DoorDash Stock vs Competition: Who Wins?
DoorDash‘s stock delivered strong returns over the past year, but how does it stack against peers navigating diverse tech landscapes? A closer look reveals robust revenue growth, solid free cash flow, but modest operating margins and a premium valuation, suggesting ongoing market confidence in its scaling platform strategy.
- DASH’s 5.5% operating margin, trailing AAPL’s 31.9%, reflects thin delivery model margins versus Apple’s high-profit products/services.
- DASH’s 24.5% revenue growth outpaces mature tech peers, driven by market expansion into new verticals and rising order frequency.
- DASH’s 36.4% gain and 114.8 PE imply high growth expectations, but IBM delivered stronger returns via strategic shifts in enterprise AI/cloud.
Here’s how DoorDash stacks up across size, valuation, and profitability versus key peers.
| DASH | HPQ | HPE | IBM | CSCO | AAPL | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 99.1 | 21.4 | 32.4 | 285.5 | 307.7 | 4,079.8 |
| Revenue ($ Bil) | 12.6 | 55.3 | 34.3 | 65.4 | 57.7 | 408.6 |
| PE Ratio | 114.8 | 8.4 | 569.0 | 36.1 | 29.8 | 41.1 |
| LTM Revenue Growth | 24.5% | 3.2% | 13.8% | 4.5% | 8.9% | 6.0% |
| LTM Operating Margin | 5.5% | 6.6% | 4.8% | 17.7% | 22.5% | 31.9% |
| LTM FCF Margin | 15.8% | 5.1% | 1.8% | 18.1% | 22.1% | 23.5% |
| 12M Market Return | 36.4% | -28.7% | 15.4% | 40.8% | 33.9% | 7.6% |
For more details on DoorDash, read Buy or Sell DASH Stock. Below we compare DASH’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DASH | 24.5% | – | 24.2% | 31.2% | 34.7% |
| HPQ | 3.2% | 3.2% | -0.3% | -14.6% | |
| HPE | 13.8% | 13.8% | 3.4% | 2.2% | |
| IBM | 4.5% | – | 1.4% | 2.2% | 5.5% |
| CSCO | 8.9% | 5.3% | -5.6% | 10.6% | |
| AAPL | 6.0% | – | 2.0% | -2.8% | 7.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DASH | 5.5% | – | -0.4% | -6.7% | -15.7% |
| HPQ | 6.6% | 6.6% | 7.8% | 7.9% | |
| HPE | 4.8% | 4.8% | 8.3% | 8.4% | |
| IBM | 17.7% | – | 16.1% | 15.9% | 13.5% |
| CSCO | 22.5% | 22.1% | 24.1% | 27.3% | |
| AAPL | 31.9% | – | 31.5% | 29.8% | 30.3% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DASH | 114.8 | – | 561.3 | -69.6 | -13.3 |
| HPQ | 8.4 | 12.2 | 10.6 | 8.2 | |
| HPE | 569.0 | 495.9 | 8.6 | 10.2 | |
| IBM | 36.1 | – | 33.6 | 19.9 | 77.5 |
| CSCO | 29.8 | 23.1 | 19.8 | 15.5 | |
| AAPL | 41.1 | – | 41.0 | 31.3 | 21.1 |
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