作者 | Tniniuo 编辑 | Sette 从京东目前整体表现来看，这帮人其实不懂外卖。 前几天刘强东一段内部讲话被曝出来。 | Company (or segment) | | | | Adj. EBITDA as a % of GTV | | | | --- | --- | --- | --- | --- | --- | --- | | | | 2024E | | 2025E | 2026E | 2027E | | Deliveroo | 卢卢送 | 1.8% | | 2.2% | 2.7% | 2.7% | | Delivery Hero | 快递英雄 | 1.5% | 全球平 | 2.3% | 2.5% | 2.7% | | DoorDash | | 2.4% | 净利率 | 2.9% | 3.4% | 3.7% | | Just Eat Takeaway | | 1.7% | 2.2% | 2.1% | 2.3% | 2.3% | | Zomato | | 2.1% | | 2.8% | 3.6% | 4.1% | | Grab (Deliveries) | | 1.6% | | 23% | 3 ...