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Maplebear Inc.（CART）与Knife River Corp（KNF）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Knife River Corp的1.3倍（$992.0M vs $755.1M），Maplebear Inc.净利率更高（8.2% vs 4.2%，领先3.9%），Knife River Corp同比增速更快（14.9% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $138.2M），过去两年Knife River Corp的营收复合增速更高（51.4% 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。
哥伦比亚河刀具工具公司（CRKT）是1994年成立的美国刀具企业，总部位于美国俄勒冈州图拉丁，主营各类刀具相关产品，目前由罗德·布雷默担任总裁兼销售主管，佩吉·布雷默担任财务主管。
CART vs KNF — 直观对比
营收规模更大
CART
是对方的1.3倍
$755.1M
营收增速更快
KNF
高出2.5%
12.3%
净利率更高
CART
高出3.9%
4.2%
自由现金流更多
CART
多$32.8M
$138.2M
两年增速更快
KNF
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $755.1M |
| 净利润 | $81.0M | $32.0M |
| 毛利率 | 72.3% | 19.2% |
| 营业利润率 | 9.9% | 8.6% |
| 净利率 | 8.2% | 4.2% |
| 营收同比 | 12.3% | 14.9% |
| 净利润同比 | -45.3% | 37.6% |
| 每股收益（稀释后） | $0.31 | $0.56 |
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CARTKNF
| Q4 25 | $992.0M | $755.1M | ||
| Q3 25 | $939.0M | $1.2B | ||
| Q2 25 | $914.0M | $833.8M | ||
| Q1 25 | $897.0M | $353.5M | ||
| Q4 24 | $883.0M | $657.2M | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $806.9M | ||
| Q1 24 | $820.0M | $329.6M |
净利润CARTKNF
| Q4 25 | $81.0M | $32.0M | ||
| Q3 25 | $144.0M | $143.2M | ||
| Q2 25 | $116.0M | $50.6M | ||
| Q1 25 | $106.0M | $-68.7M | ||
| Q4 24 | $148.0M | $23.3M | ||
| Q3 24 | $118.0M | $148.1M | ||
| Q2 24 | $61.0M | $77.9M | ||
| Q1 24 | $130.0M | $-47.6M |
毛利率CARTKNF
| Q4 25 | 72.3% | 19.2% | ||
| Q3 25 | 73.7% | 23.6% | ||
| Q2 25 | 74.2% | 18.9% | ||
| Q1 25 | 74.8% | -2.7% | ||
| Q4 24 | 75.2% | 17.4% | ||
| Q3 24 | 75.2% | 24.7% | ||
| Q2 24 | 75.7% | 21.8% | ||
| Q1 24 | 74.9% | 2.0% |
营业利润率CARTKNF
| Q4 25 | 9.9% | 8.6% | ||
| Q3 25 | 17.7% | 17.9% | ||
| Q2 25 | 13.6% | 10.6% | ||
| Q1 25 | 12.3% | -23.4% | ||
| Q4 24 | 17.6% | 6.7% | ||
| Q3 24 | 16.2% | 18.9% | ||
| Q2 24 | 6.3% | 14.5% | ||
| Q1 24 | 17.6% | -16.3% |
净利率CARTKNF
| Q4 25 | 8.2% | 4.2% | ||
| Q3 25 | 15.3% | 11.9% | ||
| Q2 25 | 12.7% | 6.1% | ||
| Q1 25 | 11.8% | -19.4% | ||
| Q4 24 | 16.8% | 3.5% | ||
| Q3 24 | 13.8% | 13.4% | ||
| Q2 24 | 7.4% | 9.7% | ||
| Q1 24 | 15.9% | -14.5% |
每股收益（稀释后）CARTKNF
| Q4 25 | $0.31 | $0.56 | ||
| Q3 25 | $0.51 | $2.52 | ||
| Q2 25 | $0.41 | $0.89 | ||
| Q1 25 | $0.37 | $-1.21 | ||
| Q4 24 | $0.53 | $0.42 | ||
| Q3 24 | $0.42 | $2.60 | ||
| Q2 24 | $0.20 | $1.37 | ||
| Q1 24 | $0.43 | $-0.84 |
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 | $73.8M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $2.5B | $1.6B |
| 总资产 | $3.7B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 0.71× |
8季度趋势，按日历期对齐
现金及短期投资CARTKNF
| Q4 25 | $687.0M | $73.8M | ||
| Q3 25 | $1.7B | $30.7M | ||
| Q2 25 | $1.6B | $26.6M | ||
| Q1 25 | $1.6B | $86.1M | ||
| Q4 24 | $1.4B | $236.8M | ||
| Q3 24 | $1.3B | $220.4M | ||
| Q2 24 | $1.4B | $15.5M | ||
| Q1 24 | $1.5B | $128.4M |
总债务CARTKNF
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $677.4M | ||
| Q3 24 | — | $678.5M | ||
| Q2 24 | — | $679.5M | ||
| Q1 24 | — | $680.6M |
股东权益CARTKNF
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $3.5B | $1.6B | ||
| Q2 25 | $3.3B | $1.5B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $3.1B | $1.2B |
总资产CARTKNF
| Q4 25 | $3.7B | $3.7B | ||
| Q3 25 | $4.5B | $3.7B | ||
| Q2 25 | $4.4B | $3.6B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $3.9B | $2.9B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $4.1B | $2.5B |
负债/权益比CARTKNF
| Q4 25 | — | 0.71× | ||
| Q3 25 | — | 0.74× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.56× |
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 | $195.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $138.2M |
| 自由现金流率自由现金流/营收 | 17.2% | 18.3% |
| 资本支出强度资本支出/营收 | 1.2% | 7.6% |
| 现金转化率经营现金流/净利润 | 2.26× | 6.12× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $-69.6M |
8季度趋势，按日历期对齐
经营现金流CARTKNF
| Q4 25 | $183.0M | $195.9M | ||
| Q3 25 | $287.0M | $250.4M | ||
| Q2 25 | $203.0M | $-42.6M | ||
| Q1 25 | $298.0M | $-125.3M | ||
| Q4 24 | $153.0M | $172.4M | ||
| Q3 24 | $185.0M | $239.7M | ||
| Q2 24 | $244.0M | $-46.6M | ||
| Q1 24 | $105.0M | $-43.2M |
自由现金流CARTKNF
| Q4 25 | $171.0M | $138.2M | ||
| Q3 25 | $272.0M | $188.7M | ||
| Q2 25 | $187.0M | $-196.2M | ||
| Q1 25 | $280.0M | $-200.2M | ||
| Q4 24 | $141.0M | $127.2M | ||
| Q3 24 | $171.0M | $216.1M | ||
| Q2 24 | $220.0M | $-106.5M | ||
| Q1 24 | $91.0M | $-86.9M |
自由现金流率CARTKNF
| Q4 25 | 17.2% | 18.3% | ||
| Q3 25 | 29.0% | 15.7% | ||
| Q2 25 | 20.5% | -23.5% | ||
| Q1 25 | 31.2% | -56.6% | ||
| Q4 24 | 16.0% | 19.3% | ||
| Q3 24 | 20.1% | 19.6% | ||
| Q2 24 | 26.7% | -13.2% | ||
| Q1 24 | 11.1% | -26.4% |
资本支出强度CARTKNF
| Q4 25 | 1.2% | 7.6% | ||
| Q3 25 | 1.6% | 5.1% | ||
| Q2 25 | 1.8% | 18.4% | ||
| Q1 25 | 2.0% | 21.2% | ||
| Q4 24 | 1.4% | 6.9% | ||
| Q3 24 | 1.6% | 2.1% | ||
| Q2 24 | 2.9% | 7.4% | ||
| Q1 24 | 1.7% | 13.3% |
现金转化率CARTKNF
| Q4 25 | 2.26× | 6.12× | ||
| Q3 25 | 1.99× | 1.75× | ||
| Q2 25 | 1.75× | -0.84× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 7.41× | ||
| Q3 24 | 1.57× | 1.62× | ||
| Q2 24 | 4.00× | -0.60× | ||
| 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% |
KNF
| Services | $347.2M | 46% |
| Ready Mix Concrete | $88.4M | 12% |
| Contracting Services Public Sector | $80.2M | 11% |
| Aggregates | $73.9M | 10% |
| Energy Services Segment | $56.2M | 7% |
| Liquid Asphalt | $49.1M | 7% |
| Other | $43.2M | 6% |
| Asphalt | $22.7M | 3% |
