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DoorDash（DASH）与WEC Energy Group（WEC）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WEC Energy Group的1.6倍（$4.0B vs $2.5B），WEC Energy Group净利率更高（12.5% vs 5.4%，领先7.1%），DoorDash同比增速更快（37.7% vs 11.1%），过去两年DoorDash的营收复合增速更高（25.5% vs -2.7%）
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。
WEC能源集团是总部位于美国威斯康星州密尔沃基的知名能源企业，业务覆盖美国四个州，为总计440万用户提供可靠的电力及天然气供应服务，是北美地区颇具规模的区域性能源服务商。
DASH vs WEC — 直观对比
营收规模更大
DASH
是对方的1.6倍
$2.5B
营收增速更快
DASH
高出26.6%
11.1%
净利率更高
WEC
高出7.1%
5.4%
两年增速更快
DASH
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.5B |
| 净利润 | $213.0M | $316.8M |
| 毛利率 | — | 63.7% |
| 营业利润率 | 3.7% | 17.9% |
| 净利率 | 5.4% | 12.5% |
| 营收同比 | 37.7% | 11.1% |
| 净利润同比 | 51.1% | -30.1% |
| 每股收益（稀释后） | $0.49 | — |
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DASHWEC
| Q4 25 | $4.0B | $2.5B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $2.9B | $2.3B | ||
| Q3 24 | $2.7B | $1.9B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.5B | $2.7B |
净利润DASHWEC
| Q4 25 | $213.0M | $316.8M | ||
| Q3 25 | $244.0M | $270.2M | ||
| Q2 25 | $285.0M | $243.0M | ||
| Q1 25 | $193.0M | $725.5M | ||
| Q4 24 | $141.0M | $453.1M | ||
| Q3 24 | $162.0M | $238.6M | ||
| Q2 24 | $-157.0M | $210.0M | ||
| Q1 24 | $-23.0M | $622.6M |
毛利率DASHWEC
| Q4 25 | — | 63.7% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.6% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | — | 67.7% | ||
| Q3 24 | — | 72.1% | ||
| Q2 24 | — | 73.5% | ||
| Q1 24 | — | 65.4% |
营业利润率DASHWEC
| Q4 25 | 3.7% | 17.9% | ||
| Q3 25 | 7.5% | 21.4% | ||
| Q2 25 | 5.0% | 20.1% | ||
| Q1 25 | 5.1% | 29.8% | ||
| Q4 24 | 4.1% | 25.9% | ||
| Q3 24 | 4.0% | 20.6% | ||
| Q2 24 | -7.6% | 20.6% | ||
| Q1 24 | -2.4% | 30.3% |
净利率DASHWEC
| Q4 25 | 5.4% | 12.5% | ||
| Q3 25 | 7.1% | 12.8% | ||
| Q2 25 | 8.7% | 12.1% | ||
| Q1 25 | 6.4% | 23.0% | ||
| Q4 24 | 4.9% | 19.8% | ||
| Q3 24 | 6.0% | 12.8% | ||
| Q2 24 | -6.0% | 11.9% | ||
| Q1 24 | -0.9% | 23.2% |
每股收益（稀释后）DASHWEC
| Q4 25 | $0.49 | — | ||
| Q3 25 | $0.55 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $0.38 | — | ||
| Q2 24 | $-0.38 | — | ||
| 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 | $27.6M |
| 总债务越低越好 | — | $20.0B |
| 股东权益账面价值 | $10.0B | $14.1B |
| 总资产 | $19.7B | $51.5B |
| 负债/权益比越低杠杆越低 | — | 1.42× |
8季度趋势，按日历期对齐
现金及短期投资DASHWEC
| Q4 25 | $4.4B | $27.6M | ||
| Q3 25 | $3.3B | $51.1M | ||
| Q2 25 | $3.9B | $23.0M | ||
| Q1 25 | $4.5B | $82.2M | ||
| Q4 24 | $4.0B | $9.8M | ||
| Q3 24 | $3.7B | $322.5M | ||
| Q2 24 | $3.4B | $224.0M | ||
| Q1 24 | $3.1B | $38.9M |
总债务DASHWEC
| Q4 25 | — | $20.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $18.9B | ||
| Q3 24 | — | $16.9B | ||
| Q2 24 | — | $16.9B | ||
| Q1 24 | — | $15.4B |
股东权益DASHWEC
| Q4 25 | $10.0B | $14.1B | ||
| Q3 25 | $9.5B | $14.0B | ||
| Q2 25 | $8.9B | $13.7B | ||
| Q1 25 | $8.4B | $13.4B | ||
| Q4 24 | $7.8B | $12.8B | ||
| Q3 24 | $7.6B | $12.4B | ||
| Q2 24 | $7.2B | $12.4B | ||
| Q1 24 | $7.0B | $12.4B |
总资产DASHWEC
| Q4 25 | $19.7B | $51.5B | ||
| Q3 25 | $18.0B | $49.8B | ||
| Q2 25 | $16.9B | $48.5B | ||
| Q1 25 | $13.6B | $48.2B | ||
| Q4 24 | $12.8B | $47.4B | ||
| Q3 24 | $12.3B | $45.2B | ||
| Q2 24 | $11.8B | $44.6B | ||
| Q1 24 | $11.4B | $43.9B |
负债/权益比DASHWEC
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.24× |
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 | $424.6M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 1.98× | 1.34× |
| 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DASHWEC
| Q4 25 | $421.0M | $424.6M | ||
| Q3 25 | $871.0M | $938.9M | ||
| Q2 25 | $504.0M | $853.3M | ||
| Q1 25 | $635.0M | $1.2B | ||
| Q4 24 | $518.0M | $581.8M | ||
| Q3 24 | $531.0M | $729.0M | ||
| Q2 24 | $530.0M | $1.0B | ||
| Q1 24 | $553.0M | $863.6M |
自由现金流DASHWEC
| Q4 25 | $367.0M | — | ||
| Q3 25 | $808.0M | $-625.7M | ||
| Q2 25 | $438.0M | $23.9M | ||
| Q1 25 | $561.0M | $461.5M | ||
| Q4 24 | $486.0M | — | ||
| Q3 24 | $499.0M | $-67.3M | ||
| Q2 24 | $507.0M | $343.5M | ||
| Q1 24 | $536.0M | $419.1M |
自由现金流率DASHWEC
| Q4 25 | 9.3% | — | ||
| Q3 25 | 23.4% | -29.7% | ||
| Q2 25 | 13.3% | 1.2% | ||
| Q1 25 | 18.5% | 14.7% | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.4% | -3.6% | ||
| Q2 24 | 19.3% | 19.4% | ||
| Q1 24 | 21.3% | 15.6% |
资本支出强度DASHWEC
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.8% | 74.4% | ||
| Q2 25 | 2.0% | 41.3% | ||
| Q1 25 | 2.4% | 22.3% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.2% | 42.7% | ||
| Q2 24 | 0.9% | 39.2% | ||
| Q1 24 | 0.7% | 16.6% |
现金转化率DASHWEC
| Q4 25 | 1.98× | 1.34× | ||
| Q3 25 | 3.57× | 3.47× | ||
| Q2 25 | 1.77× | 3.51× | ||
| Q1 25 | 3.29× | 1.60× | ||
| Q4 24 | 3.67× | 1.28× | ||
| Q3 24 | 3.28× | 3.06× | ||
| Q2 24 | — | 4.94× | ||
| Q1 24 | — | 1.39× |
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
WEC
| Wisconsin | $1.9B | 73% |
| Illinois | $441.2M | 17% |
| Other States | $165.1M | 7% |
| External Revenues | $74.0M | 3% |
| Otheroperatingrevenues | $8.0M | 0% |
