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Maplebear Inc.（CART）与Enovis CORP（ENOV）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Enovis CORP的1.8倍（$992.0M vs $548.9M），Maplebear Inc.净利率更高（8.2% vs -104.1%，领先112.2%），Maplebear Inc.同比增速更快（12.3% vs -2.2%），Maplebear Inc.自由现金流更多（$171.0M vs $29.1M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 9.8%）
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。
Enovis是一家专注于骨科领域的医疗科技企业，其前身是1995年由米切尔·雷尔斯和史蒂文·雷尔斯兄弟创立的科尔法克斯公司。公司总部位于特拉华州威尔明顿，目前在全球12个地点开展业务，拥有超过5000名员工，于纽约证券交易所上市，股票代码为ENOV。
CART vs ENOV — 直观对比
营收规模更大
CART
是对方的1.8倍
$548.9M
营收增速更快
CART
高出14.5%
-2.2%
净利率更高
CART
高出112.2%
-104.1%
自由现金流更多
CART
多$141.9M
$29.1M
两年增速更快
CART
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $548.9M |
| 净利润 | $81.0M | $-571.1M |
| 毛利率 | 72.3% | 59.9% |
| 营业利润率 | 9.9% | -101.7% |
| 净利率 | 8.2% | -104.1% |
| 营收同比 | 12.3% | -2.2% |
| 净利润同比 | -45.3% | 18.8% |
| 每股收益（稀释后） | $0.31 | $-9.99 |
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CARTENOV
| Q4 25 | $992.0M | $548.9M | ||
| Q3 25 | $939.0M | $564.5M | ||
| Q2 25 | $914.0M | $558.8M | ||
| Q1 25 | $897.0M | — | ||
| Q4 24 | $883.0M | $561.0M | ||
| Q3 24 | $852.0M | $505.2M | ||
| Q2 24 | $823.0M | $525.2M | ||
| Q1 24 | $820.0M | $516.3M |
净利润CARTENOV
| Q4 25 | $81.0M | $-571.1M | ||
| Q3 25 | $144.0M | $-36.7M | ||
| Q2 25 | $116.0M | $-56.0M | ||
| Q1 25 | $106.0M | — | ||
| Q4 24 | $148.0M | $-703.2M | ||
| Q3 24 | $118.0M | $-31.5M | ||
| Q2 24 | $61.0M | $-18.6M | ||
| Q1 24 | $130.0M | $-72.0M |
毛利率CARTENOV
| Q4 25 | 72.3% | 59.9% | ||
| Q3 25 | 73.7% | 59.3% | ||
| Q2 25 | 74.2% | 59.5% | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | 54.8% | ||
| Q3 24 | 75.2% | 56.7% | ||
| Q2 24 | 75.7% | 55.0% | ||
| Q1 24 | 74.9% | 57.7% |
营业利润率CARTENOV
| Q4 25 | 9.9% | -101.7% | ||
| Q3 25 | 17.7% | -3.0% | ||
| Q2 25 | 13.6% | -8.4% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | -118.5% | ||
| Q3 24 | 16.2% | -6.3% | ||
| Q2 24 | 6.3% | -8.4% | ||
| Q1 24 | 17.6% | -6.8% |
净利率CARTENOV
| Q4 25 | 8.2% | -104.1% | ||
| Q3 25 | 15.3% | -6.5% | ||
| Q2 25 | 12.7% | -10.0% | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 16.8% | -125.4% | ||
| Q3 24 | 13.8% | -6.2% | ||
| Q2 24 | 7.4% | -3.5% | ||
| Q1 24 | 15.9% | -13.9% |
每股收益（稀释后）CARTENOV
| Q4 25 | $0.31 | $-9.99 | ||
| Q3 25 | $0.51 | $-0.64 | ||
| Q2 25 | $0.41 | $-0.98 | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.53 | $-12.69 | ||
| Q3 24 | $0.42 | $-0.58 | ||
| Q2 24 | $0.20 | $-0.34 | ||
| Q1 24 | $0.43 | $-1.32 |
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 | $33.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $2.5B | $2.0B |
| 总资产 | $3.7B | $4.4B |
| 负债/权益比越低杠杆越低 | — | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CARTENOV
| Q4 25 | $687.0M | $33.6M | ||
| Q3 25 | $1.7B | $44.1M | ||
| Q2 25 | $1.6B | $38.5M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | $48.2M | ||
| Q3 24 | $1.3B | $35.4M | ||
| Q2 24 | $1.4B | $35.0M | ||
| Q1 24 | $1.5B | $66.3M |
总债务CARTENOV
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益CARTENOV
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $3.5B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $2.9B | $3.3B | ||
| Q2 24 | $3.0B | $3.3B | ||
| Q1 24 | $3.1B | $3.3B |
总资产CARTENOV
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $4.5B | $5.0B | ||
| Q2 25 | $4.4B | $4.9B | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.1B | $4.7B | ||
| Q3 24 | $3.9B | $5.6B | ||
| Q2 24 | $4.0B | $5.4B | ||
| Q1 24 | $4.1B | $5.5B |
负债/权益比CARTENOV
| Q4 25 | — | 0.67× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | — | 0.40× |
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 | $82.6M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $29.1M |
| 自由现金流率自由现金流/营收 | 17.2% | 5.3% |
| 资本支出强度资本支出/营收 | 1.2% | 9.7% |
| 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 | $22.8M |
8季度趋势，按日历期对齐
经营现金流CARTENOV
| Q4 25 | $183.0M | $82.6M | ||
| Q3 25 | $287.0M | $47.8M | ||
| Q2 25 | $203.0M | $-1.6M | ||
| Q1 25 | $298.0M | — | ||
| Q4 24 | $153.0M | $88.3M | ||
| Q3 24 | $185.0M | $53.6M | ||
| Q2 24 | $244.0M | $7.8M | ||
| Q1 24 | $105.0M | $-36.2M |
自由现金流CARTENOV
| Q4 25 | $171.0M | $29.1M | ||
| Q3 25 | $272.0M | $3.4M | ||
| Q2 25 | $187.0M | $-44.9M | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | $35.1M | ||
| Q3 24 | $171.0M | $2.4M | ||
| Q2 24 | $220.0M | $-31.6M | ||
| Q1 24 | $91.0M | $-73.1M |
自由现金流率CARTENOV
| Q4 25 | 17.2% | 5.3% | ||
| Q3 25 | 29.0% | 0.6% | ||
| Q2 25 | 20.5% | -8.0% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | 6.3% | ||
| Q3 24 | 20.1% | 0.5% | ||
| Q2 24 | 26.7% | -6.0% | ||
| Q1 24 | 11.1% | -14.2% |
资本支出强度CARTENOV
| Q4 25 | 1.2% | 9.7% | ||
| Q3 25 | 1.6% | 7.9% | ||
| Q2 25 | 1.8% | 7.7% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | 9.5% | ||
| Q3 24 | 1.6% | 10.1% | ||
| Q2 24 | 2.9% | 7.5% | ||
| Q1 24 | 1.7% | 7.2% |
现金转化率CARTENOV
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| 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% |
ENOV
| Reconstructive Segment | $258.0M | 47% |
| Surgical | $129.0M | 23% |
| Prevention And Recovery | $92.6M | 17% |
| Other Prevention And Recovery | $71.4M | 13% |
