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Maplebear Inc.（CART）与狮门影业（LION）财务数据对比。点击上方公司名可切换其他公司
Maplebear Inc.的季度营收约是狮门影业的1.4倍（$992.0M vs $724.3M），Maplebear Inc.净利率更高（8.2% vs -6.4%，领先14.5%），狮门影业同比增速更快（52.5% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $-111.9M）
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。
狮门加拿大是狮门影业旗下的加拿大娱乐公司，总部位于多伦多娱乐区，核心业务涵盖电影与电视剧的制作、采购发行，为全球市场打造优质影视内容，在北美影视制作领域拥有丰富的行业资源与成熟的运营经验。
CART vs LION — 直观对比
营收规模更大
CART
是对方的1.4倍
$724.3M
营收增速更快
LION
高出40.1%
12.3%
净利率更高
CART
高出14.5%
-6.4%
自由现金流更多
CART
多$282.9M
$-111.9M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $724.3M |
| 净利润 | $81.0M | $-46.2M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 5.0% |
| 净利率 | 8.2% | -6.4% |
| 营收同比 | 12.3% | 52.5% |
| 净利润同比 | -45.3% | 59.3% |
| 每股收益（稀释后） | $0.31 | $-0.16 |
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CARTLION
| Q4 25 | $992.0M | $724.3M | ||
| Q3 25 | $939.0M | $475.1M | ||
| Q2 25 | $914.0M | $525.9M | ||
| Q1 25 | $897.0M | — | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | — | ||
| Q2 24 | $823.0M | — | ||
| Q1 24 | $820.0M | — |
净利润CARTLION
| Q4 25 | $81.0M | $-46.2M | ||
| Q3 25 | $144.0M | $-113.5M | ||
| Q2 25 | $116.0M | $-108.9M | ||
| Q1 25 | $106.0M | — | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | — | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $130.0M | — |
毛利率CARTLION
| 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CARTLION
| Q4 25 | 9.9% | 5.0% | ||
| Q3 25 | 17.7% | -9.7% | ||
| Q2 25 | 13.6% | -2.0% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 17.6% | — |
净利率CARTLION
| Q4 25 | 8.2% | -6.4% | ||
| Q3 25 | 15.3% | -23.9% | ||
| Q2 25 | 12.7% | -20.7% | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 15.9% | — |
每股收益（稀释后）CARTLION
| Q4 25 | $0.31 | $-0.16 | ||
| Q3 25 | $0.51 | $-0.39 | ||
| Q2 25 | $0.41 | $-0.40 | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.43 | — |
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 | $182.4M |
| 总债务越低越好 | — | $1.8B |
| 股东权益账面价值 | $2.5B | $-1.3B |
| 总资产 | $3.7B | $5.2B |
| 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CARTLION
| Q4 25 | $687.0M | $182.4M | ||
| Q3 25 | $1.7B | $202.4M | ||
| Q2 25 | $1.6B | $186.1M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总债务CARTLION
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CARTLION
| Q4 25 | $2.5B | $-1.3B | ||
| Q3 25 | $3.5B | $-1.3B | ||
| Q2 25 | $3.3B | $-1.1B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.1B | — |
总资产CARTLION
| Q4 25 | $3.7B | $5.2B | ||
| Q3 25 | $4.5B | $5.2B | ||
| Q2 25 | $4.4B | $5.2B | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.1B | — |
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 | $-108.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-111.9M |
| 自由现金流率自由现金流/营收 | 17.2% | -15.4% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CARTLION
| Q4 25 | $183.0M | $-108.9M | ||
| Q3 25 | $287.0M | $-104.0M | ||
| Q2 25 | $203.0M | $-31.0M | ||
| Q1 25 | $298.0M | — | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | — | ||
| Q2 24 | $244.0M | — | ||
| Q1 24 | $105.0M | — |
自由现金流CARTLION
| Q4 25 | $171.0M | $-111.9M | ||
| Q3 25 | $272.0M | $-107.2M | ||
| Q2 25 | $187.0M | $-34.5M | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTLION
| Q4 25 | 17.2% | -15.4% | ||
| Q3 25 | 29.0% | -22.6% | ||
| Q2 25 | 20.5% | -6.6% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTLION
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | — |
现金转化率CARTLION
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| 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% |
LION
| Television Production | $303.1M | 42% |
| Digital Media | $155.1M | 21% |
| Third Party Purchasers Individual Agreements | $91.2M | 13% |
| Theatrical | $70.7M | 10% |
| Domestic Television | $43.1M | 6% |
| Starz Business | $24.1M | 3% |
| Other Media | $17.6M | 2% |
| Packaged Media | $14.1M | 2% |
