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Maplebear Inc.（CART）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是Maplebear Inc.的1.9倍（$1.9B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 0.1%，领先8.1%），芝商所同比增速更快（14.5% vs 12.3%），过去两年芝商所的营收复合增速更高（10.8% 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。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
CART vs CME — 直观对比
营收规模更大
CME
是对方的1.9倍
$992.0M
营收增速更快
CME
高出2.1%
12.3%
净利率更高
CART
高出8.1%
0.1%
两年增速更快
CME
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.9B |
| 净利润 | $81.0M | $1.2M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 0.1% |
| 净利率 | 8.2% | 0.1% |
| 营收同比 | 12.3% | 14.5% |
| 净利润同比 | -45.3% | 20.7% |
| 每股收益（稀释后） | $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CARTCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $992.0M | $1.6B | ||
| Q3 25 | $939.0M | $1.5B | ||
| Q2 25 | $914.0M | $1.7B | ||
| Q1 25 | $897.0M | $1.6B | ||
| Q4 24 | $883.0M | $1.5B | ||
| Q3 24 | $852.0M | $1.6B | ||
| Q2 24 | $823.0M | $1.5B |
净利润CARTCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $81.0M | $1.2B | ||
| Q3 25 | $144.0M | $908.0M | ||
| Q2 25 | $116.0M | $1.0B | ||
| Q1 25 | $106.0M | $956.2M | ||
| Q4 24 | $148.0M | $874.6M | ||
| Q3 24 | $118.0M | $912.8M | ||
| Q2 24 | $61.0M | $883.2M |
毛利率CARTCME
| 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% | — | ||
| Q2 24 | 75.7% | — |
营业利润率CARTCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 9.9% | 61.8% | ||
| Q3 25 | 17.7% | 63.3% | ||
| Q2 25 | 13.6% | 66.7% | ||
| Q1 25 | 12.3% | 67.5% | ||
| Q4 24 | 17.6% | 62.1% | ||
| Q3 24 | 16.2% | 64.6% | ||
| Q2 24 | 6.3% | 65.3% |
净利率CARTCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 8.2% | 71.7% | ||
| Q3 25 | 15.3% | 59.1% | ||
| Q2 25 | 12.7% | 60.6% | ||
| Q1 25 | 11.8% | 58.2% | ||
| Q4 24 | 16.8% | 57.3% | ||
| Q3 24 | 13.8% | 57.6% | ||
| Q2 24 | 7.4% | 57.6% |
每股收益（稀释后）CARTCME
| Q1 26 | — | — | ||
| Q4 25 | $0.31 | $3.24 | ||
| Q3 25 | $0.51 | $2.49 | ||
| Q2 25 | $0.41 | $2.81 | ||
| Q1 25 | $0.37 | $2.62 | ||
| Q4 24 | $0.53 | $2.40 | ||
| Q3 24 | $0.42 | $2.50 | ||
| Q2 24 | $0.20 | $2.42 |
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 | $2.4B |
| 总债务越低越好 | — | $3.4B |
| 股东权益账面价值 | $2.5B | — |
| 总资产 | $3.7B | $202.0B |
| 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CARTCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $687.0M | $4.5B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.4B | $1.9B |
总债务CARTCME
| Q1 26 | — | $3.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CARTCME
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $28.7B | ||
| Q3 25 | $3.5B | $28.2B | ||
| Q2 25 | $3.3B | $27.7B | ||
| Q1 25 | $3.2B | $27.0B | ||
| Q4 24 | $3.1B | $26.5B | ||
| Q3 24 | $2.9B | $28.2B | ||
| Q2 24 | $3.0B | $27.6B |
总资产CARTCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $3.7B | $198.4B | ||
| Q3 25 | $4.5B | $187.1B | ||
| Q2 25 | $4.4B | $179.9B | ||
| Q1 25 | $4.3B | $157.8B | ||
| Q4 24 | $4.1B | $137.4B | ||
| Q3 24 | $3.9B | $137.8B | ||
| Q2 24 | $4.0B | $123.4B |
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CARTCME
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $1.1B | ||
| Q3 25 | $287.0M | $968.1M | ||
| Q2 25 | $203.0M | $1.1B | ||
| Q1 25 | $298.0M | $1.1B | ||
| Q4 24 | $153.0M | $1.0B | ||
| Q3 24 | $185.0M | $1.0B | ||
| Q2 24 | $244.0M | $776.9M |
自由现金流CARTCME
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $1.1B | ||
| Q3 25 | $272.0M | $949.7M | ||
| Q2 25 | $187.0M | $1.0B | ||
| Q1 25 | $280.0M | $1.1B | ||
| Q4 24 | $141.0M | $991.7M | ||
| Q3 24 | $171.0M | $973.2M | ||
| Q2 24 | $220.0M | $758.7M |
自由现金流率CARTCME
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 66.8% | ||
| Q3 25 | 29.0% | 61.8% | ||
| Q2 25 | 20.5% | 61.5% | ||
| Q1 25 | 31.2% | 67.1% | ||
| Q4 24 | 16.0% | 65.0% | ||
| Q3 24 | 20.1% | 61.4% | ||
| Q2 24 | 26.7% | 49.5% |
资本支出强度CARTCME
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.6% | 1.2% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 1.4% | 1.7% | ||
| Q3 24 | 1.6% | 1.9% | ||
| Q2 24 | 2.9% | 1.2% |
现金转化率CARTCME
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 0.96× | ||
| Q3 25 | 1.99× | 1.07× | ||
| Q2 25 | 1.75× | 1.03× | ||
| Q1 25 | 2.81× | 1.17× | ||
| Q4 24 | 1.03× | 1.16× | ||
| Q3 24 | 1.57× | 1.10× | ||
| Q2 24 | 4.00× | 0.88× |
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% |
CME
暂无分部数据
