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DoorDash（DASH）与美国艺电（EA）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是美国艺电的1.9倍（$4.0B vs $2.1B），美国艺电净利率更高（21.7% vs 7.1%，领先14.7%），DoorDash同比增速更快（8.3% vs 1.0%），美国艺电自由现金流更多（$495.0M vs $355.0M），过去两年DoorDash的营收复合增速更高（23.9% vs 13.0%）
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。
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
DASH vs EA — 直观对比
营收规模更大
DASH
是对方的1.9倍
$2.1B
营收增速更快
DASH
高出7.3%
1.0%
净利率更高
EA
高出14.7%
7.1%
自由现金流更多
EA
多$140.0M
$355.0M
两年增速更快
DASH
近两年复合增速
13.0%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.1B |
| 净利润 | $285.0M | $461.0M |
| 毛利率 | 39.8% | 82.8% |
| 营业利润率 | 3.7% | 26.6% |
| 净利率 | 7.1% | 21.7% |
| 营收同比 | 8.3% | 1.0% |
| 净利润同比 | 47.7% | 81.5% |
| 每股收益（稀释后） | $0.42 | $1.81 |
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DASHEA
| Q1 26 | $4.0B | $2.1B | ||
| Q4 25 | $4.0B | $1.9B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.3B | $1.7B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.6B | $1.7B |
净利润DASHEA
| Q1 26 | $285.0M | $461.0M | ||
| Q4 25 | $213.0M | $88.0M | ||
| Q3 25 | $244.0M | $137.0M | ||
| Q2 25 | $285.0M | $201.0M | ||
| Q1 25 | $193.0M | $254.0M | ||
| Q4 24 | $141.0M | $293.0M | ||
| Q3 24 | $162.0M | $294.0M | ||
| Q2 24 | $-157.0M | $280.0M |
毛利率DASHEA
| Q1 26 | 39.8% | 82.8% | ||
| Q4 25 | — | 73.8% | ||
| Q3 25 | — | 75.9% | ||
| Q2 25 | — | 83.3% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 84.2% |
营业利润率DASHEA
| Q1 26 | 3.7% | 26.6% | ||
| Q4 25 | 3.7% | 6.7% | ||
| Q3 25 | 7.5% | 10.9% | ||
| Q2 25 | 5.0% | 16.2% | ||
| Q1 25 | 5.1% | 20.8% | ||
| Q4 24 | 4.1% | 20.0% | ||
| Q3 24 | 4.0% | 19.0% | ||
| Q2 24 | -7.6% | 21.9% |
净利率DASHEA
| Q1 26 | 7.1% | 21.7% | ||
| Q4 25 | 5.4% | 4.6% | ||
| Q3 25 | 7.1% | 7.4% | ||
| Q2 25 | 8.7% | 12.0% | ||
| Q1 25 | 6.4% | 13.4% | ||
| Q4 24 | 4.9% | 15.6% | ||
| Q3 24 | 6.0% | 14.5% | ||
| Q2 24 | -6.0% | 16.9% |
每股收益（稀释后）DASHEA
| Q1 26 | $0.42 | $1.81 | ||
| Q4 25 | $0.49 | $0.35 | ||
| Q3 25 | $0.55 | $0.54 | ||
| Q2 25 | $0.65 | $0.79 | ||
| Q1 25 | $0.44 | $0.99 | ||
| Q4 24 | $0.35 | $1.11 | ||
| Q3 24 | $0.38 | $1.11 | ||
| Q2 24 | $-0.38 | $1.04 |
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 | $3.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $6.8M |
| 总资产 | $19.7B | $13.1M |
| 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DASHEA
| Q1 26 | $5.5B | $3.0M | ||
| Q4 25 | $4.4B | $2.8B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.9B | $1.5B | ||
| Q1 25 | $4.5B | $2.1B | ||
| Q4 24 | $4.0B | $2.8B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.4B | $2.4B |
股东权益DASHEA
| Q1 26 | $10.2B | $6.8M | ||
| Q4 25 | $10.0B | $6.2B | ||
| Q3 25 | $9.5B | $6.0B | ||
| Q2 25 | $8.9B | $6.1B | ||
| Q1 25 | $8.4B | $6.4B | ||
| Q4 24 | $7.8B | $7.4B | ||
| Q3 24 | $7.6B | $7.4B | ||
| Q2 24 | $7.2B | $7.4B |
总资产DASHEA
| Q1 26 | $19.7B | $13.1M | ||
| Q4 25 | $19.7B | $13.3B | ||
| Q3 25 | $18.0B | $11.9B | ||
| Q2 25 | $16.9B | $11.7B | ||
| Q1 25 | $13.6B | $12.4B | ||
| Q4 24 | $12.8B | $13.5B | ||
| Q3 24 | $12.3B | $13.1B | ||
| Q2 24 | $11.8B | $12.7B |
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 | $580.0M |
| 自由现金流经营现金流 - 资本支出 | $355.0M | $495.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 23.3% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | 1.77× | 1.26× |
| 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DASHEA
| Q1 26 | $504.0M | $580.0M | ||
| Q4 25 | $421.0M | $1.8B | ||
| Q3 25 | $871.0M | $130.0M | ||
| Q2 25 | $504.0M | $17.0M | ||
| Q1 25 | $635.0M | $549.0M | ||
| Q4 24 | $518.0M | $1.2B | ||
| Q3 24 | $531.0M | $234.0M | ||
| Q2 24 | $530.0M | $120.0M |
自由现金流DASHEA
| Q1 26 | $355.0M | $495.0M | ||
| Q4 25 | $367.0M | — | ||
| Q3 25 | $808.0M | — | ||
| Q2 25 | $438.0M | — | ||
| Q1 25 | $561.0M | — | ||
| Q4 24 | $486.0M | — | ||
| Q3 24 | $499.0M | — | ||
| Q2 24 | $507.0M | — |
自由现金流率DASHEA
| Q1 26 | 8.8% | 23.3% | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 13.3% | — | ||
| Q1 25 | 18.5% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 19.3% | — |
资本支出强度DASHEA
| Q1 26 | — | 2.9% | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.9% | — |
现金转化率DASHEA
| Q1 26 | 1.77× | 1.26× | ||
| Q4 25 | 1.98× | 20.75× | ||
| Q3 25 | 3.57× | 0.95× | ||
| Q2 25 | 1.77× | 0.08× | ||
| Q1 25 | 3.29× | 2.16× | ||
| Q4 24 | 3.67× | 4.01× | ||
| Q3 24 | 3.28× | 0.80× | ||
| Q2 24 | — | 0.43× |
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
DASH
暂无分部数据
EA
| Live services and other | $1.5B | 71% |
| Full game | $609.0M | 29% |
