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DoorDash（DASH）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是史密斯菲尔德食品的1.0倍（$4.0B vs $3.8B），史密斯菲尔德食品净利率更高（6.6% vs 5.4%，领先1.2%），DoorDash同比增速更快（37.7% vs 0.8%），过去两年DoorDash的营收复合增速更高（25.5% vs 5.5%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
DASH vs SFD — 直观对比
营收规模更大
DASH
是对方的1.0倍
$3.8B
营收增速更快
DASH
高出36.9%
0.8%
净利率更高
SFD
高出1.2%
5.4%
两年增速更快
DASH
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.8B |
| 净利润 | $213.0M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 3.7% | 8.8% |
| 净利率 | 5.4% | 6.6% |
| 营收同比 | 37.7% | 0.8% |
| 净利润同比 | 51.1% | 9.7% |
| 每股收益（稀释后） | $0.49 | — |
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DASHSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $4.0B | $4.2B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $2.7B | $3.3B | ||
| Q2 24 | $2.6B | $3.4B |
净利润DASHSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $213.0M | $327.0M | ||
| Q3 25 | $244.0M | $248.0M | ||
| Q2 25 | $285.0M | $188.0M | ||
| Q1 25 | $193.0M | $224.0M | ||
| Q4 24 | $141.0M | $205.0M | ||
| Q3 24 | $162.0M | $291.0M | ||
| Q2 24 | $-157.0M | $301.0M |
毛利率DASHSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | 15.4% |
营业利润率DASHSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 3.7% | 9.5% | ||
| Q3 25 | 7.5% | 8.3% | ||
| Q2 25 | 5.0% | 6.9% | ||
| Q1 25 | 5.1% | 8.5% | ||
| Q4 24 | 4.1% | 8.5% | ||
| Q3 24 | 4.0% | 8.5% | ||
| Q2 24 | -7.6% | 9.8% |
净利率DASHSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 5.4% | 7.7% | ||
| Q3 25 | 7.1% | 6.6% | ||
| Q2 25 | 8.7% | 5.0% | ||
| Q1 25 | 6.4% | 5.9% | ||
| Q4 24 | 4.9% | 5.2% | ||
| Q3 24 | 6.0% | 8.7% | ||
| Q2 24 | -6.0% | 8.8% |
每股收益（稀释后）DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | $0.49 | $0.83 | ||
| Q3 25 | $0.55 | $0.63 | ||
| Q2 25 | $0.65 | $0.48 | ||
| Q1 25 | $0.44 | $0.57 | ||
| Q4 24 | $0.35 | $0.54 | ||
| Q3 24 | $0.38 | $0.77 | ||
| Q2 24 | $-0.38 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | $6.9B |
| 总资产 | $19.7B | $12.0B |
| 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DASHSFD
| Q1 26 | — | $1.4B | ||
| 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 | — |
总债务DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DASHSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $10.0B | $6.8B | ||
| Q3 25 | $9.5B | $6.5B | ||
| Q2 25 | $8.9B | $6.3B | ||
| Q1 25 | $8.4B | $6.2B | ||
| Q4 24 | $7.8B | $5.8B | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.2B | — |
总资产DASHSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $19.7B | $12.2B | ||
| Q3 25 | $18.0B | $11.5B | ||
| Q2 25 | $16.9B | $11.2B | ||
| Q1 25 | $13.6B | $11.1B | ||
| Q4 24 | $12.8B | $11.1B | ||
| Q3 24 | $12.3B | — | ||
| Q2 24 | $11.8B | — |
负债/权益比DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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% | 2.3% |
| 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DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $938.0M | ||
| Q3 25 | $871.0M | $13.0M | ||
| Q2 25 | $504.0M | $274.0M | ||
| Q1 25 | $635.0M | $-166.0M | ||
| Q4 24 | $518.0M | — | ||
| Q3 24 | $531.0M | — | ||
| Q2 24 | $530.0M | — |
自由现金流DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $842.0M | ||
| Q3 25 | $808.0M | $-75.0M | ||
| Q2 25 | $438.0M | $196.0M | ||
| Q1 25 | $561.0M | $-245.0M | ||
| Q4 24 | $486.0M | — | ||
| Q3 24 | $499.0M | — | ||
| Q2 24 | $507.0M | — |
自由现金流率DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 19.9% | ||
| Q3 25 | 23.4% | -2.0% | ||
| Q2 25 | 13.3% | 5.2% | ||
| Q1 25 | 18.5% | -6.5% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 19.3% | — |
资本支出强度DASHSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 1.4% | 2.3% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 2.0% | 2.1% | ||
| Q1 25 | 2.4% | 2.1% | ||
| Q4 24 | 1.1% | 2.1% | ||
| Q3 24 | 1.2% | 2.8% | ||
| Q2 24 | 0.9% | 2.3% |
现金转化率DASHSFD
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 2.87× | ||
| Q3 25 | 3.57× | 0.05× | ||
| Q2 25 | 1.77× | 1.46× | ||
| Q1 25 | 3.29× | -0.74× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
