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Maplebear Inc.（CART）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是Maplebear Inc.的1.6倍（$1.6B vs $992.0M），Globe Life净利率更高（17.3% vs 8.2%，领先9.2%），Maplebear Inc.同比增速更快（12.3% vs 5.3%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 4.1%）
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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
CART vs GL — 直观对比
营收规模更大
GL
是对方的1.6倍
$992.0M
营收增速更快
CART
高出7.0%
5.3%
净利率更高
GL
高出9.2%
8.2%
两年增速更快
CART
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.6B |
| 净利润 | $81.0M | $270.5M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | 17.3% |
| 营收同比 | 12.3% | 5.3% |
| 净利润同比 | -45.3% | 6.3% |
| 每股收益（稀释后） | $0.31 | $3.39 |
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CARTGL
| Q1 26 | — | $1.6B | ||
| Q4 25 | $992.0M | $1.5B | ||
| Q3 25 | $939.0M | $1.5B | ||
| Q2 25 | $914.0M | $1.5B | ||
| Q1 25 | $897.0M | $1.5B | ||
| Q4 24 | $883.0M | $1.5B | ||
| Q3 24 | $852.0M | $1.5B | ||
| Q2 24 | $823.0M | $1.4B |
净利润CARTGL
| Q1 26 | — | $270.5M | ||
| Q4 25 | $81.0M | $266.1M | ||
| Q3 25 | $144.0M | $387.8M | ||
| Q2 25 | $116.0M | $252.7M | ||
| Q1 25 | $106.0M | $254.6M | ||
| Q4 24 | $148.0M | $255.2M | ||
| Q3 24 | $118.0M | $303.0M | ||
| Q2 24 | $61.0M | $258.4M |
毛利率CARTGL
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | 26.1% | ||
| Q2 24 | 75.7% | 23.3% |
营业利润率CARTGL
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 21.7% | ||
| Q3 25 | 17.7% | 31.5% | ||
| Q2 25 | 13.6% | 21.2% | ||
| Q1 25 | 12.3% | 21.4% | ||
| Q4 24 | 17.6% | 21.3% | ||
| Q3 24 | 16.2% | 26.3% | ||
| Q2 24 | 6.3% | 23.5% |
净利率CARTGL
| Q1 26 | — | 17.3% | ||
| Q4 25 | 8.2% | 17.5% | ||
| Q3 25 | 15.3% | 25.6% | ||
| Q2 25 | 12.7% | 17.1% | ||
| Q1 25 | 11.8% | 17.2% | ||
| Q4 24 | 16.8% | 17.4% | ||
| Q3 24 | 13.8% | 20.8% | ||
| Q2 24 | 7.4% | 17.9% |
每股收益（稀释后）CARTGL
| Q1 26 | — | $3.39 | ||
| Q4 25 | $0.31 | $3.28 | ||
| Q3 25 | $0.51 | $4.73 | ||
| Q2 25 | $0.41 | $3.05 | ||
| Q1 25 | $0.37 | $3.01 | ||
| Q4 24 | $0.53 | $3.00 | ||
| Q3 24 | $0.42 | $3.44 | ||
| Q2 24 | $0.20 | $2.83 |
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 | $183.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $6.1B |
| 总资产 | $3.7B | — |
| 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CARTGL
| Q1 26 | — | $183.8M | ||
| Q4 25 | $687.0M | $314.7M | ||
| Q3 25 | $1.7B | $62.8M | ||
| Q2 25 | $1.6B | $116.7M | ||
| Q1 25 | $1.6B | $134.1M | ||
| Q4 24 | $1.4B | $85.0M | ||
| Q3 24 | $1.3B | $100.5M | ||
| Q2 24 | $1.4B | $100.6M |
股东权益CARTGL
| Q1 26 | — | $6.1B | ||
| Q4 25 | $2.5B | $6.0B | ||
| Q3 25 | $3.5B | $5.7B | ||
| Q2 25 | $3.3B | $5.4B | ||
| Q1 25 | $3.2B | $5.4B | ||
| Q4 24 | $3.1B | $5.3B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $5.2B |
总资产CARTGL
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $30.8B | ||
| Q3 25 | $4.5B | $30.5B | ||
| Q2 25 | $4.4B | $29.8B | ||
| Q1 25 | $4.3B | $29.7B | ||
| Q4 24 | $4.1B | $29.1B | ||
| Q3 24 | $3.9B | $29.6B | ||
| Q2 24 | $4.0B | $28.3B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $171.0M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CARTGL
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $350.6M | ||
| Q3 25 | $287.0M | $306.0M | ||
| Q2 25 | $203.0M | $307.9M | ||
| Q1 25 | $298.0M | $431.9M | ||
| Q4 24 | $153.0M | $336.9M | ||
| Q3 24 | $185.0M | $340.6M | ||
| Q2 24 | $244.0M | $374.1M |
自由现金流CARTGL
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $330.1M | ||
| Q3 25 | $272.0M | $208.7M | ||
| Q2 25 | $187.0M | $295.0M | ||
| Q1 25 | $280.0M | $420.1M | ||
| Q4 24 | $141.0M | $321.9M | ||
| Q3 24 | $171.0M | $311.3M | ||
| Q2 24 | $220.0M | $356.5M |
自由现金流率CARTGL
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 21.7% | ||
| Q3 25 | 29.0% | 13.8% | ||
| Q2 25 | 20.5% | 19.9% | ||
| Q1 25 | 31.2% | 28.4% | ||
| Q4 24 | 16.0% | 22.0% | ||
| Q3 24 | 20.1% | 21.4% | ||
| Q2 24 | 26.7% | 24.8% |
资本支出强度CARTGL
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.3% | ||
| Q3 25 | 1.6% | 6.4% | ||
| Q2 25 | 1.8% | 0.9% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 2.9% | 1.2% |
现金转化率CARTGL
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.32× | ||
| Q3 25 | 1.99× | 0.79× | ||
| Q2 25 | 1.75× | 1.22× | ||
| Q1 25 | 2.81× | 1.70× | ||
| Q4 24 | 1.03× | 1.32× | ||
| Q3 24 | 1.57× | 1.12× | ||
| Q2 24 | 4.00× | 1.45× |
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% |
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
