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Domino's Pizza Inc

DPZ Consumer Cyclical Restaurants

Domino's Pizza Inc’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, up 4.96% from fiscal 2024.

Revenue
+3.36%
EPS
+12.9%
Free cash flow
−3.26%
Total debt
+1.46%

Quarter to September 2026, against a year earlier

313.71 1.71 +0.55%
Market cap
$10.3B
P/E
17.3×
Fwd P/E
16.4×
Dividend yield
2.46%
F-score
8/9
Altman Z
3.29
Beneish M
−3.00
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Supply Chain
  • U S Stores
  • International Franchise

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 14.67
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 6 1 1 1 4 — — — —
Insider Ownership 1.05%

Capital & Financial Ratios $m

Size
Market Cap 10,260.00
Revenue ttm 5,066.36
Net income ttm 609.38
Free cash flow ttm 663.41
Net debt Q 4,488.91
Valuation
P/E 17.29
Forward P/E 16.40
Price / sales 2.05
Forward P/S Powerpack
Price / FCF 15.63
Price / book 0.00
Financial health
Current ratio Q 0.49 (below 1: weak)
Debt / equity Q (1.24) (negative: negative equity)
Interest coverage Q 5.23
Growth
Revenue growth Q +3.36% (above 0%: growing)
Operating income growth Q +8.34% (above 0%: growing)
EPS, this year +8.79%
EPS, next year A +7.97%
Revenue, next year A +5.00%
EPS, past 5 yrs +7.24%
EPS, next 5 yrs A +8.12%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.9×, against a ten-year median of 4.2×; over the ten years it ranged from 2.8× in 2026 to 5.9× in 2021.
P/E against its own 10 years 1.54%
10-year low 10-year high
P/S against its own 10 years 1.62%
10-year low 10-year high
EV/Sales against its own 10 years 1.58%
10-year low 10-year high
EV/FCF against its own 10 years 2.50%
10-year low 10-year high

Dividends raised every year since 2016

Yield
2.46%
Annual rate
7.71
Payout ratio
42.5%
Growth, 2016–25
+18.4%/yr
  1. 1.52 ’16
  2. 1.84 ’17 +21%
  3. 2.20 ’18 +20%
  4. 2.60 ’19 +18%
  5. 3.12 ’20 +20%
  6. 3.76 ’21 +21%
  7. 4.40 ’22 +17%
  8. 4.84 ’23 +10%
  9. 6.04 ’24 +25%
  10. 6.96 ’25 +15%
  11. 7.97 ’26e +15%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 315 381 342 397
Receivables 283 309 316 286
Inventory 83 71 79 90
Other 106 103 118 98
817 905 894 917
2023 2024 2025 Q'26
Payables 106 86 135 132
ST’ Debt 56 1,150 6 1,327
Other 132 127 142 122
547 1,612 542 1,879

Compound Annual Growth %

10y 5y 3y
Sales 8.34% 3.71% 2.88%
Cash Flow 10.50% 5.97% 18.56%
Earnings 12.05% 4.14% 9.98%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 4.33 Actual 4.60

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 5.38 5.35 Miss by 0.03
Q1 FY26 4.29 4.13 Miss by 0.16
Q2 FY26 4.11 4.07 Miss by 0.04
Q3 FY26 4.33 4.60 Beat by 0.27
Q4 FY26 6.31 — Reports 22 February 2027

EPS $

Mar Jun Sep Dec Year
’26 4.13 4.07 4.60 — —
’25 4.33 3.81 4.08 5.35 17.57
’24 3.58 4.03 4.19 4.89 16.69
’23 2.93 3.08 4.18 4.48 14.66
’22 2.50 2.82 2.79 4.43 12.53
’21 3.00 3.06 3.24 4.25 13.54
’20 3.07 2.99 2.49 3.85 12.39
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,151 1,194 1,186 — —
’25 1,112 1,145 1,147 1,536 4,940
’24 1,085 1,098 1,080 1,444 4,706
’23 1,024 1,025 1,027 1,403 4,479
’22 1,011 1,065 1,069 1,392 4,537
’21 984 1,032 998 1,343 4,357
’20 873 920 968 1,357 4,117
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 162 191 168 — —
’25 179 188 185 240 792
’24 123 151 173 178 625
’23 115 128 180 169 591
’22 79 75 177 145 475
’21 153 143 189 170 654
’20 95 116 159 222 593
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 155 174 159 — —
’25 164 176 164 176 680
’24 103 127 146 136 512
’23 96 109 159 123 486
’22 66 54 159 150 429
’21 136 126 172 126 560
’20 78 100 141 185 504
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,473 2,788 3,433 3,619 4,117 4,357 4,537 4,479 4,706 4,940 5,066 +8.0% 5,187 5,272 5,425 +3.2%
Gross margin, % 31.05 31.06 37.95 38.76 38.73 38.74 36.34 38.56 39.28 39.95 40.04 +8.9 pt
EBT 345 400 429 483 555 626 573 652 722 770 781 +9.3%
EBT margin, % 13.94 14.35 12.49 13.34 13.48 14.36 12.63 14.57 15.35 15.59 15.42 +1.7 pt
Net income 215 278 362 401 491 510 452 519 584 602 609 +12.1%
Per share, $
Per share, $ Revenue 50.83 60.67 82.02 88.77 105.65 117.14 127.00 127.68 135.60 145.26 153.36 +12.4%
Earnings 4.30 5.83 8.35 9.56 12.39 13.54 12.53 14.66 16.69 17.57 18.16 +16.9%
Cash flow 6.01 7.43 9.42 12.19 15.21 17.59 13.31 16.84 18.00 23.29 23.02 +16.2%
Capex (1.10) (1.81) (2.66) (1.80) (2.27) (2.53) (1.29) (3.00) (3.25) (3.29) (2.94) +12.9%
Free cash flow 4.91 5.62 6.75 10.39 12.94 15.06 12.01 13.84 14.75 20.00 20.08 +16.9%
Book value (38.71) (59.52) (72.63) (83.79) (84.68) (113.16) (117.26) (116.02) (114.16) (114.72) (119.72) +12.8%
Shares, m 49 46 42 41 39 37 36 35 35 34 33 (3.9%)
Valuation, ×
Valuation, × P/E 36.74 31.96 29.70 30.73 32.44 41.65 27.06 28.16 25.15 23.72 17.29 30.7
P/S 3.12 3.08 3.02 3.31 3.55 4.82 2.67 3.24 3.10 2.87 2.05 3.3
P/B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
EV/Sales 3.93 4.13 4.00 4.34 4.43 5.91 3.72 4.28 4.07 3.78 2.93 4.3
EV/FCF 40.71 44.63 48.54 37.04 32.92 45.95 39.36 39.47 37.42 27.42 22.40 39.3
Cash, $m
Cash, $m Operating cash flow 292 341 394 497 593 654 475 591 625 792 760 +11.7%
Capex (54) (83) (112) (73) (89) (94) (46) (105) (113) (112) (97) +8.5%
Free cash flow 239 258 283 424 504 560 429 486 512 680 663 +12.3%
Balance, $m
Balance, $m Working capital 92 181 187 334 399 270 254 270 (707) 353 (963) +16.1%
Net debt 2,019 2,926 3,339 3,715 3,733 4,741 4,771 4,675 4,594 4,475 4,489 +9.2%
Shareholders’ equity (1,883) (2,735) (3,040) (3,416) (3,300) (4,210) (4,189) (4,070) (3,962) (3,901) (3,955) +8.4%
Returns, %
Returns, % ROA 28.32 35.79 41.51 35.00 33.32 31.52 27.63 31.68 34.24 34.85 35.57 +6.5 pt
ROIC 209.55 170.65 119.41 131.65 104.94 91.69 82.53 84.65 86.99 103.89 117.06 (105.7) pt
ROE (11.66) (12.03) (12.54) (12.41) (14.63) (13.59) (10.77) (12.57) (14.54) (15.30) (15.39) (3.6) pt
People
People Employees 14,100 14,100 14,500 13,100 14,400 13,500 11,000 11,200 10,700 10,200 — (3.5%)
Revenue/emp, $m 0.18 0.20 0.24 0.28 0.29 0.32 0.41 0.40 0.44 0.48 — +11.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 15 Oct 2026

Business profile

Updated

Domino’s Pizza is a global quick-service restaurant company focused on pizza delivery and carryout. Stores make pizzas and complementary food items, including bread products, wings, chicken, pastas, oven-baked sandwiches, soft drinks and desserts. Its stores use delivery and carryout service models rather than a full-service dine-in format.

The company is primarily a franchisor. Independent franchisees own and operate most stores, set employment practices and make local pricing decisions while using Domino’s brand, operating system, menu and technology. Domino’s also operates a network of company-owned U.S. stores, which it uses for operations, training, promotions and technology testing.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Supply Chain 2,990 60.52%
U S Stores 1,612 32.63%
International Franchise 339 6.86%
Gross margin 39.95%
Operating margin 19.31%
Pre-tax margin 15.59%

Revenue by segment since 2009

Domino's Pizza Inc vs peers in Restaurants (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DRI Darden Restaurants, Inc. $25.0B 21.3× 19.6× +5.11% (above 0%: growing) −7.24% (below 0%: shrinking) −41.21% (below 0%: shrinking) 20.50% 9.98% Compare
YUMC Yum China $15.5B 16.7× 15.5× +12.59% (above 0%: growing) +20.69% (above 0%: growing) +3.10% (above 0%: growing) 22.21% 11.09% Compare
TXRH Texas Roadhouse, Inc. $12.0B 29.1× 28.0× +11.11% (above 0%: growing) −0.53% (below 0%: shrinking) +120.59% (above 0%: growing) 16.80% 8.50% Compare
DPZ Domino's Pizza Inc $10.3B 17.3× 16.4× +3.36% (above 0%: growing) +12.90% (above 0%: growing) −3.26% (below 0%: shrinking) 40.18% 20.39%
EAT Brinker International, Inc. $9.1B 18.9× 15.7× +5.06% (above 0%: growing) +27.80% (above 0%: growing) +48.74% (above 0%: growing) 18.75% 10.87% Compare
BROS Dutch Bros Inc. $7.7B 59.6× 51.6× +32.48% (above 0%: growing) +40.00% (above 0%: growing) +11.97% (above 0%: growing) 27.42% 12.78% Compare
CAVA CAVA Group, Inc. $6.9B 103× 108× +31.30% (above 0%: growing) +25.00% (above 0%: growing) +52.60% (above 0%: growing) 44.93% 7.29% Compare
JMKE Jersey Mike�s Subs Inc. $6.0B — — — — — 100.00% 42.31% Compare
CAKE The Cheesecake Factory Incorporated $5.6B 29.3× 24.0× +7.72% (above 0%: growing) +24.58% (above 0%: growing) +220.39% (above 0%: growing) 17.64% 7.63% Compare
Median of peers $8.4B 29.1× 24.0× +11.11% +24.58% +48.74% 21.36% 10.43%

All 55 Restaurants stocks →

From the latest earnings call

Updated

  • Joe Jordan said Domino’s is focused on sustaining order-count growth while improving ticket growth through targeted offers and product trial.
  • Sandeep Reddy said franchisee-profit pressure has constrained the U.S. development pipeline, prompting a FY2026 outlook of 125 to 150 net new U.S. stores.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Citi Oct 29, 2026 Target cut — —
Wells Fargo Oct 29, 2026 Target cut — —
Mizuho Oct 29, 2026 Target cut — —
TD Cowen Oct 14, 2026 Reiterated Hold 320.00
Bernstein Oct 14, 2026 Target cut Hold 390.00 → 340.00
Bank of America Oct 14, 2026 Target cut Buy 455.00 → 410.00
Morgan Stanley Oct 14, 2026 Target cut Hold 357.00 → 345.00
Yahoo! Finance Oct 11, 2026 Target cut — 381.11 → 373.44

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 109.94%
Held by the ten largest 64.14%
Holder Shares Stake Change
Vanguard 4.43m 13.38% +304.14k
Fidelity (FMR) 4.14m 12.50% +1.57m
Soroban Capital Partners LP 2.66m 8.04% +163.01k
BlackRock 2.42m 7.31% +49.78k
Invesco 1.53m 4.61% +275.74k
T. Rowe Price 1.40m 4.22% −748.68k
State Street 1.31m 3.95% −61.02k
Geode Capital Management 1.24m 3.75% +195.78k
AQR Capital Management 1.15m 3.48% +313.28k
Morgan Stanley 960.30k 2.90% +188.83k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 10 March 2026

Ownership

Directors and executive officers, together 0.89%
The Vanguard Group 11.53%
Warren E. Buffett/Berkshire Hathaway Inc. 9.96%
BlackRock, Inc. 6.74%
T. Rowe Price Investment Management, Inc. 6.24%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Domino's Pizza Inc (DPZ) Latest News

29 Oct

Impact 3 · · Barchart

24 Oct

Impact 4 · · Simply Wall St.

21 Oct

Impact 4 · · PR Newswire
Impact 3 · · Proactive Investors

19 Oct

Impact 3 · · PR Newswire

16 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Trefis
Impact 3 · · Barchart

15 Oct

Impact 4 · · TheStreet
Impact 3 · · MarketBeat

14 Oct

Impact 4 · · StockStory
Impact 3 · · Simply Wall St.
Impact 3 · · MT Newswires
Impact 3 · · TIKR
Impact 3 · · Stocktwits
Impact 3 · · Stocktwits
Impact 3 · · Simply Wall St.

13 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · qsrmagazine.com
Impact 4 · · Moby
Impact 4 · · MarketBeat transcript
Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · Proactive Investors
Impact 3 · · nrn.com
Impact 3 ·
Impact 3 · · InvestorsHub
Impact 3 · · Zacks

DPZ metrics, ten years each

stockrow.com/DPZ · Data as of Oct 15, 2026 · For information only; not investment advice. · © 2026 stockrow.com