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World's largest pizza delivery/carryout chain, mostly franchised, with heavy investment in digital ordering technology.
World's largest pizza delivery/carryout chain, mostly franchised, with heavy investment in digital ordering technology.
Most stores are owned by franchisees, who pay royalties on sales and buy dough, cheese and other supplies from Domino's own distribution centers, so the supply-chain arm brings in more revenue than royalties but at lower margin. Outside the US, master franchisees such as Jubilant FoodWorks in India run whole countries.
Moat: narrow (scale, brand, distribution). Owned supply-chain/distribution network and early, heavy investment in digital ordering give a cost and convenience edge.
Headquarters: Ann Arbor, Michigan, United States · Founded: 1960 · Employees: 10,200
Size Domino's (DPZ) is a United States Consumer Discretionary company (Restaurants) with a market value of $11.0B, the 731st largest of 3,117 United States companies the cockpit tracks. Shares closed at $334.28 on 6 Nov 2026.
Performance Over six months the shares gained 4.0%, against +11.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 4.5% over the last twelve months (peer median +10.3%); the operating margin is 19.5% (peer median 9.6%).
Valuation It trades at 16.3× forward earnings against a peer median of 26.8× (4th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 103.6 points above its cost of capital (8.3% WACC).
Backlog Backlog (remaining performance obligations) was $17.3M at 28 Dec 2025, down 17% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 7.2% of the free float (15 Oct 2026).
Next results Next results expected around 1 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.07B | $4.94B | $4.71B | $4.48B | $4.54B |
| Revenue growth | — | +5% | +5% | -1% | — |
| Gross profit | $2.03B | $1.93B | $1.85B | $1.73B | $1.65B |
| EBITDA | $1.08B | $1.05B | $968M | $902M | $829M |
| Net income | $609M | $602M | $584M | $519M | $452M |
| Free cash flow | $636M | $672M | $512M | $485M | $388M |
| Capital expenditure | $125M | $121M | $113M | $105M | $94.0M |
| Total debt | $5.12B | $5.05B | $5.20B | $5.21B | $5.25B |
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 |
|---|---|---|---|---|---|---|
| Domino's DPZ | $11.0B | +4% | +4% | 20% | 16.3× | 1.8% |
| Yum! Brands YUM | $44.0B | +7% | +9% | 32% | 24.8× | -0.2% |
| Papa John's International PZZA | $650M | -37% | -6% | 5% | 19.7× | 4.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DPZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.3% | +9.9% | 8th lowest of 21 |
| 6-month return | +4.0% | +11.9% | 8th lowest of 20 |
| Distance from 52-week high | -23.6% | -15.6% | 8th lowest of 21 |
| Revenue growth (TTM) | +4.5% | +10.3% | 3rd lowest of 21 |
| Operating margin | 19.5% | 9.6% | 5th highest of 21 |
| Forward P/E | 16.3× | 26.8× | 4th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 1.8% | 7.2% | 4th least demanding of 19 |
| Growth delivered (Del g) | +3.7% | +13.6% | lowest of 19 |
| Hurdle (Req g minus delivered) | -1.9 pp | -4.3 pp | 8th most demanding of 19 |
| ROIC minus cost of capital | +103.6 pp | +5.5 pp | highest of 21 |
| EV / EBITDA | 14.5× | 15.5× | 9th cheapest of 21 |
| Net debt / EBITDA | 4.3× | 2.6× | 6th most indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Domino's DPZ | United States | $11.0B | +4% | +4% | 20% | 16.3× | 1.8% | +3.7% |
| Texas Roadhouse TXRH | United States | $12.1B | +4% | +10% | 8% | 26.8× | 13.8% | +19.6% |
| Sodexo SW.PA | France | $9.91B | +28% | 0% | 3% | 17.7× | 6.0% | +6.6% |
| Zensho 7550.T | Japan | $12.2B | +41% | +12% | 7% | 34.3× | 6.1% | +16.3% |
| Aramark ARMK | United States | $13.9B | +17% | +11% | 4% | 19.8× | 16.1% | +7.6% |
| Brinker International EAT | United States | $8.58B | +49% | +6% | 11% | 14.7× | 9.3% | +11.7% |
| Food & Life Companies 3563.T | Japan | $7.34B | +12% | +24% | 10% | 35.6× | 6.9% | +16.0% |
| McDonald's Holdings Company (Japan) 2702.T | Japan | $7.33B | +7% | +2% | 14% | 32.0× | 1.8% | +7.6% |
| Haidilao 6862.HK | Hong Kong | $7.24B | -28% | +11% | 12% | 11.4× | 2.0% | +7.8% |
| Yum China YUMC | United States | $17.1B | +6% | +10% | 13% | 15.3× | -7.5% | +7.4% |
| CAVA CAVA | United States | $6.91B | -26% | +27% | 7% | 85.5× | 41.5% | +27.9% |
| Jersey Mike's Subs JMKE | United States | $6.03B | n/a | +11% | 21% | 26.3× | n/a | n/a |
| Dutch Bros BROS | United States | $5.90B | -36% | +30% | 10% | 31.0× | 36.3% | +38.0% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Skylark 3197.T | Japan | $5.18B | +19% | +11% | 7% | 38.5× | 6.4% | +9.7% |
| Darden Restaurants DRI | United States | $25.6B | +15% | +8% | 12% | 19.7× | 7.5% | +12.9% |
| Wingstop WING | United States | $4.42B | +26% | +7% | 28% | 35.3× | 21.9% | +22.9% |
| Restaurant Brands International QSR | United States | $35.1B | -3% | +6% | 27% | 18.1× | 6.3% | +13.7% |
| Restaurant Brands International LP QSP-UN.TO | Canada | $35.9B | +12% | +5% | 28% | n/a | 1.0% | +14.6% |
| Jubilant Foodworks JUBLFOOD.NS | India | $3.20B | -5% | +16% | 10% | 61.4× | 28.6% | +23.5% |
| Shake Shack SHAK | United States | $3.08B | +2% | +17% | 5% | 55.7× | n/a | n/a |
Domino's reported $17.3M of remaining performance obligations at 28 Dec 2025, down 17% from a year earlier. That is 0.0 years of trailing revenue already under contract.