DoorDash (DASH) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

DoorDash

NasdaqGS•Consumer Cyclical•Internet Retail

$183.32-6.75(-0.04%)After hours

Market Cap

$82.57B

P/E

77.7x

P/S

4.8x

P/B

7.7x

DoorDash, Inc., together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and dashers in the United States and internationally. The company operates DoorDash Marketplace, Wolt Marketplace, and Deliveroo Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers consumer membership programs, DashPass, Wolt+, and Deliveroo Plus; advertising as a value-added service through its marketplaces; and white-label delivery fulfillment services, as well as services that help merchants establish online ordering, build branded mobile apps, manage reservations and in-store dining, manage consumer relationships, enable tableside order and pay, and improve customer support. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was founded in 2013 and is headquartered in San Francisco, California.

How this company scores

ExcellentMetricSide Score: 81/100

Strongest: Cash & Earnings Quality (25/25); weakest: Profitability (12/25).

Profitability12/25

Growth23/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowRising earningsLow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 77.7x5y range 69.6x – 575.2x

Currently below its 8-quarter median.

P/S · 4.8x5y range 2.9x – 10.7x

Currently near its 20-quarter median.

P/B · 7.7x5y range 2.8x – 12.3x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 5.1% — watch for continued compression, which may signal competitive or cost pressure.

Share Dilution

Watch

Shares outstanding rose 4.1% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $82.57B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.06B
Q. Revenue: $4.62B
TTM EBITDA: $2.04B
TTM Op. Income: $896.00M
Q. Op. Income: $442.00M
TTM Net Income: $1.06B
Q. Net Income: $466.00M
EPS: $1.07
Shares Out.: $434.41M

$17.06B in TTM revenue grew 35.0% YoY, reaching $4.62B last quarter. TTM EBITDA of $2.04B and TTM operating income of $896.00M show growth is flowing through to the bottom line. TTM net income of $1.06B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.0%
EBITDA Margin: 16.3%
Op. Margin: 9.6%
Net Margin: 10.1%

Op. margin of 9.6% is up 2.1% YoY — cost efficiency is improving. Net margin at 10.1% and gross margin of 53.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 28% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 77.7x
P/S Ratio: 4.8x
P/B Ratio: 7.7x

At 77.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.8x and P/B of 7.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 43% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $20.58B
Cash: $5.05B
Long-Term Debt: $2.73B
Book Value: $10.72B
D/E Ratio: 0.3
Debt/EBITDA: 3.6

With $20.58B in assets and $2.73B in long-term debt, D/E is 0.3and book value is $10.72B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 11% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $994.00M
TTM Free Cash Flow: $2.69B
FCF Margin: 15.8%
FCF / Net Income: 2.5

TTM FCF of $2.69B on $994.00M in operating cash flow. The FCF / Net Income ratio of 2.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.