DPZ

Revenue grew from FY2024's $4,706,416,000 to FY2025's $4,939,994,000, a gain of +5.0%, while net income rose +3.0% over the same period and diluted EPS increased +5.3% from FY2024 to FY2025.

The model awarded a mid-range score, reflecting steady but moderate single-digit growth across revenue, earnings, and per-share metrics — solid enough to reward, but not at the pace that would push the score into the upper tier.

In FY2025, Domino's posted a net margin of 12.2%, an operating margin of 19.3%, and a return on assets of 35.1%.

The model rewarded the combination of a healthy operating margin and an exceptionally high return on assets, which together signal efficient conversion of revenue to operating profit and strong asset utilization, placing the score well above the midpoint.

In FY2025, Domino's carried a debt-to-equity ratio of -1.23 (reflecting negative book equity), an interest coverage ratio of 4.9, and total assets of $1,716,459,000.

The negative debt-to-equity ratio signals that liabilities exceed assets on a book-equity basis, a structural feature of Domino's heavily leveraged franchise model, while an interest coverage ratio of 4.9 in FY2025 indicates operating income covers interest expense but with limited headroom — together these likely constrained the score to the midpoint.

Over the last four reported quarters, revenue ranged from $1,145,144,000 in 2025Q2 to a peak of $1,535,740,000 in 2025Q4 before returning to $1,150,594,000 in 2026Q1; operating income followed a similar pattern, rising to $295,667,000 in 2025Q4 and settling back to $230,357,000 in 2026Q1, while net income moved from $131,091,000 in 2025Q2 to $181,643,000 in 2025Q4 and then $139,811,000 in 2026Q1.

The quarterly data shows a pronounced seasonal spike in 2025Q4 followed by a return to levels consistent with the prior quarters, suggesting stable underlying momentum rather than sustained acceleration — a pattern the model appears to have rewarded moderately above the midpoint.

Domino's dividends per share have grown consistently from $3.76 in FY2022 to $4.84 in FY2023, $6.04 in FY2024, and $6.96 in FY2025, while the dividend payout ratio stood at 39.4% of net income in FY2025.

The model rewarded the multi-year streak of meaningful per-share dividend increases alongside a payout ratio that leaves substantial earnings retained, reflecting both commitment to shareholder returns and financial flexibility — characteristics that drive a high score in this factor.

Domino's Pizza is not currently assigned to any of the 24 tracked macro themes in the model.

The absence of a theme assignment means the security did not qualify for any thematic tailwind boost under the current methodology; this is a neutral classification rather than a negative signal about the company's business.