DOMINOS PIZZA INC DPZ
Domino's is the largest pizza company in the world with more than 22,100 locations in over 90 markets around the world as of December 28, 2025, and operates two distinct service models within its stores, with a significant business in both delivery and carryout. We are a highly recognized global brand, and we focus on value while serving neighborhoods locally through our large worldwide network of franchise owners and U.S. Company-owned stores through both the delivery and carryout service models. We have been selling quality, affordable food to our customers since 1960. We became "Domino's Pizza" in 1965 and opened our first franchised store in 1967. Over the past 65 years, we have built Domino's into one of the most widely-recognized consumer brands in the world. We believe our commitment to value, convenience, quality and new products continues to keep consumers engaged with the brand.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.94B | $4.71B | $4.48B | $4.54B | $4.36B | $4.12B | $3.62B | $3.43B | $2.79B | $2.47B |
| Cost of revenue | $2.97B | $2.86B | $2.75B | $2.89B | $2.67B | $2.52B | $2.22B | $2.13B | $1.92B | $1.70B |
| Gross profit | $1.97B | $1.85B | $1.73B | $1.65B | $1.69B | $1.59B | $1.40B | $1.30B | $866.0M | $767.7M |
| SG&A | $464.1M | $459.5M | $434.6M | $416.5M | $428.3M | $406.6M | $382.3M | $372.5M | $344.8M | $313.6M |
| Operating income | $954.0M | $879.0M | $819.5M | $767.9M | $780.4M | $725.6M | $629.4M | $571.7M | $521.2M | $454.0M |
| Interest expense | $196.0M | $195.9M | $196.5M | $198.3M | $191.8M | $172.2M | $150.8M | $146.3M | $122.5M | $110.1M |
| Pre-tax income | $770.3M | $722.2M | $652.4M | $572.8M | $625.7M | $555.1M | $482.6M | $428.7M | $400.2M | $344.7M |
| Income tax | $168.6M | $138.0M | $133.3M | $120.6M | $115.2M | $63.8M | $81.9M | $66.7M | $122.2M | $130.0M |
| Net income | $601.7M | $584.2M | $519.1M | $452.3M | $510.5M | $491.3M | $400.7M | $362.0M | $277.9M | $214.7M |
| EPS, basic | 17.69 | 16.83 | 14.80 | 12.66 | 13.72 | 12.61 | 9.83 | 8.65 | 6.05 | 4.41 |
| EPS, diluted | 17.57 | 16.69 | 14.66 | 12.53 | 13.54 | 12.39 | 9.56 | 8.35 | 5.83 | 4.30 |
| Shares, diluted (wtd. avg.) | $34.2M | $35.0M | $35.4M | $36.1M | $37.7M | $39.6M | $41.9M | $43.3M | $47.7M | $49.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $125.7M | $186.1M | $114.1M | $60.4M | $148.2M | $168.8M | $190.6M | $25.4M | $35.8M | $42.8M |
| Receivables | $316.0M | $309.1M | $282.8M | $257.5M | $255.3M | $244.6M | $210.3M | $190.1M | $173.7M | $150.4M |
| Inventory | $79.2M | $70.9M | $83.0M | $81.6M | $68.3M | $66.7M | $53.0M | $46.0M | $40.0M | $40.2M |
| Total current assets | $894.2M | $905.3M | $817.3M | $790.7M | $860.5M | $869.4M | $787.6M | $567.0M | $579.8M | $495.9M |
| Property, plant and equipment | $324.0M | $301.2M | $304.4M | $302.2M | $324.1M | $297.4M | $242.9M | $234.9M | $169.6M | $138.5M |
| Goodwill | $10.7M | $11.6M | $11.7M | $11.8M | $15.0M | $15.1M | $15.1M | $14.9M | $15.4M | $16.1M |
| Total assets | $1.72B | $1.74B | $1.67B | $1.60B | $1.67B | $1.57B | $1.38B | $907.4M | $836.8M | $716.3M |
| Accounts payable | $135.0M | $85.9M | $106.3M | $89.7M | $91.5M | $94.5M | $111.1M | $92.5M | $106.9M | $111.5M |
| Short-term debt | $100.0K | $100.0K | — | — | — | — | — | — | — | — |
| Total current liabilities | $541.6M | $1.61B | $547.4M | $536.6M | $590.7M | $470.8M | $453.8M | $379.7M | $398.3M | $403.7M |
| Long-term debt | $14.6M | $14.7M | — | — | — | — | — | — | — | — |
| Total liabilities | $5.62B | $5.70B | $5.75B | $5.79B | $5.88B | $4.87B | $4.80B | $3.95B | $3.57B | $2.60B |
| Retained earnings | -$3.90B | -$3.96B | -$4.07B | -$4.19B | -$4.21B | -$3.30B | -$3.41B | -$3.04B | -$2.74B | -$1.88B |
| Total equity | -$3.90B | -$3.96B | -$4.07B | -$4.19B | -$4.21B | -$3.30B | -$3.42B | -$3.04B | -$2.74B | -$1.88B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $792.1M | $624.9M | $590.9M | $475.3M | $654.2M | $592.8M | $496.9M | $394.2M | $341.3M | $292.5M |
| Stock-based compensation | $44.6M | $43.3M | $37.5M | $28.7M | $28.7M | $24.2M | $20.3M | $22.8M | $20.7M | $18.6M |
| Capital expenditure | $120.6M | $112.9M | $105.4M | $87.2M | $94.2M | $88.8M | $85.6M | $119.9M | $90.0M | $58.6M |
| Investing cash flow | -$70.2M | -$31.2M | -$106.9M | -$53.7M | -$142.7M | -$128.9M | -$27.9M | -$88.3M | -$83.7M | -$55.3M |
| Financing cash flow | -$752.1M | -$532.2M | -$476.4M | -$515.9M | -$522.8M | -$446.4M | -$222.8M | -$322.8M | -$197.1M | -$375.8M |
| Dividends paid | $236.9M | $209.9M | $169.8M | $157.5M | $139.4M | $121.9M | $105.7M | $92.2M | $84.3M | $73.9M |
| Buybacks | $357.7M | $329.6M | $269.0M | $293.7M | $1.32B | $304.6M | $699.0M | $591.2M | $1.06B | $300.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-062321.
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