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Maplebear Inc.（CART）与BRINKER INTERNATIONAL, INC（EAT）财务数据对比。点击上方公司名可切换其他公司
BRINKER INTERNATIONAL, INC的季度营收约是Maplebear Inc.的1.5倍（$1.5B vs $992.0M），BRINKER INTERNATIONAL, INC净利率更高（8.8% vs 8.2%，领先0.7%），Maplebear Inc.同比增速更快（12.3% vs 6.9%），Maplebear Inc.自由现金流更多（$171.0M vs $155.2M），过去两年BRINKER INTERNATIONAL, INC的营收复合增速更高（13.9% 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。
Brinker International, Inc.是美国跨国餐饮企业，成立于1975年，总部位于得克萨斯州达拉斯，旗下拥有Chili's和Maggiano's Little Italy两大知名连锁餐饮品牌，目前在全球持有、运营或特许经营的上述品牌门店总计达1672家。
CART vs EAT — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.5B |
| 净利润 | $81.0M | $128.5M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 11.6% |
| 净利率 | 8.2% | 8.8% |
| 营收同比 | 12.3% | 6.9% |
| 净利润同比 | -45.3% | 8.4% |
| 每股收益（稀释后） | $0.31 | $2.86 |
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
| Q4 25 | $992.0M | $1.5B | ||
| Q3 25 | $939.0M | $1.3B | ||
| Q2 25 | $914.0M | $1.5B | ||
| Q1 25 | $897.0M | $1.4B | ||
| Q4 24 | $883.0M | $1.4B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.2B | ||
| Q1 24 | $820.0M | $1.1B |
| Q4 25 | $81.0M | $128.5M | ||
| Q3 25 | $144.0M | $99.5M | ||
| Q2 25 | $116.0M | $107.0M | ||
| Q1 25 | $106.0M | $119.1M | ||
| Q4 24 | $148.0M | $118.5M | ||
| Q3 24 | $118.0M | $38.5M | ||
| Q2 24 | $61.0M | $57.3M | ||
| Q1 24 | $130.0M | $48.7M |
| 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% | — |
| Q4 25 | 9.9% | 11.6% | ||
| Q3 25 | 17.7% | 8.7% | ||
| Q2 25 | 13.6% | 9.8% | ||
| Q1 25 | 12.3% | 11.0% | ||
| Q4 24 | 17.6% | 11.5% | ||
| Q3 24 | 16.2% | 5.0% | ||
| Q2 24 | 6.3% | 6.1% | ||
| Q1 24 | 17.6% | 6.2% |
| Q4 25 | 8.2% | 8.8% | ||
| Q3 25 | 15.3% | 7.4% | ||
| Q2 25 | 12.7% | 7.3% | ||
| Q1 25 | 11.8% | 8.4% | ||
| Q4 24 | 16.8% | 8.7% | ||
| Q3 24 | 13.8% | 3.4% | ||
| Q2 24 | 7.4% | 4.7% | ||
| Q1 24 | 15.9% | 4.3% |
| Q4 25 | $0.31 | $2.86 | ||
| Q3 25 | $0.51 | $2.17 | ||
| Q2 25 | $0.41 | $2.31 | ||
| Q1 25 | $0.37 | $2.56 | ||
| Q4 24 | $0.53 | $2.61 | ||
| Q3 24 | $0.42 | $0.84 | ||
| Q2 24 | $0.20 | $1.22 | ||
| Q1 24 | $0.43 | $1.08 |
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 | $15.0M |
| 总债务越低越好 | — | $451.3M |
| 股东权益账面价值 | $2.5B | $379.3M |
| 总资产 | $3.7B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 1.19× |
8季度趋势，按日历期对齐
| Q4 25 | $687.0M | $15.0M | ||
| Q3 25 | $1.7B | $33.6M | ||
| Q2 25 | $1.6B | $18.9M | ||
| Q1 25 | $1.6B | $17.5M | ||
| Q4 24 | $1.4B | $14.8M | ||
| Q3 24 | $1.3B | $16.2M | ||
| Q2 24 | $1.4B | $64.6M | ||
| Q1 24 | $1.5B | $15.5M |
| Q4 25 | — | $451.3M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $426.0M | ||
| Q1 25 | — | $518.3M | ||
| Q4 24 | — | $652.0M | ||
| Q3 24 | — | $806.9M | ||
| Q2 24 | — | $786.3M | ||
| Q1 24 | — | $818.5M |
| Q4 25 | $2.5B | $379.3M | ||
| Q3 25 | $3.5B | $343.9M | ||
| Q2 25 | $3.3B | $370.9M | ||
| Q1 25 | $3.2B | $259.0M | ||
| Q4 24 | $3.1B | $131.5M | ||
| Q3 24 | $2.9B | $12.7M | ||
| Q2 24 | $3.0B | $39.4M | ||
| Q1 24 | $3.1B | $-46.7M |
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $4.5B | $2.7B | ||
| Q2 25 | $4.4B | $2.7B | ||
| Q1 25 | $4.3B | $2.6B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.9B | $2.5B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $4.1B | $2.5B |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.53× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | — | 4.96× | ||
| Q3 24 | — | 63.54× | ||
| Q2 24 | — | 19.96× | ||
| 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 | $218.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $155.2M |
| 自由现金流率自由现金流/营收 | 17.2% | 10.7% |
| 资本支出强度资本支出/营收 | 1.2% | 4.4% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.70× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $455.9M |
8季度趋势，按日历期对齐
| Q4 25 | $183.0M | $218.9M | ||
| Q3 25 | $287.0M | $120.8M | ||
| Q2 25 | $203.0M | $186.0M | ||
| Q1 25 | $298.0M | $212.0M | ||
| Q4 24 | $153.0M | $218.2M | ||
| Q3 24 | $185.0M | $62.8M | ||
| Q2 24 | $244.0M | $141.5M | ||
| Q1 24 | $105.0M | $130.1M |
| Q4 25 | $171.0M | $155.2M | ||
| Q3 25 | $272.0M | $62.2M | ||
| Q2 25 | $187.0M | $106.1M | ||
| Q1 25 | $280.0M | $132.4M | ||
| Q4 24 | $141.0M | $168.9M | ||
| Q3 24 | $171.0M | $6.3M | ||
| Q2 24 | $220.0M | $83.5M | ||
| Q1 24 | $91.0M | $78.7M |
| Q4 25 | 17.2% | 10.7% | ||
| Q3 25 | 29.0% | 4.6% | ||
| Q2 25 | 20.5% | 7.3% | ||
| Q1 25 | 31.2% | 9.3% | ||
| Q4 24 | 16.0% | 12.4% | ||
| Q3 24 | 20.1% | 0.6% | ||
| Q2 24 | 26.7% | 6.9% | ||
| Q1 24 | 11.1% | 7.0% |
| Q4 25 | 1.2% | 4.4% | ||
| Q3 25 | 1.6% | 4.3% | ||
| Q2 25 | 1.8% | 5.5% | ||
| Q1 25 | 2.0% | 5.6% | ||
| Q4 24 | 1.4% | 3.6% | ||
| Q3 24 | 1.6% | 5.0% | ||
| Q2 24 | 2.9% | 4.8% | ||
| Q1 24 | 1.7% | 4.6% |
| Q4 25 | 2.26× | 1.70× | ||
| Q3 25 | 1.99× | 1.21× | ||
| Q2 25 | 1.75× | 1.74× | ||
| Q1 25 | 2.81× | 1.78× | ||
| Q4 24 | 1.03× | 1.84× | ||
| Q3 24 | 1.57× | 1.63× | ||
| Q2 24 | 4.00× | 2.47× | ||
| Q1 24 | 0.81× | 2.67× |
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% |
EAT
| Chilis Restaurants | $1.3B | 91% |
| Maggianos Restaurants | $134.9M | 9% |
| Franchise Revenues | $13.4M | 1% |
