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Maplebear Inc.（CART）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
Maplebear Inc.的季度营收约是礼恩派的1.1倍（$992.0M vs $938.6M），Maplebear Inc.净利率更高（8.2% vs 2.7%，领先5.5%），Maplebear Inc.同比增速更快（12.3% vs -11.2%），Maplebear Inc.自由现金流更多（$171.0M vs $101.9M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -7.5%）
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。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
CART vs LEG — 直观对比
营收规模更大
CART
是对方的1.1倍
$938.6M
营收增速更快
CART
高出23.5%
-11.2%
净利率更高
CART
高出5.5%
2.7%
自由现金流更多
CART
多$69.1M
$101.9M
两年增速更快
CART
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $938.6M |
| 净利润 | $81.0M | $25.1M |
| 毛利率 | 72.3% | 17.9% |
| 营业利润率 | 9.9% | 2.0% |
| 净利率 | 8.2% | 2.7% |
| 营收同比 | 12.3% | -11.2% |
| 净利润同比 | -45.3% | 76.8% |
| 每股收益（稀释后） | $0.31 | $0.18 |
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CARTLEG
| Q4 25 | $992.0M | $938.6M | ||
| Q3 25 | $939.0M | $1.0B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.0B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.1B |
净利润CARTLEG
| Q4 25 | $81.0M | $25.1M | ||
| Q3 25 | $144.0M | $127.1M | ||
| Q2 25 | $116.0M | $52.5M | ||
| Q1 25 | $106.0M | $30.6M | ||
| Q4 24 | $148.0M | $14.2M | ||
| Q3 24 | $118.0M | $44.9M | ||
| Q2 24 | $61.0M | $-602.2M | ||
| Q1 24 | $130.0M | $31.6M |
毛利率CARTLEG
| Q4 25 | 72.3% | 17.9% | ||
| Q3 25 | 73.7% | 18.7% | ||
| Q2 25 | 74.2% | 18.2% | ||
| Q1 25 | 74.8% | 18.6% | ||
| Q4 24 | 75.2% | 16.6% | ||
| Q3 24 | 75.2% | 18.2% | ||
| Q2 24 | 75.7% | 16.5% | ||
| Q1 24 | 74.9% | 17.0% |
营业利润率CARTLEG
| Q4 25 | 9.9% | 2.0% | ||
| Q3 25 | 17.7% | 14.9% | ||
| Q2 25 | 13.6% | 6.8% | ||
| Q1 25 | 12.3% | 4.4% | ||
| Q4 24 | 17.6% | 2.4% | ||
| Q3 24 | 16.2% | 5.2% | ||
| Q2 24 | 6.3% | -56.2% | ||
| Q1 24 | 17.6% | 3.9% |
净利率CARTLEG
| Q4 25 | 8.2% | 2.7% | ||
| Q3 25 | 15.3% | 12.3% | ||
| Q2 25 | 12.7% | 5.0% | ||
| Q1 25 | 11.8% | 3.0% | ||
| Q4 24 | 16.8% | 1.3% | ||
| Q3 24 | 13.8% | 4.1% | ||
| Q2 24 | 7.4% | -53.4% | ||
| Q1 24 | 15.9% | 2.9% |
每股收益（稀释后）CARTLEG
| Q4 25 | $0.31 | $0.18 | ||
| Q3 25 | $0.51 | $0.91 | ||
| Q2 25 | $0.41 | $0.38 | ||
| Q1 25 | $0.37 | $0.22 | ||
| Q4 24 | $0.53 | $0.10 | ||
| Q3 24 | $0.42 | $0.33 | ||
| Q2 24 | $0.20 | $-4.39 | ||
| Q1 24 | $0.43 | $0.23 |
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 | $587.4M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $2.5B | $1.0B |
| 总资产 | $3.7B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资CARTLEG
| Q4 25 | $687.0M | $587.4M | ||
| Q3 25 | $1.7B | $460.7M | ||
| Q2 25 | $1.6B | $368.8M | ||
| Q1 25 | $1.6B | $412.6M | ||
| Q4 24 | $1.4B | $350.2M | ||
| Q3 24 | $1.3B | $277.2M | ||
| Q2 24 | $1.4B | $307.0M | ||
| Q1 24 | $1.5B | $361.3M |
总债务CARTLEG
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.8B |
股东权益CARTLEG
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $3.5B | $971.8M | ||
| Q2 25 | $3.3B | $855.0M | ||
| Q1 25 | $3.2B | $746.8M | ||
| Q4 24 | $3.1B | $689.4M | ||
| Q3 24 | $2.9B | $741.0M | ||
| Q2 24 | $3.0B | $667.6M | ||
| Q1 24 | $3.1B | $1.3B |
总资产CARTLEG
| Q4 25 | $3.7B | $3.5B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.4B | $3.7B | ||
| Q1 25 | $4.3B | $3.7B | ||
| Q4 24 | $4.1B | $3.7B | ||
| Q3 24 | $3.9B | $3.8B | ||
| Q2 24 | $4.0B | $3.8B | ||
| Q1 24 | $4.1B | $4.6B |
负债/权益比CARTLEG
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 2.10× | ||
| Q1 25 | — | 2.59× | ||
| Q4 24 | — | 2.70× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.55× | ||
| Q1 24 | — | 1.38× |
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 | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $101.9M |
| 自由现金流率自由现金流/营收 | 17.2% | 10.9% |
| 资本支出强度资本支出/营收 | 1.2% | 2.1% |
| 现金转化率经营现金流/净利润 | 2.26× | 4.84× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $281.0M |
8季度趋势，按日历期对齐
经营现金流CARTLEG
| Q4 25 | $183.0M | $121.5M | ||
| Q3 25 | $287.0M | $125.9M | ||
| Q2 25 | $203.0M | $84.0M | ||
| Q1 25 | $298.0M | $6.8M | ||
| Q4 24 | $153.0M | $122.3M | ||
| Q3 24 | $185.0M | $95.5M | ||
| Q2 24 | $244.0M | $94.0M | ||
| Q1 24 | $105.0M | $-6.1M |
自由现金流CARTLEG
| Q4 25 | $171.0M | $101.9M | ||
| Q3 25 | $272.0M | $110.1M | ||
| Q2 25 | $187.0M | $75.5M | ||
| Q1 25 | $280.0M | $-6.5M | ||
| Q4 24 | $141.0M | $100.5M | ||
| Q3 24 | $171.0M | $77.1M | ||
| Q2 24 | $220.0M | $78.5M | ||
| Q1 24 | $91.0M | $-32.0M |
自由现金流率CARTLEG
| Q4 25 | 17.2% | 10.9% | ||
| Q3 25 | 29.0% | 10.6% | ||
| Q2 25 | 20.5% | 7.1% | ||
| Q1 25 | 31.2% | -0.6% | ||
| Q4 24 | 16.0% | 9.5% | ||
| Q3 24 | 20.1% | 7.0% | ||
| Q2 24 | 26.7% | 7.0% | ||
| Q1 24 | 11.1% | -2.9% |
资本支出强度CARTLEG
| Q4 25 | 1.2% | 2.1% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 2.0% | 1.3% | ||
| Q4 24 | 1.4% | 2.1% | ||
| Q3 24 | 1.6% | 1.7% | ||
| Q2 24 | 2.9% | 1.4% | ||
| Q1 24 | 1.7% | 2.4% |
现金转化率CARTLEG
| Q4 25 | 2.26× | 4.84× | ||
| Q3 25 | 1.99× | 0.99× | ||
| Q2 25 | 1.75× | 1.60× | ||
| Q1 25 | 2.81× | 0.22× | ||
| Q4 24 | 1.03× | 8.61× | ||
| Q3 24 | 1.57× | 2.13× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | -0.19× |
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% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
