vs
DoorDash（DASH）与纳斯达克（NDAQ）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是纳斯达克的1.9倍（$4.0B vs $2.1B），纳斯达克净利率更高（24.3% vs 5.4%，领先18.9%），DoorDash同比增速更快（37.7% vs 2.0%），过去两年DoorDash的营收复合增速更高（25.5% vs 9.2%）
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。
纳斯达克是美国的证券交易所，市值规模在全球证券交易所中排名第二，也是全球首个完全电子化的股票市场。其总部位于纽约曼哈顿，是美国交易量领先、活跃度最高的股票交易场所之一。
DASH vs NDAQ — 直观对比
营收规模更大
DASH
是对方的1.9倍
$2.1B
营收增速更快
DASH
高出35.7%
2.0%
净利率更高
NDAQ
高出18.9%
5.4%
两年增速更快
DASH
近两年复合增速
9.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.1B |
| 净利润 | $213.0M | $519.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 30.7% |
| 净利率 | 5.4% | 24.3% |
| 营收同比 | 37.7% | 2.0% |
| 净利润同比 | 51.1% | 31.4% |
| 每股收益（稀释后） | $0.49 | $0.91 |
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DASHNDAQ
| Q1 26 | — | $2.1B | ||
| Q4 25 | $4.0B | $2.1B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $2.9B | $2.0B | ||
| Q3 24 | $2.7B | $1.9B | ||
| Q2 24 | $2.6B | $1.8B |
净利润DASHNDAQ
| Q1 26 | — | $519.0M | ||
| Q4 25 | $213.0M | $518.0M | ||
| Q3 25 | $244.0M | $423.0M | ||
| Q2 25 | $285.0M | $452.0M | ||
| Q1 25 | $193.0M | $395.0M | ||
| Q4 24 | $141.0M | $355.0M | ||
| Q3 24 | $162.0M | $306.0M | ||
| Q2 24 | $-157.0M | $222.0M |
毛利率DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | — | 65.5% | ||
| Q3 25 | — | 67.2% | ||
| Q2 25 | — | 62.5% | ||
| Q1 25 | — | 59.2% | ||
| Q4 24 | — | 60.4% | ||
| Q3 24 | — | 60.3% | ||
| Q2 24 | — | 64.7% |
营业利润率DASHNDAQ
| Q1 26 | — | 30.7% | ||
| Q4 25 | 3.7% | 29.7% | ||
| Q3 25 | 7.5% | 29.9% | ||
| Q2 25 | 5.0% | 27.2% | ||
| Q1 25 | 5.1% | 26.2% | ||
| Q4 24 | 4.1% | 25.4% | ||
| Q3 24 | 4.0% | 23.6% | ||
| Q2 24 | -7.6% | 23.6% |
净利率DASHNDAQ
| Q1 26 | — | 24.3% | ||
| Q4 25 | 5.4% | 24.4% | ||
| Q3 25 | 7.1% | 21.6% | ||
| Q2 25 | 8.7% | 21.6% | ||
| Q1 25 | 6.4% | 18.9% | ||
| Q4 24 | 4.9% | 17.5% | ||
| Q3 24 | 6.0% | 16.1% | ||
| Q2 24 | -6.0% | 12.4% |
每股收益（稀释后）DASHNDAQ
| Q1 26 | — | $0.91 | ||
| Q4 25 | $0.49 | $0.90 | ||
| Q3 25 | $0.55 | $0.73 | ||
| Q2 25 | $0.65 | $0.78 | ||
| Q1 25 | $0.44 | $0.68 | ||
| Q4 24 | $0.35 | $0.62 | ||
| Q3 24 | $0.38 | $0.53 | ||
| Q2 24 | $-0.38 | $0.38 |
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 | $515.0M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $10.0B | $12.0B |
| 总资产 | $19.7B | $27.3B |
| 负债/权益比越低杠杆越低 | — | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资DASHNDAQ
| Q1 26 | — | $515.0M | ||
| Q4 25 | $4.4B | $604.0M | ||
| Q3 25 | $3.3B | $470.0M | ||
| Q2 25 | $3.9B | $732.0M | ||
| Q1 25 | $4.5B | $690.0M | ||
| Q4 24 | $4.0B | $592.0M | ||
| Q3 24 | $3.7B | $266.0M | ||
| Q2 24 | $3.4B | $416.0M |
总债务DASHNDAQ
| Q1 26 | — | $9.0B | ||
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.7B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | — | $9.4B | ||
| Q2 24 | — | $9.2B |
股东权益DASHNDAQ
| Q1 26 | — | $12.0B | ||
| Q4 25 | $10.0B | $12.2B | ||
| Q3 25 | $9.5B | $12.0B | ||
| Q2 25 | $8.9B | $11.8B | ||
| Q1 25 | $8.4B | $11.5B | ||
| Q4 24 | $7.8B | $11.2B | ||
| Q3 24 | $7.6B | $11.1B | ||
| Q2 24 | $7.2B | $10.9B |
总资产DASHNDAQ
| Q1 26 | — | $27.3B | ||
| Q4 25 | $19.7B | $31.1B | ||
| Q3 25 | $18.0B | $30.7B | ||
| Q2 25 | $16.9B | $30.4B | ||
| Q1 25 | $13.6B | $30.6B | ||
| Q4 24 | $12.8B | $30.4B | ||
| Q3 24 | $12.3B | $30.6B | ||
| Q2 24 | $11.8B | $30.2B |
负债/权益比DASHNDAQ
| Q1 26 | — | 0.74× | ||
| Q4 25 | — | 0.70× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 0.85× |
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DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $625.0M | ||
| Q3 25 | $871.0M | $221.0M | ||
| Q2 25 | $504.0M | $746.0M | ||
| Q1 25 | $635.0M | $663.0M | ||
| Q4 24 | $518.0M | $705.0M | ||
| Q3 24 | $531.0M | $244.0M | ||
| Q2 24 | $530.0M | $460.0M |
自由现金流DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $536.0M | ||
| Q3 25 | $808.0M | $152.0M | ||
| Q2 25 | $438.0M | $687.0M | ||
| Q1 25 | $561.0M | $614.0M | ||
| Q4 24 | $486.0M | $645.0M | ||
| Q3 24 | $499.0M | $188.0M | ||
| Q2 24 | $507.0M | $408.0M |
自由现金流率DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 25.2% | ||
| Q3 25 | 23.4% | 7.8% | ||
| Q2 25 | 13.3% | 32.9% | ||
| Q1 25 | 18.5% | 29.4% | ||
| Q4 24 | 16.9% | 31.7% | ||
| Q3 24 | 18.4% | 9.9% | ||
| Q2 24 | 19.3% | 22.8% |
资本支出强度DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 4.2% | ||
| Q3 25 | 1.8% | 3.5% | ||
| Q2 25 | 2.0% | 2.8% | ||
| Q1 25 | 2.4% | 2.3% | ||
| Q4 24 | 1.1% | 3.0% | ||
| Q3 24 | 1.2% | 2.9% | ||
| Q2 24 | 0.9% | 2.9% |
现金转化率DASHNDAQ
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 1.21× | ||
| Q3 25 | 3.57× | 0.52× | ||
| Q2 25 | 1.77× | 1.65× | ||
| Q1 25 | 3.29× | 1.68× | ||
| Q4 24 | 3.67× | 1.99× | ||
| Q3 24 | 3.28× | 0.80× | ||
| Q2 24 | — | 2.07× |
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
NDAQ
| Market Services | $1.0B | 49% |
| Capital Access Platforms | $565.0M | 26% |
| Financial Technology | $517.0M | 24% |
| Other Revenues | $8.0M | 0% |
