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天弘科技（CLS）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
天弘科技的季度营收约是DoorDash的1.0倍（$4.0B vs $4.0B），DoorDash净利率更高（5.4% vs 5.2%，领先0.1%），天弘科技同比增速更快（52.8% vs 37.7%），DoorDash自由现金流更多（$367.0M vs $137.9M），过去两年天弘科技的营收复合增速更高（35.4% vs 25.5%）
天弘科技（Celestica Inc.）是总部位于加拿大安大略省多伦多的跨国电子制造服务（EMS）企业，业务涵盖设计、生产制造、硬件平台搭建及供应链服务，目前在全球15个国家设有50个运营站点，为各行业客户提供专业的电子产业链相关解决方案。
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。
CLS vs DASH — 直观对比
营收规模更大
CLS
是对方的1.0倍
$4.0B
营收增速更快
CLS
高出15.1%
37.7%
净利率更高
DASH
高出0.1%
5.2%
自由现金流更多
DASH
多$229.1M
$137.9M
两年增速更快
CLS
近两年复合增速
25.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.0B |
| 净利润 | $212.3M | $213.0M |
| 毛利率 | 10.8% | — |
| 营业利润率 | 6723.5% | 3.7% |
| 净利率 | 5.2% | 5.4% |
| 营收同比 | 52.8% | 37.7% |
| 净利润同比 | 146.3% | 51.1% |
| 每股收益（稀释后） | $1.83 | $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CLSDASH
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.7B | $4.0B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $2.9B | $3.3B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $2.5B | $2.7B | ||
| Q2 24 | $2.4B | $2.6B |
净利润CLSDASH
| Q1 26 | $212.3M | — | ||
| Q4 25 | $267.5M | $213.0M | ||
| Q3 25 | $267.8M | $244.0M | ||
| Q2 25 | $211.0M | $285.0M | ||
| Q1 25 | $86.2M | $193.0M | ||
| Q4 24 | — | $141.0M | ||
| Q3 24 | $89.5M | $162.0M | ||
| Q2 24 | $95.0M | $-157.0M |
毛利率CLSDASH
| Q1 26 | 10.8% | — | ||
| Q4 25 | 11.8% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 12.8% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 10.6% | — |
营业利润率CLSDASH
| Q1 26 | 6723.5% | — | ||
| Q4 25 | 8.6% | 3.7% | ||
| Q3 25 | 10.2% | 7.5% | ||
| Q2 25 | 9.4% | 5.0% | ||
| Q1 25 | 4.9% | 5.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | 5.5% | 4.0% | ||
| Q2 24 | 5.6% | -7.6% |
净利率CLSDASH
| Q1 26 | 5.2% | — | ||
| Q4 25 | 7.3% | 5.4% | ||
| Q3 25 | 8.4% | 7.1% | ||
| Q2 25 | 7.3% | 8.7% | ||
| Q1 25 | 3.3% | 6.4% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | 3.6% | 6.0% | ||
| Q2 24 | 4.0% | -6.0% |
每股收益（稀释后）CLSDASH
| Q1 26 | $1.83 | — | ||
| Q4 25 | $2.29 | $0.49 | ||
| Q3 25 | $2.31 | $0.55 | ||
| Q2 25 | $1.82 | $0.65 | ||
| Q1 25 | $0.74 | $0.44 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | $0.75 | $0.38 | ||
| Q2 24 | $0.80 | $-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 | $378.0M | $4.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $10.0B |
| 总资产 | $8260.0B | $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CLSDASH
| Q1 26 | $378.0M | — | ||
| Q4 25 | $595.6M | $4.4B | ||
| Q3 25 | $305.9M | $3.3B | ||
| Q2 25 | $313.8M | $3.9B | ||
| Q1 25 | $303.0M | $4.5B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.4B |
总债务CLSDASH
| Q1 26 | — | — | ||
| Q4 25 | $750.5M | — | ||
| Q3 25 | $756.7M | — | ||
| Q2 25 | $848.6M | — | ||
| Q1 25 | $915.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CLSDASH
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $10.0B | ||
| Q3 25 | $2.0B | $9.5B | ||
| Q2 25 | $1.8B | $8.9B | ||
| Q1 25 | $1.6B | $8.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | $1.8B | $7.6B | ||
| Q2 24 | $1.8B | $7.2B |
总资产CLSDASH
| Q1 26 | $8260.0B | — | ||
| Q4 25 | $7.2B | $19.7B | ||
| Q3 25 | $6.6B | $18.0B | ||
| Q2 25 | $6.2B | $16.9B | ||
| Q1 25 | $5.8B | $13.6B | ||
| Q4 24 | — | $12.8B | ||
| Q3 24 | — | $12.3B | ||
| Q2 24 | — | $11.8B |
负债/权益比CLSDASH
| Q1 26 | — | — | ||
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.59× | — | ||
| 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 | $356.3M | $421.0M |
| 自由现金流经营现金流 - 资本支出 | $137.9M | $367.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 9.3% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.68× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $502.6M | $2.2B |
8季度趋势，按日历期对齐
经营现金流CLSDASH
| Q1 26 | $356.3M | — | ||
| Q4 25 | $250.6M | $421.0M | ||
| Q3 25 | $126.2M | $871.0M | ||
| Q2 25 | $152.4M | $504.0M | ||
| Q1 25 | $130.3M | $635.0M | ||
| Q4 24 | — | $518.0M | ||
| Q3 24 | $122.8M | $531.0M | ||
| Q2 24 | $99.6M | $530.0M |
自由现金流CLSDASH
| Q1 26 | $137.9M | — | ||
| Q4 25 | $155.9M | $367.0M | ||
| Q3 25 | $88.9M | $808.0M | ||
| Q2 25 | $119.9M | $438.0M | ||
| Q1 25 | $93.6M | $561.0M | ||
| Q4 24 | — | $486.0M | ||
| Q3 24 | $76.8M | $499.0M | ||
| Q2 24 | $62.7M | $507.0M |
自由现金流率CLSDASH
| Q1 26 | 3.4% | — | ||
| Q4 25 | 4.3% | 9.3% | ||
| Q3 25 | 2.8% | 23.4% | ||
| Q2 25 | 4.1% | 13.3% | ||
| Q1 25 | 3.5% | 18.5% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | 3.1% | 18.4% | ||
| Q2 24 | 2.6% | 19.3% |
资本支出强度CLSDASH
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.4% | ||
| Q3 25 | 1.2% | 1.8% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.4% | 2.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 1.5% | 0.9% |
现金转化率CLSDASH
| Q1 26 | 1.68× | — | ||
| Q4 25 | 0.94× | 1.98× | ||
| Q3 25 | 0.47× | 3.57× | ||
| Q2 25 | 0.72× | 1.77× | ||
| Q1 25 | 1.51× | 3.29× | ||
| Q4 24 | — | 3.67× | ||
| Q3 24 | 1.37× | 3.28× | ||
| Q2 24 | 1.05× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
