DoorDash DASH Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 50.9%0.0pp | 50.9%+0.4pp | 50.5%+0.4pp | 50%+0.9pp | 49.2%+0.9pp | |
| Operating margin | 4.9%-0.4pp | 5.3%— | —— | —— | —— | |
| Net margin | 6.3%-0.5pp | 6.8%0.0pp | 6.8%+0.3pp | 6.6%+3.6pp | 3%+1.9pp | |
| EBITDA margin | 10.8%0.0pp | 10.7%-0.2pp | 10.9%+0.9pp | 10%+2.8pp | 7.2%+1.8pp | |
| Free cash flow margin | 14.6%-1.2pp | 15.8%-2.3pp | 18.1%+1.5pp | 16.7%-1.6pp | 18.3%-0.7pp | |
| Returns | ||||||
| Return on equity | 10%-0.5pp | 10.5%+0.4pp | 10.1%+0.4pp | 9.7%+5.3pp | 4.4%+2.7pp | |
| Return on assets | 5.6%-0.2pp | 5.8%0.0pp | 5.7%+0.3pp | 5.4%+2.7pp | 2.7%+1.7pp | |
| Return on invested capital | 14.3%0.0pp | 14.3%-6.8pp | 21.1%+4.1pp | 17.1%+12.1pp | 5%+4.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×-0.1× | 0.9×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.4×0.0× | 1.4×-0.6× | 2×0.0× | 2.1×+0.4× | 1.7×+0.1× | |
| Quick ratio | 1.4×0.0× | 1.4×-0.6× | 2×0.0× | 2.1×+0.4× | 1.7×+0.1× | |
| Cash ratio | 0.8×+0.1× | 0.8×-0.7× | 1.4×0.0× | 1.4×+0.4× | 1×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -2.8×0.0× | -2.8×+2.2× | -5×+0.2× | -5.2×0.0× | -5.2×+1.1× | |
| Per Share | ||||||
| Book value per share | $23.06+1.0% | $22.82+6.2% | $21.49+5.6% | $20.35+5.7% | $19.26+6.2% | |
| Valuation | ||||||
| Market capitalization | $65.23B-33.2% | $97.61B-16.0% | $116.19B+16.1% | $100.08B+30.3% | $76.78B+10.2% | |
| Enterprise value | $60.81B-35.0% | $93.5B-14.5% | $109.33B+16.4% | $93.91B+29.4% | $72.59B+10.0% | |
| Price / earnings | 70.4×-34.0× | 104.4×-30.2× | 134.6×+6.5× | 128.1×-98.4× | 226.5×-340× | |
| Price / sales | 4.4×-2.7× | 7.1×-2.1× | 9.2×+0.8× | 8.4×+1.6× | 6.8×+0.3× | |
| Price / book | 6.4×-3.3× | 9.7×-2.5× | 12.2×+1.0× | 11.2×+2.1× | 9.2×+0.2× | |
| EV / EBITDA | 38.4×-25.2× | 63.6×-16.0× | 79.6×+0.8× | 78.8×-11.0× | 89.8×-23.6× | |
| EV / sales | 4.1×-2.7× | 6.8×-1.8× | 8.7×+0.8× | 7.9×+1.4× | 6.5×+0.3× | |
| Free cash flow yield | 3.3%+1.1pp | 2.2%+0.3pp | 2%0.0pp | 2%-0.7pp | 2.7%-0.2pp | |
| Earnings yield | 1.4%+0.5pp | 1%+0.2pp | 0.7%0.0pp | 0.8%+0.3pp | 0.4%+0.3pp | |
| PEG ratio | 0.4×+0.2× | 0.2×— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are DoorDash's profit margins?
- DoorDash (DASH) runs a 50.9% gross margin and a 4.9% operating margin, with a 6.3% net margin.
- Where do DoorDash's ratios come from?
- Every ratio is computed from DoorDash's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
