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Maplebear Inc.（CART）与FuboTV Inc.（FUBO）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是Maplebear Inc.的1.6倍（$1.5B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -0.4%，领先8.6%），FuboTV Inc.同比增速更快（249.4% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% 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。
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
CART vs FUBO — 直观对比
营收规模更大
FUBO
是对方的1.6倍
$992.0M
营收增速更快
FUBO
高出237.0%
12.3%
净利率更高
CART
高出8.6%
-0.4%
自由现金流更多
CART
多$371.8M
$-200.8M
两年增速更快
FUBO
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.5B |
| 净利润 | $81.0M | $-6.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | -1.3% |
| 净利率 | 8.2% | -0.4% |
| 营收同比 | 12.3% | 249.4% |
| 净利润同比 | -45.3% | 84.5% |
| 每股收益（稀释后） | $0.31 | $-0.02 |
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CARTFUBO
| Q4 25 | $992.0M | $1.5B | ||
| Q3 25 | $939.0M | $377.2M | ||
| Q2 25 | $914.0M | $380.0M | ||
| Q1 25 | $897.0M | $416.3M | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | $386.2M | ||
| Q2 24 | $823.0M | $391.0M | ||
| Q1 24 | $820.0M | $402.3M |
净利润CARTFUBO
| Q4 25 | $81.0M | $-6.0M | ||
| Q3 25 | $144.0M | $-18.9M | ||
| Q2 25 | $116.0M | $-8.0M | ||
| Q1 25 | $106.0M | $188.5M | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | $-52.4M | ||
| Q2 24 | $61.0M | $-25.3M | ||
| Q1 24 | $130.0M | $-56.0M |
毛利率CARTFUBO
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | — |
营业利润率CARTFUBO
| Q4 25 | 9.9% | -1.3% | ||
| Q3 25 | 17.7% | -5.3% | ||
| Q2 25 | 13.6% | -1.6% | ||
| Q1 25 | 12.3% | -6.1% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | -15.2% | ||
| Q2 24 | 6.3% | -9.1% | ||
| Q1 24 | 17.6% | -15.7% |
净利率CARTFUBO
| Q4 25 | 8.2% | -0.4% | ||
| Q3 25 | 15.3% | -5.0% | ||
| Q2 25 | 12.7% | -2.1% | ||
| Q1 25 | 11.8% | 45.3% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | -13.6% | ||
| Q2 24 | 7.4% | -6.5% | ||
| Q1 24 | 15.9% | -13.9% |
每股收益（稀释后）CARTFUBO
| Q4 25 | $0.31 | $-0.02 | ||
| Q3 25 | $0.51 | $-0.06 | ||
| Q2 25 | $0.41 | $-0.02 | ||
| Q1 25 | $0.37 | $0.55 | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | $-0.16 | ||
| Q2 24 | $0.20 | $-0.08 | ||
| Q1 24 | $0.43 | $-0.19 |
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 | $452.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $275.5M |
| 总资产 | $3.7B | $4.1B |
| 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CARTFUBO
| Q4 25 | $687.0M | $452.4M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $283.6M | ||
| Q1 25 | $1.6B | $321.6M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $146.2M | ||
| Q2 24 | $1.4B | $155.2M | ||
| Q1 24 | $1.5B | $168.9M |
股东权益CARTFUBO
| Q4 25 | $2.5B | $275.5M | ||
| Q3 25 | $3.5B | $915.3M | ||
| Q2 25 | $3.3B | $400.4M | ||
| Q1 25 | $3.2B | $389.0M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $905.3M | ||
| Q2 24 | $3.0B | $254.2M | ||
| Q1 24 | $3.1B | $236.1M |
总资产CARTFUBO
| Q4 25 | $3.7B | $4.1B | ||
| Q3 25 | $4.5B | $1.3B | ||
| Q2 25 | $4.4B | $1.2B | ||
| Q1 25 | $4.3B | $1.2B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $1.1B | ||
| Q2 24 | $4.0B | $1.1B | ||
| Q1 24 | $4.1B | $1.1B |
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 | $-200.3M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-200.8M |
| 自由现金流率自由现金流/营收 | 17.2% | -13.0% |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $910.0M | $-81.3M |
8季度趋势，按日历期对齐
经营现金流CARTFUBO
| Q4 25 | $183.0M | $-200.3M | ||
| Q3 25 | $287.0M | $-6.5M | ||
| Q2 25 | $203.0M | $-34.6M | ||
| Q1 25 | $298.0M | $161.4M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | $235.0K | ||
| Q2 24 | $244.0M | $-32.3M | ||
| Q1 24 | $105.0M | $-67.3M |
自由现金流CARTFUBO
| Q4 25 | $171.0M | $-200.8M | ||
| Q3 25 | $272.0M | $-6.5M | ||
| Q2 25 | $187.0M | $-35.0M | ||
| Q1 25 | $280.0M | $161.1M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | $-1.3M | ||
| Q2 24 | $220.0M | $-32.5M | ||
| Q1 24 | $91.0M | $-67.4M |
自由现金流率CARTFUBO
| Q4 25 | 17.2% | -13.0% | ||
| Q3 25 | 29.0% | -1.7% | ||
| Q2 25 | 20.5% | -9.2% | ||
| Q1 25 | 31.2% | 38.7% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | -0.3% | ||
| Q2 24 | 26.7% | -8.3% | ||
| Q1 24 | 11.1% | -16.7% |
资本支出强度CARTFUBO
| Q4 25 | 1.2% | 0.0% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 1.7% | 0.0% |
现金转化率CARTFUBO
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 0.86× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | — |
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% |
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
