Domino's Pizza, Inc. (DPZ) Financial Ratios
26 years of historical data (2000–2025) · Consumer Cyclical · Restaurants
EV/EBITDA
↓
15.00
↓-34% vs avg
5yr avg: 22.57
30Y Low8.7·High31.0
P/FCF
↓
16.26
↓-46% vs avg
5yr avg: 30.24
30Y Low4.9·High43.9
P/B Ratio
N/A
—
5yr avg: N/A
ROE
N/A
—
5yr avg: N/A
Debt/EBITDA
↓
4.99
↓-13% vs avg
5yr avg: 5.71
30Y Low3.0·High7.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DPZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Domino's Pizza, Inc. trades at 18.5x earnings, 37% below its 5-year average of 29.5x, sitting at the 23rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 16.3x P/FCF, 46% below the 5-year average of 30.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.9B | $14.6B | $15.0B | $14.6B | $12.5B | $21.3B | $15.2B | $12.3B | $10.8B | $9.0B | $7.9B |
| Enterprise Value | $15.7B | $19.4B | $20.0B | $19.7B | $17.7B | $26.4B | $19.4B | $16.5B | $14.3B | $12.1B | $10.1B |
| P/E Ratio → | 18.48 | 24.22 | 25.63 | 28.12 | 27.65 | 41.68 | 30.95 | 30.73 | 29.70 | 32.41 | 37.03 |
| P/S Ratio | 2.21 | 2.95 | 3.18 | 3.26 | 2.76 | 4.88 | 3.69 | 3.40 | 3.13 | 3.23 | 3.22 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 16.26 | 21.70 | 29.24 | 30.06 | 32.22 | 37.98 | 30.16 | 29.94 | 39.19 | 36.18 | 34.76 |
| P/OCF | 13.78 | 18.40 | 23.96 | 24.70 | 26.30 | 32.51 | 25.64 | 24.78 | 27.27 | 26.57 | 27.67 |
P/E links to full P/E history page with 30-year chart
DPZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Domino's Pizza, Inc.'s enterprise value stands at 15.0x EBITDA, 34% below its 5-year average of 22.6x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 32% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.92 | 4.25 | 4.40 | 3.90 | 6.06 | 4.71 | 4.55 | 4.15 | 4.35 | 4.08 |
| EV / EBITDA | 15.00 | 18.49 | 20.67 | 21.87 | 20.86 | 30.95 | 24.52 | 23.90 | 22.80 | 21.44 | 20.51 |
| EV / EBIT | 16.47 | 20.04 | 21.77 | 23.19 | 22.95 | 32.31 | 26.72 | 26.01 | 24.79 | 23.20 | 22.23 |
| EV / FCF | — | 28.84 | 39.03 | 40.56 | 45.60 | 47.17 | 38.47 | 40.05 | 51.98 | 48.70 | 44.14 |
DPZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Domino's Pizza, Inc. earns an operating margin of 19.3%, significantly above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 18.3% to 19.3% over the past 3 years, signaling improving operational efficiency. ROIC of 73.5% represents excellent returns on invested capital versus a sector median of 5.8%.
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0% | 40.0% | 39.3% | 38.6% | 36.3% | 38.7% | 38.7% | 38.8% | 37.9% | 31.1% | 31.0% |
| Operating Margin | 19.3% | 19.3% | 18.7% | 18.3% | 16.9% | 17.9% | 17.6% | 17.4% | 16.7% | 18.7% | 18.4% |
| Net Profit Margin | 12.2% | 12.2% | 12.4% | 11.6% | 10.0% | 11.7% | 11.9% | 11.1% | 10.5% | 10.0% | 8.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | 34.0% | 34.0% | 34.2% | 31.7% | 27.6% | 31.5% | 33.3% | 35.0% | 41.5% | 35.8% | 28.3% |
| ROIC | 73.5% | 73.5% | 63.6% | 60.6% | 59.5% | 64.3% | 66.7% | 78.0% | 101.0% | 121.3% | 119.7% |
| ROCE | 137.8% | 137.8% | 140.4% | 74.7% | 71.5% | 71.7% | 71.7% | 86.5% | 118.3% | 138.8% | 123.3% |
DPZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Domino's Pizza, Inc. carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (14% above the sector average of 4.4x). Net debt stands at $4.8B ($5.2B total debt minus $434M cash). Interest coverage of 4.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 4.99 | 4.99 | 5.38 | 5.79 | 6.19 | 6.20 | 5.51 | 6.31 | 5.65 | 5.58 | 4.45 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 4.58 | 4.58 | 5.18 | 5.66 | 6.12 | 6.03 | 5.30 | 6.03 | 5.61 | 5.51 | 4.36 |
| Debt / FCF | — | 7.15 | 9.79 | 10.50 | 13.38 | 9.18 | 8.31 | 10.11 | 12.78 | 12.52 | 9.38 |
| Interest Coverage | 4.93 | 4.93 | 4.69 | 4.32 | 3.89 | 4.27 | 4.21 | 4.20 | 3.93 | 4.27 | 4.13 |
DPZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.65x means Domino's Pizza, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.49x to 1.65x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.65 | 1.65 | 0.56 | 1.49 | 1.47 | 1.46 | 1.85 | 1.74 | 1.49 | 1.46 | 1.23 |
| Quick Ratio | 1.50 | 1.50 | 0.52 | 1.34 | 1.32 | 1.34 | 1.70 | 1.62 | 1.37 | 1.36 | 1.13 |
| Cash Ratio | 0.80 | 0.80 | 0.12 | 0.21 | 0.11 | 0.25 | 0.36 | 0.42 | 0.07 | 0.09 | 0.11 |
| Asset Turnover | — | 2.74 | 2.71 | 2.67 | 2.83 | 2.61 | 2.63 | 2.62 | 3.78 | 3.33 | 3.45 |
| Inventory Turnover | 37.46 | 37.46 | 40.30 | 33.17 | 35.41 | 39.06 | 37.83 | 41.85 | 46.33 | 48.10 | 42.43 |
| Days Sales Outstanding | — | 24.70 | 23.97 | 23.04 | 20.71 | 21.39 | 21.68 | 21.21 | 20.21 | 22.74 | 22.20 |
DPZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Domino's Pizza, Inc. returns 5.4% to shareholders annually — split between a 2.1% dividend yield and 3.3% buyback yield. The payout ratio of 39.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.4% (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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.1% | 1.6% | 1.4% | 1.2% | 1.3% | 0.7% | 0.8% | 0.9% | 0.9% | 0.9% | 0.9% |
| Payout Ratio | 39.4% | 39.4% | 35.9% | 32.7% | 34.8% | 27.3% | 24.8% | 26.4% | 25.5% | 30.3% | 34.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.4% | 4.1% | 3.9% | 3.6% | 3.6% | 2.4% | 3.2% | 3.3% | 3.4% | 3.1% | 2.7% |
| FCF Yield | 6.2% | 4.6% | 3.4% | 3.3% | 3.1% | 2.6% | 3.3% | 3.3% | 2.6% | 2.8% | 2.9% |
| Buyback Yield | 3.3% | 2.5% | 2.2% | 1.8% | 2.3% | 6.2% | 2.0% | 5.7% | 5.5% | 11.8% | 3.8% |
| Total Shareholder Yield | 5.4% | 4.1% | 3.6% | 3.0% | 3.6% | 6.9% | 2.8% | 6.5% | 6.4% | 12.7% | 4.7% |
| Shares Outstanding | — | $34M | $35M | $35M | $36M | $38M | $40M | $42M | $43M | $48M | $50M |
Peer Comparison
Compare DPZ 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 |
|---|---|---|---|---|---|---|---|---|---|
 DPZYou | $11B | 18.5 | 15.0 | 16.3 | 40.0% | 19.3% | — | 73.5% | 5.0 |
 YUM | $43B | 28.1 | 19.9 | 26.3 | 46.2% | 30.8% | — | 48.1% | 4.4 |
 MCD | $202B | 24.9 | 18.3 | 30.3 | 56.8% | 45.2% | — | 19.3% | 3.8 |
 QSR | $27B | 32.8 | 17.5 | 18.5 | 41.1% | 23.7% | 15.5% | 8.2% | 7.1 |
 PZZA | $1B | 37.5 | 7.1 | 18.1 | 28.9% | 4.3% | — | 48.3% | 1.2 |
 JACK | $261M | -3.2 | 82.8 | 3.5 | 28.7% | -1.2% | — | -0.6% | 77.6 |
 WEN | $1B | 7.0 | 9.3 | 4.9 | 35.2% | 16.5% | 68.3% | 7.1% | 7.7 |
 SBUX | $121B | 65.3 | 27.5 | 49.7 | 24.2% | 9.6% | — | 17.7% | 5.1 |
 CMG | $43B | 28.7 | 21.9 | 29.4 | 25.4% | 16.9% | 47.4% | 15.3% | 4.1 |
 DNUT | $634M | -1.2 | 20.2 | — | 14.1% | -2.2% | -56.0% | -1.1% | 13.7 |
 FAT | $3M | -0.0 | — | — | 25.4% | -8.8% | — | -3.8% | — |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
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Start ComparisonDPZ — Frequently Asked Questions
Quick answers to the most common questions about buying DPZ stock.
What is Domino's Pizza, Inc.'s P/E ratio?
Domino's Pizza, Inc.'s current P/E ratio is 18.5x. The historical average is 24.7x. This places it at the 23th percentile of its historical range.
What is Domino's Pizza, Inc.'s EV/EBITDA?
Domino's Pizza, Inc.'s current EV/EBITDA is 15.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.9x.
Is DPZ stock overvalued?
Based on historical data, Domino's Pizza, Inc. is trading at a P/E of 18.5x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Domino's Pizza, Inc.'s dividend yield?
Domino's Pizza, Inc.'s current dividend yield is 2.13% with a payout ratio of 39.4%.
What are Domino's Pizza, Inc.'s profit margins?
Domino's Pizza, Inc. has 40.0% gross margin and 19.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Domino's Pizza, Inc. have?
Domino's Pizza, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.