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DoorDash（DASH）与Southern Company（SO）财务数据对比。点击上方公司名可切换其他公司
Southern Company的季度营收约是DoorDash的2.1倍（$8.4B vs $4.0B），Southern Company净利率更高（15.9% vs 5.4%，领先10.5%），DoorDash同比增速更快（37.7% vs 8.0%），过去两年DoorDash的营收复合增速更高（25.5% vs 14.0%）
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。
Southern Company是美国燃气电力公用事业控股企业，总部位于佐治亚州亚特兰大，在阿拉巴马州伯明翰设有行政办公室。截至2021年按用户规模计为美国第二大公用事业公司，旗下子公司覆盖6个州，为900万燃气及电力用户提供服务，供电区域达12万平方英里。
DASH vs SO — 直观对比
营收规模更大
SO
是对方的2.1倍
$4.0B
营收增速更快
DASH
高出29.7%
8.0%
净利率更高
SO
高出10.5%
5.4%
两年增速更快
DASH
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $8.4B |
| 净利润 | $213.0M | $1.3B |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 24.0% |
| 净利率 | 5.4% | 15.9% |
| 营收同比 | 37.7% | 8.0% |
| 净利润同比 | 51.1% | 5.4% |
| 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DASHSO
| Q1 26 | — | $8.4B | ||
| Q4 25 | $4.0B | $7.0B | ||
| Q3 25 | $3.4B | $7.8B | ||
| Q2 25 | $3.3B | $7.0B | ||
| Q1 25 | $3.0B | $7.8B | ||
| Q4 24 | $2.9B | $6.3B | ||
| Q3 24 | $2.7B | $7.3B | ||
| Q2 24 | $2.6B | $6.5B |
净利润DASHSO
| Q1 26 | — | $1.3B | ||
| Q4 25 | $213.0M | $341.0M | ||
| Q3 25 | $244.0M | $1.7B | ||
| Q2 25 | $285.0M | $880.0M | ||
| Q1 25 | $193.0M | $1.3B | ||
| Q4 24 | $141.0M | $466.0M | ||
| Q3 24 | $162.0M | $1.5B | ||
| Q2 24 | $-157.0M | $1.2B |
营业利润率DASHSO
| Q1 26 | — | 24.0% | ||
| Q4 25 | 3.7% | 13.1% | ||
| Q3 25 | 7.5% | 33.2% | ||
| Q2 25 | 5.0% | 25.3% | ||
| Q1 25 | 5.1% | 25.9% | ||
| Q4 24 | 4.1% | 16.7% | ||
| Q3 24 | 4.0% | 32.6% | ||
| Q2 24 | -7.6% | 30.0% |
净利率DASHSO
| Q1 26 | — | 15.9% | ||
| Q4 25 | 5.4% | 4.9% | ||
| Q3 25 | 7.1% | 21.9% | ||
| Q2 25 | 8.7% | 12.6% | ||
| Q1 25 | 6.4% | 16.3% | ||
| Q4 24 | 4.9% | 7.3% | ||
| Q3 24 | 6.0% | 21.1% | ||
| Q2 24 | -6.0% | 18.6% |
每股收益（稀释后）DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $0.49 | $0.38 | ||
| Q3 25 | $0.55 | $1.54 | ||
| Q2 25 | $0.65 | $0.79 | ||
| Q1 25 | $0.44 | $1.21 | ||
| Q4 24 | $0.35 | $0.48 | ||
| Q3 24 | $0.38 | $1.39 | ||
| Q2 24 | $-0.38 | $1.09 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | — |
| 总资产 | $19.7B | — |
| 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DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $1.6B | ||
| Q3 25 | $3.3B | $3.3B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $4.5B | $2.3B | ||
| Q4 24 | $4.0B | $1.1B | ||
| Q3 24 | $3.7B | $1.0B | ||
| Q2 24 | $3.4B | $1.2B |
总债务DASHSO
| Q1 26 | — | — | ||
| Q4 25 | — | $65.6B | ||
| Q3 25 | — | $64.6B | ||
| Q2 25 | — | $63.0B | ||
| Q1 25 | — | $62.9B | ||
| Q4 24 | — | $58.8B | ||
| Q3 24 | — | $61.3B | ||
| Q2 24 | — | $59.9B |
股东权益DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $10.0B | $36.0B | ||
| Q3 25 | $9.5B | $38.3B | ||
| Q2 25 | $8.9B | $37.3B | ||
| Q1 25 | $8.4B | $37.2B | ||
| Q4 24 | $7.8B | $33.2B | ||
| Q3 24 | $7.6B | $36.9B | ||
| Q2 24 | $7.2B | $36.1B |
总资产DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $19.7B | $155.7B | ||
| Q3 25 | $18.0B | $153.2B | ||
| Q2 25 | $16.9B | $148.9B | ||
| Q1 25 | $13.6B | $148.1B | ||
| Q4 24 | $12.8B | $145.2B | ||
| Q3 24 | $12.3B | $144.0B | ||
| Q2 24 | $11.8B | $141.9B |
负债/权益比DASHSO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.69× | ||
| Q4 24 | — | 1.77× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | — | 1.66× |
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% | — |
| 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DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $2.6B | ||
| Q3 25 | $871.0M | $3.8B | ||
| Q2 25 | $504.0M | $2.2B | ||
| Q1 25 | $635.0M | $1.3B | ||
| Q4 24 | $518.0M | $2.2B | ||
| Q3 24 | $531.0M | $3.6B | ||
| Q2 24 | $530.0M | $2.7B |
自由现金流DASHSO
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $-1.7B | ||
| Q3 25 | $808.0M | $559.0M | ||
| Q2 25 | $438.0M | $-619.0M | ||
| Q1 25 | $561.0M | $-1.2B | ||
| Q4 24 | $486.0M | $-576.0M | ||
| Q3 24 | $499.0M | $1.3B | ||
| Q2 24 | $507.0M | $563.0M |
自由现金流率DASHSO
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | -24.2% | ||
| Q3 25 | 23.4% | 7.1% | ||
| Q2 25 | 13.3% | -8.9% | ||
| Q1 25 | 18.5% | -15.3% | ||
| Q4 24 | 16.9% | -9.1% | ||
| Q3 24 | 18.4% | 17.9% | ||
| Q2 24 | 19.3% | 8.7% |
资本支出强度DASHSO
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 61.4% | ||
| Q3 25 | 1.8% | 41.1% | ||
| Q2 25 | 2.0% | 40.2% | ||
| Q1 25 | 2.4% | 31.3% | ||
| Q4 24 | 1.1% | 43.4% | ||
| Q3 24 | 1.2% | 31.8% | ||
| Q2 24 | 0.9% | 32.9% |
现金转化率DASHSO
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 7.62× | ||
| Q3 25 | 3.57× | 2.21× | ||
| Q2 25 | 1.77× | 2.48× | ||
| Q1 25 | 3.29× | 0.98× | ||
| Q4 24 | 3.67× | 4.66× | ||
| Q3 24 | 3.28× | 2.36× | ||
| Q2 24 | — | 2.23× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
