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Maplebear Inc.（CART）与Fair Isaac（FICO）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Fair Isaac的1.9倍（$992.0M vs $512.0M），Fair Isaac净利率更高（30.9% vs 8.2%，领先22.8%），Fair Isaac同比增速更快（16.4% vs 12.3%），Fair Isaac自由现金流更多（$173.9M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 8.6%）
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。
FICO（原Fair, Isaac and Company）是美国知名数据分析企业，1956年由比尔·费尔与厄尔·艾萨克创立，总部位于蒙大拿州博兹曼市，核心业务为信用评分服务，其推出的FICO信用分是评估消费者信贷风险的重要指标，目前已被美国消费信贷行业广泛采用。
CART vs FICO — 直观对比
营收规模更大
CART
是对方的1.9倍
$512.0M
营收增速更快
FICO
高出4.0%
12.3%
净利率更高
FICO
高出22.8%
8.2%
自由现金流更多
FICO
多$2.9M
$171.0M
两年增速更快
CART
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $512.0M |
| 净利润 | $81.0M | $158.4M |
| 毛利率 | 72.3% | 83.0% |
| 营业利润率 | 9.9% | 45.7% |
| 净利率 | 8.2% | 30.9% |
| 营收同比 | 12.3% | 16.4% |
| 净利润同比 | -45.3% | 3.8% |
| 每股收益（稀释后） | $0.31 | $6.61 |
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CARTFICO
| Q4 25 | $992.0M | $512.0M | ||
| Q3 25 | $939.0M | $515.8M | ||
| Q2 25 | $914.0M | $536.4M | ||
| Q1 25 | $897.0M | $498.7M | ||
| Q4 24 | $883.0M | $440.0M | ||
| Q3 24 | $852.0M | $453.8M | ||
| Q2 24 | $823.0M | $447.8M | ||
| Q1 24 | $820.0M | $433.8M |
净利润CARTFICO
| Q4 25 | $81.0M | $158.4M | ||
| Q3 25 | $144.0M | $155.0M | ||
| Q2 25 | $116.0M | $181.8M | ||
| Q1 25 | $106.0M | $162.6M | ||
| Q4 24 | $148.0M | $152.5M | ||
| Q3 24 | $118.0M | $135.7M | ||
| Q2 24 | $61.0M | $126.3M | ||
| Q1 24 | $130.0M | $129.8M |
毛利率CARTFICO
| Q4 25 | 72.3% | 83.0% | ||
| Q3 25 | 73.7% | 82.3% | ||
| Q2 25 | 74.2% | 83.7% | ||
| Q1 25 | 74.8% | 82.4% | ||
| Q4 24 | 75.2% | 80.1% | ||
| Q3 24 | 75.2% | 80.3% | ||
| Q2 24 | 75.7% | 80.3% | ||
| Q1 24 | 74.9% | 80.0% |
营业利润率CARTFICO
| Q4 25 | 9.9% | 45.7% | ||
| Q3 25 | 17.7% | 46.0% | ||
| Q2 25 | 13.6% | 48.9% | ||
| Q1 25 | 12.3% | 49.3% | ||
| Q4 24 | 17.6% | 40.8% | ||
| Q3 24 | 16.2% | 43.4% | ||
| Q2 24 | 6.3% | 42.5% | ||
| Q1 24 | 17.6% | 44.9% |
净利率CARTFICO
| Q4 25 | 8.2% | 30.9% | ||
| Q3 25 | 15.3% | 30.1% | ||
| Q2 25 | 12.7% | 33.9% | ||
| Q1 25 | 11.8% | 32.6% | ||
| Q4 24 | 16.8% | 34.7% | ||
| Q3 24 | 13.8% | 29.9% | ||
| Q2 24 | 7.4% | 28.2% | ||
| Q1 24 | 15.9% | 29.9% |
每股收益（稀释后）CARTFICO
| Q4 25 | $0.31 | $6.61 | ||
| Q3 25 | $0.51 | $6.41 | ||
| Q2 25 | $0.41 | $7.40 | ||
| Q1 25 | $0.37 | $6.59 | ||
| Q4 24 | $0.53 | $6.14 | ||
| Q3 24 | $0.42 | $5.44 | ||
| Q2 24 | $0.20 | $5.05 | ||
| Q1 24 | $0.43 | $5.16 |
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 | $162.0M |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $2.5B | $-1.8B |
| 总资产 | $3.7B | $1.9B |
| 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CARTFICO
| Q4 25 | $687.0M | $162.0M | ||
| Q3 25 | $1.7B | $134.1M | ||
| Q2 25 | $1.6B | $189.0M | ||
| Q1 25 | $1.6B | $146.6M | ||
| Q4 24 | $1.4B | $184.3M | ||
| Q3 24 | $1.3B | $150.7M | ||
| Q2 24 | $1.4B | $156.0M | ||
| Q1 24 | $1.5B | $135.7M |
总债务CARTFICO
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.0B |
股东权益CARTFICO
| Q4 25 | $2.5B | $-1.8B | ||
| Q3 25 | $3.5B | $-1.7B | ||
| Q2 25 | $3.3B | $-1.4B | ||
| Q1 25 | $3.2B | $-1.1B | ||
| Q4 24 | $3.1B | $-1.1B | ||
| Q3 24 | $2.9B | $-962.7M | ||
| Q2 24 | $3.0B | $-829.3M | ||
| Q1 24 | $3.1B | $-735.7M |
总资产CARTFICO
| Q4 25 | $3.7B | $1.9B | ||
| Q3 25 | $4.5B | $1.9B | ||
| Q2 25 | $4.4B | $1.9B | ||
| Q1 25 | $4.3B | $1.8B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $4.0B | $1.7B | ||
| Q1 24 | $4.1B | $1.7B |
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 | $174.1M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $173.9M |
| 自由现金流率自由现金流/营收 | 17.2% | 34.0% |
| 资本支出强度资本支出/营收 | 1.2% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.10× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $750.6M |
8季度趋势，按日历期对齐
经营现金流CARTFICO
| Q4 25 | $183.0M | $174.1M | ||
| Q3 25 | $287.0M | $223.7M | ||
| Q2 25 | $203.0M | $286.2M | ||
| Q1 25 | $298.0M | $74.9M | ||
| Q4 24 | $153.0M | $194.0M | ||
| Q3 24 | $185.0M | $226.5M | ||
| Q2 24 | $244.0M | $213.3M | ||
| Q1 24 | $105.0M | $71.0M |
自由现金流CARTFICO
| Q4 25 | $171.0M | $173.9M | ||
| Q3 25 | $272.0M | $219.5M | ||
| Q2 25 | $187.0M | $284.4M | ||
| Q1 25 | $280.0M | $72.8M | ||
| Q4 24 | $141.0M | $193.2M | ||
| Q3 24 | $171.0M | $224.7M | ||
| Q2 24 | $220.0M | $211.6M | ||
| Q1 24 | $91.0M | $67.0M |
自由现金流率CARTFICO
| Q4 25 | 17.2% | 34.0% | ||
| Q3 25 | 29.0% | 42.6% | ||
| Q2 25 | 20.5% | 53.0% | ||
| Q1 25 | 31.2% | 14.6% | ||
| Q4 24 | 16.0% | 43.9% | ||
| Q3 24 | 20.1% | 49.5% | ||
| Q2 24 | 26.7% | 47.2% | ||
| Q1 24 | 11.1% | 15.4% |
资本支出强度CARTFICO
| Q4 25 | 1.2% | 0.0% | ||
| Q3 25 | 1.6% | 0.8% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 2.9% | 0.4% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率CARTFICO
| Q4 25 | 2.26× | 1.10× | ||
| Q3 25 | 1.99× | 1.44× | ||
| Q2 25 | 1.75× | 1.57× | ||
| Q1 25 | 2.81× | 0.46× | ||
| Q4 24 | 1.03× | 1.27× | ||
| Q3 24 | 1.57× | 1.67× | ||
| Q2 24 | 4.00× | 1.69× | ||
| Q1 24 | 0.81× | 0.55× |
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% |
FICO
| Business To Business Scores | $248.6M | 49% |
| Saa S Products | $115.7M | 23% |
| Platform Software | $73.9M | 14% |
| Business To Consumer Scores | $55.9M | 11% |
| Technology Service | $19.2M | 4% |
