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DoorDash（DASH）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
Block, Inc.的季度营收约是DoorDash的1.6倍（$6.3B vs $4.0B），DoorDash净利率更高（5.4% vs 1.9%，领先3.5%），DoorDash同比增速更快（37.7% vs 3.6%），Block, Inc.自由现金流更多（$579.8M vs $367.0M），过去两年DoorDash的营收复合增速更高（25.5% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
DASH vs XYZ — 直观对比
营收规模更大
XYZ
是对方的1.6倍
$4.0B
营收增速更快
DASH
高出34.0%
3.6%
净利率更高
DASH
高出3.5%
1.9%
自由现金流更多
XYZ
多$212.8M
$367.0M
两年增速更快
DASH
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.0B | $6.3B |
| 净利润 | $213.0M | $115.8M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 3.7% | 7.8% |
| 净利率 | 5.4% | 1.9% |
| 营收同比 | 37.7% | 3.6% |
| 净利润同比 | 51.1% | -94.1% |
| 每股收益（稀释后） | $0.49 | $0.19 |
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DASHXYZ
| Q4 25 | $4.0B | $6.3B | ||
| Q3 25 | $3.4B | $6.1B | ||
| Q2 25 | $3.3B | $6.1B | ||
| Q1 25 | $3.0B | $5.8B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $2.7B | $6.0B | ||
| Q2 24 | $2.6B | $6.2B | ||
| Q1 24 | $2.5B | $6.0B |
净利润DASHXYZ
| Q4 25 | $213.0M | $115.8M | ||
| Q3 25 | $244.0M | $461.5M | ||
| Q2 25 | $285.0M | $538.5M | ||
| Q1 25 | $193.0M | $189.9M | ||
| Q4 24 | $141.0M | $1.9B | ||
| Q3 24 | $162.0M | $283.8M | ||
| Q2 24 | $-157.0M | $195.3M | ||
| Q1 24 | $-23.0M | $472.0M |
毛利率DASHXYZ
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% | ||
| Q1 24 | — | 35.2% |
营业利润率DASHXYZ
| Q4 25 | 3.7% | 7.8% | ||
| Q3 25 | 7.5% | 6.7% | ||
| Q2 25 | 5.0% | 8.0% | ||
| Q1 25 | 5.1% | 5.7% | ||
| Q4 24 | 4.1% | 0.2% | ||
| Q3 24 | 4.0% | 5.4% | ||
| Q2 24 | -7.6% | 5.0% | ||
| Q1 24 | -2.4% | 4.2% |
净利率DASHXYZ
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 7.1% | 7.5% | ||
| Q2 25 | 8.7% | 8.9% | ||
| Q1 25 | 6.4% | 3.3% | ||
| Q4 24 | 4.9% | 32.3% | ||
| Q3 24 | 6.0% | 4.7% | ||
| Q2 24 | -6.0% | 3.2% | ||
| Q1 24 | -0.9% | 7.9% |
每股收益（稀释后）DASHXYZ
| Q4 25 | $0.49 | $0.19 | ||
| Q3 25 | $0.55 | $0.74 | ||
| Q2 25 | $0.65 | $0.87 | ||
| Q1 25 | $0.44 | $0.30 | ||
| Q4 24 | $0.35 | $3.06 | ||
| Q3 24 | $0.38 | $0.45 | ||
| Q2 24 | $-0.38 | $0.31 | ||
| Q1 24 | $-0.06 | $0.74 |
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 | $6.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.0B | $22.2B |
| 总资产 | $19.7B | $39.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DASHXYZ
| Q4 25 | $4.4B | $6.6B | ||
| Q3 25 | $3.3B | $8.3B | ||
| Q2 25 | $3.9B | $6.4B | ||
| Q1 25 | $4.5B | $7.1B | ||
| Q4 24 | $4.0B | $8.1B | ||
| Q3 24 | $3.7B | $8.3B | ||
| Q2 24 | $3.4B | $7.8B | ||
| Q1 24 | $3.1B | $5.8B |
总债务DASHXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $4.1B |
股东权益DASHXYZ
| Q4 25 | $10.0B | $22.2B | ||
| Q3 25 | $9.5B | $22.5B | ||
| Q2 25 | $8.9B | $22.2B | ||
| Q1 25 | $8.4B | $21.5B | ||
| Q4 24 | $7.8B | $21.3B | ||
| Q3 24 | $7.6B | $19.9B | ||
| Q2 24 | $7.2B | $19.3B | ||
| Q1 24 | $7.0B | $19.0B |
总资产DASHXYZ
| Q4 25 | $19.7B | $39.5B | ||
| Q3 25 | $18.0B | $39.2B | ||
| Q2 25 | $16.9B | $36.9B | ||
| Q1 25 | $13.6B | $36.4B | ||
| Q4 24 | $12.8B | $36.8B | ||
| Q3 24 | $12.3B | $36.4B | ||
| Q2 24 | $11.8B | $37.5B | ||
| Q1 24 | $11.4B | $35.6B |
负债/权益比DASHXYZ
| Q4 25 | — | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.22× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $367.0M | $579.8M |
| 自由现金流率自由现金流/营收 | 9.3% | 9.3% |
| 资本支出强度资本支出/营收 | 1.4% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.98× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $2.2B | $2.4B |
8季度趋势，按日历期对齐
经营现金流DASHXYZ
| Q4 25 | $421.0M | $621.0M | ||
| Q3 25 | $871.0M | $1.5B | ||
| Q2 25 | $504.0M | $374.3M | ||
| Q1 25 | $635.0M | $133.3M | ||
| Q4 24 | $518.0M | $13.8M | ||
| Q3 24 | $531.0M | $684.8M | ||
| Q2 24 | $530.0M | $519.4M | ||
| Q1 24 | $553.0M | $489.4M |
自由现金流DASHXYZ
| Q4 25 | $367.0M | $579.8M | ||
| Q3 25 | $808.0M | $1.4B | ||
| Q2 25 | $438.0M | $343.0M | ||
| Q1 25 | $561.0M | $101.5M | ||
| Q4 24 | $486.0M | $-13.2M | ||
| Q3 24 | $499.0M | $628.2M | ||
| Q2 24 | $507.0M | $481.0M | ||
| Q1 24 | $536.0M | $457.4M |
自由现金流率DASHXYZ
| Q4 25 | 9.3% | 9.3% | ||
| Q3 25 | 23.4% | 22.9% | ||
| Q2 25 | 13.3% | 5.7% | ||
| Q1 25 | 18.5% | 1.8% | ||
| Q4 24 | 16.9% | -0.2% | ||
| Q3 24 | 18.4% | 10.5% | ||
| Q2 24 | 19.3% | 7.8% | ||
| Q1 24 | 21.3% | 7.7% |
资本支出强度DASHXYZ
| Q4 25 | 1.4% | 0.7% | ||
| Q3 25 | 1.8% | 0.8% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 0.9% | 0.6% | ||
| Q1 24 | 0.7% | 0.5% |
现金转化率DASHXYZ
| Q4 25 | 1.98× | 5.36× | ||
| Q3 25 | 3.57× | 3.14× | ||
| Q2 25 | 1.77× | 0.70× | ||
| Q1 25 | 3.29× | 0.70× | ||
| Q4 24 | 3.67× | 0.01× | ||
| Q3 24 | 3.28× | 2.41× | ||
| Q2 24 | — | 2.66× | ||
| Q1 24 | — | 1.04× |
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
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
