vs
亚朵集团（ATAT）与Maplebear Inc.（CART）财务数据对比。点击上方公司名可切换其他公司
Maplebear Inc.的季度营收约是亚朵集团的1.3倍（$992.0M vs $789.6M），亚朵集团净利率更高（17.6% vs 8.2%，领先9.5%），亚朵集团同比增速更快（252.5% vs 12.3%），亚朵集团自由现金流更多（$210.7M vs $171.0M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
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。
ATAT vs CART — 直观对比
营收规模更大
CART
是对方的1.3倍
$789.6M
营收增速更快
ATAT
高出240.2%
12.3%
净利率更高
ATAT
高出9.5%
8.2%
自由现金流更多
ATAT
多$39.7M
$171.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $992.0M |
| 净利润 | $139.1M | $81.0M |
| 毛利率 | — | 72.3% |
| 营业利润率 | 22.5% | 9.9% |
| 净利率 | 17.6% | 8.2% |
| 营收同比 | 252.5% | 12.3% |
| 净利润同比 | 322.2% | -45.3% |
| 每股收益（稀释后） | $0.33 | $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ATATCART
| Q4 25 | — | $992.0M | ||
| Q3 25 | $789.6M | $939.0M | ||
| Q2 25 | — | $914.0M | ||
| Q1 25 | — | $897.0M | ||
| Q4 24 | — | $883.0M | ||
| Q3 24 | $224.0M | $852.0M | ||
| Q2 24 | — | $823.0M | ||
| Q1 24 | $203.4M | $820.0M |
净利润ATATCART
| Q4 25 | — | $81.0M | ||
| Q3 25 | $139.1M | $144.0M | ||
| Q2 25 | — | $116.0M | ||
| Q1 25 | — | $106.0M | ||
| Q4 24 | — | $148.0M | ||
| Q3 24 | $33.0M | $118.0M | ||
| Q2 24 | — | $61.0M | ||
| Q1 24 | $35.6M | $130.0M |
毛利率ATATCART
| 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ATATCART
| Q4 25 | — | 9.9% | ||
| Q3 25 | 22.5% | 17.7% | ||
| Q2 25 | — | 13.6% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | 14.7% | 16.2% | ||
| Q2 24 | — | 6.3% | ||
| Q1 24 | 22.1% | 17.6% |
净利率ATATCART
| Q4 25 | — | 8.2% | ||
| Q3 25 | 17.6% | 15.3% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 14.7% | 13.8% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | 17.5% | 15.9% |
每股收益（稀释后）ATATCART
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.33 | $0.51 | ||
| Q2 25 | — | $0.41 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | $0.08 | $0.42 | ||
| Q2 24 | — | $0.20 | ||
| Q1 24 | $0.09 | $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 | $669.2M | $687.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | $2.5B |
| 总资产 | $1.1B | $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ATATCART
| Q4 25 | — | $687.0M | ||
| Q3 25 | $669.2M | $1.7B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $506.0M | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $520.7M | $1.5B |
总债务ATATCART
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
股东权益ATATCART
| Q4 25 | — | $2.5B | ||
| Q3 25 | $405.0M | $3.5B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $291.3M | $2.9B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $323.5M | $3.1B |
总资产ATATCART
| Q4 25 | — | $3.7B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $927.8M | $3.9B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | $936.3M | $4.1B |
负债/权益比ATATCART
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $216.6M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $171.0M |
| 自由现金流率自由现金流/营收 | 26.7% | 17.2% |
| 资本支出强度资本支出/营收 | 0.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.56× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $359.6M | $910.0M |
8季度趋势，按日历期对齐
经营现金流ATATCART
| Q4 25 | — | $183.0M | ||
| Q3 25 | $216.6M | $287.0M | ||
| Q2 25 | — | $203.0M | ||
| Q1 25 | — | $298.0M | ||
| Q4 24 | — | $153.0M | ||
| Q3 24 | $84.8M | $185.0M | ||
| Q2 24 | — | $244.0M | ||
| Q1 24 | $19.8M | $105.0M |
自由现金流ATATCART
| Q4 25 | — | $171.0M | ||
| Q3 25 | $210.7M | $272.0M | ||
| Q2 25 | — | $187.0M | ||
| Q1 25 | — | $280.0M | ||
| Q4 24 | — | $141.0M | ||
| Q3 24 | $83.3M | $171.0M | ||
| Q2 24 | — | $220.0M | ||
| Q1 24 | $18.1M | $91.0M |
自由现金流率ATATCART
| Q4 25 | — | 17.2% | ||
| Q3 25 | 26.7% | 29.0% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | 37.2% | 20.1% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | 8.9% | 11.1% |
资本支出强度ATATCART
| Q4 25 | — | 1.2% | ||
| Q3 25 | 0.8% | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | 0.9% | 1.7% |
现金转化率ATATCART
| Q4 25 | — | 2.26× | ||
| Q3 25 | 1.56× | 1.99× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | 2.57× | 1.57× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | 0.56× | 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
ATAT
暂无分部数据
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
