DoorDash DASH Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 202.3%+10.2pp | 200.6%+11.0pp | 198%+9.8pp | 195.2%+8.3pp | 192%+6.1pp | |
| Net margin | 26.5%+28.3pp | 23.2%+32.6pp | 17.6%+34.6pp | 9%+37.2pp | -1.8%+38.6pp | |
| EBITDA margin | 42.3%+25.9pp | 38.8%+28.9pp | 33.5%+29.8pp | 25.6%+29.5pp | 16.5%+28.7pp | |
| Free cash flow margin | 65.3%-11.0pp | 68.9%-8.1pp | 72%-4.0pp | 73.5%— | 76.3%— | |
| Returns | ||||||
| Return on equity | 40.3%+42.6pp | 34.7%+47.7pp | 25.9%+48.8pp | 13.4%+49.4pp | -2.3%+46.0pp | |
| Return on assets | 22.4%+24.0pp | 19.6%+27.9pp | 14.9%+29.6pp | 7.6%+31.5pp | -1.6%+31.4pp | |
| Return on invested capital | 66.8%+77.3pp | 57.5%+83.4pp | 43.6%+81.8pp | 16.9%+67.5pp | -10.6%+51.0pp | |
| Efficiency | ||||||
| Asset turnover | 3.4×-0.2× | 3.4×-0.2× | 3.5×0.0× | 3.5×+0.1× | 3.6×+0.3× | |
| Liquidity | ||||||
| Current ratio | 6.9×+0.3× | 7.2×+0.6× | 7.5×+0.9× | 7.1×+0.5× | 6.7×0.0× | |
| Quick ratio | 6.9×+0.3× | 7.2×+0.6× | 7.5×+0.9× | 7.1×+0.5× | 6.7×0.0× | |
| Cash ratio | 4.5×+0.6× | 4.7×+1.0× | 4.8×+1.3× | 4.4×+1.0× | 3.8×+0.6× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.2×-0.1× | 0.2×-0.1× | 0.3×0.0× | 0.3×0.0× | |
| Debt-to-assets | 0.1×-0.1× | 0.1×0.0× | 0.1×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | -15.8×+44.8× | -18.2×+83.0× | -21.7×— | -27.7×— | -60.6×— | |
| Per Share | ||||||
| Book value per share | $87.72+20.9% | $83.92+19.0% | $79.24+13.7% | $75.44+9.8% | $72.53+7.1% | |
| Valuation | ||||||
| Market capitalization | $379.11B+52.2% | $390.66B+71.2% | $362.73B+83.2% | $305.13B+78.8% | $249.16B+59.1% | |
| Enterprise value | $357.54B+52.3% | $369.33B+71.5% | $341.83B+83.2% | $287.72B+79.0% | $234.84B+58.6% | |
| Price / earnings | 437.6×— | 593.7×— | 1,055.8×— | —— | —— | |
| Price / sales | 29.2×+5.5× | 31.6×+8.6× | 30.9×+9.9× | 27.5×+8.4× | 23.7×+5.2× | |
| Price / book | 39.6×+7.6× | 42.3×+11.5× | 41.5×+13.9× | 37×+12.3× | 32×+8.7× | |
| EV / EBITDA | 260.5×-630× | 311.9×-1,389× | 361.7×— | 462.6×— | 890.2×— | |
| EV / sales | 27.5×+5.2× | 29.8×+8.1× | 29.2×+9.3× | 25.9×+7.9× | 22.3×+4.9× | |
| Free cash flow yield | 9.5%-3.8pp | 8.9%-4.8pp | 9.5%-5.1pp | 11%— | 13.2%— | |
| Earnings yield | 3.9%+4.5pp | 2.9%+4.7pp | 2.1%+5.5pp | 1.1%+7.5pp | -0.6%+9.1pp |
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.
