vs
DoorDash（DASH）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是西部数据的1.3倍（$4.0B vs $3.0B），西部数据净利率更高（61.1% vs 5.4%，领先55.7%），DoorDash同比增速更快（37.7% vs 31.5%），过去两年DoorDash的营收复合增速更高（25.5% vs -6.6%）
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。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
DASH vs WDC — 直观对比
营收规模更大
DASH
是对方的1.3倍
$3.0B
营收增速更快
DASH
高出6.1%
31.5%
净利率更高
WDC
高出55.7%
5.4%
两年增速更快
DASH
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $3.0B |
| 净利润 | $213.0M | $1.8B |
| 毛利率 | — | 45.7% |
| 营业利润率 | 3.7% | 30.1% |
| 净利率 | 5.4% | 61.1% |
| 营收同比 | 37.7% | 31.5% |
| 净利润同比 | 51.1% | 254.2% |
| 每股收益（稀释后） | $0.49 | $4.73 |
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DASHWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $4.0B | $2.8B | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | $-1.2B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $2.9B | $4.3B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.6B | $3.8B |
净利润DASHWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $213.0M | $1.2B | ||
| Q3 25 | $244.0M | — | ||
| Q2 25 | $285.0M | $282.0M | ||
| Q1 25 | $193.0M | $520.0M | ||
| Q4 24 | $141.0M | $594.0M | ||
| Q3 24 | $162.0M | $493.0M | ||
| Q2 24 | $-157.0M | $39.0M |
毛利率DASHWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 35.4% | ||
| Q3 24 | — | 37.9% | ||
| Q2 24 | — | 35.9% |
营业利润率DASHWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 3.7% | 28.1% | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.1% | 33.1% | ||
| Q4 24 | 4.1% | 19.9% | ||
| Q3 24 | 4.0% | 18.1% | ||
| Q2 24 | -7.6% | 5.7% |
净利率DASHWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 5.4% | 41.9% | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 8.7% | -24.4% | ||
| Q1 25 | 6.4% | 22.7% | ||
| Q4 24 | 4.9% | 13.9% | ||
| Q3 24 | 6.0% | 12.0% | ||
| Q2 24 | -6.0% | 1.0% |
每股收益（稀释后）DASHWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $0.49 | $3.07 | ||
| Q3 25 | $0.55 | — | ||
| Q2 25 | $0.65 | $0.72 | ||
| Q1 25 | $0.44 | $1.42 | ||
| Q4 24 | $0.35 | $1.63 | ||
| Q3 24 | $0.38 | $1.35 | ||
| Q2 24 | $-0.38 | $0.15 |
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 | $2.0B |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $10.0B | $7.1B |
| 总资产 | $19.7B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资DASHWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $4.4B | $2.0B | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.9B | $2.1B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $4.0B | $2.3B | ||
| Q3 24 | $3.7B | $1.7B | ||
| Q2 24 | $3.4B | $1.9B |
总债务DASHWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益DASHWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $10.0B | $5.9B | ||
| Q3 25 | $9.5B | — | ||
| Q2 25 | $8.9B | $5.3B | ||
| Q1 25 | $8.4B | $5.2B | ||
| Q4 24 | $7.8B | $12.1B | ||
| Q3 24 | $7.6B | $11.6B | ||
| Q2 24 | $7.2B | $10.8B |
总资产DASHWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $19.7B | $14.4B | ||
| Q3 25 | $18.0B | — | ||
| Q2 25 | $16.9B | $14.0B | ||
| Q1 25 | $13.6B | $16.4B | ||
| Q4 24 | $12.8B | $25.5B | ||
| Q3 24 | $12.3B | $24.8B | ||
| Q2 24 | $11.8B | $24.2B |
负债/权益比DASHWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| 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 | — |
| 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DASHWDC
| Q1 26 | — | — | ||
| Q4 25 | $421.0M | $672.0M | ||
| Q3 25 | $871.0M | — | ||
| Q2 25 | $504.0M | $746.0M | ||
| Q1 25 | $635.0M | $508.0M | ||
| Q4 24 | $518.0M | $403.0M | ||
| Q3 24 | $531.0M | $34.0M | ||
| Q2 24 | $530.0M | $366.0M |
自由现金流DASHWDC
| Q1 26 | — | — | ||
| Q4 25 | $367.0M | $599.0M | ||
| Q3 25 | $808.0M | — | ||
| Q2 25 | $438.0M | $675.0M | ||
| Q1 25 | $561.0M | $379.0M | ||
| Q4 24 | $486.0M | $287.0M | ||
| Q3 24 | $499.0M | $-62.0M | ||
| Q2 24 | $507.0M | $250.0M |
自由现金流率DASHWDC
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 21.3% | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 13.3% | -58.5% | ||
| Q1 25 | 18.5% | 16.5% | ||
| Q4 24 | 16.9% | 6.7% | ||
| Q3 24 | 18.4% | -1.5% | ||
| Q2 24 | 19.3% | 6.6% |
资本支出强度DASHWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 2.0% | -6.2% | ||
| Q1 25 | 2.4% | 5.6% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 1.2% | 2.3% | ||
| Q2 24 | 0.9% | 3.1% |
现金转化率DASHWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.98× | 0.57× | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.77× | 2.65× | ||
| Q1 25 | 3.29× | 0.98× | ||
| Q4 24 | 3.67× | 0.68× | ||
| Q3 24 | 3.28× | 0.07× | ||
| Q2 24 | — | 9.38× |
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
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
