vs
DoorDash（DASH）与国际香精香料（IFF）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是国际香精香料的1.5倍（$4.0B vs $2.6B），DoorDash净利率更高（5.4% vs 0.2%，领先5.2%），DoorDash同比增速更快（37.7% vs -6.6%），DoorDash自由现金流更多（$367.0M vs $130.0M），过去两年DoorDash的营收复合增速更高（25.5% vs -5.5%）
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。
国际香精香料（IFF）是美国知名企业，业务覆盖风味、质感、香氛、营养、酶制剂、菌种、大豆蛋白、益生菌等多品类产品研发，产品行销全球。公司总部位于纽约，在44个国家设有创意、销售及生产基地，是标普500指数成分股企业。
DASH vs IFF — 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
DASH
高出44.2%
-6.6%
净利率更高
DASH
高出5.2%
0.2%
自由现金流更多
DASH
多$237.0M
$130.0M
两年增速更快
DASH
近两年复合增速
-5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.6B |
| 净利润 | $213.0M | $5.0M |
| 毛利率 | — | 34.4% |
| 营业利润率 | 3.7% | 3.7% |
| 净利率 | 5.4% | 0.2% |
| 营收同比 | 37.7% | -6.6% |
| 净利润同比 | 51.1% | 110.9% |
| 每股收益（稀释后） | $0.49 | $0.03 |
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DASHIFF
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $3.4B | $2.7B | ||
| Q2 25 | $3.3B | $2.8B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $2.9B | $2.8B | ||
| Q3 24 | $2.7B | $2.9B | ||
| Q2 24 | $2.6B | $2.9B | ||
| Q1 24 | $2.5B | $2.9B |
净利润DASHIFF
| Q4 25 | $213.0M | $5.0M | ||
| Q3 25 | $244.0M | $40.0M | ||
| Q2 25 | $285.0M | $612.0M | ||
| Q1 25 | $193.0M | $-1.0B | ||
| Q4 24 | $141.0M | $-46.0M | ||
| Q3 24 | $162.0M | $59.0M | ||
| Q2 24 | $-157.0M | $170.0M | ||
| Q1 24 | $-23.0M | $60.0M |
毛利率DASHIFF
| Q4 25 | — | 34.4% | ||
| Q3 25 | — | 36.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 36.4% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | — | 35.3% |
营业利润率DASHIFF
| Q4 25 | 3.7% | 3.7% | ||
| Q3 25 | 7.5% | 8.4% | ||
| Q2 25 | 5.0% | 7.2% | ||
| Q1 25 | 5.1% | -31.8% | ||
| Q4 24 | 4.1% | 4.6% | ||
| Q3 24 | 4.0% | 8.5% | ||
| Q2 24 | -7.6% | 6.6% | ||
| Q1 24 | -2.4% | 6.9% |
净利率DASHIFF
| Q4 25 | 5.4% | 0.2% | ||
| Q3 25 | 7.1% | 1.5% | ||
| Q2 25 | 8.7% | 22.1% | ||
| Q1 25 | 6.4% | -35.8% | ||
| Q4 24 | 4.9% | -1.7% | ||
| Q3 24 | 6.0% | 2.0% | ||
| Q2 24 | -6.0% | 5.9% | ||
| Q1 24 | -0.9% | 2.1% |
每股收益（稀释后）DASHIFF
| Q4 25 | $0.49 | $0.03 | ||
| Q3 25 | $0.55 | $0.16 | ||
| Q2 25 | $0.65 | $2.38 | ||
| Q1 25 | $0.44 | $-3.98 | ||
| Q4 24 | $0.35 | $-0.17 | ||
| Q3 24 | $0.38 | $0.23 | ||
| Q2 24 | $-0.38 | $0.66 | ||
| Q1 24 | $-0.06 | $0.23 |
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 | $590.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $10.0B | $14.2B |
| 总资产 | $19.7B | $25.5B |
| 负债/权益比越低杠杆越低 | — | 0.40× |
8季度趋势，按日历期对齐
现金及短期投资DASHIFF
| Q4 25 | $4.4B | $590.0M | ||
| Q3 25 | $3.3B | $621.0M | ||
| Q2 25 | $3.9B | $816.0M | ||
| Q1 25 | $4.5B | $613.0M | ||
| Q4 24 | $4.0B | $469.0M | ||
| Q3 24 | $3.7B | $567.0M | ||
| Q2 24 | $3.4B | $671.0M | ||
| Q1 24 | $3.1B | $732.0M |
总债务DASHIFF
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DASHIFF
| Q4 25 | $10.0B | $14.2B | ||
| Q3 25 | $9.5B | $14.2B | ||
| Q2 25 | $8.9B | $14.4B | ||
| Q1 25 | $8.4B | $13.2B | ||
| Q4 24 | $7.8B | $13.9B | ||
| Q3 24 | $7.6B | $14.8B | ||
| Q2 24 | $7.2B | $14.3B | ||
| Q1 24 | $7.0B | $14.3B |
总资产DASHIFF
| Q4 25 | $19.7B | $25.5B | ||
| Q3 25 | $18.0B | $25.8B | ||
| Q2 25 | $16.9B | $26.1B | ||
| Q1 25 | $13.6B | $28.3B | ||
| Q4 24 | $12.8B | $28.7B | ||
| Q3 24 | $12.3B | $29.9B | ||
| Q2 24 | $11.8B | $29.5B | ||
| Q1 24 | $11.4B | $30.6B |
负债/权益比DASHIFF
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $318.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $130.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 5.0% |
| 资本支出强度资本支出/营收 | 1.4% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.98× | 63.60× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $256.0M |
8季度趋势，按日历期对齐
经营现金流DASHIFF
| Q4 25 | $421.0M | $318.0M | ||
| Q3 25 | $871.0M | $164.0M | ||
| Q2 25 | $504.0M | $241.0M | ||
| Q1 25 | $635.0M | $127.0M | ||
| Q4 24 | $518.0M | $368.0M | ||
| Q3 24 | $531.0M | $366.0M | ||
| Q2 24 | $530.0M | $237.0M | ||
| Q1 24 | $553.0M | $99.0M |
自由现金流DASHIFF
| Q4 25 | $367.0M | $130.0M | ||
| Q3 25 | $808.0M | $32.0M | ||
| Q2 25 | $438.0M | $146.0M | ||
| Q1 25 | $561.0M | $-52.0M | ||
| Q4 24 | $486.0M | $208.0M | ||
| Q3 24 | $499.0M | $263.0M | ||
| Q2 24 | $507.0M | $155.0M | ||
| Q1 24 | $536.0M | $-19.0M |
自由现金流率DASHIFF
| Q4 25 | 9.3% | 5.0% | ||
| Q3 25 | 23.4% | 1.2% | ||
| Q2 25 | 13.3% | 5.3% | ||
| Q1 25 | 18.5% | -1.8% | ||
| Q4 24 | 16.9% | 7.5% | ||
| Q3 24 | 18.4% | 9.0% | ||
| Q2 24 | 19.3% | 5.4% | ||
| Q1 24 | 21.3% | -0.7% |
资本支出强度DASHIFF
| Q4 25 | 1.4% | 7.3% | ||
| Q3 25 | 1.8% | 4.9% | ||
| Q2 25 | 2.0% | 3.4% | ||
| Q1 25 | 2.4% | 6.3% | ||
| Q4 24 | 1.1% | 5.8% | ||
| Q3 24 | 1.2% | 3.5% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 0.7% | 4.1% |
现金转化率DASHIFF
| Q4 25 | 1.98× | 63.60× | ||
| Q3 25 | 3.57× | 4.10× | ||
| Q2 25 | 1.77× | 0.39× | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | 6.20× | ||
| Q2 24 | — | 1.39× | ||
| Q1 24 | — | 1.65× |
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
IFF
| Food Ingredients | $802.0M | 31% |
| Scent | $610.0M | 24% |
| Other | $589.0M | 23% |
| Taste | $588.0M | 23% |
