DoorDash, Inc. (DASH) Financial Ratios
8 years of historical data (2018–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↓
50.99
↓-49% vs avg
5yr avg: 99.33
30Y Low67.3·High67.3
P/FCF
↓
34.77
↓-84% vs avg
5yr avg: 217.67
30Y Low28.8·High110.2
P/B Ratio
↓
7.59
-1% vs avg
5yr avg: 7.66
30Y Low1.9·High10.7
ROE
↑
10.5%
↓+275% vs avg
5yr avg: -6.0%
30Y Low-77%·High10%
Debt/EBITDA
↑
2.55
↑+43% vs avg
5yr avg: 1.79
30Y Low1.0·High2.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DASH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DoorDash, Inc. trades at 81.4x earnings, 76% below its 5-year average of 342.4x, sitting at the 0th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.3x, the stock trades at a premium of 432%. On a free-cash-flow basis, the stock trades at 34.8x P/FCF, 84% below the 5-year average of 217.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $75.6B | $99.6B | $72.2B | $38.9B | $18.1B | $50.2B | $8.9B | — | — |
| Enterprise Value | $75.0B | $99.0B | $68.7B | $36.7B | $16.7B | $48.1B | $5.2B | — | — |
| P/E Ratio → | 81.44 | 106.33 | 578.45 | — | — | — | — | — | — |
| P/S Ratio | 5.51 | 7.26 | 6.73 | 4.50 | 2.75 | 10.26 | 3.09 | — | — |
| P/B Ratio | 7.59 | 9.91 | 9.24 | 5.70 | 2.68 | 10.75 | 1.89 | — | — |
| P/FCF | 34.77 | 45.81 | 40.05 | 28.81 | 863.45 | 110.23 | 95.77 | — | — |
| P/OCF | 31.09 | 40.96 | 33.85 | 23.23 | 49.41 | 72.48 | 35.34 | — | — |
P/E links to full P/E history page with 30-year chart
DASH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DoorDash, Inc.'s enterprise value stands at 51.0x EBITDA, 49% below its 5-year average of 99.3x. The Communication Services sector median is 9.6x, placing the stock at a 430% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.21 | 6.41 | 4.25 | 2.53 | 9.83 | 1.79 | — | — |
| EV / EBITDA | 50.99 | 67.32 | 131.34 | — | — | — | — | — | — |
| EV / EBIT | 103.67 | 105.05 | — | — | — | — | — | — | — |
| EV / FCF | — | 45.52 | 38.12 | 27.22 | 793.64 | 105.61 | 55.68 | — | — |
DASH Profitability
Margins and return-on-capital ratios measuring operating efficiency
DoorDash, Inc. earns an operating margin of 5.3%, above the Communication Services sector average of 1.6%. Operating margins have expanded from -6.7% to 5.3% over the past 3 years, signaling improving operational efficiency. ROE of 10.5% is modest. ROIC of 7.9% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.9% | 50.9% | 48.3% | 46.9% | 45.5% | 52.2% | 52.6% | 40.9% | 21.6% |
| Operating Margin | 5.3% | 5.3% | -0.4% | -6.7% | -17.1% | -9.2% | -15.1% | -69.6% | -72.2% |
| Net Profit Margin | 6.8% | 6.8% | 1.1% | -6.5% | -20.7% | -9.6% | -16.0% | -75.4% | -70.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.5% | 10.5% | 1.7% | -8.2% | -23.9% | -10.0% | -15.7% | -77.1% | -37.2% |
| ROA | 5.8% | 5.8% | 1.0% | -5.4% | -16.4% | -7.1% | -11.4% | -55.2% | -29.9% |
| ROIC | 7.9% | 7.9% | -0.6% | -8.7% | -21.4% | -19.2% | -31.4% | -64.0% | — |
| ROCE | 6.6% | 6.6% | -0.5% | -7.9% | -18.3% | -9.0% | -13.8% | -64.1% | -36.6% |
DASH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DoorDash, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (29% below the sector average of 3.6x). The company holds a net cash position — cash of $4.4B exceeds total debt of $3.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.07 | 0.08 | 0.08 | 0.09 | 0.13 | 0.16 | — |
| Debt / EBITDA | 2.55 | 2.55 | 1.02 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.06 | -0.45 | -0.31 | -0.22 | -0.45 | -0.79 | -0.06 | -0.39 |
| Net Debt / EBITDA | -0.43 | -0.43 | -6.66 | — | — | — | — | — | — |
| Debt / FCF | — | -0.29 | -1.93 | -1.58 | -69.81 | -4.63 | -40.09 | — | — |
| Interest Coverage | — | — | — | — | -516.00 | -32.29 | -13.31 | — | -203.00 |
Net cash position: cash ($4.4B) exceeds total debt ($3.8B)
DASH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.41x means DoorDash, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.64x to 1.41x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 1.66 | 1.64 | 1.86 | 2.59 | 3.94 | 2.61 | 5.17 |
| Quick Ratio | 1.41 | 1.41 | 1.66 | 1.64 | 1.86 | 2.59 | 3.94 | 2.61 | 5.17 |
| Cash Ratio | 0.90 | 0.90 | 1.20 | 1.20 | 1.38 | 2.13 | 3.47 | 2.00 | 4.27 |
| Asset Turnover | — | 0.70 | 0.83 | 0.80 | 0.67 | 0.72 | 0.45 | 0.51 | 0.43 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 29.48 | 29.45 | 29.42 | 22.18 | 26.06 | 36.80 | 23.92 | 23.83 |
DASH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DoorDash, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 0.9% | 0.2% | — | — | — | — | — | — |
| FCF Yield | 2.9% | 2.2% | 2.5% | 3.5% | 0.1% | 0.9% | 1.0% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.3% | 1.9% | 2.2% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.3% | 1.9% | 2.2% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $440M | $430M | $393M | $371M | $337M | $62M | $43M | $44M |
Peer Comparison
Compare DASH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DASHYou | $76B | 81.4 | 51.0 | 34.8 | 50.9% | 5.3% | 10.5% | 7.9% | 2.6 |
 UBER | $148B | 15.1 | 24.4 | 15.2 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
 LYFT | $5B | 2.1 | — | 4.9 | 41.5% | -3.0% | 140.8% | -6.1% | — |
 CART | $11B | 27.8 | 16.7 | 11.6 | 73.7% | 13.3% | 15.9% | 20.7% | 0.1 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 FRSH | $2B | 14.1 | 26.5 | 10.0 | 85.0% | 1.6% | 16.9% | 2.0% | 0.9 |
 GO | $916M | -4.0 | — | 38.5 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 YELP | $1B | 10.2 | 4.4 | 3.9 | 90.3% | 12.6% | 20.0% | 25.1% | 0.2 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into DASH consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
DASH — Frequently Asked Questions
Quick answers to the most common questions about buying DASH stock.
What is DoorDash, Inc.'s P/E ratio?
DoorDash, Inc.'s current P/E ratio is 81.4x. The historical average is 106.3x.
What is DoorDash, Inc.'s EV/EBITDA?
DoorDash, Inc.'s current EV/EBITDA is 51.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 67.3x.
What is DoorDash, Inc.'s ROE?
DoorDash, Inc.'s return on equity (ROE) is 10.5%. The historical average is -20.0%.
Is DASH stock overvalued?
Based on historical data, DoorDash, Inc. is trading at a P/E of 81.4x. Compare with industry peers and growth rates for a complete picture.
What are DoorDash, Inc.'s profit margins?
DoorDash, Inc. has 50.9% gross margin and 5.3% operating margin.
How much debt does DoorDash, Inc. have?
DoorDash, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.