# Domino's Pizza, Inc. (DPZ)

> Source: Nexqual · https://nexqual.com/DPZ · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Domino's Pizza, Inc. (DPZ), nexqual.com/DPZ" · informational, not investment advice.

**Price:** USD 317.7 (+2.11% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 311.15 · day 310.59–318.37 · 52w 282–442.35 · market cap $10.5B · NMS

## Key facts
- Last four reported quarters (through Sep 6, 2026): revenue $5.07B, net income $609M (12.0% margin), free cash flow $636M (SEC filings).
- Valuation: P/E 17.2x (avg 25.6x at the last 3 fiscal year-ends), EV/EBITDA 12.7x, net debt $3.33B.
- 2 of 80 tracked superinvestors hold DPZ (13F, Q2 2026): 1 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $9.9M; 1 not under a Rule 10b5-1 plan ($4.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (30 analysts), mean target USD 356.48 (range 257–425).
- Total return with dividends: 1Y -23.0% vs S&P 500 +14.9%; 5Y -26.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-13, EPS estimate USD 6.36, revenue estimate $1.67B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.36B | $4.54B | $4.48B | $4.71B | $4.94B | $5.07B |
| Gross profit | $1.69B | $1.65B | $1.73B | $1.85B | $1.97B | — |
| Operating income | $780M | $768M | $820M | $879M | $954M | $1000M |
| Net income | $510M | $452M | $519M | $584M | $602M | $609M |
| EPS (diluted) | $13.54 | $12.53 | $14.66 | $16.69 | $17.57 | — |
| Free cash flow | $560M | $388M | $485M | $512M | $672M | $636M |
| Gross margin | 38.7% | 36.3% | 38.6% | 39.3% | 40.0% | — |
| Operating margin | 17.9% | 16.9% | 18.3% | 18.7% | 19.3% | 19.7% |
| Net margin | 11.7% | 10.0% | 11.6% | 12.4% | 12.2% | 12.0% |
| Revenue growth | +5.8% | +4.1% | -1.3% | +5.1% | +5.0% | — |
| Cash + short-term investments | $148M | $60.4M | $114M | $186M | $126M | — |
| Total debt | $5.01B | $4.97B | $4.93B | $14.8M | $14.7M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 6, 2026)
P/E 17.2x · P/S 2.1x · EV/EBITDA 12.7x · EV/Sales 2.7x · P/FCF 16.4x · FCF yield 6.08% · Earnings yield 5.83% · Dividend yield (paid, TTM) 2.41% · Buyback yield (TTM) 3.71% · Net debt $3.33B · EV $13.8B
P/E at fiscal year-ends: Dec 2025 23.7x, Dec 2024 25.1x, Dec 2023 28.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold DPZ. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Prem Watsa | Fairfax Financial Holdings | 0.08% | $2.1M | New position |
| Thomas Gayner | Markel Group | 0.01% | $1.6M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
6 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-22 | Garcia Kelly E | EVP, Chief Tech & Data Ofcr | 12,430 | $4.0M | 57.1% | No | Too little history (no open-market trades in 2023) |
| 2026-07-17 | Weiner Russell J | Chief Executive Officer | 10,850 | $3.6M | 18.7% | Yes (adopted March 13, 2025) | Too little history (no open-market trades in 2025) |
| 2026-07-16 | Jordan Joseph Hugh | COO and President-Domino's US | 5,450 | $1.7M | 32.8% | Yes (adopted May 2, 2025) | Too little history (no open-market trades in 2023 or 2025) |
| 2026-07-09 | Garcia Kelly E | EVP, Chief Tech & Data Ofcr | 487 | $145K | 4.9% | Yes (adopted May 13, 2025) | Too little history (no open-market trades in 2023) |
| 2026-06-11 | Garcia Kelly E | EVP, Chief Tech & Data Ofcr | 487 | $152K | 4.9% | Yes (adopted May 13, 2025) | Too little history (no open-market trades in 2023) |
| 2026-05-21 | Garcia Kelly E | EVP, Chief Tech & Data Ofcr | 488 | $153K | 5% | Yes (adopted May 13, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-30 | Garcia Kelly E | EVP, Chief Tech & Data Ofcr | 488 | $162K | 5% | Yes (adopted May 13, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 30 analysts; mean target USD 356.48 (low 257, high 425).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Citigroup | Target lowered | Neutral | $335 → $308 |
| 2026-10-14 | Mizuho | Target lowered | Outperform | $420 → $380 |
| 2026-10-14 | Wells Fargo | Target lowered | Equal-Weight | $350 → $320 |
| 2026-10-14 | Morgan Stanley | Target lowered | Equal-Weight | $357 → $345 |
| 2026-10-14 | RBC Capital | Target lowered | Sector Perform | $325 → $320 |
| 2026-10-14 | Baird | Target lowered | Neutral | $325 → $320 |
| 2026-10-14 | StoneX | Target lowered | Buy | $430 → $400 |
| 2026-10-14 | B of A Securities | Target lowered | Buy | $455 → $410 |
| 2026-10-14 | BTIG | Reiterated | Buy | $425 |
| 2026-10-13 | TD Cowen | Reiterated | Hold | $320 |
| 2026-10-05 | RBC Capital | Target lowered | Sector Perform | $350 → $325 |
| 2026-09-29 | JP Morgan | Target lowered | Overweight | $380 → $350 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -23.0% | -26.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.1% | -5.9% |
| Volatility (annualized) | 31.4% | 29.5% |
| Max drawdown | -34.7% (Dec 2025→Jun 2026) | -46.7% (Dec 2021→Feb 2023) |

## Peers (Restaurants)
TXRH (Texas Roadhouse, Inc.) USD 172.78 +2.96% · EAT (Brinker International, Inc.) USD 190.11 +1.09% · BROS (Dutch Bros Inc.) USD 41.75 -1.21% · YUMC (Yum China Holdings, Inc.) USD 44.76 +0.67% · CAVA (CAVA Group, Inc.) USD 54.68 -0.58% · CAKE (The Cheesecake Factory Incorpor) USD 112.44 -1.70%

## More
Full page: https://nexqual.com/DPZ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DPZ's own 10-K filed 2026-02-23 (https://www.sec.gov/Archives/edgar/data/1286681/000119312526062321/dpz-20251228.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Coca-Cola (KO) | "This contract, renegotiated in December 2023, provides for Coca-Cola to continue to be our exclusive beverage supplier and expires on December 31, 2030 or at such time as a minimum number of cases of Coca-Cola products a…" |
| Supplier | Pizza | "Pizza: We increase supply chain transparency through maintaining our supplier standards and food safety requirements, providing nutritional details, and maintaining our animal care standards." |
| Customer | Uber Technologies, Inc (UBER) | "We have multinational agreements with Uber Technologies, Inc. and DoorDash, Inc. to allow customers to order Domino's products through their respective marketplaces." |
| Customer | DoorDash, Inc. (DASH) | "We have multinational agreements with Uber Technologies, Inc. and DoorDash, Inc. to allow customers to order Domino's products through their respective marketplaces." |

## Revenue by business segment (quarter ended 2026-09-06)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Supply Chain | $746.2M | 62.9% | +7.1% |
| US Stores | $355.7M | 30.0% | -4.3% |
| International Franchise | $83.7M | 7.1% | +6.6% |
| Total revenue | $1.19B | 100% | — |

## Company outlook (8-K filed 2026-10-13)

- "Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $6.36 | $6.46 | -1.6% | $1.67B | 21 |
| Next quarter (ends 2027-03-31) | $4.51 | $4.59 | -1.8% | $1.18B | 15 |
| Current fiscal year (ends 2026-12-31) | $19.11 | $19.04 | +0.4% | $5.19B | 25 |
| Next fiscal year (ends 2027-12-31) | $20.69 | $20.91 | -1.1% | $5.27B | 25 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 32.7% | ±7.4% |
| 2026-12-18 | 56 | 34.7% | ±11.2% |
| 2027-01-15 | 84 | 33.1% | ±12.8% |
| 2027-03-19 | 147 | 34.0% | ±17.4% |
| 2027-06-17 | 237 | 34.5% | ±22.1% |
| 2027-09-17 | 329 | 34.7% | ±25.9% |