DoorDash Inc. (DASH)

NASDAQ: DASH · USD

$169

-1.26 (-0.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: DASH rated Reduce

DoorDash Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$143 / share

Potential value

$225 / share

Upside to FV

-12.2%

from $169

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$70.9B
Revenue (ttm)	15.9B
Net income (ttm)	841M
EPS (ttm)	$1.90
Shares out	433.3M
P/E (trailing)	88.9x
P/E (forward)	20.9x
Volume	3,421,060
Beta	1.89

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 15.9B
Net income (ttm): 841M
EPS (ttm): $1.90
P/E (trailing): 88.9x
P/E (forward): 20.9x
Market cap: $70.9B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	—	$6.58B	$8.64B	$10.72B	$13.72B	+27.7%
Gross profit	—	$3.00B	$4.05B	$5.18B	$6.98B	+32.6%
Operating income	—	$-1.03B	$-577.0M	$-38.0M	$725.0M	—
Net income	—	$-1.37B	$-558.0M	$123.0M	$935.0M	—
EPS (diluted)	$-1.39	$-3.68	$-1.42	$0.30	—	—
EBITDA	—	$-663.0M	$-68.0M	$523.0M	$1.47B	—
R&D	—	$829.0M	$1.00B	$1.17B	$1.43B	+20.0%
SG&A	—	$2.83B	$3.11B	$3.49B	$4.08B	+12.9%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	売り
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	売り
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	強い買い
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	売り
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	買い
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	ホールド

Base and Bull scenarios

Bull20%

Price target

$224.99

+38.3% from spot

DASH executes perfectly on non-restaurant verticals and advertising, driving massive operating leverage without heavy customer acquisition costs. Regulatory risks fade, allowing the terminal P/E to reflect a dominant, mature tech monopoly.

Ad revenue and new verticals scale flawlessly.
Operating margins expand well past 12%.
Terminal multiple stabilizes at 28x.

Base60%

Price target

$142.82

-12.2% from spot

Blends aggressive forward estimates with harsh cash-flow realities. Ad revenue grows, but structural SBC dilution and market saturation limit infinite multiple expansion. The valuation bridges growth optimism with strict fundamental floors.

12% terminal operating margin.
3% terminal growth rate.
22x terminal multiple.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to composite fair-value midpoint ($142.82). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
9.6%	$162	$173	$186	$201	$219
10.6%	$143	$152	$162	$173	$186
11.6%	$128	$135	$143	$152	$162
12.6%	$116	$122	$128	$135	$143
13.6%	$106	$111	$116	$122	$128

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E20.9

P25 10.9P50 15.4P75 22.5

Trailing P/E77.1

P25 12P50 17.7P75 28

ROE8.9

P25 -15.1P50 6P75 18

ROIC10.6

P25 -3.5P50 5.2P75 12.7

Benchmarks · 1M

All DASH indicators

Market & fundamental data

Available fields

256

Groups with data

Currency

USD

Showing 256 of 256 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001792789
Company name	DoorDash, Inc.
Country	United States
Country code	US
CUSIP number	25809K105
Earnings date	2026-11-04
Earnings time	amc
Employees	31,400
Employees change	7,700
Employees growth	32.49%
Enterprise value	$71.3B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2013
In index	SP500, NASDAQ100
Industry	Internet Retail
IPO date	2020-12-09
Is primary listing	Yes
Is SPAC	No
ISIN number	US25809K1051
Last 10-K release date	2026-02-18
Last earnings date	2026-08-05
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$73.4B
Market cap category	Large-Cap
Next earnings date	2026-11-04
Options	Yes
Price	$169.31
Price currency	USD
Sector	Consumer Discretionary
SIC code	7389
Stock price date	2026-10-28
Symbol	DASH
U.S. state	California
Website	https://www.doordash.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	32.53x
Earnings yield	1.12%
EV/Earnings	84.95x
EV/EBIT	82.31x
EV/EBITDA	49.75x
EV/FCF	27.53x
EV/Sales	4.5x
FCF / EV yield	3.63%
FCF yield	3.53%
Forward EV/Sales	3.64x
Forward P/E	25x
Forward P/S	3.75x
Graham number	31.32376
Graham upside	-81.53%
Industry forward P/E	22.47x
Industry P/E	20.51x
P/(FCF - SBC) ratio	49.62x
P/(OCF - SBC) ratio	42.82x
P/B ratio	7.45x
P/E ratio	88.9x
P/FCF ratio	28.32x
P/OCF ratio	25.97x
P/S ratio	4.62x
PEG ratio	0.58x
Price / tangible book value	30.35x
Price/EBITDA ratio	51.18x
Sector forward P/E	24.24x
Sector P/E	30.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	5.46%
EBITDA margin	9.04%
Effective tax rate	3.46%
FCF margin	16.33%
Gross margin	52.22%
Operating margin	5.46%
Pretax margin	5.46%
Profit margin	5.29%
Profit per employee	$26,783
Profitable quarters	8
Profitable years	2
Revenue per employee	$506,083
ROA	2.97%
ROA (5Y)	-2.28%
ROCE	6.47%
ROE	8.89%
ROE (5Y)	-6.04%
ROIC	10.57%
ROIC (5Y)	-17.51%
SBC / revenue	7.01%
Tax / revenue	0.19%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	8.45%
EPS growth (Q)	-29.98%
EPS growth (QoQ)	9.43%
EPS growth years	3
FCF growth	30.8%
FCF growth (Q)	101.6%
FCF growth (QoQ)	64.43%
FCF growth 3Y	45.24%
FCF growth 5Y	41.78%
Gross profit growth	36.7%
Gross profit growth (Q)	40.71%
Gross profit growth 3Y	31.8%
Gross profit growth 5Y	29.96%
Net income growth	7.68%
Net income growth (Q)	-29.83%
Net income growth (QoQ)	8.7%
Net income growth years	3
OCF growth	29.34%
OCF growth (Q)	87.3%
OCF growth (QoQ)	58.92%
OCF growth 3Y	40.89%
OCF growth 5Y	37.06%
Operating income growth	48.12%
Operating income growth (Q)	-7.03%
Revenue growth	33.59%
Revenue growth (Q)	35.63%
Revenue growth (QoQ)	10.36%
Revenue growth 3Y	27.39%
Revenue growth 5Y	30.73%
Revenue growth quarters	23
Revenue growth years	7

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-235M
Depreciation and amortization	$568M
EBIT	$868M
EBITDA	$1.4B
EPS	$1.90
FCF per share	$5.99
Financing cash flow	$-1.1B
Free cash flow	$2.6B
Free cash flow minus SBC	$1.5B
Gross profit	$8.3B
Income taxes	$30M
Investing cash flow	$-3.6B
Net borrowing	$-2M
Net cash flow	$-1.9B
Net income	$841M
Operating cash flow minus SBC	$1.7B
Operating income	$868M
Revenue	$15.9B
Stock-based compensation	$1.1B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.36
Book value per share	$22.90
Debt / EBITDA	2.1
Debt / equity	0.33
Debt / FCF	1.27
Goodwill	$5.5B
Long-term assets	$11.1B
Long-term liabilities	$3.5B
Net cash (debt)	$2B
Net cash / market cap	2.78%
Net cash growth	-17.43%
Net debt / EBITDA	-1.42
Net debt / equity	-0.21
Net debt / FCF	-0.79
Piotroski F-Score	6
Property, plant and equipment	$1.7B
Shareholders' equity	$9.9B
Tangible book value	$2.4B
Tangible book value per share	$5.59
Total assets	$19.6B
Total cash	$5.3B
Total debt	$3.3B
Total liabilities	$9.6B
WACC	14.03%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.87
Current assets	$8.4B
Current liabilities	$6.2B
Current ratio	1.37
Net working capital	$-3B
Quick ratio	1.08
Working capital	$2.3B
Working capital turnover	4.35

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.7%
Dividend yield	0%
Shareholder yield	0.7%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$183.31
1D price change	-0.74%
1M price change	-12.97%
1M total return	-12.97%
1W price change	-12.21%
1W total return	-12.21%
1Y price change	-36.1%
1Y return CAGR	-36.12%
1Y total return	-36.1%
20-day SMA	$186.60
200-day SMA	$183.06
3M price change	-8.73%
3M total return	-8.73%
3Y price change	138.18%
3Y return CAGR	33.54%
3Y total return	138.18%
50-day SMA	$199.51
50-day SMA vs 200-day SMA	50over200
52-week high	$268.00
52-week high date	2025-10-29
52-week low	$143.30
52-week low date	2026-03-27
5Y price change	-15.42%
5Y return CAGR	-3.29%
5Y total return	-15.42%
6M price change	-3.32%
6M total return	-3.32%
All-time high	$285.50
All-time high date	2025-10-16
All-time low	$41.37
All-time low date	2022-10-24
Average true range (ATR)	$8.38
Average volume	3.4M
Beta (1Y)	2.28
Beta (2Y)	1.7
Beta (5Y)	1.89
Change from 52-week high	-36.83%
Change from 52-week low	18.15%
Change from all-time high	-41.06%
Change from all-time low	306.81%
Change from open	-1.03%
Day's gap	0.3%
Dollar volume	$579.2M
High price	$173.27
Low price	$166.84
Monthly RSI	47.47
Open price	$171.07
Position in 52-week range	38.34%
Premarket change	-0.33%
Premarket close	$170.56
Premarket price	$170.00
Premarket volume	6.4K
Previous close	$170.56
Price vs 150-day SMA	-8.2%
Price vs 20-day SMA	-9.82%
Price vs 200-day SMA	-8.07%
Price vs 50-day SMA	-15.66%
Relative volume	0.99
Return from IPO open	-6.81%
Return from IPO price	66.27%
RSI	33.54
Sharpe ratio	-0.75
Sharpe ratio (3Y)	0.76
Sharpe ratio (5Y)	0.11
Sortino ratio	-0.89
Sortino ratio (3Y)	1.23
Sortino ratio (5Y)	0.26
Volume	3.4M
Weekly RSI	41.09
YTD price change	-25.7%
YTD total return	-25.7%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	382.2M
Float percentage	88.21%
Shares change (QoQ)	-0.67%
Shares change (YoY)	-0.7%
Shares held by insiders	5.07%
Shares held by institutions	82.29%
Shares outstanding	433.3M
Short % of float	4.12%
Short % of shares	3.63%
Short ratio	3.8 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	163

Deeper analysis on DASH

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this DASH report

What is the latest published DASH stock rating?

DoorDash Inc. is shown with Reduce in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full DASH analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/DASH/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for DASH?

The latest published report analyzed 2026-05-20 gives DASH a fair value of USD 143 and a potential value of USD 225. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the DASH page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceDASH · Fair value $143-12.2%

Read full analysis →

DoorDash Inc. (DASH)

Our latest published analysis: DASH rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · DASH

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All DASH indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on DASH

Frequently asked questions

レーティング履歴

Category	Score	Reading
Valuation	3.0
Management	6.3
Balance Sheet	6.0
Profitability	5.0
Revenue Growth	9.0
Risk Assessment	5.5
Competitive Moat	6.5
Earnings Quality	7.5
Capital Efficiency	3.5