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DoorDash（DASH）与KeyCorp（KEY）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KeyCorp的2.0倍（$4.0B vs $2.0B），KeyCorp净利率更高（25.4% vs 5.4%，领先20.1%），KeyCorp同比增速更快（131.8% vs 37.7%），KeyCorp自由现金流更多（$2.1B vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 14.4%）
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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
DASH vs KEY — 直观对比
营收规模更大
DASH
是对方的2.0倍
$2.0B
营收增速更快
KEY
高出94.1%
37.7%
净利率更高
KEY
高出20.1%
5.4%
自由现金流更多
KEY
多$1.7B
$367.0M
两年增速更快
DASH
近两年复合增速
14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.0B |
| 净利润 | $213.0M | $510.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 32.3% |
| 净利率 | 5.4% | 25.4% |
| 营收同比 | 37.7% | 131.8% |
| 净利润同比 | 51.1% | 309.0% |
| 每股收益（稀释后） | $0.49 | $0.43 |
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DASHKEY
| Q4 25 | $4.0B | $2.0B | ||
| Q3 25 | $3.4B | $1.9B | ||
| Q2 25 | $3.3B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $2.9B | $865.0M | ||
| Q3 24 | $2.7B | $695.0M | ||
| Q2 24 | $2.6B | $1.5B | ||
| Q1 24 | $2.5B | $1.5B |
净利润DASHKEY
| Q4 25 | $213.0M | $510.0M | ||
| Q3 25 | $244.0M | $489.0M | ||
| Q2 25 | $285.0M | $425.0M | ||
| Q1 25 | $193.0M | $405.0M | ||
| Q4 24 | $141.0M | $-244.0M | ||
| Q3 24 | $162.0M | $-410.0M | ||
| Q2 24 | $-157.0M | $274.0M | ||
| Q1 24 | $-23.0M | $219.0M |
营业利润率DASHKEY
| Q4 25 | 3.7% | 32.3% | ||
| Q3 25 | 7.5% | 31.8% | ||
| Q2 25 | 5.0% | 29.3% | ||
| Q1 25 | 5.1% | 29.0% | ||
| Q4 24 | 4.1% | -92.6% | ||
| Q3 24 | 4.0% | -72.8% | ||
| Q2 24 | -7.6% | 22.0% | ||
| Q1 24 | -2.4% | 18.1% |
净利率DASHKEY
| Q4 25 | 5.4% | 25.4% | ||
| Q3 25 | 7.1% | 25.8% | ||
| Q2 25 | 8.7% | 23.1% | ||
| Q1 25 | 6.4% | 22.8% | ||
| Q4 24 | 4.9% | -54.7% | ||
| Q3 24 | 6.0% | -59.0% | ||
| Q2 24 | -6.0% | 18.0% | ||
| Q1 24 | -0.9% | 14.3% |
每股收益（稀释后）DASHKEY
| Q4 25 | $0.49 | $0.43 | ||
| Q3 25 | $0.55 | $0.41 | ||
| Q2 25 | $0.65 | $0.35 | ||
| Q1 25 | $0.44 | $0.33 | ||
| Q4 24 | $0.35 | $-0.30 | ||
| Q3 24 | $0.38 | $-0.47 | ||
| Q2 24 | $-0.38 | $0.25 | ||
| Q1 24 | $-0.06 | $0.20 |
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 | $10.2B |
| 总债务越低越好 | — | $9.9B |
| 股东权益账面价值 | $10.0B | $20.4B |
| 总资产 | $19.7B | $184.4B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资DASHKEY
| Q4 25 | $4.4B | $10.2B | ||
| Q3 25 | $3.3B | $13.3B | ||
| Q2 25 | $3.9B | $11.6B | ||
| Q1 25 | $4.5B | $15.3B | ||
| Q4 24 | $4.0B | $17.5B | ||
| Q3 24 | $3.7B | $22.8B | ||
| Q2 24 | $3.4B | $15.5B | ||
| Q1 24 | $3.1B | $13.2B |
总债务DASHKEY
| Q4 25 | — | $9.9B | ||
| Q3 25 | — | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $20.8B |
股东权益DASHKEY
| Q4 25 | $10.0B | $20.4B | ||
| Q3 25 | $9.5B | $20.1B | ||
| Q2 25 | $8.9B | $19.5B | ||
| Q1 25 | $8.4B | $19.0B | ||
| Q4 24 | $7.8B | $18.2B | ||
| Q3 24 | $7.6B | $16.9B | ||
| Q2 24 | $7.2B | $14.8B | ||
| Q1 24 | $7.0B | $14.5B |
总资产DASHKEY
| Q4 25 | $19.7B | $184.4B | ||
| Q3 25 | $18.0B | $187.4B | ||
| Q2 25 | $16.9B | $185.5B | ||
| Q1 25 | $13.6B | $188.7B | ||
| Q4 24 | $12.8B | $187.2B | ||
| Q3 24 | $12.3B | $189.8B | ||
| Q2 24 | $11.8B | $187.4B | ||
| Q1 24 | $11.4B | $187.5B |
负债/权益比DASHKEY
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 1.43× |
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 | $2.2B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $2.1B |
| 自由现金流率自由现金流/营收 | 9.3% | 104.8% |
| 资本支出强度资本支出/营收 | 1.4% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.98× | 4.33× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $3.5B |
8季度趋势，按日历期对齐
经营现金流DASHKEY
| Q4 25 | $421.0M | $2.2B | ||
| Q3 25 | $871.0M | $396.0M | ||
| Q2 25 | $504.0M | $1.2B | ||
| Q1 25 | $635.0M | $-140.0M | ||
| Q4 24 | $518.0M | $664.0M | ||
| Q3 24 | $531.0M | $-1.2B | ||
| Q2 24 | $530.0M | $-217.0M | ||
| Q1 24 | $553.0M | $359.0M |
自由现金流DASHKEY
| Q4 25 | $367.0M | $2.1B | ||
| Q3 25 | $808.0M | $367.0M | ||
| Q2 25 | $438.0M | $1.2B | ||
| Q1 25 | $561.0M | $-150.0M | ||
| Q4 24 | $486.0M | $599.0M | ||
| Q3 24 | $499.0M | $-1.2B | ||
| Q2 24 | $507.0M | $-230.0M | ||
| Q1 24 | $536.0M | $347.0M |
自由现金流率DASHKEY
| Q4 25 | 9.3% | 104.8% | ||
| Q3 25 | 23.4% | 19.4% | ||
| Q2 25 | 13.3% | 65.8% | ||
| Q1 25 | 18.5% | -8.5% | ||
| Q4 24 | 16.9% | 69.2% | ||
| Q3 24 | 18.4% | -175.8% | ||
| Q2 24 | 19.3% | -15.1% | ||
| Q1 24 | 21.3% | 22.6% |
资本支出强度DASHKEY
| Q4 25 | 1.4% | 5.3% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 2.0% | 1.3% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 1.1% | 7.5% | ||
| Q3 24 | 1.2% | 2.4% | ||
| Q2 24 | 0.9% | 0.9% | ||
| Q1 24 | 0.7% | 0.8% |
现金转化率DASHKEY
| Q4 25 | 1.98× | 4.33× | ||
| Q3 25 | 3.57× | 0.81× | ||
| Q2 25 | 1.77× | 2.90× | ||
| Q1 25 | 3.29× | -0.35× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.64× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
