vs
Maplebear Inc.（CART）与查尔斯河实验室（CRL）财务数据对比。点击上方公司名可切换其他公司
查尔斯河实验室的季度营收约是Maplebear Inc.的1.0倍（$995.8M vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -1.5%，领先9.7%），Maplebear Inc.同比增速更快（12.3% vs 1.2%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -1.5%）
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。
查尔斯河实验室国际是总部位于美国马萨诸塞州威尔明顿的医药及生物技术领域合同研究组织（CRO），成立于1947年，可为新药、疫苗及医疗器械的研发提供临床前和临床阶段的专业实验室服务。
CART vs CRL — 直观对比
营收规模更大
CRL
是对方的1.0倍
$992.0M
营收增速更快
CART
高出11.2%
1.2%
净利率更高
CART
高出9.7%
-1.5%
两年增速更快
CART
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $995.8M |
| 净利润 | $81.0M | $-14.8M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 12.0% |
| 净利率 | 8.2% | -1.5% |
| 营收同比 | 12.3% | 1.2% |
| 净利润同比 | -45.3% | -157.2% |
| 每股收益（稀释后） | $0.31 | $-0.30 |
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CARTCRL
| Q1 26 | — | $995.8M | ||
| Q4 25 | $992.0M | $994.2M | ||
| Q3 25 | $939.0M | $1.0B | ||
| Q2 25 | $914.0M | $1.0B | ||
| Q1 25 | $897.0M | $984.2M | ||
| Q4 24 | $883.0M | $1.0B | ||
| Q3 24 | $852.0M | $1.0B | ||
| Q2 24 | $823.0M | $1.0B |
净利润CARTCRL
| Q1 26 | — | $-14.8M | ||
| Q4 25 | $81.0M | $-276.6M | ||
| Q3 25 | $144.0M | $54.4M | ||
| Q2 25 | $116.0M | $52.3M | ||
| Q1 25 | $106.0M | $25.5M | ||
| Q4 24 | $148.0M | $-214.5M | ||
| Q3 24 | $118.0M | $69.7M | ||
| Q2 24 | $61.0M | $94.1M |
毛利率CARTCRL
| 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% | 34.6% | ||
| Q2 24 | 75.7% | 34.5% |
营业利润率CARTCRL
| Q1 26 | — | 12.0% | ||
| Q4 25 | 9.9% | -28.5% | ||
| Q3 25 | 17.7% | 13.3% | ||
| Q2 25 | 13.6% | 9.7% | ||
| Q1 25 | 12.3% | 7.6% | ||
| Q4 24 | 17.6% | -16.7% | ||
| Q3 24 | 16.2% | 11.6% | ||
| Q2 24 | 6.3% | 14.8% |
净利率CARTCRL
| Q1 26 | — | -1.5% | ||
| Q4 25 | 8.2% | -27.8% | ||
| Q3 25 | 15.3% | 5.4% | ||
| Q2 25 | 12.7% | 5.1% | ||
| Q1 25 | 11.8% | 2.6% | ||
| Q4 24 | 16.8% | -21.4% | ||
| Q3 24 | 13.8% | 6.9% | ||
| Q2 24 | 7.4% | 9.2% |
每股收益（稀释后）CARTCRL
| Q1 26 | — | $-0.30 | ||
| Q4 25 | $0.31 | $-5.57 | ||
| Q3 25 | $0.51 | $1.10 | ||
| Q2 25 | $0.41 | $1.06 | ||
| Q1 25 | $0.37 | $0.50 | ||
| Q4 24 | $0.53 | $-4.17 | ||
| Q3 24 | $0.42 | $1.33 | ||
| Q2 24 | $0.20 | $1.74 |
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 | $191.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.9B |
| 总资产 | $3.7B | $7.7B |
| 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CARTCRL
| Q1 26 | — | $191.8M | ||
| Q4 25 | $687.0M | $213.8M | ||
| Q3 25 | $1.7B | $207.1M | ||
| Q2 25 | $1.6B | $182.8M | ||
| Q1 25 | $1.6B | $229.4M | ||
| Q4 24 | $1.4B | $194.6M | ||
| Q3 24 | $1.3B | $210.2M | ||
| Q2 24 | $1.4B | $179.2M |
总债务CARTCRL
| Q1 26 | — | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B |
股东权益CARTCRL
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.3B | $3.4B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | $3.1B | $3.5B | ||
| Q3 24 | $2.9B | $3.8B | ||
| Q2 24 | $3.0B | $3.7B |
总资产CARTCRL
| Q1 26 | — | $7.7B | ||
| Q4 25 | $3.7B | $7.1B | ||
| Q3 25 | $4.5B | $7.5B | ||
| Q2 25 | $4.4B | $7.6B | ||
| Q1 25 | $4.3B | $7.6B | ||
| Q4 24 | $4.1B | $7.5B | ||
| Q3 24 | $3.9B | $8.0B | ||
| Q2 24 | $4.0B | $7.9B |
负债/权益比CARTCRL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.65× |
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 | $41.1M |
| 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% | 5.6% |
| 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CARTCRL
| Q1 26 | — | $41.1M | ||
| Q4 25 | $183.0M | $147.5M | ||
| Q3 25 | $287.0M | $213.8M | ||
| Q2 25 | $203.0M | $204.6M | ||
| Q1 25 | $298.0M | $171.7M | ||
| Q4 24 | $153.0M | $159.4M | ||
| Q3 24 | $185.0M | $251.8M | ||
| Q2 24 | $244.0M | $193.5M |
自由现金流CARTCRL
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $58.6M | ||
| Q3 25 | $272.0M | $178.2M | ||
| Q2 25 | $187.0M | $169.3M | ||
| Q1 25 | $280.0M | $112.4M | ||
| Q4 24 | $141.0M | $83.7M | ||
| Q3 24 | $171.0M | $213.1M | ||
| Q2 24 | $220.0M | $154.0M |
自由现金流率CARTCRL
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 5.9% | ||
| Q3 25 | 29.0% | 17.7% | ||
| Q2 25 | 20.5% | 16.4% | ||
| Q1 25 | 31.2% | 11.4% | ||
| Q4 24 | 16.0% | 8.4% | ||
| Q3 24 | 20.1% | 21.1% | ||
| Q2 24 | 26.7% | 15.0% |
资本支出强度CARTCRL
| Q1 26 | — | 5.6% | ||
| Q4 25 | 1.2% | 8.9% | ||
| Q3 25 | 1.6% | 3.5% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 2.0% | 6.0% | ||
| Q4 24 | 1.4% | 7.5% | ||
| Q3 24 | 1.6% | 3.8% | ||
| Q2 24 | 2.9% | 3.8% |
现金转化率CARTCRL
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 3.93× | ||
| Q2 25 | 1.75× | 3.91× | ||
| Q1 25 | 2.81× | 6.74× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 3.61× | ||
| Q2 24 | 4.00× | 2.06× |
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% |
CRL
| Service revenue | $798.2M | 80% |
| Product revenue | $197.7M | 20% |
