Domino's Pizza, Inc. (DPZ) 10-Year Financial Performance & Capital Metrics

DPZ • • Industrial / General

Consumer CyclicalRestaurantsPizza ChainsNational Pizza Delivery

AboutDomino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores. It also provides oven-baked sandwiches, pasta, boneless chicken and chicken wings, bread and dips side items, desserts, and soft drink products. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.Show more

Revenue $4.71B +5.1%
EBITDA $967M +7.4%
Net Income $584M +12.5%
EPS (Diluted) 16.76 +14.3%
Gross Margin 39.28% +1.8%
EBITDA Margin 20.54% +2.2%
Operating Margin 18.68% +2.1%
Net Margin 12.41% +7.1%
ROE -
ROIC 63.58% +4.9%
Debt/Equity -
Interest Coverage 4.49 +7.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓11 consecutive years of dividend growth
✓Healthy 5Y average net margin of 11.5%
✓Efficient asset utilization: 2.7x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.97%

5Y5.4%

3Y2.6%

TTM3.65%

Profit (Net Income) CAGR

10Y13.64%

5Y7.83%

3Y4.6%

TTM4.25%

EPS CAGR

10Y19.34%

5Y11.88%

3Y7.37%

TTM5.84%

ROCE

10Y Avg100.13%

5Y Avg86.01%

3Y Avg95.56%

Latest140.4%

Peer Comparison

National Pizza Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DPZDomino's Pizza, Inc.	13.82B	409.09	24.41	5.07%	12.49%		3.7%
PZZAPapa John's International, Inc.	1.24B	37.91	14.93	-3.57%	1.83%		2.75%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.22B	2.47B	2.79B	3.43B	3.62B	4.12B	4.36B	4.54B	4.48B	4.71B
Revenue Growth %	0.11%	0.12%	0.13%	0.23%	0.05%	0.14%	0.06%	0.04%	-0.01%	0.05%
Cost of Goods Sold+	1.53B	1.7B	1.92B	2.13B	2.22B	2.52B	2.67B	2.89B	2.75B	2.86B
COGS % of Revenue	0.69%	0.69%	0.69%	0.62%	0.61%	0.61%	0.61%	0.64%	0.61%	0.61%
Gross Profit+	683.13M	767.69M	865.99M	1.3B	1.4B	1.59B	1.69B	1.65B	1.73B	1.85B
Gross Margin %	0.31%	0.31%	0.31%	0.38%	0.39%	0.39%	0.39%	0.36%	0.39%	0.39%
Gross Profit Growth %	0.15%	0.12%	0.13%	0.5%	0.08%	0.14%	0.06%	-0.02%	0.05%	0.07%
Operating Expenses+	277.69M	313.65M	344.76M	730.99M	773.09M	868.85M	907.83M	880.68M	906.45M	969.5M
OpEx % of Revenue	0.13%	0.13%	0.12%	0.21%	0.21%	0.21%	0.21%	0.19%	0.2%	0.21%
Selling, General & Admin	277.69M	313.65M	344.76M	730.99M	773.09M	868.85M	907.83M	901.85M	907.75M	969.35M
SG&A % of Revenue	0.13%	0.13%	0.12%	0.21%	0.21%	0.21%	0.21%	0.2%	0.2%	0.21%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	-21.17M	-1.3M	158K
Operating Income+	405.44M	454.04M	521.23M	571.69M	629.41M	725.64M	780.41M	767.92M	819.52M	879M
Operating Margin %	0.18%	0.18%	0.19%	0.17%	0.17%	0.18%	0.18%	0.17%	0.18%	0.19%
Operating Income Growth %	0.17%	0.12%	0.15%	0.1%	0.1%	0.15%	0.08%	-0.02%	0.07%	0.07%
EBITDA+	437.87M	492.18M	565.6M	625.35M	689.34M	790.68M	853.33M	848.18M	900.16M	966.73M
EBITDA Margin %	0.2%	0.2%	0.2%	0.18%	0.19%	0.19%	0.2%	0.19%	0.2%	0.21%
EBITDA Growth %	0.15%	0.12%	0.15%	0.11%	0.1%	0.15%	0.08%	-0.01%	0.06%	0.07%
D&A (Non-Cash Add-back)	32.43M	38.14M	44.37M	53.66M	59.93M	65.04M	72.92M	80.25M	80.64M	87.73M
EBIT	405.75M	454.04M	522.69M	575.02M	633.46M	725.64M	817.51M	771.09M	848.91M	918.09M
Net Interest Income+	-99.22M	-109.38M	-121.08M	-143.01M	-146.77M	-170.51M	-191.46M	-195.09M	-184.79M	-178.85M
Interest Income	313K	685K	1.46M	3.33M	4.05M	1.65M	0	3.16M	11.68M	17.02M
Interest Expense	99.54M	110.07M	122.54M	146.34M	150.82M	172.17M	191.46M	198.25M	196.47M	195.87M
Other Income/Expense	-99.22M	-109.38M	-121.08M	-143.01M	-146.77M	-170.51M	-154.7M	-195.09M	-167.08M	-156.78M
Pretax Income+	306.21M	344.66M	400.15M	428.68M	482.64M	555.13M	625.71M	572.83M	652.44M	722.22M
Pretax Margin %	0.14%	0.14%	0.14%	0.12%	0.13%	0.13%	0.14%	0.13%	0.15%	0.15%
Income Tax+	113.43M	129.98M	122.25M	66.71M	81.93M	63.83M	115.24M	120.57M	133.32M	138.04M
Effective Tax Rate %	0.63%	0.62%	0.69%	0.84%	0.83%	0.89%	0.82%	0.79%	0.8%	0.81%
Net Income+	192.79M	214.68M	277.9M	361.97M	400.71M	491.3M	510.47M	452.26M	519.12M	584.17M
Net Margin %	0.09%	0.09%	0.1%	0.11%	0.11%	0.12%	0.12%	0.1%	0.12%	0.12%
Net Income Growth %	0.19%	0.11%	0.29%	0.3%	0.11%	0.23%	0.04%	-0.11%	0.15%	0.13%
Net Income (Continuing)	192.79M	214.68M	277.9M	361.97M	400.71M	491.3M	510.47M	452.26M	519.12M	584.17M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.47	4.30	5.83	8.35	9.56	12.39	13.54	12.53	14.66	16.76
EPS Growth %	0.21%	0.24%	0.36%	0.43%	0.14%	0.3%	0.09%	-0.07%	0.17%	0.14%
EPS (Basic)	3.53	4.45	6.48	8.65	9.83	12.61	13.72	12.66	14.80	16.82
Diluted Shares Outstanding	55.53M	49.92M	47.68M	43.35M	41.92M	39.64M	37.69M	36.09M	35.4M	34.85M
Basic Shares Outstanding	49.84M	48.1M	42.9M	41.86M	40.77M	38.97M	37.2M	35.72M	35.08M	34.73M
Dividend Payout Ratio	0.42%	0.34%	0.3%	0.25%	0.26%	0.25%	0.27%	0.35%	0.33%	0.36%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	602.64M	495.87M	579.78M	566.95M	787.62M	869.38M	860.54M	790.65M	817.29M	905.28M
Cash & Short-Term Investments	133.45M	42.81M	35.77M	25.44M	190.62M	168.82M	148.16M	60.36M	114.1M	186.13M
Cash Only	133.45M	42.81M	35.77M	25.44M	190.62M	168.82M	148.16M	60.36M	114.1M	186.13M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	131.58M	150.37M	173.68M	190.09M	210.26M	244.56M	255.33M	257.49M	282.81M	309.1M
Days Sales Outstanding	21.67	22.2	22.74	20.21	21.21	21.68	21.39	20.71	23.04	23.97
Inventory	36.86M	40.18M	39.96M	45.98M	52.95M	66.68M	68.33M	81.57M	82.96M	70.92M
Days Inventory Outstanding	8.77	8.6	7.59	7.88	8.72	9.65	9.34	10.31	11	9.06
Other Current Assets	280.1M	244.87M	311.99M	279.74M	314.66M	365.15M	361.48M	353.95M	307.2M	339.13M
Total Non-Current Assets+	197.21M	220.42M	256.97M	340.43M	594.48M	697.78M	811.28M	811.57M	857.61M	831.74M
Property, Plant & Equipment	131.89M	138.53M	169.59M	234.94M	471.67M	525.63M	534.77M	521.44M	511.69M	511.48M
Fixed Asset Turnover	16.81x	17.85x	16.44x	14.61x	7.67x	7.83x	8.15x	8.70x	8.75x	9.20x
Goodwill	16.1M	16.06M	15.42M	14.92M	15.09M	15.06M	15.03M	11.76M	11.69M	11.58M
Intangible Assets	28.5M	40.26M	52.82M	63.81M	73.14M	81.31M	95.56M	108.35M	134.1M	155.03M
Long-Term Investments	6.05M	7.26M	8.12M	8.72M	11.98M	13.25M	125.84M	125.84M	143.55M	82.7M
Other Non-Current Assets	8.8M	9.38M	8.27M	12.52M	12.52M	60.63M	37.97M	42.25M	42.89M	47.52M
Total Assets+	799.85M	716.29M	836.75M	907.38M	1.38B	1.57B	1.67B	1.6B	1.67B	1.74B
Asset Turnover	2.77x	3.45x	3.33x	3.78x	2.62x	2.63x	2.61x	2.83x	2.67x	2.71x
Asset Growth %	0.29%	-0.1%	0.17%	0.08%	0.52%	0.13%	0.07%	-0.04%	0.05%	0.04%
Total Current Liabilities+	375.98M	403.7M	398.29M	379.74M	453.83M	470.82M	590.74M	536.62M	547.35M	1.61B
Accounts Payable	106.93M	111.51M	106.89M	92.55M	111.1M	94.5M	91.55M	89.72M	106.27M	85.9M
Days Payables Outstanding	25.45	23.87	20.3	15.86	18.3	13.67	12.52	11.34	14.09	10.97
Short-Term Debt	59.33M	38.89M	32.32M	35.25M	43.39M	2.85M	55.59M	54.81M	56.37M	1.15B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	-11.4M	-16.55M	-18.62M	26.17M	7.77M	29.64M	29.09M	157.91M	187.07M	185.43M
Current Ratio	1.60x	1.23x	1.46x	1.49x	1.74x	1.85x	1.46x	1.47x	1.49x	0.56x
Quick Ratio	1.50x	1.13x	1.36x	1.37x	1.62x	1.70x	1.34x	1.32x	1.34x	0.52x
Cash Conversion Cycle	4.99	6.93	10.03	12.23	11.63	17.66	18.21	19.69	19.95	22.06
Total Non-Current Liabilities+	2.22B	2.2B	3.17B	3.57B	4.34B	4.4B	5.29B	5.25B	5.2B	4.09B
Long-Term Debt	2.18B	2.15B	3.12B	3.48B	4.05B	4.06B	4.94B	4.9B	4.87B	3.83B
Capital Lease Obligations	0	0	0	16.36M	220.99M	259.97M	256.72M	266.13M	248.25M	181.98M
Deferred Tax Liabilities	0	0	0	35.7M	0	6.1M	3.92M	7.76M	0	0
Other Non-Current Liabilities	42.65M	46.75M	52.36M	71.87M	70.23M	57.37M	63.28M	61.54M	84.31M	79.2M
Total Liabilities	2.6B	2.6B	3.57B	3.95B	4.8B	4.87B	5.88B	5.79B	5.75B	5.7B
Total Debt+	2.24B	2.19B	3.15B	3.53B	4.35B	4.36B	5.29B	5.25B	5.21B	5.2B
Net Debt	2.11B	2.15B	3.12B	3.51B	4.16B	4.19B	5.14B	5.19B	5.1B	5.01B
Debt / Equity	-	-	-	-	-	-	-	-	-	-
Debt / EBITDA	5.12x	4.45x	5.58x	5.65x	6.31x	5.51x	6.20x	6.19x	5.79x	5.38x
Net Debt / EBITDA	4.81x	4.36x	5.51x	5.61x	6.03x	5.30x	6.03x	6.12x	5.66x	5.18x
Interest Coverage	4.07x	4.13x	4.25x	3.91x	4.17x	4.21x	4.08x	3.87x	4.17x	4.49x
Total Equity+	-1.8B	-1.88B	-2.74B	-3.04B	-3.42B	-3.3B	-4.21B	-4.19B	-4.07B	-3.96B
Equity Growth %	-0.48%	-0.05%	-0.45%	-0.11%	-0.12%	0.03%	-0.28%	0%	0.03%	0.03%
Book Value per Share	-32.42	-37.72	-57.37	-70.13	-81.48	-83.26	-111.68	-116.06	-114.98	-113.70
Total Shareholders' Equity	-1.8B	-1.88B	-2.74B	-3.04B	-3.42B	-3.3B	-4.21B	-4.19B	-4.07B	-3.96B
Common Stock	498K	481K	429K	410K	389K	389K	361K	354K	347K	343K
Retained Earnings	-1.8B	-1.88B	-2.74B	-3.04B	-3.41B	-3.3B	-4.21B	-4.19B	-4.07B	-3.96B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.55M	-3.11M	-2.03M	-4.43M	-3.74M	-2.42M	-2.82M	-4.69M	-3.87M	-7.43M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	291.79M	287.27M	339.04M	394.17M	496.95M	592.79M	654.21M	475.32M	590.86M	624.9M
Operating CF Margin %	0.13%	0.12%	0.12%	0.11%	0.14%	0.14%	0.15%	0.1%	0.13%	0.13%
Operating CF Growth %	0.52%	-0.02%	0.18%	0.16%	0.26%	0.19%	0.1%	-0.27%	0.24%	0.06%
Net Income	192.79M	214.68M	277.9M	361.97M	400.71M	491.3M	510.47M	452.26M	519.12M	584.17M
Depreciation & Amortization	32.43M	38.14M	44.37M	53.66M	59.93M	65.04M	72.92M	80.25M	80.64M	87.73M
Stock-Based Compensation	17.62M	18.56M	20.71M	22.79M	20.27M	24.24M	28.67M	28.71M	37.51M	43.26M
Deferred Taxes	1.71M	-3.06M	6.16M	-872K	-3.3M	14.42M	1.99M	253K	-19.51M	-9.12M
Other Non-Cash Items	-6.15M	-41.07M	-19.68M	-19.59M	-17.77M	-49.78M	-46.31M	-12.35M	-12.65M	-37.13M
Working Capital Changes	53.38M	60.02M	9.56M	-23.8M	37.11M	47.57M	86.47M	-73.81M	-14.24M	-44.01M
Change in Receivables	-13.68M	-18.72M	-22.65M	-18.17M	-20.9M	-33.33M	-8.11M	-6.33M	-26.52M	-27.35M
Change in Inventory	-2.26M	-2.95M	1.53M	-12.46M	-6.74M	-24.96M	-9.42M	-17.06M	160K	6.65M
Change in Payables	69.03M	78.93M	22.27M	10.01M	27.64M	58.29M	17.53M	-36.6M	69.37M	-10.22M
Cash from Investing+	-109.29M	-836K	-149M	-88.26M	-27.85M	-128.93M	-142.72M	-53.68M	-106.92M	-31.23M
Capital Expenditures	-63.28M	-58.55M	-90.01M	-119.89M	-85.56M	-88.77M	-94.17M	-87.23M	-105.4M	-112.89M
CapEx % of Revenue	0.03%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-58.73M	-1.66M	-562K	-112.11M	-74.58M	-159K	531K	40.37M	-1.52M	-1.26M
Cash from Financing+	-80.94M	-375.79M	-197.15M	-322.8M	-222.79M	-446.41M	-522.83M	-515.95M	-476.36M	-532.22M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-80.33M	-73.92M	-84.3M	-92.17M	-105.72M	-121.92M	-139.4M	-157.53M	-169.77M	-209.94M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7.46M	42.48M	-26.5M	-5.34M	-14.05M	30.97M	-22M	-7.41M	3.25M	24.93M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	228.5M	228.72M	249.03M	274.28M	411.38M	504.03M	560.03M	388.08M	485.47M	512.01M
FCF Margin %	0.1%	0.09%	0.09%	0.08%	0.11%	0.12%	0.13%	0.09%	0.11%	0.11%
FCF Growth %	0.87%	0%	0.09%	0.1%	0.5%	0.23%	0.11%	-0.31%	0.25%	0.05%
FCF per Share	4.11	4.58	5.22	6.33	9.81	12.71	14.86	10.75	13.71	14.69
FCF Conversion (FCF/Net Income)	1.51x	1.34x	1.22x	1.09x	1.24x	1.21x	1.28x	1.05x	1.14x	1.07x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Invested Capital (ROIC)	104.7%	119.69%	121.3%	101.02%	78%	66.7%	64.25%	59.46%	60.62%	63.58%
Gross Margin	30.82%	31.05%	31.06%	37.95%	38.76%	38.73%	38.74%	36.34%	38.56%	39.28%
Net Margin	8.7%	8.68%	9.97%	10.54%	11.07%	11.93%	11.71%	9.97%	11.59%	12.41%
Interest Coverage	4.07x	4.13x	4.25x	3.91x	4.17x	4.21x	4.08x	3.87x	4.17x	4.49x
FCF Conversion	1.51x	1.34x	1.22x	1.09x	1.24x	1.21x	1.28x	1.05x	1.14x	1.07x
Revenue Growth	11.17%	11.55%	12.75%	23.13%	5.42%	13.78%	5.83%	4.13%	-1.27%	5.07%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Supply Chain	-	-	-	2.09B	-	-	2.7B	2.9B	2.83B	2.85B
Supply Chain Growth	-	-	-	-	-	-	-	7.34%	-2.38%	0.59%
Domestic Stores	669.72M	751.28M	842.23M	1.26B	-	-	-	-	-	1.54B
Domestic Stores Growth	-	12.18%	12.11%	50.17%	-	-	-	-	-	-
International Franchise	163.64M	177M	206.71M	224.75M	240.97M	249.76M	298.04M	295.01M	310.08M	318.69M
International Franchise Growth	-	8.16%	16.78%	8.73%	7.22%	3.64%	19.33%	-1.02%	5.11%	2.78%
U S Stores	-	-	-	-	1.27B	1.45B	1.5B	1.49B	1.45B	-
U S Stores Growth	-	-	-	-	-	14.00%	3.26%	-0.73%	-2.23%	-

Frequently Asked Questions

Valuation & Price

Domino's Pizza, Inc. (DPZ) has a price-to-earnings (P/E) ratio of 24.4x. This is roughly in line with market averages.

Growth & Financials

Domino's Pizza, Inc. (DPZ) reported $4.78B in revenue for fiscal year 2024. This represents a 189% increase from $1.65B in 2011.

Domino's Pizza, Inc. (DPZ) grew revenue by 5.1% over the past year. This is steady growth.

Yes, Domino's Pizza, Inc. (DPZ) is profitable, generating $597.1M in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, Domino's Pizza, Inc. (DPZ) pays a dividend with a yield of 1.47%. This makes it attractive for income-focused investors.

Domino's Pizza, Inc. (DPZ) generated $613.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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