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优步（UBER）与US Foods Holding Corp.（USFD）财务数据对比。点击上方公司名可切换其他公司
优步的季度营收约是US Foods Holding Corp.的1.5倍（$14.4B vs $9.8B），优步净利率更高（2.1% vs 1.9%，领先0.2%），优步同比增速更快（20.1% vs 3.3%），优步自由现金流更多（$2.8B vs $159.0M），过去两年优步的营收复合增速更高（19.1% vs 4.6%）
优步是总部位于美国加利福尼亚州旧金山的跨国出行科技企业，核心业务涵盖网约车、快递、食品配送及货运服务，业务覆盖全球约70个国家和15000座城市，是全球规模最大的共享出行平台，月活用户超1.8亿，活跃司机及配送员超600万。
US Foods Holding Corp.是美国第二大食品服务分销商，规模仅次于Sysco。公司服务覆盖独立餐厅、连锁餐饮、医疗保健、酒店、教育机构等共计25万个场点，为各类客户提供食品配送及相关供应链服务，业务覆盖场景十分多元。
UBER vs USFD — 直观对比
营收规模更大
UBER
是对方的1.5倍
$9.8B
营收增速更快
UBER
高出16.9%
3.3%
净利率更高
UBER
高出0.2%
1.9%
自由现金流更多
UBER
多$2.6B
$159.0M
两年增速更快
UBER
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $14.4B | $9.8B |
| 净利润 | $296.0M | $184.0M |
| 毛利率 | — | 17.6% |
| 营业利润率 | 12.3% | 3.3% |
| 净利率 | 2.1% | 1.9% |
| 营收同比 | 20.1% | 3.3% |
| 净利润同比 | -95.7% | 178.8% |
| 每股收益（稀释后） | $0.16 | $0.82 |
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UBERUSFD
| Q4 25 | $14.4B | $9.8B | ||
| Q3 25 | $13.5B | $10.2B | ||
| Q2 25 | $12.7B | $10.1B | ||
| Q1 25 | $11.5B | $9.4B | ||
| Q4 24 | $12.0B | $9.5B | ||
| Q3 24 | $11.2B | $9.7B | ||
| Q2 24 | $10.7B | $9.7B | ||
| Q1 24 | $10.1B | $8.9B |
净利润UBERUSFD
| Q4 25 | $296.0M | $184.0M | ||
| Q3 25 | $6.6B | $153.0M | ||
| Q2 25 | $1.4B | $224.0M | ||
| Q1 25 | $1.8B | $115.0M | ||
| Q4 24 | $6.9B | $66.0M | ||
| Q3 24 | $2.6B | $148.0M | ||
| Q2 24 | $1.0B | $198.0M | ||
| Q1 24 | $-654.0M | $82.0M |
毛利率UBERUSFD
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 16.7% |
营业利润率UBERUSFD
| Q4 25 | 12.3% | 3.3% | ||
| Q3 25 | 8.3% | 2.8% | ||
| Q2 25 | 11.5% | 3.7% | ||
| Q1 25 | 10.6% | 2.4% | ||
| Q4 24 | 6.4% | 3.2% | ||
| Q3 24 | 9.5% | 2.9% | ||
| Q2 24 | 7.4% | 3.6% | ||
| Q1 24 | 1.7% | 1.8% |
净利率UBERUSFD
| Q4 25 | 2.1% | 1.9% | ||
| Q3 25 | 49.2% | 1.5% | ||
| Q2 25 | 10.7% | 2.2% | ||
| Q1 25 | 15.4% | 1.2% | ||
| Q4 24 | 57.6% | 0.7% | ||
| Q3 24 | 23.3% | 1.5% | ||
| Q2 24 | 9.5% | 2.0% | ||
| Q1 24 | -6.5% | 0.9% |
每股收益（稀释后）UBERUSFD
| Q4 25 | $0.16 | $0.82 | ||
| Q3 25 | $3.11 | $0.67 | ||
| Q2 25 | $0.63 | $0.96 | ||
| Q1 25 | $0.83 | $0.49 | ||
| Q4 24 | $3.21 | $0.28 | ||
| Q3 24 | $1.20 | $0.61 | ||
| Q2 24 | $0.47 | $0.80 | ||
| Q1 24 | $-0.32 | $0.33 |
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 | $7.6B | $41.0M |
| 总债务越低越好 | $10.6B | $5.1B |
| 股东权益账面价值 | $27.0B | $4.3B |
| 总资产 | $61.8B | $13.9B |
| 负债/权益比越低杠杆越低 | 0.39× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资UBERUSFD
| Q4 25 | $7.6B | $41.0M | ||
| Q3 25 | $9.1B | $56.0M | ||
| Q2 25 | $7.4B | $61.0M | ||
| Q1 25 | $6.0B | $101.0M | ||
| Q4 24 | $7.0B | $59.0M | ||
| Q3 24 | $9.1B | $81.0M | ||
| Q2 24 | $6.3B | $405.0M | ||
| Q1 24 | $5.8B | $267.0M |
总债务UBERUSFD
| Q4 25 | $10.6B | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $9.6B | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $4.6B |
股东权益UBERUSFD
| Q4 25 | $27.0B | $4.3B | ||
| Q3 25 | $28.1B | $4.5B | ||
| Q2 25 | $22.6B | $4.6B | ||
| Q1 25 | $22.0B | $4.6B | ||
| Q4 24 | $21.6B | $4.5B | ||
| Q3 24 | $14.8B | $4.6B | ||
| Q2 24 | $12.3B | $5.0B | ||
| Q1 24 | $11.1B | $4.8B |
总资产UBERUSFD
| Q4 25 | $61.8B | $13.9B | ||
| Q3 25 | $63.3B | $14.0B | ||
| Q2 25 | $56.0B | $13.8B | ||
| Q1 25 | $52.8B | $13.7B | ||
| Q4 24 | $51.2B | $13.4B | ||
| Q3 24 | $47.1B | $13.5B | ||
| Q2 24 | $41.5B | $13.7B | ||
| Q1 24 | $39.6B | $13.4B |
负债/权益比UBERUSFD
| Q4 25 | 0.39× | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | 0.44× | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.95× |
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 | $2.9B | $293.0M |
| 自由现金流经营现金流 - 资本支出 | $2.8B | $159.0M |
| 自由现金流率自由现金流/营收 | 19.5% | 1.6% |
| 资本支出强度资本支出/营收 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 9.74× | 1.59× |
| 过去12个月自由现金流最近4个季度 | $9.8B | $959.0M |
8季度趋势，按日历期对齐
经营现金流UBERUSFD
| Q4 25 | $2.9B | $293.0M | ||
| Q3 25 | $2.3B | $351.0M | ||
| Q2 25 | $2.6B | $334.0M | ||
| Q1 25 | $2.3B | $391.0M | ||
| Q4 24 | $1.8B | $283.0M | ||
| Q3 24 | $2.2B | $270.0M | ||
| Q2 24 | $1.8B | $482.0M | ||
| Q1 24 | $1.4B | $139.0M |
自由现金流UBERUSFD
| Q4 25 | $2.8B | $159.0M | ||
| Q3 25 | $2.2B | $236.0M | ||
| Q2 25 | $2.5B | $257.0M | ||
| Q1 25 | $2.3B | $307.0M | ||
| Q4 24 | $1.7B | $178.0M | ||
| Q3 24 | $2.1B | $190.0M | ||
| Q2 24 | $1.7B | $413.0M | ||
| Q1 24 | $1.4B | $52.0M |
自由现金流率UBERUSFD
| Q4 25 | 19.5% | 1.6% | ||
| Q3 25 | 16.6% | 2.3% | ||
| Q2 25 | 19.6% | 2.5% | ||
| Q1 25 | 19.5% | 3.3% | ||
| Q4 24 | 14.3% | 1.9% | ||
| Q3 24 | 18.9% | 2.0% | ||
| Q2 24 | 16.1% | 4.3% | ||
| Q1 24 | 13.4% | 0.6% |
资本支出强度UBERUSFD
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率UBERUSFD
| Q4 25 | 9.74× | 1.59× | ||
| Q3 25 | 0.35× | 2.29× | ||
| Q2 25 | 1.89× | 1.49× | ||
| Q1 25 | 1.31× | 3.40× | ||
| Q4 24 | 0.25× | 4.29× | ||
| Q3 24 | 0.82× | 1.82× | ||
| Q2 24 | 1.79× | 2.43× | ||
| Q1 24 | — | 1.70× |
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
UBER
| Mobility | $8.2B | 57% |
| Delivery | $4.9B | 34% |
| Freight | $1.3B | 9% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
