DPZDOMINOS PIZZA INC

Wholesale-Groceries & Related Products

Revenue: $4.9B; 5.0% YoY
Operating margin: 19.3%; 3.4% YoY
EBITDA: $1.0B; 7.9% YoY
Market cap: $10.5B
Employees: 10,200; $484K revenue each
Net debt / EBITDA: 3.2×; $3.3B net debt
AI in 10-K: 1.8; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 0 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
132% of net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
75% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
0% of assets
Over 40% of assets
Shareholder dissentNo
91% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeYes
$484K · 13th pct
Bottom quartile of its SIC industry
Quiet on AINo
1.8 per 10K words · 52nd pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
3.2× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$10.5B market cap
Market cap $500M–$5B

Catalysts 1 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingYes
−$15M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$4.1B	$4.4B	$4.5B	$4.7B	$4.9B	5.0%
Operating income	$726M	$768M	$820M	$879M	$954M	8.5%
Net income	$491M	$510M	$519M	$584M	$602M	3.0%
Operating cash flow	$593M	$654M	$591M	$625M	$792M	27%
Capex	$89M	$94M	$105M	$113M	$121M	6.8%
Stock-based comp	$24M	$29M	$38M	$43M	$45M	3.2%
Buybacks	$305M	$1.3B	$269M	$330M	$358M	8.5%
Dividends	$122M	$139M	$170M	$210M	$237M	13%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $15M · 25
Net: −$15M

Pay vs performance

No pay-versus-performance disclosure yet.