vs
DoorDash（DASH）与PPL Corporation（PPL）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PPL Corporation的1.7倍（$4.0B vs $2.3B），PPL Corporation净利率更高（11.3% vs 5.4%，领先5.9%），DoorDash同比增速更快（37.7% vs 7.2%），DoorDash自由现金流更多（$367.0M vs $-614.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
DASH vs PPL — 直观对比
营收规模更大
DASH
是对方的1.7倍
$2.3B
营收增速更快
DASH
高出30.4%
7.2%
净利率更高
PPL
高出5.9%
5.4%
自由现金流更多
DASH
多$981.0M
$-614.0M
两年增速更快
DASH
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.3B |
| 净利润 | $213.0M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 20.3% |
| 净利率 | 5.4% | 11.3% |
| 营收同比 | 37.7% | 7.2% |
| 净利润同比 | 51.1% | 50.3% |
| 每股收益（稀释后） | $0.49 | $0.35 |
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DASHPPL
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.6B | $1.9B | ||
| Q1 24 | $2.5B | $2.3B |
净利润DASHPPL
| Q4 25 | $213.0M | $266.0M | ||
| Q3 25 | $244.0M | $318.0M | ||
| Q2 25 | $285.0M | $183.0M | ||
| Q1 25 | $193.0M | $414.0M | ||
| Q4 24 | $141.0M | $177.0M | ||
| Q3 24 | $162.0M | $214.0M | ||
| Q2 24 | $-157.0M | $190.0M | ||
| Q1 24 | $-23.0M | $307.0M |
营业利润率DASHPPL
| Q4 25 | 3.7% | 20.3% | ||
| Q3 25 | 7.5% | 25.4% | ||
| Q2 25 | 5.0% | 19.9% | ||
| Q1 25 | 5.1% | 26.6% | ||
| Q4 24 | 4.1% | 17.2% | ||
| Q3 24 | 4.0% | 20.6% | ||
| Q2 24 | -7.6% | 20.8% | ||
| Q1 24 | -2.4% | 23.7% |
净利率DASHPPL
| Q4 25 | 5.4% | 11.3% | ||
| Q3 25 | 7.1% | 14.2% | ||
| Q2 25 | 8.7% | 9.0% | ||
| Q1 25 | 6.4% | 16.3% | ||
| Q4 24 | 4.9% | 8.1% | ||
| Q3 24 | 6.0% | 10.3% | ||
| Q2 24 | -6.0% | 10.1% | ||
| Q1 24 | -0.9% | 13.3% |
每股收益（稀释后）DASHPPL
| Q4 25 | $0.49 | $0.35 | ||
| Q3 25 | $0.55 | $0.43 | ||
| Q2 25 | $0.65 | $0.25 | ||
| Q1 25 | $0.44 | $0.56 | ||
| Q4 24 | $0.35 | $0.23 | ||
| Q3 24 | $0.38 | $0.29 | ||
| Q2 24 | $-0.38 | $0.26 | ||
| Q1 24 | $-0.06 | $0.42 |
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 | — | $18.9B |
| 股东权益账面价值 | $10.0B | $14.9B |
| 总资产 | $19.7B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资DASHPPL
| Q4 25 | $4.4B | $1.1B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.9B | $294.0M | ||
| Q1 25 | $4.5B | $312.0M | ||
| Q4 24 | $4.0B | $306.0M | ||
| Q3 24 | $3.7B | $542.0M | ||
| Q2 24 | $3.4B | $282.0M | ||
| Q1 24 | $3.1B | $276.0M |
总债务DASHPPL
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DASHPPL
| Q4 25 | $10.0B | $14.9B | ||
| Q3 25 | $9.5B | $14.4B | ||
| Q2 25 | $8.9B | $14.3B | ||
| Q1 25 | $8.4B | $14.3B | ||
| Q4 24 | $7.8B | $14.1B | ||
| Q3 24 | $7.6B | $14.1B | ||
| Q2 24 | $7.2B | $14.1B | ||
| Q1 24 | $7.0B | $14.1B |
总资产DASHPPL
| Q4 25 | $19.7B | $45.2B | ||
| Q3 25 | $18.0B | $43.9B | ||
| Q2 25 | $16.9B | $42.4B | ||
| Q1 25 | $13.6B | $41.8B | ||
| Q4 24 | $12.8B | $41.1B | ||
| Q3 24 | $12.3B | $40.5B | ||
| Q2 24 | $11.8B | $39.8B | ||
| Q1 24 | $11.4B | $39.6B |
负债/权益比DASHPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 9.3% | -26.1% |
| 资本支出强度资本支出/营收 | 1.4% | 49.5% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $-1.4B |
8季度趋势，按日历期对齐
经营现金流DASHPPL
| Q4 25 | $421.0M | $548.0M | ||
| Q3 25 | $871.0M | $966.0M | ||
| Q2 25 | $504.0M | $602.0M | ||
| Q1 25 | $635.0M | $513.0M | ||
| Q4 24 | $518.0M | $511.0M | ||
| Q3 24 | $531.0M | $781.0M | ||
| Q2 24 | $530.0M | $766.0M | ||
| Q1 24 | $553.0M | $282.0M |
自由现金流DASHPPL
| Q4 25 | $367.0M | $-614.0M | ||
| Q3 25 | $808.0M | $-179.0M | ||
| Q2 25 | $438.0M | $-328.0M | ||
| Q1 25 | $561.0M | $-280.0M | ||
| Q4 24 | $486.0M | $-349.0M | ||
| Q3 24 | $499.0M | $102.0M | ||
| Q2 24 | $507.0M | $96.0M | ||
| Q1 24 | $536.0M | $-314.0M |
自由现金流率DASHPPL
| Q4 25 | 9.3% | -26.1% | ||
| Q3 25 | 23.4% | -8.0% | ||
| Q2 25 | 13.3% | -16.1% | ||
| Q1 25 | 18.5% | -11.0% | ||
| Q4 24 | 16.9% | -15.9% | ||
| Q3 24 | 18.4% | 4.9% | ||
| Q2 24 | 19.3% | 5.1% | ||
| Q1 24 | 21.3% | -13.6% |
资本支出强度DASHPPL
| Q4 25 | 1.4% | 49.5% | ||
| Q3 25 | 1.8% | 51.2% | ||
| Q2 25 | 2.0% | 45.6% | ||
| Q1 25 | 2.4% | 31.2% | ||
| Q4 24 | 1.1% | 39.3% | ||
| Q3 24 | 1.2% | 32.7% | ||
| Q2 24 | 0.9% | 35.8% | ||
| Q1 24 | 0.7% | 25.9% |
现金转化率DASHPPL
| Q4 25 | 1.98× | 2.06× | ||
| Q3 25 | 3.57× | 3.04× | ||
| Q2 25 | 1.77× | 3.29× | ||
| Q1 25 | 3.29× | 1.24× | ||
| Q4 24 | 3.67× | 2.89× | ||
| Q3 24 | 3.28× | 3.65× | ||
| Q2 24 | — | 4.03× | ||
| Q1 24 | — | 0.92× |
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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
