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C.H. Robinson（CHRW）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C.H. Robinson的1.0倍（$4.0B vs $3.9B），DoorDash净利率更高（5.4% vs 3.5%，领先1.9%），DoorDash同比增速更快（37.7% vs -6.5%），DoorDash自由现金流更多（$367.0M vs $302.4M），过去两年DoorDash的营收复合增速更高（25.5% vs -5.8%）
C.H. Robinson是美国知名第三方物流与运输服务企业，业务涵盖货运代理、运输管理、中介经纪及仓储服务，可提供整车、零担、空运、多式联运、海运等多种运输解决方案，满足全球客户差异化物流需求。
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。
CHRW vs DASH — 直观对比
营收规模更大
DASH
是对方的1.0倍
$3.9B
营收增速更快
DASH
高出44.2%
-6.5%
净利率更高
DASH
高出1.9%
3.5%
自由现金流更多
DASH
多$64.6M
$302.4M
两年增速更快
DASH
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.0B |
| 净利润 | $136.3M | $213.0M |
| 毛利率 | — | — |
| 营业利润率 | 4.6% | 3.7% |
| 净利率 | 3.5% | 5.4% |
| 营收同比 | -6.5% | 37.7% |
| 净利润同比 | -8.7% | 51.1% |
| 每股收益（稀释后） | $1.12 | $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CHRWDASH
| Q4 25 | $3.9B | $4.0B | ||
| Q3 25 | $4.1B | $3.4B | ||
| Q2 25 | $4.1B | $3.3B | ||
| Q1 25 | $4.0B | $3.0B | ||
| Q4 24 | $4.2B | $2.9B | ||
| Q3 24 | $4.6B | $2.7B | ||
| Q2 24 | $4.5B | $2.6B | ||
| Q1 24 | $4.4B | $2.5B |
净利润CHRWDASH
| Q4 25 | $136.3M | $213.0M | ||
| Q3 25 | $163.0M | $244.0M | ||
| Q2 25 | $152.5M | $285.0M | ||
| Q1 25 | $135.3M | $193.0M | ||
| Q4 24 | $149.3M | $141.0M | ||
| Q3 24 | $97.2M | $162.0M | ||
| Q2 24 | $126.3M | $-157.0M | ||
| Q1 24 | $92.9M | $-23.0M |
营业利润率CHRWDASH
| Q4 25 | 4.6% | 3.7% | ||
| Q3 25 | 5.3% | 7.5% | ||
| Q2 25 | 5.2% | 5.0% | ||
| Q1 25 | 4.4% | 5.1% | ||
| Q4 24 | 4.4% | 4.1% | ||
| Q3 24 | 3.9% | 4.0% | ||
| Q2 24 | 4.0% | -7.6% | ||
| Q1 24 | 2.9% | -2.4% |
净利率CHRWDASH
| Q4 25 | 3.5% | 5.4% | ||
| Q3 25 | 3.9% | 7.1% | ||
| Q2 25 | 3.7% | 8.7% | ||
| Q1 25 | 3.3% | 6.4% | ||
| Q4 24 | 3.6% | 4.9% | ||
| Q3 24 | 2.1% | 6.0% | ||
| Q2 24 | 2.8% | -6.0% | ||
| Q1 24 | 2.1% | -0.9% |
每股收益（稀释后）CHRWDASH
| Q4 25 | $1.12 | $0.49 | ||
| Q3 25 | $1.34 | $0.55 | ||
| Q2 25 | $1.26 | $0.65 | ||
| Q1 25 | $1.11 | $0.44 | ||
| Q4 24 | $1.23 | $0.35 | ||
| Q3 24 | $0.80 | $0.38 | ||
| Q2 24 | $1.05 | $-0.38 | ||
| Q1 24 | $0.78 | $-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 | $160.9M | $4.4B |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.8B | $10.0B |
| 总资产 | $5.1B | $19.7B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资CHRWDASH
| Q4 25 | $160.9M | $4.4B | ||
| Q3 25 | $136.8M | $3.3B | ||
| Q2 25 | $156.0M | $3.9B | ||
| Q1 25 | $129.9M | $4.5B | ||
| Q4 24 | $145.8M | $4.0B | ||
| Q3 24 | $131.7M | $3.7B | ||
| Q2 24 | $113.2M | $3.4B | ||
| Q1 24 | $121.8M | $3.1B |
总债务CHRWDASH
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHRWDASH
| Q4 25 | $1.8B | $10.0B | ||
| Q3 25 | $1.9B | $9.5B | ||
| Q2 25 | $1.8B | $8.9B | ||
| Q1 25 | $1.7B | $8.4B | ||
| Q4 24 | $1.7B | $7.8B | ||
| Q3 24 | $1.6B | $7.6B | ||
| Q2 24 | $1.5B | $7.2B | ||
| Q1 24 | $1.4B | $7.0B |
总资产CHRWDASH
| Q4 25 | $5.1B | $19.7B | ||
| Q3 25 | $5.2B | $18.0B | ||
| Q2 25 | $5.3B | $16.9B | ||
| Q1 25 | $5.2B | $13.6B | ||
| Q4 24 | $5.3B | $12.8B | ||
| Q3 24 | $5.6B | $12.3B | ||
| Q2 24 | $5.5B | $11.8B | ||
| Q1 24 | $5.5B | $11.4B |
负债/权益比CHRWDASH
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.76× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 1.19× | — |
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 | $305.4M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $302.4M | $367.0M |
| 自由现金流率自由现金流/营收 | 7.7% | 9.3% |
| 资本支出强度资本支出/营收 | 0.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.24× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $894.9M | $2.2B |
8季度趋势，按日历期对齐
经营现金流CHRWDASH
| Q4 25 | $305.4M | $421.0M | ||
| Q3 25 | $275.4M | $871.0M | ||
| Q2 25 | $227.1M | $504.0M | ||
| Q1 25 | $106.5M | $635.0M | ||
| Q4 24 | $267.9M | $518.0M | ||
| Q3 24 | $108.1M | $531.0M | ||
| Q2 24 | $166.4M | $530.0M | ||
| Q1 24 | $-33.3M | $553.0M |
自由现金流CHRWDASH
| Q4 25 | $302.4M | $367.0M | ||
| Q3 25 | $269.5M | $808.0M | ||
| Q2 25 | $219.8M | $438.0M | ||
| Q1 25 | $103.2M | $561.0M | ||
| Q4 24 | $265.3M | $486.0M | ||
| Q3 24 | $103.3M | $499.0M | ||
| Q2 24 | $159.8M | $507.0M | ||
| Q1 24 | $-41.9M | $536.0M |
自由现金流率CHRWDASH
| Q4 25 | 7.7% | 9.3% | ||
| Q3 25 | 6.5% | 23.4% | ||
| Q2 25 | 5.3% | 13.3% | ||
| Q1 25 | 2.5% | 18.5% | ||
| Q4 24 | 6.3% | 16.9% | ||
| Q3 24 | 2.2% | 18.4% | ||
| Q2 24 | 3.6% | 19.3% | ||
| Q1 24 | -1.0% | 21.3% |
资本支出强度CHRWDASH
| Q4 25 | 0.1% | 1.4% | ||
| Q3 25 | 0.1% | 1.8% | ||
| Q2 25 | 0.2% | 2.0% | ||
| Q1 25 | 0.1% | 2.4% | ||
| Q4 24 | 0.1% | 1.1% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.2% | 0.7% |
现金转化率CHRWDASH
| Q4 25 | 2.24× | 1.98× | ||
| Q3 25 | 1.69× | 3.57× | ||
| Q2 25 | 1.49× | 1.77× | ||
| Q1 25 | 0.79× | 3.29× | ||
| Q4 24 | 1.79× | 3.67× | ||
| Q3 24 | 1.11× | 3.28× | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | -0.36× | — |
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
CHRW
| North American Service Transportation NAST | $2.8B | 72% |
| Global Forwarding | $731.0M | 19% |
| Sourcing | $340.9M | 9% |
DASH
暂无分部数据
