vs
Maplebear Inc.（CART）与亿客行集团（EXPE）财务数据对比。点击上方公司名可切换其他公司
亿客行集团的季度营收约是Maplebear Inc.的3.6倍（$3.5B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 5.8%，领先2.4%），亿客行集团同比增速更快（18.7% vs 12.3%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -0.2%）
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。
亿客行集团是总部位于美国西雅图的在线旅游服务商，旗下旅行预订平台Expedia于1996年由微软推出。用户可通过其官方网站及移动应用预订机票、酒店、租车、邮轮、特色活动及度假短租等产品，为全球消费者提供便捷的一站式旅行服务解决方案。
CART vs EXPE — 直观对比
营收规模更大
EXPE
是对方的3.6倍
$992.0M
营收增速更快
EXPE
高出6.4%
12.3%
净利率更高
CART
高出2.4%
5.8%
两年增速更快
CART
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $3.5B |
| 净利润 | $81.0M | $205.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 11.8% |
| 净利率 | 8.2% | 5.8% |
| 营收同比 | 12.3% | 18.7% |
| 净利润同比 | -45.3% | 202.5% |
| 每股收益（稀释后） | $0.31 | $1.56 |
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CARTEXPE
| Q1 26 | — | $3.5B | ||
| Q4 25 | $992.0M | $3.5B | ||
| Q3 25 | $939.0M | $4.4B | ||
| Q2 25 | $914.0M | $3.8B | ||
| Q1 25 | $897.0M | $3.0B | ||
| Q4 24 | $883.0M | $3.2B | ||
| Q3 24 | $852.0M | $4.1B | ||
| Q2 24 | $823.0M | $3.6B |
净利润CARTEXPE
| Q1 26 | — | $205.0M | ||
| Q4 25 | $81.0M | $205.0M | ||
| Q3 25 | $144.0M | $959.0M | ||
| Q2 25 | $116.0M | $330.0M | ||
| Q1 25 | $106.0M | $-200.0M | ||
| Q4 24 | $148.0M | $299.0M | ||
| Q3 24 | $118.0M | $684.0M | ||
| Q2 24 | $61.0M | $386.0M |
毛利率CARTEXPE
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CARTEXPE
| Q1 26 | — | 11.8% | ||
| Q4 25 | 9.9% | 11.8% | ||
| Q3 25 | 17.7% | 23.5% | ||
| Q2 25 | 13.6% | 12.8% | ||
| Q1 25 | 12.3% | -2.3% | ||
| Q4 24 | 17.6% | 6.8% | ||
| Q3 24 | 16.2% | 18.8% | ||
| Q2 24 | 6.3% | 12.7% |
净利率CARTEXPE
| Q1 26 | — | 5.8% | ||
| Q4 25 | 8.2% | 5.8% | ||
| Q3 25 | 15.3% | 21.7% | ||
| Q2 25 | 12.7% | 8.7% | ||
| Q1 25 | 11.8% | -6.7% | ||
| Q4 24 | 16.8% | 9.4% | ||
| Q3 24 | 13.8% | 16.8% | ||
| Q2 24 | 7.4% | 10.8% |
每股收益（稀释后）CARTEXPE
| Q1 26 | — | $1.56 | ||
| Q4 25 | $0.31 | $1.56 | ||
| Q3 25 | $0.51 | $7.33 | ||
| Q2 25 | $0.41 | $2.48 | ||
| Q1 25 | $0.37 | $-1.56 | ||
| Q4 24 | $0.53 | $2.10 | ||
| Q3 24 | $0.42 | $5.04 | ||
| Q2 24 | $0.20 | $2.80 |
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 | $5.7B |
| 总债务越低越好 | — | $6.2B |
| 股东权益账面价值 | $2.5B | $1.3B |
| 总资产 | $3.7B | $24.5B |
| 负债/权益比越低杠杆越低 | — | 4.80× |
8季度趋势，按日历期对齐
现金及短期投资CARTEXPE
| Q1 26 | — | $5.7B | ||
| Q4 25 | $687.0M | $5.7B | ||
| Q3 25 | $1.7B | $6.2B | ||
| Q2 25 | $1.6B | $6.7B | ||
| Q1 25 | $1.6B | $6.1B | ||
| Q4 24 | $1.4B | $4.5B | ||
| Q3 24 | $1.3B | $4.9B | ||
| Q2 24 | $1.4B | $6.3B |
总债务CARTEXPE
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.2B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $6.3B |
股东权益CARTEXPE
| Q1 26 | — | $1.3B | ||
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $3.5B | $1.3B | ||
| Q2 25 | $3.3B | $836.0M | ||
| Q1 25 | $3.2B | $1.1B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $3.0B | $889.0M |
总资产CARTEXPE
| Q1 26 | — | $24.5B | ||
| Q4 25 | $3.7B | $24.5B | ||
| Q3 25 | $4.5B | $25.1B | ||
| Q2 25 | $4.4B | $27.0B | ||
| Q1 25 | $4.3B | $26.1B | ||
| Q4 24 | $4.1B | $22.4B | ||
| Q3 24 | $3.9B | $23.4B | ||
| Q2 24 | $4.0B | $25.9B |
负债/权益比CARTEXPE
| Q1 26 | — | 4.80× | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | — | 7.43× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 4.74× | ||
| Q2 24 | — | 7.04× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $171.0M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CARTEXPE
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $304.0M | ||
| Q3 25 | $287.0M | $-497.0M | ||
| Q2 25 | $203.0M | $1.1B | ||
| Q1 25 | $298.0M | $3.0B | ||
| Q4 24 | $153.0M | $198.0M | ||
| Q3 24 | $185.0M | $-1.5B | ||
| Q2 24 | $244.0M | $1.5B |
自由现金流CARTEXPE
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $119.0M | ||
| Q3 25 | $272.0M | $-686.0M | ||
| Q2 25 | $187.0M | $921.0M | ||
| Q1 25 | $280.0M | $2.8B | ||
| Q4 24 | $141.0M | $7.0M | ||
| Q3 24 | $171.0M | $-1.7B | ||
| Q2 24 | $220.0M | $1.3B |
自由现金流率CARTEXPE
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 3.4% | ||
| Q3 25 | 29.0% | -15.5% | ||
| Q2 25 | 20.5% | 24.3% | ||
| Q1 25 | 31.2% | 92.2% | ||
| Q4 24 | 16.0% | 0.2% | ||
| Q3 24 | 20.1% | -41.6% | ||
| Q2 24 | 26.7% | 36.7% |
资本支出强度CARTEXPE
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 5.2% | ||
| Q3 25 | 1.6% | 4.3% | ||
| Q2 25 | 1.8% | 5.3% | ||
| Q1 25 | 2.0% | 6.6% | ||
| Q4 24 | 1.4% | 6.0% | ||
| Q3 24 | 1.6% | 4.8% | ||
| Q2 24 | 2.9% | 5.5% |
现金转化率CARTEXPE
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.48× | ||
| Q3 25 | 1.99× | -0.52× | ||
| Q2 25 | 1.75× | 3.40× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 0.66× | ||
| Q3 24 | 1.57× | -2.18× | ||
| Q2 24 | 4.00× | 3.89× |
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% |
EXPE
暂无分部数据
