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Maplebear Inc.（CART）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是Maplebear Inc.的1.7倍（$1.7B vs $992.0M），第一太阳能净利率更高（31.0% vs 8.2%，领先22.8%），Maplebear Inc.同比增速更快（12.3% vs 11.1%），第一太阳能自由现金流更多（$1.1B vs $171.0M），过去两年第一太阳能的营收复合增速更高（45.6% 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。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
CART vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.7倍
$992.0M
营收增速更快
CART
高出1.2%
11.1%
净利率更高
FSLR
高出22.8%
8.2%
自由现金流更多
FSLR
多$899.2M
$171.0M
两年增速更快
FSLR
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.7B |
| 净利润 | $81.0M | $520.9M |
| 毛利率 | 72.3% | 39.5% |
| 营业利润率 | 9.9% | 32.6% |
| 净利率 | 8.2% | 31.0% |
| 营收同比 | 12.3% | 11.1% |
| 净利润同比 | -45.3% | 32.5% |
| 每股收益（稀释后） | $0.31 | $4.84 |
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CARTFSLR
| Q4 25 | $992.0M | $1.7B | ||
| Q3 25 | $939.0M | $1.6B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $844.6M | ||
| Q4 24 | $883.0M | $1.5B | ||
| Q3 24 | $852.0M | $887.7M | ||
| Q2 24 | $823.0M | $1.0B | ||
| Q1 24 | $820.0M | $794.1M |
净利润CARTFSLR
| Q4 25 | $81.0M | $520.9M | ||
| Q3 25 | $144.0M | $455.9M | ||
| Q2 25 | $116.0M | $341.9M | ||
| Q1 25 | $106.0M | $209.5M | ||
| Q4 24 | $148.0M | $393.1M | ||
| Q3 24 | $118.0M | $313.0M | ||
| Q2 24 | $61.0M | $349.4M | ||
| Q1 24 | $130.0M | $236.6M |
毛利率CARTFSLR
| Q4 25 | 72.3% | 39.5% | ||
| Q3 25 | 73.7% | 38.3% | ||
| Q2 25 | 74.2% | 45.6% | ||
| Q1 25 | 74.8% | 40.8% | ||
| Q4 24 | 75.2% | 37.5% | ||
| Q3 24 | 75.2% | 50.2% | ||
| Q2 24 | 75.7% | 49.4% | ||
| Q1 24 | 74.9% | 43.6% |
营业利润率CARTFSLR
| Q4 25 | 9.9% | 32.6% | ||
| Q3 25 | 17.7% | 29.2% | ||
| Q2 25 | 13.6% | 33.0% | ||
| Q1 25 | 12.3% | 26.2% | ||
| Q4 24 | 17.6% | 30.2% | ||
| Q3 24 | 16.2% | 36.3% | ||
| Q2 24 | 6.3% | 36.9% | ||
| Q1 24 | 17.6% | 30.6% |
净利率CARTFSLR
| Q4 25 | 8.2% | 31.0% | ||
| Q3 25 | 15.3% | 28.6% | ||
| Q2 25 | 12.7% | 31.2% | ||
| Q1 25 | 11.8% | 24.8% | ||
| Q4 24 | 16.8% | 26.0% | ||
| Q3 24 | 13.8% | 35.3% | ||
| Q2 24 | 7.4% | 34.6% | ||
| Q1 24 | 15.9% | 29.8% |
每股收益（稀释后）CARTFSLR
| Q4 25 | $0.31 | $4.84 | ||
| Q3 25 | $0.51 | $4.24 | ||
| Q2 25 | $0.41 | $3.18 | ||
| Q1 25 | $0.37 | $1.95 | ||
| Q4 24 | $0.53 | $3.66 | ||
| Q3 24 | $0.42 | $2.91 | ||
| Q2 24 | $0.20 | $3.25 | ||
| Q1 24 | $0.43 | $2.20 |
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 | $2.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $9.5B |
| 总资产 | $3.7B | $13.3B |
| 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CARTFSLR
| Q4 25 | $687.0M | $2.8B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.6B | $837.6M | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
股东权益CARTFSLR
| Q4 25 | $2.5B | $9.5B | ||
| Q3 25 | $3.5B | $9.0B | ||
| Q2 25 | $3.3B | $8.5B | ||
| Q1 25 | $3.2B | $8.2B | ||
| Q4 24 | $3.1B | $8.0B | ||
| Q3 24 | $2.9B | $7.6B | ||
| Q2 24 | $3.0B | $7.3B | ||
| Q1 24 | $3.1B | $6.9B |
总资产CARTFSLR
| Q4 25 | $3.7B | $13.3B | ||
| Q3 25 | $4.5B | $13.5B | ||
| Q2 25 | $4.4B | $12.9B | ||
| Q1 25 | $4.3B | $12.1B | ||
| Q4 24 | $4.1B | $12.1B | ||
| Q3 24 | $3.9B | $11.4B | ||
| Q2 24 | $4.0B | $11.0B | ||
| Q1 24 | $4.1B | $10.8B |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $1.1B |
| 自由现金流率自由现金流/营收 | 17.2% | 63.6% |
| 资本支出强度资本支出/营收 | 1.2% | 10.2% |
| 现金转化率经营现金流/净利润 | 2.26× | 2.38× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流CARTFSLR
| Q4 25 | $183.0M | $1.2B | ||
| Q3 25 | $287.0M | $1.3B | ||
| Q2 25 | $203.0M | $149.6M | ||
| Q1 25 | $298.0M | $-608.0M | ||
| Q4 24 | $153.0M | $811.0M | ||
| Q3 24 | $185.0M | $-53.7M | ||
| Q2 24 | $244.0M | $193.0M | ||
| Q1 24 | $105.0M | $267.7M |
自由现金流CARTFSLR
| Q4 25 | $171.0M | $1.1B | ||
| Q3 25 | $272.0M | $1.1B | ||
| Q2 25 | $187.0M | $-138.6M | ||
| Q1 25 | $280.0M | $-813.9M | ||
| Q4 24 | $141.0M | $497.5M | ||
| Q3 24 | $171.0M | $-487.7M | ||
| Q2 24 | $220.0M | $-172.1M | ||
| Q1 24 | $91.0M | $-145.7M |
自由现金流率CARTFSLR
| Q4 25 | 17.2% | 63.6% | ||
| Q3 25 | 29.0% | 67.1% | ||
| Q2 25 | 20.5% | -12.6% | ||
| Q1 25 | 31.2% | -96.4% | ||
| Q4 24 | 16.0% | 32.9% | ||
| Q3 24 | 20.1% | -54.9% | ||
| Q2 24 | 26.7% | -17.0% | ||
| Q1 24 | 11.1% | -18.4% |
资本支出强度CARTFSLR
| Q4 25 | 1.2% | 10.2% | ||
| Q3 25 | 1.6% | 12.8% | ||
| Q2 25 | 1.8% | 26.3% | ||
| Q1 25 | 2.0% | 24.4% | ||
| Q4 24 | 1.4% | 20.7% | ||
| Q3 24 | 1.6% | 48.9% | ||
| Q2 24 | 2.9% | 36.1% | ||
| Q1 24 | 1.7% | 52.1% |
现金转化率CARTFSLR
| Q4 25 | 2.26× | 2.38× | ||
| Q3 25 | 1.99× | 2.79× | ||
| Q2 25 | 1.75× | 0.44× | ||
| Q1 25 | 2.81× | -2.90× | ||
| Q4 24 | 1.03× | 2.06× | ||
| Q3 24 | 1.57× | -0.17× | ||
| Q2 24 | 4.00× | 0.55× | ||
| Q1 24 | 0.81× | 1.13× |
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% |
FSLR
暂无分部数据
