DoorDash (DASH)
Market Price (9/13/2025): $257.98 | Market Cap: $109.7 BilSector: Consumer Discretionary | Industry: Specialized Consumer Services
DoorDash (DASH)
Market Price (9/13/2025): $257.98Market Cap: $109.7 BilSector: Consumer DiscretionaryIndustry: Specialized Consumer Services
Investment Highlights
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% | Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% | Expensive valuation multiplesP/SPrice/Sales ratio is 9.2x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 202x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x, P/EPrice/Earnings or Price/(Net Income) is 140x |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 2.2 Bil | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8% | |
Low stock price volatilityVol 12M is 38% |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%, CFO LTM is 2.2 Bil |
Low stock price volatilityVol 12M is 38% |
Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% |
Expensive valuation multiplesP/SPrice/Sales ratio is 9.2x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 202x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x, P/EPrice/Earnings or Price/(Net Income) is 140x |
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8% |
Market Valuation
9/13/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $257.98 | $167.75 | $98.89 | $48.82 | $148.90 |
Market Cap CYE ($ Bil) | 109.7 | 70.0 | 39.5 | 18.9 | 51.3 |
Total Debt ($ Bil) | 3.3 | 0.5 | 0.5 | 0.5 | 0.4 |
Total Cash ($ Bil) | 5.0 | 5.3 | 4.1 | 3.5 | 3.8 |
Enterprise Value ($ Bil) | 107.9 | 70.5 | 40.0 | 19.4 | 51.7 |
Valuation Ratios | |||||
P/S TTM | 9.2 | 6.4 | 4.5 | 2.8 | 10.3 |
P/EBIT TTM | 202.0 | -1816.8 | -67.3 | -17.6 | -111.0 |
P/E TTM | 140.4 | 561.3 | -69.6 | -13.3 | -107.2 |
Sector Ratios | |||||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 | 0.8 | 1.3 |
P/EBIT TTM (Sector) | 7.4 | 6.9 | 7.0 | 5.5 | 7.4 |
P/E TTM (Sector) | 9.7 | 8.1 | 8.9 | 7.3 | 9.2 |
9/13/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $257.98 | $167.75 | $98.89 |
Market Cap CYE ($ Bil) | 109.7 | 70.0 | 39.5 |
Total Debt ($ Bil) | 3.3 | 0.5 | 0.5 |
Total Cash ($ Bil) | 5.0 | 5.3 | 4.1 |
Enterprise Value ($ Bil) | 107.9 | 70.5 | 40.0 |
Valuation Ratios | |||
P/S TTM | 9.2 | 6.4 | 4.5 |
P/EBIT TTM | 202.0 | -1816.8 | -67.3 |
P/E TTM | 140.4 | 561.3 | -69.6 |
Sector Ratios | |||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 |
P/EBIT TTM (Sector) | 7.4 | 6.9 | 7.0 |
P/E TTM (Sector) | 9.7 | 8.1 | 8.9 |
Business Description
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
DASH Return | - | 4% | -67% | 103% | 70% | 55% | 73% |
Peers Return | 30% | 1% | -45% | 62% | 40% | 45% | 138% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 101% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: UBER, LYFT, TPB, DASH, SCI. See DASH Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for DoorDash
Financials
Median | |
---|---|
Name | |
Mkt Price | 95.89 |
Mkt Cap | 11.4 |
Rev LTM | 6,111 |
Op Inc LTM | 543 |
FCF LTM | 993 |
FCF 3Y Avg | 496 |
CFO LTM | 1,048 |
CFO 3Y Avg | 881 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 19.9% |
Rev Chg 3Y Avg | 18.2% |
Rev Chg Q | 18.2% |
QoQ Delta Rev Chg LTM | 4.3% |
Op Mgn LTM | 9.5% |
Op Mgn 3Y Avg | 4.3% |
QoQ Delta Op Mgn LTM | 0.5% |
CFO/Rev LTM | 18.4% |
CFO/Rev 3Y Avg | 17.3% |
FCF/Rev LTM | 14.4% |
FCF/Rev 3Y Avg | 11.9% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 11.4 |
P/S | 4.2 |
P/EBIT | 28.5 |
P/E | 42.0 |
P/CFO | 22.8 |
Total Yield | 2.7% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 4.0% |
D/E | 0.1 |
Net D/E | 0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 2.5% |
3M Rtn | 17.8% |
6M Rtn | 40.6% |
12M Rtn | 60.2% |
3Y Rtn | 206.2% |
1M Excs Rtn | 0.7% |
3M Excs Rtn | 10.2% |
6M Excs Rtn | 25.4% |
12M Excs Rtn | 45.4% |
3Y Excs Rtn | 153.9% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Single Segment | 8,635 | 6,583 | 2,886 | 885 | |
Marketplaces and Platform Services | 4,888 | ||||
Total | 8,635 | 6,583 | 4,888 | 2,886 | 885 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Single Segment | -579 | -1,124 | |||
Total | -579 | -1,124 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Single Segment | -558 | -1,365 | |||
Total | -558 | -1,365 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/6/2025 | 5.0% | -1.5% | -4.4% |
5/6/2025 | -7.4% | -6.5% | 7.2% |
2/11/2025 | 4.0% | 10.4% | -7.7% |
10/30/2024 | 0.9% | 9.3% | 16.3% |
8/1/2024 | 8.3% | 15.3% | 19.0% |
5/1/2024 | -10.3% | -11.3% | -13.6% |
2/15/2024 | -8.1% | -3.6% | 2.6% |
11/1/2023 | 15.7% | 15.0% | 27.2% |
... | |||
SUMMARY STATS | |||
# Positive | 12 | 9 | 10 |
# Negative | 7 | 10 | 9 |
Median Positive | 6.7% | 15.0% | 12.4% |
Median Negative | -7.4% | -5.4% | -11.3% |
Max Positive | 22.1% | 24.9% | 37.5% |
Max Negative | -10.3% | -17.6% | -28.4% |
SEC Filings
Expand for MoreReport Date | Filing |
---|---|
6302025 | 10-Q 6/30/2025 |
3312025 | 10-Q 3/31/2025 |
12312024 | 10-K 12/31/2024 |
9302024 | 10-Q 9/30/2024 |
6302024 | 10-Q 6/30/2024 |
3312024 | 10-Q 3/31/2024 |
12312023 | 10-K 12/31/2023 |
9302023 | 10-Q 9/30/2023 |
6302023 | 10-Q 6/30/2023 |
3312023 | 10-Q 3/31/2023 |
12312022 | 10-K 12/31/2022 |
9302022 | 10-Q 9/30/2022 |
6302022 | 10-Q 6/30/2022 |
3312022 | 10-Q 3/31/2022 |
12312021 | 10-K 12/31/2021 |
9302021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Lee Gordon S | CHIEF ACCOUNTING OFFICER | 8292025 | Sell | 248.37 | 1,846 | 458,491 | 22,128,774 | Form |
1 | Yandell Keith | CHIEF BUSINESS OFFICER | 8272025 | Sell | 243.38 | 200 | 48,677 | 23,986,565 | Form |
2 | Sherringham Tia | GENERAL COUNSEL AND SECRETARY | 8262025 | Sell | 244.02 | 300 | 73,205 | 29,231,284 | Form |
3 | Xu Tony | CHIEF EXECUTIVE OFFICER | 8222025 | Sell | 238.10 | 282,992 | 67,379,829 | 56,538,275 | Form |
4 | Sherringham Tia | GENERAL COUNSEL AND SECRETARY | 8222025 | Sell | 238.10 | 9,152 | 2,179,073 | 28,657,951 | Form |
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