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空气化工产品公司（APD）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是空气化工产品公司的1.3倍（$4.0B vs $3.2B），空气化工产品公司净利率更高（22.9% vs 7.1%，领先15.8%），空气化工产品公司同比增速更快（8.8% vs 8.3%），过去两年DoorDash的营收复合增速更高（23.9% vs 3.1%）
空气化工产品公司是全球知名的工业气体供应商，业务覆盖全球各地，主营大气气体、工艺气体、特种气体、相关设备及服务，产品涵盖氧气、氮气、氩气、氢气、氦气、二氧化碳、一氧化碳、合成气等，同时供应空分装置、非低温发生器等气体生产处理设备，服务炼油、化工、气化等多个行业领域。
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。
APD vs DASH — 直观对比
营收规模更大
DASH
是对方的1.3倍
$3.2B
营收增速更快
APD
高出0.5%
8.3%
净利率更高
APD
高出15.8%
7.1%
两年增速更快
DASH
近两年复合增速
3.1%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.0B |
| 净利润 | $724.8M | $285.0M |
| 毛利率 | 31.1% | 39.8% |
| 营业利润率 | — | 3.7% |
| 净利率 | 22.9% | 7.1% |
| 营收同比 | 8.8% | 8.3% |
| 净利润同比 | 166.6% | 47.7% |
| 每股收益（稀释后） | $3.19 | $0.42 |
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APDDASH
| Q1 26 | $3.2B | $4.0B | ||
| Q4 25 | $3.1B | $4.0B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.0B | $3.3B | ||
| Q1 25 | $2.9B | $3.0B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $3.2B | $2.7B | ||
| Q2 24 | $3.0B | $2.6B |
净利润APDDASH
| Q1 26 | $724.8M | $285.0M | ||
| Q4 25 | $678.2M | $213.0M | ||
| Q3 25 | $4.9M | $244.0M | ||
| Q2 25 | $713.8M | $285.0M | ||
| Q1 25 | $-1.7B | $193.0M | ||
| Q4 24 | $617.4M | $141.0M | ||
| Q3 24 | $1.9B | $162.0M | ||
| Q2 24 | $696.6M | $-157.0M |
毛利率APDDASH
| Q1 26 | 31.1% | 39.8% | ||
| Q4 25 | 32.1% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 31.2% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 32.8% | — |
营业利润率APDDASH
| Q1 26 | — | 3.7% | ||
| Q4 25 | 23.7% | 3.7% | ||
| Q3 25 | 0.5% | 7.5% | ||
| Q2 25 | 26.2% | 5.0% | ||
| Q1 25 | -79.8% | 5.1% | ||
| Q4 24 | 22.0% | 4.1% | ||
| Q3 24 | 76.1% | 4.0% | ||
| Q2 24 | 24.7% | -7.6% |
净利率APDDASH
| Q1 26 | 22.9% | 7.1% | ||
| Q4 25 | 21.9% | 5.4% | ||
| Q3 25 | 0.2% | 7.1% | ||
| Q2 25 | 23.6% | 8.7% | ||
| Q1 25 | -59.3% | 6.4% | ||
| Q4 24 | 21.1% | 4.9% | ||
| Q3 24 | 61.2% | 6.0% | ||
| Q2 24 | 23.3% | -6.0% |
每股收益（稀释后）APDDASH
| Q1 26 | $3.19 | $0.42 | ||
| Q4 25 | $3.04 | $0.49 | ||
| Q3 25 | $0.03 | $0.55 | ||
| Q2 25 | $3.20 | $0.65 | ||
| Q1 25 | $-7.77 | $0.44 | ||
| Q4 24 | $2.77 | $0.35 | ||
| Q3 24 | $8.75 | $0.38 | ||
| Q2 24 | $3.13 | $-0.38 |
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 | — | $5.5B |
| 总债务越低越好 | $17.4M | — |
| 股东权益账面价值 | $18.1M | $10.2B |
| 总资产 | $41.6M | $19.7B |
| 负债/权益比越低杠杆越低 | 0.96× | — |
8季度趋势，按日历期对齐
现金及短期投资APDDASH
| Q1 26 | — | $5.5B | ||
| Q4 25 | $1.0B | $4.4B | ||
| Q3 25 | $1.9B | $3.3B | ||
| Q2 25 | $2.3B | $3.9B | ||
| Q1 25 | $1.6B | $4.5B | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $3.0B | $3.7B | ||
| Q2 24 | $2.4B | $3.4B |
总债务APDDASH
| Q1 26 | $17.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APDDASH
| Q1 26 | $18.1M | $10.2B | ||
| Q4 25 | $15.4B | $10.0B | ||
| Q3 25 | $15.0B | $9.5B | ||
| Q2 25 | $15.5B | $8.9B | ||
| Q1 25 | $14.7B | $8.4B | ||
| Q4 24 | $16.7B | $7.8B | ||
| Q3 24 | $17.0B | $7.6B | ||
| Q2 24 | $15.1B | $7.2B |
总资产APDDASH
| Q1 26 | $41.6M | $19.7B | ||
| Q4 25 | $41.2B | $19.7B | ||
| Q3 25 | $41.1B | $18.0B | ||
| Q2 25 | $41.7B | $16.9B | ||
| Q1 25 | $38.9B | $13.6B | ||
| Q4 24 | $40.0B | $12.8B | ||
| Q3 24 | $39.6B | $12.3B | ||
| Q2 24 | $37.0B | $11.8B |
负债/权益比APDDASH
| Q1 26 | 0.96× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $504.0M |
| 自由现金流经营现金流 - 资本支出 | — | $355.0M |
| 自由现金流率自由现金流/营收 | — | 8.8% |
| 资本支出强度资本支出/营收 | 56.4% | — |
| 现金转化率经营现金流/净利润 | — | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流APDDASH
| Q1 26 | — | $504.0M | ||
| Q4 25 | $900.7M | $421.0M | ||
| Q3 25 | — | $871.0M | ||
| Q2 25 | $855.8M | $504.0M | ||
| Q1 25 | $328.1M | $635.0M | ||
| Q4 24 | $811.7M | $518.0M | ||
| Q3 24 | — | $531.0M | ||
| Q2 24 | $1.3B | $530.0M |
自由现金流APDDASH
| Q1 26 | — | $355.0M | ||
| Q4 25 | $-350.5M | $367.0M | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | $-640.0M | $438.0M | ||
| Q1 25 | $-1.6B | $561.0M | ||
| Q4 24 | $-1.3B | $486.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | $-345.2M | $507.0M |
自由现金流率APDDASH
| Q1 26 | — | 8.8% | ||
| Q4 25 | -11.3% | 9.3% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | -21.2% | 13.3% | ||
| Q1 25 | -53.6% | 18.5% | ||
| Q4 24 | -44.5% | 16.9% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | -11.6% | 19.3% |
资本支出强度APDDASH
| Q1 26 | 56.4% | — | ||
| Q4 25 | 40.3% | 1.4% | ||
| Q3 25 | 47.9% | 1.8% | ||
| Q2 25 | 49.5% | 2.0% | ||
| Q1 25 | 64.9% | 2.4% | ||
| Q4 24 | 72.2% | 1.1% | ||
| Q3 24 | 65.1% | 1.2% | ||
| Q2 24 | 53.8% | 0.9% |
现金转化率APDDASH
| Q1 26 | — | 1.77× | ||
| Q4 25 | 1.33× | 1.98× | ||
| Q3 25 | — | 3.57× | ||
| Q2 25 | 1.20× | 1.77× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | 1.31× | 3.67× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | 1.81× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
