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DoorDash（DASH）与KLA Corporation（KLAC）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KLA Corporation的1.2倍（$4.0B vs $3.3B），KLA Corporation净利率更高（34.7% vs 5.4%，领先29.4%），DoorDash同比增速更快（37.7% vs 7.2%），KLA Corporation自由现金流更多（$1.3B vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 18.2%）
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。
KLA Corporation是总部位于美国加利福尼亚州米尔皮塔斯的企业，主营晶圆制造设备，为半导体及相关纳米电子行业提供过程控制与良率管理系统，产品及服务覆盖晶圆、光罩、集成电路、封装生产从研发到批量制造的全流程。
DASH vs KLAC — 直观对比
营收规模更大
DASH
是对方的1.2倍
$3.3B
营收增速更快
DASH
高出30.5%
7.2%
净利率更高
KLAC
高出29.4%
5.4%
自由现金流更多
KLAC
多$895.0M
$367.0M
两年增速更快
DASH
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.3B |
| 净利润 | $213.0M | $1.1B |
| 毛利率 | — | 61.4% |
| 营业利润率 | 3.7% | — |
| 净利率 | 5.4% | 34.7% |
| 营收同比 | 37.7% | 7.2% |
| 净利润同比 | 51.1% | 39.0% |
| 每股收益（稀释后） | $0.49 | $8.68 |
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DASHKLAC
| Q4 25 | $4.0B | $3.3B | ||
| Q3 25 | $3.4B | $3.2B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $2.7B | $2.8B | ||
| Q2 24 | $2.6B | $2.6B | ||
| Q1 24 | $2.5B | $2.4B |
净利润DASHKLAC
| Q4 25 | $213.0M | $1.1B | ||
| Q3 25 | $244.0M | $1.1B | ||
| Q2 25 | $285.0M | $1.2B | ||
| Q1 25 | $193.0M | $1.1B | ||
| Q4 24 | $141.0M | $824.5M | ||
| Q3 24 | $162.0M | $945.9M | ||
| Q2 24 | $-157.0M | $836.4M | ||
| Q1 24 | $-23.0M | $601.5M |
毛利率DASHKLAC
| Q4 25 | — | 61.4% | ||
| Q3 25 | — | 61.3% | ||
| Q2 25 | — | 62.0% | ||
| Q1 25 | — | 61.6% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.7% | ||
| Q1 24 | — | 57.9% |
营业利润率DASHKLAC
| Q4 25 | 3.7% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 5.0% | 41.9% | ||
| Q1 25 | 5.1% | 41.3% | ||
| Q4 24 | 4.1% | 31.6% | ||
| Q3 24 | 4.0% | 38.0% | ||
| Q2 24 | -7.6% | 36.8% | ||
| Q1 24 | -2.4% | 29.7% |
净利率DASHKLAC
| Q4 25 | 5.4% | 34.7% | ||
| Q3 25 | 7.1% | 34.9% | ||
| Q2 25 | 8.7% | 37.9% | ||
| Q1 25 | 6.4% | 35.5% | ||
| Q4 24 | 4.9% | 26.8% | ||
| Q3 24 | 6.0% | 33.3% | ||
| Q2 24 | -6.0% | 32.6% | ||
| Q1 24 | -0.9% | 25.5% |
每股收益（稀释后）DASHKLAC
| Q4 25 | $0.49 | $8.68 | ||
| Q3 25 | $0.55 | $8.47 | ||
| Q2 25 | $0.65 | $9.04 | ||
| Q1 25 | $0.44 | $8.16 | ||
| Q4 24 | $0.35 | $6.16 | ||
| Q3 24 | $0.38 | $7.01 | ||
| Q2 24 | $-0.38 | $6.16 | ||
| Q1 24 | $-0.06 | $4.43 |
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 | — | $5.9B |
| 股东权益账面价值 | $10.0B | $5.5B |
| 总资产 | $19.7B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资DASHKLAC
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $3.3B | $1.9B | ||
| Q2 25 | $3.9B | $2.1B | ||
| Q1 25 | $4.5B | $1.9B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $3.7B | $2.0B | ||
| Q2 24 | $3.4B | $2.0B | ||
| Q1 24 | $3.1B | $1.8B |
总债务DASHKLAC
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $5.9B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.9B | ||
| Q1 24 | — | $5.9B |
股东权益DASHKLAC
| Q4 25 | $10.0B | $5.5B | ||
| Q3 25 | $9.5B | $5.0B | ||
| Q2 25 | $8.9B | $4.7B | ||
| Q1 25 | $8.4B | $4.0B | ||
| Q4 24 | $7.8B | $3.6B | ||
| Q3 24 | $7.6B | $3.6B | ||
| Q2 24 | $7.2B | $3.4B | ||
| Q1 24 | $7.0B | $3.1B |
总资产DASHKLAC
| Q4 25 | $19.7B | $16.7B | ||
| Q3 25 | $18.0B | $16.3B | ||
| Q2 25 | $16.9B | $16.1B | ||
| Q1 25 | $13.6B | $15.2B | ||
| Q4 24 | $12.8B | $15.0B | ||
| Q3 24 | $12.3B | $15.7B | ||
| Q2 24 | $11.8B | $15.4B | ||
| Q1 24 | $11.4B | $15.0B |
负债/权益比DASHKLAC
| Q4 25 | — | 1.08× | ||
| Q3 25 | — | 1.18× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 1.64× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | 1.90× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $1.3B |
| 自由现金流率自由现金流/营收 | 9.3% | 38.3% |
| 资本支出强度资本支出/营收 | 1.4% | 3.2% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $4.4B |
8季度趋势，按日历期对齐
经营现金流DASHKLAC
| Q4 25 | $421.0M | $1.4B | ||
| Q3 25 | $871.0M | $1.2B | ||
| Q2 25 | $504.0M | $1.2B | ||
| Q1 25 | $635.0M | $1.1B | ||
| Q4 24 | $518.0M | $849.5M | ||
| Q3 24 | $531.0M | $995.2M | ||
| Q2 24 | $530.0M | $892.6M | ||
| Q1 24 | $553.0M | $910.0M |
自由现金流DASHKLAC
| Q4 25 | $367.0M | $1.3B | ||
| Q3 25 | $808.0M | $1.1B | ||
| Q2 25 | $438.0M | $1.1B | ||
| Q1 25 | $561.0M | $990.0M | ||
| Q4 24 | $486.0M | $757.2M | ||
| Q3 24 | $499.0M | $934.8M | ||
| Q2 24 | $507.0M | $831.9M | ||
| Q1 24 | $536.0M | $838.2M |
自由现金流率DASHKLAC
| Q4 25 | 9.3% | 38.3% | ||
| Q3 25 | 23.4% | 33.2% | ||
| Q2 25 | 13.3% | 33.5% | ||
| Q1 25 | 18.5% | 32.3% | ||
| Q4 24 | 16.9% | 24.6% | ||
| Q3 24 | 18.4% | 32.9% | ||
| Q2 24 | 19.3% | 32.4% | ||
| Q1 24 | 21.3% | 35.5% |
资本支出强度DASHKLAC
| Q4 25 | 1.4% | 3.2% | ||
| Q3 25 | 1.8% | 3.0% | ||
| Q2 25 | 2.0% | 3.2% | ||
| Q1 25 | 2.4% | 2.7% | ||
| Q4 24 | 1.1% | 3.0% | ||
| Q3 24 | 1.2% | 2.1% | ||
| Q2 24 | 0.9% | 2.4% | ||
| Q1 24 | 0.7% | 3.0% |
现金转化率DASHKLAC
| Q4 25 | 1.98× | 1.19× | ||
| Q3 25 | 3.57× | 1.04× | ||
| Q2 25 | 1.77× | 0.97× | ||
| Q1 25 | 3.29× | 0.99× | ||
| Q4 24 | 3.67× | 1.03× | ||
| Q3 24 | 3.28× | 1.05× | ||
| Q2 24 | — | 1.07× | ||
| Q1 24 | — | 1.51× |
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
KLAC
| Wafer Inspection | $1.6B | 48% |
| Services | $786.1M | 24% |
| Patterning | $696.2M | 21% |
| Specialty Semiconductor Process | $121.6M | 4% |
| PCB And Component Inspection | $80.3M | 2% |
| Other Revenue | $40.2M | 1% |
