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ARKO Corp.（ARKO）与Maplebear Inc.（CART）财务数据对比。点击上方公司名可切换其他公司
ARKO Corp.的季度营收约是Maplebear Inc.的1.8倍（$1.8B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 0.1%，领先8.1%），Maplebear Inc.同比增速更快（12.3% vs -9.9%），Maplebear Inc.自由现金流更多（$171.0M vs $14.9M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -7.0%）
ARKO Corp.是美国知名的便利店与燃油零售运营商，业务覆盖美国多个州，面向消费者销售生鲜食品、饮品、日用必需品等商品，同时提供燃油零售及面向商业合作伙伴的批发配送服务。
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。
ARKO vs CART — 直观对比
营收规模更大
ARKO
是对方的1.8倍
$992.0M
营收增速更快
CART
高出22.3%
-9.9%
净利率更高
CART
高出8.1%
0.1%
自由现金流更多
CART
多$156.1M
$14.9M
两年增速更快
CART
近两年复合增速
-7.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $992.0M |
| 净利润 | $1.9M | $81.0M |
| 毛利率 | — | 72.3% |
| 营业利润率 | 1.2% | 9.9% |
| 净利率 | 0.1% | 8.2% |
| 营收同比 | -9.9% | 12.3% |
| 净利润同比 | 180.9% | -45.3% |
| 每股收益（稀释后） | $0.01 | $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ARKOCART
| Q4 25 | $1.8B | $992.0M | ||
| Q3 25 | $2.0B | $939.0M | ||
| Q2 25 | $2.0B | $914.0M | ||
| Q1 25 | $1.8B | $897.0M | ||
| Q4 24 | $2.0B | $883.0M | ||
| Q3 24 | $2.3B | $852.0M | ||
| Q2 24 | $2.4B | $823.0M | ||
| Q1 24 | $2.1B | $820.0M |
净利润ARKOCART
| Q4 25 | $1.9M | $81.0M | ||
| Q3 25 | $13.5M | $144.0M | ||
| Q2 25 | $20.1M | $116.0M | ||
| Q1 25 | $-12.7M | $106.0M | ||
| Q4 24 | $-2.3M | $148.0M | ||
| Q3 24 | $9.7M | $118.0M | ||
| Q2 24 | $14.1M | $61.0M | ||
| Q1 24 | $-594.0K | $130.0M |
毛利率ARKOCART
| Q4 25 | — | 72.3% | ||
| Q3 25 | — | 73.7% | ||
| Q2 25 | — | 74.2% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.2% | ||
| Q2 24 | — | 75.7% | ||
| Q1 24 | — | 74.9% |
营业利润率ARKOCART
| Q4 25 | 1.2% | 9.9% | ||
| Q3 25 | 1.8% | 17.7% | ||
| Q2 25 | 2.8% | 13.6% | ||
| Q1 25 | -0.6% | 12.3% | ||
| Q4 24 | 0.7% | 17.6% | ||
| Q3 24 | 1.8% | 16.2% | ||
| Q2 24 | 1.8% | 6.3% | ||
| Q1 24 | -0.2% | 17.6% |
净利率ARKOCART
| Q4 25 | 0.1% | 8.2% | ||
| Q3 25 | 0.7% | 15.3% | ||
| Q2 25 | 1.0% | 12.7% | ||
| Q1 25 | -0.7% | 11.8% | ||
| Q4 24 | -0.1% | 16.8% | ||
| Q3 24 | 0.4% | 13.8% | ||
| Q2 24 | 0.6% | 7.4% | ||
| Q1 24 | -0.0% | 15.9% |
每股收益（稀释后）ARKOCART
| Q4 25 | $0.01 | $0.31 | ||
| Q3 25 | $0.10 | $0.51 | ||
| Q2 25 | $0.16 | $0.41 | ||
| Q1 25 | $-0.12 | $0.37 | ||
| Q4 24 | $-0.03 | $0.53 | ||
| Q3 24 | $0.07 | $0.42 | ||
| Q2 24 | $0.11 | $0.20 | ||
| Q1 24 | $-0.02 | $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 | $311.5M | $687.0M |
| 总债务越低越好 | $912.1M | — |
| 股东权益账面价值 | $267.2M | $2.5B |
| 总资产 | $3.5B | $3.7B |
| 负债/权益比越低杠杆越低 | 3.41× | — |
8季度趋势，按日历期对齐
现金及短期投资ARKOCART
| Q4 25 | $311.5M | $687.0M | ||
| Q3 25 | $313.2M | $1.7B | ||
| Q2 25 | $299.7M | $1.6B | ||
| Q1 25 | $271.1M | $1.6B | ||
| Q4 24 | $267.1M | $1.4B | ||
| Q3 24 | $296.8M | $1.3B | ||
| Q2 24 | $236.5M | $1.4B | ||
| Q1 24 | $189.1M | $1.5B |
总债务ARKOCART
| Q4 25 | $912.1M | — | ||
| Q3 25 | $911.6M | — | ||
| Q2 25 | $916.4M | — | ||
| Q1 25 | $880.1M | — | ||
| Q4 24 | $881.0M | — | ||
| Q3 24 | $884.7M | — | ||
| Q2 24 | $889.9M | — | ||
| Q1 24 | $885.0M | — |
股东权益ARKOCART
| Q4 25 | $267.2M | $2.5B | ||
| Q3 25 | $273.1M | $3.5B | ||
| Q2 25 | $264.8M | $3.3B | ||
| Q1 25 | $255.2M | $3.2B | ||
| Q4 24 | $276.9M | $3.1B | ||
| Q3 24 | $280.0M | $2.9B | ||
| Q2 24 | $273.1M | $3.0B | ||
| Q1 24 | $261.2M | $3.1B |
总资产ARKOCART
| Q4 25 | $3.5B | $3.7B | ||
| Q3 25 | $3.6B | $4.5B | ||
| Q2 25 | $3.6B | $4.4B | ||
| Q1 25 | $3.6B | $4.3B | ||
| Q4 24 | $3.6B | $4.1B | ||
| Q3 24 | $3.7B | $3.9B | ||
| Q2 24 | $3.7B | $4.0B | ||
| Q1 24 | $3.6B | $4.1B |
负债/权益比ARKOCART
| Q4 25 | 3.41× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 3.46× | — | ||
| Q1 25 | 3.45× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 3.16× | — | ||
| Q2 24 | 3.26× | — | ||
| Q1 24 | 3.39× | — |
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 | $44.6M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | $171.0M |
| 自由现金流率自由现金流/营收 | 0.8% | 17.2% |
| 资本支出强度资本支出/营收 | 1.7% | 1.2% |
| 现金转化率经营现金流/净利润 | 23.98× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $65.3M | $910.0M |
8季度趋势，按日历期对齐
经营现金流ARKOCART
| Q4 25 | $44.6M | $183.0M | ||
| Q3 25 | $49.4M | $287.0M | ||
| Q2 25 | $55.2M | $203.0M | ||
| Q1 25 | $43.4M | $298.0M | ||
| Q4 24 | $22.7M | $153.0M | ||
| Q3 24 | $109.2M | $185.0M | ||
| Q2 24 | $77.2M | $244.0M | ||
| Q1 24 | $12.8M | $105.0M |
自由现金流ARKOCART
| Q4 25 | $14.9M | $171.0M | ||
| Q3 25 | $24.5M | $272.0M | ||
| Q2 25 | $9.8M | $187.0M | ||
| Q1 25 | $16.0M | $280.0M | ||
| Q4 24 | $-13.4M | $141.0M | ||
| Q3 24 | $79.9M | $171.0M | ||
| Q2 24 | $57.9M | $220.0M | ||
| Q1 24 | $-16.5M | $91.0M |
自由现金流率ARKOCART
| Q4 25 | 0.8% | 17.2% | ||
| Q3 25 | 1.2% | 29.0% | ||
| Q2 25 | 0.5% | 20.5% | ||
| Q1 25 | 0.9% | 31.2% | ||
| Q4 24 | -0.7% | 16.0% | ||
| Q3 24 | 3.5% | 20.1% | ||
| Q2 24 | 2.4% | 26.7% | ||
| Q1 24 | -0.8% | 11.1% |
资本支出强度ARKOCART
| Q4 25 | 1.7% | 1.2% | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | 1.5% | 2.0% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.3% | 1.6% | ||
| Q2 24 | 0.8% | 2.9% | ||
| Q1 24 | 1.4% | 1.7% |
现金转化率ARKOCART
| Q4 25 | 23.98× | 2.26× | ||
| Q3 25 | 3.67× | 1.99× | ||
| Q2 25 | 2.75× | 1.75× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | 11.28× | 1.57× | ||
| Q2 24 | 5.49× | 4.00× | ||
| Q1 24 | — | 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
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
