Domino's Pizza, Inc.
- Open
- 300.10
- Day high
- 305.23
- Day low
- 297.75
- Prev close
- 296.04
- Volume
- 280K
- Mkt cap
- $10.1B
- P/E (TTM)
- 17.4
- EPS (TTM)
- $17.47
- P/B
- -2.6
- P/S
- 2.0
- Yield
- 2.46%
- Per share
- $7.46
- ▼Insiders net selling -$467K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Domino's Pizza, Inc. (DPZ) is a Consumer Cyclical company listed on NASDAQ. The stock is down 35% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Domino's Pizza, Inc. (DPZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 14 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DPZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $4.29 | $4.13 | -3.7% | $1.2B | -1.0% |
| Oct 14, 2025 | $3.96 | $4.08 | +3.0% | $1.1B | -24.7% |
| Jul 21, 2025 | $3.93 | $3.81 | -3.1% | $1.1B | +0.2% |
| Oct 10, 2024 | $3.65 | $4.19 | +14.8% | $1.1B | -27.2% |
| Jul 18, 2024 | $3.68 | $4.03 | +9.5% | $1.1B | -0.5% |
| Feb 26, 2024 | $4.38 | $4.48 | +2.3% | $1.4B | -1.4% |
| Oct 12, 2023 | $3.30 | $4.18 | +26.7% | $1.0B | -2.4% |
| Jul 24, 2023 | $3.05 | $3.08 | +1.0% | $1.0B | -4.5% |
| Feb 23, 2023 | $3.94 | $3.97 | +0.8% | $1.4B | -3.2% |
| Oct 13, 2022 | $2.97 | $2.79 | -6.1% | $1.1B | +0.2% |
| Jul 21, 2022 | $2.91 | $2.82 | -3.1% | $1.1B | +1.5% |
| Apr 28, 2022 | $3.06 | $2.50 | -18.3% | $1.0B | -1.6% |
DPZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Sell | 487 | $311.74 |
| Jun 12, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Option | 487 | $136.89 |
| May 26, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Sell | 488 | $313.16 |
| May 26, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Option | 488 | $136.89 |
| May 4, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Sell | 488 | $332.31 |
| May 4, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Option | 488 | $136.89 |
| Apr 23, 2026 | BALSON ANDREWdirector | Grant | 515 | — |
| Apr 23, 2026 | Kramer Stephen Howarddirector | Grant | 515 | — |
| Apr 23, 2026 | Cafritz Diane Ldirector | Grant | 515 | — |
| Apr 23, 2026 | LOPEZ PATRICIA Edirector | Grant | 515 | — |
| Apr 23, 2026 | FEDERICO RICHARD Ldirector | Grant | 515 | — |
| Apr 23, 2026 | BRANDON DAVIDdirector, other: Executive Chairman | Grant | 515 | — |
| Apr 23, 2026 | Barry Corie Sdirector | Grant | 515 | — |
| Mar 16, 2026 | GARCIA KELLY Eofficer: EVP, Chief Tech & Data Ofcr | Tax | 152 | $395.98 |
| Mar 16, 2026 | HEADEN CYNTHIA Aofficer: EVP, Chief Supply Chain Offr | Tax | 105 | $395.98 |
Source: DPZ SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full DPZ insider & 13F page →Domino's Pizza, Inc. company profile
Overview
Domino's Pizza, Inc. (NYSE:DPZ) is a multinational pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company went public in 2004 and has grown to become one of the world's largest pizza delivery companies, operating approximately 20,000 stores across 90 international markets. Domino's operates primarily through a franchise model, with the majority of its locations owned and operated by independent franchisees rather than company-owned stores.
Business
Domino's operates in the quick service restaurant (QSR) industry, specifically focusing on pizza delivery and carryout services. The pizza delivery industry represents a significant segment of the broader food service market, where customers order prepared food for delivery to their location or pickup from the store. The company operates through three primary business segments. The U.S. Stores segment generates revenue from franchise fees, royalties, and supply chain operations serving domestic franchisees, representing the largest portion of corporate revenues. The International Franchise segment collects royalties and fees from franchise operations in 89 international markets, contributing a smaller but growing revenue share. The Supply Chain segment operates food processing and distribution centers that supply ingredients and materials to both company-owned and franchised stores, generating revenue through product sales to franchisees. Beyond traditional pizza offerings, Domino's menu includes oven-baked sandwiches, pasta dishes, boneless chicken and chicken wings, bread and dip side items, desserts, and soft drinks. The company has recently expanded its menu with items like New York Style Pizza, Mac and Cheese Pasta, and Parmesan Stuffed Crust Pizza. Domino's differentiates itself through technology-focused ordering platforms, including mobile apps, online ordering systems, and partnerships with third-party delivery aggregators like Uber Eats and DoorDash.
Revenue model
Domino's generates revenue through multiple streams within its franchise-centric business model. The primary revenue source comes from royalty payments from franchisees, typically calculated as a percentage of gross sales from each franchised location. Franchisees also pay initial franchise fees when opening new locations and ongoing marketing fees that fund national advertising campaigns. The company's Supply Chain segment generates substantial revenue by selling ingredients, packaging materials, and equipment to franchisees at a markup. This captive supply relationship ensures consistent product quality while creating a profitable revenue stream. Additionally, Domino's earns revenue from company-owned stores, though these represent a small fraction of total locations. Several factors influence Domino's profit margins. Food commodity prices significantly impact costs, as ingredients like cheese, wheat, and meat represent major expense categories. The company faces ongoing labor cost pressures, particularly for delivery drivers in tight labor markets. Fuel costs affect delivery economics, while competition from other QSR chains and third-party delivery platforms can pressure pricing and market share. Conversely, technology investments that improve operational efficiency, menu innovations that command premium pricing, and scale advantages in purchasing and marketing help expand margins. The company's franchise model provides relatively stable cash flows with lower capital requirements compared to company-owned operations, though it limits direct control over store-level execution.
Competitive moat
Domino's possesses a moderate but meaningful competitive moat built primarily around its franchise network, technology platform, and supply chain infrastructure. The company's franchise system creates switching costs for operators who have invested significant capital in Domino's-specific equipment, training, and brand recognition. This network effect becomes stronger as density increases in local markets, improving delivery economics and brand visibility. The company's technology infrastructure represents another moat element, with proprietary ordering systems, delivery tracking, and operational management tools that have required years of development and refinement. Domino's integrated supply chain provides cost advantages and quality control that would be difficult for smaller competitors to replicate, while ensuring consistent product delivery across thousands of locations. However, this moat faces significant challenges. The pizza delivery market has relatively low barriers to entry, with numerous regional and national competitors offering similar products. Third-party delivery platforms like DoorDash, Uber Eats, and Grubhub have commoditized delivery services, potentially reducing Domino's delivery advantage and creating new competitive dynamics. Ghost kitchens and virtual restaurant brands can enter markets with lower capital requirements, while changing consumer preferences toward healthier options or different cuisines pose long-term risks. The company's heavy reliance on franchisees also creates execution risk, as poor performance at individual locations can damage the overall brand. Overall, while Domino's has built meaningful competitive advantages, the moat is not insurmountable and requires continuous investment to maintain.
Risks & safety
Domino's presents a moderate margin of safety with some concerning leverage metrics but strong cash generation capabilities. • Debt and Solvency: The company carries significant debt with total liabilities of $5.7 billion against total assets of $1.7 billion, resulting in negative shareholder equity. However, this is largely due to share repurchases and the asset-light franchise model. Debt-to-equity ratio of -1.31 reflects the negative equity position rather than insolvency risk. • Cash Flow: Strong operational cash flow of $625 million annually and free cash flow of $512 million in 2024 demonstrate the business's cash-generating ability. Quarterly free cash flows consistently exceed $125 million, providing adequate liquidity for operations and debt service. • Valuation Metrics: Trading at 25x earnings and 19.5x EV/EBITDA, indicating premium valuation typical of franchise businesses. Current ratio of 0.56 shows working capital constraints, though this is common in franchise operations with regular cash collections. • Other Considerations: The franchise model provides relatively predictable cash flows, while the company maintains access to capital markets for refinancing needs. However, high leverage limits financial flexibility during economic downturns.
Recent development
Over the past few years, Domino's has executed its "Hungry for MORE" strategic framework, focusing on four key pillars: Most Delicious Food, Operational Excellence, Renowned Value, and Exceptional Franchisees. The company has significantly expanded its menu offerings, launching New York Style Pizza, Mac and Cheese Pasta, and most recently Parmesan Stuffed Crust Pizza to drive customer interest and potential price premiums. A major strategic pivot has been embracing third-party delivery aggregators after years of resistance. The company launched partnerships with Uber Eats in 2023 and DoorDash in 2025, expecting these channels to represent incremental sales rather than cannibalization of existing delivery business. This represents a fundamental shift in strategy as Domino's previously viewed aggregators as competitors to their proprietary delivery network. The company has invested heavily in operational technology and training programs, deploying 1,600 dough-stretching machines across U.S. stores and implementing the "More Delicious Operations" training program to improve consistency and service times. The Domino's Rewards loyalty program has been relaunched and expanded to 35.7 million active members, becoming a key driver of customer retention and frequency. International expansion continues through franchisee partnerships, though the company has faced challenges in certain markets, particularly with its Domino's Pizza Enterprises (DPE) master franchisee relationships in markets like Japan and France. The company expects most DPE-related store closures to be completed by 2026, allowing for renewed growth in these markets.
DPZ company profile · for informational purposes only — not investment advice.
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