vs
DoorDash（DASH）与盖璞（GAP）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是盖璞的1.0倍（$4.0B vs $3.9B），盖璞净利率更高（6.0% vs 5.4%，领先0.6%），DoorDash同比增速更快（37.7% vs 3.0%），DoorDash自由现金流更多（$367.0M vs $153.0M），过去两年DoorDash的营收复合增速更高（25.5% vs -4.2%）
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。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
DASH vs GAP — 直观对比
营收规模更大
DASH
是对方的1.0倍
$3.9B
营收增速更快
DASH
高出34.7%
3.0%
净利率更高
GAP
高出0.6%
5.4%
自由现金流更多
DASH
多$214.0M
$153.0M
两年增速更快
DASH
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.9B |
| 净利润 | $213.0M | $236.0M |
| 毛利率 | — | 42.4% |
| 营业利润率 | 3.7% | 8.5% |
| 净利率 | 5.4% | 6.0% |
| 营收同比 | 37.7% | 3.0% |
| 净利润同比 | 51.1% | -13.9% |
| 每股收益（稀释后） | $0.49 | $0.62 |
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DASHGAP
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.3B | $3.5B | ||
| Q1 25 | $3.0B | $4.1B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $2.7B | $3.7B | ||
| Q2 24 | $2.6B | $3.4B | ||
| Q1 24 | $2.5B | $4.3B |
净利润DASHGAP
| Q4 25 | $213.0M | $236.0M | ||
| Q3 25 | $244.0M | $216.0M | ||
| Q2 25 | $285.0M | $193.0M | ||
| Q1 25 | $193.0M | $206.0M | ||
| Q4 24 | $141.0M | $274.0M | ||
| Q3 24 | $162.0M | $206.0M | ||
| Q2 24 | $-157.0M | $158.0M | ||
| Q1 24 | $-23.0M | $185.0M |
毛利率DASHGAP
| Q4 25 | — | 42.4% | ||
| Q3 25 | — | 41.2% | ||
| Q2 25 | — | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 42.6% | ||
| Q2 24 | — | 41.2% | ||
| Q1 24 | — | 38.9% |
营业利润率DASHGAP
| Q4 25 | 3.7% | 8.5% | ||
| Q3 25 | 7.5% | 7.8% | ||
| Q2 25 | 5.0% | 7.5% | ||
| Q1 25 | 5.1% | 6.2% | ||
| Q4 24 | 4.1% | 9.3% | ||
| Q3 24 | 4.0% | 7.9% | ||
| Q2 24 | -7.6% | 6.1% | ||
| Q1 24 | -2.4% | 5.0% |
净利率DASHGAP
| Q4 25 | 5.4% | 6.0% | ||
| Q3 25 | 7.1% | 5.8% | ||
| Q2 25 | 8.7% | 5.6% | ||
| Q1 25 | 6.4% | 5.0% | ||
| Q4 24 | 4.9% | 7.2% | ||
| Q3 24 | 6.0% | 5.5% | ||
| Q2 24 | -6.0% | 4.7% | ||
| Q1 24 | -0.9% | 4.3% |
每股收益（稀释后）DASHGAP
| Q4 25 | $0.49 | $0.62 | ||
| Q3 25 | $0.55 | $0.57 | ||
| Q2 25 | $0.65 | $0.51 | ||
| Q1 25 | $0.44 | $0.53 | ||
| Q4 24 | $0.35 | $0.72 | ||
| Q3 24 | $0.38 | $0.54 | ||
| Q2 24 | $-0.38 | $0.41 | ||
| Q1 24 | $-0.06 | $0.49 |
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 | $2.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | $3.6B |
| 总资产 | $19.7B | $12.4B |
| 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DASHGAP
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $3.3B | $2.4B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $4.5B | $2.6B | ||
| Q4 24 | $4.0B | $2.2B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.4B | $1.7B | ||
| Q1 24 | $3.1B | $1.9B |
股东权益DASHGAP
| Q4 25 | $10.0B | $3.6B | ||
| Q3 25 | $9.5B | $3.4B | ||
| Q2 25 | $8.9B | $3.3B | ||
| Q1 25 | $8.4B | $3.3B | ||
| Q4 24 | $7.8B | $3.1B | ||
| Q3 24 | $7.6B | $2.9B | ||
| Q2 24 | $7.2B | $2.7B | ||
| Q1 24 | $7.0B | $2.6B |
总资产DASHGAP
| Q4 25 | $19.7B | $12.4B | ||
| Q3 25 | $18.0B | $12.1B | ||
| Q2 25 | $16.9B | $11.6B | ||
| Q1 25 | $13.6B | $11.9B | ||
| Q4 24 | $12.8B | $11.9B | ||
| Q3 24 | $12.3B | $11.5B | ||
| Q2 24 | $11.8B | $10.9B | ||
| Q1 24 | $11.4B | $11.0B |
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 | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $153.0M |
| 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% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $779.0M |
8季度趋势，按日历期对齐
经营现金流DASHGAP
| Q4 25 | $421.0M | $299.0M | ||
| Q3 25 | $871.0M | $448.0M | ||
| Q2 25 | $504.0M | $-140.0M | ||
| Q1 25 | $635.0M | $616.0M | ||
| Q4 24 | $518.0M | $291.0M | ||
| Q3 24 | $531.0M | $549.0M | ||
| Q2 24 | $530.0M | $30.0M | ||
| Q1 24 | $553.0M | $700.0M |
自由现金流DASHGAP
| Q4 25 | $367.0M | $153.0M | ||
| Q3 25 | $808.0M | $350.0M | ||
| Q2 25 | $438.0M | $-223.0M | ||
| Q1 25 | $561.0M | $499.0M | ||
| Q4 24 | $486.0M | $143.0M | ||
| Q3 24 | $499.0M | $460.0M | ||
| Q2 24 | $507.0M | $-63.0M | ||
| Q1 24 | $536.0M | $568.0M |
自由现金流率DASHGAP
| Q4 25 | 9.3% | 3.9% | ||
| Q3 25 | 23.4% | 9.4% | ||
| Q2 25 | 13.3% | -6.4% | ||
| Q1 25 | 18.5% | 12.0% | ||
| Q4 24 | 16.9% | 3.7% | ||
| Q3 24 | 18.4% | 12.4% | ||
| Q2 24 | 19.3% | -1.9% | ||
| Q1 24 | 21.3% | 13.2% |
资本支出强度DASHGAP
| Q4 25 | 1.4% | 3.7% | ||
| Q3 25 | 1.8% | 2.6% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.4% | 2.8% | ||
| Q4 24 | 1.1% | 3.9% | ||
| Q3 24 | 1.2% | 2.4% | ||
| Q2 24 | 0.9% | 2.7% | ||
| Q1 24 | 0.7% | 3.1% |
现金转化率DASHGAP
| Q4 25 | 1.98× | 1.27× | ||
| Q3 25 | 3.57× | 2.07× | ||
| Q2 25 | 1.77× | -0.73× | ||
| Q1 25 | 3.29× | 2.99× | ||
| Q4 24 | 3.67× | 1.06× | ||
| Q3 24 | 3.28× | 2.67× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 3.78× |
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
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
