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Maplebear Inc.（CART）与FMC CORP（FMC）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FMC CORP的1.3倍（$992.0M vs $759.0M），Maplebear Inc.净利率更高（8.2% vs -37.0%，领先45.2%），Maplebear Inc.同比增速更快（12.3% vs -4.0%），Maplebear Inc.自由现金流更多（$171.0M vs $-628.1M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -14.5%）
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。
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
CART vs FMC — 直观对比
营收规模更大
CART
是对方的1.3倍
$759.0M
营收增速更快
CART
高出16.4%
-4.0%
净利率更高
CART
高出45.2%
-37.0%
自由现金流更多
CART
多$799.1M
$-628.1M
两年增速更快
CART
近两年复合增速
-14.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $759.0M |
| 净利润 | $81.0M | $-281.2M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | -10.6% |
| 净利率 | 8.2% | -37.0% |
| 营收同比 | 12.3% | -4.0% |
| 净利润同比 | -45.3% | — |
| 每股收益（稀释后） | $0.31 | $-2.25 |
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CARTFMC
| Q1 26 | — | $759.0M | ||
| Q4 25 | $992.0M | $1.1B | ||
| Q3 25 | $939.0M | $542.2M | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $791.4M | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.0B |
净利润CARTFMC
| Q1 26 | — | $-281.2M | ||
| Q4 25 | $81.0M | $-1.7B | ||
| Q3 25 | $144.0M | $-569.3M | ||
| Q2 25 | $116.0M | $66.7M | ||
| Q1 25 | $106.0M | $-15.5M | ||
| Q4 24 | $148.0M | $-16.3M | ||
| Q3 24 | $118.0M | $65.0M | ||
| Q2 24 | $61.0M | $295.1M |
毛利率CARTFMC
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | 39.8% | ||
| Q3 25 | 73.7% | 23.8% | ||
| Q2 25 | 74.2% | 38.7% | ||
| Q1 25 | 74.8% | 40.0% | ||
| Q4 24 | 75.2% | 42.9% | ||
| Q3 24 | 75.2% | 36.3% | ||
| Q2 24 | 75.7% | 38.3% |
营业利润率CARTFMC
| Q1 26 | — | -10.6% | ||
| Q4 25 | 9.9% | -130.8% | ||
| Q3 25 | 17.7% | -73.1% | ||
| Q2 25 | 13.6% | 12.0% | ||
| Q1 25 | 12.3% | 7.4% | ||
| Q4 24 | 17.6% | 19.2% | ||
| Q3 24 | 16.2% | 12.7% | ||
| Q2 24 | 6.3% | 6.0% |
净利率CARTFMC
| Q1 26 | — | -37.0% | ||
| Q4 25 | 8.2% | -158.8% | ||
| Q3 25 | 15.3% | -105.0% | ||
| Q2 25 | 12.7% | 6.3% | ||
| Q1 25 | 11.8% | -2.0% | ||
| Q4 24 | 16.8% | -1.3% | ||
| Q3 24 | 13.8% | 6.1% | ||
| Q2 24 | 7.4% | 28.4% |
每股收益（稀释后）CARTFMC
| Q1 26 | — | $-2.25 | ||
| Q4 25 | $0.31 | $-13.77 | ||
| Q3 25 | $0.51 | $-4.52 | ||
| Q2 25 | $0.41 | $0.53 | ||
| Q1 25 | $0.37 | $-0.12 | ||
| Q4 24 | $0.53 | $-0.13 | ||
| Q3 24 | $0.42 | $0.52 | ||
| Q2 24 | $0.20 | $2.35 |
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 | $390.9M |
| 总债务越低越好 | — | $2.8B |
| 股东权益账面价值 | $2.5B | $1.8B |
| 总资产 | $3.7B | $9.4B |
| 负债/权益比越低杠杆越低 | — | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资CARTFMC
| Q1 26 | — | $390.9M | ||
| Q4 25 | $687.0M | $584.5M | ||
| Q3 25 | $1.7B | $497.7M | ||
| Q2 25 | $1.6B | $438.2M | ||
| Q1 25 | $1.6B | $315.3M | ||
| Q4 24 | $1.4B | $357.3M | ||
| Q3 24 | $1.3B | $416.7M | ||
| Q2 24 | $1.4B | $471.5M |
总债务CARTFMC
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B |
股东权益CARTFMC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $3.5B | $3.8B | ||
| Q2 25 | $3.3B | $4.4B | ||
| Q1 25 | $3.2B | $4.4B | ||
| Q4 24 | $3.1B | $4.5B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.6B |
总资产CARTFMC
| Q1 26 | — | $9.4B | ||
| Q4 25 | $3.7B | $9.7B | ||
| Q3 25 | $4.5B | $12.1B | ||
| Q2 25 | $4.4B | $12.3B | ||
| Q1 25 | $4.3B | $11.8B | ||
| Q4 24 | $4.1B | $11.7B | ||
| Q3 24 | $3.9B | $12.2B | ||
| Q2 24 | $4.0B | $12.1B |
负债/权益比CARTFMC
| Q1 26 | — | 1.50× | ||
| Q4 25 | — | 1.62× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.76× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.69× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.68× |
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 | $-628.1M |
| 自由现金流率自由现金流/营收 | 17.2% | -82.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.2% |
| 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 | $-154.0M |
8季度趋势，按日历期对齐
经营现金流CARTFMC
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $657.1M | ||
| Q3 25 | $287.0M | $-184.2M | ||
| Q2 25 | $203.0M | $65.9M | ||
| Q1 25 | $298.0M | $-545.0M | ||
| Q4 24 | $153.0M | $427.9M | ||
| Q3 24 | $185.0M | $159.5M | ||
| Q2 24 | $244.0M | $292.2M |
自由现金流CARTFMC
| Q1 26 | — | $-628.1M | ||
| Q4 25 | $171.0M | $631.1M | ||
| Q3 25 | $272.0M | $-207.9M | ||
| Q2 25 | $187.0M | $50.9M | ||
| Q1 25 | $280.0M | $-576.6M | ||
| Q4 24 | $141.0M | $406.3M | ||
| Q3 24 | $171.0M | $143.8M | ||
| Q2 24 | $220.0M | $282.3M |
自由现金流率CARTFMC
| Q1 26 | — | -82.8% | ||
| Q4 25 | 17.2% | 58.3% | ||
| Q3 25 | 29.0% | -38.3% | ||
| Q2 25 | 20.5% | 4.8% | ||
| Q1 25 | 31.2% | -72.9% | ||
| Q4 24 | 16.0% | 33.2% | ||
| Q3 24 | 20.1% | 13.5% | ||
| Q2 24 | 26.7% | 27.2% |
资本支出强度CARTFMC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.6% | 4.4% | ||
| Q2 25 | 1.8% | 1.4% | ||
| Q1 25 | 2.0% | 4.0% | ||
| Q4 24 | 1.4% | 1.8% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 2.9% | 1.0% |
现金转化率CARTFMC
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | 0.99× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 2.45× | ||
| Q2 24 | 4.00× | 0.99× |
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% |
FMC
| EMEA | $307.0M | 40% |
| North America | $198.0M | 26% |
| Latin America | $177.0M | 23% |
| Asia (excluding 2026 India) 1 | $81.0M | 11% |
