vs
Maplebear Inc.（CART）与AMCON DISTRIBUTING CO（DIT）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AMCON DISTRIBUTING CO的1.4倍（$992.0M vs $730.1M），Maplebear Inc.净利率更高（8.2% vs 0.1%，领先8.1%），Maplebear Inc.同比增速更快（12.3% vs 2.6%），Maplebear Inc.自由现金流更多（$171.0M vs $-12.4M），过去两年AMCON DISTRIBUTING CO的营收复合增速更高（10.1% 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。
AMCON Distributing Co是一家总部位于美国的消费品分销企业，主营食品、饮料、美妆个护、烟草及日用百货的分销业务，主要服务美国本土的独立便利店、食品零售商、药店及其他小型零售网点。
CART vs DIT — 直观对比
营收规模更大
CART
是对方的1.4倍
$730.1M
营收增速更快
CART
高出9.7%
2.6%
净利率更高
CART
高出8.1%
0.1%
自由现金流更多
CART
多$183.4M
$-12.4M
两年增速更快
DIT
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $730.1M |
| 净利润 | $81.0M | $793.0K |
| 毛利率 | 72.3% | 6.6% |
| 营业利润率 | 9.9% | 0.5% |
| 净利率 | 8.2% | 0.1% |
| 营收同比 | 12.3% | 2.6% |
| 净利润同比 | -45.3% | 127.6% |
| 每股收益（稀释后） | $0.31 | $1.28 |
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CARTDIT
| Q4 25 | $992.0M | $730.1M | ||
| Q3 25 | $939.0M | $746.3M | ||
| Q2 25 | $914.0M | $739.6M | ||
| Q1 25 | $897.0M | $619.5M | ||
| Q4 24 | $883.0M | $711.3M | ||
| Q3 24 | $852.0M | $746.3M | ||
| Q2 24 | $823.0M | $717.9M | ||
| Q1 24 | $820.0M | $601.9M |
净利润CARTDIT
| Q4 25 | $81.0M | $793.0K | ||
| Q3 25 | $144.0M | $491.7K | ||
| Q2 25 | $116.0M | $1.3M | ||
| Q1 25 | $106.0M | $-1.6M | ||
| Q4 24 | $148.0M | $348.4K | ||
| Q3 24 | $118.0M | $1.2M | ||
| Q2 24 | $61.0M | $1.5M | ||
| Q1 24 | $130.0M | $539.5K |
毛利率CARTDIT
| Q4 25 | 72.3% | 6.6% | ||
| Q3 25 | 73.7% | 6.5% | ||
| Q2 25 | 74.2% | 6.7% | ||
| Q1 25 | 74.8% | 6.9% | ||
| Q4 24 | 75.2% | 6.6% | ||
| Q3 24 | 75.2% | 6.5% | ||
| Q2 24 | 75.7% | 6.7% | ||
| Q1 24 | 74.9% | 7.0% |
营业利润率CARTDIT
| Q4 25 | 9.9% | 0.5% | ||
| Q3 25 | 17.7% | 0.5% | ||
| Q2 25 | 13.6% | 0.7% | ||
| Q1 25 | 12.3% | 0.1% | ||
| Q4 24 | 17.6% | 0.5% | ||
| Q3 24 | 16.2% | 0.7% | ||
| Q2 24 | 6.3% | 0.8% | ||
| Q1 24 | 17.6% | 0.6% |
净利率CARTDIT
| Q4 25 | 8.2% | 0.1% | ||
| Q3 25 | 15.3% | 0.1% | ||
| Q2 25 | 12.7% | 0.2% | ||
| Q1 25 | 11.8% | -0.3% | ||
| Q4 24 | 16.8% | 0.0% | ||
| Q3 24 | 13.8% | 0.2% | ||
| Q2 24 | 7.4% | 0.2% | ||
| Q1 24 | 15.9% | 0.1% |
每股收益（稀释后）CARTDIT
| Q4 25 | $0.31 | $1.28 | ||
| Q3 25 | $0.51 | $0.80 | ||
| Q2 25 | $0.41 | $2.13 | ||
| Q1 25 | $0.37 | $-2.58 | ||
| Q4 24 | $0.53 | $0.57 | ||
| Q3 24 | $0.42 | $2.02 | ||
| Q2 24 | $0.20 | $2.46 | ||
| Q1 24 | $0.43 | $0.89 |
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 | — | — |
| 股东权益账面价值 | $2.5B | $114.1M |
| 总资产 | $3.7B | $378.7M |
| 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CARTDIT
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总债务CARTDIT
| Q4 25 | — | — | ||
| Q3 25 | — | $16.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $21.8M | ||
| Q2 24 | — | $23.3M | ||
| Q1 24 | — | $20.5M |
股东权益CARTDIT
| Q4 25 | $2.5B | $114.1M | ||
| Q3 25 | $3.5B | $113.1M | ||
| Q2 25 | $3.3B | $113.2M | ||
| Q1 25 | $3.2B | $111.4M | ||
| Q4 24 | $3.1B | $112.4M | ||
| Q3 24 | $2.9B | $111.7M | ||
| Q2 24 | $3.0B | $110.0M | ||
| Q1 24 | $3.1B | $108.0M |
总资产CARTDIT
| Q4 25 | $3.7B | $378.7M | ||
| Q3 25 | $4.5B | $391.1M | ||
| Q2 25 | $4.4B | $393.9M | ||
| Q1 25 | $4.3B | $392.0M | ||
| Q4 24 | $4.1B | $404.7M | ||
| Q3 24 | $3.9B | $374.1M | ||
| Q2 24 | $4.0B | $400.6M | ||
| Q1 24 | $4.1B | $336.2M |
负债/权益比CARTDIT
| Q4 25 | — | — | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.19× |
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 | $-11.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-12.4M |
| 自由现金流率自由现金流/营收 | 17.2% | -1.7% |
| 资本支出强度资本支出/营收 | 1.2% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.26× | -14.75× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $40.6M |
8季度趋势，按日历期对齐
经营现金流CARTDIT
| Q4 25 | $183.0M | $-11.7M | ||
| Q3 25 | $287.0M | $31.1M | ||
| Q2 25 | $203.0M | $-7.0M | ||
| Q1 25 | $298.0M | $34.4M | ||
| Q4 24 | $153.0M | $-39.9M | ||
| Q3 24 | $185.0M | $41.0M | ||
| Q2 24 | $244.0M | $-26.9M | ||
| Q1 24 | $105.0M | $48.8M |
自由现金流CARTDIT
| Q4 25 | $171.0M | $-12.4M | ||
| Q3 25 | $272.0M | $30.4M | ||
| Q2 25 | $187.0M | $-8.8M | ||
| Q1 25 | $280.0M | $31.4M | ||
| Q4 24 | $141.0M | $-43.3M | ||
| Q3 24 | $171.0M | $37.4M | ||
| Q2 24 | $220.0M | $-32.6M | ||
| Q1 24 | $91.0M | $41.6M |
自由现金流率CARTDIT
| Q4 25 | 17.2% | -1.7% | ||
| Q3 25 | 29.0% | 4.1% | ||
| Q2 25 | 20.5% | -1.2% | ||
| Q1 25 | 31.2% | 5.1% | ||
| Q4 24 | 16.0% | -6.1% | ||
| Q3 24 | 20.1% | 5.0% | ||
| Q2 24 | 26.7% | -4.5% | ||
| Q1 24 | 11.1% | 6.9% |
资本支出强度CARTDIT
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 1.6% | 0.5% | ||
| Q2 24 | 2.9% | 0.8% | ||
| Q1 24 | 1.7% | 1.2% |
现金转化率CARTDIT
| Q4 25 | 2.26× | -14.75× | ||
| Q3 25 | 1.99× | 63.32× | ||
| Q2 25 | 1.75× | -5.33× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | -114.43× | ||
| Q3 24 | 1.57× | 33.16× | ||
| Q2 24 | 4.00× | -18.05× | ||
| Q1 24 | 0.81× | 90.37× |
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% |
DIT
| Cigarettes | $446.5M | 61% |
| Tobacco | $143.7M | 20% |
| Tobacco Food Service And Other | $82.3M | 11% |
| Confectionery | $46.7M | 6% |
| Retail Segment | $10.8M | 1% |
