vs
Maplebear Inc.（CART）与科慕（CC）财务数据对比。点击上方公司名可切换其他公司
科慕的季度营收约是Maplebear Inc.的1.3倍（$1.3B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -3.5%，领先11.7%），Maplebear Inc.同比增速更快（12.3% vs -2.1%），Maplebear Inc.自由现金流更多（$171.0M vs $92.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -1.2%）
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。
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
CART vs CC — 直观对比
营收规模更大
CC
是对方的1.3倍
$992.0M
营收增速更快
CART
高出14.4%
-2.1%
净利率更高
CART
高出11.7%
-3.5%
自由现金流更多
CART
多$79.0M
$92.0M
两年增速更快
CART
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.3B |
| 净利润 | $81.0M | $-47.0M |
| 毛利率 | 72.3% | 11.7% |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | -3.5% |
| 营收同比 | 12.3% | -2.1% |
| 净利润同比 | -45.3% | -261.5% |
| 每股收益（稀释后） | $0.31 | $-0.32 |
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CARTCC
| Q4 25 | $992.0M | $1.3B | ||
| Q3 25 | $939.0M | $1.5B | ||
| Q2 25 | $914.0M | $1.6B | ||
| Q1 25 | $897.0M | $1.4B | ||
| Q4 24 | $883.0M | $1.4B | ||
| Q3 24 | $852.0M | $1.5B | ||
| Q2 24 | $823.0M | $1.6B | ||
| Q1 24 | $820.0M | $1.4B |
净利润CARTCC
| Q4 25 | $81.0M | $-47.0M | ||
| Q3 25 | $144.0M | $46.0M | ||
| Q2 25 | $116.0M | $-380.0M | ||
| Q1 25 | $106.0M | $-5.0M | ||
| Q4 24 | $148.0M | $-13.0M | ||
| Q3 24 | $118.0M | $-32.0M | ||
| Q2 24 | $61.0M | $60.0M | ||
| Q1 24 | $130.0M | $54.0M |
毛利率CARTCC
| Q4 25 | 72.3% | 11.7% | ||
| Q3 25 | 73.7% | 15.6% | ||
| Q2 25 | 74.2% | 17.2% | ||
| Q1 25 | 74.8% | 17.3% | ||
| Q4 24 | 75.2% | 19.4% | ||
| Q3 24 | 75.2% | 19.0% | ||
| Q2 24 | 75.7% | 19.8% | ||
| Q1 24 | 74.9% | 20.9% |
营业利润率CARTCC
| Q4 25 | 9.9% | — | ||
| Q3 25 | 17.7% | 2.5% | ||
| Q2 25 | 13.6% | -15.4% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | -0.1% | ||
| Q3 24 | 16.2% | -2.1% | ||
| Q2 24 | 6.3% | 4.4% | ||
| Q1 24 | 17.6% | 5.1% |
净利率CARTCC
| Q4 25 | 8.2% | -3.5% | ||
| Q3 25 | 15.3% | 3.1% | ||
| Q2 25 | 12.7% | -23.5% | ||
| Q1 25 | 11.8% | -0.4% | ||
| Q4 24 | 16.8% | -1.0% | ||
| Q3 24 | 13.8% | -2.1% | ||
| Q2 24 | 7.4% | 3.9% | ||
| Q1 24 | 15.9% | 4.0% |
每股收益（稀释后）CARTCC
| Q4 25 | $0.31 | $-0.32 | ||
| Q3 25 | $0.51 | $0.31 | ||
| Q2 25 | $0.41 | $-2.53 | ||
| Q1 25 | $0.37 | $-0.03 | ||
| Q4 24 | $0.53 | $-0.07 | ||
| Q3 24 | $0.42 | $-0.22 | ||
| Q2 24 | $0.20 | $0.39 | ||
| Q1 24 | $0.43 | $0.36 |
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 | $687.0M | $670.0M |
| 总债务越低越好 | — | $4.1B |
| 股东权益账面价值 | $2.5B | $250.0M |
| 总资产 | $3.7B | $7.4B |
| 负债/权益比越低杠杆越低 | — | 16.40× |
8季度趋势，按日历期对齐
现金及短期投资CARTCC
| Q4 25 | $687.0M | $670.0M | ||
| Q3 25 | $1.7B | $613.0M | ||
| Q2 25 | $1.6B | $502.0M | ||
| Q1 25 | $1.6B | $464.0M | ||
| Q4 24 | $1.4B | $713.0M | ||
| Q3 24 | $1.3B | $596.0M | ||
| Q2 24 | $1.4B | $604.0M | ||
| Q1 24 | $1.5B | $746.0M |
总债务CARTCC
| Q4 25 | — | $4.1B | ||
| Q3 25 | — | $4.1B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $4.0B |
股东权益CARTCC
| Q4 25 | $2.5B | $250.0M | ||
| Q3 25 | $3.5B | $274.0M | ||
| Q2 25 | $3.3B | $228.0M | ||
| Q1 25 | $3.2B | $566.0M | ||
| Q4 24 | $3.1B | $571.0M | ||
| Q3 24 | $2.9B | $643.0M | ||
| Q2 24 | $3.0B | $714.0M | ||
| Q1 24 | $3.1B | $753.0M |
总资产CARTCC
| Q4 25 | $3.7B | $7.4B | ||
| Q3 25 | $4.5B | $7.5B | ||
| Q2 25 | $4.4B | $7.5B | ||
| Q1 25 | $4.3B | $7.4B | ||
| Q4 24 | $4.1B | $7.5B | ||
| Q3 24 | $3.9B | $7.5B | ||
| Q2 24 | $4.0B | $7.2B | ||
| Q1 24 | $4.1B | $8.0B |
负债/权益比CARTCC
| Q4 25 | — | 16.40× | ||
| Q3 25 | — | 14.96× | ||
| Q2 25 | — | 17.99× | ||
| Q1 25 | — | 7.18× | ||
| Q4 24 | — | 7.11× | ||
| Q3 24 | — | 6.20× | ||
| Q2 24 | — | 5.53× | ||
| Q1 24 | — | 5.27× |
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 | $183.0M | $137.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $92.0M |
| 自由现金流率自由现金流/营收 | 17.2% | 6.9% |
| 资本支出强度资本支出/营收 | 1.2% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.26× | — |
| 过去12个月自由现金流最近4个季度 | $910.0M | $51.0M |
8季度趋势，按日历期对齐
经营现金流CARTCC
| Q4 25 | $183.0M | $137.0M | ||
| Q3 25 | $287.0M | $146.0M | ||
| Q2 25 | $203.0M | $93.0M | ||
| Q1 25 | $298.0M | $-112.0M | ||
| Q4 24 | $153.0M | $138.0M | ||
| Q3 24 | $185.0M | $139.0M | ||
| Q2 24 | $244.0M | $-620.0M | ||
| Q1 24 | $105.0M | $-290.0M |
自由现金流CARTCC
| Q4 25 | $171.0M | $92.0M | ||
| Q3 25 | $272.0M | $105.0M | ||
| Q2 25 | $187.0M | $50.0M | ||
| Q1 25 | $280.0M | $-196.0M | ||
| Q4 24 | $141.0M | $29.0M | ||
| Q3 24 | $171.0M | $63.0M | ||
| Q2 24 | $220.0M | $-693.0M | ||
| Q1 24 | $91.0M | $-392.0M |
自由现金流率CARTCC
| Q4 25 | 17.2% | 6.9% | ||
| Q3 25 | 29.0% | 7.0% | ||
| Q2 25 | 20.5% | 3.1% | ||
| Q1 25 | 31.2% | -14.3% | ||
| Q4 24 | 16.0% | 2.1% | ||
| Q3 24 | 20.1% | 4.2% | ||
| Q2 24 | 26.7% | -44.6% | ||
| Q1 24 | 11.1% | -28.8% |
资本支出强度CARTCC
| Q4 25 | 1.2% | 3.4% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 1.8% | 2.7% | ||
| Q1 25 | 2.0% | 6.1% | ||
| Q4 24 | 1.4% | 8.0% | ||
| Q3 24 | 1.6% | 5.0% | ||
| Q2 24 | 2.9% | 4.7% | ||
| Q1 24 | 1.7% | 7.5% |
现金转化率CARTCC
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 3.17× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | -10.33× | ||
| Q1 24 | 0.81× | -5.37× |
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
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
