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Maplebear Inc.（CART）与FTI CONSULTING, INC（FCN）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FTI CONSULTING, INC的1.0倍（$992.0M vs $990.7M），Maplebear Inc.净利率更高（8.2% vs 5.5%，领先2.7%），Maplebear Inc.同比增速更快（12.3% vs 10.7%），FTI CONSULTING, INC自由现金流更多（$351.4M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 3.3%）
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。
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
CART vs FCN — 直观对比
营收规模更大
CART
是对方的1.0倍
$990.7M
营收增速更快
CART
高出1.6%
10.7%
净利率更高
CART
高出2.7%
5.5%
自由现金流更多
FCN
多$180.4M
$171.0M
两年增速更快
CART
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $990.7M |
| 净利润 | $81.0M | $54.5M |
| 毛利率 | 72.3% | 31.1% |
| 营业利润率 | 9.9% | 9.4% |
| 净利率 | 8.2% | 5.5% |
| 营收同比 | 12.3% | 10.7% |
| 净利润同比 | -45.3% | 9.7% |
| 每股收益（稀释后） | $0.31 | $1.77 |
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CARTFCN
| Q4 25 | $992.0M | $990.7M | ||
| Q3 25 | $939.0M | $956.2M | ||
| Q2 25 | $914.0M | $943.7M | ||
| Q1 25 | $897.0M | $898.3M | ||
| Q4 24 | $883.0M | $894.9M | ||
| Q3 24 | $852.0M | $926.0M | ||
| Q2 24 | $823.0M | $949.2M | ||
| Q1 24 | $820.0M | $928.6M |
净利润CARTFCN
| Q4 25 | $81.0M | $54.5M | ||
| Q3 25 | $144.0M | $82.8M | ||
| Q2 25 | $116.0M | $71.7M | ||
| Q1 25 | $106.0M | $61.8M | ||
| Q4 24 | $148.0M | $49.7M | ||
| Q3 24 | $118.0M | $66.5M | ||
| Q2 24 | $61.0M | $83.9M | ||
| Q1 24 | $130.0M | $80.0M |
毛利率CARTFCN
| Q4 25 | 72.3% | 31.1% | ||
| Q3 25 | 73.7% | 33.3% | ||
| Q2 25 | 74.2% | 32.1% | ||
| Q1 25 | 74.8% | 32.2% | ||
| Q4 24 | 75.2% | 30.2% | ||
| Q3 24 | 75.2% | 32.2% | ||
| Q2 24 | 75.7% | 32.8% | ||
| Q1 24 | 74.9% | 32.6% |
营业利润率CARTFCN
| Q4 25 | 9.9% | 9.4% | ||
| Q3 25 | 17.7% | 12.3% | ||
| Q2 25 | 13.6% | 10.5% | ||
| Q1 25 | 12.3% | 8.8% | ||
| Q4 24 | 17.6% | 5.9% | ||
| Q3 24 | 16.2% | 9.8% | ||
| Q2 24 | 6.3% | 11.0% | ||
| Q1 24 | 17.6% | 10.7% |
净利率CARTFCN
| Q4 25 | 8.2% | 5.5% | ||
| Q3 25 | 15.3% | 8.7% | ||
| Q2 25 | 12.7% | 7.6% | ||
| Q1 25 | 11.8% | 6.9% | ||
| Q4 24 | 16.8% | 5.6% | ||
| Q3 24 | 13.8% | 7.2% | ||
| Q2 24 | 7.4% | 8.8% | ||
| Q1 24 | 15.9% | 8.6% |
每股收益（稀释后）CARTFCN
| Q4 25 | $0.31 | $1.77 | ||
| Q3 25 | $0.51 | $2.60 | ||
| Q2 25 | $0.41 | $2.13 | ||
| Q1 25 | $0.37 | $1.74 | ||
| Q4 24 | $0.53 | $1.39 | ||
| Q3 24 | $0.42 | $1.85 | ||
| Q2 24 | $0.20 | $2.34 | ||
| 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 | $265.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $1.7B |
| 总资产 | $3.7B | $3.5B |
| 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CARTFCN
| Q4 25 | $687.0M | $265.1M | ||
| Q3 25 | $1.7B | $146.0M | ||
| Q2 25 | $1.6B | $152.8M | ||
| Q1 25 | $1.6B | $151.1M | ||
| Q4 24 | $1.4B | $660.5M | ||
| Q3 24 | $1.3B | $386.3M | ||
| Q2 24 | $1.4B | $226.4M | ||
| Q1 24 | $1.5B | $244.0M |
总债务CARTFCN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | — | $205.0M |
股东权益CARTFCN
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.3B | $1.9B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $3.1B | $2.1B |
总资产CARTFCN
| Q4 25 | $3.7B | $3.5B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.4B | $3.5B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | $4.1B | $3.6B | ||
| Q3 24 | $3.9B | $3.5B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $4.1B | $3.3B |
负债/权益比CARTFCN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.10× |
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 | $359.8M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $351.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 35.5% |
| 资本支出强度资本支出/营收 | 1.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 6.60× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $93.6M |
8季度趋势，按日历期对齐
经营现金流CARTFCN
| Q4 25 | $183.0M | $359.8M | ||
| Q3 25 | $287.0M | $201.9M | ||
| Q2 25 | $203.0M | $55.7M | ||
| Q1 25 | $298.0M | $-465.2M | ||
| Q4 24 | $153.0M | $315.3M | ||
| Q3 24 | $185.0M | $219.4M | ||
| Q2 24 | $244.0M | $135.2M | ||
| Q1 24 | $105.0M | $-274.8M |
自由现金流CARTFCN
| Q4 25 | $171.0M | $351.4M | ||
| Q3 25 | $272.0M | $187.0M | ||
| Q2 25 | $187.0M | $38.3M | ||
| Q1 25 | $280.0M | $-483.0M | ||
| Q4 24 | $141.0M | $301.6M | ||
| Q3 24 | $171.0M | $212.3M | ||
| Q2 24 | $220.0M | $125.2M | ||
| Q1 24 | $91.0M | $-279.5M |
自由现金流率CARTFCN
| Q4 25 | 17.2% | 35.5% | ||
| Q3 25 | 29.0% | 19.6% | ||
| Q2 25 | 20.5% | 4.1% | ||
| Q1 25 | 31.2% | -53.8% | ||
| Q4 24 | 16.0% | 33.7% | ||
| Q3 24 | 20.1% | 22.9% | ||
| Q2 24 | 26.7% | 13.2% | ||
| Q1 24 | 11.1% | -30.1% |
资本支出强度CARTFCN
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.6% | 1.6% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.0% | 2.0% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.6% | 0.8% | ||
| Q2 24 | 2.9% | 1.1% | ||
| Q1 24 | 1.7% | 0.5% |
现金转化率CARTFCN
| Q4 25 | 2.26× | 6.60× | ||
| Q3 25 | 1.99× | 2.44× | ||
| Q2 25 | 1.75× | 0.78× | ||
| Q1 25 | 2.81× | -7.52× | ||
| Q4 24 | 1.03× | 6.34× | ||
| Q3 24 | 1.57× | 3.30× | ||
| Q2 24 | 4.00× | 1.61× | ||
| Q1 24 | 0.81× | -3.44× |
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% |
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
