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Pizza is stupid cheap to make at home. Domino's is currently offering Minecraft pizzas that are less than twice the size for more than twice the cost. But making it at home means no grease soaked collectable box.
Cost per person before toppings: $2.77 It is very hard to fit even a dollar worth of toppings on a pizza.
The topping is the expensive part
It's not. I get 2 pounds of pepperoni for $3. That's a lot of pizzas. Frozen corporate meatballs, smoked kielbasa, red onion, pickled banana peppers on the large jar, bacon ends and pieces at $6 for two pounds, leftover bell pepper scraps saved in the fridge, etc. I have done the math repeatedly. It is almost impossible to squeeze even a dollar worth of toppings on a pizza unless you are adding shrimp and oysters. I the only time I never managed to put more than a dollar worth of toppings on any pizza I have made an 18x13 pizza and topped it with brussel sprouts.
Pizza places make a ridiculous amount of money on toppings charging you $1.50 for an extra one that costs them 15¢ because they are buying in bulk. That's how dominos was able to run their any toppings for one price promo this summer. Toppings are cheap.
All the real money is in the cheese. I use Walmart Great Value brand whole milk mozzarella at $3.87 a pound. Between 6 and 8 oz per pizza. Of the $2.77 I spend per pizza up to $1.93 of that is the cheese.
I was making pizza the other day with a costco cheese pizza as a base, and put a bunch of toppings on it. Olives... okay thats like 3 full olives. Onion, like 1/5 of the onion. It's pretty wild that'd be like $3-4 CAD in toppings right there.