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DoorDash（DASH）与伟创力（FLEX）财务数据对比。点击上方公司名可切换其他公司
伟创力的季度营收约是DoorDash的1.8倍（$7.1B vs $4.0B），DoorDash净利率更高（5.4% vs 3.4%，领先2.0%），DoorDash同比增速更快（37.7% vs 7.7%），DoorDash自由现金流更多（$367.0M vs $272.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 25.2%）
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。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
DASH vs FLEX — 直观对比
营收规模更大
FLEX
是对方的1.8倍
$4.0B
营收增速更快
DASH
高出30.0%
7.7%
净利率更高
DASH
高出2.0%
3.4%
自由现金流更多
DASH
多$95.0M
$272.0M
两年增速更快
DASH
近两年复合增速
25.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $7.1B |
| 净利润 | $213.0M | $239.0M |
| 毛利率 | — | 9.6% |
| 营业利润率 | 3.7% | 5.5% |
| 净利率 | 5.4% | 3.4% |
| 营收同比 | 37.7% | 7.7% |
| 净利润同比 | 51.1% | -9.1% |
| 每股收益（稀释后） | $0.49 | $0.64 |
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DASHFLEX
| Q4 25 | $4.0B | $7.1B | ||
| Q3 25 | $3.4B | $6.8B | ||
| Q2 25 | $3.3B | $6.6B | ||
| Q1 25 | $3.0B | $6.4B | ||
| Q4 24 | $2.9B | $6.6B | ||
| Q3 24 | $2.7B | $6.5B | ||
| Q2 24 | $2.6B | $6.3B | ||
| Q1 24 | $2.5B | $4.5B |
净利润DASHFLEX
| Q4 25 | $213.0M | $239.0M | ||
| Q3 25 | $244.0M | $199.0M | ||
| Q2 25 | $285.0M | $192.0M | ||
| Q1 25 | $193.0M | $222.0M | ||
| Q4 24 | $141.0M | $263.0M | ||
| Q3 24 | $162.0M | $214.0M | ||
| Q2 24 | $-157.0M | $139.0M | ||
| Q1 24 | $-23.0M | $395.0M |
毛利率DASHFLEX
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | — | -0.6% |
营业利润率DASHFLEX
| Q4 25 | 3.7% | 5.5% | ||
| Q3 25 | 7.5% | 4.4% | ||
| Q2 25 | 5.0% | 4.7% | ||
| Q1 25 | 5.1% | 4.8% | ||
| Q4 24 | 4.1% | 5.1% | ||
| Q3 24 | 4.0% | 4.5% | ||
| Q2 24 | -7.6% | 3.7% | ||
| Q1 24 | -2.4% | -3.6% |
净利率DASHFLEX
| Q4 25 | 5.4% | 3.4% | ||
| Q3 25 | 7.1% | 2.9% | ||
| Q2 25 | 8.7% | 2.9% | ||
| Q1 25 | 6.4% | 3.5% | ||
| Q4 24 | 4.9% | 4.0% | ||
| Q3 24 | 6.0% | 3.3% | ||
| Q2 24 | -6.0% | 2.2% | ||
| Q1 24 | -0.9% | 8.8% |
每股收益（稀释后）DASHFLEX
| Q4 25 | $0.49 | $0.64 | ||
| Q3 25 | $0.55 | $0.52 | ||
| Q2 25 | $0.65 | $0.50 | ||
| Q1 25 | $0.44 | $0.56 | ||
| Q4 24 | $0.35 | $0.67 | ||
| Q3 24 | $0.38 | $0.54 | ||
| Q2 24 | $-0.38 | $0.34 | ||
| Q1 24 | $-0.06 | $0.91 |
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 | $3.1B |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $10.0B | $5.1B |
| 总资产 | $19.7B | $20.8B |
| 负债/权益比越低杠杆越低 | — | 0.87× |
8季度趋势，按日历期对齐
现金及短期投资DASHFLEX
| Q4 25 | $4.4B | $3.1B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $4.5B | $2.3B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $3.7B | $2.6B | ||
| Q2 24 | $3.4B | $2.2B | ||
| Q1 24 | $3.1B | $2.5B |
总债务DASHFLEX
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.3B |
股东权益DASHFLEX
| Q4 25 | $10.0B | $5.1B | ||
| Q3 25 | $9.5B | $5.0B | ||
| Q2 25 | $8.9B | $5.1B | ||
| Q1 25 | $8.4B | $5.0B | ||
| Q4 24 | $7.8B | $5.0B | ||
| Q3 24 | $7.6B | $5.0B | ||
| Q2 24 | $7.2B | $5.0B | ||
| Q1 24 | $7.0B | $5.3B |
总资产DASHFLEX
| Q4 25 | $19.7B | $20.8B | ||
| Q3 25 | $18.0B | $19.5B | ||
| Q2 25 | $16.9B | $19.1B | ||
| Q1 25 | $13.6B | $18.4B | ||
| Q4 24 | $12.8B | $18.3B | ||
| Q3 24 | $12.3B | $18.6B | ||
| Q2 24 | $11.8B | $17.7B | ||
| Q1 24 | $11.4B | $18.3B |
负债/权益比DASHFLEX
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.61× |
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 | $420.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $272.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 3.9% |
| 资本支出强度资本支出/营收 | 1.4% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.76× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $1.2B |
8季度趋势，按日历期对齐
经营现金流DASHFLEX
| Q4 25 | $421.0M | $420.0M | ||
| Q3 25 | $871.0M | $453.0M | ||
| Q2 25 | $504.0M | $399.0M | ||
| Q1 25 | $635.0M | $433.0M | ||
| Q4 24 | $518.0M | $413.0M | ||
| Q3 24 | $531.0M | $319.0M | ||
| Q2 24 | $530.0M | $340.0M | ||
| Q1 24 | $553.0M | $679.0M |
自由现金流DASHFLEX
| Q4 25 | $367.0M | $272.0M | ||
| Q3 25 | $808.0M | $303.0M | ||
| Q2 25 | $438.0M | $266.0M | ||
| Q1 25 | $561.0M | $321.0M | ||
| Q4 24 | $486.0M | $301.0M | ||
| Q3 24 | $499.0M | $216.0M | ||
| Q2 24 | $507.0M | $229.0M | ||
| Q1 24 | $536.0M | $598.0M |
自由现金流率DASHFLEX
| Q4 25 | 9.3% | 3.9% | ||
| Q3 25 | 23.4% | 4.5% | ||
| Q2 25 | 13.3% | 4.0% | ||
| Q1 25 | 18.5% | 5.0% | ||
| Q4 24 | 16.9% | 4.6% | ||
| Q3 24 | 18.4% | 3.3% | ||
| Q2 24 | 19.3% | 3.6% | ||
| Q1 24 | 21.3% | 13.3% |
资本支出强度DASHFLEX
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 1.8% | 2.2% | ||
| Q2 25 | 2.0% | 2.0% | ||
| Q1 25 | 2.4% | 1.8% | ||
| Q4 24 | 1.1% | 1.7% | ||
| Q3 24 | 1.2% | 1.6% | ||
| Q2 24 | 0.9% | 1.8% | ||
| Q1 24 | 0.7% | 1.8% |
现金转化率DASHFLEX
| Q4 25 | 1.98× | 1.76× | ||
| Q3 25 | 3.57× | 2.28× | ||
| Q2 25 | 1.77× | 2.08× | ||
| Q1 25 | 3.29× | 1.95× | ||
| Q4 24 | 3.67× | 1.57× | ||
| Q3 24 | 3.28× | 1.49× | ||
| Q2 24 | — | 2.45× | ||
| Q1 24 | — | 1.72× |
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
FLEX
| Flex Reliability Solutions FRS | $3.2B | 46% |
| Transferred At Point In Time | $2.7B | 38% |
| Transferred Over Time | $1.1B | 16% |
