vs
BlueLinx Holdings Inc.（BXC）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BlueLinx Holdings Inc.的1.3倍（$992.0M vs $748.9M），Maplebear Inc.净利率更高（8.2% vs 0.2%，领先7.9%），Maplebear Inc.同比增速更快（12.3% vs 0.2%），Maplebear Inc.自由现金流更多（$171.0M vs $52.7M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 2.5%）
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
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。
BXC vs CART — 直观对比
营收规模更大
CART
是对方的1.3倍
$748.9M
营收增速更快
CART
高出12.1%
0.2%
净利率更高
CART
高出7.9%
0.2%
自由现金流更多
CART
多$118.3M
$52.7M
两年增速更快
CART
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $748.9M | $992.0M |
| 净利润 | $1.7M | $81.0M |
| 毛利率 | 14.4% | 72.3% |
| 营业利润率 | 1.3% | 9.9% |
| 净利率 | 0.2% | 8.2% |
| 营收同比 | 0.2% | 12.3% |
| 净利润同比 | -89.7% | -45.3% |
| 每股收益（稀释后） | $0.20 | $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BXCCART
| Q4 25 | — | $992.0M | ||
| Q3 25 | $748.9M | $939.0M | ||
| Q2 25 | $780.1M | $914.0M | ||
| Q1 25 | $709.2M | $897.0M | ||
| Q4 24 | $710.6M | $883.0M | ||
| Q3 24 | $747.3M | $852.0M | ||
| Q2 24 | $768.4M | $823.0M | ||
| Q1 24 | $726.2M | $820.0M |
净利润BXCCART
| Q4 25 | — | $81.0M | ||
| Q3 25 | $1.7M | $144.0M | ||
| Q2 25 | $4.3M | $116.0M | ||
| Q1 25 | $2.8M | $106.0M | ||
| Q4 24 | — | $148.0M | ||
| Q3 24 | $16.0M | $118.0M | ||
| Q2 24 | $14.3M | $61.0M | ||
| Q1 24 | $17.5M | $130.0M |
毛利率BXCCART
| Q4 25 | — | 72.3% | ||
| Q3 25 | 14.4% | 73.7% | ||
| Q2 25 | 15.3% | 74.2% | ||
| Q1 25 | 15.7% | 74.8% | ||
| Q4 24 | 15.9% | 75.2% | ||
| Q3 24 | 16.8% | 75.2% | ||
| Q2 24 | 15.9% | 75.7% | ||
| Q1 24 | 17.6% | 74.9% |
营业利润率BXCCART
| Q4 25 | — | 9.9% | ||
| Q3 25 | 1.3% | 17.7% | ||
| Q2 25 | 1.9% | 13.6% | ||
| Q1 25 | 1.5% | 12.3% | ||
| Q4 24 | 1.7% | 17.6% | ||
| Q3 24 | 3.2% | 16.2% | ||
| Q2 24 | 3.1% | 6.3% | ||
| Q1 24 | 3.8% | 17.6% |
净利率BXCCART
| Q4 25 | — | 8.2% | ||
| Q3 25 | 0.2% | 15.3% | ||
| Q2 25 | 0.6% | 12.7% | ||
| Q1 25 | 0.4% | 11.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | 2.1% | 13.8% | ||
| Q2 24 | 1.9% | 7.4% | ||
| Q1 24 | 2.4% | 15.9% |
每股收益（稀释后）BXCCART
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.20 | $0.51 | ||
| Q2 25 | $0.54 | $0.41 | ||
| Q1 25 | $0.33 | $0.37 | ||
| Q4 24 | $0.67 | $0.53 | ||
| Q3 24 | $1.87 | $0.42 | ||
| Q2 24 | $1.65 | $0.20 | ||
| Q1 24 | $2.00 | $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 | $429.4M | $687.0M |
| 总债务越低越好 | $598.5M | — |
| 股东权益账面价值 | $623.0M | $2.5B |
| 总资产 | $1.6B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.96× | — |
8季度趋势，按日历期对齐
现金及短期投资BXCCART
| Q4 25 | — | $687.0M | ||
| Q3 25 | $429.4M | $1.7B | ||
| Q2 25 | $386.8M | $1.6B | ||
| Q1 25 | $449.0M | $1.6B | ||
| Q4 24 | $505.6M | $1.4B | ||
| Q3 24 | $526.3M | $1.3B | ||
| Q2 24 | $491.4M | $1.4B | ||
| Q1 24 | $481.3M | $1.5B |
总债务BXCCART
| Q4 25 | — | — | ||
| Q3 25 | $598.5M | — | ||
| Q2 25 | $596.4M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $575.1M | — | ||
| Q3 24 | $576.0M | — | ||
| Q2 24 | $574.6M | — | ||
| Q1 24 | $574.0M | — |
股东权益BXCCART
| Q4 25 | — | $2.5B | ||
| Q3 25 | $623.0M | $3.5B | ||
| Q2 25 | $621.3M | $3.3B | ||
| Q1 25 | $636.1M | $3.2B | ||
| Q4 24 | $646.4M | $3.1B | ||
| Q3 24 | $655.6M | $2.9B | ||
| Q2 24 | $652.3M | $3.0B | ||
| Q1 24 | $653.2M | $3.1B |
总资产BXCCART
| Q4 25 | — | $3.7B | ||
| Q3 25 | $1.6B | $4.5B | ||
| Q2 25 | $1.6B | $4.4B | ||
| Q1 25 | $1.6B | $4.3B | ||
| Q4 24 | $1.6B | $4.1B | ||
| Q3 24 | $1.6B | $3.9B | ||
| Q2 24 | $1.6B | $4.0B | ||
| Q1 24 | $1.6B | $4.1B |
负债/权益比BXCCART
| Q4 25 | — | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.88× | — |
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 | $58.6M | $183.0M |
| 自由现金流经营现金流 - 资本支出 | $52.7M | $171.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 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 | 35.42× | 2.26× |
| 过去12个月自由现金流最近4个季度 | $-25.1M | $910.0M |
8季度趋势，按日历期对齐
经营现金流BXCCART
| Q4 25 | — | $183.0M | ||
| Q3 25 | $58.6M | $287.0M | ||
| Q2 25 | $-26.8M | $203.0M | ||
| Q1 25 | $-33.9M | $298.0M | ||
| Q4 24 | $18.7M | $153.0M | ||
| Q3 24 | $61.8M | $185.0M | ||
| Q2 24 | $35.8M | $244.0M | ||
| Q1 24 | $-31.1M | $105.0M |
自由现金流BXCCART
| Q4 25 | — | $171.0M | ||
| Q3 25 | $52.7M | $272.0M | ||
| Q2 25 | $-36.4M | $187.0M | ||
| Q1 25 | $-39.8M | $280.0M | ||
| Q4 24 | $-1.5M | $141.0M | ||
| Q3 24 | $53.8M | $171.0M | ||
| Q2 24 | $29.3M | $220.0M | ||
| Q1 24 | $-36.6M | $91.0M |
自由现金流率BXCCART
| Q4 25 | — | 17.2% | ||
| Q3 25 | 7.0% | 29.0% | ||
| Q2 25 | -4.7% | 20.5% | ||
| Q1 25 | -5.6% | 31.2% | ||
| Q4 24 | -0.2% | 16.0% | ||
| Q3 24 | 7.2% | 20.1% | ||
| Q2 24 | 3.8% | 26.7% | ||
| Q1 24 | -5.0% | 11.1% |
资本支出强度BXCCART
| Q4 25 | — | 1.2% | ||
| Q3 25 | 0.8% | 1.6% | ||
| Q2 25 | 1.2% | 1.8% | ||
| Q1 25 | 0.8% | 2.0% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 1.1% | 1.6% | ||
| Q2 24 | 0.8% | 2.9% | ||
| Q1 24 | 0.8% | 1.7% |
现金转化率BXCCART
| Q4 25 | — | 2.26× | ||
| Q3 25 | 35.42× | 1.99× | ||
| Q2 25 | -6.21× | 1.75× | ||
| Q1 25 | -12.09× | 2.81× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | 3.86× | 1.57× | ||
| Q2 24 | 2.50× | 4.00× | ||
| Q1 24 | -1.78× | 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
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
