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Maplebear Inc.（CART）与KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.1倍（$992.0M vs $929.0M），Maplebear Inc.净利率更高（8.2% vs 3.0%，领先5.1%），KAISER ALUMINUM CORP同比增速更快（21.4% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $-51.1M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% 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。
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
CART vs KALU — 直观对比
营收规模更大
CART
是对方的1.1倍
$929.0M
营收增速更快
KALU
高出9.0%
12.3%
净利率更高
CART
高出5.1%
3.0%
自由现金流更多
CART
多$222.1M
$-51.1M
两年增速更快
KALU
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $929.0M |
| 净利润 | $81.0M | $28.2M |
| 毛利率 | 72.3% | 13.3% |
| 营业利润率 | 9.9% | 6.5% |
| 净利率 | 8.2% | 3.0% |
| 营收同比 | 12.3% | 21.4% |
| 净利润同比 | -45.3% | 42.4% |
| 每股收益（稀释后） | $0.31 | $1.67 |
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CARTKALU
| Q4 25 | $992.0M | $929.0M | ||
| Q3 25 | $939.0M | $843.5M | ||
| Q2 25 | $914.0M | $823.1M | ||
| Q1 25 | $897.0M | $777.4M | ||
| Q4 24 | $883.0M | $765.4M | ||
| Q3 24 | $852.0M | $747.7M | ||
| Q2 24 | $823.0M | $773.4M | ||
| Q1 24 | $820.0M | $737.5M |
净利润CARTKALU
| Q4 25 | $81.0M | $28.2M | ||
| Q3 25 | $144.0M | $39.5M | ||
| Q2 25 | $116.0M | $23.2M | ||
| Q1 25 | $106.0M | $21.6M | ||
| Q4 24 | $148.0M | $19.8M | ||
| Q3 24 | $118.0M | $8.8M | ||
| Q2 24 | $61.0M | $18.9M | ||
| Q1 24 | $130.0M | $18.2M |
毛利率CARTKALU
| Q4 25 | 72.3% | 13.3% | ||
| Q3 25 | 73.7% | 13.6% | ||
| Q2 25 | 74.2% | 12.2% | ||
| Q1 25 | 74.8% | 13.4% | ||
| Q4 24 | 75.2% | 12.5% | ||
| Q3 24 | 75.2% | 9.6% | ||
| Q2 24 | 75.7% | 13.4% | ||
| Q1 24 | 74.9% | 11.7% |
营业利润率CARTKALU
| Q4 25 | 9.9% | 6.5% | ||
| Q3 25 | 17.7% | 5.8% | ||
| Q2 25 | 13.6% | 4.6% | ||
| Q1 25 | 12.3% | 5.3% | ||
| Q4 24 | 17.6% | 5.0% | ||
| Q3 24 | 16.2% | 1.8% | ||
| Q2 24 | 6.3% | 4.7% | ||
| Q1 24 | 17.6% | 3.3% |
净利率CARTKALU
| Q4 25 | 8.2% | 3.0% | ||
| Q3 25 | 15.3% | 4.7% | ||
| Q2 25 | 12.7% | 2.8% | ||
| Q1 25 | 11.8% | 2.8% | ||
| Q4 24 | 16.8% | 2.6% | ||
| Q3 24 | 13.8% | 1.2% | ||
| Q2 24 | 7.4% | 2.4% | ||
| Q1 24 | 15.9% | 2.5% |
每股收益（稀释后）CARTKALU
| Q4 25 | $0.31 | $1.67 | ||
| Q3 25 | $0.51 | $2.38 | ||
| Q2 25 | $0.41 | $1.41 | ||
| Q1 25 | $0.37 | $1.31 | ||
| Q4 24 | $0.53 | $1.21 | ||
| Q3 24 | $0.42 | $0.54 | ||
| Q2 24 | $0.20 | $1.15 | ||
| Q1 24 | $0.43 | $1.12 |
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 | $7.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $826.1M |
| 总资产 | $3.7B | $2.6B |
| 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CARTKALU
| Q4 25 | $687.0M | $7.0M | ||
| Q3 25 | $1.7B | $17.2M | ||
| Q2 25 | $1.6B | $13.1M | ||
| Q1 25 | $1.6B | $21.3M | ||
| Q4 24 | $1.4B | $18.4M | ||
| Q3 24 | $1.3B | $45.7M | ||
| Q2 24 | $1.4B | $70.4M | ||
| Q1 24 | $1.5B | $101.6M |
股东权益CARTKALU
| Q4 25 | $2.5B | $826.1M | ||
| Q3 25 | $3.5B | $806.1M | ||
| Q2 25 | $3.3B | $776.0M | ||
| Q1 25 | $3.2B | $756.8M | ||
| Q4 24 | $3.1B | $743.1M | ||
| Q3 24 | $2.9B | $729.4M | ||
| Q2 24 | $3.0B | $727.6M | ||
| Q1 24 | $3.1B | $714.7M |
总资产CARTKALU
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $4.5B | $2.6B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.3B | $2.4B | ||
| Q4 24 | $4.1B | $2.4B | ||
| Q3 24 | $3.9B | $2.3B | ||
| Q2 24 | $4.0B | $2.3B | ||
| Q1 24 | $4.1B | $2.3B |
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 | $-20.6M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-51.1M |
| 自由现金流率自由现金流/营收 | 17.2% | -5.5% |
| 资本支出强度资本支出/营收 | 1.2% | 3.3% |
| 现金转化率经营现金流/净利润 | 2.26× | -0.73× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $-25.5M |
8季度趋势，按日历期对齐
经营现金流CARTKALU
| Q4 25 | $183.0M | $-20.6M | ||
| Q3 25 | $287.0M | $59.1M | ||
| Q2 25 | $203.0M | $15.9M | ||
| Q1 25 | $298.0M | $57.0M | ||
| Q4 24 | $153.0M | $43.4M | ||
| Q3 24 | $185.0M | $34.1M | ||
| Q2 24 | $244.0M | $26.3M | ||
| Q1 24 | $105.0M | $63.3M |
自由现金流CARTKALU
| Q4 25 | $171.0M | $-51.1M | ||
| Q3 25 | $272.0M | $34.5M | ||
| Q2 25 | $187.0M | $-27.7M | ||
| Q1 25 | $280.0M | $18.8M | ||
| Q4 24 | $141.0M | $-12.6M | ||
| Q3 24 | $171.0M | $-17.0M | ||
| Q2 24 | $220.0M | $-17.4M | ||
| Q1 24 | $91.0M | $33.3M |
自由现金流率CARTKALU
| Q4 25 | 17.2% | -5.5% | ||
| Q3 25 | 29.0% | 4.1% | ||
| Q2 25 | 20.5% | -3.4% | ||
| Q1 25 | 31.2% | 2.4% | ||
| Q4 24 | 16.0% | -1.6% | ||
| Q3 24 | 20.1% | -2.3% | ||
| Q2 24 | 26.7% | -2.2% | ||
| Q1 24 | 11.1% | 4.5% |
资本支出强度CARTKALU
| Q4 25 | 1.2% | 3.3% | ||
| Q3 25 | 1.6% | 2.9% | ||
| Q2 25 | 1.8% | 5.3% | ||
| Q1 25 | 2.0% | 4.9% | ||
| Q4 24 | 1.4% | 7.3% | ||
| Q3 24 | 1.6% | 6.8% | ||
| Q2 24 | 2.9% | 5.7% | ||
| Q1 24 | 1.7% | 4.1% |
现金转化率CARTKALU
| Q4 25 | 2.26× | -0.73× | ||
| Q3 25 | 1.99× | 1.50× | ||
| Q2 25 | 1.75× | 0.69× | ||
| Q1 25 | 2.81× | 2.64× | ||
| Q4 24 | 1.03× | 2.19× | ||
| Q3 24 | 1.57× | 3.88× | ||
| Q2 24 | 4.00× | 1.39× | ||
| Q1 24 | 0.81× | 3.48× |
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% |
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
