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DoorDash（DASH）与COMFORT SYSTEMS USA INC（FIX）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COMFORT SYSTEMS USA INC的1.5倍（$4.0B vs $2.6B），COMFORT SYSTEMS USA INC净利率更高（12.5% vs 5.4%，领先7.1%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 37.7%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $367.0M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 25.5%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
DASH vs FIX — 直观对比
营收规模更大
DASH
是对方的1.5倍
$2.6B
营收增速更快
FIX
高出4.0%
37.7%
净利率更高
FIX
高出7.1%
5.4%
自由现金流更多
FIX
多$35.5M
$367.0M
两年增速更快
FIX
近两年复合增速
25.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.6B |
| 净利润 | $213.0M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 3.7% | 16.1% |
| 净利率 | 5.4% | 12.5% |
| 营收同比 | 37.7% | 41.7% |
| 净利润同比 | 51.1% | 126.8% |
| 每股收益（稀释后） | $0.49 | $9.35 |
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DASHFIX
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $3.4B | $2.5B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $2.9B | $1.9B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.5B | $1.5B |
净利润DASHFIX
| Q4 25 | $213.0M | $330.8M | ||
| Q3 25 | $244.0M | $291.6M | ||
| Q2 25 | $285.0M | $230.8M | ||
| Q1 25 | $193.0M | $169.3M | ||
| Q4 24 | $141.0M | $145.9M | ||
| Q3 24 | $162.0M | $146.2M | ||
| Q2 24 | $-157.0M | $134.0M | ||
| Q1 24 | $-23.0M | $96.3M |
毛利率DASHFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率DASHFIX
| Q4 25 | 3.7% | 16.1% | ||
| Q3 25 | 7.5% | 15.5% | ||
| Q2 25 | 5.0% | 13.8% | ||
| Q1 25 | 5.1% | 11.4% | ||
| Q4 24 | 4.1% | 12.1% | ||
| Q3 24 | 4.0% | 11.2% | ||
| Q2 24 | -7.6% | 10.2% | ||
| Q1 24 | -2.4% | 8.8% |
净利率DASHFIX
| Q4 25 | 5.4% | 12.5% | ||
| Q3 25 | 7.1% | 11.9% | ||
| Q2 25 | 8.7% | 10.6% | ||
| Q1 25 | 6.4% | 9.2% | ||
| Q4 24 | 4.9% | 7.8% | ||
| Q3 24 | 6.0% | 8.1% | ||
| Q2 24 | -6.0% | 7.4% | ||
| Q1 24 | -0.9% | 6.3% |
每股收益（稀释后）DASHFIX
| Q4 25 | $0.49 | $9.35 | ||
| Q3 25 | $0.55 | $8.25 | ||
| Q2 25 | $0.65 | $6.53 | ||
| Q1 25 | $0.44 | $4.75 | ||
| Q4 24 | $0.35 | $4.08 | ||
| Q3 24 | $0.38 | $4.09 | ||
| Q2 24 | $-0.38 | $3.74 | ||
| Q1 24 | $-0.06 | $2.69 |
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 | $4.4B | $981.9M |
| 总债务越低越好 | — | $145.2M |
| 股东权益账面价值 | $10.0B | $2.4B |
| 总资产 | $19.7B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资DASHFIX
| Q4 25 | $4.4B | $981.9M | ||
| Q3 25 | $3.3B | $860.5M | ||
| Q2 25 | $3.9B | $331.7M | ||
| Q1 25 | $4.5B | $204.8M | ||
| Q4 24 | $4.0B | $549.9M | ||
| Q3 24 | $3.7B | $415.6M | ||
| Q2 24 | $3.4B | $199.4M | ||
| Q1 24 | $3.1B | $100.8M |
总债务DASHFIX
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $77.0M |
股东权益DASHFIX
| Q4 25 | $10.0B | $2.4B | ||
| Q3 25 | $9.5B | $2.2B | ||
| Q2 25 | $8.9B | $2.0B | ||
| Q1 25 | $8.4B | $1.8B | ||
| Q4 24 | $7.8B | $1.7B | ||
| Q3 24 | $7.6B | $1.6B | ||
| Q2 24 | $7.2B | $1.5B | ||
| Q1 24 | $7.0B | $1.4B |
总资产DASHFIX
| Q4 25 | $19.7B | $6.4B | ||
| Q3 25 | $18.0B | $5.8B | ||
| Q2 25 | $16.9B | $5.1B | ||
| Q1 25 | $13.6B | $4.6B | ||
| Q4 24 | $12.8B | $4.7B | ||
| Q3 24 | $12.3B | $4.4B | ||
| Q2 24 | $11.8B | $4.2B | ||
| Q1 24 | $11.4B | $3.9B |
负债/权益比DASHFIX
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.06× |
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 | $421.0M | $468.5M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $402.4M |
| 自由现金流率自由现金流/营收 | 9.3% | 15.2% |
| 资本支出强度资本支出/营收 | 1.4% | 2.5% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.42× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $1.0B |
8季度趋势，按日历期对齐
经营现金流DASHFIX
| Q4 25 | $421.0M | $468.5M | ||
| Q3 25 | $871.0M | $553.3M | ||
| Q2 25 | $504.0M | $252.5M | ||
| Q1 25 | $635.0M | $-88.0M | ||
| Q4 24 | $518.0M | $210.5M | ||
| Q3 24 | $531.0M | $302.2M | ||
| Q2 24 | $530.0M | $189.9M | ||
| Q1 24 | $553.0M | $146.6M |
自由现金流DASHFIX
| Q4 25 | $367.0M | $402.4M | ||
| Q3 25 | $808.0M | $517.9M | ||
| Q2 25 | $438.0M | $221.2M | ||
| Q1 25 | $561.0M | $-110.2M | ||
| Q4 24 | $486.0M | $169.8M | ||
| Q3 24 | $499.0M | $280.1M | ||
| Q2 24 | $507.0M | $166.5M | ||
| Q1 24 | $536.0M | $121.6M |
自由现金流率DASHFIX
| Q4 25 | 9.3% | 15.2% | ||
| Q3 25 | 23.4% | 21.1% | ||
| Q2 25 | 13.3% | 10.2% | ||
| Q1 25 | 18.5% | -6.0% | ||
| Q4 24 | 16.9% | 9.1% | ||
| Q3 24 | 18.4% | 15.5% | ||
| Q2 24 | 19.3% | 9.2% | ||
| Q1 24 | 21.3% | 7.9% |
资本支出强度DASHFIX
| Q4 25 | 1.4% | 2.5% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 2.0% | 1.4% | ||
| Q1 25 | 2.4% | 1.2% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 1.2% | 1.2% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | 0.7% | 1.6% |
现金转化率DASHFIX
| Q4 25 | 1.98× | 1.42× | ||
| Q3 25 | 3.57× | 1.90× | ||
| Q2 25 | 1.77× | 1.09× | ||
| Q1 25 | 3.29× | -0.52× | ||
| Q4 24 | 3.67× | 1.44× | ||
| Q3 24 | 3.28× | 2.07× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.52× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
