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加拿大国家铁路（CP）与DoorDash（DASH）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是加拿大国家铁路的1.4倍（$4.0B vs $2.8B），加拿大国家铁路净利率更高（27.7% vs 7.1%，领先20.6%），DoorDash同比增速更快（8.3% vs 1.3%），加拿大国家铁路自由现金流更多（$537.3M vs $355.0M），过去两年DoorDash的营收复合增速更高（23.9% vs 5.6%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
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。
CP vs DASH — 直观对比
营收规模更大
DASH
是对方的1.4倍
$2.8B
营收增速更快
DASH
高出7.0%
1.3%
净利率更高
CP
高出20.6%
7.1%
自由现金流更多
CP
多$182.3M
$355.0M
两年增速更快
DASH
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.0B |
| 净利润 | $786.2M | $285.0M |
| 毛利率 | — | 39.8% |
| 营业利润率 | 41.4% | 3.7% |
| 净利率 | 27.7% | 7.1% |
| 营收同比 | 1.3% | 8.3% |
| 净利润同比 | -10.3% | 47.7% |
| 每股收益（稀释后） | — | $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CPDASH
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.8B | $4.0B | ||
| Q3 25 | $2.7B | $3.4B | ||
| Q2 25 | $2.7B | $3.3B | ||
| Q1 25 | $2.8B | $3.0B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.6B | $2.7B | ||
| Q2 24 | $2.6B | $2.6B |
净利润CPDASH
| Q1 26 | — | $285.0M | ||
| Q4 25 | $786.2M | $213.0M | ||
| Q3 25 | $671.6M | $244.0M | ||
| Q2 25 | $900.8M | $285.0M | ||
| Q1 25 | $664.3M | $193.0M | ||
| Q4 24 | $876.7M | $141.0M | ||
| Q3 24 | $611.0M | $162.0M | ||
| Q2 24 | $660.6M | $-157.0M |
毛利率CPDASH
| Q1 26 | — | 39.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率CPDASH
| Q1 26 | — | 3.7% | ||
| Q4 25 | 41.4% | 3.7% | ||
| Q3 25 | 36.8% | 7.5% | ||
| Q2 25 | 36.6% | 5.0% | ||
| Q1 25 | 35.0% | 5.1% | ||
| Q4 24 | 40.6% | 4.1% | ||
| Q3 24 | 34.3% | 4.0% | ||
| Q2 24 | 35.4% | -7.6% |
净利率CPDASH
| Q1 26 | — | 7.1% | ||
| Q4 25 | 27.7% | 5.4% | ||
| Q3 25 | 25.3% | 7.1% | ||
| Q2 25 | 33.6% | 8.7% | ||
| Q1 25 | 24.2% | 6.4% | ||
| Q4 24 | 31.2% | 4.9% | ||
| Q3 24 | 23.9% | 6.0% | ||
| Q2 24 | 25.3% | -6.0% |
每股收益（稀释后）CPDASH
| Q1 26 | — | $0.42 | ||
| Q4 25 | — | $0.49 | ||
| Q3 25 | — | $0.55 | ||
| Q2 25 | — | $0.65 | ||
| Q1 25 | — | $0.44 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $0.38 | ||
| Q2 24 | — | $-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 | $134.3M | $5.5B |
| 总债务越低越好 | $14.6B | — |
| 股东权益账面价值 | $33.5B | $10.2B |
| 总资产 | $62.7B | $19.7B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CPDASH
| Q1 26 | — | $5.5B | ||
| Q4 25 | $134.3M | $4.4B | ||
| Q3 25 | $300.0M | $3.3B | ||
| Q2 25 | $583.3M | $3.9B | ||
| Q1 25 | $507.4M | $4.5B | ||
| Q4 24 | $539.5M | $4.0B | ||
| Q3 24 | $338.0M | $3.7B | ||
| Q2 24 | $406.6M | $3.4B |
总债务CPDASH
| Q1 26 | — | — | ||
| Q4 25 | $14.6B | — | ||
| Q3 25 | $15.8B | — | ||
| Q2 25 | $15.5B | — | ||
| Q1 25 | $15.4B | — | ||
| Q4 24 | $14.5B | — | ||
| Q3 24 | $13.7B | — | ||
| Q2 24 | $13.8B | — |
股东权益CPDASH
| Q1 26 | — | $10.2B | ||
| Q4 25 | $33.5B | $10.0B | ||
| Q3 25 | $33.4B | $9.5B | ||
| Q2 25 | $33.7B | $8.9B | ||
| Q1 25 | $35.2B | $8.4B | ||
| Q4 24 | $35.0B | $7.8B | ||
| Q3 24 | $32.2B | $7.6B | ||
| Q2 24 | $32.0B | $7.2B |
总资产CPDASH
| Q1 26 | — | $19.7B | ||
| Q4 25 | $62.7B | $19.7B | ||
| Q3 25 | $63.3B | $18.0B | ||
| Q2 25 | $62.2B | $16.9B | ||
| Q1 25 | $64.3B | $13.6B | ||
| Q4 24 | $64.1B | $12.8B | ||
| Q3 24 | $60.0B | $12.3B | ||
| Q2 24 | $60.4B | $11.8B |
负债/权益比CPDASH
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — |
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 | $1.1B | $504.0M |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $355.0M |
| 自由现金流率自由现金流/营收 | 18.9% | 8.8% |
| 资本支出强度资本支出/营收 | 20.2% | — |
| 现金转化率经营现金流/净利润 | 1.42× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $1.6B | $2.0B |
8季度趋势，按日历期对齐
经营现金流CPDASH
| Q1 26 | — | $504.0M | ||
| Q4 25 | $1.1B | $421.0M | ||
| Q3 25 | $930.0M | $871.0M | ||
| Q2 25 | $989.1M | $504.0M | ||
| Q1 25 | $843.9M | $635.0M | ||
| Q4 24 | $1.2B | $518.0M | ||
| Q3 24 | $928.6M | $531.0M | ||
| Q2 24 | $932.9M | $530.0M |
自由现金流CPDASH
| Q1 26 | — | $355.0M | ||
| Q4 25 | $537.3M | $367.0M | ||
| Q3 25 | $302.2M | $808.0M | ||
| Q2 25 | $446.8M | $438.0M | ||
| Q1 25 | $324.9M | $561.0M | ||
| Q4 24 | $702.3M | $486.0M | ||
| Q3 24 | $382.5M | $499.0M | ||
| Q2 24 | $343.1M | $507.0M |
自由现金流率CPDASH
| Q1 26 | — | 8.8% | ||
| Q4 25 | 18.9% | 9.3% | ||
| Q3 25 | 11.4% | 23.4% | ||
| Q2 25 | 16.7% | 13.3% | ||
| Q1 25 | 11.8% | 18.5% | ||
| Q4 24 | 25.0% | 16.9% | ||
| Q3 24 | 15.0% | 18.4% | ||
| Q2 24 | 13.1% | 19.3% |
资本支出强度CPDASH
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 1.4% | ||
| Q3 25 | 23.7% | 1.8% | ||
| Q2 25 | 20.2% | 2.0% | ||
| Q1 25 | 18.9% | 2.4% | ||
| Q4 24 | 19.3% | 1.1% | ||
| Q3 24 | 21.4% | 1.2% | ||
| Q2 24 | 22.6% | 0.9% |
现金转化率CPDASH
| Q1 26 | — | 1.77× | ||
| Q4 25 | 1.42× | 1.98× | ||
| Q3 25 | 1.38× | 3.57× | ||
| Q2 25 | 1.10× | 1.77× | ||
| Q1 25 | 1.27× | 3.29× | ||
| Q4 24 | 1.42× | 3.67× | ||
| Q3 24 | 1.52× | 3.28× | ||
| Q2 24 | 1.41× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
