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Maplebear Inc.（CART）与MongoDB, Inc.（MDB）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MongoDB, Inc.的1.6倍（$992.0M vs $628.3M），Maplebear Inc.净利率更高（8.2% vs -0.3%，领先8.5%），MongoDB, Inc.同比增速更快（18.7% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $141.8M），过去两年MongoDB, Inc.的营收复合增速更高（17.1% 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。
MongoDB Inc.是美国软件企业，核心业务为开发面向非结构化数据的数据库引擎MongoDB并提供相关商用技术支持。该产品脱胎于NoSQL数据库，后续新增ACID事务等能力，功能覆盖场景持续拓展，可充分满足全球企业级客户的多元需求。
CART vs MDB — 直观对比
营收规模更大
CART
是对方的1.6倍
$628.3M
营收增速更快
MDB
高出6.3%
12.3%
净利率更高
CART
高出8.5%
-0.3%
自由现金流更多
CART
多$29.2M
$141.8M
两年增速更快
MDB
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $628.3M |
| 净利润 | $81.0M | $-2.0M |
| 毛利率 | 72.3% | 71.5% |
| 营业利润率 | 9.9% | -2.9% |
| 净利率 | 8.2% | -0.3% |
| 营收同比 | 12.3% | 18.7% |
| 净利润同比 | -45.3% | 79.5% |
| 每股收益（稀释后） | $0.31 | — |
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CARTMDB
| Q4 25 | $992.0M | $628.3M | ||
| Q3 25 | $939.0M | $591.4M | ||
| Q2 25 | $914.0M | $549.0M | ||
| Q1 25 | $897.0M | $548.4M | ||
| Q4 24 | $883.0M | $529.4M | ||
| Q3 24 | $852.0M | $478.1M | ||
| Q2 24 | $823.0M | $450.6M | ||
| Q1 24 | $820.0M | $458.0M |
净利润CARTMDB
| Q4 25 | $81.0M | $-2.0M | ||
| Q3 25 | $144.0M | $-47.0M | ||
| Q2 25 | $116.0M | $-37.6M | ||
| Q1 25 | $106.0M | $15.8M | ||
| Q4 24 | $148.0M | $-9.8M | ||
| Q3 24 | $118.0M | $-54.5M | ||
| Q2 24 | $61.0M | $-80.6M | ||
| Q1 24 | $130.0M | $-55.5M |
毛利率CARTMDB
| Q4 25 | 72.3% | 71.5% | ||
| Q3 25 | 73.7% | 71.0% | ||
| Q2 25 | 74.2% | 71.2% | ||
| Q1 25 | 74.8% | 72.8% | ||
| Q4 24 | 75.2% | 74.4% | ||
| Q3 24 | 75.2% | 73.2% | ||
| Q2 24 | 75.7% | 72.8% | ||
| Q1 24 | 74.9% | 75.0% |
营业利润率CARTMDB
| Q4 25 | 9.9% | -2.9% | ||
| Q3 25 | 17.7% | -11.0% | ||
| Q2 25 | 13.6% | -9.8% | ||
| Q1 25 | 12.3% | -3.4% | ||
| Q4 24 | 17.6% | -5.3% | ||
| Q3 24 | 16.2% | -14.9% | ||
| Q2 24 | 6.3% | -21.8% | ||
| Q1 24 | 17.6% | -15.5% |
净利率CARTMDB
| Q4 25 | 8.2% | -0.3% | ||
| Q3 25 | 15.3% | -8.0% | ||
| Q2 25 | 12.7% | -6.9% | ||
| Q1 25 | 11.8% | 2.9% | ||
| Q4 24 | 16.8% | -1.8% | ||
| Q3 24 | 13.8% | -11.4% | ||
| Q2 24 | 7.4% | -17.9% | ||
| Q1 24 | 15.9% | -12.1% |
每股收益（稀释后）CARTMDB
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.41 | — | ||
| 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 | $834.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.9B |
| 总资产 | $3.7B | $3.6B |
| 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CARTMDB
| Q4 25 | $687.0M | $834.1M | ||
| Q3 25 | $1.7B | $647.1M | ||
| Q2 25 | $1.6B | $657.8M | ||
| Q1 25 | $1.6B | $490.1M | ||
| Q4 24 | $1.4B | $673.1M | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $815.7M | ||
| Q1 24 | $1.5B | $803.0M |
股东权益CARTMDB
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $3.5B | $2.9B | ||
| Q2 25 | $3.3B | $3.0B | ||
| Q1 25 | $3.2B | $2.8B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $3.1B | $1.1B |
总资产CARTMDB
| Q4 25 | $3.7B | $3.6B | ||
| Q3 25 | $4.5B | $3.5B | ||
| Q2 25 | $4.4B | $3.6B | ||
| Q1 25 | $4.3B | $3.4B | ||
| Q4 24 | $4.1B | $3.2B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $4.0B | $3.0B | ||
| Q1 24 | $4.1B | $2.9B |
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 | $143.5M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $141.8M |
| 自由现金流率自由现金流/营收 | 17.2% | 22.6% |
| 资本支出强度资本支出/营收 | 1.2% | 0.3% |
| 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 | $346.3M |
8季度趋势，按日历期对齐
经营现金流CARTMDB
| Q4 25 | $183.0M | $143.5M | ||
| Q3 25 | $287.0M | $72.1M | ||
| Q2 25 | $203.0M | $109.9M | ||
| Q1 25 | $298.0M | $50.5M | ||
| Q4 24 | $153.0M | $37.4M | ||
| Q3 24 | $185.0M | $-1.4M | ||
| Q2 24 | $244.0M | $63.6M | ||
| Q1 24 | $105.0M | $54.6M |
自由现金流CARTMDB
| Q4 25 | $171.0M | $141.8M | ||
| Q3 25 | $272.0M | $71.6M | ||
| Q2 25 | $187.0M | $108.3M | ||
| Q1 25 | $280.0M | $24.6M | ||
| Q4 24 | $141.0M | $35.5M | ||
| Q3 24 | $171.0M | $-2.4M | ||
| Q2 24 | $220.0M | $63.1M | ||
| Q1 24 | $91.0M | $51.9M |
自由现金流率CARTMDB
| Q4 25 | 17.2% | 22.6% | ||
| Q3 25 | 29.0% | 12.1% | ||
| Q2 25 | 20.5% | 19.7% | ||
| Q1 25 | 31.2% | 4.5% | ||
| Q4 24 | 16.0% | 6.7% | ||
| Q3 24 | 20.1% | -0.5% | ||
| Q2 24 | 26.7% | 14.0% | ||
| Q1 24 | 11.1% | 11.3% |
资本支出强度CARTMDB
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 2.0% | 4.7% | ||
| Q4 24 | 1.4% | 0.4% | ||
| Q3 24 | 1.6% | 0.2% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 1.7% | 0.6% |
现金转化率CARTMDB
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 3.19× | ||
| 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% |
MDB
| Mongo DB Atlas Related | $470.4M | 75% |
| Other Subscription | $138.7M | 22% |
| Services | $19.2M | 3% |
