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DoorDash（DASH）与直觉外科（ISRG）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是直觉外科的1.4倍（$4.0B vs $2.8B），直觉外科净利率更高（29.8% vs 5.4%，领先24.4%），DoorDash同比增速更快（37.7% vs 23.0%），过去两年DoorDash的营收复合增速更高（25.5% vs 17.4%）
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。
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
DASH vs ISRG — 直观对比
营收规模更大
DASH
是对方的1.4倍
$2.8B
营收增速更快
DASH
高出14.7%
23.0%
净利率更高
ISRG
高出24.4%
5.4%
两年增速更快
DASH
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.8B |
| 净利润 | $213.0M | $826.0M |
| 毛利率 | — | 66.1% |
| 营业利润率 | 3.7% | — |
| 净利率 | 5.4% | 29.8% |
| 营收同比 | 37.7% | 23.0% |
| 净利润同比 | 51.1% | 17.4% |
| 每股收益（稀释后） | $0.49 | $2.28 |
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DASHISRG
| Q1 26 | — | $2.8B | ||
| Q4 25 | $4.0B | $2.9B | ||
| Q3 25 | $3.4B | $2.5B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $2.9B | $2.4B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.6B | $2.0B |
净利润DASHISRG
| Q1 26 | — | $826.0M | ||
| Q4 25 | $213.0M | $794.8M | ||
| Q3 25 | $244.0M | $704.4M | ||
| Q2 25 | $285.0M | $658.4M | ||
| Q1 25 | $193.0M | $698.4M | ||
| Q4 24 | $141.0M | $685.7M | ||
| Q3 24 | $162.0M | $565.1M | ||
| Q2 24 | $-157.0M | $526.9M |
毛利率DASHISRG
| Q1 26 | — | 66.1% | ||
| Q4 25 | — | 66.4% | ||
| Q3 25 | — | 66.4% | ||
| Q2 25 | — | 66.3% | ||
| Q1 25 | — | 64.7% | ||
| Q4 24 | — | 68.0% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | 68.3% |
营业利润率DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 30.2% | ||
| Q3 25 | 7.5% | 30.3% | ||
| Q2 25 | 5.0% | 30.5% | ||
| Q1 25 | 5.1% | 25.7% | ||
| Q4 24 | 4.1% | 30.4% | ||
| Q3 24 | 4.0% | 28.3% | ||
| Q2 24 | -7.6% | 28.2% |
净利率DASHISRG
| Q1 26 | — | 29.8% | ||
| Q4 25 | 5.4% | 27.7% | ||
| Q3 25 | 7.1% | 28.1% | ||
| Q2 25 | 8.7% | 27.0% | ||
| Q1 25 | 6.4% | 31.0% | ||
| Q4 24 | 4.9% | 28.4% | ||
| Q3 24 | 6.0% | 27.7% | ||
| Q2 24 | -6.0% | 26.2% |
每股收益（稀释后）DASHISRG
| Q1 26 | — | $2.28 | ||
| Q4 25 | $0.49 | $2.19 | ||
| Q3 25 | $0.55 | $1.95 | ||
| Q2 25 | $0.65 | $1.81 | ||
| Q1 25 | $0.44 | $1.92 | ||
| Q4 24 | $0.35 | $1.89 | ||
| Q3 24 | $0.38 | $1.56 | ||
| Q2 24 | $-0.38 | $1.46 |
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 | $17.6B |
| 总资产 | $19.7B | $20.1B |
| 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DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $5.9B | ||
| Q3 25 | $3.3B | $4.9B | ||
| Q2 25 | $3.9B | $5.3B | ||
| Q1 25 | $4.5B | $4.5B | ||
| Q4 24 | $4.0B | $4.0B | ||
| Q3 24 | $3.7B | $4.2B | ||
| Q2 24 | $3.4B | $4.8B |
股东权益DASHISRG
| Q1 26 | — | $17.6B | ||
| Q4 25 | $10.0B | $17.8B | ||
| Q3 25 | $9.5B | $16.9B | ||
| Q2 25 | $8.9B | $17.8B | ||
| Q1 25 | $8.4B | $17.1B | ||
| Q4 24 | $7.8B | $16.4B | ||
| Q3 24 | $7.6B | $15.6B | ||
| Q2 24 | $7.2B | $14.7B |
总资产DASHISRG
| Q1 26 | — | $20.1B | ||
| Q4 25 | $19.7B | $20.5B | ||
| Q3 25 | $18.0B | $19.4B | ||
| Q2 25 | $16.9B | $20.2B | ||
| Q1 25 | $13.6B | $19.2B | ||
| Q4 24 | $12.8B | $18.7B | ||
| Q3 24 | $12.3B | $17.7B | ||
| Q2 24 | $11.8B | $16.6B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $367.0M | — |
| 自由现金流率自由现金流/营收 | 9.3% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | 1.98× | — |
| 过去12个月自由现金流最近4个季度 | $2.2B | — |
8季度趋势，按日历期对齐
经营现金流DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $892.5M | ||
| Q3 25 | $871.0M | $841.0M | ||
| Q2 25 | $504.0M | $715.4M | ||
| Q1 25 | $635.0M | $581.6M | ||
| Q4 24 | $518.0M | $822.6M | ||
| Q3 24 | $531.0M | $706.5M | ||
| Q2 24 | $530.0M | $620.5M |
自由现金流DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $730.0M | ||
| Q3 25 | $808.0M | $735.6M | ||
| Q2 25 | $438.0M | $560.1M | ||
| Q1 25 | $561.0M | $465.0M | ||
| Q4 24 | $486.0M | $510.6M | ||
| Q3 24 | $499.0M | $458.6M | ||
| Q2 24 | $507.0M | $311.1M |
自由现金流率DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 25.5% | ||
| Q3 25 | 23.4% | 29.4% | ||
| Q2 25 | 13.3% | 23.0% | ||
| Q1 25 | 18.5% | 20.6% | ||
| Q4 24 | 16.9% | 21.2% | ||
| Q3 24 | 18.4% | 22.5% | ||
| Q2 24 | 19.3% | 15.5% |
资本支出强度DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 5.7% | ||
| Q3 25 | 1.8% | 4.2% | ||
| Q2 25 | 2.0% | 6.4% | ||
| Q1 25 | 2.4% | 5.2% | ||
| Q4 24 | 1.1% | 12.9% | ||
| Q3 24 | 1.2% | 12.2% | ||
| Q2 24 | 0.9% | 15.4% |
现金转化率DASHISRG
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 1.12× | ||
| Q3 25 | 3.57× | 1.19× | ||
| Q2 25 | 1.77× | 1.09× | ||
| Q1 25 | 3.29× | 0.83× | ||
| Q4 24 | 3.67× | 1.20× | ||
| Q3 24 | 3.28× | 1.25× | ||
| Q2 24 | — | 1.18× |
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
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
