DoorDash, Inc. (DASH) intrinsic value & 10-year financials
DoorDash, Inc. (DASH) has a Graham intrinsic value of $70.75 per share. At $189.15 on Oct 17, 2026, the stock trades 167% above that value. Over the last 9 fiscal years revenue grew 73.4% a year to $13.7B, with an average return on invested capital of 26.7%.
- Graham intrinsic value
- $70.75
- Share price (Oct 17, 2026)
- $189.15
- Price vs Graham value
- 167% above
- Market cap
- $83.2B
- Revenue (FY2025)
- $13.7B
- Revenue growth (9-yr CAGR)
- 73.4%
- ROIC (10-yr avg)
- 26.7%
- Free cash flow (FY2025)
- $2.2B
DASH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $13.7B | $935.0M | $2.13 | $2.2B | 5.3% | 13.8% |
| FY2024 | $10.7B | $123.0M | $0.29 | $2.0B | -0.4% | -0.7% |
| FY2023 | $8.6B | -$558.0M | -$1.42 | $1.6B | -6.7% | -11.8% |
| FY2022 | $6.6B | -$1.4B | -$3.68 | $191.0M | -17.1% | -28.3% |
| FY2021 | $4.9B | -$468.0M | -$1.39 | $563.0M | -9.2% | -28.9% |
| FY2020 | $2.9B | -$461.0M | -$7.39 | $146.0M | -15.1% | 150.6% |
| FY2019 | $885.0M | -$667.0M | -$15.44 | -$545.0M | -69.6% | 52.6% |
| FY2018 | $291.0M | -$204.0M | — | -$172.0M | -72.2% | 66.2% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DoorDash revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
DoorDash has historically struggled to out-earn its cost of capital, averaging just -0.2% ROIC.
DoorDash capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DoorDash is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $70.75 per share.