Dominos Pizza Inc (DPZ)
Consumer Discretionary · Restaurants · US stock · S&P 500 component
$317.70
▲ +6.55 (2.11%)
Fair valueUndervalued
$378 +19.1% to fair value
$189fair band $322–$459$568
Day's range
$310.59 – $318.37
52-week range
$282.00 – $442.35
Red flags⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity
About Dominos Pizza Inc
Domino's Pizza is a pizza restaurant company that sells through a network of franchised and a few company-owned stores around the world, offering delivery, carryout and online ordering. Most stores are run by independent franchisees. Revenue comes from royalties and fees paid by franchisees, sales of food and supplies from the company's distribution centers, and sales at the stores it owns directly.
The figures show revenue of $5.1 billion for the last twelve months and three-year growth of 2.9% a year. It reports an operating margin of 19.7%. Capital is used to generate a return on invested capital of 111%. Leverage, measured as net debt to EBITDA, is 4.3 times. The company pays a dividend with a yield of 2.4%. The site's X-Ray Score for the company is 64 out of 100.
Price chart
52-wk range $282.00 – $442.35Volume 658,762Daily, split-adjusted
Vitals
Market cap$10.5B
52-week range$282.00 – $442.35
Volume (last day)658,762
P/E (TTM)17.5
EBIT / EV yield6.6%
Free-cash-flow yield6.0%
Dividend yield2.4%
Revenue (TTM)$5.1B
Net income (TTM)$609M
Operating margin19.7%
Return on capital111.1%
Debt incl. leases$4.9B
Cash & securities$229M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$378middle half of models $356 – $402
Undervalued
+19.1% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $318
Undervalued < $322Fair $322 – $459Overvalued > $459
P/E multiple
$346
P/S multiple
$410
EV/EBITDA multiple
$387
EV/EBIT multiple
$457
EV/revenue multiple
$385
10-year DCF, EBITDA exit
$404
5-year DCF, EBITDA exit
$398
10-year DCF, revenue exit
$396
5-year DCF, revenue exit
$387
10-year DCF, growth exit
$349
5-year DCF, growth exit
$333
Dividend discount, stable
$245
Dividend discount, multi-stage
$375
Earnings power value
$424
Growth the price implies
5.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
66/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.6%
Free-cash-flow yield6.0%
Fair value vs price1.2×
Growth
Fair
57/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)2.9%
EPS growth (3y)11.9%
Growth consistency100%
Profitability
Strong
89/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital111.1%
Operating margin19.7%
Gross profitability114.8%
Financial health
Weak
36/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA4.3×
Interest cover5.0×
Dividends
Fair
67/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.4%
Dividends vs free cash flow40%
Dividend growth14.6%
Quarterly results: last 6 quarters
+4.3%
Jun '25
+6.2%
Sep '25
+6.4%
Dec '25
+3.5%
Mar '26
+4.3%
Jun '26
+3.4%
Sep '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B, diluted EPS $4.60.
Compare with peers
CMG Chipotle Mexican Grill...64 DRI Darden Restaurants Inc54 MCD Mcdonalds Corp53 YUM Yum Brands Inc48Other Restaurants companies by X-Ray Score.
SWOT analysis: Dominos Pizza Inc
Strengthsinside the company
- Return on invested capital is 111.1%, against a median of 30.6% for industry peers.
- Operating margin of 19.7% is well above the 14.7% median of industry peers, a sign of pricing power or lower costs.
- Free cash flow equals 6.0% of the market value, which funds dividends, buybacks or debt paydown.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Net debt is 4.3x EBITDA, above the 3x level that lenders usually watch.
Opportunitiesvaluation and setting
- Dividends use only 40% of free cash flow, which leaves room to raise them.
- The price is 19% below our fair value estimate, with the gap larger than the margin we allow for error.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
- Our checks raised: Negative equity; Negative equity.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare DPZ with peers and sector
Medians of 5 Restaurants peers and of 46 Consumer Discretionary stocks in our universe.
Largest peers (X-Ray Score): MCD 53, SBUX 31, YUM 48, CMG 64, DRI 54.
| Metric | DPZ | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 64 | 53 | 50 |
| Valuation | 66 | 50 | 48 |
| Growth | 57 | 55 | 50 |
| Profitability | 89 | 63 | 52 |
| Financial health | 36 | 38 | 50 |
| Dividends | 67 | 54 | 51 |
Sector leaders: highest X-Ray Score in Consumer Discretionary
DPZ ranks #6 of 47 in Consumer Discretionary and #2 of 6 in Restaurants by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for DPZ
Each factor is rated by where DPZ stands among the 47 Consumer Discretionary stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 8 Average · 5 Bad of 21
Growth: 1 · 1 · 1
Profitability: 2 · 2 · 0
Financial strength: 1 · 0 · 3
Valuation: 1 · 3 · 0
Cash flow: 2 · 1 · 1
Efficiency: 1 · 1 · 0
| Factor | DPZ | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +2.9% | Bad beats 21% | +6.5% | – | – |
| Revenue growth, last year | +5.0% | Average beats 51% | +4.9% | +5.0% | ≈ In line |
| EPS growth, 3 years a year | +11.9% | Good beats 68% | +4.0% | – | – |
| Profitability | |||||
| Gross margin | 40.0% | Average beats 47% | 42.5% | 38.7% | ≈ In line |
| Operating margin | 19.7% | Good beats 74% | 14.9% | 18.5% | ≈ In line |
| Net margin | 12.0% | Average beats 62% | 11.4% | 11.7% | ≈ In line |
| Return on invested capital | 111.1% | Good beats 96% | 24.6% | – | – |
| Financial strength | |||||
| Net debt / EBITDA | 4.3x | Bad beats 15% | 1.8x | 5.0x | ▲ Better |
| Interest cover | 5.0x | Bad beats 19% | 25.3x | 4.3x | ≈ In line |
| Current ratio | 0.49 | Bad beats 10% | 1.10 | 1.47 | ▼ Worse |
| Piotroski F-score | 8 / 9 | Good beats 92% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 17.3x | Good beats 68% | 21.1x | 27.6x | ▲ Better |
| Price / sales | 2.1x | Average beats 54% | 2.1x | 3.2x | ▲ Better |
| EV / EBITDA | 13.9x | Average beats 57% | 15.0x | 20.5x | ▲ Better |
| Free cash flow yield | 6.0% | Average beats 58% | 4.3% | 3.3% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 12.5% | Average beats 64% | 10.8% | 10.9% | ▲ Better |
| Cash from operations / net income | 1.25 | Bad beats 31% | 1.37 | 1.14 | ≈ In line |
| Free cash flow growth, 3 years a year | +20.1% | Good beats 67% | +12.1% | – | – |
| Accruals (lower is better) | −8.5% | Good beats 83% | −5.3% | – | – |
| Efficiency | |||||
| Inventory turnover | 33.9x | Good beats 89% | 4.2x | 37.5x | ≈ In line |
| Days sales outstanding | 21 days | Average beats 34% | 14 days | 23 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 2 Average · ● 5 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 61/100.
Financials
| FY22 | FY23 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $4.4B | $4.5B | $4.5B | $4.7B | $4.9B |
| Operating income | $780M | – | $820M | $879M | $954M |
| Net income | $510M | $452M | $519M | $584M | $602M |
| Operating cash flow | $654M | $475M | $591M | $625M | $792M |
| Operating margin | 17.9% | – | 18.3% | 18.7% | 19.3% |
| Free cash flow | $560M | $388M | $485M | $512M | $672M |
| Diluted EPS | $13.54 | $12.53 | $14.66 | $16.69 | $17.57 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Strongly bearish
2 bullish · 1 neutral · 9 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 307.5 | Bullish |
| EMA 10 | 308.8 | Bullish |
| SMA 20 | 303.2 | Bullish |
| EMA 20 | 307.3 | Bullish |
| SMA 50 | 316.8 | Bullish |
| EMA 50 | 313.0 | Bullish |
| SMA 100 | 318.2 | Bearish |
| EMA 100 | 321.8 | Bearish |
| SMA 200 | 342.0 | Bearish |
| EMA 200 | 341.4 | Bearish |
Oscillators (daily)
| RSI (14) | 57.12 | Neutral |
| MACD (12, 26) | -0.08 | Bearish |
| Momentum (12) | 4.90 | Bullish |
| Stochastic %K (14) | 98.12 | Bearish |
| Williams %R (14) | -1.88 | Bearish |
| CCI (20) | 140.5 | Bearish |
Pivot points (classic, last session)
S3 305.0 | S2 307.8 | S1 312.7 | Pivot 315.6 | R1 320.5 | R2 323.3 | R3 328.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.71 USD
Yield on today's price
2.43%
Frequency
Quarterly
Next ex-dividend date
15 Dec 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 1.9900 |
| 1.9900 | |
| 1.9900 | |
| 1.9900 | |
| 1.7400 | |
| 1.7400 | |
| 1.7400 | |
| 1.7400 | |
| 1.5100 | |
| 1.5100 | |
| 1.5100 | |
| 1.5100 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold DPZ
| ETF | Share of the fund |
|---|---|
| MOAT VanEck Morningstar Wide Moat | 1.15% |
| FQAL Fidelity Quality Factor | 0.70% |
| DON WisdomTree U.S. MidCap Dividend | 0.28% |
| VBK Vanguard Small-Cap Growth | 0.28% |
| XLY Consumer Discretionary Select Sector S... | 0.23% |
| FDIS Fidelity MSCI Consumer Discretionary I... | 0.23% |
| RSP Invesco S&P 500 Equal Weight | 0.21% |
| VCR Vanguard Consumer Discretionary | 0.19% |
The eight funds with the largest weight in DPZ among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
DPZ SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Other events
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.