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Maplebear Inc.（CART）与Concentra Group Holdings Parent, Inc.（CON）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Concentra Group Holdings Parent, Inc.的1.8倍（$992.0M vs $539.1M），Maplebear Inc.净利率更高（8.2% vs 6.4%，领先1.7%），Maplebear Inc.自由现金流更多（$171.0M vs $98.5M）
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。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
CART vs CON — 直观对比
营收规模更大
CART
是对方的1.8倍
$539.1M
净利率更高
CART
高出1.7%
6.4%
自由现金流更多
CART
多$72.5M
$98.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $539.1M |
| 净利润 | $81.0M | $34.7M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 12.9% |
| 净利率 | 8.2% | 6.4% |
| 营收同比 | 12.3% | — |
| 净利润同比 | -45.3% | — |
| 每股收益（稀释后） | $0.31 | $0.27 |
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CARTCON
| Q4 25 | $992.0M | $539.1M | ||
| Q3 25 | $939.0M | $572.8M | ||
| Q2 25 | $914.0M | $550.8M | ||
| Q1 25 | $897.0M | $500.8M | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | $489.6M | ||
| Q2 24 | $823.0M | $477.9M | ||
| Q1 24 | $820.0M | — |
净利润CARTCON
| Q4 25 | $81.0M | $34.7M | ||
| Q3 25 | $144.0M | $48.3M | ||
| Q2 25 | $116.0M | $44.6M | ||
| Q1 25 | $106.0M | $38.9M | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | $44.3M | ||
| Q2 24 | $61.0M | $51.7M | ||
| Q1 24 | $130.0M | — |
毛利率CARTCON
| 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% | — | ||
| Q1 24 | 74.9% | — |
营业利润率CARTCON
| Q4 25 | 9.9% | 12.9% | ||
| Q3 25 | 17.7% | 16.5% | ||
| Q2 25 | 13.6% | 16.3% | ||
| Q1 25 | 12.3% | 16.0% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | 17.6% | ||
| Q2 24 | 6.3% | 17.6% | ||
| Q1 24 | 17.6% | — |
净利率CARTCON
| Q4 25 | 8.2% | 6.4% | ||
| Q3 25 | 15.3% | 8.4% | ||
| Q2 25 | 12.7% | 8.1% | ||
| Q1 25 | 11.8% | 7.8% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | 9.1% | ||
| Q2 24 | 7.4% | 10.8% | ||
| Q1 24 | 15.9% | — |
每股收益（稀释后）CARTCON
| Q4 25 | $0.31 | $0.27 | ||
| Q3 25 | $0.51 | $0.38 | ||
| Q2 25 | $0.41 | $0.35 | ||
| Q1 25 | $0.37 | $0.30 | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | $0.37 | ||
| Q2 24 | $0.20 | $0.50 | ||
| Q1 24 | $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 | $687.0M | $79.9M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $2.5B | $393.3M |
| 总资产 | $3.7B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 3.98× |
8季度趋势，按日历期对齐
现金及短期投资CARTCON
| Q4 25 | $687.0M | $79.9M | ||
| Q3 25 | $1.7B | $49.9M | ||
| Q2 25 | $1.6B | $73.9M | ||
| Q1 25 | $1.6B | $52.1M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $136.8M | ||
| Q2 24 | $1.4B | $50.7M | ||
| Q1 24 | $1.5B | — |
总债务CARTCON
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | — |
股东权益CARTCON
| Q4 25 | $2.5B | $393.3M | ||
| Q3 25 | $3.5B | $385.5M | ||
| Q2 25 | $3.3B | $342.6M | ||
| Q1 25 | $3.2B | $307.1M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $277.8M | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $3.1B | — |
总资产CARTCON
| Q4 25 | $3.7B | $2.9B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $4.3B | $2.7B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $2.5B | ||
| Q2 24 | $4.0B | $2.4B | ||
| Q1 24 | $4.1B | — |
负债/权益比CARTCON
| Q4 25 | — | 3.98× | ||
| Q3 25 | — | 4.15× | ||
| Q2 25 | — | 4.82× | ||
| Q1 25 | — | 5.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.30× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
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 | $118.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $98.5M |
| 自由现金流率自由现金流/营收 | 17.2% | 18.3% |
| 资本支出强度资本支出/营收 | 1.2% | 3.7% |
| 现金转化率经营现金流/净利润 | 2.26× | 3.42× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $197.1M |
8季度趋势，按日历期对齐
经营现金流CARTCON
| Q4 25 | $183.0M | $118.7M | ||
| Q3 25 | $287.0M | $60.6M | ||
| Q2 25 | $203.0M | $88.4M | ||
| Q1 25 | $298.0M | $11.7M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | $65.9M | ||
| Q2 24 | $244.0M | — | ||
| Q1 24 | $105.0M | — |
自由现金流CARTCON
| Q4 25 | $171.0M | $98.5M | ||
| Q3 25 | $272.0M | $39.4M | ||
| Q2 25 | $187.0M | $63.2M | ||
| Q1 25 | $280.0M | $-4.0M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | $50.8M | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTCON
| Q4 25 | 17.2% | 18.3% | ||
| Q3 25 | 29.0% | 6.9% | ||
| Q2 25 | 20.5% | 11.5% | ||
| Q1 25 | 31.2% | -0.8% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | 10.4% | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTCON
| Q4 25 | 1.2% | 3.7% | ||
| Q3 25 | 1.6% | 3.7% | ||
| Q2 25 | 1.8% | 4.6% | ||
| Q1 25 | 2.0% | 3.1% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | 3.1% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | — |
现金转化率CARTCON
| Q4 25 | 2.26× | 3.42× | ||
| Q3 25 | 1.99× | 1.26× | ||
| Q2 25 | 1.75× | 1.98× | ||
| Q1 25 | 2.81× | 0.30× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 1.49× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 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
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
