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DoorDash（DASH）与Universal Health Services（UHS）财务数据对比。点击上方公司名可切换其他公司
Universal Health Services的季度营收约是DoorDash的1.1倍（$4.5B vs $4.0B），Universal Health Services净利率更高（8.0% vs 5.4%，领先2.6%），DoorDash同比增速更快（37.7% vs 8.2%），过去两年DoorDash的营收复合增速更高（25.5% vs 7.3%）
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。
Universal Health Services（简称UHS）是美国财富500强企业，总部位于宾夕法尼亚州普鲁士王市，主营医院运营及各类医疗健康服务，2024年公布的总营收达158亿美元，在全球医疗服务领域具备较强的市场影响力。
DASH vs UHS — 直观对比
营收规模更大
UHS
是对方的1.1倍
$4.0B
营收增速更快
DASH
高出29.5%
8.2%
净利率更高
UHS
高出2.6%
5.4%
两年增速更快
DASH
近两年复合增速
7.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.5B |
| 净利润 | $213.0M | $358.7M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 11.2% |
| 净利率 | 5.4% | 8.0% |
| 营收同比 | 37.7% | 8.2% |
| 净利润同比 | 51.1% | 11.5% |
| 每股收益（稀释后） | $0.49 | $5.65 |
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DASHUHS
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.0B | $4.5B | ||
| Q3 25 | $3.4B | $4.5B | ||
| Q2 25 | $3.3B | $4.3B | ||
| Q1 25 | $3.0B | $4.1B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | $2.7B | $4.0B | ||
| Q2 24 | $2.6B | $3.9B |
净利润DASHUHS
| Q1 26 | — | $358.7M | ||
| Q4 25 | $213.0M | $445.9M | ||
| Q3 25 | $244.0M | $373.0M | ||
| Q2 25 | $285.0M | $353.2M | ||
| Q1 25 | $193.0M | $316.7M | ||
| Q4 24 | $141.0M | $332.4M | ||
| Q3 24 | $162.0M | $258.7M | ||
| Q2 24 | $-157.0M | $289.2M |
营业利润率DASHUHS
| Q1 26 | — | 11.2% | ||
| Q4 25 | 3.7% | 11.5% | ||
| Q3 25 | 7.5% | 11.6% | ||
| Q2 25 | 5.0% | 11.7% | ||
| Q1 25 | 5.1% | 11.1% | ||
| Q4 24 | 4.1% | 11.5% | ||
| Q3 24 | 4.0% | 9.7% | ||
| Q2 24 | -7.6% | 11.2% |
净利率DASHUHS
| Q1 26 | — | 8.0% | ||
| Q4 25 | 5.4% | 9.9% | ||
| Q3 25 | 7.1% | 8.3% | ||
| Q2 25 | 8.7% | 8.2% | ||
| Q1 25 | 6.4% | 7.7% | ||
| Q4 24 | 4.9% | 8.1% | ||
| Q3 24 | 6.0% | 6.5% | ||
| Q2 24 | -6.0% | 7.4% |
每股收益（稀释后）DASHUHS
| Q1 26 | — | $5.65 | ||
| Q4 25 | $0.49 | $7.01 | ||
| Q3 25 | $0.55 | $5.86 | ||
| Q2 25 | $0.65 | $5.43 | ||
| Q1 25 | $0.44 | $4.80 | ||
| Q4 24 | $0.35 | $4.94 | ||
| Q3 24 | $0.38 | $3.80 | ||
| Q2 24 | $-0.38 | $4.26 |
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 | $119.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $10.0B | $7.5B |
| 总资产 | $19.7B | $15.7B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资DASHUHS
| Q1 26 | — | $119.0M | ||
| Q4 25 | $4.4B | $137.8M | ||
| Q3 25 | $3.3B | $112.9M | ||
| Q2 25 | $3.9B | $137.6M | ||
| Q1 25 | $4.5B | $126.8M | ||
| Q4 24 | $4.0B | $126.0M | ||
| Q3 24 | $3.7B | $106.1M | ||
| Q2 24 | $3.4B | $128.8M |
总债务DASHUHS
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.5B |
股东权益DASHUHS
| Q1 26 | — | $7.5B | ||
| Q4 25 | $10.0B | $7.3B | ||
| Q3 25 | $9.5B | $7.2B | ||
| Q2 25 | $8.9B | $7.0B | ||
| Q1 25 | $8.4B | $6.8B | ||
| Q4 24 | $7.8B | $6.7B | ||
| Q3 24 | $7.6B | $6.6B | ||
| Q2 24 | $7.2B | $6.5B |
总资产DASHUHS
| Q1 26 | — | $15.7B | ||
| Q4 25 | $19.7B | $15.5B | ||
| Q3 25 | $18.0B | $15.3B | ||
| Q2 25 | $16.9B | $15.0B | ||
| Q1 25 | $13.6B | $14.9B | ||
| Q4 24 | $12.8B | $14.5B | ||
| Q3 24 | $12.3B | $14.4B | ||
| Q2 24 | $11.8B | $14.1B |
负债/权益比DASHUHS
| Q1 26 | — | 0.63× | ||
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.69× |
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 | $401.6M |
| 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% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.12× |
| 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DASHUHS
| Q1 26 | — | $401.6M | ||
| Q4 25 | $421.0M | $574.7M | ||
| Q3 25 | $871.0M | $380.7M | ||
| Q2 25 | $504.0M | $549.0M | ||
| Q1 25 | $635.0M | $360.0M | ||
| Q4 24 | $518.0M | $658.4M | ||
| Q3 24 | $531.0M | $333.0M | ||
| Q2 24 | $530.0M | $679.3M |
自由现金流DASHUHS
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $293.5M | ||
| Q3 25 | $808.0M | $151.8M | ||
| Q2 25 | $438.0M | $283.0M | ||
| Q1 25 | $561.0M | $121.0M | ||
| Q4 24 | $486.0M | $412.5M | ||
| Q3 24 | $499.0M | $85.0M | ||
| Q2 24 | $507.0M | $437.9M |
自由现金流率DASHUHS
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 6.5% | ||
| Q3 25 | 23.4% | 3.4% | ||
| Q2 25 | 13.3% | 6.6% | ||
| Q1 25 | 18.5% | 3.0% | ||
| Q4 24 | 16.9% | 10.0% | ||
| Q3 24 | 18.4% | 2.1% | ||
| Q2 24 | 19.3% | 11.2% |
资本支出强度DASHUHS
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.4% | 6.3% | ||
| Q3 25 | 1.8% | 5.1% | ||
| Q2 25 | 2.0% | 6.2% | ||
| Q1 25 | 2.4% | 5.8% | ||
| Q4 24 | 1.1% | 6.0% | ||
| Q3 24 | 1.2% | 6.3% | ||
| Q2 24 | 0.9% | 6.2% |
现金转化率DASHUHS
| Q1 26 | — | 1.12× | ||
| Q4 25 | 1.98× | 1.29× | ||
| Q3 25 | 3.57× | 1.02× | ||
| Q2 25 | 1.77× | 1.55× | ||
| Q1 25 | 3.29× | 1.14× | ||
| Q4 24 | 3.67× | 1.98× | ||
| Q3 24 | 3.28× | 1.29× | ||
| Q2 24 | — | 2.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
