vs
Maplebear Inc.（CART）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是Maplebear Inc.的1.4倍（$1.4B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 7.8%，领先0.4%），EPAM Systems同比增速更快（12.8% vs 12.3%），EPAM Systems自由现金流更多（$268.1M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 9.9%）
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。
EPAM Systems是总部位于美国宾夕法尼亚州纽敦的企业，核心业务涵盖软件工程服务、数字平台研发、数字产品设计三大板块，同时是MACH联盟的创始成员，在全球数字化服务赛道拥有深厚的技术积累与行业认可度。
CART vs EPAM — 直观对比
营收规模更大
EPAM
是对方的1.4倍
$992.0M
营收增速更快
EPAM
高出0.4%
12.3%
净利率更高
CART
高出0.4%
7.8%
自由现金流更多
EPAM
多$97.1M
$171.0M
两年增速更快
CART
近两年复合增速
9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.4B |
| 净利润 | $81.0M | $109.4M |
| 毛利率 | 72.3% | 30.1% |
| 营业利润率 | 9.9% | 10.6% |
| 净利率 | 8.2% | 7.8% |
| 营收同比 | 12.3% | 12.8% |
| 净利润同比 | -45.3% | 5.9% |
| 每股收益（稀释后） | $0.31 | $1.97 |
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CARTEPAM
| Q4 25 | $992.0M | $1.4B | ||
| Q3 25 | $939.0M | $1.4B | ||
| Q2 25 | $914.0M | $1.4B | ||
| Q1 25 | $897.0M | $1.3B | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.2B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.2B |
净利润CARTEPAM
| Q4 25 | $81.0M | $109.4M | ||
| Q3 25 | $144.0M | $106.8M | ||
| Q2 25 | $116.0M | $88.0M | ||
| Q1 25 | $106.0M | $73.5M | ||
| Q4 24 | $148.0M | $103.3M | ||
| Q3 24 | $118.0M | $136.3M | ||
| Q2 24 | $61.0M | $98.6M | ||
| Q1 24 | $130.0M | $116.2M |
毛利率CARTEPAM
| Q4 25 | 72.3% | 30.1% | ||
| Q3 25 | 73.7% | 29.5% | ||
| Q2 25 | 74.2% | 28.8% | ||
| Q1 25 | 74.8% | 26.9% | ||
| Q4 24 | 75.2% | 30.4% | ||
| Q3 24 | 75.2% | 34.6% | ||
| Q2 24 | 75.7% | 29.3% | ||
| Q1 24 | 74.9% | 28.4% |
营业利润率CARTEPAM
| Q4 25 | 9.9% | 10.6% | ||
| Q3 25 | 17.7% | 10.4% | ||
| Q2 25 | 13.6% | 9.3% | ||
| Q1 25 | 12.3% | 7.6% | ||
| Q4 24 | 17.6% | 10.9% | ||
| Q3 24 | 16.2% | 15.2% | ||
| Q2 24 | 6.3% | 10.5% | ||
| Q1 24 | 17.6% | 9.5% |
净利率CARTEPAM
| Q4 25 | 8.2% | 7.8% | ||
| Q3 25 | 15.3% | 7.7% | ||
| Q2 25 | 12.7% | 6.5% | ||
| Q1 25 | 11.8% | 5.6% | ||
| Q4 24 | 16.8% | 8.3% | ||
| Q3 24 | 13.8% | 11.7% | ||
| Q2 24 | 7.4% | 8.6% | ||
| Q1 24 | 15.9% | 10.0% |
每股收益（稀释后）CARTEPAM
| Q4 25 | $0.31 | $1.97 | ||
| Q3 25 | $0.51 | $1.91 | ||
| Q2 25 | $0.41 | $1.56 | ||
| Q1 25 | $0.37 | $1.28 | ||
| Q4 24 | $0.53 | $1.80 | ||
| Q3 24 | $0.42 | $2.37 | ||
| Q2 24 | $0.20 | $1.70 | ||
| Q1 24 | $0.43 | $1.97 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $3.7B |
| 总资产 | $3.7B | $4.9B |
| 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CARTEPAM
| Q4 25 | $687.0M | $1.3B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.5B | $2.0B |
股东权益CARTEPAM
| Q4 25 | $2.5B | $3.7B | ||
| Q3 25 | $3.5B | $3.7B | ||
| Q2 25 | $3.3B | $3.7B | ||
| Q1 25 | $3.2B | $3.6B | ||
| Q4 24 | $3.1B | $3.6B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $3.0B | $3.4B | ||
| Q1 24 | $3.1B | $3.5B |
总资产CARTEPAM
| Q4 25 | $3.7B | $4.9B | ||
| Q3 25 | $4.5B | $4.8B | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.3B | $4.7B | ||
| Q4 24 | $4.1B | $4.8B | ||
| Q3 24 | $3.9B | $4.5B | ||
| Q2 24 | $4.0B | $4.2B | ||
| Q1 24 | $4.1B | $4.4B |
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 | $282.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $268.1M |
| 自由现金流率自由现金流/营收 | 17.2% | 19.0% |
| 资本支出强度资本支出/营收 | 1.2% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.26× | 2.59× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $612.7M |
8季度趋势，按日历期对齐
经营现金流CARTEPAM
| Q4 25 | $183.0M | $282.9M | ||
| Q3 25 | $287.0M | $294.7M | ||
| Q2 25 | $203.0M | $53.2M | ||
| Q1 25 | $298.0M | $24.2M | ||
| Q4 24 | $153.0M | $130.3M | ||
| Q3 24 | $185.0M | $242.0M | ||
| Q2 24 | $244.0M | $57.0M | ||
| Q1 24 | $105.0M | $129.9M |
自由现金流CARTEPAM
| Q4 25 | $171.0M | $268.1M | ||
| Q3 25 | $272.0M | $286.4M | ||
| Q2 25 | $187.0M | $43.4M | ||
| Q1 25 | $280.0M | $14.8M | ||
| Q4 24 | $141.0M | $114.5M | ||
| Q3 24 | $171.0M | $237.0M | ||
| Q2 24 | $220.0M | $52.3M | ||
| Q1 24 | $91.0M | $123.2M |
自由现金流率CARTEPAM
| Q4 25 | 17.2% | 19.0% | ||
| Q3 25 | 29.0% | 20.5% | ||
| Q2 25 | 20.5% | 3.2% | ||
| Q1 25 | 31.2% | 1.1% | ||
| Q4 24 | 16.0% | 9.2% | ||
| Q3 24 | 20.1% | 20.3% | ||
| Q2 24 | 26.7% | 4.6% | ||
| Q1 24 | 11.1% | 10.6% |
资本支出强度CARTEPAM
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 1.4% | 1.3% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 2.9% | 0.4% | ||
| Q1 24 | 1.7% | 0.6% |
现金转化率CARTEPAM
| Q4 25 | 2.26× | 2.59× | ||
| Q3 25 | 1.99× | 2.76× | ||
| Q2 25 | 1.75× | 0.60× | ||
| Q1 25 | 2.81× | 0.33× | ||
| Q4 24 | 1.03× | 1.26× | ||
| Q3 24 | 1.57× | 1.77× | ||
| Q2 24 | 4.00× | 0.58× | ||
| Q1 24 | 0.81× | 1.12× |
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% |
EPAM
暂无分部数据
