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Maplebear Inc.（CART）与Jack Henry & Associates（JKHY）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Jack Henry & Associates的1.6倍（$992.0M vs $619.3M），Jack Henry & Associates净利率更高（20.1% vs 8.2%，领先12.0%），Maplebear Inc.同比增速更快（12.3% vs 7.9%），Maplebear Inc.自由现金流更多（$171.0M vs $131.4M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 7.2%）
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。
Jack Henry & Associates是1976年成立的美国专业金融科技企业，主要面向社区银行、信用合作社等中小型金融机构提供金融科技及支付处理解决方案，同时帮助区域银行与信用合作社管控风险、完成合规申报，优化升级线上银行业务相关服务。
CART vs JKHY — 直观对比
营收规模更大
CART
是对方的1.6倍
$619.3M
营收增速更快
CART
高出4.4%
7.9%
净利率更高
JKHY
高出12.0%
8.2%
自由现金流更多
CART
多$39.6M
$131.4M
两年增速更快
CART
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $619.3M |
| 净利润 | $81.0M | $124.7M |
| 毛利率 | 72.3% | 43.3% |
| 营业利润率 | 9.9% | 25.7% |
| 净利率 | 8.2% | 20.1% |
| 营收同比 | 12.3% | 7.9% |
| 净利润同比 | -45.3% | 27.4% |
| 每股收益（稀释后） | $0.31 | $1.72 |
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CARTJKHY
| Q4 25 | $992.0M | $619.3M | ||
| Q3 25 | $939.0M | $644.7M | ||
| Q2 25 | $914.0M | $615.4M | ||
| Q1 25 | $897.0M | $585.1M | ||
| Q4 24 | $883.0M | $573.8M | ||
| Q3 24 | $852.0M | $601.0M | ||
| Q2 24 | $823.0M | $559.9M | ||
| Q1 24 | $820.0M | $538.6M |
净利润CARTJKHY
| Q4 25 | $81.0M | $124.7M | ||
| Q3 25 | $144.0M | $144.0M | ||
| Q2 25 | $116.0M | $127.6M | ||
| Q1 25 | $106.0M | $111.1M | ||
| Q4 24 | $148.0M | $97.8M | ||
| Q3 24 | $118.0M | $119.2M | ||
| Q2 24 | $61.0M | $101.1M | ||
| Q1 24 | $130.0M | $87.1M |
毛利率CARTJKHY
| Q4 25 | 72.3% | 43.3% | ||
| Q3 25 | 73.7% | 45.9% | ||
| Q2 25 | 74.2% | 44.1% | ||
| Q1 25 | 74.8% | 41.8% | ||
| Q4 24 | 75.2% | 42.0% | ||
| Q3 24 | 75.2% | 42.9% | ||
| Q2 24 | 75.7% | 41.5% | ||
| Q1 24 | 74.9% | 39.1% |
营业利润率CARTJKHY
| Q4 25 | 9.9% | 25.7% | ||
| Q3 25 | 17.7% | 28.5% | ||
| Q2 25 | 13.6% | 25.3% | ||
| Q1 25 | 12.3% | 23.7% | ||
| Q4 24 | 17.6% | 21.4% | ||
| Q3 24 | 16.2% | 25.2% | ||
| Q2 24 | 6.3% | 22.4% | ||
| Q1 24 | 17.6% | 20.8% |
净利率CARTJKHY
| Q4 25 | 8.2% | 20.1% | ||
| Q3 25 | 15.3% | 22.3% | ||
| Q2 25 | 12.7% | 20.7% | ||
| Q1 25 | 11.8% | 19.0% | ||
| Q4 24 | 16.8% | 17.1% | ||
| Q3 24 | 13.8% | 19.8% | ||
| Q2 24 | 7.4% | 18.1% | ||
| Q1 24 | 15.9% | 16.2% |
每股收益（稀释后）CARTJKHY
| Q4 25 | $0.31 | $1.72 | ||
| Q3 25 | $0.51 | $1.97 | ||
| Q2 25 | $0.41 | $1.75 | ||
| Q1 25 | $0.37 | $1.52 | ||
| Q4 24 | $0.53 | $1.34 | ||
| Q3 24 | $0.42 | $1.63 | ||
| Q2 24 | $0.20 | $1.39 | ||
| Q1 24 | $0.43 | $1.19 |
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 | $28.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.2B |
| 总资产 | $3.7B | $3.1B |
| 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CARTJKHY
| Q4 25 | $687.0M | $28.2M | ||
| Q3 25 | $1.7B | $36.2M | ||
| Q2 25 | $1.6B | $102.0M | ||
| Q1 25 | $1.6B | $39.9M | ||
| Q4 24 | $1.4B | $25.7M | ||
| Q3 24 | $1.3B | $43.2M | ||
| Q2 24 | $1.4B | $38.3M | ||
| Q1 24 | $1.5B | $27.3M |
总债务CARTJKHY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | — | $250.0M |
股东权益CARTJKHY
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $3.5B | $2.2B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $3.1B | $1.8B |
总资产CARTJKHY
| Q4 25 | $3.7B | $3.1B | ||
| Q3 25 | $4.5B | $3.0B | ||
| Q2 25 | $4.4B | $3.0B | ||
| Q1 25 | $4.3B | $2.9B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $3.9B | $2.9B | ||
| Q2 24 | $4.0B | $2.9B | ||
| Q1 24 | $4.1B | $2.8B |
负债/权益比CARTJKHY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.03× | ||
| Q1 24 | — | 0.14× |
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 | $152.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $131.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 21.2% |
| 资本支出强度资本支出/营收 | 1.2% | 3.4% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $654.2M |
8季度趋势，按日历期对齐
经营现金流CARTJKHY
| Q4 25 | $183.0M | $152.7M | ||
| Q3 25 | $287.0M | $120.6M | ||
| Q2 25 | $203.0M | $327.1M | ||
| Q1 25 | $298.0M | $107.8M | ||
| Q4 24 | $153.0M | $89.6M | ||
| Q3 24 | $185.0M | $116.9M | ||
| Q2 24 | $244.0M | $231.8M | ||
| Q1 24 | $105.0M | $97.6M |
自由现金流CARTJKHY
| Q4 25 | $171.0M | $131.4M | ||
| Q3 25 | $272.0M | $111.7M | ||
| Q2 25 | $187.0M | $314.9M | ||
| Q1 25 | $280.0M | $96.1M | ||
| Q4 24 | $141.0M | $73.0M | ||
| Q3 24 | $171.0M | $104.1M | ||
| Q2 24 | $220.0M | $208.0M | ||
| Q1 24 | $91.0M | $87.7M |
自由现金流率CARTJKHY
| Q4 25 | 17.2% | 21.2% | ||
| Q3 25 | 29.0% | 17.3% | ||
| Q2 25 | 20.5% | 51.2% | ||
| Q1 25 | 31.2% | 16.4% | ||
| Q4 24 | 16.0% | 12.7% | ||
| Q3 24 | 20.1% | 17.3% | ||
| Q2 24 | 26.7% | 37.2% | ||
| Q1 24 | 11.1% | 16.3% |
资本支出强度CARTJKHY
| Q4 25 | 1.2% | 3.4% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 2.0% | 2.0% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 2.9% | 4.2% | ||
| Q1 24 | 1.7% | 1.8% |
现金转化率CARTJKHY
| Q4 25 | 2.26× | 1.22× | ||
| Q3 25 | 1.99× | 0.84× | ||
| Q2 25 | 1.75× | 2.56× | ||
| Q1 25 | 2.81× | 0.97× | ||
| Q4 24 | 1.03× | 0.92× | ||
| Q3 24 | 1.57× | 0.98× | ||
| Q2 24 | 4.00× | 2.29× | ||
| Q1 24 | 0.81× | 1.12× |
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% |
JKHY
| Processing | $273.5M | 44% |
| Private Public Cloud | $202.7M | 33% |
| On Premise Support | $79.0M | 13% |
| Product Deliveryand Service | $64.1M | 10% |
