DASHNasdaqServices-Business Services, NECFiscal year ends December 31
DoorDash, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$193.53+4.38 (+2.32%)
Close on Oct 19, 2026
- Market cap
- $85.03B
- P/E (TTM)
- 454.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
50.9%−1.7 pts over 5 years
Operating margin
5.3%+20.4 pts over 5 years
Net margin
6.8%+22.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.9% | +27.7% | +36.6% | – | |
| Gross profit | +34.7% | +32.6% | +35.7% | – | |
| Net income | +660.2% | – | – | – | |
| EPS, diluted | +634.5% | – | – | – | |
| Free cash flow | +7.2% | +124.9% | +71.6% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -25.5% | 10.5% | |
| Return on assets | – | -11.4% | 5.8% | |
| Current ratio | – | 3.94 | 1.41 | |
| Interest coverage | – | -13.6× | – | |
| Capex to revenue | – | 3.7% | 1.9% | |
| Diluted shares | – | 62M | 2.20B |
Where the cash went
Fiscal 2021 to 2025, five years combined
DoorDash generated $7.30B from operations and spent $2.16B on capital expenditure, dividends and share buybacks. 36% of that went back into the business.
Generated
$7.30B
Used
$2.16B
Capital expenditure$789.00M36%Dividends$00%Share buybacks$1.37B64%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.8%
×Asset turnover0.84×
×Equity multiplier1.82×
=Return on equity, FY202510.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.8% | 0.84× | 1.82× | 10.5% |
| FY2024 | 1.1% | 0.91× | 1.62× | 1.7% |
| FY2023 | -6.5% | 0.84× | 1.52× | -8.2% |
| FY2022 | -20.7% | 0.79× | 1.45× | -23.9% |
| FY2021 | -9.6% | 0.74× | 1.41× | -10.0% |
| FY2020 | -16.0% | 0.71× | 2.23× | -25.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$935.00M
- Cash generatingOperating cash flow above zero$2.43B
- Return on assets improvedROA up on the prior year1.1% → 7.3%
- Earnings backed by cashOperating cash flow above net income$2.43B vs $935.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.66 → 1.41
- No dilutionShare count did not rise2.15B → 2.20B
- Gross margin improvedGross margin up on the prior year48.31% → 50.88%
- More efficientAsset turnover rose0.99 → 1.07