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Maplebear Inc.（CART）与Liberty Latin America Ltd.（LILA）财务数据对比。点击上方公司名可切换其他公司
Liberty Latin America Ltd.的季度营收约是Maplebear Inc.的1.2倍（$1.2B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -4.7%，领先12.9%），Maplebear Inc.同比增速更快（12.3% vs 1.7%），Liberty Latin America Ltd.自由现金流更多（$320.1M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 2.7%）
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。
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
CART vs LILA — 直观对比
营收规模更大
LILA
是对方的1.2倍
$992.0M
营收增速更快
CART
高出10.7%
1.7%
净利率更高
CART
高出12.9%
-4.7%
自由现金流更多
LILA
多$149.1M
$171.0M
两年增速更快
CART
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.2B |
| 净利润 | $81.0M | $-54.8M |
| 毛利率 | 72.3% | 77.3% |
| 营业利润率 | 9.9% | 10.8% |
| 净利率 | 8.2% | -4.7% |
| 营收同比 | 12.3% | 1.7% |
| 净利润同比 | -45.3% | 74.0% |
| 每股收益（稀释后） | $0.31 | $-0.27 |
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CARTLILA
| Q4 25 | $992.0M | $1.2B | ||
| Q3 25 | $939.0M | $1.1B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.1B | ||
| 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CARTLILA
| Q4 25 | $81.0M | $-54.8M | ||
| Q3 25 | $144.0M | $3.3M | ||
| Q2 25 | $116.0M | $-423.3M | ||
| Q1 25 | $106.0M | $-136.4M | ||
| Q4 24 | $148.0M | $-210.4M | ||
| Q3 24 | $118.0M | $-435.8M | ||
| Q2 24 | $61.0M | $-42.7M | ||
| Q1 24 | $130.0M | $-500.0K |
毛利率CARTLILA
| Q4 25 | 72.3% | 77.3% | ||
| Q3 25 | 73.7% | 77.7% | ||
| Q2 25 | 74.2% | 78.6% | ||
| Q1 25 | 74.8% | 78.5% | ||
| Q4 24 | 75.2% | 76.1% | ||
| Q3 24 | 75.2% | 78.7% | ||
| Q2 24 | 75.7% | 78.1% | ||
| Q1 24 | 74.9% | 78.2% |
营业利润率CARTLILA
| Q4 25 | 9.9% | 10.8% | ||
| Q3 25 | 17.7% | 16.9% | ||
| Q2 25 | 13.6% | -30.6% | ||
| Q1 25 | 12.3% | 11.8% | ||
| Q4 24 | 17.6% | 8.7% | ||
| Q3 24 | 16.2% | -34.9% | ||
| Q2 24 | 6.3% | 9.9% | ||
| Q1 24 | 17.6% | 8.4% |
净利率CARTLILA
| Q4 25 | 8.2% | -4.7% | ||
| Q3 25 | 15.3% | 0.3% | ||
| Q2 25 | 12.7% | -39.0% | ||
| Q1 25 | 11.8% | -12.6% | ||
| Q4 24 | 16.8% | -18.5% | ||
| Q3 24 | 13.8% | -40.0% | ||
| Q2 24 | 7.4% | -3.8% | ||
| Q1 24 | 15.9% | -0.0% |
每股收益（稀释后）CARTLILA
| Q4 25 | $0.31 | $-0.27 | ||
| Q3 25 | $0.51 | $0.02 | ||
| Q2 25 | $0.41 | $-2.12 | ||
| Q1 25 | $0.37 | $-0.69 | ||
| Q4 24 | $0.53 | $-1.03 | ||
| Q3 24 | $0.42 | $-2.22 | ||
| Q2 24 | $0.20 | $-0.22 | ||
| Q1 24 | $0.43 | $0.00 |
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 | $783.9M |
| 总债务越低越好 | — | $7.9B |
| 股东权益账面价值 | $2.5B | $555.6M |
| 总资产 | $3.7B | $12.2B |
| 负债/权益比越低杠杆越低 | — | 14.17× |
8季度趋势，按日历期对齐
现金及短期投资CARTLILA
| Q4 25 | $687.0M | $783.9M | ||
| Q3 25 | $1.7B | $596.7M | ||
| Q2 25 | $1.6B | $514.4M | ||
| Q1 25 | $1.6B | $575.5M | ||
| Q4 24 | $1.4B | $654.3M | ||
| Q3 24 | $1.3B | $588.6M | ||
| Q2 24 | $1.4B | $598.6M | ||
| Q1 24 | $1.5B | $668.5M |
总债务CARTLILA
| Q4 25 | — | $7.9B | ||
| Q3 25 | — | $7.8B | ||
| Q2 25 | — | $7.6B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $7.6B |
股东权益CARTLILA
| Q4 25 | $2.5B | $555.6M | ||
| Q3 25 | $3.5B | $628.9M | ||
| Q2 25 | $3.3B | $608.4M | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $3.1B | $1.7B |
总资产CARTLILA
| Q4 25 | $3.7B | $12.2B | ||
| Q3 25 | $4.5B | $12.0B | ||
| Q2 25 | $4.4B | $12.0B | ||
| Q1 25 | $4.3B | $12.6B | ||
| Q4 24 | $4.1B | $12.8B | ||
| Q3 24 | $3.9B | $12.7B | ||
| Q2 24 | $4.0B | $13.2B | ||
| Q1 24 | $4.1B | $13.3B |
负债/权益比CARTLILA
| Q4 25 | — | 14.17× | ||
| Q3 25 | — | 12.45× | ||
| Q2 25 | — | 12.50× | ||
| Q1 25 | — | 7.47× | ||
| Q4 24 | — | 6.99× | ||
| Q3 24 | — | 6.20× | ||
| Q2 24 | — | 4.59× | ||
| Q1 24 | — | 4.38× |
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 | $461.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $320.1M |
| 自由现金流率自由现金流/营收 | 17.2% | 27.6% |
| 资本支出强度资本支出/营收 | 1.2% | 12.2% |
| 现金转化率经营现金流/净利润 | 2.26× | — |
| 过去12个月自由现金流最近4个季度 | $910.0M | $305.9M |
8季度趋势，按日历期对齐
经营现金流CARTLILA
| Q4 25 | $183.0M | $461.9M | ||
| Q3 25 | $287.0M | $178.2M | ||
| Q2 25 | $203.0M | $141.2M | ||
| Q1 25 | $298.0M | $24.6M | ||
| Q4 24 | $153.0M | $398.6M | ||
| Q3 24 | $185.0M | $177.5M | ||
| Q2 24 | $244.0M | $156.9M | ||
| Q1 24 | $105.0M | $23.3M |
自由现金流CARTLILA
| Q4 25 | $171.0M | $320.1M | ||
| Q3 25 | $272.0M | $56.0M | ||
| Q2 25 | $187.0M | $1.9M | ||
| Q1 25 | $280.0M | $-72.1M | ||
| Q4 24 | $141.0M | $234.9M | ||
| Q3 24 | $171.0M | $51.0M | ||
| Q2 24 | $220.0M | $16.4M | ||
| Q1 24 | $91.0M | $-86.4M |
自由现金流率CARTLILA
| Q4 25 | 17.2% | 27.6% | ||
| Q3 25 | 29.0% | 5.0% | ||
| Q2 25 | 20.5% | 0.2% | ||
| Q1 25 | 31.2% | -6.7% | ||
| Q4 24 | 16.0% | 20.6% | ||
| Q3 24 | 20.1% | 4.7% | ||
| Q2 24 | 26.7% | 1.5% | ||
| Q1 24 | 11.1% | -7.9% |
资本支出强度CARTLILA
| Q4 25 | 1.2% | 12.2% | ||
| Q3 25 | 1.6% | 11.0% | ||
| Q2 25 | 1.8% | 12.8% | ||
| Q1 25 | 2.0% | 8.9% | ||
| Q4 24 | 1.4% | 14.4% | ||
| Q3 24 | 1.6% | 11.6% | ||
| Q2 24 | 2.9% | 12.6% | ||
| Q1 24 | 1.7% | 10.0% |
现金转化率CARTLILA
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 54.00× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| 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% |
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
