Domino's Pizza Free Cash Flow Up 31% as 392 New Stores Open
Domino's Pizza posted a 31% surge in full-year free cash flow to $671.5 million alongside 3.7% U.S. same-store sales growth and 392 net new global stores, bringing its footprint to 22,142 locations. The board approved a 15% quarterly dividend increase to $1.99 per share, reinforcing its capital-light franchise model.
1. Financial Performance Highlights
Domino's achieved a 31% rise in full-year free cash flow to $671.5 million, delivered 3.7% U.S. same-store sales growth in Q4 2025 and expanded its network by 392 net new global stores, lifting its total to 22,142 locations.
2. Franchise Expansion Metrics
The company continued its capital-light approach by opening 392 net new outlets in 2025, maintaining a franchise-heavy structure that ensures royalty revenue regardless of economic cycles.
3. Dividend Increase Approval
In Q4 2025, the board authorized a 15% raise in the quarterly dividend to $1.99 per share, marking five consecutive years of dividend growth and underscoring confidence in cash flow generation.
4. Institutional Stake Strategy
Berkshire Hathaway disclosed a position in Domino's in late 2024, highlighting investor appetite for franchise-driven, high-cash-generating businesses and reinforcing confidence in Domino's long-term growth trajectory.