Price to Operating Profit (P/OP)
since 2020
Calculation
DoorDash, Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Loss from operations1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 14, 2025 | — | = | 213.38 | ÷ | -0.09 | -0.09 | = | -38 | ÷ | 420,096,084 | |
| Feb 20, 2024 | — | = | 115.48 | ÷ | -1.43 | -1.43 | = | -579 | ÷ | 404,004,211 | |
| Feb 27, 2023 | — | = | 54.19 | ÷ | -2.87 | -2.87 | = | -1,124 | ÷ | 392,075,689 | |
| Mar 1, 2022 | — | = | 102.43 | ÷ | -1.30 | -1.30 | = | -452 | ÷ | 348,411,427 | |
| Mar 5, 2021 | — | = | 151.48 | ÷ | -1.36 | -1.36 | = | -436 | ÷ | 321,463,740 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of DoorDash, Inc. Annual Report.
The analysis of the available financial data over the selected periods reveals several notable trends in key financial indicators.
- Share Price
- The share price experienced significant volatility over the observed timeframe. Initially, it decreased notably from $151.48 to $54.19 between March 2021 and February 2023. However, from that lowest point, the share price recovered sharply in subsequent years, rising to $115.48 in February 2024 and further increasing to $213.38 by February 2025. This pattern suggests a period of market uncertainty or operational challenges followed by a strong rebound in investor confidence or improved company outlook.
- Operating Profit per Share
- The operating profit per share showed consistent negative values throughout the periods analyzed, indicating the company operated at a loss on an operating basis per share. The loss deepened sharply from -$1.36 in March 2021 to -$2.87 in February 2023, signaling worsening operational profitability. After this low, there was a gradual improvement, with the loss narrowing to -$1.43 in February 2024 and significantly improving further to -$0.09 by February 2025. This trend implies enhanced operational efficiency and cost management, reducing the operating loss closer to breakeven.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio values are not provided, which limits the ability to assess valuation relative to operating profitability. However, given the negative operating profit per share, it is likely that calculating a meaningful positive P/OP ratio would be challenging or not applicable during periods of operating losses.
Overall, the data suggest that the company faced operational challenges that impacted profitability negatively during the initial years, reflected in both operating losses and share price decline. In recent periods, operational performance has improved substantially, with operating losses narrowing and share price recovering strongly, indicating potential positive shifts in business fundamentals or market perceptions.
Comparison to Competitors
DoorDash, Inc., P/OP, long-term trends, comparison to competitors
| DoorDash, Inc. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | McDonald’s Corp. | Starbucks Corp. | |
|---|---|---|---|---|---|---|
| Feb 14, 2025 | — | 34.83 | 21.80 | 40.67 | 18.95 | 20.60 |
| Feb 20, 2024 | — | 65.01 | 22.85 | 46.13 | 18.35 | 20.44 |
| Feb 27, 2023 | — | 46.78 | 17.91 | 38.25 | 20.58 | 24.35 |
| Mar 1, 2022 | — | 232.24 | 40.46 | 54.38 | 17.59 | 26.68 |
| Mar 5, 2021 | — | — | — | 149.81 | 21.51 | 70.29 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).