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Maplebear Inc.（CART）与HELEN OF TROY LTD（HELE）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HELEN OF TROY LTD的1.9倍（$992.0M vs $512.8M），Maplebear Inc.净利率更高（8.2% vs -16.4%，领先24.6%），Maplebear Inc.同比增速更快（12.3% vs -3.4%），Maplebear Inc.自由现金流更多（$171.0M vs $5.8M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 2.4%）
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。
海伦特洛伊是美国上市企业，主营自有及授权品牌家居用品、健康家居用品与美容产品的设计研发和全球营销，旗下拥有OXO International、Kaz等多家子公司。公司注册总部设于百慕大汉密尔顿，美国运营总部位于得克萨斯州埃尔帕索，公司名称源自古希腊神话人物特洛伊海伦。
CART vs HELE — 直观对比
营收规模更大
CART
是对方的1.9倍
$512.8M
营收增速更快
CART
高出15.7%
-3.4%
净利率更高
CART
高出24.6%
-16.4%
自由现金流更多
CART
多$165.2M
$5.8M
两年增速更快
CART
近两年复合增速
2.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $512.8M |
| 净利润 | $81.0M | $-84.1M |
| 毛利率 | 72.3% | 46.9% |
| 营业利润率 | 9.9% | -1.6% |
| 净利率 | 8.2% | -16.4% |
| 营收同比 | 12.3% | -3.4% |
| 净利润同比 | -45.3% | -269.4% |
| 每股收益（稀释后） | $0.31 | $-3.65 |
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CARTHELE
| Q4 25 | $992.0M | $512.8M | ||
| Q3 25 | $939.0M | $431.8M | ||
| Q2 25 | $914.0M | $371.7M | ||
| Q1 25 | $897.0M | $485.9M | ||
| Q4 24 | $883.0M | $530.7M | ||
| Q3 24 | $852.0M | $474.2M | ||
| Q2 24 | $823.0M | $416.8M | ||
| Q1 24 | $820.0M | $489.2M |
净利润CARTHELE
| Q4 25 | $81.0M | $-84.1M | ||
| Q3 25 | $144.0M | $-308.6M | ||
| Q2 25 | $116.0M | $-450.7M | ||
| Q1 25 | $106.0M | $50.9M | ||
| Q4 24 | $148.0M | $49.6M | ||
| Q3 24 | $118.0M | $17.0M | ||
| Q2 24 | $61.0M | $6.2M | ||
| Q1 24 | $130.0M | $42.7M |
毛利率CARTHELE
| Q4 25 | 72.3% | 46.9% | ||
| Q3 25 | 73.7% | 44.2% | ||
| Q2 25 | 74.2% | 47.1% | ||
| Q1 25 | 74.8% | 48.6% | ||
| Q4 24 | 75.2% | 48.9% | ||
| Q3 24 | 75.2% | 45.6% | ||
| Q2 24 | 75.7% | 48.7% | ||
| Q1 24 | 74.9% | 49.0% |
营业利润率CARTHELE
| Q4 25 | 9.9% | -1.6% | ||
| Q3 25 | 17.7% | -73.1% | ||
| Q2 25 | 13.6% | -109.5% | ||
| Q1 25 | 12.3% | 0.4% | ||
| Q4 24 | 17.6% | 14.2% | ||
| Q3 24 | 16.2% | 7.3% | ||
| Q2 24 | 6.3% | 7.4% | ||
| Q1 24 | 17.6% | 13.5% |
净利率CARTHELE
| Q4 25 | 8.2% | -16.4% | ||
| Q3 25 | 15.3% | -71.5% | ||
| Q2 25 | 12.7% | -121.3% | ||
| Q1 25 | 11.8% | 10.5% | ||
| Q4 24 | 16.8% | 9.3% | ||
| Q3 24 | 13.8% | 3.6% | ||
| Q2 24 | 7.4% | 1.5% | ||
| Q1 24 | 15.9% | 8.7% |
每股收益（稀释后）CARTHELE
| Q4 25 | $0.31 | $-3.65 | ||
| Q3 25 | $0.51 | $-13.44 | ||
| Q2 25 | $0.41 | $-19.65 | ||
| Q1 25 | $0.37 | $2.20 | ||
| Q4 24 | $0.53 | $2.17 | ||
| Q3 24 | $0.42 | $0.74 | ||
| Q2 24 | $0.20 | $0.26 | ||
| Q1 24 | $0.43 | $1.76 |
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 | $27.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $852.3M |
| 总资产 | $3.7B | $2.3B |
| 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CARTHELE
| Q4 25 | $687.0M | $27.1M | ||
| Q3 25 | $1.7B | $22.4M | ||
| Q2 25 | $1.6B | $22.7M | ||
| Q1 25 | $1.6B | $18.9M | ||
| Q4 24 | $1.4B | $40.8M | ||
| Q3 24 | $1.3B | $20.1M | ||
| Q2 24 | $1.4B | $16.1M | ||
| Q1 24 | $1.5B | $18.5M |
总债务CARTHELE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $921.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $672.0M |
股东权益CARTHELE
| Q4 25 | $2.5B | $852.3M | ||
| Q3 25 | $3.5B | $926.3M | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $3.1B | $1.6B |
总资产CARTHELE
| Q4 25 | $3.7B | $2.3B | ||
| Q3 25 | $4.5B | $2.4B | ||
| Q2 25 | $4.4B | $2.7B | ||
| Q1 25 | $4.3B | $3.1B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.9B | $2.9B | ||
| Q2 24 | $4.0B | $2.8B | ||
| Q1 24 | $4.1B | $2.8B |
负债/权益比CARTHELE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.55× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.41× |
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 | $11.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $5.8M |
| 自由现金流率自由现金流/营收 | 17.2% | 1.1% |
| 资本支出强度资本支出/营收 | 1.2% | 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 | $55.9M |
8季度趋势，按日历期对齐
经营现金流CARTHELE
| Q4 25 | $183.0M | $11.9M | ||
| Q3 25 | $287.0M | $-10.5M | ||
| Q2 25 | $203.0M | $58.3M | ||
| Q1 25 | $298.0M | $35.0M | ||
| Q4 24 | $153.0M | $8.3M | ||
| Q3 24 | $185.0M | $44.6M | ||
| Q2 24 | $244.0M | $25.3M | ||
| Q1 24 | $105.0M | $73.6M |
自由现金流CARTHELE
| Q4 25 | $171.0M | $5.8M | ||
| Q3 25 | $272.0M | $-21.9M | ||
| Q2 25 | $187.0M | $45.0M | ||
| Q1 25 | $280.0M | $27.1M | ||
| Q4 24 | $141.0M | $191.0K | ||
| Q3 24 | $171.0M | $39.7M | ||
| Q2 24 | $220.0M | $16.2M | ||
| Q1 24 | $91.0M | $66.6M |
自由现金流率CARTHELE
| Q4 25 | 17.2% | 1.1% | ||
| Q3 25 | 29.0% | -5.1% | ||
| Q2 25 | 20.5% | 12.1% | ||
| Q1 25 | 31.2% | 5.6% | ||
| Q4 24 | 16.0% | 0.0% | ||
| Q3 24 | 20.1% | 8.4% | ||
| Q2 24 | 26.7% | 3.9% | ||
| Q1 24 | 11.1% | 13.6% |
资本支出强度CARTHELE
| Q4 25 | 1.2% | 1.2% | ||
| Q3 25 | 1.6% | 2.7% | ||
| Q2 25 | 1.8% | 3.6% | ||
| Q1 25 | 2.0% | 1.6% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.6% | 1.0% | ||
| Q2 24 | 2.9% | 2.2% | ||
| Q1 24 | 1.7% | 1.4% |
现金转化率CARTHELE
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 0.69× | ||
| Q4 24 | 1.03× | 0.17× | ||
| Q3 24 | 1.57× | 2.62× | ||
| Q2 24 | 4.00× | 4.08× | ||
| Q1 24 | 0.81× | 1.72× |
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% |
HELE
| Beauty Wellness | $283.2M | 55% |
| Home Outdoor | $229.6M | 45% |
