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Maplebear Inc.（CART）与Fabrinet（FN）财务数据对比。点击上方公司名可切换其他公司
Fabrinet的季度营收约是Maplebear Inc.的1.1倍（$1.1B vs $992.0M），Fabrinet净利率更高（9.9% vs 8.2%，领先1.8%），Fabrinet同比增速更快（35.9% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs 10.0%）
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。
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
CART vs FN — 直观对比
营收规模更大
FN
是对方的1.1倍
$992.0M
营收增速更快
FN
高出23.6%
12.3%
净利率更高
FN
高出1.8%
8.2%
自由现金流更多
CART
多$176.3M
$-5.3M
两年增速更快
FN
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.1B |
| 净利润 | $81.0M | $112.6M |
| 毛利率 | 72.3% | 12.2% |
| 营业利润率 | 9.9% | 10.1% |
| 净利率 | 8.2% | 9.9% |
| 营收同比 | 12.3% | 35.9% |
| 净利润同比 | -45.3% | 30.0% |
| 每股收益（稀释后） | $0.31 | $3.11 |
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CARTFN
| Q4 25 | $992.0M | $1.1B | ||
| Q3 25 | $939.0M | $978.1M | ||
| Q2 25 | $914.0M | $909.7M | ||
| Q1 25 | $897.0M | $871.8M | ||
| Q4 24 | $883.0M | $833.6M | ||
| Q3 24 | $852.0M | $804.2M | ||
| Q2 24 | $823.0M | $753.3M | ||
| Q1 24 | $820.0M | $731.5M |
净利润CARTFN
| Q4 25 | $81.0M | $112.6M | ||
| Q3 25 | $144.0M | $95.9M | ||
| Q2 25 | $116.0M | $87.2M | ||
| Q1 25 | $106.0M | $81.3M | ||
| Q4 24 | $148.0M | $86.6M | ||
| Q3 24 | $118.0M | $77.4M | ||
| Q2 24 | $61.0M | $81.1M | ||
| Q1 24 | $130.0M | $80.9M |
毛利率CARTFN
| Q4 25 | 72.3% | 12.2% | ||
| Q3 25 | 73.7% | 11.9% | ||
| Q2 25 | 74.2% | 12.2% | ||
| Q1 25 | 74.8% | 11.7% | ||
| Q4 24 | 75.2% | 12.1% | ||
| Q3 24 | 75.2% | 12.3% | ||
| Q2 24 | 75.7% | 12.3% | ||
| Q1 24 | 74.9% | 12.4% |
营业利润率CARTFN
| Q4 25 | 9.9% | 10.1% | ||
| Q3 25 | 17.7% | 9.6% | ||
| Q2 25 | 13.6% | 9.8% | ||
| Q1 25 | 12.3% | 9.0% | ||
| Q4 24 | 17.6% | 9.5% | ||
| Q3 24 | 16.2% | 9.6% | ||
| Q2 24 | 6.3% | 9.7% | ||
| Q1 24 | 17.6% | 9.7% |
净利率CARTFN
| Q4 25 | 8.2% | 9.9% | ||
| Q3 25 | 15.3% | 9.8% | ||
| Q2 25 | 12.7% | 9.6% | ||
| Q1 25 | 11.8% | 9.3% | ||
| Q4 24 | 16.8% | 10.4% | ||
| Q3 24 | 13.8% | 9.6% | ||
| Q2 24 | 7.4% | 10.8% | ||
| Q1 24 | 15.9% | 11.1% |
每股收益（稀释后）CARTFN
| Q4 25 | $0.31 | $3.11 | ||
| Q3 25 | $0.51 | $2.66 | ||
| Q2 25 | $0.41 | $2.41 | ||
| Q1 25 | $0.37 | $2.25 | ||
| Q4 24 | $0.53 | $2.38 | ||
| Q3 24 | $0.42 | $2.13 | ||
| Q2 24 | $0.20 | $2.22 | ||
| Q1 24 | $0.43 | $2.21 |
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 | $960.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.2B |
| 总资产 | $3.7B | $3.3B |
| 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CARTFN
| Q4 25 | $687.0M | $960.8M | ||
| Q3 25 | $1.7B | $968.8M | ||
| Q2 25 | $1.6B | $934.2M | ||
| Q1 25 | $1.6B | $950.7M | ||
| Q4 24 | $1.4B | $934.6M | ||
| Q3 24 | $1.3B | $908.9M | ||
| Q2 24 | $1.4B | $858.6M | ||
| Q1 24 | $1.5B | $794.0M |
股东权益CARTFN
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.2B | $1.9B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $3.1B | $1.7B |
总资产CARTFN
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $4.5B | $3.0B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $4.3B | $2.6B | ||
| Q4 24 | $4.1B | $2.5B | ||
| Q3 24 | $3.9B | $2.4B | ||
| Q2 24 | $4.0B | $2.3B | ||
| Q1 24 | $4.1B | $2.2B |
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 | $46.3M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-5.3M |
| 自由现金流率自由现金流/营收 | 17.2% | -0.5% |
| 资本支出强度资本支出/营收 | 1.2% | 4.6% |
| 现金转化率经营现金流/净利润 | 2.26× | 0.41× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $102.3M |
8季度趋势，按日历期对齐
经营现金流CARTFN
| Q4 25 | $183.0M | $46.3M | ||
| Q3 25 | $287.0M | $102.6M | ||
| Q2 25 | $203.0M | $55.1M | ||
| Q1 25 | $298.0M | $74.2M | ||
| Q4 24 | $153.0M | $115.9M | ||
| Q3 24 | $185.0M | $83.2M | ||
| Q2 24 | $244.0M | $83.1M | ||
| Q1 24 | $105.0M | $100.9M |
自由现金流CARTFN
| Q4 25 | $171.0M | $-5.3M | ||
| Q3 25 | $272.0M | $57.3M | ||
| Q2 25 | $187.0M | $4.7M | ||
| Q1 25 | $280.0M | $45.7M | ||
| Q4 24 | $141.0M | $94.0M | ||
| Q3 24 | $171.0M | $62.9M | ||
| Q2 24 | $220.0M | $70.4M | ||
| Q1 24 | $91.0M | $87.3M |
自由现金流率CARTFN
| Q4 25 | 17.2% | -0.5% | ||
| Q3 25 | 29.0% | 5.9% | ||
| Q2 25 | 20.5% | 0.5% | ||
| Q1 25 | 31.2% | 5.2% | ||
| Q4 24 | 16.0% | 11.3% | ||
| Q3 24 | 20.1% | 7.8% | ||
| Q2 24 | 26.7% | 9.3% | ||
| Q1 24 | 11.1% | 11.9% |
资本支出强度CARTFN
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.6% | 4.6% | ||
| Q2 25 | 1.8% | 5.5% | ||
| Q1 25 | 2.0% | 3.3% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 2.9% | 1.7% | ||
| Q1 24 | 1.7% | 1.9% |
现金转化率CARTFN
| Q4 25 | 2.26× | 0.41× | ||
| Q3 25 | 1.99× | 1.07× | ||
| Q2 25 | 1.75× | 0.63× | ||
| Q1 25 | 2.81× | 0.91× | ||
| Q4 24 | 1.03× | 1.34× | ||
| Q3 24 | 1.57× | 1.07× | ||
| Q2 24 | 4.00× | 1.02× | ||
| Q1 24 | 0.81× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
