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安捷伦科技（A）与Maplebear Inc.（CART）财务数据对比。点击上方公司名可切换其他公司
安捷伦科技的季度营收约是Maplebear Inc.的1.8倍（$1.8B vs $992.0M），安捷伦科技净利率更高（17.0% vs 8.2%，领先8.8%），Maplebear Inc.同比增速更快（12.3% vs 7.0%），安捷伦科技自由现金流更多（$175.0M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 6.9%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
Maplebear Inc. 以Instacart为品牌开展业务，是总部位于美国旧金山的零售媒体及配送企业，在美国和加拿大运营生鲜杂货配送与自提服务。用户可通过官网及移动应用从合作商户订购食品杂货，在法律允许的地区还可选购酒类商品，所有订单由专属采购专员负责拣选、打包并配送上门。
A vs CART — 直观对比
营收规模更大
A
是对方的1.8倍
$992.0M
营收增速更快
CART
高出5.4%
7.0%
净利率更高
A
高出8.8%
8.2%
自由现金流更多
A
多$4.0M
$171.0M
两年增速更快
CART
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $992.0M |
| 净利润 | $305.0M | $81.0M |
| 毛利率 | 52.6% | 72.3% |
| 营业利润率 | 19.6% | 9.9% |
| 净利率 | 17.0% | 8.2% |
| 营收同比 | 7.0% | 12.3% |
| 净利润同比 | -4.1% | -45.3% |
| 每股收益（稀释后） | $1.07 | $0.31 |
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ACART
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $992.0M | ||
| Q3 25 | $1.7B | $939.0M | ||
| Q2 25 | $1.7B | $914.0M | ||
| Q1 25 | $1.7B | $897.0M | ||
| Q4 24 | $1.7B | $883.0M | ||
| Q3 24 | $1.6B | $852.0M | ||
| Q2 24 | $1.6B | $823.0M |
净利润ACART
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $81.0M | ||
| Q3 25 | $336.0M | $144.0M | ||
| Q2 25 | $215.0M | $116.0M | ||
| Q1 25 | $318.0M | $106.0M | ||
| Q4 24 | $351.0M | $148.0M | ||
| Q3 24 | $282.0M | $118.0M | ||
| Q2 24 | $308.0M | $61.0M |
毛利率ACART
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | 72.3% | ||
| Q3 25 | 51.1% | 73.7% | ||
| Q2 25 | 51.9% | 74.2% | ||
| Q1 25 | 53.5% | 74.8% | ||
| Q4 24 | 53.9% | 75.2% | ||
| Q3 24 | 54.2% | 75.2% | ||
| Q2 24 | 54.4% | 75.7% |
营业利润率ACART
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 9.9% | ||
| Q3 25 | 20.7% | 17.7% | ||
| Q2 25 | 18.0% | 13.6% | ||
| Q1 25 | 22.4% | 12.3% | ||
| Q4 24 | 24.0% | 17.6% | ||
| Q3 24 | 21.1% | 16.2% | ||
| Q2 24 | 23.1% | 6.3% |
净利率ACART
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 8.2% | ||
| Q3 25 | 19.3% | 15.3% | ||
| Q2 25 | 12.9% | 12.7% | ||
| Q1 25 | 18.9% | 11.8% | ||
| Q4 24 | 20.6% | 16.8% | ||
| Q3 24 | 17.9% | 13.8% | ||
| Q2 24 | 19.6% | 7.4% |
每股收益（稀释后）ACART
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $0.31 | ||
| Q3 25 | $1.18 | $0.51 | ||
| Q2 25 | $0.75 | $0.41 | ||
| Q1 25 | $1.11 | $0.37 | ||
| Q4 24 | $1.23 | $0.53 | ||
| Q3 24 | $0.97 | $0.42 | ||
| Q2 24 | $1.05 | $0.20 |
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 | $1.8B | $687.0M |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $6.9B | $2.5B |
| 总资产 | $12.8B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资ACART
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $687.0M | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.4B |
总债务ACART
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
股东权益ACART
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $2.5B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.1B | $3.3B | ||
| Q1 25 | $6.0B | $3.2B | ||
| Q4 24 | $5.9B | $3.1B | ||
| Q3 24 | $5.9B | $2.9B | ||
| Q2 24 | $6.2B | $3.0B |
总资产ACART
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $3.7B | ||
| Q3 25 | $12.2B | $4.5B | ||
| Q2 25 | $12.2B | $4.4B | ||
| Q1 25 | $11.9B | $4.3B | ||
| Q4 24 | $11.8B | $4.1B | ||
| Q3 24 | $11.0B | $3.9B | ||
| Q2 24 | $10.9B | $4.0B |
负债/权益比ACART
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
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 | $268.0M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $171.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 17.2% |
| 资本支出强度资本支出/营收 | 5.2% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $993.0M | $910.0M |
8季度趋势，按日历期对齐
经营现金流ACART
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $183.0M | ||
| Q3 25 | $362.0M | $287.0M | ||
| Q2 25 | $221.0M | $203.0M | ||
| Q1 25 | $431.0M | $298.0M | ||
| Q4 24 | $481.0M | $153.0M | ||
| Q3 24 | $452.0M | $185.0M | ||
| Q2 24 | $333.0M | $244.0M |
自由现金流ACART
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $171.0M | ||
| Q3 25 | $259.0M | $272.0M | ||
| Q2 25 | $107.0M | $187.0M | ||
| Q1 25 | $334.0M | $280.0M | ||
| Q4 24 | $388.0M | $141.0M | ||
| Q3 24 | $360.0M | $171.0M | ||
| Q2 24 | $230.0M | $220.0M |
自由现金流率ACART
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 17.2% | ||
| Q3 25 | 14.9% | 29.0% | ||
| Q2 25 | 6.4% | 20.5% | ||
| Q1 25 | 19.9% | 31.2% | ||
| Q4 24 | 22.8% | 16.0% | ||
| Q3 24 | 22.8% | 20.1% | ||
| Q2 24 | 14.6% | 26.7% |
资本支出强度ACART
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 1.2% | ||
| Q3 25 | 5.9% | 1.6% | ||
| Q2 25 | 6.8% | 1.8% | ||
| Q1 25 | 5.8% | 2.0% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 5.8% | 1.6% | ||
| Q2 24 | 6.5% | 2.9% |
现金转化率ACART
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 2.26× | ||
| Q3 25 | 1.08× | 1.99× | ||
| Q2 25 | 1.03× | 1.75× | ||
| Q1 25 | 1.36× | 2.81× | ||
| Q4 24 | 1.37× | 1.03× | ||
| Q3 24 | 1.60× | 1.57× | ||
| Q2 24 | 1.08× | 4.00× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
