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应用材料（AMAT）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
应用材料的季度营收约是DoorDash的1.7倍（$6.8B vs $4.0B），应用材料净利率更高（27.9% vs 5.4%，领先22.5%），DoorDash同比增速更快（37.7% vs -3.5%），应用材料自由现金流更多（$2.0B vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 0.7%）
应用材料是总部位于美国加利福尼亚州圣克拉拉的企业，为全球第二大半导体设备供应商，主营半导体芯片、消费电子平板显示、太阳能产品制造所需的设备、服务及软件，同时供应柔性电子、封装等领域的涂层生产设备。
DoorDash是美国头部在线订餐及配送平台，也是美国规模最大的外卖配送服务商，占据当地外卖配送市场56%的份额，便民配送品类市场占比更是高达60%。截至2020年12月31日，平台合作商户超45万家，服务消费者超2000万，注册配送员数量突破100万。
AMAT vs DASH — 直观对比
营收规模更大
AMAT
是对方的1.7倍
$4.0B
营收增速更快
DASH
高出41.1%
-3.5%
净利率更高
AMAT
高出22.5%
5.4%
自由现金流更多
AMAT
多$1.7B
$367.0M
两年增速更快
DASH
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $4.0B |
| 净利润 | $1.9B | $213.0M |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 3.7% |
| 净利率 | 27.9% | 5.4% |
| 营收同比 | -3.5% | 37.7% |
| 净利润同比 | 9.6% | 51.1% |
| 每股收益（稀释后） | $2.36 | $0.49 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMATDASH
| Q4 25 | $6.8B | $4.0B | ||
| Q3 25 | $7.3B | $3.4B | ||
| Q2 25 | $7.1B | $3.3B | ||
| Q1 25 | $7.2B | $3.0B | ||
| Q4 24 | $7.0B | $2.9B | ||
| Q3 24 | $6.8B | $2.7B | ||
| Q2 24 | $6.6B | $2.6B | ||
| Q1 24 | $6.7B | $2.5B |
净利润AMATDASH
| Q4 25 | $1.9B | $213.0M | ||
| Q3 25 | $1.8B | $244.0M | ||
| Q2 25 | $2.1B | $285.0M | ||
| Q1 25 | $1.2B | $193.0M | ||
| Q4 24 | $1.7B | $141.0M | ||
| Q3 24 | $1.7B | $162.0M | ||
| Q2 24 | $1.7B | $-157.0M | ||
| Q1 24 | $2.0B | $-23.0M |
毛利率AMATDASH
| Q4 25 | 48.0% | — | ||
| Q3 25 | 48.8% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 48.8% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 47.3% | — | ||
| Q2 24 | 47.4% | — | ||
| Q1 24 | 47.8% | — |
营业利润率AMATDASH
| Q4 25 | 25.2% | 3.7% | ||
| Q3 25 | 30.6% | 7.5% | ||
| Q2 25 | 30.5% | 5.0% | ||
| Q1 25 | 30.4% | 5.1% | ||
| Q4 24 | 29.0% | 4.1% | ||
| Q3 24 | 28.7% | 4.0% | ||
| Q2 24 | 28.8% | -7.6% | ||
| Q1 24 | 29.3% | -2.4% |
净利率AMATDASH
| Q4 25 | 27.9% | 5.4% | ||
| Q3 25 | 24.4% | 7.1% | ||
| Q2 25 | 30.1% | 8.7% | ||
| Q1 25 | 16.5% | 6.4% | ||
| Q4 24 | 24.6% | 4.9% | ||
| Q3 24 | 25.2% | 6.0% | ||
| Q2 24 | 25.9% | -6.0% | ||
| Q1 24 | 30.1% | -0.9% |
每股收益（稀释后）AMATDASH
| Q4 25 | $2.36 | $0.49 | ||
| Q3 25 | $2.22 | $0.55 | ||
| Q2 25 | $2.63 | $0.65 | ||
| Q1 25 | $1.45 | $0.44 | ||
| Q4 24 | $2.09 | $0.35 | ||
| Q3 24 | $2.05 | $0.38 | ||
| Q2 24 | $2.06 | $-0.38 | ||
| Q1 24 | $2.41 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $8.6B | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $20.4B | $10.0B |
| 总资产 | $36.3B | $19.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMATDASH
| Q4 25 | $8.6B | $4.4B | ||
| Q3 25 | $7.0B | $3.3B | ||
| Q2 25 | $6.7B | $3.9B | ||
| Q1 25 | $8.2B | $4.5B | ||
| Q4 24 | $9.5B | $4.0B | ||
| Q3 24 | $9.1B | $3.7B | ||
| Q2 24 | $7.6B | $3.4B | ||
| Q1 24 | $7.5B | $3.1B |
股东权益AMATDASH
| Q4 25 | $20.4B | $10.0B | ||
| Q3 25 | $19.5B | $9.5B | ||
| Q2 25 | $19.0B | $8.9B | ||
| Q1 25 | $18.6B | $8.4B | ||
| Q4 24 | $19.0B | $7.8B | ||
| Q3 24 | $18.8B | $7.6B | ||
| Q2 24 | $18.2B | $7.2B | ||
| Q1 24 | $17.4B | $7.0B |
总资产AMATDASH
| Q4 25 | $36.3B | $19.7B | ||
| Q3 25 | $34.2B | $18.0B | ||
| Q2 25 | $33.6B | $16.9B | ||
| Q1 25 | $33.3B | $13.6B | ||
| Q4 24 | $34.4B | $12.8B | ||
| Q3 24 | $33.6B | $12.3B | ||
| Q2 24 | $31.9B | $11.8B | ||
| Q1 24 | $31.5B | $11.4B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.8B | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $367.0M |
| 自由现金流率自由现金流/营收 | 30.0% | 9.3% |
| 资本支出强度资本支出/营收 | 11.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.49× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $5.7B | $2.2B |
8季度趋势，按日历期对齐
经营现金流AMATDASH
| Q4 25 | $2.8B | $421.0M | ||
| Q3 25 | $2.6B | $871.0M | ||
| Q2 25 | $1.6B | $504.0M | ||
| Q1 25 | $925.0M | $635.0M | ||
| Q4 24 | $2.6B | $518.0M | ||
| Q3 24 | $2.4B | $531.0M | ||
| Q2 24 | $1.4B | $530.0M | ||
| Q1 24 | $2.3B | $553.0M |
自由现金流AMATDASH
| Q4 25 | $2.0B | $367.0M | ||
| Q3 25 | $2.0B | $808.0M | ||
| Q2 25 | $1.1B | $438.0M | ||
| Q1 25 | $544.0M | $561.0M | ||
| Q4 24 | $2.2B | $486.0M | ||
| Q3 24 | $2.1B | $499.0M | ||
| Q2 24 | $1.1B | $507.0M | ||
| Q1 24 | $2.1B | $536.0M |
自由现金流率AMATDASH
| Q4 25 | 30.0% | 9.3% | ||
| Q3 25 | 28.1% | 23.4% | ||
| Q2 25 | 14.9% | 13.3% | ||
| Q1 25 | 7.6% | 18.5% | ||
| Q4 24 | 30.8% | 16.9% | ||
| Q3 24 | 30.8% | 18.4% | ||
| Q2 24 | 17.1% | 19.3% | ||
| Q1 24 | 31.3% | 21.3% |
资本支出强度AMATDASH
| Q4 25 | 11.5% | 1.4% | ||
| Q3 25 | 8.0% | 1.8% | ||
| Q2 25 | 7.2% | 2.0% | ||
| Q1 25 | 5.3% | 2.4% | ||
| Q4 24 | 5.8% | 1.1% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 3.9% | 0.9% | ||
| Q1 24 | 3.4% | 0.7% |
现金转化率AMATDASH
| Q4 25 | 1.49× | 1.98× | ||
| Q3 25 | 1.48× | 3.57× | ||
| Q2 25 | 0.74× | 1.77× | ||
| Q1 25 | 0.78× | 3.29× | ||
| Q4 24 | 1.49× | 3.67× | ||
| Q3 24 | 1.40× | 3.28× | ||
| Q2 24 | 0.81× | — | ||
| Q1 24 | 1.15× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMAT
| Semiconductor Systems Segment | $4.8B | 70% |
| Applied Global Services Segment | $1.6B | 24% |
| Other | $415.0M | 6% |
DASH
暂无分部数据
