DoorDash DASH Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 202.3%+1.7pp | 200.6%+2.6pp | 198%+2.9pp | 195.2%+3.1pp | 192%+2.4pp | |
| Net margin | 26.5%+3.3pp | 23.2%+5.7pp | 17.6%+8.5pp | 9%+10.8pp | -1.8%+7.6pp | |
| EBITDA margin | 42.3%+3.6pp | 38.8%+5.3pp | 33.5%+7.9pp | 25.6%+9.2pp | 16.5%+6.5pp | |
| Free cash flow margin | 65.3%-3.7pp | 68.9%-3.1pp | 72%-1.5pp | 73.5%-2.8pp | 76.3%-0.7pp | |
| Returns | ||||||
| Return on equity | 40.3%+5.6pp | 34.7%+8.8pp | 25.9%+12.5pp | 13.4%+15.7pp | -2.3%+10.6pp | |
| Return on assets | 22.4%+2.9pp | 19.6%+4.7pp | 14.9%+7.2pp | 7.6%+9.2pp | -1.6%+6.7pp | |
| Return on invested capital | 66.8%+9.3pp | 57.5%+13.9pp | 43.6%+26.7pp | 16.9%+27.5pp | -10.6%+15.3pp | |
| Efficiency | ||||||
| Asset turnover | 3.4×0.0× | 3.4×-0.1× | 3.5×-0.1× | 3.5×-0.1× | 3.6×0.0× | |
| Liquidity | ||||||
| Current ratio | 6.9×-0.3× | 7.2×-0.3× | 7.5×+0.4× | 7.1×+0.4× | 6.7×+0.1× | |
| Quick ratio | 6.9×-0.3× | 7.2×-0.3× | 7.5×+0.4× | 7.1×+0.4× | 6.7×+0.1× | |
| Cash ratio | 4.5×-0.2× | 4.7×-0.2× | 4.8×+0.5× | 4.4×+0.5× | 3.8×+0.2× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | -15.8×+2.4× | -18.2×+3.5× | -21.7×+6.0× | -27.7×+32.9× | -60.6×+40.6× | |
| Per Share | ||||||
| Book value per share | $87.72+4.5% | $83.92+5.9% | $79.24+5.0% | $75.44+4.0% | $72.53+2.8% | |
| Valuation | ||||||
| Market capitalization | $379.11B-3.0% | $390.66B+7.7% | $362.73B+18.9% | $305.13B+22.5% | $249.16B+9.2% | |
| Enterprise value | $357.54B-3.2% | $369.33B+8.0% | $341.83B+18.8% | $287.72B+22.5% | $234.84B+9.0% | |
| Price / earnings | 437.6×-156× | 593.7×-462× | 1,055.8×— | —— | —— | |
| Price / sales | 29.2×-2.4× | 31.6×+0.6× | 30.9×+3.4× | 27.5×+3.8× | 23.7×+0.7× | |
| Price / book | 39.6×-2.8× | 42.3×+0.8× | 41.5×+4.5× | 37×+5.1× | 32×+1.2× | |
| EV / EBITDA | 260.5×-51.4× | 311.9×-49.8× | 361.7×-101× | 462.6×-428× | 890.2×-811× | |
| EV / sales | 27.5×-2.3× | 29.8×+0.7× | 29.2×+3.2× | 25.9×+3.6× | 22.3×+0.6× | |
| Free cash flow yield | 9.5%+0.6pp | 8.9%-0.7pp | 9.5%-1.4pp | 11%-2.3pp | 13.2%-0.4pp | |
| Earnings yield | 3.9%+1.0pp | 2.9%+0.8pp | 2.1%+1.0pp | 1.1%+1.7pp | -0.6%+1.2pp |
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.
