vs
Maplebear Inc.（CART）与EAGLE MATERIALS INC（EXP）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EAGLE MATERIALS INC的1.8倍（$992.0M vs $556.0M），EAGLE MATERIALS INC净利率更高（18.5% vs 8.2%，领先10.3%），Maplebear Inc.同比增速更快（12.3% vs -0.4%），Maplebear Inc.自由现金流更多（$171.0M vs $60.8M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 8.0%）
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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
CART vs EXP — 直观对比
营收规模更大
CART
是对方的1.8倍
$556.0M
营收增速更快
CART
高出12.7%
-0.4%
净利率更高
EXP
高出10.3%
8.2%
自由现金流更多
CART
多$110.2M
$60.8M
两年增速更快
CART
近两年复合增速
8.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $556.0M |
| 净利润 | $81.0M | $102.9M |
| 毛利率 | 72.3% | 28.9% |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | 18.5% |
| 营收同比 | 12.3% | -0.4% |
| 净利润同比 | -45.3% | -13.9% |
| 每股收益（稀释后） | $0.31 | $3.22 |
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CARTEXP
| Q4 25 | $992.0M | $556.0M | ||
| Q3 25 | $939.0M | $638.9M | ||
| Q2 25 | $914.0M | $634.7M | ||
| Q1 25 | $897.0M | $470.2M | ||
| Q4 24 | $883.0M | $558.0M | ||
| Q3 24 | $852.0M | $623.6M | ||
| Q2 24 | $823.0M | $608.7M | ||
| Q1 24 | $820.0M | $476.7M |
净利润CARTEXP
| Q4 25 | $81.0M | $102.9M | ||
| Q3 25 | $144.0M | $137.4M | ||
| Q2 25 | $116.0M | $123.4M | ||
| Q1 25 | $106.0M | $66.5M | ||
| Q4 24 | $148.0M | $119.6M | ||
| Q3 24 | $118.0M | $143.5M | ||
| Q2 24 | $61.0M | $133.8M | ||
| Q1 24 | $130.0M | $77.1M |
毛利率CARTEXP
| Q4 25 | 72.3% | 28.9% | ||
| Q3 25 | 73.7% | 31.3% | ||
| Q2 25 | 74.2% | 29.2% | ||
| Q1 25 | 74.8% | 22.2% | ||
| Q4 24 | 75.2% | 31.9% | ||
| Q3 24 | 75.2% | 32.7% | ||
| Q2 24 | 75.7% | 30.7% | ||
| Q1 24 | 74.9% | 25.1% |
营业利润率CARTEXP
| Q4 25 | 9.9% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 13.6% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | 32.8% | ||
| Q3 24 | 16.2% | 34.2% | ||
| Q2 24 | 6.3% | 32.0% | ||
| Q1 24 | 17.6% | 26.9% |
净利率CARTEXP
| Q4 25 | 8.2% | 18.5% | ||
| Q3 25 | 15.3% | 21.5% | ||
| Q2 25 | 12.7% | 19.4% | ||
| Q1 25 | 11.8% | 14.1% | ||
| Q4 24 | 16.8% | 21.4% | ||
| Q3 24 | 13.8% | 23.0% | ||
| Q2 24 | 7.4% | 22.0% | ||
| Q1 24 | 15.9% | 16.2% |
每股收益（稀释后）CARTEXP
| Q4 25 | $0.31 | $3.22 | ||
| Q3 25 | $0.51 | $4.23 | ||
| Q2 25 | $0.41 | $3.76 | ||
| Q1 25 | $0.37 | $2.01 | ||
| Q4 24 | $0.53 | $3.56 | ||
| Q3 24 | $0.42 | $4.26 | ||
| Q2 24 | $0.20 | $3.94 | ||
| Q1 24 | $0.43 | $2.23 |
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 | $419.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $1.5B |
| 总资产 | $3.7B | $3.8B |
| 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CARTEXP
| Q4 25 | $687.0M | $419.0M | ||
| Q3 25 | $1.7B | $35.0M | ||
| Q2 25 | $1.6B | $59.7M | ||
| Q1 25 | $1.6B | $20.4M | ||
| Q4 24 | $1.4B | $31.2M | ||
| Q3 24 | $1.3B | $93.9M | ||
| Q2 24 | $1.4B | $46.5M | ||
| Q1 24 | $1.5B | $34.9M |
总债务CARTEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.1B |
股东权益CARTEXP
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $3.1B | $1.3B |
总资产CARTEXP
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $4.5B | $3.4B | ||
| Q2 25 | $4.4B | $3.4B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $4.0B | $3.0B | ||
| Q1 24 | $4.1B | $2.9B |
负债/权益比CARTEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $60.8M |
| 自由现金流率自由现金流/营收 | 17.2% | 10.9% |
| 资本支出强度资本支出/营收 | 1.2% | 19.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $231.8M |
8季度趋势，按日历期对齐
经营现金流CARTEXP
| Q4 25 | $183.0M | $170.8M | ||
| Q3 25 | $287.0M | $204.6M | ||
| Q2 25 | $203.0M | $136.6M | ||
| Q1 25 | $298.0M | $62.8M | ||
| Q4 24 | $153.0M | $119.9M | ||
| Q3 24 | $185.0M | $233.3M | ||
| Q2 24 | $244.0M | $132.6M | ||
| Q1 24 | $105.0M | $63.4M |
自由现金流CARTEXP
| Q4 25 | $171.0M | $60.8M | ||
| Q3 25 | $272.0M | $96.1M | ||
| Q2 25 | $187.0M | $60.5M | ||
| Q1 25 | $280.0M | $14.5M | ||
| Q4 24 | $141.0M | $72.5M | ||
| Q3 24 | $171.0M | $166.8M | ||
| Q2 24 | $220.0M | $99.5M | ||
| Q1 24 | $91.0M | $30.9M |
自由现金流率CARTEXP
| Q4 25 | 17.2% | 10.9% | ||
| Q3 25 | 29.0% | 15.0% | ||
| Q2 25 | 20.5% | 9.5% | ||
| Q1 25 | 31.2% | 3.1% | ||
| Q4 24 | 16.0% | 13.0% | ||
| Q3 24 | 20.1% | 26.7% | ||
| Q2 24 | 26.7% | 16.3% | ||
| Q1 24 | 11.1% | 6.5% |
资本支出强度CARTEXP
| Q4 25 | 1.2% | 19.8% | ||
| Q3 25 | 1.6% | 17.0% | ||
| Q2 25 | 1.8% | 12.0% | ||
| Q1 25 | 2.0% | 10.3% | ||
| Q4 24 | 1.4% | 8.5% | ||
| Q3 24 | 1.6% | 10.7% | ||
| Q2 24 | 2.9% | 5.4% | ||
| Q1 24 | 1.7% | 6.8% |
现金转化率CARTEXP
| Q4 25 | 2.26× | 1.66× | ||
| Q3 25 | 1.99× | 1.49× | ||
| Q2 25 | 1.75× | 1.11× | ||
| Q1 25 | 2.81× | 0.94× | ||
| Q4 24 | 1.03× | 1.00× | ||
| Q3 24 | 1.57× | 1.63× | ||
| Q2 24 | 4.00× | 0.99× | ||
| Q1 24 | 0.81× | 0.82× |
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% |
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
