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Maplebear Inc.（CART）与Capri Holdings Ltd（CPRI）财务数据对比。点击上方公司名可切换其他公司
Capri Holdings Ltd的季度营收约是Maplebear Inc.的1.0倍（$1.0B vs $992.0M），Capri Holdings Ltd净利率更高（11.3% vs 8.2%，领先3.2%），Maplebear Inc.同比增速更快（12.3% vs -18.7%），Capri Holdings Ltd自由现金流更多（$183.0M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -15.2%）
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。
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
CART vs CPRI — 直观对比
营收规模更大
CPRI
是对方的1.0倍
$992.0M
营收增速更快
CART
高出31.1%
-18.7%
净利率更高
CPRI
高出3.2%
8.2%
自由现金流更多
CPRI
多$12.0M
$171.0M
两年增速更快
CART
近两年复合增速
-15.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.0B |
| 净利润 | $81.0M | $116.0M |
| 毛利率 | 72.3% | 60.8% |
| 营业利润率 | 9.9% | 4.5% |
| 净利率 | 8.2% | 11.3% |
| 营收同比 | 12.3% | -18.7% |
| 净利润同比 | -45.3% | 121.2% |
| 每股收益（稀释后） | $0.31 | $0.96 |
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CARTCPRI
| Q4 25 | $992.0M | $1.0B | ||
| Q3 25 | $939.0M | $856.0M | ||
| Q2 25 | $914.0M | $797.0M | ||
| Q1 25 | $897.0M | $1.6B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $878.0M | ||
| Q2 24 | $823.0M | $848.0M | ||
| Q1 24 | $820.0M | — |
净利润CARTCPRI
| Q4 25 | $81.0M | $116.0M | ||
| Q3 25 | $144.0M | $-28.0M | ||
| Q2 25 | $116.0M | $53.0M | ||
| Q1 25 | $106.0M | $-645.0M | ||
| Q4 24 | $148.0M | $-547.0M | ||
| Q3 24 | $118.0M | $24.0M | ||
| Q2 24 | $61.0M | $-14.0M | ||
| Q1 24 | $130.0M | — |
毛利率CARTCPRI
| Q4 25 | 72.3% | 60.8% | ||
| Q3 25 | 73.7% | 61.0% | ||
| Q2 25 | 74.2% | 63.0% | ||
| Q1 25 | 74.8% | 64.9% | ||
| Q4 24 | 75.2% | 63.1% | ||
| Q3 24 | 75.2% | 62.3% | ||
| Q2 24 | 75.7% | 63.1% | ||
| Q1 24 | 74.9% | — |
营业利润率CARTCPRI
| Q4 25 | 9.9% | 4.5% | ||
| Q3 25 | 17.7% | -1.4% | ||
| Q2 25 | 13.6% | 2.0% | ||
| Q1 25 | 12.3% | -47.5% | ||
| Q4 24 | 17.6% | 2.4% | ||
| Q3 24 | 16.2% | -0.7% | ||
| Q2 24 | 6.3% | 1.3% | ||
| Q1 24 | 17.6% | — |
净利率CARTCPRI
| Q4 25 | 8.2% | 11.3% | ||
| Q3 25 | 15.3% | -3.3% | ||
| Q2 25 | 12.7% | 6.6% | ||
| Q1 25 | 11.8% | -39.1% | ||
| Q4 24 | 16.8% | -51.2% | ||
| Q3 24 | 13.8% | 2.7% | ||
| Q2 24 | 7.4% | -1.7% | ||
| Q1 24 | 15.9% | — |
每股收益（稀释后）CARTCPRI
| Q4 25 | $0.31 | $0.96 | ||
| Q3 25 | $0.51 | $-0.22 | ||
| Q2 25 | $0.41 | $0.44 | ||
| Q1 25 | $0.37 | $-5.47 | ||
| Q4 24 | $0.53 | $-4.61 | ||
| Q3 24 | $0.42 | $0.20 | ||
| Q2 24 | $0.20 | $-0.12 | ||
| 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 | $154.0M |
| 总债务越低越好 | — | $234.0M |
| 股东权益账面价值 | $2.5B | $105.0M |
| 总资产 | $3.7B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资CARTCPRI
| Q4 25 | $687.0M | $154.0M | ||
| Q3 25 | $1.7B | $120.0M | ||
| Q2 25 | $1.6B | $129.0M | ||
| Q1 25 | $1.6B | $107.0M | ||
| Q4 24 | $1.4B | $356.0M | ||
| Q3 24 | $1.3B | $182.0M | ||
| Q2 24 | $1.4B | $213.0M | ||
| Q1 24 | $1.5B | — |
总债务CARTCPRI
| Q4 25 | — | $234.0M | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | — |
股东权益CARTCPRI
| Q4 25 | $2.5B | $105.0M | ||
| Q3 25 | $3.5B | $-74.0M | ||
| Q2 25 | $3.3B | $-17.0M | ||
| Q1 25 | $3.2B | $368.0M | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $3.0B | $1.6B | ||
| Q1 24 | $3.1B | — |
总资产CARTCPRI
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $4.5B | $5.6B | ||
| Q2 25 | $4.4B | $5.5B | ||
| Q1 25 | $4.3B | $5.2B | ||
| Q4 24 | $4.1B | $5.9B | ||
| Q3 24 | $3.9B | $6.8B | ||
| Q2 24 | $4.0B | $6.6B | ||
| Q1 24 | $4.1B | — |
负债/权益比CARTCPRI
| Q4 25 | — | 2.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 4.05× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.08× | ||
| 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 | $202.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $183.0M |
| 自由现金流率自由现金流/营收 | 17.2% | 17.9% |
| 资本支出强度资本支出/营收 | 1.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $-134.0M |
8季度趋势，按日历期对齐
经营现金流CARTCPRI
| Q4 25 | $183.0M | $202.0M | ||
| Q3 25 | $287.0M | $-52.0M | ||
| Q2 25 | $203.0M | $-8.0M | ||
| Q1 25 | $298.0M | $-161.0M | ||
| Q4 24 | $153.0M | $309.0M | ||
| Q3 24 | $185.0M | $50.0M | ||
| Q2 24 | $244.0M | $83.0M | ||
| Q1 24 | $105.0M | — |
自由现金流CARTCPRI
| Q4 25 | $171.0M | $183.0M | ||
| Q3 25 | $272.0M | $-65.0M | ||
| Q2 25 | $187.0M | $-21.0M | ||
| Q1 25 | $280.0M | $-231.0M | ||
| Q4 24 | $141.0M | $287.0M | ||
| Q3 24 | $171.0M | $30.0M | ||
| Q2 24 | $220.0M | $67.0M | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTCPRI
| Q4 25 | 17.2% | 17.9% | ||
| Q3 25 | 29.0% | -7.6% | ||
| Q2 25 | 20.5% | -2.6% | ||
| Q1 25 | 31.2% | -14.0% | ||
| Q4 24 | 16.0% | 26.9% | ||
| Q3 24 | 20.1% | 3.4% | ||
| Q2 24 | 26.7% | 7.9% | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTCPRI
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 1.6% | 2.3% | ||
| Q2 24 | 2.9% | 1.9% | ||
| Q1 24 | 1.7% | — |
现金转化率CARTCPRI
| Q4 25 | 2.26× | 1.74× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | -0.15× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 2.08× | ||
| 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% |
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
