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DoorDash（DASH）与Leidos（LDOS）财务数据对比。点击上方公司名可切换其他公司
Leidos的季度营收约是DoorDash的1.1倍（$4.2B vs $4.0B），Leidos净利率更高（7.8% vs 5.4%，领先2.4%），DoorDash同比增速更快（37.7% vs -3.5%），Leidos自由现金流更多（$452.0M vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 3.1%）
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。
Leidos Holdings, Inc.是总部位于美国弗吉尼亚州雷斯顿的企业，业务覆盖国防、航空、信息技术、生物医学研究领域，提供科研、工程、系统集成及技术服务。其前身为科学应用国际公司（SAIC），2016年8月与洛克希德·马丁旗下IT业务板块合并，成为国防行业规模最大的IT服务提供商。
DASH vs LDOS — 直观对比
营收规模更大
LDOS
是对方的1.1倍
$4.0B
营收增速更快
DASH
高出41.2%
-3.5%
净利率更高
LDOS
高出2.4%
5.4%
自由现金流更多
LDOS
多$85.0M
$367.0M
两年增速更快
DASH
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.2B |
| 净利润 | $213.0M | $327.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | 3.7% | 11.3% |
| 净利率 | 5.4% | 7.8% |
| 营收同比 | 37.7% | -3.5% |
| 净利润同比 | 51.1% | 15.1% |
| 每股收益（稀释后） | $0.49 | $2.54 |
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DASHLDOS
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.0B | $4.4B | ||
| Q3 25 | $3.4B | $4.2B | ||
| Q2 25 | $3.3B | $4.2B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.7B | $4.2B | ||
| Q2 24 | $2.6B | $4.1B |
净利润DASHLDOS
| Q1 26 | — | $327.0M | ||
| Q4 25 | $213.0M | $367.0M | ||
| Q3 25 | $244.0M | $391.0M | ||
| Q2 25 | $285.0M | $363.0M | ||
| Q1 25 | $193.0M | $284.0M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $162.0M | $364.0M | ||
| Q2 24 | $-157.0M | $322.0M |
毛利率DASHLDOS
| Q1 26 | — | 17.4% | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 17.5% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 16.6% |
营业利润率DASHLDOS
| Q1 26 | — | 11.3% | ||
| Q4 25 | 3.7% | 12.0% | ||
| Q3 25 | 7.5% | 13.5% | ||
| Q2 25 | 5.0% | 12.5% | ||
| Q1 25 | 5.1% | 9.7% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 4.0% | 12.4% | ||
| Q2 24 | -7.6% | 11.6% |
净利率DASHLDOS
| Q1 26 | — | 7.8% | ||
| Q4 25 | 5.4% | 8.2% | ||
| Q3 25 | 7.1% | 9.2% | ||
| Q2 25 | 8.7% | 8.6% | ||
| Q1 25 | 6.4% | 6.5% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.0% | 8.7% | ||
| Q2 24 | -6.0% | 7.8% |
每股收益（稀释后）DASHLDOS
| Q1 26 | — | $2.54 | ||
| Q4 25 | $0.49 | $2.82 | ||
| Q3 25 | $0.55 | $3.01 | ||
| Q2 25 | $0.65 | $2.77 | ||
| Q1 25 | $0.44 | $2.10 | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $0.38 | $2.68 | ||
| Q2 24 | $-0.38 | $2.37 |
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 | $1.1B |
| 总债务越低越好 | — | $4.6B |
| 股东权益账面价值 | $10.0B | $4.9B |
| 总资产 | $19.7B | $13.5B |
| 负债/权益比越低杠杆越低 | — | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资DASHLDOS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $4.4B | $974.0M | ||
| Q3 25 | $3.3B | $930.0M | ||
| Q2 25 | $3.9B | $842.0M | ||
| Q1 25 | $4.5B | $943.0M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.7B | $1.2B | ||
| Q2 24 | $3.4B | $823.0M |
总债务DASHLDOS
| Q1 26 | — | $4.6B | ||
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.1B |
股东权益DASHLDOS
| Q1 26 | — | $4.9B | ||
| Q4 25 | $10.0B | $4.9B | ||
| Q3 25 | $9.5B | $4.7B | ||
| Q2 25 | $8.9B | $4.3B | ||
| Q1 25 | $8.4B | $4.4B | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $7.6B | $4.6B | ||
| Q2 24 | $7.2B | $4.5B |
总资产DASHLDOS
| Q1 26 | — | $13.5B | ||
| Q4 25 | $19.7B | $13.5B | ||
| Q3 25 | $18.0B | $13.5B | ||
| Q2 25 | $16.9B | $13.2B | ||
| Q1 25 | $13.6B | $13.1B | ||
| Q4 24 | $12.8B | — | ||
| Q3 24 | $12.3B | $13.3B | ||
| Q2 24 | $11.8B | $12.9B |
负债/权益比DASHLDOS
| Q1 26 | — | 0.94× | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.18× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.92× |
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 | $495.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $452.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 10.8% |
| 资本支出强度资本支出/营收 | 1.4% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.51× |
| 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DASHLDOS
| Q1 26 | — | $495.0M | ||
| Q4 25 | $421.0M | — | ||
| Q3 25 | $871.0M | $711.0M | ||
| Q2 25 | $504.0M | $58.0M | ||
| Q1 25 | $635.0M | $299.0M | ||
| Q4 24 | $518.0M | — | ||
| Q3 24 | $531.0M | $656.0M | ||
| Q2 24 | $530.0M | $374.0M |
自由现金流DASHLDOS
| Q1 26 | — | $452.0M | ||
| Q4 25 | $367.0M | — | ||
| Q3 25 | $808.0M | $680.0M | ||
| Q2 25 | $438.0M | $36.0M | ||
| Q1 25 | $561.0M | $213.0M | ||
| Q4 24 | $486.0M | — | ||
| Q3 24 | $499.0M | $633.0M | ||
| Q2 24 | $507.0M | $351.0M |
自由现金流率DASHLDOS
| Q1 26 | — | 10.8% | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 23.4% | 16.1% | ||
| Q2 25 | 13.3% | 0.9% | ||
| Q1 25 | 18.5% | 4.9% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.4% | 15.2% | ||
| Q2 24 | 19.3% | 8.5% |
资本支出强度DASHLDOS
| Q1 26 | — | 1.0% | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | 0.6% | ||
| Q2 24 | 0.9% | 0.6% |
现金转化率DASHLDOS
| Q1 26 | — | 1.51× | ||
| Q4 25 | 1.98× | — | ||
| Q3 25 | 3.57× | 1.82× | ||
| Q2 25 | 1.77× | 0.16× | ||
| Q1 25 | 3.29× | 1.05× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | 1.80× | ||
| Q2 24 | — | 1.16× |
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
LDOS
| US Do D And US Intelligence Community | $1.4B | 32% |
| Cost Reimbursement And Fixed Price Incentive Fee | $1.0B | 24% |
| Commercial And International Segment | $609.0M | 15% |
| Defense Systems Segment | $546.0M | 13% |
| Other | $358.0M | 9% |
| Time And Materials And Fixed Price Level Of Effort | $295.0M | 7% |
| Commercial And Non US Customers | $38.0M | 1% |
