vs
美国鹰（AEO）与Maplebear Inc.（CART）财务数据对比。点击上方公司名可切换其他公司
美国鹰的季度营收约是Maplebear Inc.的1.4倍（$1.4B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 6.7%，领先1.5%），Maplebear Inc.同比增速更快（12.3% vs 5.7%），Maplebear Inc.自由现金流更多（$171.0M vs $-2.5M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 2.3%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
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。
AEO vs CART — 直观对比
营收规模更大
AEO
是对方的1.4倍
$992.0M
营收增速更快
CART
高出6.6%
5.7%
净利率更高
CART
高出1.5%
6.7%
自由现金流更多
CART
多$173.5M
$-2.5M
两年增速更快
CART
近两年复合增速
2.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $992.0M |
| 净利润 | $91.3M | $81.0M |
| 毛利率 | 40.5% | 72.3% |
| 营业利润率 | 8.3% | 9.9% |
| 净利率 | 6.7% | 8.2% |
| 营收同比 | 5.7% | 12.3% |
| 净利润同比 | 14.2% | -45.3% |
| 每股收益（稀释后） | $0.53 | $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AEOCART
| Q4 25 | $1.4B | $992.0M | ||
| Q3 25 | $1.3B | $939.0M | ||
| Q2 25 | $1.1B | $914.0M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | $1.3B | $883.0M | ||
| Q3 24 | $1.3B | $852.0M | ||
| Q2 24 | $1.1B | $823.0M | ||
| Q1 24 | $1.7B | $820.0M |
净利润AEOCART
| Q4 25 | $91.3M | $81.0M | ||
| Q3 25 | $77.6M | $144.0M | ||
| Q2 25 | $-64.9M | $116.0M | ||
| Q1 25 | — | $106.0M | ||
| Q4 24 | $80.0M | $148.0M | ||
| Q3 24 | $77.3M | $118.0M | ||
| Q2 24 | $67.8M | $61.0M | ||
| Q1 24 | $6.3M | $130.0M |
毛利率AEOCART
| Q4 25 | 40.5% | 72.3% | ||
| Q3 25 | 38.9% | 73.7% | ||
| Q2 25 | 29.6% | 74.2% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | 40.9% | 75.2% | ||
| Q3 24 | 38.6% | 75.2% | ||
| Q2 24 | 40.6% | 75.7% | ||
| Q1 24 | 36.6% | 74.9% |
营业利润率AEOCART
| Q4 25 | 8.3% | 9.9% | ||
| Q3 25 | 8.0% | 17.7% | ||
| Q2 25 | -7.8% | 13.6% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | 8.2% | 17.6% | ||
| Q3 24 | 7.8% | 16.2% | ||
| Q2 24 | 6.8% | 6.3% | ||
| Q1 24 | 0.6% | 17.6% |
净利率AEOCART
| Q4 25 | 6.7% | 8.2% | ||
| Q3 25 | 6.0% | 15.3% | ||
| Q2 25 | -6.0% | 12.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | 6.2% | 16.8% | ||
| Q3 24 | 6.0% | 13.8% | ||
| Q2 24 | 5.9% | 7.4% | ||
| Q1 24 | 0.4% | 15.9% |
每股收益（稀释后）AEOCART
| Q4 25 | $0.53 | $0.31 | ||
| Q3 25 | $0.45 | $0.51 | ||
| Q2 25 | $-0.36 | $0.41 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | $0.41 | $0.53 | ||
| Q3 24 | $0.39 | $0.42 | ||
| Q2 24 | $0.34 | $0.20 | ||
| Q1 24 | $0.03 | $0.43 |
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 | $112.8M | $687.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $2.5B |
| 总资产 | $4.2B | $3.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AEOCART
| Q4 25 | $112.8M | $687.0M | ||
| Q3 25 | $126.8M | $1.7B | ||
| Q2 25 | $87.9M | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $160.2M | $1.4B | ||
| Q3 24 | $191.8M | $1.3B | ||
| Q2 24 | $300.5M | $1.4B | ||
| Q1 24 | $454.1M | $1.5B |
总债务AEOCART
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOCART
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.5B | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.7B | $2.9B | ||
| Q2 24 | $1.8B | $3.0B | ||
| Q1 24 | $1.7B | $3.1B |
总资产AEOCART
| Q4 25 | $4.2B | $3.7B | ||
| Q3 25 | $4.1B | $4.5B | ||
| Q2 25 | $3.8B | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $3.7B | $4.1B | ||
| Q3 24 | $3.5B | $3.9B | ||
| Q2 24 | $3.6B | $4.0B | ||
| Q1 24 | $3.6B | $4.1B |
负债/权益比AEOCART
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $67.1M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $171.0M |
| 自由现金流率自由现金流/营收 | -0.2% | 17.2% |
| 资本支出强度资本支出/营收 | 5.1% | 1.2% |
| 现金转化率经营现金流/净利润 | 0.74× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $910.0M |
8季度趋势，按日历期对齐
经营现金流AEOCART
| Q4 25 | $67.1M | $183.0M | ||
| Q3 25 | $27.8M | $287.0M | ||
| Q2 25 | $-54.7M | $203.0M | ||
| Q1 25 | — | $298.0M | ||
| Q4 24 | $52.9M | $153.0M | ||
| Q3 24 | $78.3M | $185.0M | ||
| Q2 24 | $-38.1M | $244.0M | ||
| Q1 24 | $296.4M | $105.0M |
自由现金流AEOCART
| Q4 25 | $-2.5M | $171.0M | ||
| Q3 25 | $-43.1M | $272.0M | ||
| Q2 25 | $-116.3M | $187.0M | ||
| Q1 25 | — | $280.0M | ||
| Q4 24 | $-7.8M | $141.0M | ||
| Q3 24 | $17.5M | $171.0M | ||
| Q2 24 | $-74.3M | $220.0M | ||
| Q1 24 | $256.8M | $91.0M |
自由现金流率AEOCART
| Q4 25 | -0.2% | 17.2% | ||
| Q3 25 | -3.4% | 29.0% | ||
| Q2 25 | -10.7% | 20.5% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | -0.6% | 16.0% | ||
| Q3 24 | 1.4% | 20.1% | ||
| Q2 24 | -6.5% | 26.7% | ||
| Q1 24 | 15.3% | 11.1% |
资本支出强度AEOCART
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 5.5% | 1.6% | ||
| Q2 25 | 5.7% | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 4.7% | 1.4% | ||
| Q3 24 | 4.7% | 1.6% | ||
| Q2 24 | 3.2% | 2.9% | ||
| Q1 24 | 2.4% | 1.7% |
现金转化率AEOCART
| Q4 25 | 0.74× | 2.26× | ||
| Q3 25 | 0.36× | 1.99× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | 0.66× | 1.03× | ||
| Q3 24 | 1.01× | 1.57× | ||
| Q2 24 | -0.56× | 4.00× | ||
| Q1 24 | 46.93× | 0.81× |
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
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
