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DoorDash（DASH）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是利氏兄弟拍卖行的3.3倍（$4.0B vs $1.2B）。利氏兄弟拍卖行净利率更高（9.1% vs 5.4%，领先3.7%）。DoorDash同比增速更快（37.7% vs 5.4%）。DoorDash自由现金流更多（$367.0M vs $186.5M）。过去两年DoorDash的营收复合增速更高（25.5% vs 6.3%）
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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
DASH vs RBA — 直观对比
营收规模更大
DASH
是对方的3.3倍
$1.2B
营收增速更快
DASH
高出32.2%
5.4%
净利率更高
RBA
高出3.7%
5.4%
自由现金流更多
DASH
多$180.5M
$186.5M
两年增速更快
DASH
近两年复合增速
6.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $1.2B |
| 净利润 | $213.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 14.7% |
| 净利率 | 5.4% | 9.1% |
| 营收同比 | 37.7% | 5.4% |
| 净利润同比 | 51.1% | -7.4% |
| 每股收益（稀释后） | $0.49 | $0.53 |
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DASHRBA
| Q4 25 | $4.0B | $1.2B | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.0B | $1.1B | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | $2.7B | $981.8M | ||
| Q2 24 | $2.6B | $1.1B | ||
| Q1 24 | $2.5B | $1.1B |
净利润DASHRBA
| Q4 25 | $213.0M | $109.7M | ||
| Q3 25 | $244.0M | $95.5M | ||
| Q2 25 | $285.0M | $109.8M | ||
| Q1 25 | $193.0M | $113.4M | ||
| Q4 24 | $141.0M | $118.5M | ||
| Q3 24 | $162.0M | $76.1M | ||
| Q2 24 | $-157.0M | $111.1M | ||
| Q1 24 | $-23.0M | $107.4M |
营业利润率DASHRBA
| Q4 25 | 3.7% | 14.7% | ||
| Q3 25 | 7.5% | 14.5% | ||
| Q2 25 | 5.0% | 15.9% | ||
| Q1 25 | 5.1% | 17.1% | ||
| Q4 24 | 4.1% | 18.1% | ||
| Q3 24 | 4.0% | 15.6% | ||
| Q2 24 | -7.6% | 18.4% | ||
| Q1 24 | -2.4% | 18.7% |
净利率DASHRBA
| Q4 25 | 5.4% | 9.1% | ||
| Q3 25 | 7.1% | 8.7% | ||
| Q2 25 | 8.7% | 9.3% | ||
| Q1 25 | 6.4% | 10.2% | ||
| Q4 24 | 4.9% | 10.4% | ||
| Q3 24 | 6.0% | 7.8% | ||
| Q2 24 | -6.0% | 10.1% | ||
| Q1 24 | -0.9% | 10.1% |
每股收益（稀释后）DASHRBA
| Q4 25 | $0.49 | $0.53 | ||
| Q3 25 | $0.55 | $0.43 | ||
| Q2 25 | $0.65 | $0.53 | ||
| Q1 25 | $0.44 | $0.55 | ||
| Q4 24 | $0.35 | $0.58 | ||
| Q3 24 | $0.38 | $0.36 | ||
| Q2 24 | $-0.38 | $0.54 | ||
| Q1 24 | $-0.06 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $10.0B | $5.6B |
| 总资产 | $19.7B | $12.1B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DASHRBA
| Q4 25 | $4.4B | $531.5M | ||
| Q3 25 | $3.3B | $674.7M | ||
| Q2 25 | $3.9B | $710.2M | ||
| Q1 25 | $4.5B | $578.1M | ||
| Q4 24 | $4.0B | $533.9M | ||
| Q3 24 | $3.7B | $650.7M | ||
| Q2 24 | $3.4B | $599.5M | ||
| Q1 24 | $3.1B | $462.8M |
总债务DASHRBA
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益DASHRBA
| Q4 25 | $10.0B | $5.6B | ||
| Q3 25 | $9.5B | $5.5B | ||
| Q2 25 | $8.9B | $5.5B | ||
| Q1 25 | $8.4B | $5.3B | ||
| Q4 24 | $7.8B | $5.2B | ||
| Q3 24 | $7.6B | $5.2B | ||
| Q2 24 | $7.2B | $5.2B | ||
| Q1 24 | $7.0B | $5.1B |
总资产DASHRBA
| Q4 25 | $19.7B | $12.1B | ||
| Q3 25 | $18.0B | $12.2B | ||
| Q2 25 | $16.9B | $12.2B | ||
| Q1 25 | $13.6B | $11.9B | ||
| Q4 24 | $12.8B | $11.8B | ||
| Q3 24 | $12.3B | $11.9B | ||
| Q2 24 | $11.8B | $12.1B | ||
| Q1 24 | $11.4B | $12.0B |
负债/权益比DASHRBA
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 9.3% | 15.5% |
| 资本支出强度资本支出/营收 | 1.4% | 5.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $719.2M |
8季度趋势，按日历期对齐
经营现金流DASHRBA
| Q4 25 | $421.0M | $255.2M | ||
| Q3 25 | $871.0M | $239.7M | ||
| Q2 25 | $504.0M | $326.5M | ||
| Q1 25 | $635.0M | $156.8M | ||
| Q4 24 | $518.0M | $184.5M | ||
| Q3 24 | $531.0M | $285.4M | ||
| Q2 24 | $530.0M | $337.3M | ||
| Q1 24 | $553.0M | $124.8M |
自由现金流DASHRBA
| Q4 25 | $367.0M | $186.5M | ||
| Q3 25 | $808.0M | $188.5M | ||
| Q2 25 | $438.0M | $241.7M | ||
| Q1 25 | $561.0M | $102.5M | ||
| Q4 24 | $486.0M | $127.9M | ||
| Q3 24 | $499.0M | $248.5M | ||
| Q2 24 | $507.0M | $308.6M | ||
| Q1 24 | $536.0M | $79.6M |
自由现金流率DASHRBA
| Q4 25 | 9.3% | 15.5% | ||
| Q3 25 | 23.4% | 17.3% | ||
| Q2 25 | 13.3% | 20.4% | ||
| Q1 25 | 18.5% | 9.2% | ||
| Q4 24 | 16.9% | 11.2% | ||
| Q3 24 | 18.4% | 25.3% | ||
| Q2 24 | 19.3% | 28.2% | ||
| Q1 24 | 21.3% | 7.5% |
资本支出强度DASHRBA
| Q4 25 | 1.4% | 5.7% | ||
| Q3 25 | 1.8% | 4.7% | ||
| Q2 25 | 2.0% | 7.2% | ||
| Q1 25 | 2.4% | 4.9% | ||
| Q4 24 | 1.1% | 5.0% | ||
| Q3 24 | 1.2% | 3.8% | ||
| Q2 24 | 0.9% | 2.6% | ||
| Q1 24 | 0.7% | 4.2% |
现金转化率DASHRBA
| Q4 25 | 1.98× | 2.33× | ||
| Q3 25 | 3.57× | 2.51× | ||
| Q2 25 | 1.77× | 2.97× | ||
| Q1 25 | 3.29× | 1.38× | ||
| Q4 24 | 3.67× | 1.56× | ||
| Q3 24 | 3.28× | 3.75× | ||
| Q2 24 | — | 3.04× | ||
| Q1 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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
