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DoorDash（DASH）与GLOBAL PARTNERS LP（GLP）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GLOBAL PARTNERS LP的1.8倍（$4.0B vs $2.2B），DoorDash净利率更高（5.4% vs 1.1%，领先4.3%），DoorDash同比增速更快（37.7% vs 7.0%），DoorDash自由现金流更多（$367.0M vs $62.2M），过去两年DoorDash的营收复合增速更高（25.5% vs 0.2%）
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。
Global Partners LP是一家美国能源供应企业，2018年位列《财富》世界500强第361位，采用业主有限合伙制架构，核心业务为石油产品进口，深耕北美市场开展营销活动，批发的产品涵盖原油、柴油、汽油、取暖油及煤油等品类。
DASH vs GLP — 直观对比
营收规模更大
DASH
是对方的1.8倍
$2.2B
营收增速更快
DASH
高出30.7%
7.0%
净利率更高
DASH
高出4.3%
1.1%
自由现金流更多
DASH
多$304.8M
$62.2M
两年增速更快
DASH
近两年复合增速
0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.2B |
| 净利润 | $213.0M | $25.1M |
| 毛利率 | — | 11.9% |
| 营业利润率 | 3.7% | 2.6% |
| 净利率 | 5.4% | 1.1% |
| 营收同比 | 37.7% | 7.0% |
| 净利润同比 | 51.1% | 5.0% |
| 每股收益（稀释后） | $0.49 | — |
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DASHGLP
| Q4 25 | $4.0B | $2.2B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.6B | $2.3B | ||
| Q1 24 | $2.5B | $2.2B |
净利润DASHGLP
| Q4 25 | $213.0M | $25.1M | ||
| Q3 25 | $244.0M | $29.0M | ||
| Q2 25 | $285.0M | $25.2M | ||
| Q1 25 | $193.0M | $18.7M | ||
| Q4 24 | $141.0M | $23.9M | ||
| Q3 24 | $162.0M | $45.9M | ||
| Q2 24 | $-157.0M | $46.1M | ||
| Q1 24 | $-23.0M | $-5.6M |
毛利率DASHGLP
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 12.1% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 9.8% |
营业利润率DASHGLP
| Q4 25 | 3.7% | 2.6% | ||
| Q3 25 | 7.5% | 2.7% | ||
| Q2 25 | 5.0% | 2.9% | ||
| Q1 25 | 5.1% | 2.6% | ||
| Q4 24 | 4.1% | 2.8% | ||
| Q3 24 | 4.0% | 3.9% | ||
| Q2 24 | -7.6% | 3.7% | ||
| Q1 24 | -2.4% | 1.2% |
净利率DASHGLP
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | 7.1% | 1.3% | ||
| Q2 25 | 8.7% | 1.2% | ||
| Q1 25 | 6.4% | 0.9% | ||
| Q4 24 | 4.9% | 1.2% | ||
| Q3 24 | 6.0% | 2.1% | ||
| Q2 24 | -6.0% | 2.0% | ||
| Q1 24 | -0.9% | -0.3% |
每股收益（稀释后）DASHGLP
| 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 | — | ||
| Q1 24 | $-0.06 | — |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | — |
| 总资产 | $19.7B | $3.9B |
| 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DASHGLP
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.4B | — | ||
| Q1 24 | $3.1B | — |
股东权益DASHGLP
| Q4 25 | $10.0B | — | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.2B | — | ||
| Q1 24 | $7.0B | — |
总资产DASHGLP
| Q4 25 | $19.7B | $3.9B | ||
| Q3 25 | $18.0B | $3.7B | ||
| Q2 25 | $16.9B | $3.8B | ||
| Q1 25 | $13.6B | $3.8B | ||
| Q4 24 | $12.8B | $3.8B | ||
| Q3 24 | $12.3B | $3.7B | ||
| Q2 24 | $11.8B | $3.8B | ||
| Q1 24 | $11.4B | $3.5B |
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 | $101.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $62.2M |
| 自由现金流率自由现金流/营收 | 9.3% | 2.8% |
| 资本支出强度资本支出/营收 | 1.4% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 4.03× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $193.3M |
8季度趋势，按日历期对齐
经营现金流DASHGLP
| Q4 25 | $421.0M | $101.0M | ||
| Q3 25 | $871.0M | $19.0M | ||
| Q2 25 | $504.0M | $216.3M | ||
| Q1 25 | $635.0M | $-51.6M | ||
| Q4 24 | $518.0M | $67.2M | ||
| Q3 24 | $531.0M | $122.7M | ||
| Q2 24 | $530.0M | $24.3M | ||
| Q1 24 | $553.0M | $-182.7M |
自由现金流DASHGLP
| Q4 25 | $367.0M | $62.2M | ||
| Q3 25 | $808.0M | $-678.0K | ||
| Q2 25 | $438.0M | $201.3M | ||
| Q1 25 | $561.0M | $-69.5M | ||
| Q4 24 | $486.0M | $20.4M | ||
| Q3 24 | $499.0M | $98.4M | ||
| Q2 24 | $507.0M | $8.7M | ||
| Q1 24 | $536.0M | $-199.3M |
自由现金流率DASHGLP
| Q4 25 | 9.3% | 2.8% | ||
| Q3 25 | 23.4% | -0.0% | ||
| Q2 25 | 13.3% | 9.7% | ||
| Q1 25 | 18.5% | -3.2% | ||
| Q4 24 | 16.9% | 1.0% | ||
| Q3 24 | 18.4% | 4.6% | ||
| Q2 24 | 19.3% | 0.4% | ||
| Q1 24 | 21.3% | -9.0% |
资本支出强度DASHGLP
| Q4 25 | 1.4% | 1.8% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | 0.7% | 0.8% |
现金转化率DASHGLP
| Q4 25 | 1.98× | 4.03× | ||
| Q3 25 | 3.57× | 0.66× | ||
| Q2 25 | 1.77× | 8.58× | ||
| Q1 25 | 3.29× | -2.76× | ||
| Q4 24 | 3.67× | 2.82× | ||
| Q3 24 | 3.28× | 2.67× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | — |
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
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
