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DoorDash（DASH）与TENET HEALTHCARE CORP（THC）财务数据对比。点击上方公司名可切换其他公司
TENET HEALTHCARE CORP的季度营收约是DoorDash的1.4倍（$5.5B vs $4.0B），TENET HEALTHCARE CORP净利率更高（11.7% vs 5.4%，领先6.3%），DoorDash同比增速更快（37.7% vs 9.0%），过去两年DoorDash的营收复合增速更高（25.5% vs 1.5%）
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。
Tenet Healthcare Corporation是总部位于美国达拉斯的营利性跨国医疗服务企业，旗下拥有USPI等多个品牌、子公司、合资企业及合作主体，运营65家医院及超过450个医疗设施，还通过旗下Conifer Health Solutions为各类医疗系统及其他客户提供专业医疗支持服务
DASH vs THC — 直观对比
营收规模更大
THC
是对方的1.4倍
$4.0B
营收增速更快
DASH
高出28.7%
9.0%
净利率更高
THC
高出6.3%
5.4%
两年增速更快
DASH
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $5.5B |
| 净利润 | $213.0M | $644.0M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 15.4% |
| 净利率 | 5.4% | 11.7% |
| 营收同比 | 37.7% | 9.0% |
| 净利润同比 | 51.1% | 12.6% |
| 每股收益（稀释后） | $0.49 | $4.22 |
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DASHTHC
| Q4 25 | $4.0B | $5.5B | ||
| Q3 25 | $3.4B | $5.3B | ||
| Q2 25 | $3.3B | $5.3B | ||
| Q1 25 | $3.0B | $5.2B | ||
| Q4 24 | $2.9B | $5.1B | ||
| Q3 24 | $2.7B | $5.1B | ||
| Q2 24 | $2.6B | $5.1B | ||
| Q1 24 | $2.5B | $5.4B |
净利润DASHTHC
| Q4 25 | $213.0M | $644.0M | ||
| Q3 25 | $244.0M | $579.0M | ||
| Q2 25 | $285.0M | $522.0M | ||
| Q1 25 | $193.0M | $622.0M | ||
| Q4 24 | $141.0M | $572.0M | ||
| Q3 24 | $162.0M | $681.0M | ||
| Q2 24 | $-157.0M | $477.0M | ||
| Q1 24 | $-23.0M | $2.3B |
营业利润率DASHTHC
| Q4 25 | 3.7% | 15.4% | ||
| Q3 25 | 7.5% | 16.8% | ||
| Q2 25 | 5.0% | 15.6% | ||
| Q1 25 | 5.1% | 18.1% | ||
| Q4 24 | 4.1% | 16.2% | ||
| Q3 24 | 4.0% | 21.3% | ||
| Q2 24 | -7.6% | 14.9% | ||
| Q1 24 | -2.4% | 61.2% |
净利率DASHTHC
| Q4 25 | 5.4% | 11.7% | ||
| Q3 25 | 7.1% | 10.9% | ||
| Q2 25 | 8.7% | 9.9% | ||
| Q1 25 | 6.4% | 11.9% | ||
| Q4 24 | 4.9% | 11.3% | ||
| Q3 24 | 6.0% | 13.3% | ||
| Q2 24 | -6.0% | 9.3% | ||
| Q1 24 | -0.9% | 43.5% |
每股收益（稀释后）DASHTHC
| Q4 25 | $0.49 | $4.22 | ||
| Q3 25 | $0.55 | $3.86 | ||
| Q2 25 | $0.65 | $3.14 | ||
| Q1 25 | $0.44 | $4.27 | ||
| Q4 24 | $0.35 | $3.79 | ||
| Q3 24 | $0.38 | $4.89 | ||
| Q2 24 | $-0.38 | $2.64 | ||
| Q1 24 | $-0.06 | $21.38 |
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 | $2.9B |
| 总债务越低越好 | — | $13.1B |
| 股东权益账面价值 | $10.0B | $4.2B |
| 总资产 | $19.7B | $29.7B |
| 负债/权益比越低杠杆越低 | — | 3.10× |
8季度趋势，按日历期对齐
现金及短期投资DASHTHC
| Q4 25 | $4.4B | $2.9B | ||
| Q3 25 | $3.3B | $3.0B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $4.5B | $3.0B | ||
| Q4 24 | $4.0B | $3.0B | ||
| Q3 24 | $3.7B | $4.1B | ||
| Q2 24 | $3.4B | $2.9B | ||
| Q1 24 | $3.1B | $2.5B |
总债务DASHTHC
| Q4 25 | — | $13.1B | ||
| Q3 25 | — | $13.1B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.1B | ||
| Q4 24 | — | $13.1B | ||
| Q3 24 | — | $12.8B | ||
| Q2 24 | — | $12.8B | ||
| Q1 24 | — | $12.8B |
股东权益DASHTHC
| Q4 25 | $10.0B | $4.2B | ||
| Q3 25 | $9.5B | $4.0B | ||
| Q2 25 | $8.9B | $3.7B | ||
| Q1 25 | $8.4B | $4.2B | ||
| Q4 24 | $7.8B | $4.2B | ||
| Q3 24 | $7.6B | $3.8B | ||
| Q2 24 | $7.2B | $3.5B | ||
| Q1 24 | $7.0B | $3.5B |
总资产DASHTHC
| Q4 25 | $19.7B | $29.7B | ||
| Q3 25 | $18.0B | $29.4B | ||
| Q2 25 | $16.9B | $28.7B | ||
| Q1 25 | $13.6B | $29.2B | ||
| Q4 24 | $12.8B | $28.9B | ||
| Q3 24 | $12.3B | $29.4B | ||
| Q2 24 | $11.8B | $29.3B | ||
| Q1 24 | $11.4B | $28.9B |
负债/权益比DASHTHC
| Q4 25 | — | 3.10× | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | — | 3.14× | ||
| Q3 24 | — | 3.33× | ||
| Q2 24 | — | 3.67× | ||
| Q1 24 | — | 3.70× |
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 | $731.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $367.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 6.6% |
| 资本支出强度资本支出/营收 | 1.4% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $2.5B |
8季度趋势，按日历期对齐
经营现金流DASHTHC
| Q4 25 | $421.0M | $731.0M | ||
| Q3 25 | $871.0M | $1.1B | ||
| Q2 25 | $504.0M | $936.0M | ||
| Q1 25 | $635.0M | $815.0M | ||
| Q4 24 | $518.0M | $-331.0M | ||
| Q3 24 | $531.0M | $1.0B | ||
| Q2 24 | $530.0M | $747.0M | ||
| Q1 24 | $553.0M | $586.0M |
自由现金流DASHTHC
| Q4 25 | $367.0M | $367.0M | ||
| Q3 25 | $808.0M | $778.0M | ||
| Q2 25 | $438.0M | $743.0M | ||
| Q1 25 | $561.0M | $642.0M | ||
| Q4 24 | $486.0M | $-661.0M | ||
| Q3 24 | $499.0M | $829.0M | ||
| Q2 24 | $507.0M | $602.0M | ||
| Q1 24 | $536.0M | $346.0M |
自由现金流率DASHTHC
| Q4 25 | 9.3% | 6.6% | ||
| Q3 25 | 23.4% | 14.7% | ||
| Q2 25 | 13.3% | 14.1% | ||
| Q1 25 | 18.5% | 12.3% | ||
| Q4 24 | 16.9% | -13.0% | ||
| Q3 24 | 18.4% | 16.2% | ||
| Q2 24 | 19.3% | 11.8% | ||
| Q1 24 | 21.3% | 6.4% |
资本支出强度DASHTHC
| Q4 25 | 1.4% | 6.6% | ||
| Q3 25 | 1.8% | 5.3% | ||
| Q2 25 | 2.0% | 3.7% | ||
| Q1 25 | 2.4% | 3.3% | ||
| Q4 24 | 1.1% | 6.5% | ||
| Q3 24 | 1.2% | 4.2% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 0.7% | 4.5% |
现金转化率DASHTHC
| Q4 25 | 1.98× | 1.14× | ||
| Q3 25 | 3.57× | 1.83× | ||
| Q2 25 | 1.77× | 1.79× | ||
| Q1 25 | 3.29× | 1.31× | ||
| Q4 24 | 3.67× | -0.58× | ||
| Q3 24 | 3.28× | 1.53× | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 0.25× |
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
THC
| Other | $2.9B | 52% |
| Health Care Patient Service | $1.4B | 25% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.2B | 22% |
| Health Care Other Sources | $56.0M | 1% |
