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亚马逊（AMZN）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
亚马逊的季度营收约是DoorDash的54.0倍（$213.4B vs $4.0B），亚马逊净利率更高（9.9% vs 5.4%，领先4.5%），DoorDash同比增速更快（37.7% vs 13.6%），亚马逊自由现金流更多（$14.9B vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 22.0%）
亚马逊是全球知名的综合电商与科技企业，业务覆盖北美及全球多个地区，设有北美零售、国际零售、亚马逊云科技（AWS）三大业务板块。除运营线上线下零售渠道、提供消费商品售卖与订阅服务外，也为第三方卖家提供销售平台，还自主研发销售Kindle、Fire平板等电子设备。
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。
AMZN vs DASH — 直观对比
营收规模更大
AMZN
是对方的54.0倍
$4.0B
营收增速更快
DASH
高出24.0%
13.6%
净利率更高
AMZN
高出4.5%
5.4%
自由现金流更多
AMZN
多$14.6B
$367.0M
两年增速更快
DASH
近两年复合增速
22.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $213.4B | $4.0B |
| 净利润 | $21.2B | $213.0M |
| 毛利率 | 48.5% | — |
| 营业利润率 | 11.7% | 3.7% |
| 净利率 | 9.9% | 5.4% |
| 营收同比 | 13.6% | 37.7% |
| 净利润同比 | 5.9% | 51.1% |
| 每股收益（稀释后） | $1.95 | $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AMZNDASH
| Q4 25 | $213.4B | $4.0B | ||
| Q3 25 | $180.2B | $3.4B | ||
| Q2 25 | $167.7B | $3.3B | ||
| Q1 25 | $155.7B | $3.0B | ||
| Q4 24 | $187.8B | $2.9B | ||
| Q3 24 | $158.9B | $2.7B | ||
| Q2 24 | $148.0B | $2.6B | ||
| Q1 24 | $143.3B | $2.5B |
净利润AMZNDASH
| Q4 25 | $21.2B | $213.0M | ||
| Q3 25 | $21.2B | $244.0M | ||
| Q2 25 | $18.2B | $285.0M | ||
| Q1 25 | $17.1B | $193.0M | ||
| Q4 24 | $20.0B | $141.0M | ||
| Q3 24 | $15.3B | $162.0M | ||
| Q2 24 | $13.5B | $-157.0M | ||
| Q1 24 | $10.4B | $-23.0M |
毛利率AMZNDASH
| Q4 25 | 48.5% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 51.8% | — | ||
| Q1 25 | 50.6% | — | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | 49.0% | — | ||
| Q2 24 | 50.1% | — | ||
| Q1 24 | 49.3% | — |
营业利润率AMZNDASH
| Q4 25 | 11.7% | 3.7% | ||
| Q3 25 | 9.7% | 7.5% | ||
| Q2 25 | 11.4% | 5.0% | ||
| Q1 25 | 11.8% | 5.1% | ||
| Q4 24 | 11.3% | 4.1% | ||
| Q3 24 | 11.0% | 4.0% | ||
| Q2 24 | 9.9% | -7.6% | ||
| Q1 24 | 10.7% | -2.4% |
净利率AMZNDASH
| Q4 25 | 9.9% | 5.4% | ||
| Q3 25 | 11.8% | 7.1% | ||
| Q2 25 | 10.8% | 8.7% | ||
| Q1 25 | 11.0% | 6.4% | ||
| Q4 24 | 10.7% | 4.9% | ||
| Q3 24 | 9.6% | 6.0% | ||
| Q2 24 | 9.1% | -6.0% | ||
| Q1 24 | 7.3% | -0.9% |
每股收益（稀释后）AMZNDASH
| Q4 25 | $1.95 | $0.49 | ||
| Q3 25 | $1.95 | $0.55 | ||
| Q2 25 | $1.68 | $0.65 | ||
| Q1 25 | $1.59 | $0.44 | ||
| Q4 24 | $1.86 | $0.35 | ||
| Q3 24 | $1.43 | $0.38 | ||
| Q2 24 | $1.26 | $-0.38 | ||
| Q1 24 | $0.98 | $-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 | $123.0B | $4.4B |
| 总债务越低越好 | $68.8B | — |
| 股东权益账面价值 | $411.1B | $10.0B |
| 总资产 | $818.0B | $19.7B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AMZNDASH
| Q4 25 | $123.0B | $4.4B | ||
| Q3 25 | $94.2B | $3.3B | ||
| Q2 25 | $93.2B | $3.9B | ||
| Q1 25 | $94.6B | $4.5B | ||
| Q4 24 | $101.2B | $4.0B | ||
| Q3 24 | $88.1B | $3.7B | ||
| Q2 24 | $89.1B | $3.4B | ||
| Q1 24 | $85.1B | $3.1B |
总债务AMZNDASH
| Q4 25 | $68.8B | — | ||
| Q3 25 | $55.1B | — | ||
| Q2 25 | $56.1B | — | ||
| Q1 25 | $58.8B | — | ||
| Q4 24 | $58.0B | — | ||
| Q3 24 | $60.5B | — | ||
| Q2 24 | $62.7B | — | ||
| Q1 24 | $66.9B | — |
股东权益AMZNDASH
| Q4 25 | $411.1B | $10.0B | ||
| Q3 25 | $369.6B | $9.5B | ||
| Q2 25 | $333.8B | $8.9B | ||
| Q1 25 | $305.9B | $8.4B | ||
| Q4 24 | $286.0B | $7.8B | ||
| Q3 24 | $259.2B | $7.6B | ||
| Q2 24 | $236.4B | $7.2B | ||
| Q1 24 | $216.7B | $7.0B |
总资产AMZNDASH
| Q4 25 | $818.0B | $19.7B | ||
| Q3 25 | $727.9B | $18.0B | ||
| Q2 25 | $682.2B | $16.9B | ||
| Q1 25 | $643.3B | $13.6B | ||
| Q4 24 | $624.9B | $12.8B | ||
| Q3 24 | $584.6B | $12.3B | ||
| Q2 24 | $554.8B | $11.8B | ||
| Q1 24 | $531.0B | $11.4B |
负债/权益比AMZNDASH
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.31× | — |
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 | $54.5B | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9B | $367.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 9.3% |
| 资本支出强度资本支出/营收 | 18.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $7.7B | $2.2B |
8季度趋势，按日历期对齐
经营现金流AMZNDASH
| Q4 25 | $54.5B | $421.0M | ||
| Q3 25 | $35.5B | $871.0M | ||
| Q2 25 | $32.5B | $504.0M | ||
| Q1 25 | $17.0B | $635.0M | ||
| Q4 24 | $45.6B | $518.0M | ||
| Q3 24 | $26.0B | $531.0M | ||
| Q2 24 | $25.3B | $530.0M | ||
| Q1 24 | $19.0B | $553.0M |
自由现金流AMZNDASH
| Q4 25 | $14.9B | $367.0M | ||
| Q3 25 | $430.0M | $808.0M | ||
| Q2 25 | $332.0M | $438.0M | ||
| Q1 25 | $-8.0B | $561.0M | ||
| Q4 24 | $17.8B | $486.0M | ||
| Q3 24 | $3.4B | $499.0M | ||
| Q2 24 | $7.7B | $507.0M | ||
| Q1 24 | $4.1B | $536.0M |
自由现金流率AMZNDASH
| Q4 25 | 7.0% | 9.3% | ||
| Q3 25 | 0.2% | 23.4% | ||
| Q2 25 | 0.2% | 13.3% | ||
| Q1 25 | -5.1% | 18.5% | ||
| Q4 24 | 9.5% | 16.9% | ||
| Q3 24 | 2.1% | 18.4% | ||
| Q2 24 | 5.2% | 19.3% | ||
| Q1 24 | 2.8% | 21.3% |
资本支出强度AMZNDASH
| Q4 25 | 18.5% | 1.4% | ||
| Q3 25 | 19.5% | 1.8% | ||
| Q2 25 | 19.2% | 2.0% | ||
| Q1 25 | 16.1% | 2.4% | ||
| Q4 24 | 14.8% | 1.1% | ||
| Q3 24 | 14.2% | 1.2% | ||
| Q2 24 | 11.9% | 0.9% | ||
| Q1 24 | 10.4% | 0.7% |
现金转化率AMZNDASH
| Q4 25 | 2.57× | 1.98× | ||
| Q3 25 | 1.68× | 3.57× | ||
| Q2 25 | 1.79× | 1.77× | ||
| Q1 25 | 0.99× | 3.29× | ||
| Q4 24 | 2.28× | 3.67× | ||
| Q3 24 | 1.69× | 3.28× | ||
| Q2 24 | 1.87× | — | ||
| Q1 24 | 1.82× | — |
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
AMZN
| Products | $90.0B | 42% |
| Third Party Seller Services | $52.8B | 25% |
| Other | $49.9B | 23% |
| Subscription Services | $13.1B | 6% |
| Physical Stores | $5.9B | 3% |
| Other Services | $1.7B | 1% |
DASH
暂无分部数据
