vs
DoorDash（DASH）与Synchrony Financial（SYF）财务数据对比。点击上方公司名可切换其他公司
Synchrony Financial的季度营收约是DoorDash的1.2倍（$4.8B vs $4.0B），Synchrony Financial净利率更高（15.8% vs 5.4%，领先10.4%），DoorDash同比增速更快（37.7% vs 3.7%），过去两年DoorDash的营收复合增速更高（25.5% vs 4.0%）
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。
Synchrony Financial是总部位于美国康涅狄格州斯坦福德的消费金融服务企业，通过旗下全资网络银行子公司Synchrony Bank开展业务，面向各行业商户及个人消费者提供消费信贷、优惠融资、忠诚度计划、分期贷款等多元金融产品服务。
DASH vs SYF — 直观对比
营收规模更大
SYF
是对方的1.2倍
$4.0B
营收增速更快
DASH
高出34.0%
3.7%
净利率更高
SYF
高出10.4%
5.4%
两年增速更快
DASH
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.8B |
| 净利润 | $213.0M | $751.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 20.0% |
| 净利率 | 5.4% | 15.8% |
| 营收同比 | 37.7% | 3.7% |
| 净利润同比 | 51.1% | -3.0% |
| 每股收益（稀释后） | $0.49 | $2.03 |
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DASHSYF
| Q4 25 | $4.0B | $4.8B | ||
| Q3 25 | $3.4B | $4.7B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.0B | $4.5B | ||
| Q4 24 | $2.9B | $4.6B | ||
| Q3 24 | $2.7B | $4.6B | ||
| Q2 24 | $2.6B | $4.4B | ||
| Q1 24 | $2.5B | $4.4B |
净利润DASHSYF
| Q4 25 | $213.0M | $751.0M | ||
| Q3 25 | $244.0M | $1.1B | ||
| Q2 25 | $285.0M | $967.0M | ||
| Q1 25 | $193.0M | $757.0M | ||
| Q4 24 | $141.0M | $774.0M | ||
| Q3 24 | $162.0M | $789.0M | ||
| Q2 24 | $-157.0M | $643.0M | ||
| Q1 24 | $-23.0M | $1.3B |
营业利润率DASHSYF
| Q4 25 | 3.7% | 20.0% | ||
| Q3 25 | 7.5% | 30.3% | ||
| Q2 25 | 5.0% | 27.8% | ||
| Q1 25 | 5.1% | 22.0% | ||
| Q4 24 | 4.1% | 21.2% | ||
| Q3 24 | 4.0% | 22.3% | ||
| Q2 24 | -7.6% | 19.2% | ||
| Q1 24 | -2.4% | 38.8% |
净利率DASHSYF
| Q4 25 | 5.4% | 15.8% | ||
| Q3 25 | 7.1% | 22.8% | ||
| Q2 25 | 8.7% | 21.4% | ||
| Q1 25 | 6.4% | 17.0% | ||
| Q4 24 | 4.9% | 16.9% | ||
| Q3 24 | 6.0% | 17.1% | ||
| Q2 24 | -6.0% | 14.6% | ||
| Q1 24 | -0.9% | 29.4% |
每股收益（稀释后）DASHSYF
| Q4 25 | $0.49 | $2.03 | ||
| Q3 25 | $0.55 | $2.86 | ||
| Q2 25 | $0.65 | $2.50 | ||
| Q1 25 | $0.44 | $1.89 | ||
| Q4 24 | $0.35 | $1.92 | ||
| Q3 24 | $0.38 | $1.94 | ||
| Q2 24 | $-0.38 | $1.55 | ||
| Q1 24 | $-0.06 | $3.14 |
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 | $15.0B |
| 总债务越低越好 | — | $15.2B |
| 股东权益账面价值 | $10.0B | $16.8B |
| 总资产 | $19.7B | $119.1B |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资DASHSYF
| Q4 25 | $4.4B | $15.0B | ||
| Q3 25 | $3.3B | $16.2B | ||
| Q2 25 | $3.9B | $19.5B | ||
| Q1 25 | $4.5B | $21.6B | ||
| Q4 24 | $4.0B | $14.7B | ||
| Q3 24 | $3.7B | $17.9B | ||
| Q2 24 | $3.4B | $18.6B | ||
| Q1 24 | $3.1B | $20.0B |
总债务DASHSYF
| Q4 25 | — | $15.2B | ||
| Q3 25 | — | $14.4B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $17.0B | ||
| Q4 24 | — | $15.5B | ||
| Q3 24 | — | $15.6B | ||
| Q2 24 | — | $15.6B | ||
| Q1 24 | — | $16.1B |
股东权益DASHSYF
| Q4 25 | $10.0B | $16.8B | ||
| Q3 25 | $9.5B | $17.1B | ||
| Q2 25 | $8.9B | $17.0B | ||
| Q1 25 | $8.4B | $16.6B | ||
| Q4 24 | $7.8B | $16.6B | ||
| Q3 24 | $7.6B | $16.0B | ||
| Q2 24 | $7.2B | $15.5B | ||
| Q1 24 | $7.0B | $15.3B |
总资产DASHSYF
| Q4 25 | $19.7B | $119.1B | ||
| Q3 25 | $18.0B | $117.0B | ||
| Q2 25 | $16.9B | $120.5B | ||
| Q1 25 | $13.6B | $122.0B | ||
| Q4 24 | $12.8B | $119.5B | ||
| Q3 24 | $12.3B | $119.2B | ||
| Q2 24 | $11.8B | $120.5B | ||
| Q1 24 | $11.4B | $121.2B |
负债/权益比DASHSYF
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.98× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 1.06× |
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 | $2.5B |
| 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× | 3.27× |
| 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DASHSYF
| Q4 25 | $421.0M | $2.5B | ||
| Q3 25 | $871.0M | $2.6B | ||
| Q2 25 | $504.0M | $2.6B | ||
| Q1 25 | $635.0M | $2.2B | ||
| Q4 24 | $518.0M | $2.4B | ||
| Q3 24 | $531.0M | $2.8B | ||
| Q2 24 | $530.0M | $2.5B | ||
| Q1 24 | $553.0M | $2.2B |
自由现金流DASHSYF
| Q4 25 | $367.0M | — | ||
| Q3 25 | $808.0M | — | ||
| Q2 25 | $438.0M | — | ||
| Q1 25 | $561.0M | — | ||
| Q4 24 | $486.0M | — | ||
| Q3 24 | $499.0M | — | ||
| Q2 24 | $507.0M | — | ||
| Q1 24 | $536.0M | — |
自由现金流率DASHSYF
| Q4 25 | 9.3% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 13.3% | — | ||
| Q1 25 | 18.5% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.4% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 21.3% | — |
资本支出强度DASHSYF
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 0.7% | — |
现金转化率DASHSYF
| Q4 25 | 1.98× | 3.27× | ||
| Q3 25 | 3.57× | 2.45× | ||
| Q2 25 | 1.77× | 2.65× | ||
| Q1 25 | 3.29× | 2.91× | ||
| Q4 24 | 3.67× | 3.04× | ||
| Q3 24 | 3.28× | 3.50× | ||
| Q2 24 | — | 3.86× | ||
| Q1 24 | — | 1.74× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
