Domino's Pizza, Inc.

DPZ · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000
Valuation
Market cap	$14,378	$14,836	$14,379	$12,262	$20,519	$13,943	$10,682	$9,017	$6,871	$5,790	$4,045	$5,231	$3,884	$2,457	$2,000	$933	$480	$272	$822	$1,770	$1,618	$1,304	–	$8,168	$490	$490
Enterprise value	$19,485	$19,847	$19,474	$17,454	$25,663	$18,131	$14,842	$12,523	$9,989	$7,935	$6,152	$6,725	$5,406	$3,963	$3,365	$2,301	$2,010	$1,931	$2,530	$2,474	$2,288	$2,045	–	$8,741	$1,043	$1,113
P/E (TTM) at period end	23.90×	25.40×	27.70×	27.11×	40.20×	28.38×	26.66×	24.91×	24.72×	26.97×	20.98×	32.18×	27.17×	21.86×	18.98×	10.61×	6.02×	5.04×	21.69×	16.67×	14.94×	20.94×	–	135.00×	13.32×	19.38×
P/S (TTM) at period end	2.91×	3.15×	3.21×	2.70×	4.71×	3.39×	2.95×	2.63×	2.46×	2.34×	1.82×	2.62×	2.16×	1.46×	1.21×	0.59×	0.34×	0.19×	0.56×	1.23×	1.07×	0.90×	–	6.41×	0.39×	0.42×
P/B at period end	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
EV / EBITDA (TTM)	18.68×	20.53×	21.63×	20.58×	30.07×	22.93×	21.53×	20.03×	17.66×	16.12×	14.05×	17.64×	15.92×	12.97×	11.88×	9.14×	9.41×	8.65×	9.60×	9.90×	9.76×	9.70×	–	–	6.51×	7.62×
EV / Sales (TTM)	3.94×	4.22×	4.35×	3.85×	5.89×	4.40×	4.10×	3.65×	3.58×	3.21×	2.78×	3.37×	3.00×	2.36×	2.04×	1.46×	1.43×	1.36×	1.73×	1.72×	1.51×	1.41×	–	6.86×	0.83×	0.95×
Returns
Return on equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Return on invested capital	61.8%	67.8%	63.6%	60.5%	68.2%	72.3%	70.2%	103.5%	94.6%	108.0%	83.1%	79.3%	86.0%	102.7%	85.1%	74.4%	47.5%	54.1%	51.1%	102.4%	77.9%	56.0%	50.1%	98.9%	271.2%	98.0%
Dividend yield	1.6%	1.4%	1.2%	1.3%	0.7%	0.9%	1.0%	1.0%	1.2%	1.3%	2.0%	1.0%	0.9%	7.5%	–	–	–	–	109.2%	1.7%	1.7%	0.3%	–	–	–	–
Financial health
Current ratio	1.65×	0.56×	1.49×	1.47×	1.46×	1.85×	1.74×	1.49×	1.46×	1.23×	1.60×	1.61×	1.38×	1.33×	1.66×	1.64×	1.27×	1.70×	1.29×	1.07×	1.02×	1.00×	0.99×	–	–	–
Debt / equity	(1.23×)	(1.26×)	(1.23×)	(1.20×)	(1.20×)	(1.25×)	(1.20×)	(1.16×)	(1.15×)	(1.16×)	(1.24×)	(1.23×)	(1.19×)	(1.17×)	(1.20×)	(1.20×)	(1.21×)	(1.19×)	(1.19×)	(1.31×)	(1.44×)	(1.42×)	(1.34×)	(1.27×)	(1.17×)	(1.20×)
Effective tax rate	21.9%	19.1%	20.4%	21.0%	18.4%	11.5%	17.0%	15.6%	30.6%	37.7%	37.0%	37.1%	36.5%	38.0%	37.2%	36.7%	41.2%	34.9%	31.8%	33.8%	37.5%	37.8%	37.5%	37.1%	39.0%	39.0%
Share count
Diluted shares outstanding	34	35	35	36	38	40	42	43	48	50	56	57	58	59	62	61	58	58	64	64	69	77	3	672	41	41

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000
Revenue and gross profit
Revenue	$5,066	$4,940	$4,706	$4,479	$4,537	$4,357	$4,117	$3,619	$3,433	$2,788	$2,473	$2,217	$1,994	$1,802	$1,678	$1,652	$1,571	$1,404	$1,425	$1,463	$1,437	$1,512	$1,446	$1,333	$1,275	$1,258	$1,166
Cost of revenue	($3,038)	($2,966)	($2,858)	($2,752)	($2,889)	($2,669)	($2,523)	($2,216)	($2,130)	($1,922)	($1,705)	($1,533)	($1,399)	($1,253)	($1,177)	($1,182)	($1,132)	($1,017)	($1,062)	($1,084)	($1,053)	($1,126)	($1,093)	($992)	–	($944)	($868)
Gross profit	$2,029	$1,974	$1,849	$1,727	$1,649	$1,688	$1,594	$1,402	$1,303	$866	$768	$683	$595	$549	$501	$471	$439	$387	$363	$379	$385	$385	$354	$341	–	$314	$298
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($647)	($464)	($459)	($435)	($417)	($428)	($407)	($382)	($372)	($345)	($314)	($278)	($249)	($235)	($219)	($211)	($211)	($197)	($168)	($185)	($170)	($186)	($182)	($182)	–	($187)	($186)
Total operating expenses	($1,029)	($1,020)	($970)	($908)	($881)	($908)	($869)	($773)	($731)	($345)	($314)	($278)	($249)	($235)	($219)	($211)	($211)	($197)	($168)	($185)	($170)	($186)	($182)	($182)	–	($187)	($186)
Total costs and expenses	($4,067)	($3,986)	($3,827)	($3,660)	($3,769)	($3,577)	($3,392)	($2,989)	($2,861)	($2,267)	($2,019)	($1,811)	($1,648)	($1,488)	($1,396)	($1,393)	($1,343)	($1,215)	($1,230)	($1,269)	($1,223)	($1,312)	($1,275)	($1,174)	($1,117)	($1,131)	($1,054)
Operating income	$1,000	$954	$879	$820	$768	$780	$726	$629	$572	$521	$454	$405	$345	$314	$282	$259	$228	$190	$195	$194	$214	$199	$171	$159	$158	$127	$112
Earnings
EBITDA	$1,089	$1,043	$967	$900	$848	$853	$791	$689	$625	$566	$492	$438	$381	$340	$306	$283	$252	$214	$223	$264	$250	$235	$211	$189	–	$160	$146
Interest income	$9	$15	$17	$12	$3	$0	$2	$4	$3	$1	$1	$0	$0	$0	$0	$0	$0	$1	$3	–	–	–	–	$0	–	–	–
Interest expense	($199)	($196)	($196)	($196)	($198)	($192)	($172)	($151)	($146)	($123)	($110)	($100)	($87)	($89)	($101)	($92)	($97)	($111)	($115)	–	–	–	–	($75)	–	–	–
Pre-tax income	$781	$770	$722	$652	$573	$626	$555	$483	$429	$400	$345	$306	$259	$225	$181	$168	$139	$136	$83	$56	$160	$173	$100	$62	$96	$60	$42
Income tax expense	($172)	($169)	($138)	($133)	($121)	($115)	($64)	($82)	($67)	($122)	($130)	($113)	($96)	($82)	($69)	($62)	($51)	($56)	($29)	($18)	($54)	($65)	($38)	($23)	($36)	($24)	($16)
Net income	$609	$602	$584	$519	$452	$510	$491	$401	$362	$278	$215	$193	$163	$143	$112	$105	$88	$80	$54	$38	$106	$108	$62	$39	$60	$37	$25
Per share
Diluted EPS (GAAP)	$18.15	$17.57	$16.69	$14.66	$12.53	$13.54	$12.39	$9.56	$8.35	$5.83	$4.30	$3.47	$2.86	$2.48	$1.91	$1.71	$1.45	$1.38	$0.93	$0.59	$1.65	$1.58	$0.81	$12.28	$0.09	$0.91	$0.27
Basic EPS (GAAP)	$18.22	$17.69	$16.83	$14.80	$12.66	$13.72	$12.61	$9.83	$8.65	$6.05	$4.41	$3.58	$2.96	$2.58	$1.99	$1.79	$1.50	$1.39	$0.93	$0.61	$1.68	$1.62	$0.85	$12.28	$0.10	$1.01	$0.30
Basic shares outstanding	33	34	35	35	36	37	39	41	42	46	49	54	55	55	56	59	58	57	58	62	63	67	73	3	605	36	36
Margins
Gross margin	40.0%	40.0%	39.3%	38.6%	36.3%	38.7%	38.7%	38.8%	37.9%	31.1%	31.0%	30.8%	29.8%	30.5%	29.9%	28.5%	27.9%	27.6%	25.5%	25.9%	26.8%	25.5%	24.5%	25.6%	–	24.9%	25.6%
Operating margin	19.7%	19.3%	18.7%	18.3%	16.9%	17.9%	17.6%	17.4%	16.7%	18.7%	18.4%	18.3%	17.3%	17.4%	16.8%	15.7%	14.5%	13.5%	13.7%	13.3%	14.9%	13.2%	11.8%	12.0%	12.4%	10.1%	9.6%
Net margin	12.0%	12.2%	12.4%	11.6%	10.0%	11.7%	11.9%	11.1%	10.5%	10.0%	8.7%	8.7%	8.2%	7.9%	6.7%	6.4%	5.6%	5.7%	3.8%	2.6%	7.4%	7.2%	4.3%	2.9%	4.7%	2.9%	2.2%

Analyst consensus

Buy53 analysts

Bearish · 1 · Hold · 25 · Bullish · 27

Earnings history

	EPS	Estimate
Q4 2024	$4.89	$4.98	Miss
Q1 2025	$4.33	$4.12	Beat
Q2 2025	$3.81	$3.93	Miss
Q3 2025	$4.08	$3.96	Beat
Q4 2025	$5.35	$5.38	Miss
Q1 2026	$4.13	$4.27	Miss
Q2 2026	$4.07	$4.17	Miss
Q3 2026	$4.60	$4.36	Beat

Peers

Company overview

IPO dateJul 13, 2004

CEOJoseph Hugh Jordan

Employees10,200

SectorConsumer Cyclical

IndustryRestaurants

CountryUS

ExchangeNASDAQ Global Select

Websitebiz.dominos.com

Domino's Pizza, Inc. operates as a leading international and domestic purveyor of pizza, managing its extensive operations through three distinct segments: U.S. Stores, International Franchise, and Supply Chain. The company is primarily recognized for its Domino's-branded pizzas, which are distributed via a vast network of both corporate-owned and independently franchised outlets. Beyond its flagship product, the menu also encompasses a variety of other offerings, including oven-baked sandwiches, pasta dishes, boneless and winged chicken, various bread and dip accompaniments, desserts, and soft drink beverages. As of January 2, 2022, the enterprise boasted approximately 18,800 locations spanning 90 global markets. Established in 1960, Domino's Pizza, Inc. is headquartered in Ann Arbor, Michigan.

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