DASH Consumer Cyclical

DoorDash, Inc.

$183.32-3.55%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Consumer Cyclical
Industry: Internet Retail
Country: United States
Market cap: 79.4B USD
Enterprise value: 77.4B USD
Full-time employees: 31,400

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.89 vs a peer median of 0.63)higher risk: bigger price swings (beta 1.89 vs peers 0.63)
About average: profitability

Ranks #929 of 1,502 consumer cyclical companies (bottom 39%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $3.2B vs $974M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years DoorDash recorded $3.2B of stock-based pay expense and spent $974M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years DoorDash recorded $3.2B of stock-based pay expense and spent $974M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Operating margin at a 6-year high. 5.3% in 2025, the best of the last 6 years.
DoorDash kept 5.3% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Cash flow well above reported profit. Free cash flow is 3.1× reported profit.
Free cash flow is 3.1× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.9B in 2020 to $13.7B in 2025.
DoorDash's fiscal-year revenue rose in each of the five years to 2025, from $2.9B to $13.7B.

StockQuotient Score

46/ 100

Oct 5 46 → Nov 4 46

Valuation

Is the price right?

16/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 17 → 16

Share price +7.5%-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -1.02Sector median: 0.0439 · MAD: 0.0329

EBITDA yield1.9%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -1.50Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield3.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.53Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield12.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

94/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 7.9%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth7.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.13Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth27.4%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 3.64Sector median: 0.0425 · MAD: 0.0636

Revenue growth33.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 4.58Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

52/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ ROIC
▲ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.41Sector median: 0.0638 · MAD: 0.0461

Return on assets4.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.39Sector median: 0.0331 · MAD: 0.0254

Return on invested capital10.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.48Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin52.2%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity8.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.89

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio1.37×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.20Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.33×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.37Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about DoorDash

Is DoorDash getting weaker?: Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 46/100 since Oct 28, 2026.
How is DoorDash valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 16/100 against 1,612 consumer cyclical peers. EBITDA yield 1.9% vs a peer median of 8.8% (weaker than 85% of peers).EBITDA yield 1.9% vs peers 8.8% (weaker than 85% of peers).
Is DoorDash growing?: Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. Revenue growth 33.6% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 33.6% vs peers 3.7% (stronger than 95% of peers).
How profitable is DoorDash?: About as profitable as its peers. Profitability scores 52/100 against 1,612 consumer cyclical peers. Return on invested capital 10.2% vs a peer median of 7.3% (stronger than 63% of peers).Return on invested capital 10.2% vs peers 7.3% (stronger than 63% of peers). Operating margin 4.5% vs a peer median of 6.4% (weaker than 63% of peers).Operating margin 4.5% vs peers 6.4% (weaker than 63% of peers).
How risky is DoorDash?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.33× vs a peer median of 0.46× (stronger than 62% of peers).Debt / equity 0.33× vs peers 0.46× (stronger than 62% of peers). Beta 1.89 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.89 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	14.7B USD	15.9B USD	+7.9%
Net income (12 months)	926.0M USD	841.0M USD	−9.2%
Operating margin	4.9%	4.5%	−0.4 pts
Free cash flow (12 months)	2.1B USD	2.6B USD	+20.7%
Cash	4.6B USD	4.4B USD	−3.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Internet Retail companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-9.2%	-17.1%	-6.7%	-0.4%	5.3%	▲ 5.6 pts
Net margin	-9.6%	-20.7%	-6.5%	1.1%	6.8%	▲ 5.7 pts
Return on assets (ROA)	-6.9%	-13.9%	-5.1%	1.0%	4.8%	▲ 3.8 pts
Return on equity (ROE)	-10.0%	-20.2%	-8.2%	1.6%	9.3%	▲ 7.7 pts
Free cash flow margin	11.5%	2.9%	18.0%	18.9%	15.8%	▼ 3.1 pts
Current ratio	2.59×	1.86×	1.64×	1.66×	1.41×	▼ 16%
Interest coverage	-32.29×	-562.00×	—	—	—	—

DASH price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.89 vs a peer median of 0.63)higher risk: bigger price swings (beta 1.89 vs peers 0.63)

About average: profitability

Ranks #929 of 1,502 consumer cyclical companies (bottom 39%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $3.2B vs $974M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years DoorDash recorded $3.2B of stock-based pay expense and spent $974M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years DoorDash recorded $3.2B of stock-based pay expense and spent $974M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Operating margin at a 6-year high. 5.3% in 2025, the best of the last 6 years.

DoorDash kept 5.3% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Cash flow well above reported profit. Free cash flow is 3.1× reported profit.

Free cash flow is 3.1× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $2.9B in 2020 to $13.7B in 2025.

DoorDash's fiscal-year revenue rose in each of the five years to 2025, from $2.9B to $13.7B.

Questions investors ask about DoorDash

Is DoorDash getting weaker?

Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is unchanged at 46/100 since Oct 28, 2026.

How is DoorDash valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 16/100 against 1,612 consumer cyclical peers. EBITDA yield 1.9% vs a peer median of 8.8% (weaker than 85% of peers).EBITDA yield 1.9% vs peers 8.8% (weaker than 85% of peers).

Is DoorDash growing?

Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. Revenue growth 33.6% vs a peer median of 3.7% (stronger than 95% of peers).Revenue growth 33.6% vs peers 3.7% (stronger than 95% of peers).

How profitable is DoorDash?

About as profitable as its peers. Profitability scores 52/100 against 1,612 consumer cyclical peers. Return on invested capital 10.2% vs a peer median of 7.3% (stronger than 63% of peers).Return on invested capital 10.2% vs peers 7.3% (stronger than 63% of peers). Operating margin 4.5% vs a peer median of 6.4% (weaker than 63% of peers).Operating margin 4.5% vs peers 6.4% (weaker than 63% of peers).

How risky is DoorDash?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.33× vs a peer median of 0.46× (stronger than 62% of peers).Debt / equity 0.33× vs peers 0.46× (stronger than 62% of peers). Beta 1.89 vs a peer median of 0.63 (weaker than 100% of peers).Beta 1.89 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

14.7B USD

15.9B USD

+7.9%

Net income (12 months)

926.0M USD

841.0M USD

−9.2%

Operating margin

4.9%

4.5%

−0.4 pts

Free cash flow (12 months)

2.1B USD

2.6B USD

+20.7%

Cash

4.6B USD

4.4B USD

−3.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-9.2%

-17.1%

-6.7%

-0.4%

5.3%

▲ 5.6 pts

Net margin

-9.6%

-20.7%

-6.5%

1.1%

6.8%

▲ 5.7 pts

Return on assets (ROA)

-6.9%

-13.9%

-5.1%

1.0%

4.8%

▲ 3.8 pts

Return on equity (ROE)

-10.0%

-20.2%

-8.2%

1.6%

9.3%

▲ 7.7 pts

Free cash flow margin

11.5%

2.9%

18.0%

18.9%

15.8%

▼ 3.1 pts

Current ratio

2.59×

1.86×

1.64×

1.66×

1.41×

▼ 16%

Interest coverage

-32.29×

-562.00×

—