vs
DoorDash（DASH）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是DoorDash的1.5倍（$6.0B vs $4.0B），3M净利率更高（10.8% vs 5.4%，领先5.4%），DoorDash同比增速更快（37.7% vs 1.3%），3M自由现金流更多（$2.0B vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs -1.8%）
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。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
DASH vs MMM — 直观对比
营收规模更大
MMM
是对方的1.5倍
$4.0B
营收增速更快
DASH
高出36.4%
1.3%
净利率更高
MMM
高出5.4%
5.4%
自由现金流更多
MMM
多$1.7B
$367.0M
两年增速更快
DASH
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $6.0B |
| 净利润 | $213.0M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 3.7% | 23.2% |
| 净利率 | 5.4% | 10.8% |
| 营收同比 | 37.7% | 1.3% |
| 净利润同比 | 51.1% | -41.5% |
| 每股收益（稀释后） | $0.49 | $1.23 |
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DASHMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $4.0B | $6.1B | ||
| Q3 25 | $3.4B | $6.5B | ||
| Q2 25 | $3.3B | $6.3B | ||
| Q1 25 | $3.0B | $6.0B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $2.7B | $6.3B | ||
| Q2 24 | $2.6B | $6.3B |
净利润DASHMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $213.0M | $577.0M | ||
| Q3 25 | $244.0M | $834.0M | ||
| Q2 25 | $285.0M | $723.0M | ||
| Q1 25 | $193.0M | $1.1B | ||
| Q4 24 | $141.0M | $728.0M | ||
| Q3 24 | $162.0M | $1.4B | ||
| Q2 24 | $-157.0M | $1.1B |
毛利率DASHMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率DASHMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.7% | 13.0% | ||
| Q3 25 | 7.5% | 22.2% | ||
| Q2 25 | 5.0% | 18.0% | ||
| Q1 25 | 5.1% | 20.9% | ||
| Q4 24 | 4.1% | 12.2% | ||
| Q3 24 | 4.0% | 20.9% | ||
| Q2 24 | -7.6% | 20.3% |
净利率DASHMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 5.4% | 9.4% | ||
| Q3 25 | 7.1% | 12.8% | ||
| Q2 25 | 8.7% | 11.4% | ||
| Q1 25 | 6.4% | 18.7% | ||
| Q4 24 | 4.9% | 12.1% | ||
| Q3 24 | 6.0% | 21.8% | ||
| Q2 24 | -6.0% | 18.3% |
每股收益（稀释后）DASHMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.49 | $1.07 | ||
| Q3 25 | $0.55 | $1.55 | ||
| Q2 25 | $0.65 | $1.34 | ||
| Q1 25 | $0.44 | $2.04 | ||
| Q4 24 | $0.35 | $1.33 | ||
| Q3 24 | $0.38 | $2.48 | ||
| Q2 24 | $-0.38 | $2.07 |
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 | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $10.0B | $3.3B |
| 总资产 | $19.7B | $35.4B |
| 负债/权益比越低杠杆越低 | — | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资DASHMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.4B | — |
总债务DASHMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益DASHMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $10.0B | $4.7B | ||
| Q3 25 | $9.5B | $4.6B | ||
| Q2 25 | $8.9B | $4.3B | ||
| Q1 25 | $8.4B | $4.5B | ||
| Q4 24 | $7.8B | $3.8B | ||
| Q3 24 | $7.6B | $4.6B | ||
| Q2 24 | $7.2B | $3.9B |
总资产DASHMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $19.7B | $37.7B | ||
| Q3 25 | $18.0B | $37.6B | ||
| Q2 25 | $16.9B | $38.0B | ||
| Q1 25 | $13.6B | $40.0B | ||
| Q4 24 | $12.8B | $39.9B | ||
| Q3 24 | $12.3B | $40.9B | ||
| Q2 24 | $11.8B | $43.4B |
负债/权益比DASHMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | $2.0B |
| 自由现金流率自由现金流/营收 | 9.3% | 33.6% |
| 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 | $3.7B |
8季度趋势，按日历期对齐
经营现金流DASHMMM
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $1.6B | ||
| Q3 25 | $871.0M | $1.8B | ||
| Q2 25 | $504.0M | $-954.0M | ||
| Q1 25 | $635.0M | $-79.0M | ||
| Q4 24 | $518.0M | $1.8B | ||
| Q3 24 | $531.0M | $-1.8B | ||
| Q2 24 | $530.0M | $1.0B |
自由现金流DASHMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $367.0M | $1.3B | ||
| Q3 25 | $808.0M | $1.5B | ||
| Q2 25 | $438.0M | $-1.2B | ||
| Q1 25 | $561.0M | $-315.0M | ||
| Q4 24 | $486.0M | $1.5B | ||
| Q3 24 | $499.0M | $-2.0B | ||
| Q2 24 | $507.0M | $752.0M |
自由现金流率DASHMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 9.3% | 21.8% | ||
| Q3 25 | 23.4% | 23.6% | ||
| Q2 25 | 13.3% | -18.3% | ||
| Q1 25 | 18.5% | -5.3% | ||
| Q4 24 | 16.9% | 25.4% | ||
| Q3 24 | 18.4% | -32.3% | ||
| Q2 24 | 19.3% | 12.0% |
资本支出强度DASHMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 4.0% | ||
| Q3 25 | 1.8% | 3.3% | ||
| Q2 25 | 2.0% | 3.3% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 1.1% | 4.8% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 0.9% | 4.3% |
现金转化率DASHMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 2.74× | ||
| Q3 25 | 3.57× | 2.11× | ||
| Q2 25 | 1.77× | -1.32× | ||
| Q1 25 | 3.29× | -0.07× | ||
| Q4 24 | 3.67× | 2.50× | ||
| Q3 24 | 3.28× | -1.30× | ||
| Q2 24 | — | 0.89× |
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
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
