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DROPBOX, INC.（DBX）与J&J SNACK FOODS CORP（JJSF）财务数据对比。点击上方公司名可切换其他公司
DROPBOX, INC.的季度营收约是J&J SNACK FOODS CORP的1.9倍（$636.2M vs $343.8M），DROPBOX, INC.净利率更高（17.1% vs 0.3%，领先16.8%），DROPBOX, INC.同比增速更快（-1.1% vs -5.2%），DROPBOX, INC.自由现金流更多（$224.9M vs $17.0M），过去两年DROPBOX, INC.的营收复合增速更高（0.4% vs -2.2%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
强生休闲食品公司（J&J Snack Foods Corp.）是美国知名的品牌休闲食品与冷冻饮品生产商、营销商及分销商，总部位于新泽西州芒特劳雷尔，在全美44个州、墨西哥及加拿大设有超175个生产、仓储及配送设施，于纳斯达克全球精选市场上市，业务覆盖国内外市场。
DBX vs JJSF — 直观对比
营收规模更大
DBX
是对方的1.9倍
$343.8M
营收增速更快
DBX
高出4.0%
-5.2%
净利率更高
DBX
高出16.8%
0.3%
自由现金流更多
DBX
多$207.9M
$17.0M
两年增速更快
DBX
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $343.8M |
| 净利润 | $108.7M | $883.0K |
| 毛利率 | 79.2% | 27.9% |
| 营业利润率 | 25.5% | 0.2% |
| 净利率 | 17.1% | 0.3% |
| 营收同比 | -1.1% | -5.2% |
| 净利润同比 | 5.7% | -82.8% |
| 每股收益（稀释后） | $0.43 | $0.05 |
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DBXJJSF
| Q4 25 | $636.2M | $343.8M | ||
| Q3 25 | $634.4M | $410.2M | ||
| Q2 25 | $625.7M | $454.3M | ||
| Q1 25 | $624.7M | $356.1M | ||
| Q4 24 | $643.6M | $362.6M | ||
| Q3 24 | $638.8M | $426.8M | ||
| Q2 24 | $634.5M | $440.0M | ||
| Q1 24 | $631.3M | $359.7M |
净利润DBXJJSF
| Q4 25 | $108.7M | $883.0K | ||
| Q3 25 | $123.8M | $11.4M | ||
| Q2 25 | $125.6M | $44.2M | ||
| Q1 25 | $150.3M | $4.8M | ||
| Q4 24 | $102.8M | $5.1M | ||
| Q3 24 | $106.7M | $29.6M | ||
| Q2 24 | $110.5M | $36.3M | ||
| Q1 24 | $132.3M | $13.3M |
毛利率DBXJJSF
| Q4 25 | 79.2% | 27.9% | ||
| Q3 25 | 79.8% | 31.7% | ||
| Q2 25 | 80.2% | 33.0% | ||
| Q1 25 | 81.3% | 26.9% | ||
| Q4 24 | 81.2% | 25.9% | ||
| Q3 24 | 82.5% | 31.8% | ||
| Q2 24 | 83.1% | 33.6% | ||
| Q1 24 | 83.2% | 30.1% |
营业利润率DBXJJSF
| Q4 25 | 25.5% | 0.2% | ||
| Q3 25 | 27.5% | 2.8% | ||
| Q2 25 | 26.9% | 13.3% | ||
| Q1 25 | 29.4% | 1.7% | ||
| Q4 24 | 13.7% | 1.7% | ||
| Q3 24 | 20.0% | 9.3% | ||
| Q2 24 | 20.0% | 11.4% | ||
| Q1 24 | 22.7% | 5.0% |
净利率DBXJJSF
| Q4 25 | 17.1% | 0.3% | ||
| Q3 25 | 19.5% | 2.8% | ||
| Q2 25 | 20.1% | 9.7% | ||
| Q1 25 | 24.1% | 1.4% | ||
| Q4 24 | 16.0% | 1.4% | ||
| Q3 24 | 16.7% | 6.9% | ||
| Q2 24 | 17.4% | 8.3% | ||
| Q1 24 | 21.0% | 3.7% |
每股收益（稀释后）DBXJJSF
| Q4 25 | $0.43 | $0.05 | ||
| Q3 25 | $0.47 | $0.59 | ||
| Q2 25 | $0.45 | $2.26 | ||
| Q1 25 | $0.51 | $0.25 | ||
| Q4 24 | $0.33 | $0.26 | ||
| Q3 24 | $0.34 | $1.52 | ||
| Q2 24 | $0.34 | $1.87 | ||
| Q1 24 | $0.39 | $0.69 |
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 | $891.3M | $66.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-1.8B | $912.9M |
| 总资产 | $2.8B | $1.3B |
| 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DBXJJSF
| Q4 25 | $891.3M | $66.8M | ||
| Q3 25 | $730.7M | $105.9M | ||
| Q2 25 | $736.3M | $77.4M | ||
| Q1 25 | $942.2M | $48.5M | ||
| Q4 24 | $1.3B | $73.6M | ||
| Q3 24 | $517.6M | $73.4M | ||
| Q2 24 | $515.1M | $64.0M | ||
| Q1 24 | $548.9M | $43.6M |
股东权益DBXJJSF
| Q4 25 | $-1.8B | $912.9M | ||
| Q3 25 | $-1.5B | $966.7M | ||
| Q2 25 | $-1.3B | $969.9M | ||
| Q1 25 | $-1.1B | $935.0M | ||
| Q4 24 | $-752.4M | $946.8M | ||
| Q3 24 | $-546.1M | $957.0M | ||
| Q2 24 | $-371.3M | $937.9M | ||
| Q1 24 | $-277.2M | $915.7M |
总资产DBXJJSF
| Q4 25 | $2.8B | $1.3B | ||
| Q3 25 | $2.8B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.3B | $1.3B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.8B | $1.3B |
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 | $235.4M | $36.0M |
| 自由现金流经营现金流 - 资本支出 | $224.9M | $17.0M |
| 自由现金流率自由现金流/营收 | 35.4% | 4.9% |
| 资本支出强度资本支出/营收 | 1.7% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.17× | 40.73× |
| 过去12个月自由现金流最近4个季度 | $930.8M | $83.1M |
8季度趋势，按日历期对齐
经营现金流DBXJJSF
| Q4 25 | $235.4M | $36.0M | ||
| Q3 25 | $302.1M | $66.4M | ||
| Q2 25 | $260.5M | $51.2M | ||
| Q1 25 | $153.8M | $12.3M | ||
| Q4 24 | $213.8M | $35.2M | ||
| Q3 24 | $274.2M | $46.3M | ||
| Q2 24 | $230.6M | $65.0M | ||
| Q1 24 | $175.5M | $12.7M |
自由现金流DBXJJSF
| Q4 25 | $224.9M | $17.0M | ||
| Q3 25 | $293.7M | $44.8M | ||
| Q2 25 | $258.5M | $28.5M | ||
| Q1 25 | $153.7M | $-7.2M | ||
| Q4 24 | $210.5M | $16.1M | ||
| Q3 24 | $270.1M | $29.1M | ||
| Q2 24 | $224.7M | $45.3M | ||
| Q1 24 | $166.3M | $-4.0M |
自由现金流率DBXJJSF
| Q4 25 | 35.4% | 4.9% | ||
| Q3 25 | 46.3% | 10.9% | ||
| Q2 25 | 41.3% | 6.3% | ||
| Q1 25 | 24.6% | -2.0% | ||
| Q4 24 | 32.7% | 4.4% | ||
| Q3 24 | 42.3% | 6.8% | ||
| Q2 24 | 35.4% | 10.3% | ||
| Q1 24 | 26.3% | -1.1% |
资本支出强度DBXJJSF
| Q4 25 | 1.7% | 5.5% | ||
| Q3 25 | 1.3% | 5.3% | ||
| Q2 25 | 0.3% | 5.0% | ||
| Q1 25 | 0.0% | 5.5% | ||
| Q4 24 | 0.5% | 5.3% | ||
| Q3 24 | 0.6% | 4.0% | ||
| Q2 24 | 0.9% | 4.5% | ||
| Q1 24 | 1.5% | 4.6% |
现金转化率DBXJJSF
| Q4 25 | 2.17× | 40.73× | ||
| Q3 25 | 2.44× | 5.84× | ||
| Q2 25 | 2.07× | 1.16× | ||
| Q1 25 | 1.02× | 2.55× | ||
| Q4 24 | 2.08× | 6.84× | ||
| Q3 24 | 2.57× | 1.56× | ||
| Q2 24 | 2.09× | 1.79× | ||
| Q1 24 | 1.33× | 0.96× |
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
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
JJSF
| Food Service | $219.2M | 64% |
| Frozen Beverages | $78.7M | 23% |
| Repair And Maintenance Service | $22.5M | 7% |
| Other | $12.7M | 4% |
| Machine Sales | $10.7M | 3% |
