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Maplebear Inc.（CART）与Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的1.6倍（$992.0M vs $628.6M），Freedom Holding Corp.净利率更高（12.1% vs 8.2%，领先4.0%），Maplebear Inc.同比增速更快（12.3% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $171.0M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% 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。
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
CART vs FRHC — 直观对比
营收规模更大
CART
是对方的1.6倍
$628.6M
营收增速更快
CART
高出16.4%
-4.1%
净利率更高
FRHC
高出4.0%
8.2%
自由现金流更多
FRHC
多$480.7M
$171.0M
两年增速更快
FRHC
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $628.6M |
| 净利润 | $81.0M | $76.2M |
| 毛利率 | 72.3% | 96.0% |
| 营业利润率 | 9.9% | 14.9% |
| 净利率 | 8.2% | 12.1% |
| 营收同比 | 12.3% | -4.1% |
| 净利润同比 | -45.3% | -2.6% |
| 每股收益（稀释后） | $0.31 | $1.25 |
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CARTFRHC
| Q4 25 | $992.0M | $628.6M | ||
| Q3 25 | $939.0M | $526.1M | ||
| Q2 25 | $914.0M | $533.4M | ||
| Q1 25 | $897.0M | $363.7M | ||
| Q4 24 | $883.0M | $655.2M | ||
| Q3 24 | $852.0M | $580.9M | ||
| Q2 24 | $823.0M | $450.7M | ||
| Q1 24 | $820.0M | $464.7M |
净利润CARTFRHC
| Q4 25 | $81.0M | $76.2M | ||
| Q3 25 | $144.0M | $38.7M | ||
| Q2 25 | $116.0M | $30.4M | ||
| Q1 25 | $106.0M | $-142.7M | ||
| Q4 24 | $148.0M | $78.3M | ||
| Q3 24 | $118.0M | $114.7M | ||
| Q2 24 | $61.0M | $34.4M | ||
| Q1 24 | $130.0M | $95.2M |
毛利率CARTFRHC
| Q4 25 | 72.3% | 96.0% | ||
| Q3 25 | 73.7% | 97.1% | ||
| Q2 25 | 74.2% | 97.4% | ||
| Q1 25 | 74.8% | 96.6% | ||
| Q4 24 | 75.2% | 98.6% | ||
| Q3 24 | 75.2% | 99.1% | ||
| Q2 24 | 75.7% | 99.0% | ||
| Q1 24 | 74.9% | — |
营业利润率CARTFRHC
| Q4 25 | 9.9% | 14.9% | ||
| Q3 25 | 17.7% | 11.5% | ||
| Q2 25 | 13.6% | 7.6% | ||
| Q1 25 | 12.3% | -42.7% | ||
| Q4 24 | 17.6% | 15.0% | ||
| Q3 24 | 16.2% | 22.1% | ||
| Q2 24 | 6.3% | 9.2% | ||
| Q1 24 | 17.6% | 22.5% |
净利率CARTFRHC
| Q4 25 | 8.2% | 12.1% | ||
| Q3 25 | 15.3% | 7.4% | ||
| Q2 25 | 12.7% | 5.7% | ||
| Q1 25 | 11.8% | -39.2% | ||
| Q4 24 | 16.8% | 11.9% | ||
| Q3 24 | 13.8% | 19.7% | ||
| Q2 24 | 7.4% | 7.6% | ||
| Q1 24 | 15.9% | 20.5% |
每股收益（稀释后）CARTFRHC
| Q4 25 | $0.31 | $1.25 | ||
| Q3 25 | $0.51 | $0.63 | ||
| Q2 25 | $0.41 | $0.50 | ||
| Q1 25 | $0.37 | $-2.35 | ||
| Q4 24 | $0.53 | $1.29 | ||
| Q3 24 | $0.42 | $1.89 | ||
| Q2 24 | $0.20 | $0.57 | ||
| Q1 24 | $0.43 | $1.60 |
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 | $869.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $1.4B |
| 总资产 | $3.7B | $12.4B |
| 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CARTFRHC
| Q4 25 | $687.0M | $869.2M | ||
| Q3 25 | $1.7B | $636.0M | ||
| Q2 25 | $1.6B | $567.9M | ||
| Q1 25 | $1.6B | $837.3M | ||
| Q4 24 | $1.4B | $577.9M | ||
| Q3 24 | $1.3B | $569.2M | ||
| Q2 24 | $1.4B | $718.7M | ||
| Q1 24 | $1.5B | $545.1M |
股东权益CARTFRHC
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $3.5B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.2B | $1.2B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.1B | $1.2B |
总资产CARTFRHC
| Q4 25 | $3.7B | $12.4B | ||
| Q3 25 | $4.5B | $10.3B | ||
| Q2 25 | $4.4B | $9.7B | ||
| Q1 25 | $4.3B | $9.9B | ||
| Q4 24 | $4.1B | $9.1B | ||
| Q3 24 | $3.9B | $8.8B | ||
| Q2 24 | $4.0B | $8.5B | ||
| Q1 24 | $4.1B | $8.3B |
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 | $717.8M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $651.7M |
| 自由现金流率自由现金流/营收 | 17.2% | 103.7% |
| 资本支出强度资本支出/营收 | 1.2% | 10.5% |
| 现金转化率经营现金流/净利润 | 2.26× | 9.42× |
| 过去12个月自由现金流最近4个季度 | $910.0M | — |
8季度趋势，按日历期对齐
经营现金流CARTFRHC
| Q4 25 | $183.0M | $717.8M | ||
| Q3 25 | $287.0M | $535.3M | ||
| Q2 25 | $203.0M | $480.8M | ||
| Q1 25 | $298.0M | $1.3B | ||
| Q4 24 | $153.0M | $-72.8M | ||
| Q3 24 | $185.0M | $-438.0M | ||
| Q2 24 | $244.0M | $854.1M | ||
| Q1 24 | $105.0M | $309.0M |
自由现金流CARTFRHC
| Q4 25 | $171.0M | $651.7M | ||
| Q3 25 | $272.0M | $456.4M | ||
| Q2 25 | $187.0M | $450.0M | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | $-92.7M | ||
| Q3 24 | $171.0M | $-447.5M | ||
| Q2 24 | $220.0M | $829.9M | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTFRHC
| Q4 25 | 17.2% | 103.7% | ||
| Q3 25 | 29.0% | 86.7% | ||
| Q2 25 | 20.5% | 84.4% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | -14.1% | ||
| Q3 24 | 20.1% | -77.0% | ||
| Q2 24 | 26.7% | 184.1% | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTFRHC
| Q4 25 | 1.2% | 10.5% | ||
| Q3 25 | 1.6% | 15.0% | ||
| Q2 25 | 1.8% | 5.8% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | 3.0% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 2.9% | 5.4% | ||
| Q1 24 | 1.7% | — |
现金转化率CARTFRHC
| Q4 25 | 2.26× | 9.42× | ||
| Q3 25 | 1.99× | 13.82× | ||
| Q2 25 | 1.75× | 15.82× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | -0.93× | ||
| Q3 24 | 1.57× | -3.82× | ||
| Q2 24 | 4.00× | 24.83× | ||
| Q1 24 | 0.81× | 3.24× |
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% |
FRHC
暂无分部数据
