	2.8x	1,176	+3.4%	12.7x	22.14	+7.1%	14.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	5,185	+0.1%	+0.2%	−0.6%	19.13	+0.4%	+0.6%	−0.5%
2027	5,270	−0.7%	−0.7%	−2.4%	20.67	−1.0%	−1.0%	−1.5%
2028	5,417	−1.6%	−1.6%	−4.2%	22.14	−1.9%	−2.0%	−3.9%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales reported (mil)	1,098	1,080	1,444	1,112	1,145	1,147	1,536	1,151	1,194	1,186
Sales mean (mil)	1,103	1,099	1,477	1,127	1,145	1,137	1,520	1,163	1,179	1,176
Surprise	−0.5%	−1.7%	−2.2%	−1.3%	0.0%	+0.9%	+1.1%	−1.1%	+1.3%	+0.8%
EPS reported	4.03	4.19	4.89	4.33	3.81	4.08	5.35	3.96	4.07	4.60
EPS mean	3.68	3.65	4.90	4.07	3.95	3.97	5.37	4.27	4.17	4.37
Surprise	+9.4%	+14.9%	−0.3%	+6.3%	−3.6%	+2.8%	−0.5%	−7.2%	−2.5%	+5.3%

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DPZ Domino's Pizza, Inc.	10.3B	4.40x	12.2%	−2.61x	16.4x	15.2x	13.3x	13.1x
MCD McDonald's Corp	182.7B	2.63x	31.9%	−178.54x	20.1x	18.8x	14.2x	13.6x
BKNG Booking Holdings Inc.	111.3B	0.30x	20.1%	−10.41x	14.2x	12.0x	10.5x	9.3x
SBUX Starbucks Corp	118.2B	1.58x	5.0%	−15.40x	32.6x	27.8x	19.2x	17.2x
MAR Marriott International, Inc.	104.1B	3.06x	9.9%	−23.10x	34.0x	30.5x	20.1x	18.7x
HLT Hilton Worldwide Holdings Inc.	79.4B	3.39x	12.1%	−12.08x	39.1x	34.1x	22.7x	20.6x
Mean		2.56x	15.2%	−40.36x	26.1x	23.0x	16.7x	15.4x
Median		2.85x	12.1%	−13.74x	26.3x	23.3x	16.7x	15.4x

Technical analysis

1M+7.3%
3M−9.9%
1Y−22.0%
3Y−3.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Domino's Pizza, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	4,940	4,706	4,479	4,537	4,357	4,117
Cost of revenue	2,966	2,858	2,752	2,889	2,669	2,523
Gross profit	1,974	1,849	1,727	1,649	1,688	1,594
Selling, general & administrative expenses	1,024	969	908	902	908	869
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	−4.0	0.2	0.1	−21.2	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	954	879	820	768	780	726
Net interest income (expense)	−179	−157	−167	−195	−191	−171
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−5.0	0	0	0	36.8	0
Net income before taxes	770	722	652	573	626	555
Provision for taxes	169	138	133	121	115	63.8
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	602	584	519	452	510	491
Extraordinary items	–	–	–	–	–	–
Net income	602	584	519	452	510	491
EBIT, normalized	948	881	821	749	782	729
EBITDA, normalized	1,037	968	902	829	855	794
Basic EPS, normalized	17.57	16.69	14.67	12.07	13.60	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Domino's Pizza, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	218	267	202	204	310	285
Receivables	334	323	297	271	270	272
Total inventory	79.2	70.9	83.0	81.6	68.3	66.7
Prepaid expenses	46.7	48.6	34.3	43.2	31.9	29.0
Other current assets	216	195	201	191	181	217
Total current assets	894	905	817	791	861	869
Property, plant & equipment	544	511	512	521	535	526
Goodwill	10.7	11.6	11.7	11.8	15.0	15.1
Intangibles	159	155	134	108	95.6	81.3
Long-term investments	61.0	103	160	139	141	13.3
Note receivable	–	–	–	–	–	–
Other long-term assets	47.7	50.3	39.9	30.8	24.6	62.5
Total assets	1,716	1,737	1,675	1,602	1,672	1,567
Liabilities
Accounts payable	135	85.9	106	89.7	91.5	94.5
Payable/accrued	–	–	–	–	–	–
Accrued expenses	254	245	247	197	232	202
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	6.1	1,150	56.4	54.8	55.6	2.9
Other current liabilities	146	132	138	195	212	172
Total current liabilities	542	1,612	547	537	591	471
Long-term debt	4,811	3,826	4,934	4,967	5,015	4,116
Minority interest	–	–	–	–	–	–
Other liabilities	265	261	264	287	276	281
Total liabilities	5,618	5,699	5,745	5,791	5,881	4,868
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	0.3	0.3	0.3	0.4	0.4	0.4
Additional paid-in capital	1.9	1.3	2.8	9.7	0.8	5.1
Retained earnings (accumulated deficit)	−3,899	−3,956	−4,070	−4,194	−4,208	−3,303
Treasury stock	–	–	–	–	–	–
Other equity	−4.8	−7.4	−3.9	−4.7	−2.8	−2.4
Total equity	−3,901	−3,962	−4,070	−4,189	−4,210	−3,300
Total liabilities & shareholders' equity	1,716	1,737	1,675	1,602	1,672	1,567

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Domino's Pizza, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	602	584	519	452	510	491
Depreciation, depletion & amortization	88.8	87.7	80.6	80.3	72.9	65.0
Deferred taxes	1.3	−9.1	−19.5	0.3	2.0	14.4
Non-cash items	47.5	6.1	24.9	16.4	−17.6	−25.5
Changes in working capital	52.8	−44.0	−14.2	−73.8	86.5	47.6
Cash from operations	792	625	591	475	654	593
Investing activities
Capital expenditures	−121	−113	−105	−87.2	−94.2	−88.8
Other investing cash flows	50.4	81.7	−1.5	33.6	−48.6	−40.2
Cash from investing	−70.2	−31.2	−107	−53.7	−143	−129
Financing activities
Financing cash flow items	−26.8	−11.1	−5.4	−12.3	−22.0	−6.8
Cash dividends paid	−237	−210	−170	−158	−139	−122
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−488	−311	−301	−346	−361	−318
Cash from financing	−752	−532	−476	−516	−523	−446
Foreign exchange effects	1.8	−2.2	0.3	−1.0	−0.3	0.8
Net change in cash	−28.4	59.3	7.9	−95.3	−11.7	18.2
Free cash flow	672	512	485	388	560	504

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.