vs
DoorDash（DASH）与施乐（XRX）财务数据对比。点击上方公司名可切换其他公司
DoorDash的季度营收约是施乐的2.0倍（$4.0B vs $2.0B），DoorDash同比增速更快（37.7% vs 25.7%），DoorDash自由现金流更多（$367.0M vs $192.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 16.2%）
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。
施乐控股是源自美国的知名办公设备服务商，面向全球超160个国家提供打印机与数码文档相关产品及服务。1959年推出Xerox 914后，施乐成为静电复印市场的开创者，品牌名“xerox”甚至在英语中成为复印的代名词，公司总部现位于美国康涅狄格州诺沃克。
DASH vs XRX — 直观对比
营收规模更大
DASH
是对方的2.0倍
$2.0B
营收增速更快
DASH
高出11.9%
25.7%
自由现金流更多
DASH
多$175.0M
$192.0M
两年增速更快
DASH
近两年复合增速
16.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $2.0B |
| 净利润 | $213.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | — |
| 净利率 | 5.4% | — |
| 营收同比 | 37.7% | 25.7% |
| 净利润同比 | 51.1% | — |
| 每股收益（稀释后） | $0.49 | $-0.62 |
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DASHXRX
| Q4 25 | $4.0B | $2.0B | ||
| Q3 25 | $3.4B | $2.0B | ||
| Q2 25 | $3.3B | $1.6B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.7B | $1.5B | ||
| Q2 24 | $2.6B | $1.6B | ||
| Q1 24 | $2.5B | $1.5B |
净利润DASHXRX
| Q4 25 | $213.0M | — | ||
| Q3 25 | $244.0M | $-760.0M | ||
| Q2 25 | $285.0M | $-106.0M | ||
| Q1 25 | $193.0M | $-90.0M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $162.0M | $-1.2B | ||
| Q2 24 | $-157.0M | $18.0M | ||
| Q1 24 | $-23.0M | $-113.0M |
营业利润率DASHXRX
| Q4 25 | 3.7% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | -7.6% | — | ||
| Q1 24 | -2.4% | — |
净利率DASHXRX
| Q4 25 | 5.4% | — | ||
| Q3 25 | 7.1% | -38.8% | ||
| Q2 25 | 8.7% | -6.7% | ||
| Q1 25 | 6.4% | -6.2% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.0% | -78.9% | ||
| Q2 24 | -6.0% | 1.1% | ||
| Q1 24 | -0.9% | -7.5% |
每股收益（稀释后）DASHXRX
| Q4 25 | $0.49 | $-0.62 | ||
| Q3 25 | $0.55 | $-6.01 | ||
| Q2 25 | $0.65 | $-0.87 | ||
| Q1 25 | $0.44 | $-0.75 | ||
| Q4 24 | $0.35 | $-0.21 | ||
| Q3 24 | $0.38 | $-9.71 | ||
| Q2 24 | $-0.38 | $0.11 | ||
| Q1 24 | $-0.06 | $-0.94 |
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 | $512.0M |
| 总债务越低越好 | — | $4.0B |
| 股东权益账面价值 | $10.0B | $444.0M |
| 总资产 | $19.7B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 9.05× |
8季度趋势，按日历期对齐
现金及短期投资DASHXRX
| Q4 25 | $4.4B | $512.0M | ||
| Q3 25 | $3.3B | $479.0M | ||
| Q2 25 | $3.9B | $449.0M | ||
| Q1 25 | $4.5B | $336.0M | ||
| Q4 24 | $4.0B | $576.0M | ||
| Q3 24 | $3.7B | $521.0M | ||
| Q2 24 | $3.4B | $485.0M | ||
| Q1 24 | $3.1B | $685.0M |
总债务DASHXRX
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
股东权益DASHXRX
| Q4 25 | $10.0B | $444.0M | ||
| Q3 25 | $9.5B | $365.0M | ||
| Q2 25 | $8.9B | $1.1B | ||
| Q1 25 | $8.4B | $1.1B | ||
| Q4 24 | $7.8B | $1.1B | ||
| Q3 24 | $7.6B | $1.3B | ||
| Q2 24 | $7.2B | $2.4B | ||
| Q1 24 | $7.0B | $2.4B |
总资产DASHXRX
| Q4 25 | $19.7B | $9.8B | ||
| Q3 25 | $18.0B | $10.1B | ||
| Q2 25 | $16.9B | $8.9B | ||
| Q1 25 | $13.6B | $8.2B | ||
| Q4 24 | $12.8B | $8.4B | ||
| Q3 24 | $12.3B | $8.3B | ||
| Q2 24 | $11.8B | $9.5B | ||
| Q1 24 | $11.4B | $9.9B |
负债/权益比DASHXRX
| Q4 25 | — | 9.05× | ||
| Q3 25 | — | 11.10× | ||
| Q2 25 | — | 3.11× | ||
| Q1 25 | — | 2.56× | ||
| Q4 24 | — | 2.62× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.35× |
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 | $208.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $192.0M |
| 自由现金流率自由现金流/营收 | 9.3% | 9.5% |
| 资本支出强度资本支出/营收 | 1.4% | 0.8% |
| 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 | $187.0M |
8季度趋势，按日历期对齐
经营现金流DASHXRX
| Q4 25 | $421.0M | $208.0M | ||
| Q3 25 | $871.0M | $116.0M | ||
| Q2 25 | $504.0M | $-11.0M | ||
| Q1 25 | $635.0M | $-89.0M | ||
| Q4 24 | $518.0M | $351.0M | ||
| Q3 24 | $531.0M | $116.0M | ||
| Q2 24 | $530.0M | $123.0M | ||
| Q1 24 | $553.0M | $-79.0M |
自由现金流DASHXRX
| Q4 25 | $367.0M | $192.0M | ||
| Q3 25 | $808.0M | $104.0M | ||
| Q2 25 | $438.0M | $-15.0M | ||
| Q1 25 | $561.0M | $-94.0M | ||
| Q4 24 | $486.0M | $346.0M | ||
| Q3 24 | $499.0M | $108.0M | ||
| Q2 24 | $507.0M | $117.0M | ||
| Q1 24 | $536.0M | $-87.0M |
自由现金流率DASHXRX
| Q4 25 | 9.3% | 9.5% | ||
| Q3 25 | 23.4% | 5.3% | ||
| Q2 25 | 13.3% | -1.0% | ||
| Q1 25 | 18.5% | -6.5% | ||
| Q4 24 | 16.9% | 21.5% | ||
| Q3 24 | 18.4% | 7.1% | ||
| Q2 24 | 19.3% | 7.4% | ||
| Q1 24 | 21.3% | -5.8% |
资本支出强度DASHXRX
| Q4 25 | 1.4% | 0.8% | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 2.0% | 0.3% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | 1.1% | 0.3% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 0.9% | 0.4% | ||
| Q1 24 | 0.7% | 0.5% |
现金转化率DASHXRX
| Q4 25 | 1.98× | — | ||
| Q3 25 | 3.57× | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.28× | — | ||
| Q2 24 | — | 6.83× | ||
| 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
XRX
| Other | $596.0M | 29% |
| Manufactured Product Other | $485.0M | 24% |
| Supplies Paper And Other Sales | $483.0M | 24% |
| IT Solutions Segment | $155.0M | 8% |
| CA | $128.0M | 6% |
| IT Products | $100.0M | 5% |
| Rental And Other | $52.0M | 3% |
| Financial Service | $29.0M | 1% |
