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DoorDash（DASH）与托尔工业（THO）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是托尔工业的1.7倍（$4.0B vs $2.4B），DoorDash净利率更高（7.1% vs 0.9%，领先6.2%），托尔工业同比增速更快（11.5% vs 8.3%），DoorDash自由现金流更多（$355.0M vs $-74.8M），过去两年DoorDash的营收复合增速更高（23.9% 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。
托尔工业是美国知名休闲房车（RV）生产商，旗下拥有Airstream、Heartland RV、Jayco等多个子品牌，主营拖挂式及自行式休闲房车的生产销售，总部位于印第安纳州埃尔克哈特，在密歇根、俄亥俄、爱达荷、俄勒冈等多个州设有生产基地。
DASH vs THO — 直观对比
营收规模更大
DASH
是对方的1.7倍
$2.4B
营收增速更快
THO
高出3.2%
8.3%
净利率更高
DASH
高出6.2%
0.9%
自由现金流更多
DASH
多$429.8M
$-74.8M
两年增速更快
DASH
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.4B |
| 净利润 | $285.0M | $21.7M |
| 毛利率 | 39.8% | 13.4% |
| 营业利润率 | 3.7% | 1.4% |
| 净利率 | 7.1% | 0.9% |
| 营收同比 | 8.3% | 11.5% |
| 净利润同比 | 47.7% | 1282.8% |
| 每股收益（稀释后） | $0.42 | $0.41 |
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DASHTHO
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $2.4B | ||
| Q3 25 | $3.4B | $2.5B | ||
| Q2 25 | $3.3B | $2.9B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.7B | $2.5B | ||
| Q2 24 | $2.6B | $2.8B |
净利润DASHTHO
| Q1 26 | $285.0M | — | ||
| Q4 25 | $213.0M | $21.7M | ||
| Q3 25 | $244.0M | $125.8M | ||
| Q2 25 | $285.0M | $135.2M | ||
| Q1 25 | $193.0M | $-551.0K | ||
| Q4 24 | $141.0M | $-1.8M | ||
| Q3 24 | $162.0M | $90.0M | ||
| Q2 24 | $-157.0M | $114.5M |
毛利率DASHTHO
| Q1 26 | 39.8% | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 15.1% |
营业利润率DASHTHO
| Q1 26 | 3.7% | — | ||
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 7.5% | 5.7% | ||
| Q2 25 | 5.0% | 5.4% | ||
| Q1 25 | 5.1% | -0.1% | ||
| Q4 24 | 4.1% | -0.1% | ||
| Q3 24 | 4.0% | 5.0% | ||
| Q2 24 | -7.6% | 5.1% |
净利率DASHTHO
| Q1 26 | 7.1% | — | ||
| Q4 25 | 5.4% | 0.9% | ||
| Q3 25 | 7.1% | 5.0% | ||
| Q2 25 | 8.7% | 4.7% | ||
| Q1 25 | 6.4% | -0.0% | ||
| Q4 24 | 4.9% | -0.1% | ||
| Q3 24 | 6.0% | 3.6% | ||
| Q2 24 | -6.0% | 4.1% |
每股收益（稀释后）DASHTHO
| Q1 26 | $0.42 | — | ||
| Q4 25 | $0.49 | $0.41 | ||
| Q3 25 | $0.55 | $2.35 | ||
| Q2 25 | $0.65 | $2.53 | ||
| Q1 25 | $0.44 | $-0.01 | ||
| Q4 24 | $0.35 | $-0.03 | ||
| Q3 24 | $0.38 | $1.69 | ||
| Q2 24 | $-0.38 | $2.13 |
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 | $5.5B | $509.9M |
| 总债务越低越好 | — | $916.0M |
| 股东权益账面价值 | $10.2B | $4.3B |
| 总资产 | $19.7B | $7.0B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资DASHTHO
| Q1 26 | $5.5B | — | ||
| Q4 25 | $4.4B | $509.9M | ||
| Q3 25 | $3.3B | $586.6M | ||
| Q2 25 | $3.9B | $508.3M | ||
| Q1 25 | $4.5B | $373.8M | ||
| Q4 24 | $4.0B | $445.2M | ||
| Q3 24 | $3.7B | $501.3M | ||
| Q2 24 | $3.4B | $371.8M |
总债务DASHTHO
| Q1 26 | — | — | ||
| Q4 25 | — | $916.0M | ||
| Q3 25 | — | $923.0M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
股东权益DASHTHO
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.0B | $4.3B | ||
| Q3 25 | $9.5B | $4.3B | ||
| Q2 25 | $8.9B | $4.2B | ||
| Q1 25 | $8.4B | $4.0B | ||
| Q4 24 | $7.8B | $4.1B | ||
| Q3 24 | $7.6B | $4.1B | ||
| Q2 24 | $7.2B | $4.0B |
总资产DASHTHO
| Q1 26 | $19.7B | — | ||
| Q4 25 | $19.7B | $7.0B | ||
| Q3 25 | $18.0B | $7.1B | ||
| Q2 25 | $16.9B | $7.2B | ||
| Q1 25 | $13.6B | $6.7B | ||
| Q4 24 | $12.8B | $6.9B | ||
| Q3 24 | $12.3B | $7.0B | ||
| Q2 24 | $11.8B | $7.2B |
负债/权益比DASHTHO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.28× | ||
| Q2 24 | — | 0.31× |
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 | $504.0M | $-44.9M |
| 自由现金流经营现金流 - 资本支出 | $355.0M | $-74.8M |
| 自由现金流率自由现金流/营收 | 8.8% | -3.1% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 1.77× | -2.07× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $375.1M |
8季度趋势，按日历期对齐
经营现金流DASHTHO
| Q1 26 | $504.0M | — | ||
| Q4 25 | $421.0M | $-44.9M | ||
| Q3 25 | $871.0M | $258.7M | ||
| Q2 25 | $504.0M | $257.7M | ||
| Q1 25 | $635.0M | $30.8M | ||
| Q4 24 | $518.0M | $30.7M | ||
| Q3 24 | $531.0M | $338.0M | ||
| Q2 24 | $530.0M | $251.7M |
自由现金流DASHTHO
| Q1 26 | $355.0M | — | ||
| Q4 25 | $367.0M | $-74.8M | ||
| Q3 25 | $808.0M | $221.6M | ||
| Q2 25 | $438.0M | $222.5M | ||
| Q1 25 | $561.0M | $5.8M | ||
| Q4 24 | $486.0M | $6.4M | ||
| Q3 24 | $499.0M | $301.3M | ||
| Q2 24 | $507.0M | $225.4M |
自由现金流率DASHTHO
| Q1 26 | 8.8% | — | ||
| Q4 25 | 9.3% | -3.1% | ||
| Q3 25 | 23.4% | 8.8% | ||
| Q2 25 | 13.3% | 7.7% | ||
| Q1 25 | 18.5% | 0.3% | ||
| Q4 24 | 16.9% | 0.3% | ||
| Q3 24 | 18.4% | 11.9% | ||
| Q2 24 | 19.3% | 8.0% |
资本支出强度DASHTHO
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 1.3% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 2.0% | 1.2% | ||
| Q1 25 | 2.4% | 1.2% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.2% | 1.4% | ||
| Q2 24 | 0.9% | 0.9% |
现金转化率DASHTHO
| Q1 26 | 1.77× | — | ||
| Q4 25 | 1.98× | -2.07× | ||
| Q3 25 | 3.57× | 2.06× | ||
| Q2 25 | 1.77× | 1.91× | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | 3.76× | ||
| Q2 24 | — | 2.20× |
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
THO
| Other | $417.1M | 17% |
| Travel Trailers | $403.6M | 17% |
| Motorcaravan | $391.9M | 16% |
| Fifth Wheels Towables | $306.9M | 13% |
| Classc Motorized | $297.2M | 12% |
| Campervan | $188.3M | 8% |
| Classa Motorized | $169.9M | 7% |
| Classb Motorized | $110.0M | 5% |
| Other Rv Related | $70.0M | 3% |
| Caravan | $34.3M | 1% |
