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DoorDash（DASH）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是DoorDash的1.0倍（$4.1B vs $4.0B），DoorDash净利率更高（5.4% vs 2.7%，领先2.7%），DoorDash同比增速更快（37.7% vs -0.9%），惠而浦自由现金流更多（$989.0M vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs -4.5%）
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。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
DASH vs WHR — 直观对比
营收规模更大
WHR
是对方的1.0倍
$4.0B
营收增速更快
DASH
高出38.6%
-0.9%
净利率更高
DASH
高出2.7%
2.7%
自由现金流更多
WHR
多$622.0M
$367.0M
两年增速更快
DASH
近两年复合增速
-4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $4.1B |
| 净利润 | $213.0M | $109.0M |
| 毛利率 | — | 14.0% |
| 营业利润率 | 3.7% | 6.0% |
| 净利率 | 5.4% | 2.7% |
| 营收同比 | 37.7% | -0.9% |
| 净利润同比 | 51.1% | 127.8% |
| 每股收益（稀释后） | $0.49 | $1.92 |
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DASHWHR
| Q4 25 | $4.0B | $4.1B | ||
| Q3 25 | $3.4B | $4.0B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $3.0B | $3.6B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | $2.7B | $4.0B | ||
| Q2 24 | $2.6B | $4.0B | ||
| Q1 24 | $2.5B | $4.5B |
净利润DASHWHR
| Q4 25 | $213.0M | $109.0M | ||
| Q3 25 | $244.0M | $73.0M | ||
| Q2 25 | $285.0M | $65.0M | ||
| Q1 25 | $193.0M | $71.0M | ||
| Q4 24 | $141.0M | $-392.0M | ||
| Q3 24 | $162.0M | $109.0M | ||
| Q2 24 | $-157.0M | $219.0M | ||
| Q1 24 | $-23.0M | $-259.0M |
毛利率DASHWHR
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.2% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | — | 15.7% | ||
| Q1 24 | — | 14.3% |
营业利润率DASHWHR
| Q4 25 | 3.7% | 6.0% | ||
| Q3 25 | 7.5% | 5.1% | ||
| Q2 25 | 5.0% | 5.4% | ||
| Q1 25 | 5.1% | 5.1% | ||
| Q4 24 | 4.1% | -3.3% | ||
| Q3 24 | 4.0% | 6.6% | ||
| Q2 24 | -7.6% | 3.3% | ||
| Q1 24 | -2.4% | -2.6% |
净利率DASHWHR
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 7.1% | 1.8% | ||
| Q2 25 | 8.7% | 1.7% | ||
| Q1 25 | 6.4% | 2.0% | ||
| Q4 24 | 4.9% | -9.5% | ||
| Q3 24 | 6.0% | 2.7% | ||
| Q2 24 | -6.0% | 5.5% | ||
| Q1 24 | -0.9% | -5.8% |
每股收益（稀释后）DASHWHR
| Q4 25 | $0.49 | $1.92 | ||
| Q3 25 | $0.55 | $1.29 | ||
| Q2 25 | $0.65 | $1.17 | ||
| Q1 25 | $0.44 | $1.28 | ||
| Q4 24 | $0.35 | $-7.11 | ||
| Q3 24 | $0.38 | $2.00 | ||
| Q2 24 | $-0.38 | $3.96 | ||
| Q1 24 | $-0.06 | $-4.72 |
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 | $669.0M |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $10.0B | $2.7B |
| 总资产 | $19.7B | $16.0B |
| 负债/权益比越低杠杆越低 | — | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资DASHWHR
| Q4 25 | $4.4B | $669.0M | ||
| Q3 25 | $3.3B | $934.0M | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $4.5B | $1.0B | ||
| Q4 24 | $4.0B | $1.3B | ||
| Q3 24 | $3.7B | $1.1B | ||
| Q2 24 | $3.4B | $1.2B | ||
| Q1 24 | $3.1B | $1.2B |
总债务DASHWHR
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DASHWHR
| Q4 25 | $10.0B | $2.7B | ||
| Q3 25 | $9.5B | $2.6B | ||
| Q2 25 | $8.9B | $2.6B | ||
| Q1 25 | $8.4B | $2.6B | ||
| Q4 24 | $7.8B | $2.7B | ||
| Q3 24 | $7.6B | $3.0B | ||
| Q2 24 | $7.2B | $3.1B | ||
| Q1 24 | $7.0B | $2.4B |
总资产DASHWHR
| Q4 25 | $19.7B | $16.0B | ||
| Q3 25 | $18.0B | $16.9B | ||
| Q2 25 | $16.9B | $16.8B | ||
| Q1 25 | $13.6B | $16.5B | ||
| Q4 24 | $12.8B | $16.3B | ||
| Q3 24 | $12.3B | $17.2B | ||
| Q2 24 | $11.8B | $17.3B | ||
| Q1 24 | $11.4B | $17.4B |
负债/权益比DASHWHR
| Q4 25 | — | 2.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $989.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 24.1% |
| 资本支出强度资本支出/营收 | 1.4% | 3.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $81.0M |
8季度趋势，按日历期对齐
经营现金流DASHWHR
| Q4 25 | $421.0M | $1.1B | ||
| Q3 25 | $871.0M | $33.0M | ||
| Q2 25 | $504.0M | $19.0M | ||
| Q1 25 | $635.0M | $-721.0M | ||
| Q4 24 | $518.0M | $1.1B | ||
| Q3 24 | $531.0M | $214.0M | ||
| Q2 24 | $530.0M | $388.0M | ||
| Q1 24 | $553.0M | $-873.0M |
自由现金流DASHWHR
| Q4 25 | $367.0M | $989.0M | ||
| Q3 25 | $808.0M | $-52.0M | ||
| Q2 25 | $438.0M | $-63.0M | ||
| Q1 25 | $561.0M | $-793.0M | ||
| Q4 24 | $486.0M | $970.0M | ||
| Q3 24 | $499.0M | $127.0M | ||
| Q2 24 | $507.0M | $275.0M | ||
| Q1 24 | $536.0M | $-988.0M |
自由现金流率DASHWHR
| Q4 25 | 9.3% | 24.1% | ||
| Q3 25 | 23.4% | -1.3% | ||
| Q2 25 | 13.3% | -1.7% | ||
| Q1 25 | 18.5% | -21.9% | ||
| Q4 24 | 16.9% | 23.5% | ||
| Q3 24 | 18.4% | 3.2% | ||
| Q2 24 | 19.3% | 6.9% | ||
| Q1 24 | 21.3% | -22.0% |
资本支出强度DASHWHR
| Q4 25 | 1.4% | 3.7% | ||
| Q3 25 | 1.8% | 2.1% | ||
| Q2 25 | 2.0% | 2.2% | ||
| Q1 25 | 2.4% | 2.0% | ||
| Q4 24 | 1.1% | 3.3% | ||
| Q3 24 | 1.2% | 2.2% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 0.7% | 2.6% |
现金转化率DASHWHR
| Q4 25 | 1.98× | 10.45× | ||
| Q3 25 | 3.57× | 0.45× | ||
| Q2 25 | 1.77× | 0.29× | ||
| Q1 25 | 3.29× | -10.15× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | 1.96× | ||
| Q2 24 | — | 1.77× | ||
| Q1 24 | — | — |
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
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
