vs
DoorDash（DASH）与帕卡（PCAR）财务数据对比。点击上方公司名可切换其他公司
帕卡的季度营收约是DoorDash的1.7倍（$6.8B vs $4.0B），帕卡净利率更高（8.2% vs 5.4%，领先2.8%），DoorDash同比增速更快（37.7% vs -13.7%），帕卡自由现金流更多（$954.4M vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs -11.7%）
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。
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
DASH vs PCAR — 直观对比
营收规模更大
PCAR
是对方的1.7倍
$4.0B
营收增速更快
DASH
高出51.4%
-13.7%
净利率更高
PCAR
高出2.8%
5.4%
自由现金流更多
PCAR
多$587.4M
$367.0M
两年增速更快
DASH
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $6.8B |
| 净利润 | $213.0M | $556.9M |
| 毛利率 | — | 19.3% |
| 营业利润率 | 3.7% | 10.3% |
| 净利率 | 5.4% | 8.2% |
| 营收同比 | 37.7% | -13.7% |
| 净利润同比 | 51.1% | -36.1% |
| 每股收益（稀释后） | $0.49 | $1.06 |
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DASHPCAR
| Q4 25 | $4.0B | $6.8B | ||
| Q3 25 | $3.4B | $6.7B | ||
| Q2 25 | $3.3B | $7.5B | ||
| Q1 25 | $3.0B | $7.4B | ||
| Q4 24 | $2.9B | $7.9B | ||
| Q3 24 | $2.7B | $8.2B | ||
| Q2 24 | $2.6B | $8.8B | ||
| Q1 24 | $2.5B | $8.7B |
净利润DASHPCAR
| Q4 25 | $213.0M | $556.9M | ||
| Q3 25 | $244.0M | $590.0M | ||
| Q2 25 | $285.0M | $723.8M | ||
| Q1 25 | $193.0M | $505.1M | ||
| Q4 24 | $141.0M | $872.0M | ||
| Q3 24 | $162.0M | $972.1M | ||
| Q2 24 | $-157.0M | $1.1B | ||
| Q1 24 | $-23.0M | $1.2B |
毛利率DASHPCAR
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 22.0% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 23.7% |
营业利润率DASHPCAR
| Q4 25 | 3.7% | 10.3% | ||
| Q3 25 | 7.5% | 11.1% | ||
| Q2 25 | 5.0% | 12.4% | ||
| Q1 25 | 5.1% | 8.6% | ||
| Q4 24 | 4.1% | 14.5% | ||
| Q3 24 | 4.0% | 15.2% | ||
| Q2 24 | -7.6% | 16.7% | ||
| Q1 24 | -2.4% | 17.5% |
净利率DASHPCAR
| Q4 25 | 5.4% | 8.2% | ||
| Q3 25 | 7.1% | 8.8% | ||
| Q2 25 | 8.7% | 9.6% | ||
| Q1 25 | 6.4% | 6.8% | ||
| Q4 24 | 4.9% | 11.0% | ||
| Q3 24 | 6.0% | 11.8% | ||
| Q2 24 | -6.0% | 12.8% | ||
| Q1 24 | -0.9% | 13.7% |
每股收益（稀释后）DASHPCAR
| Q4 25 | $0.49 | $1.06 | ||
| Q3 25 | $0.55 | $1.12 | ||
| Q2 25 | $0.65 | $1.37 | ||
| Q1 25 | $0.44 | $0.96 | ||
| Q4 24 | $0.35 | $1.65 | ||
| Q3 24 | $0.38 | $1.85 | ||
| Q2 24 | $-0.38 | $2.13 | ||
| Q1 24 | $-0.06 | $2.27 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | $19.3B |
| 总资产 | $19.7B | $44.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DASHPCAR
| 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 | — | ||
| Q1 24 | $3.1B | — |
股东权益DASHPCAR
| Q4 25 | $10.0B | $19.3B | ||
| Q3 25 | $9.5B | $19.4B | ||
| Q2 25 | $8.9B | $18.9B | ||
| Q1 25 | $8.4B | $18.0B | ||
| Q4 24 | $7.8B | $17.5B | ||
| Q3 24 | $7.6B | $18.7B | ||
| Q2 24 | $7.2B | $17.7B | ||
| Q1 24 | $7.0B | $16.9B |
总资产DASHPCAR
| Q4 25 | $19.7B | $44.3B | ||
| Q3 25 | $18.0B | $44.2B | ||
| Q2 25 | $16.9B | $44.1B | ||
| Q1 25 | $13.6B | $42.7B | ||
| Q4 24 | $12.8B | $43.4B | ||
| Q3 24 | $12.3B | $43.3B | ||
| Q2 24 | $11.8B | $41.2B | ||
| Q1 24 | $11.4B | $40.4B |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $954.4M |
| 自由现金流率自由现金流/营收 | 9.3% | 14.0% |
| 资本支出强度资本支出/营收 | 1.4% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.05× |
| 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DASHPCAR
| Q4 25 | $421.0M | $1.1B | ||
| Q3 25 | $871.0M | $1.5B | ||
| Q2 25 | $504.0M | $833.4M | ||
| Q1 25 | $635.0M | $910.3M | ||
| Q4 24 | $518.0M | $1.4B | ||
| Q3 24 | $531.0M | $1.3B | ||
| Q2 24 | $530.0M | $440.0M | ||
| Q1 24 | $553.0M | $1.5B |
自由现金流DASHPCAR
| Q4 25 | $367.0M | $954.4M | ||
| Q3 25 | $808.0M | $1.4B | ||
| Q2 25 | $438.0M | $611.3M | ||
| Q1 25 | $561.0M | $745.2M | ||
| Q4 24 | $486.0M | $1.2B | ||
| Q3 24 | $499.0M | $1.1B | ||
| Q2 24 | $507.0M | $219.7M | ||
| Q1 24 | $536.0M | $1.3B |
自由现金流率DASHPCAR
| Q4 25 | 9.3% | 14.0% | ||
| Q3 25 | 23.4% | 20.4% | ||
| Q2 25 | 13.3% | 8.1% | ||
| Q1 25 | 18.5% | 10.0% | ||
| Q4 24 | 16.9% | 15.3% | ||
| Q3 24 | 18.4% | 13.3% | ||
| Q2 24 | 19.3% | 2.5% | ||
| Q1 24 | 21.3% | 14.6% |
资本支出强度DASHPCAR
| Q4 25 | 1.4% | 2.8% | ||
| Q3 25 | 1.8% | 2.5% | ||
| Q2 25 | 2.0% | 3.0% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 1.1% | 3.0% | ||
| Q3 24 | 1.2% | 2.4% | ||
| Q2 24 | 0.9% | 2.5% | ||
| Q1 24 | 0.7% | 2.2% |
现金转化率DASHPCAR
| Q4 25 | 1.98× | 2.05× | ||
| Q3 25 | 3.57× | 2.59× | ||
| Q2 25 | 1.77× | 1.15× | ||
| Q1 25 | 3.29× | 1.80× | ||
| Q4 24 | 3.67× | 1.66× | ||
| Q3 24 | 3.28× | 1.32× | ||
| Q2 24 | — | 0.39× | ||
| Q1 24 | — | 1.23× |
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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
