DoorDash, Inc. (DASH) vs Wayfair Inc. (W)

DoorDash, Inc. and Wayfair Inc. are both Internet Retail companies. DoorDash, Inc. is the larger, with a market value of $81.5B against $13.4B — 6.1× the size. Wayfair Inc. has negative trailing earnings, so its P/E is not meaningful; DoorDash, Inc. trades at 99.7×. DoorDash, Inc. grew revenue faster over the last twelve months: 33.6% against 7.46%. DoorDash, Inc. has the higher net margin (5.29% vs −2.49%) and the higher return on invested capital (6.36% vs 0.00%). Across the 19 metrics below, DoorDash, Inc. leads on 12 and Wayfair Inc. on 7.

Valuation

Metric DASH W Internet Retail median
P/E 99.67 n/m 22.73
P/S 5.29 1.01 0.64
P/B 8.47 n/m 1.65
Price to free cash flow 39.27 23.08 14.11
EV/EBITDA 45.15 29.25 15.68
EV/Sales 5.11 1.13 0.76
Earnings yield 1.00% (2.50%) (0.11%)
Free cash flow yield 2.55% 4.33% 0.00%

Profitability

Metric DASH W Internet Retail median
Gross margin 51.41% 30.05% 43.51%
Operating margin 4.48% 1.67% 0.08%
Net margin 5.29% (2.49%) 0.56%
Free cash flow margin 13.46% 4.36% 0.00%
Return on equity 8.93% 11.66% 0.00%
Return on assets 4.61% (10.26%) 0.00%
Return on invested capital 6.36% 0.00% 0.00%

Growth

Metric DASH W Internet Retail median
Revenue growth (TTM) 33.59% 7.46% 10.60%
EPS growth (last fiscal year) 634.48% 39.15% —
Revenue growth, 5-year CAGR 36.58% (2.51%) 10.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DASH W Internet Retail median
Debt to equity 0.27 (1.00) 0.13
Current ratio 1.37 0.74 1.49
Net debt to EBITDA (1.97) 5.11 (0.25)

Dividend

Metric DASH W Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric DASH W Internet Retail median
Market cap 81.46b 13.38b 443.85m

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