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Runs an on-demand delivery marketplace connecting consumers, restaurants/retailers and gig-worker couriers, plus international arm Wolt.
Runs an on-demand delivery marketplace connecting consumers, restaurants/retailers and gig-worker couriers, plus international arm Wolt.
Takes a commission from restaurants and stores on each order, plus delivery and service fees from consumers; subscriptions and merchant advertising add recurring income. Couriers are independent contractors paid per delivery. The US is the core, extended into Europe through Wolt, bought in 2022, and a 2025 deal for Deliveroo.
Moat: narrow (network effects, scale, brand). Two-sided marketplace scale across merchants, consumers and couriers creates local density advantages.
Headquarters: San Francisco, California, US · Founded: 2013 · Employees: 31,400
Size DoorDash (DASH) is a United States Consumer Discretionary company (Air Freight/Couriers) with a market value of $78.3B, the 174th largest of 3,117 United States companies the cockpit tracks. Shares closed at $179.67 on 6 Nov 2026.
Performance Over six months the shares gained 9.6%, against +1.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 35.0% over the last twelve months (peer median +8.9%); the operating margin is 6.2% (peer median 15.4%).
Valuation It trades at 42.2× forward earnings against a peer median of 25.0× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 45% a year for seven years (Req g). Recent delivered growth is +37%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (14.4% WACC).
Credit DoorDash has 1 bond outstanding ($2.75B).
Short interest Short interest is 4.1% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $17.1B | $13.7B | $10.7B | $8.63B | $6.58B |
| Revenue growth | — | +28% | +24% | +31% | — |
| Gross profit | $7.71B | $6.23B | $4.62B | $3.54B | $2.63B |
| EBITDA | $2.20B | $1.66B | $613M | -$66.0M | -$593M |
| Net income | $1.06B | $935M | $123M | -$558M | -$1.36B |
| Free cash flow | $2.20B | $1.83B | $1.80B | $1.35B | $21.0M |
| Capital expenditure | $750M | $605M | $330M | $324M | $346M |
| Total debt | $3.30B | $3.29B | $536M | $522M | $511M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DoorDash DASH | $78.3B | +10% | +35% | 6% | 42.2× | 45.3% |
| Uber UBER | $140B | -9% | +14% | 13% | 16.8× | 13.9% |
| Maplebear CART | $13.7B | +44% | +14% | 16% | 21.2× | 3.0% |
| Meituan-w 3690.HK | $63.3B | -5% | +10% | -12% | 303.1× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DASH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.3% | +7.6% | 3rd lowest of 21 |
| 6-month return | +9.6% | +1.6% | 6th highest of 21 |
| Distance from 52-week high | -24.8% | -14.6% | 7th lowest of 21 |
| Revenue growth (TTM) | +35.0% | +8.9% | 4th highest of 21 |
| Operating margin | 6.2% | 15.4% | 3rd lowest of 21 |
| Forward P/E | 42.2× | 25.0× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 45.3% | 13.7% | most demanding of 20 |
| Growth delivered (Del g) | +36.6% | +11.6% | 4th highest of 20 |
| Hurdle (Req g minus delivered) | +8.7 pp | -1.7 pp | 6th most demanding of 20 |
| ROIC minus cost of capital | -3.6 pp | +17.4 pp | 3rd lowest of 18 |
| EV / EBITDA | 34.3× | 19.1× | 2nd most expensive of 20 |
| Net debt / EBITDA | -1.4× | 2.0× | 3rd least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DoorDash DASH | United States | $78.3B | +10% | +35% | 6% | 42.2× | 45.3% | +36.6% |
| MercadoLibre MELI | United States | $76.6B | -8% | +46% | 8% | 32.0× | 11.9% | +48.7% |
| Carvana CVNA | United States | $81.2B | -6% | +50% | 9% | 35.9× | 43.6% | +29.5% |
| Ross Stores ROST | United States | $73.8B | +3% | +14% | 13% | 27.0× | 11.0% | +12.7% |
| General Motors GM | United States | $72.7B | +10% | 0% | 2% | 6.1× | 23.9% | +8.6% |
| O’Reilly Automotive ORLY | United States | $72.3B | -3% | +9% | 20% | 25.2× | 4.1% | +8.9% |
| Royal Caribbean RCL | United States | $87.5B | +19% | +10% | 27% | 16.4× | 23.2% | +52.0% |
| Nike NKE | United States | $57.3B | -13% | -1% | 9% | 30.4× | 7.0% | +0.8% |
| Marriott International MAR | United States | $107B | +18% | +6% | 16% | 32.1× | 17.9% | +19.9% |
| Garmin GRMN | United States | $55.0B | +19% | +14% | 29% | 25.7× | 13.7% | +11.6% |
| Airbnb ABNB | United States | $114B | +34% | +14% | 21% | 30.7× | 26.0% | +29.5% |
| eBay EBAY | United States | $53.5B | +14% | +15% | 21% | 18.4× | 15.4% | +4.6% |
| PDD Holdings Inc. Sponsored ADR PDD | United States | $117B | -16% | +14% | 22% | 7.5× | n/a | n/a |
| AutoZone AZO | United States | $51.8B | -8% | +7% | 18% | 19.0× | -2.8% | +6.8% |
| Booking BKNG | United States | $119B | -3% | +8% | 34% | 13.6× | 7.0% | +31.7% |
| Starbucks SBUX | United States | $120B | +1% | +2% | 11% | 32.6× | 18.5% | +5.5% |
| Sea Limited Sponsored ADR SE | United States | $49.1B | -13% | +43% | 8% | 18.0× | 11.7% | +39.3% |
| Ford Motor F | United States | $48.8B | +2% | -1% | 2% | 7.0× | 25.6% | +8.1% |
| Lowe's LOW | United States | $126B | -2% | +8% | 11% | 18.0× | 2.7% | -0.8% |
| Yum! Brands YUM | United States | $44.0B | +7% | +9% | 32% | 24.8× | -0.2% | +7.8% |
| Chipotle Mexican Grill CMG | United States | $43.6B | +6% | +8% | 15% | 27.1× | 15.1% | +14.8% |
DoorDash has 1 bond outstanding with $2.75B face value.