Domino's (DPZ)
Consumer Discretionary · $10.0B market cap · SEC CIK 0001286681
fundamentals score out of 100
Next reports on Oct 13, 2026, before the open, with analysts expecting $4.43 in earnings per share.
The case for DPZ
- Earns 34% a year on everything it owns (return on assets).
- Reasonably priced at 16.7× earnings.
- Pays a modest 1.3% dividend.
The case against
- Down 31.0% over the past year.
- Owes more than it owns: shareholder equity is -$3.9B, usually the result of buybacks funded with debt. ROE and price-to-book mean little here.
- Near the bottom of its 52-week range, 33% below the high. Falling prices usually have a reason; find it first.
- Growth is weak (36/100): revenue +5.2%, EPS +2.4%, +3.7% a year over five years.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Discretionary companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 73 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 36 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 70 |
| Momentumhow the price has behaved lately | 21 |
| Stabilityhow violently it moves, what it owes and what it pays you | 38 |
- Shareholder equity is negative, so return on equity, price-to-book and debt-to-equity are left out.
- Each factor except momentum is half fixed thresholds, half rank among the 48 Consumer Discretionary companies.
Key numbers
| Price / earnings | 16.7× |
|---|---|
| Price / book | n/a |
| Price / sales | 2.0× |
| Revenue growth (YoY) | +5.2% |
| EPS growth (YoY) | +2.4% |
| Gross margin | 40% |
| Operating margin | 20% |
| Net margin | 12% |
| Return on assets | 34.2% (ROE not meaningful: negative equity) |
| Debt / equity | n/a |
| Current ratio | 1.54 |
| Dividend yield | 1.31% |
| Beta | 0.96 |
| 52-week range | $282.00 – $442.35 |
| Position in that range | 9% of the way up |
| 3-month return | -5.3% |
| 1-year return | -31.0% |
Five years of financials, as filed
Pulled from Domino's's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.7B | $4.5B | $4.5B | $4.4B |
| Gross profit | $2.0B | $1.8B | $1.7B | $1.6B | $1.7B |
| Operating income | $954M | $879M | $820M | $768M | $780M |
| Net income | $602M | $584M | $519M | $452M | $510M |
| Operating cash flow | $792M | $625M | $591M | $475M | $654M |
| Capital expenditure | $121M | $113M | $105M | $87.2M | $94.2M |
| Total assets | $1.7B | $1.7B | $1.7B | $1.6B | $1.7B |
| Total liabilities | $5.6B | $5.7B | $5.7B | $5.8B | $5.9B |
| Shareholder equity | -$3.9B | -$4.0B | -$4.1B | -$4.2B | -$4.2B |
| Cash | $126M | $186M | $114M | $60.4M | $148M |
| Long-term debt | $14.6M | $14.7M | — | — | — |
| Free cash flow | $672M | $512M | $485M | $388M | $560M |
| Gross margin | 40.0% | 39.3% | 38.6% | 36.3% | 38.7% |
| Operating margin | 19.3% | 18.7% | 18.3% | 16.9% | 17.9% |
| Net margin | 12.2% | 12.4% | 11.6% | 10.0% | 11.7% |
| Diluted shares | 34.2M | 35.0M | 35.4M | 36.1M | 37.7M |
Share count is down 9.2% over 4 years. Buybacks have been shrinking the pie.
What Domino's says it does
Overview Domino’s is the largest pizza company in the world with more than 22,100 locations in over 90 markets around the world as of December 28, 2025, and operates two distinct service models within its stores, with a significant business in both delivery and carryout. We are a highly recognized global brand, and we focus on value while serving neighborhoods locally through our large worldwide network of franchise owners and U.S. Company-owned stores through both the delivery and carryout service models. We have been selling quality, affordable food to our customers since 1960. We became "Domino’s Pizza" in 1965 and opened our first franchised store in 1967. Over the past 65 years, we have built Domino’s into one of the most widely-recognized consumer brands in the world. We believe our commitment to value, convenience, quality and new products continues to keep consumers engaged with the brand. We are primarily a franchisor, with…
Risk factors DPZ lists in its 10-K
- Capital Expenditures and Other Material Cash Requirements
- ntitative and Qualitative Disclosures About Market Risk
- Foreign currency exchange rate risk
- Report of Independent Registered Public Accounting Firm
- Opinions on the Financial Statements and Internal Control over Financial Reporting
- Internal Control - Integrated Framework (2013)
- Definition and Limitations of Internal Control over Financial Reporting
- Valuation of Casualty Insurance Reserves
- Domino’s Pizza, Inc. and Subsidiaries
- (In thousands, except share and per share amounts)
- Liabilities and stockholders’ deficit
- (In thousands, except per share amounts)
- Description of Business and Summary of Significant Accounting Policies
- Restricted Cash and Cash Equivalents