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DoorDash（DASH）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.5倍（$4.0B vs $2.7B），DoorDash净利率更高（5.4% vs 2.5%，领先2.9%），Rocket Companies, Inc.同比增速更快（52.2% vs 37.7%），DoorDash自由现金流更多（$367.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 25.5%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
DASH vs RKT — 直观对比
营收规模更大
DASH
是对方的1.5倍
$2.7B
营收增速更快
RKT
高出14.5%
37.7%
净利率更高
DASH
高出2.9%
2.5%
自由现金流更多
DASH
多$1.6B
$-1.3B
两年增速更快
RKT
近两年复合增速
25.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.7B |
| 净利润 | $213.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 6.3% |
| 净利率 | 5.4% | 2.5% |
| 营收同比 | 37.7% | 52.2% |
| 净利润同比 | 51.1% | 100.8% |
| 每股收益（稀释后） | $0.49 | $0.10 |
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DASHRKT
| Q4 25 | $4.0B | $2.7B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $2.7B | $646.9M | ||
| Q2 24 | $2.6B | $1.3B | ||
| Q1 24 | $2.5B | $1.4B |
净利润DASHRKT
| Q4 25 | $213.0M | $68.0M | ||
| Q3 25 | $244.0M | $-123.9M | ||
| Q2 25 | $285.0M | $-1.8M | ||
| Q1 25 | $193.0M | $-10.4M | ||
| Q4 24 | $141.0M | $33.9M | ||
| Q3 24 | $162.0M | $-22.0M | ||
| Q2 24 | $-157.0M | $1.3M | ||
| Q1 24 | $-23.0M | $16.2M |
毛利率DASHRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率DASHRKT
| Q4 25 | 3.7% | 6.3% | ||
| Q3 25 | 7.5% | -11.5% | ||
| Q2 25 | 5.0% | 1.8% | ||
| Q1 25 | 5.1% | -21.5% | ||
| Q4 24 | 4.1% | 38.1% | ||
| Q3 24 | 4.0% | -76.9% | ||
| Q2 24 | -7.6% | 14.8% | ||
| Q1 24 | -2.4% | 21.6% |
净利率DASHRKT
| Q4 25 | 5.4% | 2.5% | ||
| Q3 25 | 7.1% | -7.7% | ||
| Q2 25 | 8.7% | -0.1% | ||
| Q1 25 | 6.4% | -1.0% | ||
| Q4 24 | 4.9% | 1.9% | ||
| Q3 24 | 6.0% | -3.4% | ||
| Q2 24 | -6.0% | 0.1% | ||
| Q1 24 | -0.9% | 1.2% |
每股收益（稀释后）DASHRKT
| Q4 25 | $0.49 | $0.10 | ||
| Q3 25 | $0.55 | $-0.06 | ||
| Q2 25 | $0.65 | $-0.01 | ||
| Q1 25 | $0.44 | $-0.08 | ||
| Q4 24 | $0.35 | $0.28 | ||
| Q3 24 | $0.38 | $-0.19 | ||
| Q2 24 | $-0.38 | $0.01 | ||
| Q1 24 | $-0.06 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | $22.9B |
| 总资产 | $19.7B | $60.7B |
| 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DASHRKT
| Q4 25 | $4.4B | $2.7B | ||
| Q3 25 | $3.3B | $5.8B | ||
| Q2 25 | $3.9B | $5.1B | ||
| Q1 25 | $4.5B | $1.4B | ||
| Q4 24 | $4.0B | $1.3B | ||
| Q3 24 | $3.7B | $1.2B | ||
| Q2 24 | $3.4B | $1.3B | ||
| Q1 24 | $3.1B | $861.4M |
股东权益DASHRKT
| Q4 25 | $10.0B | $22.9B | ||
| Q3 25 | $9.5B | $8.9B | ||
| Q2 25 | $8.9B | $7.4B | ||
| Q1 25 | $8.4B | $8.6B | ||
| Q4 24 | $7.8B | $9.0B | ||
| Q3 24 | $7.6B | $8.4B | ||
| Q2 24 | $7.2B | $8.8B | ||
| Q1 24 | $7.0B | $8.6B |
总资产DASHRKT
| Q4 25 | $19.7B | $60.7B | ||
| Q3 25 | $18.0B | $33.6B | ||
| Q2 25 | $16.9B | $30.4B | ||
| Q1 25 | $13.6B | $25.3B | ||
| Q4 24 | $12.8B | $24.5B | ||
| Q3 24 | $12.3B | $25.1B | ||
| Q2 24 | $11.8B | $23.6B | ||
| Q1 24 | $11.4B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 9.3% | -47.2% |
| 资本支出强度资本支出/营收 | 1.4% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.98× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流DASHRKT
| Q4 25 | $421.0M | $-1.2B | ||
| Q3 25 | $871.0M | $-50.3M | ||
| Q2 25 | $504.0M | $-1.9B | ||
| Q1 25 | $635.0M | $-797.0M | ||
| Q4 24 | $518.0M | $1.8B | ||
| Q3 24 | $531.0M | $-1.3B | ||
| Q2 24 | $530.0M | $-122.3M | ||
| Q1 24 | $553.0M | $-3.0B |
自由现金流DASHRKT
| Q4 25 | $367.0M | $-1.3B | ||
| Q3 25 | $808.0M | $-71.8M | ||
| Q2 25 | $438.0M | $-1.9B | ||
| Q1 25 | $561.0M | $-811.0M | ||
| Q4 24 | $486.0M | $1.8B | ||
| Q3 24 | $499.0M | $-1.4B | ||
| Q2 24 | $507.0M | $-138.3M | ||
| Q1 24 | $536.0M | $-3.0B |
自由现金流率DASHRKT
| Q4 25 | 9.3% | -47.2% | ||
| Q3 25 | 23.4% | -4.5% | ||
| Q2 25 | 13.3% | -137.2% | ||
| Q1 25 | 18.5% | -78.2% | ||
| Q4 24 | 16.9% | 103.1% | ||
| Q3 24 | 18.4% | -209.6% | ||
| Q2 24 | 19.3% | -10.6% | ||
| Q1 24 | 21.3% | -218.7% |
资本支出强度DASHRKT
| Q4 25 | 1.4% | 1.5% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 2.0% | 1.1% | ||
| Q1 25 | 2.4% | 1.4% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.2% | 2.9% | ||
| Q2 24 | 0.9% | 1.2% | ||
| Q1 24 | 0.7% | 1.0% |
现金转化率DASHRKT
| Q4 25 | 1.98× | -18.08× | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | 54.42× | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | -94.46× | ||
| Q1 24 | — | -185.80× |
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
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
