DPZ DOMINOS PIZZA INC

Overview and Growth

DOMINOS PIZZA INC generated $4.94B of revenue in fiscal 2025, with net income of $601.70M and an operating cash inflow of $792.06M. The $4.94B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 5.0% above fiscal 2024 revenue of $4.71B, marking a year-over-year increase. On a per-share basis, diluted EPS was $17.57, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 5.3% increase from fiscal 2024 diluted EPS of $16.69.

Profitability

After reported cost of revenue, the company retained $1.97B as gross profit before recognizing operating expenses and other items. Gross margin was 40.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $953.97M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 19.3%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $601.70M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 12.2% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $770.34M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 15.6%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $168.63M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 21.9%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

The company held $1.72B of assets against $5.62B of liabilities and -$3.90B of equity, revealing how the asset base was financed. The company reported negative equity of -$3.90B, a capital deficit that reduces its ability to absorb losses through book equity. The near-term balance sheet paired $894.20M of current assets with $541.62M of current liabilities at the reporting date. The current ratio was 1.65x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $125.67M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 23.2% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $14.70M of total debt at period end, which frames its leverage and debt-service burden. Relative to total assets, debt measured 0.9%, showing how much of the asset base was matched by borrowing. Liabilities represented 327.3% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 7.3%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

The company reported $792.06M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 1.32x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $120.56M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 15.2%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $671.50M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 13.6%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 39.1%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 28, 2025. Analysis generated Oct 21, 2026.