Tearsheet

DoorDash (DASH)


Market Price (9/13/2025): $257.98 | Market Cap: $109.7 Bil
Sector: Consumer Discretionary | Industry: Specialized Consumer Services

DoorDash (DASH)


Market Price (9/13/2025): $257.98
Market Cap: $109.7 Bil
Sector: Consumer Discretionary
Industry: Specialized Consumer Services

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%
Expensive valuation multiples
P/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
1 Attractive cash flow generation
CFO/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 negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8%
2 Low stock price volatility
Vol 12M is 38%
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
1 Attractive cash flow generation
CFO/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
2 Low stock price volatility
Vol 12M is 38%
3 Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%
4 Expensive valuation multiples
P/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
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.8%

Market Valuation

 9/13/252024202320222021
Share Price CYE$257.98$167.75$98.89$48.82$148.90
Market Cap CYE ($ Bil)109.770.039.518.951.3
Total Debt ($ Bil)3.30.50.50.50.4
Total Cash ($ Bil)5.05.34.13.53.8
Enterprise Value ($ Bil)107.970.540.019.451.7
Valuation Ratios     
P/S TTM9.26.44.52.810.3
P/EBIT TTM202.0-1816.8-67.3-17.6-111.0
P/E TTM140.4561.3-69.6-13.3-107.2
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.46.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/13/2520242023
Share Price CYE$257.98$167.75$98.89
Market Cap CYE ($ Bil)109.770.039.5
Total Debt ($ Bil)3.30.50.5
Total Cash ($ Bil)5.05.34.1
Enterprise Value ($ Bil)107.970.540.0
Valuation Ratios   
P/S TTM9.26.44.5
P/EBIT TTM202.0-1816.8-67.3
P/E TTM140.4561.3-69.6
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.46.97.0
P/E TTM (Sector)9.78.18.9

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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
DASH Return-4%-67%103%70%55%73%
Peers Return30%1%-45%62%40%45%138%
S&P 500 Return16%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

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for DoorDash

Financials

DASHUBERLYFTTPBSCIMedian
NameDoorDash Uber Tec.Lyft Turning .Service . 
Mkt Price257.9895.8918.62102.3480.0995.89
Mkt Cap109.7200.57.81.811.411.4
Rev LTM11,89547,3316,1113784,2476,111
Op Inc LTM5434,509-5588969543
FCF LTM1,7138,54099352604993
FCF 3Y Avg1,3425,01233656496496
CFO LTM2,1888,7891,048601,0051,048
CFO 3Y Avg1,7225,26644162881881

Growth & Margins

DASHUBERLYFTTPBSCIMedian
NameDoorDash Uber Tec.Lyft Turning .Service . 
Rev Chg LTM23.8%18.2%19.9%28.3%2.6%19.9%
Rev Chg 3Y Avg28.4%23.2%18.2%-1.1%0.6%18.2%
Rev Chg Q24.9%18.2%10.6%25.1%3.0%18.2%
QoQ Delta Rev Chg LTM5.8%4.3%2.6%6.6%0.7%4.3%
Op Mgn LTM4.6%9.5%-0.9%23.4%22.8%9.5%
Op Mgn 3Y Avg-4.3%4.3%-11.4%25.3%21.8%4.3%
QoQ Delta Op Mgn LTM3.0%1.0%0.5%-0.6%-0.1%0.5%
CFO/Rev LTM18.4%18.6%17.2%15.9%23.7%18.4%
CFO/Rev 3Y Avg17.3%12.3%7.2%19.0%21.2%17.3%
FCF/Rev LTM14.4%18.0%16.2%13.8%14.2%14.4%
FCF/Rev 3Y Avg13.4%11.6%5.0%17.2%11.9%11.9%

Valuation

DASHUBERLYFTTPBSCIMedian
NameDoorDash Uber Tec.Lyft Turning .Service . 
Mkt Cap109.7200.57.81.811.411.4
P/S9.24.21.34.82.74.2
P/EBIT202.028.563.220.611.828.5
P/E140.415.984.342.021.242.0
P/CFO50.122.87.430.511.322.8
Total Yield0.7%6.3%1.2%2.7%4.7%2.7%
Dividend Yield0.0%0.0%0.0%0.3%0.0%0.0%
FCF Yield 3Y Avg2.5%3.2%4.0%9.0%4.7%4.0%
D/E0.00.10.10.20.40.1
Net D/E-0.00.0-0.10.10.40.0

Returns

DASHUBERLYFTTPBSCIMedian
NameDoorDash Uber Tec.Lyft Turning .Service . 
1M Rtn1.5%5.6%27.7%2.5%-2.4%2.5%
3M Rtn17.8%14.2%26.0%35.7%2.1%17.8%
6M Rtn40.6%34.0%56.2%76.3%2.4%40.6%
12M Rtn98.2%40.8%60.2%161.9%1.7%60.2%
3Y Rtn315.6%206.2%10.3%358.8%35.3%206.2%
1M Excs Rtn-0.3%3.8%25.9%0.7%-4.2%0.7%
3M Excs Rtn10.2%3.1%11.7%26.6%-9.0%10.2%
6M Excs Rtn25.4%18.7%46.0%60.9%-16.5%25.4%
12M Excs Rtn85.2%19.2%45.4%142.4%-17.1%45.4%
3Y Excs Rtn270.9%153.9%-38.7%281.6%-31.9%153.9%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment8,6356,583 2,886885
Marketplaces and Platform Services  4,888  
Total8,6356,5834,8882,886885


Operating Income by Segment
$ Mil20242023202220212020
Single Segment-579-1,124   
Total-579-1,124   


Net Income by Segment
$ Mil20242023202220212020
Single Segment-558-1,365   
Total-558-1,365   


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity13,342,835
Short Interest: % Change Since 815202510.1%
Average Daily Volume2,928,861
Days-to-Cover Short Interest4.56
Basic Shares Quantity425,113,000
Short % of Basic Shares3.1%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/20255.0%-1.5%-4.4%
5/6/2025-7.4%-6.5%7.2%
2/11/20254.0%10.4%-7.7%
10/30/20240.9%9.3%16.3%
8/1/20248.3%15.3%19.0%
5/1/2024-10.3%-11.3%-13.6%
2/15/2024-8.1%-3.6%2.6%
11/1/202315.7%15.0%27.2%
...
SUMMARY STATS   
# Positive12910
# Negative7109
Median Positive6.7%15.0%12.4%
Median Negative-7.4%-5.4%-11.3%
Max Positive22.1%24.9%37.5%
Max Negative-10.3%-17.6%-28.4%

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Lee Gordon SCHIEF ACCOUNTING OFFICER8292025Sell248.371,846458,49122,128,774Form
1Yandell KeithCHIEF BUSINESS OFFICER8272025Sell243.3820048,67723,986,565Form
2Sherringham TiaGENERAL COUNSEL AND SECRETARY8262025Sell244.0230073,20529,231,284Form
3Xu TonyCHIEF EXECUTIVE OFFICER8222025Sell238.10282,99267,379,82956,538,275Form
4Sherringham TiaGENERAL COUNSEL AND SECRETARY8222025Sell238.109,1522,179,07328,657,951Form