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DoorDash（DASH）与携程集团（TCOM）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是携程集团的13.0倍（$4.0B vs $304.6M）。携程集团净利率更高（27.8% vs 5.4%，领先22.4%）
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。
携程集团是总部位于中国上海的跨国旅行服务企业，为全球最大的在线旅行服务提供商，业务覆盖机票预订、酒店预订、度假产品、商旅管理等领域，面向全球用户提供一站式旅行综合服务。
DASH vs TCOM — 直观对比
营收规模更大
DASH
是对方的13.0倍
$304.6M
净利率更高
TCOM
高出22.4%
5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $304.6M |
| 净利润 | $213.0M | $84.6M |
| 毛利率 | — | 78.8% |
| 营业利润率 | 3.7% | 16.5% |
| 净利率 | 5.4% | 27.8% |
| 营收同比 | 37.7% | — |
| 净利润同比 | 51.1% | — |
| 每股收益（稀释后） | $0.49 | $0.12 |
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DASHTCOM
| Q4 25 | $4.0B | $304.6M | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.6B | $242.7M | ||
| Q1 24 | $2.5B | — |
净利润DASHTCOM
| Q4 25 | $213.0M | $84.6M | ||
| Q3 25 | $244.0M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | $193.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $162.0M | — | ||
| Q2 24 | $-157.0M | $73.8M | ||
| Q1 24 | $-23.0M | — |
毛利率DASHTCOM
| Q4 25 | — | 78.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 81.8% | ||
| Q1 24 | — | — |
营业利润率DASHTCOM
| Q4 25 | 3.7% | 16.5% | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | -7.6% | 27.8% | ||
| Q1 24 | -2.4% | — |
净利率DASHTCOM
| Q4 25 | 5.4% | 27.8% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | -6.0% | 30.4% | ||
| Q1 24 | -0.9% | — |
每股收益（稀释后）DASHTCOM
| Q4 25 | $0.49 | $0.12 | ||
| Q3 25 | $0.55 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $-0.38 | $0.11 | ||
| Q1 24 | $-0.06 | — |
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 | $10.8B |
| 总债务越低越好 | — | $4.2B |
| 股东权益账面价值 | $10.0B | $23.8B |
| 总资产 | $19.7B | $36.9B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资DASHTCOM
| Q4 25 | $4.4B | $10.8B | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.4B | $12.4B | ||
| Q1 24 | $3.1B | — |
总债务DASHTCOM
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $8.2B | ||
| Q1 24 | — | — |
股东权益DASHTCOM
| Q4 25 | $10.0B | $23.8B | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.2B | $18.1B | ||
| Q1 24 | $7.0B | — |
总资产DASHTCOM
| Q4 25 | $19.7B | $36.9B | ||
| Q3 25 | $18.0B | — | ||
| Q2 25 | $16.9B | — | ||
| Q1 25 | $13.6B | — | ||
| Q4 24 | $12.8B | — | ||
| Q3 24 | $12.3B | — | ||
| Q2 24 | $11.8B | $34.2B | ||
| Q1 24 | $11.4B | — |
负债/权益比DASHTCOM
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| 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 | — |
| 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DASHTCOM
| Q4 25 | $421.0M | — | ||
| Q3 25 | $871.0M | — | ||
| Q2 25 | $504.0M | — | ||
| Q1 25 | $635.0M | — | ||
| Q4 24 | $518.0M | — | ||
| Q3 24 | $531.0M | — | ||
| Q2 24 | $530.0M | — | ||
| Q1 24 | $553.0M | — |
自由现金流DASHTCOM
| 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DASHTCOM
| 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DASHTCOM
| 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DASHTCOM
| Q4 25 | 1.98× | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
