Dominos Pizza Inc. (DPZ) intrinsic value & 10-year financials
Dominos Pizza Inc. (DPZ) has a Graham intrinsic value of $583.60 per share. At $308.64 on Oct 17, 2026, the stock trades 47% below that value. Over the last 10 fiscal years revenue grew 10.5% a year to $4.9B, with an average return on invested capital of 158.5%.
- Graham intrinsic value
- $583.60
- Share price (Oct 17, 2026)
- $308.64
- Price vs Graham value
- 47% below
- Market cap
- $10.6B
- Revenue (FY2025)
- $4.9B
- Revenue growth (10-yr CAGR)
- 10.5%
- ROIC (10-yr avg)
- 158.5%
- Free cash flow (FY2025)
- $671.5M
DPZ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.9B | $601.7M | $17.57 | $671.5M | 19.3% | 323.2% |
| FY2024 | $4.7B | $584.2M | $16.69 | $512.0M | 18.7% | 333.1% |
| FY2023 | $4.5B | $519.1M | $14.66 | $485.5M | 18.3% | 92.7% |
| FY2022 | $4.4B | $510.5M | $13.54 | $560.0M | 17.9% | 97.7% |
| FY2021 | $4.1B | $491.3M | $12.39 | $504.0M | 17.6% | 115.6% |
| FY2019 | $3.6B | $400.7M | $9.56 | $411.4M | 17.4% | 116.8% |
| FY2018 | $3.4B | $362.0M | $8.35 | $274.3M | 16.7% | 123.7% |
| FY2017 | $2.8B | $277.9M | $5.83 | $251.2M | 18.7% | 121.0% |
| FY2016 | $2.2B | $192.8M | $3.47 | $228.5M | 18.3% | 103.0% |
| FY2015 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Domino's revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Domino's has earned high returns on invested capital, averaging 86.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Domino's 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, Domino's is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $583.60 per share.