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Maplebear Inc.（CART）与CLOVER HEALTH INVESTMENTS, CORP.（CLOV）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CLOVER HEALTH INVESTMENTS, CORP.的1.3倍（$992.0M vs $749.2M），Maplebear Inc.净利率更高（8.2% vs 3.6%，领先4.5%），CLOVER HEALTH INVESTMENTS, CORP.同比增速更快（62.0% vs 12.3%），过去两年CLOVER HEALTH INVESTMENTS, CORP.的营收复合增速更高（45.0% vs 10.0%）
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。
克利弗健康投资公司是2014年成立的美国医疗保健企业，主营联邦医疗保险优势计划保险产品，是与美国政府直接签约合作的机构。目前公司为美国11个州的联邦医疗保险参保人提供健康管理服务，并已于2021年1月8日公开上市。
CART vs CLOV — 直观对比
营收规模更大
CART
是对方的1.3倍
$749.2M
营收增速更快
CLOV
高出49.7%
12.3%
净利率更高
CART
高出4.5%
3.6%
两年增速更快
CLOV
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $749.2M |
| 净利润 | $81.0M | $27.3M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 3.6% |
| 净利率 | 8.2% | 3.6% |
| 营收同比 | 12.3% | 62.0% |
| 净利润同比 | -45.3% | — |
| 每股收益（稀释后） | $0.31 | $0.05 |
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CARTCLOV
| Q1 26 | — | $749.2M | ||
| Q4 25 | $992.0M | $487.7M | ||
| Q3 25 | $939.0M | $496.6M | ||
| Q2 25 | $914.0M | $477.6M | ||
| Q1 25 | $897.0M | $462.3M | ||
| Q4 24 | $883.0M | $337.0M | ||
| Q3 24 | $852.0M | $331.0M | ||
| Q2 24 | $823.0M | $356.3M |
净利润CARTCLOV
| Q1 26 | — | $27.3M | ||
| Q4 25 | $81.0M | $-49.3M | ||
| Q3 25 | $144.0M | $-24.4M | ||
| Q2 25 | $116.0M | $-10.6M | ||
| Q1 25 | $106.0M | $-1.3M | ||
| Q4 24 | $148.0M | $-22.1M | ||
| Q3 24 | $118.0M | $-9.2M | ||
| Q2 24 | $61.0M | $7.4M |
毛利率CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | 24.5% | ||
| Q2 24 | 75.7% | 30.3% |
营业利润率CARTCLOV
| Q1 26 | — | 3.6% | ||
| Q4 25 | 9.9% | -10.1% | ||
| Q3 25 | 17.7% | -4.9% | ||
| Q2 25 | 13.6% | -2.2% | ||
| Q1 25 | 12.3% | -0.3% | ||
| Q4 24 | 17.6% | -6.4% | ||
| Q3 24 | 16.2% | -2.7% | ||
| Q2 24 | 6.3% | 2.0% |
净利率CARTCLOV
| Q1 26 | — | 3.6% | ||
| Q4 25 | 8.2% | -10.1% | ||
| Q3 25 | 15.3% | -4.9% | ||
| Q2 25 | 12.7% | -2.2% | ||
| Q1 25 | 11.8% | -0.3% | ||
| Q4 24 | 16.8% | -6.6% | ||
| Q3 24 | 13.8% | -2.8% | ||
| Q2 24 | 7.4% | 2.1% |
每股收益（稀释后）CARTCLOV
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.41 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | — | ||
| Q2 24 | $0.20 | — |
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 | $177.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $339.4M |
| 总资产 | $3.7B | $697.7M |
| 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CARTCLOV
| Q1 26 | — | $177.6M | ||
| Q4 25 | $687.0M | $78.3M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | $194.5M | ||
| Q3 24 | $1.3B | $288.0M | ||
| Q2 24 | $1.4B | $254.8M |
股东权益CARTCLOV
| Q1 26 | — | $339.4M | ||
| Q4 25 | $2.5B | $308.7M | ||
| Q3 25 | $3.5B | $340.9M | ||
| Q2 25 | $3.3B | $344.2M | ||
| Q1 25 | $3.2B | $336.1M | ||
| Q4 24 | $3.1B | $341.1M | ||
| Q3 24 | $2.9B | $342.2M | ||
| Q2 24 | $3.0B | $324.9M |
总资产CARTCLOV
| Q1 26 | — | $697.7M | ||
| Q4 25 | $3.7B | $541.0M | ||
| Q3 25 | $4.5B | $559.7M | ||
| Q2 25 | $4.4B | $575.0M | ||
| Q1 25 | $4.3B | $583.7M | ||
| Q4 24 | $4.1B | $580.7M | ||
| Q3 24 | $3.9B | $653.0M | ||
| Q2 24 | $4.0B | $674.2M |
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 | — |
| 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 | 2.26× | — |
| 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CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $-66.9M | ||
| Q3 25 | $287.0M | $12.1M | ||
| Q2 25 | $203.0M | $5.4M | ||
| Q1 25 | $298.0M | $-16.3M | ||
| Q4 24 | $153.0M | $34.8M | ||
| Q3 24 | $185.0M | $50.0M | ||
| Q2 24 | $244.0M | $44.8M |
自由现金流CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $-69.0M | ||
| Q3 25 | $272.0M | $11.4M | ||
| Q2 25 | $187.0M | $4.8M | ||
| Q1 25 | $280.0M | $-16.5M | ||
| Q4 24 | $141.0M | $33.3M | ||
| Q3 24 | $171.0M | $49.6M | ||
| Q2 24 | $220.0M | $44.4M |
自由现金流率CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | -14.1% | ||
| Q3 25 | 29.0% | 2.3% | ||
| Q2 25 | 20.5% | 1.0% | ||
| Q1 25 | 31.2% | -3.6% | ||
| Q4 24 | 16.0% | 9.9% | ||
| Q3 24 | 20.1% | 15.0% | ||
| Q2 24 | 26.7% | 12.5% |
资本支出强度CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.0% | 0.0% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.9% | 0.1% |
现金转化率CARTCLOV
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 6.04× |
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% |
CLOV
暂无分部数据
