DoorDash
DASH Nasdaq Specialized Consumer Services 金融 FY2018–FY2025
DoorDash's revenue rose 27.9% to $13.7 billion in fiscal 2025. Its operating margin was 5.3%, up from −0.3% a year earlier. Free cash flow was $2.2 billion, up 7.2%. The diluted share count rose 2.2%.
关于这些数据。 DoorDash had no borrowings before it issued convertible notes in 2025, so its debt for earlier years is counted as zero.
DoorDash 的业务
DoorDash runs apps and websites where people order food, groceries and other goods from local restaurants and stores for delivery. Its three marketplaces, DoorDash, Wolt and Deliveroo, operate in more than 40 countries, including the United States. Deliveries are made mostly by "Dashers", independent contractors who choose when and where to work. It also sells merchants tools for their own channels, such as delivery for orders placed on their own sites, online ordering and branded apps.
The marketplaces bring in the vast majority of its revenue. DoorDash charges merchants a fee based on the size of each order and charges shoppers delivery and service fees, which its DashPass, Wolt+ and Deliveroo Plus memberships lower. It also sells advertising to merchants and brands. Orders on its marketplaces were worth $102.0 billion in 2025, including taxes, tips and fees, and revenue grew by $3.0 billion. It competes with Amazon, Uber Eats, Prosus, Delivery Hero and local rivals, as well as with stores and restaurants that run their own ordering and delivery.
In December 2025 its marketplaces had over 56 million monthly active users. In 2025 more than 9 million people made deliveries through it. DoorDash bought the British delivery company Deliveroo in October 2025 for $3,724 million. It had over 31,400 employees at the end of 2025.
- 法定名称
- DOORDASH, INC.
- 财年结束日
- 2025年12月31日
- 最新年报
- 10-K · 2026年2月18日
- 登记号 · CIK
- 0001792789-26-000013
0001792789
营收与利润率
DoorDash 在 2025 财年 营收为 $13.7B，同比增长 27.9%。
净利润与每股收益
亏损期间以红色显示。
资本回报率
税后营业利润占投入业务资金(债务加股东权益减现金)的比例。
现金流
2025 财年 的自由现金流为 $2.2B，占营收的 15.9%。 经营现金流减资本支出。
股息、回购与股数
DoorDash 在 2025 财年 向股东返还 $0.0M，占自由现金流的 0%。 稀释股数增加 2.2%。
自己评估 DoorDash
调整假设，查看对应的每股价值。这些是模型，不是预测或目标价，结果完全取决于你的输入。
现金流折现
每股价值
—
加上净现金 $2.8B，再除以 439.7M 稀释股数。十年现金流加终值，折现至今天。
盈利倍数
每股价值
—
参考倍数：当前 93.9x · 同业 21.8x · 板块 17.7x。
资产负债表
现金、债务以及显示 DoorDash 承担债务能力的指标。
| 财年末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 现金及短期投资 | $3.8B | $3.5B | $4.1B | $5.3B | $5.5B |
| 债务(含融资租赁) | $0.0M | $0.0M | $0.0M | $0.0M | $2.7B |
| 净债务 / EBITDA | — | — | — | −10.2x | −1.9x |
| 债务 / 股东权益 | 0.0x | 0.0x | 0.0x | 0.0x | 0.3x |
| 利息保障倍数 | −32.3x | −562.0x | — | — | — |
| 流动比率 | 2.6x | 1.9x | 1.6x | 1.7x | 1.4x |
| 速动比率 | 2.6x | 1.9x | 1.6x | 1.7x | 1.4x |
| 总资产 | $6.8B | $9.8B | $10.8B | $12.8B | $19.7B |
| 总负债 | $2.1B | $3.0B | $4.0B | $5.0B | $9.6B |
| 股东权益 | $4.7B | $6.8B | $6.8B | $7.8B | $10.0B |
| 净债务 (− = 净现金) | −$3.8B | −$3.5B | −$4.1B | −$5.3B | −$2.8B |
内部人交易
高管、董事和持股超过 10% 的股东在公开市场的买卖，数据来自 Form 4 申报。“计划”表示依据事先制定的 Rule 10b5-1 计划进行的交易。
买入(12 个月)
$0.0M
0 名内部人士
卖出(12 个月)
$38.6M
7 名内部人士
卖出中按计划执行的比例
100%
$38.6M
| 日期 | 内部人士 | 交易 | 股数 | 股价 | 金额 | 文件 |
|---|---|---|---|---|---|---|
| 2026年10月12日 | Ravi InukondaChief Financial Officer | 卖出 计划 | 1,017 | $195.00 | $0.2M | Form 4 |
| 2026年10月2日 | Stanley TangDirector | 卖出 计划 | 23,125 | $186.19 | $4.3M | Form 4 |
| 2026年10月1日 | Andy FangDirector | 卖出 计划 | 5,000 | $183.69 | $0.9M | Form 4 |
| 2026年10月1日 | Keith YandellInternational COO | 卖出 计划 | 2,183 | $183.69 | $0.4M | Form 4 |
| 2026年9月28日 | Prabir AdarkarPresident and COO | 卖出 计划 | 8,738 | $180.85 | $1.6M | Form 4 |
| 2026年9月17日 | Keith YandellChief Business Officer | 卖出 计划 | 2,184 | $200.76 | $0.4M | Form 4 |
| 2026年9月4日 | Gordon S LeeChief Accounting Officer | 卖出 计划 | 413 | $221.50 | $0.1M | Form 4 |
| 2026年9月2日 | Stanley TangDirector | 卖出 计划 | 30,835 | $225.98 | $7.0M | Form 4 |
| 2026年9月1日 | Andy FangDirector | 卖出 计划 | 15,000 | $228.31 | $3.4M | Form 4 |
| 2026年9月1日 | Ravi InukondaChief Financial Officer | 卖出 计划 | 16,044 | $228.54 | $3.7M | Form 4 |
| 2026年9月1日 | Tony XuChief Executive Officer, Director, 10% owner | 卖出 计划 | 16,667 | $230.00 | $3.8M | Form 4 |
| 2026年8月25日 | Prabir AdarkarPresident and COO | 卖出 计划 | 55,289 | $231.76 | $12.8M | Form 4 |
Piotroski F 分数
关于盈利能力、融资和效率的九项通过/未通过测试。8–9 为强，0–2 为弱。
| 测试项 | FY23 | FY24 | FY25 |
|---|---|---|---|
| 净利润为正 | ✕ | ✓ | ✓ |
| 经营现金流为正 | ✓ | ✓ | ✓ |
| 资产回报率上升 | ✓ | ✓ | ✓ |
| 经营现金流高于净利润 | ✓ | ✓ | ✓ |
| 债务相对资产下降 | ✕ | ✕ | ✕ |
| 流动比率上升 | ✕ | ✓ | ✕ |
| 股数未增加 | ✕ | ✕ | ✕ |
| 毛利率上升 | — | — | — |
| 营收相对资产上升 | ✕ | ✓ | ✓ |
| F 分数 | 3 / 8 | 6 / 8 | 5 / 8 |
| 应计比率 | −21.6% | −17.0% | −9.2% |
| Altman Z'' | 1.19 | 1.78 | 1.46 |
相似公司
各公司最近一个财年的数据。各公司财年结束月份不同，因此期间并不完全一致。
| 公司 | 市值 | 增长 | 营业利润率 | 自由现金流利润率 | ROIC | 市盈率 | F 分数 | |
|---|---|---|---|---|---|---|---|---|
| DoorDash DASH | $78.8B | 27.9% | 5.3% | 15.9% | 14.8% | 93.9x | 5 | |
| ADT ADT | — | 4.7% | 25.5% | 33.3% | 8.2% | — | — | 比较 → |
| Service Corp Intl SCI | $11.5B | 2.9% | 22.7% | 12.9% | 11.3% | 21.8x | 7 | 比较 → |
| H&R Block HRB | $6.4B | 4.9% | — | 19.2% | 129.0% | — | 8 | 比较 → |
| Bright Horizons Family Solutions BFAM | $3.7B | 9.2% | 10.7% | 8.8% | 11.2% | 22.5x | 8 | 比较 → |
8 年数据
金额单位为 USD。将鼠标悬停在指标名称上可查看定义。
| 财年 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||
| 营收 | $291M | $885M | $2.9B | $4.9B | $6.6B | $8.6B | $10.7B | $13.7B |
| 研发支出 | $51.0M | $107M | $321M | $430M | $829M | $1.0B | $1.2B | $1.4B |
| 营业利润 | −$210M | −$616M | −$436M | −$452M | −$1.1B | −$579M | −$38.0M | $723M |
| 利息支出 | $1.0M | $0.0M | $32.0M | $14.0M | $2.0M | $0.0M | — | — |
| 税前利润 | −$204M | −$666M | −$458M | −$463M | −$1.4B | −$534M | $156M | $939M |
| 所得税 | $0.0M | $1.0M | $3.0M | $5.0M | −$31.0M | $31.0M | $39.0M | $7.0M |
| 净利润 | −$204M | −$667M | −$461M | −$468M | −$1.4B | −$558M | $123M | $935M |
| 稀释每股收益 | −$4.67 | −$15.44 | −$7.39 | −$1.39 | −$3.68 | −$1.42 | $0.29 | $2.13 |
| 稀释股数 | 0.04B | 0.04B | 0.06B | 0.34B | 0.37B | 0.39B | 0.43B | 0.44B |
| 现金流 | ||||||||
| 经营现金流 | −$159M | −$467M | $252M | $692M | $367M | $1.7B | $2.1B | $2.4B |
| 资本支出 | $13.0M | $78.0M | $106M | $129M | $176M | $123M | $104M | $257M |
| 自由现金流 | −$172M | −$545M | $146M | $563M | $191M | $1.6B | $2.0B | $2.2B |
| 折旧与摊销 | $9.0M | $32.0M | $120M | $156M | $369M | $509M | $561M | $747M |
| 股权激励 | $24.0M | $18.0M | $322M | $486M | $889M | $1.1B | $1.1B | $1.1B |
| 收购 | $0.0M | $315M | $28.0M | $0.0M | $71.0M | $0.0M | $0.0M | $4.2B |
| 股票回购 | $60.0M | $0.0M | $0.0M | $0.0M | $400M | $750M | $224M | $0.0M |
| 已付股息 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 股息与回购 | $60.0M | $0.0M | $0.0M | $0.0M | $400M | $750M | $224M | $0.0M |
| 资产负债表 | ||||||||
| 现金及短期投资 | $215M | $765M | $4.9B | $3.8B | $3.5B | $4.1B | $5.3B | $5.5B |
| 总债务 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $2.7B |
| 融资租赁负债 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 流动资产 | — | $998M | $5.5B | $4.6B | $4.7B | $5.6B | $7.4B | $8.6B |
| 流动负债 | — | $382M | $1.4B | $1.8B | $2.5B | $3.4B | $4.4B | $6.1B |
| 存货 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 固定资产净额 | — | $101M | $210M | $402M | $637M | $712M | $778M | $1.1B |
| 总资产 | — | $1.7B | $6.4B | $6.8B | $9.8B | $10.8B | $12.8B | $19.7B |
| 总负债 | — | $550M | $1.7B | $2.1B | $3.0B | $4.0B | $5.0B | $9.6B |
| 股东权益 | −$436M | −$1.1B | $4.7B | $4.7B | $6.8B | $6.8B | $7.8B | $10.0B |
| 利润率 | ||||||||
| 营业利润率 | −72.2% | −69.6% | −15.1% | −9.3% | −17.1% | −6.7% | −0.4% | 5.3% |
| EBITDA 利润率 | −69.1% | −66.0% | −11.0% | −6.1% | −11.5% | −0.8% | 4.9% | 10.7% |
| 净利率 | −70.1% | −75.4% | −16.0% | −9.6% | −20.7% | −6.5% | 1.2% | 6.8% |
| 自由现金流利润率 | −59.1% | −61.6% | 5.1% | 11.5% | 2.9% | 18.0% | 18.9% | 15.9% |
| 回报率 | ||||||||
| 资本回报率 | — | — | — | — | −42.9% | −15.4% | −1.1% | 14.8% |
| 已动用资本回报率 | — | — | −13.8% | −9.0% | −18.3% | −7.9% | −0.5% | 6.6% |
| 股本回报率 | — | — | −25.5% | −10.0% | −23.9% | −8.2% | 1.7% | 10.5% |
| 资产回报率 | — | — | −11.4% | −7.1% | −16.5% | −5.4% | 1.0% | 5.8% |
| 增长 | ||||||||
| 营收增长 | — | 204.1% | 226.1% | 69.4% | 34.7% | 31.2% | 24.2% | 27.9% |
| 净利润增长 | — | — | — | — | — | — | — | 660.2% |
| 每股收益增长 | — | — | — | — | — | — | — | 634.5% |
| 自由现金流增长 | — | — | — | 285.6% | −66.1% | 711.5% | 30.8% | 7.2% |
| 股数变化 | — | −2.4% | 44.3% | 439.9% | 10.3% | 5.8% | 9.5% | 2.2% |
| 财务健康 | ||||||||
| 净债务 / EBITDA | — | — | — | — | — | — | −10.2x | −1.9x |
| 债务 / 股东权益 | — | — | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x | 0.3x |
| 利息保障倍数 | −210.0x | — | −13.6x | −32.3x | −562.0x | — | — | — |
| 流动比率 | — | 2.6x | 3.9x | 2.6x | 1.9x | 1.6x | 1.7x | 1.4x |
| 速动比率 | — | 2.6x | 3.9x | 2.6x | 1.9x | 1.6x | 1.7x | 1.4x |
| 资本配置 | ||||||||
| 资本支出 / 营收 | 4.5% | 8.8% | 3.7% | 2.6% | 2.7% | 1.4% | 1.0% | 1.9% |
| 股权激励 / 营收 | 8.3% | 2.0% | 11.2% | 9.9% | 13.5% | 12.6% | 10.3% | 7.7% |
| 股东回报 / 自由现金流 | — | — | 0.0% | 0.0% | 209.4% | 48.4% | 11.1% | 0.0% |
| 质量评分 | ||||||||
| Piotroski F 分数 | — | — | — | 3.0 | 3.0 | 3.0 | 6.0 | 5.0 |
| Altman Z'' | — | −4.3 | 6.0 | 3.6 | 1.8 | 1.2 | 1.8 | 1.5 |
| 应计比率 | — | — | −17.6% | −17.6% | −20.9% | −21.6% | −17.0% | −9.2% |
来源：SEC EDGAR XBRL 文件 (CIK 0001792789). 数据更新于 2026年10月9日。 第四季度数据为全年减去前九个月。 仅供参考，不构成投资建议。依赖任何数字前，请核对原始文件。