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DoorDash（DASH）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是DoorDash的1.9倍（$7.6B vs $4.0B），DoorDash净利率更高（5.4% vs 1.3%，领先4.1%），DoorDash同比增速更快（37.7% vs 0.5%），Smurfit Westrock自由现金流更多（$612.0M vs $367.0M），过去两年Smurfit Westrock的营收复合增速更高（60.8% 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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
DASH vs SW — 直观对比
营收规模更大
SW
是对方的1.9倍
$4.0B
营收增速更快
DASH
高出37.1%
0.5%
净利率更高
DASH
高出4.1%
1.3%
自由现金流更多
SW
多$245.0M
$367.0M
两年增速更快
SW
近两年复合增速
25.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $7.6B |
| 净利润 | $213.0M | $97.0M |
| 毛利率 | — | 18.2% |
| 营业利润率 | 3.7% | 5.1% |
| 净利率 | 5.4% | 1.3% |
| 营收同比 | 37.7% | 0.5% |
| 净利润同比 | 51.1% | -33.6% |
| 每股收益（稀释后） | $0.49 | $0.18 |
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DASHSW
| Q4 25 | $4.0B | $7.6B | ||
| Q3 25 | $3.4B | $8.0B | ||
| Q2 25 | $3.3B | $7.9B | ||
| Q1 25 | $3.0B | $7.7B | ||
| Q4 24 | $2.9B | $7.5B | ||
| Q3 24 | $2.7B | $7.7B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.5B | $2.9B |
净利润DASHSW
| Q4 25 | $213.0M | $97.0M | ||
| Q3 25 | $244.0M | $246.0M | ||
| Q2 25 | $285.0M | $-28.0M | ||
| Q1 25 | $193.0M | $384.0M | ||
| Q4 24 | $141.0M | $146.0M | ||
| Q3 24 | $162.0M | $-150.0M | ||
| Q2 24 | $-157.0M | $132.0M | ||
| Q1 24 | $-23.0M | $191.0M |
毛利率DASHSW
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 23.3% | ||
| Q1 24 | — | 24.2% |
营业利润率DASHSW
| Q4 25 | 3.7% | 5.1% | ||
| Q3 25 | 7.5% | 6.6% | ||
| Q2 25 | 5.0% | 3.2% | ||
| Q1 25 | 5.1% | 7.2% | ||
| Q4 24 | 4.1% | 5.3% | ||
| Q3 24 | 4.0% | 0.7% | ||
| Q2 24 | -7.6% | 8.2% | ||
| Q1 24 | -2.4% | 10.5% |
净利率DASHSW
| Q4 25 | 5.4% | 1.3% | ||
| Q3 25 | 7.1% | 3.1% | ||
| Q2 25 | 8.7% | -0.4% | ||
| Q1 25 | 6.4% | 5.0% | ||
| Q4 24 | 4.9% | 1.9% | ||
| Q3 24 | 6.0% | -2.0% | ||
| Q2 24 | -6.0% | 4.4% | ||
| Q1 24 | -0.9% | 6.5% |
每股收益（稀释后）DASHSW
| Q4 25 | $0.49 | $0.18 | ||
| Q3 25 | $0.55 | $0.47 | ||
| Q2 25 | $0.65 | $-0.05 | ||
| Q1 25 | $0.44 | $0.73 | ||
| Q4 24 | $0.35 | $-0.12 | ||
| Q3 24 | $0.38 | $-0.30 | ||
| Q2 24 | $-0.38 | $0.51 | ||
| Q1 24 | $-0.06 | $0.73 |
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 | $892.0M |
| 总债务越低越好 | — | $13.4B |
| 股东权益账面价值 | $10.0B | $18.3B |
| 总资产 | $19.7B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资DASHSW
| Q4 25 | $4.4B | $892.0M | ||
| Q3 25 | $3.3B | $851.0M | ||
| Q2 25 | $3.9B | $778.0M | ||
| Q1 25 | $4.5B | $797.0M | ||
| Q4 24 | $4.0B | $855.0M | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.4B | $26.8K | ||
| Q1 24 | $3.1B | $108 |
总债务DASHSW
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DASHSW
| Q4 25 | $10.0B | $18.3B | ||
| Q3 25 | $9.5B | $18.4B | ||
| Q2 25 | $8.9B | $18.3B | ||
| Q1 25 | $8.4B | $17.9B | ||
| Q4 24 | $7.8B | $17.4B | ||
| Q3 24 | $7.6B | $18.0B | ||
| Q2 24 | $7.2B | $14.5K | ||
| Q1 24 | $7.0B | $108 |
总资产DASHSW
| Q4 25 | $19.7B | $45.2B | ||
| Q3 25 | $18.0B | $45.6B | ||
| Q2 25 | $16.9B | $45.7B | ||
| Q1 25 | $13.6B | $44.6B | ||
| Q4 24 | $12.8B | $43.8B | ||
| Q3 24 | $12.3B | $45.0B | ||
| Q2 24 | $11.8B | $26.8K | ||
| Q1 24 | $11.4B | $108 |
负债/权益比DASHSW
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $612.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 8.1% |
| 资本支出强度资本支出/营收 | 1.4% | 7.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 12.32× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $1.2B |
8季度趋势，按日历期对齐
经营现金流DASHSW
| Q4 25 | $421.0M | $1.2B | ||
| Q3 25 | $871.0M | $1.1B | ||
| Q2 25 | $504.0M | $829.0M | ||
| Q1 25 | $635.0M | $235.0M | ||
| Q4 24 | $518.0M | $781.0M | ||
| Q3 24 | $531.0M | $320.0M | ||
| Q2 24 | $530.0M | $340.0M | ||
| Q1 24 | $553.0M | $42.0M |
自由现金流DASHSW
| Q4 25 | $367.0M | $612.0M | ||
| Q3 25 | $808.0M | $523.0M | ||
| Q2 25 | $438.0M | $307.0M | ||
| Q1 25 | $561.0M | $-242.0M | ||
| Q4 24 | $486.0M | $212.0M | ||
| Q3 24 | $499.0M | $-192.0M | ||
| Q2 24 | $507.0M | $163.0M | ||
| Q1 24 | $536.0M | $-166.0M |
自由现金流率DASHSW
| Q4 25 | 9.3% | 8.1% | ||
| Q3 25 | 23.4% | 6.5% | ||
| Q2 25 | 13.3% | 3.9% | ||
| Q1 25 | 18.5% | -3.2% | ||
| Q4 24 | 16.9% | 2.8% | ||
| Q3 24 | 18.4% | -2.5% | ||
| Q2 24 | 19.3% | 5.5% | ||
| Q1 24 | 21.3% | -5.7% |
资本支出强度DASHSW
| Q4 25 | 1.4% | 7.7% | ||
| Q3 25 | 1.8% | 7.6% | ||
| Q2 25 | 2.0% | 6.6% | ||
| Q1 25 | 2.4% | 6.2% | ||
| Q4 24 | 1.1% | 7.5% | ||
| Q3 24 | 1.2% | 6.7% | ||
| Q2 24 | 0.9% | 6.0% | ||
| Q1 24 | 0.7% | 7.1% |
现金转化率DASHSW
| Q4 25 | 1.98× | 12.32× | ||
| Q3 25 | 3.57× | 4.61× | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 3.29× | 0.61× | ||
| Q4 24 | 3.67× | 5.35× | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | 2.58× | ||
| Q1 24 | — | 0.22× |
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
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
