DoorDash, Inc. (DASH) Stock Analysis

Analysis from 10-Q filed 2025-11-06. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 5.5%. FCF margin 16.3%. D/E 0.3x. Source: 10-Q filed 2025-11-06.

Metric	Value	Context
ROIC	5.5%	Below expectations
FCF Margin	16.3%	Strong cash generation
Debt/Equity	0.3x	Conservative leverage

ROIC 5.5% — Top 50% of sector peers. FCF margin 16.3% — Top 50%.

Explore DoorDash, Inc.: Earnings History | Filings

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for DASH: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: DoorDash, Inc. earns 5.5% ROIC, Top 50% in Technology

ROIC TTM 5.5%, sector median 3.9%, Top 50%. DuPont: NOPAT margin 4.3% × asset turnover 0.8x. Gross margin 51.4%. Operating margin 4.5%. Source: 10-Q filed 2025-11-06.

Metric	DASH	Rating	Context
Return on Invested Capital (ROIC)	5.5%	Warning	Above sector median of 3.9%
Return on Equity (ROE)	8.6%	Adequate	Moderate equity returns
Gross Margin	51.4%	Excellent	Strong pricing power
Operating Margin	4.5%	Warning	Moderate operational efficiency

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Cash Flow: DoorDash, Inc. generates $2.6B FCF at 16.3% margin, positive NaN/8 quarters

FCF TTM $2.6B. FCF margin 16.3%, Top 50%. OCF/Net income 3.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-06.

Metric	DASH	Rating	Context
Free Cash Flow Margin	16.3%	Good	Excellent cash conversion
Free Cash Flow (TTM)	$2.6B	Good	Positive cash generation
OCF/Net Income	3.4x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: DoorDash, Inc. at 0.3x leverage

Debt/Equity 0.3x. Net cash $2.6B. Source: 10-Q filed 2025-11-06.

Metric	DASH	Rating	Context
Debt to Equity	0.3x	Excellent	Conservative capital structure
Net Cash Position	$2.6B	Excellent	Net cash positive

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Valuation: DoorDash, Inc. trades at 95.0x earnings

P/E 95.0x. EV/Sales -0.2x. FCF yield 3.2%. Source: 10-Q filed 2025-11-06.

Metric	DASH	Rating	Context
P/E Ratio	95.0x	Warning	Premium valuation
EV/Sales	-0.2x	Excellent	Attractive revenue multiple
FCF Yield	3.2%	Adequate	Lower cash yield

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Capital Allocation: DoorDash, Inc. returns 1.3% shareholder yield

Total shareholder yield 1.3% (buyback 1.3%). Capital returned $1.0B TTM. Source: 10-Q filed 2025-11-06.

Metric	DASH	Rating	Context
Total Shareholder Yield	1.3%	Adequate	Dividend + buyback yield combined
Buyback Yield	1.3%	Adequate	Minimal buyback activity
Total Capital Returned (TTM)	$1.0B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	5.5%	Top 50%	1.4x above
Free Cash Flow Margin	16.3%	Top 50%	1.9x above
Gross Margin	51.4%	Top 50%	1.0x above
Operating Margin	4.5%	Bottom 50%	1.0x below
Return on Equity (ROE)	8.6%	Top 50%	1.7x above
P/E Ratio	95.0x	N/A	-

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Financial Scorecard

Metric	DASH	Rating	Sector Context
Return on Invested Capital (ROIC)	5.5%	Warning	Top 50% of sector (median: 3.9%)
Free Cash Flow Margin	16.3%	Good	Top 50% of sector (median: 8.4%)
Gross Margin	51.4%	Excellent	Top 50% of sector (median: 50.7%)
Debt to Equity Ratio	27.5%	Excellent	Conservative capital structure
P/E Ratio (Price-to-Earnings)	95.0x	Warning	High expectations priced in
Free Cash Flow Yield	3.2%	Adequate	Moderate yield

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Frequently Asked Questions

Q: What is DoorDash, Inc.'s Return on Invested Capital (ROIC)?

DoorDash, Inc. (DASH) has a trailing twelve-month Return on Invested Capital (ROIC) of 5.5%. Sector median 3.9%. Source: 10-Q filed 2025-11-06.

Q: What is DoorDash, Inc.'s Free Cash Flow Margin?

DoorDash, Inc. (DASH) has a free cash flow margin of 16.3%, generating $2.6 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-06.

Q: What is DoorDash, Inc.'s P/E ratio and how does it compare to peers?

DoorDash, Inc. (DASH) trades at a P/E ratio of 95.0x, which is above the sector median of N/A. EV/Sales -0.2x. FCF yield 3.2%. Source: 10-Q filed 2025-11-06.

Q: What is DoorDash, Inc.'s revenue and earnings growth?

DoorDash, Inc. (DASH) grew revenue by 33.6% year-over-year. EPS +9.3% YoY. Source: 10-Q filed 2025-11-06.

Q: Is DoorDash, Inc. buying back stock?

DoorDash, Inc. (DASH) repurchased $1.0 billion of stock over the trailing twelve months. This represents a buyback yield of 1.3%. Source: 10-Q filed 2025-11-06.

Q: How does DoorDash, Inc. compare to competitors in Technology?

Compared to other companies in Technology, DoorDash, Inc. (DASH) shows: ROIC 5.5%, sector median 3.9% (Top 50%). FCF margin 16.3%, sector median 8.4% (Top 50%). Gross margin 51.4%, 0.7pp above sector median. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.

Q: What warning signs should I watch for with DoorDash, Inc.?

No quantitative warning flags fired for DoorDash, Inc. (DASH) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2025-11-06.

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Data Source: Data sourced from 10-Q filed 2025-11-06. TTM metrics as of Q2 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.