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DoorDash（DASH）与J.M. Smucker Company (The)（SJM）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J.M. Smucker Company (The)的1.7倍（$4.0B vs $2.3B），DoorDash净利率更高（7.1% vs -31.0%，领先38.0%），DoorDash同比增速更快（8.3% vs 7.0%），J.M. Smucker Company (The)自由现金流更多（$975.0M vs $355.0M），过去两年DoorDash的营收复合增速更高（23.9% vs 3.0%）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
DASH vs SJM — 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1.3%
7.0%
净利率更高
DASH
高出38.0%
-31.0%
自由现金流更多
SJM
多$620.0M
$355.0M
两年增速更快
DASH
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q3 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.3B |
| 净利润 | $285.0M | $-724.2M |
| 毛利率 | 39.8% | 35.4% |
| 营业利润率 | 3.7% | — |
| 净利率 | 7.1% | -31.0% |
| 营收同比 | 8.3% | 7.0% |
| 净利润同比 | 47.7% | -44.3% |
| 每股收益（稀释后） | $0.42 | — |
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DASHSJM
| Q4 26 | — | $2.3B | ||
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $2.3B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.7B | $2.1B |
净利润DASHSJM
| Q4 26 | — | $-724.2M | ||
| Q1 26 | $285.0M | — | ||
| Q4 25 | $213.0M | $241.3M | ||
| Q3 25 | $244.0M | $-43.9M | ||
| Q2 25 | $285.0M | $-729.0M | ||
| Q1 25 | $193.0M | $-662.3M | ||
| Q4 24 | $141.0M | $-24.5M | ||
| Q3 24 | $162.0M | $185.0M |
毛利率DASHSJM
| Q4 26 | — | 35.4% | ||
| Q1 26 | 39.8% | — | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | — | 37.5% |
营业利润率DASHSJM
| Q4 26 | — | — | ||
| Q1 26 | 3.7% | — | ||
| Q4 25 | 3.7% | 18.0% | ||
| Q3 25 | 7.5% | 2.2% | ||
| Q2 25 | 5.0% | -27.9% | ||
| Q1 25 | 5.1% | -27.2% | ||
| Q4 24 | 4.1% | 7.5% | ||
| Q3 24 | 4.0% | 16.4% |
净利率DASHSJM
| Q4 26 | — | -31.0% | ||
| Q1 26 | 7.1% | — | ||
| Q4 25 | 5.4% | 10.4% | ||
| Q3 25 | 7.1% | -2.1% | ||
| Q2 25 | 8.7% | -34.0% | ||
| Q1 25 | 6.4% | -30.3% | ||
| Q4 24 | 4.9% | -1.1% | ||
| Q3 24 | 6.0% | 8.7% |
每股收益（稀释后）DASHSJM
| Q4 26 | — | — | ||
| Q1 26 | $0.42 | — | ||
| Q4 25 | $0.49 | $2.26 | ||
| Q3 25 | $0.55 | $-0.41 | ||
| Q2 25 | $0.65 | $-6.86 | ||
| Q1 25 | $0.44 | $-6.22 | ||
| Q4 24 | $0.35 | $-0.23 | ||
| Q3 24 | $0.38 | $1.74 |
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 | $5.5B | $52.8M |
| 总债务越低越好 | — | $7.3B |
| 股东权益账面价值 | $10.2B | $5.2B |
| 总资产 | $19.7B | $16.3B |
| 负债/权益比越低杠杆越低 | — | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资DASHSJM
| Q4 26 | — | $52.8M | ||
| Q1 26 | $5.5B | — | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.7B | — |
总债务DASHSJM
| Q4 26 | — | $7.3B | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.8B |
股东权益DASHSJM
| Q4 26 | — | $5.2B | ||
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.0B | $6.1B | ||
| Q3 25 | $9.5B | $5.9B | ||
| Q2 25 | $8.9B | $6.1B | ||
| Q1 25 | $8.4B | $6.9B | ||
| Q4 24 | $7.8B | $7.6B | ||
| Q3 24 | $7.6B | $7.8B |
总资产DASHSJM
| Q4 26 | — | $16.3B | ||
| Q1 26 | $19.7B | — | ||
| Q4 25 | $19.7B | $17.6B | ||
| Q3 25 | $18.0B | $17.7B | ||
| Q2 25 | $16.9B | $17.6B | ||
| Q1 25 | $13.6B | $18.4B | ||
| Q4 24 | $12.8B | $20.0B | ||
| Q3 24 | $12.3B | $20.3B |
负债/权益比DASHSJM
| Q4 26 | — | 1.40× | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× |
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 | $504.0M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $355.0M | $975.0M |
| 自由现金流率自由现金流/营收 | 8.8% | 41.7% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 1.77× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.5B |
8季度趋势，按日历期对齐
经营现金流DASHSJM
| Q4 26 | — | $1.3B | ||
| Q1 26 | $504.0M | — | ||
| Q4 25 | $421.0M | $346.5M | ||
| Q3 25 | $871.0M | $-10.6M | ||
| Q2 25 | $504.0M | $393.9M | ||
| Q1 25 | $635.0M | $239.4M | ||
| Q4 24 | $518.0M | $404.2M | ||
| Q3 24 | $531.0M | $172.9M |
自由现金流DASHSJM
| Q4 26 | — | $975.0M | ||
| Q1 26 | $355.0M | — | ||
| Q4 25 | $367.0M | $280.2M | ||
| Q3 25 | $808.0M | $-94.9M | ||
| Q2 25 | $438.0M | $298.9M | ||
| Q1 25 | $561.0M | $151.3M | ||
| Q4 24 | $486.0M | $317.2M | ||
| Q3 24 | $499.0M | $49.2M |
自由现金流率DASHSJM
| Q4 26 | — | 41.7% | ||
| Q1 26 | 8.8% | — | ||
| Q4 25 | 9.3% | 12.0% | ||
| Q3 25 | 23.4% | -4.5% | ||
| Q2 25 | 13.3% | 13.9% | ||
| Q1 25 | 18.5% | 6.9% | ||
| Q4 24 | 16.9% | 14.0% | ||
| Q3 24 | 18.4% | 2.3% |
资本支出强度DASHSJM
| Q4 26 | — | 13.9% | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 2.8% | ||
| Q3 25 | 1.8% | 4.0% | ||
| Q2 25 | 2.0% | 4.4% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 1.2% | 5.8% |
现金转化率DASHSJM
| Q4 26 | — | — | ||
| Q1 26 | 1.77× | — | ||
| Q4 25 | 1.98× | 1.44× | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | 0.93× |
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
SJM
| U.S. Retail Coffee | $908.2M | 39% |
| U.S. Retail Frozen Handheld and Spreads | $454.0M | 19% |
| U.S. Retail Pet Foods | $417.1M | 18% |
| International and Away From Home | $335.3M | 14% |
| Sweet Baked Snacks | $224.8M | 10% |
