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DPZ (Domino's Pizza) Piotroski F-Score : 7 (As of Jul. 05, 2025)


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What is Domino's Pizza Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Domino's Pizza has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Domino's Pizza's Piotroski F-Score or its related term are showing as below:

DPZ' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Domino's Pizza was 9. The lowest was 4. And the median was 7.


Domino's Pizza Piotroski F-Score Historical Data

The historical data trend for Domino's Pizza's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Domino's Pizza Piotroski F-Score Chart

Domino's Pizza Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 8.00 8.00

Domino's Pizza Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.00 9.00 9.00 8.00 7.00

Competitive Comparison of Domino's Pizza's Piotroski F-Score

For the Restaurants subindustry, Domino's Pizza's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Domino's Pizza's Piotroski F-Score Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Domino's Pizza's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Domino's Pizza's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 141.978 + 146.924 + 169.444 + 149.651 = $608 Mil.
Cash Flow from Operations was 150.686 + 172.729 + 178.018 + 179.076 = $681 Mil.
Revenue was 1097.736 + 1080.119 + 1443.914 + 1112.056 = $4,734 Mil.
Gross Profit was 437.031 + 423.747 + 565.854 + 443.147 = $1,870 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(1744.742 + 1856.006 + 1775.066 + 1737.013 + 1877.619) / 5 = $1798.0892 Mil.
Total Assets at the begining of this year (Mar24) was $1,745 Mil.
Long-Term Debt & Capital Lease Obligation was $4,015 Mil.
Total Current Assets was $1,016 Mil.
Total Current Liabilities was $1,697 Mil.
Net Income was 109.38 + 147.676 + 157.292 + 125.824 = $540 Mil.

Revenue was 1024.627 + 1027.361 + 1402.972 + 1084.647 = $4,540 Mil.
Gross Profit was 404.656 + 398.169 + 539.045 + 421.87 = $1,764 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(1641.39 + 1596.17 + 1619.464 + 1674.899 + 1744.742) / 5 = $1655.333 Mil.
Total Assets at the begining of last year (Mar23) was $1,641 Mil.
Long-Term Debt & Capital Lease Obligation was $5,159 Mil.
Total Current Assets was $894 Mil.
Total Current Liabilities was $510 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Domino's Pizza's current Net Income (TTM) was 608. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Domino's Pizza's current Cash Flow from Operations (TTM) was 681. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=607.997/1744.742
=0.34847387

ROA (Last Year)=Net Income/Total Assets (Mar23)
=540.172/1641.39
=0.32909424

Domino's Pizza's return on assets of this year was 0.34847387. Domino's Pizza's return on assets of last year was 0.32909424. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Domino's Pizza's current Net Income (TTM) was 608. Domino's Pizza's current Cash Flow from Operations (TTM) was 681. ==> 681 > 608 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4014.542/1798.0892
=2.23267122

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=5158.503/1655.333
=3.11629322

Domino's Pizza's gearing of this year was 2.23267122. Domino's Pizza's gearing of last year was 3.11629322. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=1015.934/1696.76
=0.59874938

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=894.466/509.593
=1.75525566

Domino's Pizza's current ratio of this year was 0.59874938. Domino's Pizza's current ratio of last year was 1.75525566. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Domino's Pizza's number of shares in issue this year was 34.554. Domino's Pizza's number of shares in issue last year was 35.154. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1869.779/4733.825
=0.3949827

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1763.74/4539.607
=0.38852262

Domino's Pizza's gross margin of this year was 0.3949827. Domino's Pizza's gross margin of last year was 0.38852262. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=4733.825/1744.742
=2.71319484

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=4539.607/1641.39
=2.76570894

Domino's Pizza's asset turnover of this year was 2.71319484. Domino's Pizza's asset turnover of last year was 2.76570894. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Domino's Pizza has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Domino's Pizza  (NAS:DPZ) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Domino's Pizza Piotroski F-Score Related Terms

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Domino's Pizza Business Description

Address
30 Frank Lloyd Wright Drive, Ann Arbor, MI, USA, 48105
Domino's is a restaurant operator and franchiser with nearly 21,400 global stores across more than 90 international markets at the end of 2024. The firm generates revenue through the sales of pizza, wings, salads, sandwiches, and desserts at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 25 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's US and Canadian restaurants. With roughly $19.2 billion in 2024 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Little Caesars, and narrow-moat Papa John's.
Executives
Andy Ballard director ONE MARITIME PLAZA, SUITE 1350, SAN FRANCISCO CA 94111
James A Goldman director
Reddy Sandeep officer: EVP, Chief Financial Officer C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
Cynthia A Headen officer: EVP, Supply Chain Services 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Kevin Scott Morris officer: EVP, Gen'l Counsel, Secretary 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Kelly E Garcia officer: EVP. Chief Technology Officer 30 FRANK LLOYD WRIGH DR, ANN ARBOR MI 48105
Diana F Cantor director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Andrew Balson director, 10 percent owner
Jessica L Parrish officer: VP, Treasurer, Corp Controller 30 FRANK LLOYD WRIGHT DRIVE, ANN ARBOR MI 48105
Frank Garrido officer: EVP, U.S. Operations & Support 30 FRANK LLOYD WRIGHT DRIVE, ANN ARBOR MI 48105
Russell J Weiner officer: President, Domino's U.S.A. 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Joseph Hugh Jordan officer: EVP, International 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Sam Jackson officer: EVP, Human Resources 30 FRANK LLOYD WRIGHT DRIVE, ANN ARBOR MI 48105
Lisa V Price officer: EVP, Chief Human Resources Ofc 30 FRANK LLOYD WRIGHT DR, ANN ARBOR MI 48105
Patricia E Lopez director 333 LUDLOW ST, STAMFORD CT 06902