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Maplebear Inc.（CART）与FactSet（FDS）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FactSet的1.6倍（$992.0M vs $607.6M），FactSet净利率更高（25.1% vs 8.2%，领先16.9%），Maplebear Inc.同比增速更快（12.3% vs 6.9%），Maplebear Inc.自由现金流更多（$171.0M vs $90.4M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 5.5%）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
CART vs FDS — 直观对比
营收规模更大
CART
是对方的1.6倍
$607.6M
营收增速更快
CART
高出5.5%
6.9%
净利率更高
FDS
高出16.9%
8.2%
自由现金流更多
CART
多$80.6M
$90.4M
两年增速更快
CART
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $607.6M |
| 净利润 | $81.0M | $152.6M |
| 毛利率 | 72.3% | 52.6% |
| 营业利润率 | 9.9% | 31.6% |
| 净利率 | 8.2% | 25.1% |
| 营收同比 | 12.3% | 6.9% |
| 净利润同比 | -45.3% | 1.7% |
| 每股收益（稀释后） | $0.31 | $4.06 |
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CARTFDS
| Q4 25 | $992.0M | $607.6M | ||
| Q3 25 | $939.0M | $596.9M | ||
| Q2 25 | $914.0M | $585.5M | ||
| Q1 25 | $897.0M | $570.7M | ||
| Q4 24 | $883.0M | $568.7M | ||
| Q3 24 | $852.0M | $562.2M | ||
| Q2 24 | $823.0M | $552.7M | ||
| Q1 24 | $820.0M | $545.9M |
净利润CARTFDS
| Q4 25 | $81.0M | $152.6M | ||
| Q3 25 | $144.0M | $153.6M | ||
| Q2 25 | $116.0M | $148.5M | ||
| Q1 25 | $106.0M | $144.9M | ||
| Q4 24 | $148.0M | $150.0M | ||
| Q3 24 | $118.0M | $89.5M | ||
| Q2 24 | $61.0M | $158.1M | ||
| Q1 24 | $130.0M | $140.9M |
毛利率CARTFDS
| Q4 25 | 72.3% | 52.6% | ||
| Q3 25 | 73.7% | 51.6% | ||
| Q2 25 | 74.2% | 52.1% | ||
| Q1 25 | 74.8% | 52.8% | ||
| Q4 24 | 75.2% | 54.5% | ||
| Q3 24 | 75.2% | 54.1% | ||
| Q2 24 | 75.7% | 55.3% | ||
| Q1 24 | 74.9% | 53.3% |
营业利润率CARTFDS
| Q4 25 | 9.9% | 31.6% | ||
| Q3 25 | 17.7% | 29.7% | ||
| Q2 25 | 13.6% | 33.2% | ||
| Q1 25 | 12.3% | 32.5% | ||
| Q4 24 | 17.6% | 33.6% | ||
| Q3 24 | 16.2% | 22.7% | ||
| Q2 24 | 6.3% | 36.6% | ||
| Q1 24 | 17.6% | 33.3% |
净利率CARTFDS
| Q4 25 | 8.2% | 25.1% | ||
| Q3 25 | 15.3% | 25.7% | ||
| Q2 25 | 12.7% | 25.4% | ||
| Q1 25 | 11.8% | 25.4% | ||
| Q4 24 | 16.8% | 26.4% | ||
| Q3 24 | 13.8% | 15.9% | ||
| Q2 24 | 7.4% | 28.6% | ||
| Q1 24 | 15.9% | 25.8% |
每股收益（稀释后）CARTFDS
| Q4 25 | $0.31 | $4.06 | ||
| Q3 25 | $0.51 | $4.03 | ||
| Q2 25 | $0.41 | $3.87 | ||
| Q1 25 | $0.37 | $3.76 | ||
| Q4 24 | $0.53 | $3.89 | ||
| Q3 24 | $0.42 | $2.33 | ||
| Q2 24 | $0.20 | $4.09 | ||
| Q1 24 | $0.43 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $2.5B | $2.2B |
| 总资产 | $3.7B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资CARTFDS
| Q4 25 | $687.0M | $292.7M | ||
| Q3 25 | $1.7B | $355.1M | ||
| Q2 25 | $1.6B | $364.0M | ||
| Q1 25 | $1.6B | $287.0M | ||
| Q4 24 | $1.4B | $358.8M | ||
| Q3 24 | $1.3B | $492.6M | ||
| Q2 24 | $1.4B | $522.0M | ||
| Q1 24 | $1.5B | $450.2M |
总债务CARTFDS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.5B |
股东权益CARTFDS
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $3.5B | $2.2B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $3.1B | $1.8B |
总资产CARTFDS
| Q4 25 | $3.7B | $4.2B | ||
| Q3 25 | $4.5B | $4.3B | ||
| Q2 25 | $4.4B | $4.3B | ||
| Q1 25 | $4.3B | $4.2B | ||
| Q4 24 | $4.1B | $4.0B | ||
| Q3 24 | $3.9B | $4.1B | ||
| Q2 24 | $4.0B | $4.0B | ||
| Q1 24 | $4.1B | $4.0B |
负债/权益比CARTFDS
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.63× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $90.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 14.9% |
| 资本支出强度资本支出/营收 | 1.2% | 5.1% |
| 现金转化率经营现金流/净利润 | 2.26× | 0.79× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $647.4M |
8季度趋势，按日历期对齐
经营现金流CARTFDS
| Q4 25 | $183.0M | $121.3M | ||
| Q3 25 | $287.0M | $212.1M | ||
| Q2 25 | $203.0M | $253.8M | ||
| Q1 25 | $298.0M | $174.0M | ||
| Q4 24 | $153.0M | $86.4M | ||
| Q3 24 | $185.0M | $163.2M | ||
| Q2 24 | $244.0M | $238.2M | ||
| Q1 24 | $105.0M | $143.8M |
自由现金流CARTFDS
| Q4 25 | $171.0M | $90.4M | ||
| Q3 25 | $272.0M | $178.1M | ||
| Q2 25 | $187.0M | $228.6M | ||
| Q1 25 | $280.0M | $150.2M | ||
| Q4 24 | $141.0M | $60.5M | ||
| Q3 24 | $171.0M | $137.2M | ||
| Q2 24 | $220.0M | $216.9M | ||
| Q1 24 | $91.0M | $121.9M |
自由现金流率CARTFDS
| Q4 25 | 17.2% | 14.9% | ||
| Q3 25 | 29.0% | 29.8% | ||
| Q2 25 | 20.5% | 39.0% | ||
| Q1 25 | 31.2% | 26.3% | ||
| Q4 24 | 16.0% | 10.6% | ||
| Q3 24 | 20.1% | 24.4% | ||
| Q2 24 | 26.7% | 39.2% | ||
| Q1 24 | 11.1% | 22.3% |
资本支出强度CARTFDS
| Q4 25 | 1.2% | 5.1% | ||
| Q3 25 | 1.6% | 5.7% | ||
| Q2 25 | 1.8% | 4.3% | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 1.4% | 4.5% | ||
| Q3 24 | 1.6% | 4.6% | ||
| Q2 24 | 2.9% | 3.9% | ||
| Q1 24 | 1.7% | 4.0% |
现金转化率CARTFDS
| Q4 25 | 2.26× | 0.79× | ||
| Q3 25 | 1.99× | 1.38× | ||
| Q2 25 | 1.75× | 1.71× | ||
| Q1 25 | 2.81× | 1.20× | ||
| Q4 24 | 1.03× | 0.58× | ||
| Q3 24 | 1.57× | 1.82× | ||
| Q2 24 | 4.00× | 1.51× | ||
| Q1 24 | 0.81× | 1.02× |
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
