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Maplebear Inc.（CART）与Loews Corporation（L）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Loews Corporation的1.2倍（$992.0M vs $827.0M），Loews Corporation净利率更高（48.6% vs 8.2%，领先40.4%），Maplebear Inc.同比增速更快（12.3% vs 4.8%），Loews Corporation自由现金流更多（$426.0M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 7.9%）
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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
CART vs L — 直观对比
营收规模更大
CART
是对方的1.2倍
$827.0M
营收增速更快
CART
高出7.5%
4.8%
净利率更高
L
高出40.4%
8.2%
自由现金流更多
L
多$255.0M
$171.0M
两年增速更快
CART
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $827.0M |
| 净利润 | $81.0M | $402.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 65.4% |
| 净利率 | 8.2% | 48.6% |
| 营收同比 | 12.3% | 4.8% |
| 净利润同比 | -45.3% | 115.0% |
| 每股收益（稀释后） | $0.31 | $1.93 |
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CARTL
| Q4 25 | $992.0M | $827.0M | ||
| Q3 25 | $939.0M | $732.0M | ||
| Q2 25 | $914.0M | $769.0M | ||
| Q1 25 | $897.0M | $846.0M | ||
| Q4 24 | $883.0M | $789.0M | ||
| Q3 24 | $852.0M | $683.0M | ||
| Q2 24 | $823.0M | $711.0M | ||
| Q1 24 | $820.0M | $710.0M |
净利润CARTL
| Q4 25 | $81.0M | $402.0M | ||
| Q3 25 | $144.0M | $504.0M | ||
| Q2 25 | $116.0M | $391.0M | ||
| Q1 25 | $106.0M | $370.0M | ||
| Q4 24 | $148.0M | $187.0M | ||
| Q3 24 | $118.0M | $401.0M | ||
| Q2 24 | $61.0M | $369.0M | ||
| Q1 24 | $130.0M | $457.0M |
毛利率CARTL
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | — |
营业利润率CARTL
| Q4 25 | 9.9% | 65.4% | ||
| Q3 25 | 17.7% | 94.1% | ||
| Q2 25 | 13.6% | 70.1% | ||
| Q1 25 | 12.3% | 60.8% | ||
| Q4 24 | 17.6% | 23.8% | ||
| Q3 24 | 16.2% | 80.5% | ||
| Q2 24 | 6.3% | 71.3% | ||
| Q1 24 | 17.6% | 88.6% |
净利率CARTL
| Q4 25 | 8.2% | 48.6% | ||
| Q3 25 | 15.3% | 68.9% | ||
| Q2 25 | 12.7% | 50.8% | ||
| Q1 25 | 11.8% | 43.7% | ||
| Q4 24 | 16.8% | 23.7% | ||
| Q3 24 | 13.8% | 58.7% | ||
| Q2 24 | 7.4% | 51.9% | ||
| Q1 24 | 15.9% | 64.4% |
每股收益（稀释后）CARTL
| Q4 25 | $0.31 | $1.93 | ||
| Q3 25 | $0.51 | $2.43 | ||
| Q2 25 | $0.41 | $1.87 | ||
| Q1 25 | $0.37 | $1.74 | ||
| Q4 24 | $0.53 | $0.87 | ||
| Q3 24 | $0.42 | $1.82 | ||
| Q2 24 | $0.20 | $1.67 | ||
| Q1 24 | $0.43 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | — | $8.4B |
| 股东权益账面价值 | $2.5B | $18.7B |
| 总资产 | $3.7B | $86.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资CARTL
| Q4 25 | $687.0M | $6.0B | ||
| Q3 25 | $1.7B | $5.4B | ||
| Q2 25 | $1.6B | $4.5B | ||
| Q1 25 | $1.6B | $4.4B | ||
| Q4 24 | $1.4B | $4.6B | ||
| Q3 24 | $1.3B | $5.2B | ||
| Q2 24 | $1.4B | $4.9B | ||
| Q1 24 | $1.5B | $5.4B |
总债务CARTL
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.4B |
股东权益CARTL
| Q4 25 | $2.5B | $18.7B | ||
| Q3 25 | $3.5B | $18.3B | ||
| Q2 25 | $3.3B | $17.5B | ||
| Q1 25 | $3.2B | $17.2B | ||
| Q4 24 | $3.1B | $17.1B | ||
| Q3 24 | $2.9B | $17.4B | ||
| Q2 24 | $3.0B | $16.4B | ||
| Q1 24 | $3.1B | $16.2B |
总资产CARTL
| Q4 25 | $3.7B | $86.3B | ||
| Q3 25 | $4.5B | $85.9B | ||
| Q2 25 | $4.4B | $84.7B | ||
| Q1 25 | $4.3B | $83.1B | ||
| Q4 24 | $4.1B | $81.9B | ||
| Q3 24 | $3.9B | $83.6B | ||
| Q2 24 | $4.0B | $81.1B | ||
| Q1 24 | $4.1B | $80.9B |
负债/权益比CARTL
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $426.0M |
| 自由现金流率自由现金流/营收 | 17.2% | 51.5% |
| 资本支出强度资本支出/营收 | 1.2% | 23.1% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $2.7B |
8季度趋势，按日历期对齐
经营现金流CARTL
| Q4 25 | $183.0M | $617.0M | ||
| Q3 25 | $287.0M | $920.0M | ||
| Q2 25 | $203.0M | $1.0B | ||
| Q1 25 | $298.0M | $736.0M | ||
| Q4 24 | $153.0M | $941.0M | ||
| Q3 24 | $185.0M | $934.0M | ||
| Q2 24 | $244.0M | $952.0M | ||
| Q1 24 | $105.0M | $198.0M |
自由现金流CARTL
| Q4 25 | $171.0M | $426.0M | ||
| Q3 25 | $272.0M | $764.0M | ||
| Q2 25 | $187.0M | $872.0M | ||
| Q1 25 | $280.0M | $638.0M | ||
| Q4 24 | $141.0M | $767.0M | ||
| Q3 24 | $171.0M | $794.0M | ||
| Q2 24 | $220.0M | $793.0M | ||
| Q1 24 | $91.0M | $39.0M |
自由现金流率CARTL
| Q4 25 | 17.2% | 51.5% | ||
| Q3 25 | 29.0% | 104.4% | ||
| Q2 25 | 20.5% | 113.4% | ||
| Q1 25 | 31.2% | 75.4% | ||
| Q4 24 | 16.0% | 97.2% | ||
| Q3 24 | 20.1% | 116.3% | ||
| Q2 24 | 26.7% | 111.5% | ||
| Q1 24 | 11.1% | 5.5% |
资本支出强度CARTL
| Q4 25 | 1.2% | 23.1% | ||
| Q3 25 | 1.6% | 21.3% | ||
| Q2 25 | 1.8% | 17.4% | ||
| Q1 25 | 2.0% | 11.6% | ||
| Q4 24 | 1.4% | 22.1% | ||
| Q3 24 | 1.6% | 20.5% | ||
| Q2 24 | 2.9% | 22.4% | ||
| Q1 24 | 1.7% | 22.4% |
现金转化率CARTL
| Q4 25 | 2.26× | 1.53× | ||
| Q3 25 | 1.99× | 1.83× | ||
| Q2 25 | 1.75× | 2.57× | ||
| Q1 25 | 2.81× | 1.99× | ||
| Q4 24 | 1.03× | 5.03× | ||
| Q3 24 | 1.57× | 2.33× | ||
| Q2 24 | 4.00× | 2.58× | ||
| Q1 24 | 0.81× | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
