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Maplebear Inc.（CART）与MSC INDUSTRIAL DIRECT CO INC（MSM）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MSC INDUSTRIAL DIRECT CO INC的1.0倍（$992.0M vs $965.7M），Maplebear Inc.净利率更高（8.2% vs 5.4%，领先2.8%），Maplebear Inc.同比增速更快（12.3% vs 4.0%），Maplebear Inc.自由现金流更多（$171.0M vs $7.4M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -3.4%）
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。
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
CART vs MSM — 直观对比
营收规模更大
CART
是对方的1.0倍
$965.7M
营收增速更快
CART
高出8.3%
4.0%
净利率更高
CART
高出2.8%
5.4%
自由现金流更多
CART
多$163.6M
$7.4M
两年增速更快
CART
近两年复合增速
-3.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $965.7M |
| 净利润 | $81.0M | $51.8M |
| 毛利率 | 72.3% | 40.7% |
| 营业利润率 | 9.9% | 7.9% |
| 净利率 | 8.2% | 5.4% |
| 营收同比 | 12.3% | 4.0% |
| 净利润同比 | -45.3% | 11.1% |
| 每股收益（稀释后） | $0.31 | $0.93 |
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CARTMSM
| Q4 25 | $992.0M | $965.7M | ||
| Q3 25 | $939.0M | $978.2M | ||
| Q2 25 | $914.0M | $971.1M | ||
| Q1 25 | $897.0M | — | ||
| Q4 24 | $883.0M | $928.5M | ||
| Q3 24 | $852.0M | — | ||
| Q2 24 | $823.0M | $979.4M | ||
| Q1 24 | $820.0M | $935.3M |
净利润CARTMSM
| Q4 25 | $81.0M | $51.8M | ||
| Q3 25 | $144.0M | $56.5M | ||
| Q2 25 | $116.0M | $56.8M | ||
| Q1 25 | $106.0M | — | ||
| Q4 24 | $148.0M | $46.6M | ||
| Q3 24 | $118.0M | — | ||
| Q2 24 | $61.0M | $71.7M | ||
| Q1 24 | $130.0M | $61.8M |
毛利率CARTMSM
| Q4 25 | 72.3% | 40.7% | ||
| Q3 25 | 73.7% | 40.4% | ||
| Q2 25 | 74.2% | 41.0% | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | 40.7% | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | 40.9% | ||
| Q1 24 | 74.9% | 41.5% |
营业利润率CARTMSM
| Q4 25 | 9.9% | 7.9% | ||
| Q3 25 | 17.7% | 8.6% | ||
| Q2 25 | 13.6% | 8.5% | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | 7.8% | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 6.3% | 10.9% | ||
| Q1 24 | 17.6% | 9.7% |
净利率CARTMSM
| Q4 25 | 8.2% | 5.4% | ||
| Q3 25 | 15.3% | 5.8% | ||
| Q2 25 | 12.7% | 5.9% | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 16.8% | 5.0% | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 7.4% | 7.3% | ||
| Q1 24 | 15.9% | 6.6% |
每股收益（稀释后）CARTMSM
| Q4 25 | $0.31 | $0.93 | ||
| Q3 25 | $0.51 | $1.02 | ||
| Q2 25 | $0.41 | $1.02 | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.53 | $0.83 | ||
| Q3 24 | $0.42 | — | ||
| Q2 24 | $0.20 | $1.27 | ||
| Q1 24 | $0.43 | $1.10 |
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 | $40.3M |
| 总债务越低越好 | — | $214.1M |
| 股东权益账面价值 | $2.5B | $1.4B |
| 总资产 | $3.7B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资CARTMSM
| Q4 25 | $687.0M | $40.3M | ||
| Q3 25 | $1.7B | $56.2M | ||
| Q2 25 | $1.6B | $71.7M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | $57.3M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | $25.9M | ||
| Q1 24 | $1.5B | $22.2M |
总债务CARTMSM
| Q4 25 | — | $214.1M | ||
| Q3 25 | — | $168.8M | ||
| Q2 25 | — | $285.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $289.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $299.8M | ||
| Q1 24 | — | $294.5M |
股东权益CARTMSM
| Q4 25 | $2.5B | $1.4B | ||
| Q3 25 | $3.5B | $1.4B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $3.1B | $1.4B |
总资产CARTMSM
| Q4 25 | $3.7B | $2.5B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.1B | $2.5B | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $4.0B | $2.5B | ||
| Q1 24 | $4.1B | $2.5B |
负债/权益比CARTMSM
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | 0.21× |
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 | $29.4M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $7.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 0.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.3% |
| 现金转化率经营现金流/净利润 | 2.26× | 0.57× |
| 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CARTMSM
| Q4 25 | $183.0M | $29.4M | ||
| Q3 25 | $287.0M | — | ||
| Q2 25 | $203.0M | $151.6M | ||
| Q1 25 | $298.0M | — | ||
| Q4 24 | $153.0M | $101.9M | ||
| Q3 24 | $185.0M | — | ||
| Q2 24 | $244.0M | $143.5M | ||
| Q1 24 | $105.0M | $78.7M |
自由现金流CARTMSM
| Q4 25 | $171.0M | $7.4M | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | $100.7M | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | $81.7M | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | $114.0M | ||
| Q1 24 | $91.0M | $53.4M |
自由现金流率CARTMSM
| Q4 25 | 17.2% | 0.8% | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | 10.4% | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | 8.8% | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | 11.6% | ||
| Q1 24 | 11.1% | 5.7% |
资本支出强度CARTMSM
| Q4 25 | 1.2% | 2.3% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | 5.2% | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | 3.0% | ||
| Q1 24 | 1.7% | 2.7% |
现金转化率CARTMSM
| Q4 25 | 2.26× | 0.57× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | 2.67× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 2.18× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 2.00× | ||
| Q1 24 | 0.81× | 1.27× |
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% |
MSM
暂无分部数据
