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Aveanna Healthcare Holdings, Inc.（AVAH）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Aveanna Healthcare Holdings, Inc.的1.6倍（$992.0M vs $621.9M），Maplebear Inc.净利率更高（8.2% vs 2.3%，领先5.9%），Aveanna Healthcare Holdings, Inc.同比增速更快（22.2% vs 12.3%），过去两年Aveanna Healthcare Holdings, Inc.的营收复合增速更高（14.0% vs 10.0%）
Aveanna Healthcare Holdings, Inc.是美国领先的家庭及社区医疗服务提供商，核心业务覆盖儿科家庭护理、成人个人照护、临终关怀、输液治疗等领域，通过覆盖全美的本地护理中心网络为各地患者提供服务，服务对象涵盖公共及私人付费群体。
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。
AVAH vs CART — 直观对比
营收规模更大
CART
是对方的1.6倍
$621.9M
营收增速更快
AVAH
高出9.8%
12.3%
净利率更高
CART
高出5.9%
2.3%
两年增速更快
AVAH
近两年复合增速
10.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $621.9M | $992.0M |
| 净利润 | $14.1M | $81.0M |
| 毛利率 | 32.6% | 72.3% |
| 营业利润率 | 8.6% | 9.9% |
| 净利率 | 2.3% | 8.2% |
| 营收同比 | 22.2% | 12.3% |
| 净利润同比 | 132.8% | -45.3% |
| 每股收益（稀释后） | $0.06 | $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AVAHCART
| Q4 25 | — | $992.0M | ||
| Q3 25 | $621.9M | $939.0M | ||
| Q2 25 | $589.6M | $914.0M | ||
| Q1 25 | $559.2M | $897.0M | ||
| Q4 24 | $519.9M | $883.0M | ||
| Q3 24 | $509.0M | $852.0M | ||
| Q2 24 | $505.0M | $823.0M | ||
| Q1 24 | $490.7M | $820.0M |
净利润AVAHCART
| Q4 25 | — | $81.0M | ||
| Q3 25 | $14.1M | $144.0M | ||
| Q2 25 | $27.0M | $116.0M | ||
| Q1 25 | $5.2M | $106.0M | ||
| Q4 24 | $29.2M | $148.0M | ||
| Q3 24 | $-42.8M | $118.0M | ||
| Q2 24 | $13.9M | $61.0M | ||
| Q1 24 | $-11.2M | $130.0M |
毛利率AVAHCART
| Q4 25 | — | 72.3% | ||
| Q3 25 | 32.6% | 73.7% | ||
| Q2 25 | 35.8% | 74.2% | ||
| Q1 25 | 32.8% | 74.8% | ||
| Q4 24 | 33.0% | 75.2% | ||
| Q3 24 | 31.4% | 75.2% | ||
| Q2 24 | 31.3% | 75.7% | ||
| Q1 24 | 29.7% | 74.9% |
营业利润率AVAHCART
| Q4 25 | — | 9.9% | ||
| Q3 25 | 8.6% | 17.7% | ||
| Q2 25 | 13.6% | 13.6% | ||
| Q1 25 | 9.3% | 12.3% | ||
| Q4 24 | 8.8% | 17.6% | ||
| Q3 24 | 6.7% | 16.2% | ||
| Q2 24 | 7.4% | 6.3% | ||
| Q1 24 | 4.7% | 17.6% |
净利率AVAHCART
| Q4 25 | — | 8.2% | ||
| Q3 25 | 2.3% | 15.3% | ||
| Q2 25 | 4.6% | 12.7% | ||
| Q1 25 | 0.9% | 11.8% | ||
| Q4 24 | 5.6% | 16.8% | ||
| Q3 24 | -8.4% | 13.8% | ||
| Q2 24 | 2.8% | 7.4% | ||
| Q1 24 | -2.3% | 15.9% |
每股收益（稀释后）AVAHCART
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.06 | $0.51 | ||
| Q2 25 | $0.13 | $0.41 | ||
| Q1 25 | $0.03 | $0.37 | ||
| Q4 24 | $0.15 | $0.53 | ||
| Q3 24 | $-0.22 | $0.42 | ||
| Q2 24 | $0.07 | $0.20 | ||
| Q1 24 | $-0.06 | $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 | $145.9M | $687.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $9.2M | $2.5B |
| 总资产 | $1.8B | $3.7B |
| 负债/权益比越低杠杆越低 | 141.83× | — |
8季度趋势，按日历期对齐
现金及短期投资AVAHCART
| Q4 25 | — | $687.0M | ||
| Q3 25 | $145.9M | $1.7B | ||
| Q2 25 | $100.7M | $1.6B | ||
| Q1 25 | $71.5M | $1.6B | ||
| Q4 24 | $84.3M | $1.4B | ||
| Q3 24 | $78.5M | $1.3B | ||
| Q2 24 | $47.7M | $1.4B | ||
| Q1 24 | $42.6M | $1.5B |
总债务AVAHCART
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益AVAHCART
| Q4 25 | — | $2.5B | ||
| Q3 25 | $9.2M | $3.5B | ||
| Q2 25 | $-12.0M | $3.3B | ||
| Q1 25 | $-100.1M | $3.2B | ||
| Q4 24 | $-123.6M | $3.1B | ||
| Q3 24 | $-156.4M | $2.9B | ||
| Q2 24 | $-119.0M | $3.0B | ||
| Q1 24 | $-136.3M | $3.1B |
总资产AVAHCART
| Q4 25 | — | $3.7B | ||
| Q3 25 | $1.8B | $4.5B | ||
| Q2 25 | $1.8B | $4.4B | ||
| Q1 25 | $1.7B | $4.3B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $1.6B | $3.9B | ||
| Q2 24 | $1.7B | $4.0B | ||
| Q1 24 | $1.6B | $4.1B |
负债/权益比AVAHCART
| Q4 25 | — | — | ||
| Q3 25 | 141.83× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $33.2M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | — | $171.0M |
| 自由现金流率自由现金流/营收 | — | 17.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 2.36× | 2.26× |
| 过去12个月自由现金流最近4个季度 | — | $910.0M |
8季度趋势，按日历期对齐
经营现金流AVAHCART
| Q4 25 | — | $183.0M | ||
| Q3 25 | $33.2M | $287.0M | ||
| Q2 25 | $51.6M | $203.0M | ||
| Q1 25 | $-8.6M | $298.0M | ||
| Q4 24 | $13.4M | $153.0M | ||
| Q3 24 | $29.4M | $185.0M | ||
| Q2 24 | $1.8M | $244.0M | ||
| Q1 24 | $-12.0M | $105.0M |
自由现金流AVAHCART
| Q4 25 | — | $171.0M | ||
| Q3 25 | — | $272.0M | ||
| Q2 25 | — | $187.0M | ||
| Q1 25 | — | $280.0M | ||
| Q4 24 | — | $141.0M | ||
| Q3 24 | — | $171.0M | ||
| Q2 24 | — | $220.0M | ||
| Q1 24 | — | $91.0M |
自由现金流率AVAHCART
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 29.0% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 16.0% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 11.1% |
资本支出强度AVAHCART
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.7% |
现金转化率AVAHCART
| Q4 25 | — | 2.26× | ||
| Q3 25 | 2.36× | 1.99× | ||
| Q2 25 | 1.91× | 1.75× | ||
| Q1 25 | -1.66× | 2.81× | ||
| Q4 24 | 0.46× | 1.03× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 0.13× | 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
AVAH
| Private Duty Services | $514.4M | 83% |
| Home Health And Hospice | $62.4M | 10% |
| Medical Solutions | $45.1M | 7% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
