DoorDash (DASH)财务
NASDAQ · Communication Services · Internet Content & Information · 员工31,400人 · CEO Tony Xu
- 股价
- $178.99 -0.01%
- 市值
- $776亿
- 企业价值
- $758亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-02-17 EPS预期 $0.82
营收(TTM)$171亿+35.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)7.0%+1.5 百分点 对比去年同期营业利润 $11.9亿
净利润(TTM)$10.6亿+23.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$24.6亿+23.5% 对比去年同期资本支出 $4.92亿
稀释EPS(TTM)$2.42+23.1% 对比去年同期最近4个季度之和
净现金$26.8亿+172.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $776亿 EV $758亿
- 营收
- $171亿 过去12个月
- 营收增速
- +31% FY2026年一致预期
- 净利润率
- 6.2% 净利润 / 营收,TTM
- P/E
- 73.4× 预期 64.9×(FY2026)
- P/S
- 4.5× 股价 / 营收,TTM
- EV / EBITDA
- 33.7× TTM
- 自由现金流
- $24.6亿 过去12个月
- 净利润
- $10.6亿 过去12个月
- 营收预期
- $179亿 FY2026年一致预期
- 盈利
- 2027-02-17 营收预期 $48.3亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-29):营收超预期1.2%,EPS 超预期30.7%营收$46.2亿,预期$45.6亿(+1.2%);EPS $1.06,预期$0.81(+30.7%)。
- 营收增长平稳:同比34.0%Q3 '26营收$46.2亿,此前四个季度的平均值为33.4%。
- 营业利润率7.0%(TTM),较去年同期+1.5 百分点营收增长35.0%,营业利润增长71.9%。
- 资本支出占营收的2.9%(去年为4.2%)最近4个季度投入$4.92亿(同比-8.2%)。自由现金流$24.6亿,相当于净利润的231.7%。
- 股东回报$10.5亿 = 自由现金流的42.6%回购$10.5亿(去年为$0),股息$0,股权激励$11.2亿(TTM)。
- 稀释股数一年内减少0.3%Q3 '26稀释股数4.4亿,一年前为4.42亿。
- 净现金 $26.8亿现金 + 短期投资 $59.8亿,含租赁债务 $33亿;一年前净现金 $9.86亿。
- Reportable Segment:营收+34.0%,利润率9.6%(此前为7.5%)Q3 '26增长最快的披露分部:营收$46.2亿,营业利润$4.42亿(来自财报的分部附注)。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $46.2亿 | $34.5亿 | +34.0% |
| 毛利率 | 53.0% | 51.0% | +1.9 百分点 |
| 营业利润 | $4.42亿 | $2.58亿 | +71.3% |
| 营业利润率 | 9.6% | 7.5% | +2.1 百分点 |
| 净利润 | $4.66亿 | $2.44亿 | +91.0% |
| 稀释EPS | $1.06 | $0.55 | +92.7% |
| 经营现金流 | $9.94亿 | $8.71亿 | +14.1% |
| 资本支出 | $2.07亿 | $1.48亿 | +39.9% |
| 自由现金流 | $7.87亿 | $7.23亿 | +8.9% |
| R&D | $4.99亿 | $3.55亿 | +40.6% |
| 股权激励费用 | $2.67亿 | $2.58亿 | +3.5% |
实际 vs 一致预期
2026-10-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $46.2亿 | $45.6亿 | +1.2% |
| EPS(一致预期口径) | $1.06 | $0.81 | +30.7% |
来自2026-10-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Reportable Segment | $46.2亿 | +34.0% | 100.0% | $171亿 | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $36.2亿 | +23.7% | 78.4% | $132亿 | +21.2% | |
| Non-US | $9.97亿 | +91.7% | 21.6% | $38.3亿 | +122.5% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $46.2亿 | +34.0% | $4.42亿 | +71.3% | 9.6% | 7.5% | $8.96亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $29.5亿
- 资本支出
- -$4.92亿
- 股票回购
- -$10.5亿
- 股息
- $0
- 收购
- -$30.1亿
- 债务净发行
- $0
- 股权激励费用
- $11.2亿
- 自由现金流
- $24.6亿
- 股东回报 / FCF
- 42.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 73.4× | 331.3× 5年中的2年 | 103.4× – 559.2× |
| EV / EBITDA | 33.7× | 74.0× 5年中的2年 | 56.6× – 91.4× |
| EV / 营收 | 4.4× | 5.9× | 2.5× – 9.8× |
| 股价 / FCF | 31.5× | 217.1× | 28.8× – 863.4× |
| 股价 / 净资产 | 7.3× | 7.5× | 2.7× – 10.7× |
| FCF收益率 | 3.2% | 1.9% | 0.1% – 3.5% |
| 投入资本回报率 | 8.0% | -5.3% | -15.1% – 5.3% |
| 净资产收益率 | 10.4% | -5.5% | -20.2% – 9.3% |
分析师
一致目标价 $247.59 (+38.3%)
区间 $190.00 – $350.00 · 评级 Buy
强烈买入1
买入30
持有10
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $179亿 | +30.8% | $2.76 | +29.5% | 64.9× | 26 |
| FY2027 | $217亿 | +21.0% | $4.78 | +73.2% | 37.5× | 27 |
| FY2028 | $258亿 | +18.8% | $7.23 | +51.3% | 24.8× | 23 |
| FY2029 | $310亿 | +20.2% | $11.12 | +53.8% | 16.1× | 10 |
| FY2030 | $362亿 | +16.7% | $14.79 | +33.0% | 12.1× | 10 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
DoorDash, Inc.在近期10-Q / 10-K文件中标记的全部234项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $3.33亿 | $2.57亿 | +29.6% | $3.97亿 | $3.21亿 | +23.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $12.1亿 | $8.94亿 | +35.6% | $11.1亿 | $7.32亿 | +51.4% |
| Accounts Receivable, Allowance for Credit Loss | $5900万 | $4100万 | +43.9% | $4500万 | $2200万 | +104.5% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1600万 | $1500万 | +6.7% | $3700万 | $1500万 | +146.7% |
| Accrued Advertising, Current | $1.92亿 | $1.66亿 | +15.7% | $1.7亿 | $1.42亿 | +19.7% |
| Accrued Employee Benefits | $3.04亿 | – | – | – | – | – |
| Accrued Liabilities, Current | $59.5亿 | $47.9亿 | +24.2% | $56.5亿 | $40.5亿 | +39.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $9700万 | $2.68亿 | -63.8% | $2.61亿 | -$1.07亿 | +343.9% |
| Additional Paid in Capital | $151亿 | $138亿 | +10.0% | $141亿 | $132亿 | +7.0% |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $3.41亿 | – | – |
| Advertising Expense | – | – | – | $16亿 | $13亿 | +23.1% |
| Amortization of Intangible Assets | $1.13亿 | $3600万 | +213.9% | $2.12亿 | $1.25亿 | +69.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2930万 | 2880万 | +1.6% | 2140万 | 1090万 | +96.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $3.32亿 | $3.07亿 | +8.1% | $12.5亿 | $12.6亿 | -1.4% |
| Assets | $206亿 | $180亿 | +14.5% | $197亿 | $128亿 | +53.0% |
| Assets, Current | $93.6亿 | $105亿 | -10.8% | $86.4亿 | $73.9亿 | +17.0% |
| Assets, Fair Value Disclosure | $53.6亿 | – | – | $37.7亿 | $44.5亿 | -15.2% |
| Capital Expenditures Incurred but Not yet Paid | -$1600万 | $500万 | -420.0% | $4100万 | $4800万 | -14.6% |
| Capitalized Computer Software, Additions | $1.76亿2026-03-31 | $1.14亿 | +54.4% | $5.56亿 | $3.86亿 | +44.0% |
| Capitalized Computer Software, Amortization | $1.12亿2026-03-31 | $8700万 | +28.7% | $3.7亿 | $3.18亿 | +16.4% |
| Capitalized Contract Cost, Amortization | $2200万 | $1900万 | +15.8% | $7700万 | $6000万 | +28.3% |
| Capitalized Contract Cost, Net | $1.91亿 | $1.83亿 | +4.4% | $1.91亿 | $1.57亿 | +21.7% |
| Capitalized Contract Cost, Net, Current | $8100万 | $7500万 | +8.0% | $7900万 | $6400万 | +23.4% |
| Capitalized Contract Cost, Net, Noncurrent | $1.1亿 | $1.08亿 | +1.9% | $1.12亿 | $9300万 | +20.4% |
| Cash and Cash Equivalents, at Carrying Value | $50.5亿 | $32.8亿 | +54.1% | $43.8亿 | $40.2亿 | +8.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $55亿 | $74亿 | -25.7% | $46.8亿 | $42.2亿 | +10.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $6.52亿 | $6.99亿 | -6.7% | $4.6亿 | $14.5亿 | -68.3% |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 940万2025-05-31 | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 1.11亿2025-12-31 | 1.05亿 | +6.1% | 1.11亿 | 1.05亿 | +6.1% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$100万 | -$100万 | 0.0% | -$300万 | -$600万 | +50.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4.62亿 | $2.51亿 | +84.1% | $13亿 | -$5700万 | +2,386.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.61亿 | $2.5亿 | +84.4% | $13亿 | -$6300万 | +2,163.5% |
| Contract with Customer, Liability | $5.92亿 | $4.49亿 | +31.8% | $5.47亿 | $3.96亿 | +38.1% |
| Contract with Customer, Liability, Cumulative Catch-up Adjustment to Revenue, Change in Estimate of Transaction Price | – | – | – | $5800万 | $4600万 | +26.1% |
| Contract with Customer, Liability, Current | $5.82亿 | $4.49亿 | +29.6% | $5.47亿 | $3.96亿 | +38.1% |
| Contract with Customer, Liability, Revenue Recognized | $3800万 | $3600万 | +5.6% | -$2.28亿 | -$1.81亿 | -26.0% |
| Convertible Notes Payable, Noncurrent | $27.3亿 | $27.2亿 | +0.2% | $27.2亿 | $0 | – |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $21.7亿 | $16.9亿 | +28.7% | $67.4亿 | $55.4亿 | +21.6% |
| Costs and Expenses | $41.7亿 | $31.9亿 | +30.9% | $130亿 | $108亿 | +20.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $4400万 | $3800万 | +15.8% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $0 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Current | $9.29亿 | $9.64亿 | -3.6% | $11.3亿 | $13.2亿 | -14.7% |
| Debt Securities, Available-for-sale, Noncurrent | $8.05亿 | $8.49亿 | -5.2% | $8.37亿 | $8.35亿 | +0.2% |
| Deferred Costs, Current | $8100万 | $7500万 | +8.0% | $7900万 | $6400万 | +23.4% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$3700万 | $100万 | -3,800.0% |
| Deferred Tax Assets, Gross | $39.1亿2025-12-31 | $27.5亿 | +42.4% | $39.1亿 | $27.5亿 | +42.4% |
| Deferred Tax Assets, Net of Valuation Allowance | $7.11亿2025-12-31 | $3.93亿 | +80.9% | $7.11亿 | $3.93亿 | +80.9% |
| Deferred Tax Assets, Operating Loss Carryforwards | $18.4亿2025-12-31 | $8.08亿 | +127.6% | $18.4亿 | $8.08亿 | +127.6% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $31亿2025-12-31 | $18亿 | +72.2% | $31亿 | $18亿 | +72.2% |
| Deferred Tax Assets, Operating Loss Carryforwards, State and Local | $16亿2025-12-31 | $17亿 | -5.9% | $16亿 | $17亿 | -5.9% |
| Deferred Tax Assets, Other | $2.65亿2025-12-31 | $1.12亿 | +136.6% | $2.65亿 | $1.12亿 | +136.6% |
| Deferred Tax Assets, Tax Credit Carryforwards | $5.39亿2025-12-31 | $3.76亿 | +43.4% | $5.39亿 | $3.76亿 | +43.4% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $6500万2025-12-31 | $5400万 | +20.4% | $6500万 | $5400万 | +20.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $4.55亿2025-12-31 | $3.6亿 | +26.4% | $4.55亿 | $3.6亿 | +26.4% |
| Deferred Tax Assets, Valuation Allowance | $32亿2025-12-31 | $23.5亿 | +35.9% | $32亿 | $23.5亿 | +35.9% |
| Deferred Tax Liabilities, Gross | $8.52亿2025-12-31 | $3.97亿 | +114.6% | $8.52亿 | $3.97亿 | +114.6% |
| Deferred Tax Liabilities, Leasing Arrangements | $1.2亿2025-12-31 | $1.11亿 | +8.1% | $1.2亿 | $1.11亿 | +8.1% |
| Deferred Tax Liabilities, Net | $1.41亿2025-12-31 | $400万 | +3,425.0% | $1.41亿 | $400万 | +3,425.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01