DoorDash, Inc. (DASH) Financial Ratios
8 years of historical data (2018–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↓
47.96
↓-52% vs avg
5yr avg: 99.17
30Y Low67.0·High67.0
P/FCF
↓
32.93
↓-85% vs avg
5yr avg: 217.67
30Y Low28.8·High110.2
P/B Ratio
↓
7.27
-5% 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
↑
2.24
↑+37% vs avg
5yr avg: 1.63
30Y Low1.0·High2.2
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 78.0x earnings, 77% 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 15.0x, the stock trades at a premium of 422%. On a free-cash-flow basis, the stock trades at 32.9x P/FCF, 85% 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 | $71.6B | $99.6B | $72.2B | $38.9B | $18.1B | $50.2B | $8.9B | — | — |
| Enterprise Value | $70.5B | $98.5B | $68.7B | $36.7B | $16.7B | $48.1B | $5.2B | — | — |
| P/E Ratio → | 78.00 | 106.33 | 578.45 | — | — | — | — | — | — |
| P/S Ratio | 5.22 | 7.26 | 6.73 | 4.50 | 2.75 | 10.26 | 3.09 | — | — |
| P/B Ratio | 7.27 | 9.91 | 9.24 | 5.70 | 2.68 | 10.75 | 1.89 | — | — |
| P/FCF | 32.93 | 45.81 | 40.05 | 28.81 | 863.45 | 110.23 | 95.77 | — | — |
| P/OCF | 29.45 | 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 48.0x EBITDA, 52% below its 5-year average of 99.2x. The Communication Services sector median is 8.4x, placing the stock at a 470% 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 | — | 7.18 | 6.41 | 4.25 | 2.53 | 9.83 | 1.79 | — | — |
| EV / EBITDA | 47.96 | 67.00 | 131.34 | — | — | — | — | — | — |
| EV / EBIT | 97.51 | 104.56 | — | — | — | — | — | — | — |
| EV / FCF | — | 45.30 | 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%. 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 8.2% 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 | 8.2% | 8.2% | -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 2.2x, which is manageable (36% below the sector average of 3.5x). The company holds a net cash position — cash of $4.4B exceeds total debt of $3.3B, 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 | 0.33 | 0.33 | 0.07 | 0.08 | 0.08 | 0.09 | 0.13 | 0.16 | — |
| Debt / EBITDA | 2.24 | 2.24 | 1.02 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.45 | -0.31 | -0.22 | -0.45 | -0.79 | -0.06 | -0.39 |
| Net Debt / EBITDA | -0.74 | -0.74 | -6.66 | — | — | — | — | — | — |
| Debt / FCF | — | -0.50 | -1.93 | -1.58 | -69.81 | -4.63 | -40.09 | — | — |
| Interest Coverage | — | — | — | — | -562.00 | -32.29 | -13.63 | — | -210.00 |
Net cash position: cash ($4.4B) exceeds total debt ($3.3B)
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 1.3% (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 | 1.3% | 0.9% | 0.2% | — | — | — | — | — | — |
| FCF Yield | 3.0% | 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 | $72B | 78.0 | 48.0 | 32.9 | 50.9% | 5.3% | 10.5% | 8.2% | 2.2 |
 UBER | $152B | 15.5 | 25.0 | 15.5 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
 LYFT | $6B | 2.1 | — | 5.1 | 41.5% | -3.0% | 140.8% | -7.1% | — |
 CART | $12B | 27.7 | 18.4 | 18.6 | 75.3% | 14.5% | 13.4% | 21.9% | 0.0 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 WMT | $1.0T | 47.9 | 25.0 | 25.1 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
 FRSH | $3B | 14.6 | 29.6 | 10.9 | 85.0% | 1.6% | 16.9% | 2.0% | 0.9 |
 GO | $770M | -3.4 | — | 32.3 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 YELP | $2B | 13.0 | 6.7 | 5.6 | 90.3% | 12.6% | 20.0% | 25.1% | 0.2 |
 GOOGL | $4.7T | 35.9 | 31.5 | 64.1 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 AFRM | $22B | 445.4 | 208.7 | 37.0 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
| Communication Services Median | — | 15.0 | 8.4 | 11.8 | 49.1% | 1.0% | 2.4% | 3.3% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonDASH — 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 78.0x. The historical average is 106.3x.
What is DoorDash, Inc.'s EV/EBITDA?
DoorDash, Inc.'s current EV/EBITDA is 48.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 67.0x.
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 78.0x. 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 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.