Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of DoorDash, Inc.

DASH · Nasdaq · Consumer

Fundamental quality

ATTRACTIVE

80

out of 100

DoorDash, Inc. earns a fundamental-quality score of 80 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its growth (revenue +36.4%/yr). Its weakest area is its profitability (net margin 6.3%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

DoorDash dominates food delivery in the United States and, after buying Finland's Wolt, fights for the world. Its next frontier: delivering everything — groceries, pharmacy, retail — and making the last mile its territory.

What will shape its future

  • Expansion beyond restaurants: grocery and convenience are a bigger market than pizza.
  • Per-order economics: making each delivery profitable remains the model's exam.
  • Labor regulation of couriers, the sector's permanent unknown.

Breakdown by area

I.Growth
95

EPS growth: 150% · Revenue growth: 36.4%

II.Profitability
54

Net margin: 6.3% · ROE: 9.1% · ROIC: 12.7%

III.Financial health
90

Net debt/EBITDA: -2.89x · FCF: 14.6%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 56%
ROEbeats 29%
Growthbeats 92%
Cash generationbeats 82%
Less debtbeats 96%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

DoorDash, Inc. strengths

  • Growing earnings per share (150% annualized).
  • Revenue growing strongly (36.4% annualized).
  • Strong free-cash-flow generation (FCF margin of 14.6%): profit turns into real cash.
  • It has turned profitable after years of losses.

DoorDash, Inc. risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

DoorDash, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
20202,886-461146-4,345
20214,888-468563-2,504
20226,583-1,365191-1,977
20238,635-5581,550-2,656
202410,7221232,028-4,019
202513,7179352,174-4,378

Between 2020 and 2025, revenue went from $2,886M to $13,717M (+375%) and net income went from -$461M to $935M (+303%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+33.1%
  • Net income-4.7%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is DoorDash, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is DoorDash, Inc. a good company to invest in?

In terms of business quality, DoorDash, Inc. scores 80 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is DoorDash, Inc. a profitable company?

DoorDash, Inc. is profitable, with a net margin of 6.3%, though a thin one.

Does DoorDash, Inc. have a lot of debt?

No. DoorDash, Inc. has a net cash position: more cash than debt.

Is DoorDash, Inc. growing?

Its revenue has grown 36.4% annualized in recent years and its earnings per share 150%, and without interruption since 2020.

Does DoorDash, Inc. generate cash?

Yes. It converts about 14.6% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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