$295.00−4.61 (−1.54%)
At close: Oct 1, 2026, 4:00 PM ET
Dominos Pizza Inc · Financials
Is this a real, growing, cash-generative business, or a story propped up by accounting?
Business engineSteady: revenue compounds ~3.2%/yr (FY21→FY25), net margin 12.2%, and free cash flow (~$671.5M) tracks net income. Earnings are cash, not paper.
The four lines that matter · FY21–FY25
Revenue ($M)▲5.0%
4,940.0
FY21→FY25CAGR +3.2%/yr
Net income ($M)▲3.0%
601.7
one-off year: see footnoteCAGR +4.2%/yr
Free cash flow ($M)▲31.2%
671.5
FY21→FY25CAGR +4.6%/yr
Diluted EPS▲5.3%
17.57
buyback-liftedCAGR +6.7%/yr
What the receipts whisper · what a headline number hides
Share count
−6.7%
36.0mn → 33.6mn diluted shares since FY21. Part of EPS growth is the shrinking denominator. Watch net income too.
Capex
$120.6M
steady at 2.4% of revenue (+6.8% YoY).
Returns vs FCF
89%
$594.6M returned vs $671.5M of FCF in FY25. Buybacks + dividends covered by cash flow.
What the income statement says · FY21–FY25
Where every revenue dollar goes · FY25 ($M)
12¢ of every revenue dollar becomes profit. The biggest cost lever is COGS.
Margin trend · direction beats level Gross Operating Net
Over this window: gross 38.7% → 40.0%. Net margin 12.2% is more than double the sector median.
The receipt · income statement · FY21–FY25 USD millions except per-share & ratios · hover a line for its definition
| Line item | TTM † | FY25 | FY24 | FY23 | FY22 | FY21 | YoY | CAGR 21→25 |
|---|---|---|---|---|---|---|---|---|
| Revenue & profitability | ||||||||
Revenue | 5,027.8 | 4,940.0 | 4,706.4 | 4,479.4 | 0.0 | 4,357.4 | ▲5.0% | +3.2% |
Cost of revenue | 3,015.6 | 2,966.4 | 2,857.9 | 2,751.9 | 0.0 | 2,669.1 | ▲3.8% | +2.7% |
Gross profit | 2,012.2 | 1,973.6 | 1,848.5 | 1,727.4 | — | 1,688.2 | ▲6.8% | — |
Selling, general & admin | 474.2 | 464.1 | 459.5 | 434.6 | 0.0 | 428.3 | ▲1.0% | +2.0% |
Total operating expenses | 1,031.0 | 1,019.6 | 969.5 | 907.9 | 0.0 | 907.8 | ▲5.2% | +2.9% |
Operating incomefeeds ROC rank | 981.2 | 954.0 | 879.0 | 819.5 | 767.9 | 780.4 | ▲8.5% | +5.1% |
Other income, net | −215.8 | −183.6 | −156.8 | −167.1 | −195.1 | −154.7 | — | — |
Pretax income | 765.5 | 770.3 | 722.2 | 652.4 | 572.8 | 625.7 | ▲6.7% | +5.3% |
Income tax | 169.0 | 168.6 | 138.0 | 133.3 | 0.0 | 115.2 | ▲22.2% | +10.0% |
Net incomePiotroski ROA ✓feeds Buffett Quality owner earnings | 596.5 | 601.7 | 584.2 | 519.1 | −195.1 | 510.5 | ▲3.0% | +4.2% |
| Per share | ||||||||
Diluted EPSbuyback-sensitive | 17.63 | 17.57 | 16.69 | 14.66 | −5.60c | 13.54 | ▲5.3% | +6.7% |
Diluted shares (mn) | 33.08 | 33.63 | 34.30 | 34.81 | 34.81 | 36.04 | ▼1.9% | −1.7% |
| Margins | ||||||||
Gross margin64th pct in Consumer Defensive | 40.0% | 40.0% | 39.3% | 38.6% | — | 38.7% | ▲0.7pp | — |
Operating margin | 19.5% | 19.3% | 18.7% | 18.3% | — | 17.9% | ▲0.6pp | — |
Net margin79th pct in Consumer Defensive | 11.9% | 12.2% | 12.4% | 11.6% | — | 11.7% | ▼0.2pp | — |
† TTM = trailing four quarters through 2026-06-14.FY22 effective tax rate was 0% vs a 19% norm for this window, likely a one-time item; see the filing.c Computed by Tenet. The company's diluted figure is not in our data feed for this period, so this is net income attributable to common shareholders divided by the larger of the weighted basic and diluted share counts.
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These lines feed the tenet checklists: see which gates passTenets →Margins & returns continue as sector-ranked ratiosStatistics →
Annual report filed 2026-02-23 · view filings on SEC EDGAR ↗ · reported currency USD · as-filed figures may be later restated.
Statements normalized in our fundamentals DB · Not investment advice.
Statements normalized in our fundamentals DB · Not investment advice.
Annual and quarterly statements as filed, normalized into one comparable shape · Not investment advice.