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Maplebear Inc.（CART）与科睿唯安（CLVT）财务数据对比。点击上方公司名可切换其他公司
Maplebear Inc.的季度营收约是科睿唯安的1.7倍（$992.0M vs $585.5M），Maplebear Inc.净利率更高（8.2% vs -6.9%，领先15.0%），Maplebear Inc.同比增速更快（12.3% vs -1.4%），Maplebear Inc.自由现金流更多（$171.0M vs $78.9M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -5.1%）
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。
科睿唯安是一家英美合资的上市分析服务企业，主要提供订阅制信息服务，覆盖文献计量、科学计量、商业与市场情报领域，同时为医药、生物科技行业提供专利、监管合规相关的竞争分析，也提供商标保护、域名与品牌保护服务，旗下Web of Science产品系列还负责计算学术期刊的影响因子。
CART vs CLVT — 直观对比
营收规模更大
CART
是对方的1.7倍
$585.5M
营收增速更快
CART
高出13.7%
-1.4%
净利率更高
CART
高出15.0%
-6.9%
自由现金流更多
CART
多$92.1M
$78.9M
两年增速更快
CART
近两年复合增速
-5.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $585.5M |
| 净利润 | $81.0M | $-40.2M |
| 毛利率 | 72.3% | 67.2% |
| 营业利润率 | 9.9% | 5.2% |
| 净利率 | 8.2% | -6.9% |
| 营收同比 | 12.3% | -1.4% |
| 净利润同比 | -45.3% | 61.3% |
| 每股收益（稀释后） | $0.31 | $-0.06 |
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CARTCLVT
| Q1 26 | — | $585.5M | ||
| Q4 25 | $992.0M | $617.0M | ||
| Q3 25 | $939.0M | $623.1M | ||
| Q2 25 | $914.0M | $621.4M | ||
| Q1 25 | $897.0M | $593.7M | ||
| Q4 24 | $883.0M | $663.0M | ||
| Q3 24 | $852.0M | $622.2M | ||
| Q2 24 | $823.0M | $650.3M |
净利润CARTCLVT
| Q1 26 | — | $-40.2M | ||
| Q4 25 | $81.0M | $3.1M | ||
| Q3 25 | $144.0M | $-28.3M | ||
| Q2 25 | $116.0M | $-72.0M | ||
| Q1 25 | $106.0M | $-103.9M | ||
| Q4 24 | $148.0M | $-191.8M | ||
| Q3 24 | $118.0M | $-65.6M | ||
| Q2 24 | $61.0M | $-304.3M |
毛利率CARTCLVT
| Q1 26 | — | 67.2% | ||
| Q4 25 | 72.3% | 66.8% | ||
| Q3 25 | 73.7% | 65.0% | ||
| Q2 25 | 74.2% | 67.2% | ||
| Q1 25 | 74.8% | 65.1% | ||
| Q4 24 | 75.2% | 65.7% | ||
| Q3 24 | 75.2% | 66.2% | ||
| Q2 24 | 75.7% | 67.2% |
营业利润率CARTCLVT
| Q1 26 | — | 5.2% | ||
| Q4 25 | 9.9% | 6.7% | ||
| Q3 25 | 17.7% | 7.1% | ||
| Q2 25 | 13.6% | 1.1% | ||
| Q1 25 | 12.3% | -3.5% | ||
| Q4 24 | 17.6% | -9.4% | ||
| Q3 24 | 16.2% | 3.5% | ||
| Q2 24 | 6.3% | -36.9% |
净利率CARTCLVT
| Q1 26 | — | -6.9% | ||
| Q4 25 | 8.2% | 0.5% | ||
| Q3 25 | 15.3% | -4.5% | ||
| Q2 25 | 12.7% | -11.6% | ||
| Q1 25 | 11.8% | -17.5% | ||
| Q4 24 | 16.8% | -28.9% | ||
| Q3 24 | 13.8% | -10.5% | ||
| Q2 24 | 7.4% | -46.8% |
每股收益（稀释后）CARTCLVT
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.31 | $0.00 | ||
| Q3 25 | $0.51 | $-0.04 | ||
| Q2 25 | $0.41 | $-0.11 | ||
| Q1 25 | $0.37 | $-0.15 | ||
| Q4 24 | $0.53 | $-0.27 | ||
| Q3 24 | $0.42 | $-0.09 | ||
| Q2 24 | $0.20 | $-0.46 |
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 | — |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $2.5B | $4.8B |
| 总资产 | $3.7B | $10.9B |
| 负债/权益比越低杠杆越低 | — | 0.89× |
8季度趋势，按日历期对齐
现金及短期投资CARTCLVT
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | $329.2M | ||
| Q3 25 | $1.7B | $318.7M | ||
| Q2 25 | $1.6B | $362.6M | ||
| Q1 25 | $1.6B | $354.0M | ||
| Q4 24 | $1.4B | $295.2M | ||
| Q3 24 | $1.3B | $388.5M | ||
| Q2 24 | $1.4B | $376.4M |
总债务CARTCLVT
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.6B |
股东权益CARTCLVT
| Q1 26 | — | $4.8B | ||
| Q4 25 | $2.5B | $4.8B | ||
| Q3 25 | $3.5B | $4.9B | ||
| Q2 25 | $3.3B | $5.0B | ||
| Q1 25 | $3.2B | $5.0B | ||
| Q4 24 | $3.1B | $5.1B | ||
| Q3 24 | $2.9B | $5.5B | ||
| Q2 24 | $3.0B | $5.6B |
总资产CARTCLVT
| Q1 26 | — | $10.9B | ||
| Q4 25 | $3.7B | $11.1B | ||
| Q3 25 | $4.5B | $11.2B | ||
| Q2 25 | $4.4B | $11.4B | ||
| Q1 25 | $4.3B | $11.5B | ||
| Q4 24 | $4.1B | $11.5B | ||
| Q3 24 | $3.9B | $12.0B | ||
| Q2 24 | $4.0B | $12.1B |
负债/权益比CARTCLVT
| Q1 26 | — | 0.89× | ||
| Q4 25 | — | 0.89× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.83× |
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 | $134.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $78.9M |
| 自由现金流率自由现金流/营收 | 17.2% | 13.5% |
| 资本支出强度资本支出/营收 | 1.2% | 9.5% |
| 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 | $333.9M |
8季度趋势，按日历期对齐
经营现金流CARTCLVT
| Q1 26 | — | $134.7M | ||
| Q4 25 | $183.0M | $159.9M | ||
| Q3 25 | $287.0M | $181.1M | ||
| Q2 25 | $203.0M | $116.3M | ||
| Q1 25 | $298.0M | $171.2M | ||
| Q4 24 | $153.0M | $141.3M | ||
| Q3 24 | $185.0M | $202.9M | ||
| Q2 24 | $244.0M | $126.2M |
自由现金流CARTCLVT
| Q1 26 | — | $78.9M | ||
| Q4 25 | $171.0M | $89.2M | ||
| Q3 25 | $272.0M | $115.5M | ||
| Q2 25 | $187.0M | $50.3M | ||
| Q1 25 | $280.0M | $110.3M | ||
| Q4 24 | $141.0M | $59.1M | ||
| Q3 24 | $171.0M | $126.3M | ||
| Q2 24 | $220.0M | $60.3M |
自由现金流率CARTCLVT
| Q1 26 | — | 13.5% | ||
| Q4 25 | 17.2% | 14.5% | ||
| Q3 25 | 29.0% | 18.5% | ||
| Q2 25 | 20.5% | 8.1% | ||
| Q1 25 | 31.2% | 18.6% | ||
| Q4 24 | 16.0% | 8.9% | ||
| Q3 24 | 20.1% | 20.3% | ||
| Q2 24 | 26.7% | 9.3% |
资本支出强度CARTCLVT
| Q1 26 | — | 9.5% | ||
| Q4 25 | 1.2% | 11.5% | ||
| Q3 25 | 1.6% | 10.5% | ||
| Q2 25 | 1.8% | 10.6% | ||
| Q1 25 | 2.0% | 10.3% | ||
| Q4 24 | 1.4% | 12.4% | ||
| Q3 24 | 1.6% | 12.3% | ||
| Q2 24 | 2.9% | 10.1% |
现金转化率CARTCLVT
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 51.58× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — |
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% |
CLVT
| Subscription | $397.5M | 68% |
| Re-occurring | $108.6M | 19% |
| Transactional | $79.4M | 14% |
