DoorDash, Inc. (DASH) Key Metrics
DASH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $81.96B
- Enterprise value
- $79.97B
- P/E (TTM)
- 99.6
- Forward P/E
- 38.0
- PEG ratio
- 1.05
- Price / sales
- 5.2 10-yr median 7.0
- Price / book
- 8.3 10-yr median 9.4
- EV / EBITDA
- 45.4
- Dividend yield
- —
- Beta
- 1.89
DASH key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDASH valuation Price multiples at each fiscal year-end price.
DASH returns How much profit the business earns on the capital it uses.
DASH per-share figures Results divided by the shares outstanding at year-end.
DASH financial health Debt, liquidity and how easily interest is covered.
DASH efficiency & capital use Working capital cycle and where the cash goes.
DASH valuation history
DASH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DASH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DASH cash returned to shareholders
DASH price vs earnings per share
DASH key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $99.58B | $72.17B | $38.86B | $18.13B | $50.16B | $44.53B | — | — |
| Enterprise value | $97.36B | $67.37B | $35.30B | $15.12B | $46.80B | $40.29B | — | — |
| P/E ratio | 106.5 | 586.8 | — | — | — | — | — | — |
| Price / sales | 7.3 | 6.7 | 4.5 | 2.8 | 10.3 | 15.4 | — | — |
| Price / book | 9.9 | 9.2 | 5.7 | 2.7 | 10.7 | 9.5 | — | — |
| Price / free cash flow | 45.8 | 40.1 | 28.8 | 863.4 | 110.2 | 478.8 | — | — |
| Price / operating cash flow | 41.0 | 33.9 | 23.2 | 49.4 | 72.5 | 176.7 | — | — |
| EV / sales | 7.1 | 6.3 | 4.1 | 2.3 | 9.6 | 14.0 | — | — |
| EV / EBITDA | 57.6 | 94.0 | — | — | — | — | — | — |
| EV / free cash flow | 44.8 | 37.4 | 26.2 | 720.1 | 102.9 | 433.2 | — | — |
| Earnings yield | 0.9% | 0.2% | −1.4% | −7.5% | −0.9% | −1.0% | — | — |
| Free cash flow yield | 2.2% | 2.5% | 3.5% | 0.1% | 0.9% | 0.2% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.3% | 1.9% | 2.2% | 0.0% | 0.0% | — | — |
| Share price at fiscal year-end | $226.48 | $167.75 | $98.89 | $48.82 | $148.90 | $142.75 | — | — |
| Per share | ||||||||
| Revenue per share | $31.20 | $24.92 | $21.97 | $17.72 | $14.51 | $9.25 | — | — |
| Earnings per share | $2.13 | $0.29 | −$1.42 | −$3.68 | −$1.39 | −$1.48 | — | — |
| Operating cash flow per share | $5.53 | $4.96 | $4.26 | $0.99 | $2.05 | $0.81 | — | — |
| Free cash flow per share | $4.94 | $4.19 | $3.43 | $0.06 | $1.35 | $0.30 | — | — |
| Cash per share | $12.52 | $12.41 | $10.38 | $9.48 | $11.15 | $15.58 | — | — |
| Book value per share | $22.82 | $18.14 | $17.34 | $18.18 | $13.85 | $15.07 | — | — |
| Tangible book value per share | $5.13 | $11.57 | $9.47 | $9.74 | $12.74 | $13.82 | — | — |
| Capex per share | $0.58 | $0.77 | $0.82 | $0.93 | $0.70 | $0.51 | — | — |
| Debt per share | $7.48 | $1.25 | $1.33 | $1.38 | $1.18 | $1.98 | — | — |
| Shares outstanding | 439.7M | 430.2M | 392.9M | 371.4M | 336.8M | 311.9M | — | — |
| Change in shares outstanding | +2.2% | +9.5% | +5.8% | +10.3% | +8.0% | — | — | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 10.5% | 1.7% | −8.2% | −23.9% | −10.0% | −15.7% | −77.1% | −37.2% |
| Return on invested capital (ROIC) | 13.3% | −0.9% | −13.1% | −35.1% | −40.4% | −65.1% | −139.8% | −174.6% |
| Return on assets (ROA) | 5.8% | 1.0% | −5.4% | −16.4% | −7.1% | −11.4% | −55.2% | −29.9% |
| Return on tangible assets | 7.9% | 1.2% | −7.2% | −20.5% | −7.3% | −7.7% | −50.4% | −29.9% |
| Free cash flow margin | 15.8% | 16.8% | 15.6% | 0.3% | 9.3% | 3.2% | −63.2% | −60.1% |
| Income quality (OCF / net income) | 2.60 | 17.33 | — | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $3.29B | $536.0M | $522.0M | $511.0M | $399.0M | $617.0M | $184.0M | $16.0M |
| Cash & short-term investments | $5.51B | $5.34B | $4.08B | $3.52B | $3.76B | $4.86B | $765.0M | $470.0M |
| Net debt | −$2.22B | −$4.80B | −$3.56B | −$3.01B | −$3.36B | −$4.24B | −$581.0M | −$454.0M |
| Debt / equity | 0.33 | 0.07 | 0.08 | 0.08 | 0.09 | 0.13 | 0.16 | 0.03 |
| Debt / assets | 0.17 | 0.04 | 0.05 | 0.05 | 0.06 | 0.10 | 0.11 | 0.02 |
| Net debt / EBITDA | −1.31 | −6.70 | — | — | — | — | — | — |
| Current ratio | 1.41 | 1.66 | 1.64 | 1.86 | 2.59 | 3.94 | 2.61 | 5.17 |
| Quick ratio | 1.41 | 1.66 | 1.54 | 1.68 | 2.59 | 3.94 | 2.48 | 5.17 |
| Interest coverage | — | — | -3.8 | -562.0 | -32.3 | -13.6 | -34.2 | -210.0 |
| Working capital | $2.50B | $2.95B | $2.19B | $2.18B | $2.81B | $4.12B | $616.0M | $459.0M |
| Invested capital | $7.82B | $3.00B | $3.26B | $3.74B | $1.31B | $458.0M | $601.0M | $95.0M |
| Tangible asset value | $2.27B | $4.99B | $3.72B | $3.63B | $4.29B | $4.31B | $773.0M | $549.0M |
| Net current asset value | −$970.0M | $2.35B | $1.57B | $1.70B | $2.42B | $3.86B | $448.0M | $435.0M |
| Graham number | $33.04 | $10.80 | — | — | — | — | — | — |
| Graham net-net per share | −$6.97 | $2.22 | $1.60 | $2.75 | $5.57 | $10.98 | — | — |
| Capital allocation | ||||||||
| Share buybacks (net) | $0 | $224.0M | $750.0M | $400.0M | $0 | $0 | $0 | $60.0M |
| Dividends + buybacks / free cash flow | 0.0% | 12.4% | 55.6% | — | 0.0% | 0.0% | — | — |
| Capex / revenue | 1.9% | 3.1% | 3.8% | 5.3% | 4.8% | 5.5% | 10.4% | 5.5% |
| Capex / operating cash flow | 10.6% | 15.5% | 19.4% | 94.3% | 34.2% | 63.1% | — | — |
| Capex / depreciation | 0.34 | 0.59 | 0.64 | 0.94 | 1.52 | 1.32 | 2.88 | 1.78 |
| Stock-based compensation / revenue | 7.7% | 10.2% | 12.6% | 13.5% | 9.9% | 11.2% | 2.0% | 8.2% |
| R&D / revenue | 10.4% | 10.9% | 11.6% | 12.6% | 8.8% | 11.1% | 12.1% | 17.5% |
| SG&A / revenue | 29.7% | 32.5% | 36.0% | 43.0% | 49.4% | 52.4% | 94.8% | 73.2% |
| Efficiency | ||||||||
| Days sales outstanding | 30.0 | 23.8 | 19.7 | 20.8 | 23.9 | 22.1 | 15.9 | 23.8 |
| Days of inventory on hand | — | — | 31.7 | 44.9 | — | — | 34.9 | — |
| Days payables outstanding | 19.4 | 17.7 | 14.8 | 16.2 | 18.8 | 13.3 | 19.2 | 56.0 |
| Cash conversion cycle (days) | 10.5 | 6.1 | 36.6 | 49.5 | 5.1 | 8.7 | 31.6 | -32.2 |
| Receivables turnover | 12.18 | 15.34 | 18.51 | 17.58 | 15.28 | 16.54 | 22.99 | 15.32 |
| Payables turnover | 18.77 | 20.64 | 24.61 | 22.57 | 19.40 | 27.36 | 19.02 | 6.51 |
| Inventory turnover | — | — | 11.52 | 8.14 | — | — | 10.46 | — |
| Asset turnover | 0.84 | 0.91 | 0.84 | 0.79 | 0.74 | 0.71 | 0.73 | 0.43 |
| Average receivables | $1.13B | $699.0M | $466.5M | $374.5M | $320.0M | $174.5M | $38.5M | $19.0M |
| Average payables | $359.0M | $268.5M | $186.5M | $159.0M | $120.5M | $50.0M | $27.5M | $35.0M |
| Average inventory | — | — | $398.5M | $441.0M | — | — | $50.0M | — |
| Intangibles / total assets | 39.6% | 22.0% | 28.5% | 32.0% | 5.5% | 6.1% | 23.6% | 0.0% |
Computed from DASH's annual financial statements (latest annual report filed February 18, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DASH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), DoorDash traded at 106.5 times earnings. Based on the latest twelve months, the trailing P/E is 99.6 and the forward P/E is 38.0. DoorDash earned a return on equity of 10.5% and a return on invested capital of 13.3% in fiscal 2025. It ended the year with $3.3 billion of debt and $5.5 billion in cash and short-term investments, a net cash position of $2.2 billion.
See the DASH income statement, the DASH chart for price history, or the DASH stock overview for the latest quote and news.
DASH key metrics FAQ
What is DoorDash's P/E ratio?
DoorDash's trailing P/E ratio is 99.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 38.0. At the end of fiscal 2025 it was 106.5.
What is DoorDash's EV/EBITDA?
DoorDash's enterprise value was 57.6 times EBITDA at the end of fiscal 2025 (enterprise value $97.4 billion, EBITDA $1.7 billion); the current EV/EBITDA is 45.4.
What is DoorDash's return on equity?
DoorDash's return on equity (ROE) was 10.5% in fiscal 2025: net income of $935.0 million on average shareholders' equity of $8.9 billion.
What is DoorDash's ROIC?
DoorDash's return on invested capital was 13.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does DoorDash have?
DoorDash had total debt of $3.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.33 and more cash than debt.
What is DoorDash's free cash flow yield?
DoorDash generated $2.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.2% on its market value at year-end ($99.6 billion).
What is DoorDash's current ratio?
DoorDash's current ratio was 1.41 at the end of fiscal 2025: current assets were 1.41 times current liabilities.