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American Well Corp（AMWL）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是American Well Corp的71.5倍（$4.0B vs $55.3M）。DoorDash净利率更高（5.4% vs -45.1%，领先50.4%）。DoorDash同比增速更快（37.7% vs -22.1%）。DoorDash自由现金流更多（$367.0M vs $-17.4M）。过去两年DoorDash的营收复合增速更高（25.5% vs -3.6%）
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
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。
AMWL vs DASH — 直观对比
营收规模更大
DASH
是对方的71.5倍
$55.3M
营收增速更快
DASH
高出59.8%
-22.1%
净利率更高
DASH
高出50.4%
-45.1%
自由现金流更多
DASH
多$384.4M
$-17.4M
两年增速更快
DASH
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $4.0B |
| 净利润 | $-24.9M | $213.0M |
| 毛利率 | — | — |
| 营业利润率 | -45.5% | 3.7% |
| 净利率 | -45.1% | 5.4% |
| 营收同比 | -22.1% | 37.7% |
| 净利润同比 | 41.6% | 51.1% |
| 每股收益（稀释后） | $-1.53 | $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AMWLDASH
| Q4 25 | $55.3M | $4.0B | ||
| Q3 25 | $56.3M | $3.4B | ||
| Q2 25 | $70.9M | $3.3B | ||
| Q1 25 | $66.8M | $3.0B | ||
| Q4 24 | $71.0M | $2.9B | ||
| Q3 24 | $61.0M | $2.7B | ||
| Q2 24 | $62.8M | $2.6B | ||
| Q1 24 | $59.5M | $2.5B |
净利润AMWLDASH
| Q4 25 | $-24.9M | $213.0M | ||
| Q3 25 | $-32.4M | $244.0M | ||
| Q2 25 | $-19.7M | $285.0M | ||
| Q1 25 | $-18.7M | $193.0M | ||
| Q4 24 | $-42.7M | $141.0M | ||
| Q3 24 | $-43.5M | $162.0M | ||
| Q2 24 | $-49.9M | $-157.0M | ||
| Q1 24 | $-72.1M | $-23.0M |
营业利润率AMWLDASH
| Q4 25 | -45.5% | 3.7% | ||
| Q3 25 | -52.1% | 7.5% | ||
| Q2 25 | -28.7% | 5.0% | ||
| Q1 25 | -45.5% | 5.1% | ||
| Q4 24 | -60.2% | 4.1% | ||
| Q3 24 | -77.6% | 4.0% | ||
| Q2 24 | -83.4% | -7.6% | ||
| Q1 24 | -126.1% | -2.4% |
净利率AMWLDASH
| Q4 25 | -45.1% | 5.4% | ||
| Q3 25 | -57.5% | 7.1% | ||
| Q2 25 | -27.8% | 8.7% | ||
| Q1 25 | -28.0% | 6.4% | ||
| Q4 24 | -60.1% | 4.9% | ||
| Q3 24 | -71.2% | 6.0% | ||
| Q2 24 | -79.5% | -6.0% | ||
| Q1 24 | -121.1% | -0.9% |
每股收益（稀释后）AMWLDASH
| Q4 25 | $-1.53 | $0.49 | ||
| Q3 25 | $-2.00 | $0.55 | ||
| Q2 25 | $-1.24 | $0.65 | ||
| Q1 25 | $-1.19 | $0.44 | ||
| Q4 24 | $-2.71 | $0.35 | ||
| Q3 24 | $-2.87 | $0.38 | ||
| Q2 24 | $-3.36 | $-0.38 | ||
| Q1 24 | $-4.94 | $-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 | $182.3M | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $235.6M | $10.0B |
| 总资产 | $323.8M | $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AMWLDASH
| Q4 25 | $182.3M | $4.4B | ||
| Q3 25 | $200.9M | $3.3B | ||
| Q2 25 | $219.1M | $3.9B | ||
| Q1 25 | $222.4M | $4.5B | ||
| Q4 24 | $228.3M | $4.0B | ||
| Q3 24 | $244.6M | $3.7B | ||
| Q2 24 | $276.9M | $3.4B | ||
| Q1 24 | $308.6M | $3.1B |
股东权益AMWLDASH
| Q4 25 | $235.6M | $10.0B | ||
| Q3 25 | $254.9M | $9.5B | ||
| Q2 25 | $282.6M | $8.9B | ||
| Q1 25 | $294.0M | $8.4B | ||
| Q4 24 | $304.8M | $7.8B | ||
| Q3 24 | $336.7M | $7.6B | ||
| Q2 24 | $363.9M | $7.2B | ||
| Q1 24 | $408.7M | $7.0B |
总资产AMWLDASH
| Q4 25 | $323.8M | $19.7B | ||
| Q3 25 | $359.4M | $18.0B | ||
| Q2 25 | $388.7M | $16.9B | ||
| Q1 25 | $419.5M | $13.6B | ||
| Q4 24 | $436.0M | $12.8B | ||
| Q3 24 | $483.0M | $12.3B | ||
| Q2 24 | $507.8M | $11.8B | ||
| Q1 24 | $548.4M | $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 | $-17.4M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | $367.0M |
| 自由现金流率自由现金流/营收 | -31.4% | 9.3% |
| 资本支出强度资本支出/营收 | 0.0% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $2.2B |
8季度趋势，按日历期对齐
经营现金流AMWLDASH
| Q4 25 | $-17.4M | $421.0M | ||
| Q3 25 | $-18.8M | $871.0M | ||
| Q2 25 | $-4.7M | $504.0M | ||
| Q1 25 | $-25.1M | $635.0M | ||
| Q4 24 | $-13.4M | $518.0M | ||
| Q3 24 | $-32.4M | $531.0M | ||
| Q2 24 | $-21.8M | $530.0M | ||
| Q1 24 | $-59.8M | $553.0M |
自由现金流AMWLDASH
| Q4 25 | $-17.4M | $367.0M | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | — | $438.0M | ||
| Q1 25 | $-25.1M | $561.0M | ||
| Q4 24 | $-13.4M | $486.0M | ||
| Q3 24 | $-32.4M | $499.0M | ||
| Q2 24 | $-21.8M | $507.0M | ||
| Q1 24 | $-59.8M | $536.0M |
自由现金流率AMWLDASH
| Q4 25 | -31.4% | 9.3% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | -37.6% | 18.5% | ||
| Q4 24 | -18.9% | 16.9% | ||
| Q3 24 | -53.0% | 18.4% | ||
| Q2 24 | -34.7% | 19.3% | ||
| Q1 24 | -100.5% | 21.3% |
资本支出强度AMWLDASH
| Q4 25 | 0.0% | 1.4% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.0% | 2.0% | ||
| Q1 25 | 0.0% | 2.4% | ||
| Q4 24 | 0.0% | 1.1% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.0% | 0.9% | ||
| Q1 24 | 0.1% | 0.7% |
现金转化率AMWLDASH
| Q4 25 | — | 1.98× | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
DASH
暂无分部数据
