DOORDASH, INC. vs MercadoLibre, Inc., two Internet Retail stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
MercadoLibre keeps about 7% of revenue as operating profit and 6% as net, while DoorDash keeps a thinner 3.7% operating and a similar 6% net, two delivery-and-commerce models grinding at low single-digit margins for now. The difference is what sits underneath: MercadoLibre folds in a credit arm and logistics that lift return on equity to 26% against DoorDash's 9%, and convert price into free cash at a 14.3% yield against DoorDash's 3.0%. That cash engine also carries a 1.36 debt-to-equity that DoorDash does not run, debt-free against a leaner book. Only now does the multiple matter: DoorDash near 76 times earnings, MercadoLibre near 42. The market pays more per dollar of profit for the narrower margin, betting US delivery scales faster than Latin American fintech already has.
Comparison updated 2026-06-15.
| Metric | DASH | MELI |
|---|---|---|
| Price | $191.79 | $1852.49 |
| Market cap | $84.8B | $93.9B |
| Sector | Internet Retail | Internet Retail |
| Stage | Growth | Growth |
| P/E | 90.9 | 48.9 |
| P/B | 8.32 | 12.90 |
| P/S | 5.76 | 2.95 |
| EV/EBITDA | 52.4 | 30.4 |
| Revenue growth | +30.8% | +41.7% |
| Gross margin | — | 43.7% |
| Operating margin | 3.7% | 6.9% |
| Net margin | 6.3% | 6.0% |
| Return on equity | 9.1% | 26.4% |
| Return on assets | 4.7% | 4.1% |
| Return on invested capital | 5.3% | 12.8% |
| FCF yield | 2.5% | 12.6% |
| Dividend yield | — | 0.0% |
| Debt / equity | 0.27 | 1.36 |
| Current ratio | 1.43 | 1.16 |
| Altman Z (solvency) | 5.98 | 2.46 |
| Piotroski F (quality) | 8 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.