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Maplebear Inc.（CART）与NORTHERN OIL & GAS, INC.（NOG）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NORTHERN OIL & GAS, INC.的1.6倍（$992.0M vs $610.2M），Maplebear Inc.净利率更高（8.2% vs -11.6%，领先19.8%），Maplebear Inc.同比增速更快（12.3% vs -72.6%），Maplebear Inc.自由现金流更多（$171.0M vs $43.2M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 4.3%）
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。
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
CART vs NOG — 直观对比
营收规模更大
CART
是对方的1.6倍
$610.2M
营收增速更快
CART
高出84.9%
-72.6%
净利率更高
CART
高出19.8%
-11.6%
自由现金流更多
CART
多$127.8M
$43.2M
两年增速更快
CART
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $610.2M |
| 净利润 | $81.0M | $-70.7M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | -11.6% |
| 营收同比 | 12.3% | -72.6% |
| 净利润同比 | -45.3% | -198.7% |
| 每股收益（稀释后） | $0.31 | $-0.73 |
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CARTNOG
| Q1 26 | — | $610.2M | ||
| Q4 25 | $992.0M | $610.2M | ||
| Q3 25 | $939.0M | $556.6M | ||
| Q2 25 | $914.0M | $706.8M | ||
| Q1 25 | $897.0M | $602.1M | ||
| Q4 24 | $883.0M | $515.0M | ||
| Q3 24 | $852.0M | $753.6M | ||
| Q2 24 | $823.0M | $560.8M |
净利润CARTNOG
| Q1 26 | — | $-70.7M | ||
| Q4 25 | $81.0M | $-70.7M | ||
| Q3 25 | $144.0M | $-129.1M | ||
| Q2 25 | $116.0M | $99.6M | ||
| Q1 25 | $106.0M | $139.0M | ||
| Q4 24 | $148.0M | $71.7M | ||
| Q3 24 | $118.0M | $298.4M | ||
| Q2 24 | $61.0M | $138.6M |
毛利率CARTNOG
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | 80.4% | ||
| Q3 25 | 73.7% | 78.7% | ||
| Q2 25 | 74.2% | 82.8% | ||
| Q1 25 | 74.8% | 81.1% | ||
| Q4 24 | 75.2% | 77.4% | ||
| Q3 24 | 75.2% | 85.8% | ||
| Q2 24 | 75.7% | 82.0% |
营业利润率CARTNOG
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | -5.5% | ||
| Q3 25 | 17.7% | -22.6% | ||
| Q2 25 | 13.6% | 24.9% | ||
| Q1 25 | 12.3% | 38.1% | ||
| Q4 24 | 17.6% | 25.8% | ||
| Q3 24 | 16.2% | 57.6% | ||
| Q2 24 | 6.3% | 39.0% |
净利率CARTNOG
| Q1 26 | — | -11.6% | ||
| Q4 25 | 8.2% | -11.6% | ||
| Q3 25 | 15.3% | -23.2% | ||
| Q2 25 | 12.7% | 14.1% | ||
| Q1 25 | 11.8% | 23.1% | ||
| Q4 24 | 16.8% | 13.9% | ||
| Q3 24 | 13.8% | 39.6% | ||
| Q2 24 | 7.4% | 24.7% |
每股收益（稀释后）CARTNOG
| Q1 26 | — | $-0.73 | ||
| Q4 25 | $0.31 | $-0.67 | ||
| Q3 25 | $0.51 | $-1.33 | ||
| Q2 25 | $0.41 | $1.00 | ||
| Q1 25 | $0.37 | $1.39 | ||
| Q4 24 | $0.53 | $0.71 | ||
| Q3 24 | $0.42 | $2.96 | ||
| Q2 24 | $0.20 | $1.36 |
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 | $14.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.1B |
| 总资产 | $3.7B | $5.4B |
| 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CARTNOG
| Q1 26 | — | $14.3M | ||
| Q4 25 | $687.0M | $14.3M | ||
| Q3 25 | $1.7B | $31.6M | ||
| Q2 25 | $1.6B | $25.9M | ||
| Q1 25 | $1.6B | $33.6M | ||
| Q4 24 | $1.4B | $8.9M | ||
| Q3 24 | $1.3B | $34.4M | ||
| Q2 24 | $1.4B | $7.8M |
总债务CARTNOG
| Q1 26 | — | — | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $1.9B |
股东权益CARTNOG
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $3.5B | $2.2B | ||
| Q2 25 | $3.3B | $2.4B | ||
| Q1 25 | $3.2B | $2.4B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $3.0B | $2.1B |
总资产CARTNOG
| Q1 26 | — | $5.4B | ||
| Q4 25 | $3.7B | $5.4B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $4.4B | $5.7B | ||
| Q1 25 | $4.3B | $5.7B | ||
| Q4 24 | $4.1B | $5.6B | ||
| Q3 24 | $3.9B | $5.1B | ||
| Q2 24 | $4.0B | $4.7B |
负债/权益比CARTNOG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.91× |
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 | $312.6M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $43.2M |
| 自由现金流率自由现金流/营收 | 17.2% | 7.1% |
| 资本支出强度资本支出/营收 | 1.2% | 31.5% |
| 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CARTNOG
| Q1 26 | — | $312.6M | ||
| Q4 25 | $183.0M | $312.6M | ||
| Q3 25 | $287.0M | $423.1M | ||
| Q2 25 | $203.0M | $362.1M | ||
| Q1 25 | $298.0M | $407.4M | ||
| Q4 24 | $153.0M | $290.3M | ||
| Q3 24 | $185.0M | $385.8M | ||
| Q2 24 | $244.0M | $340.5M |
自由现金流CARTNOG
| Q1 26 | — | $43.2M | ||
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | — |
自由现金流率CARTNOG
| Q1 26 | — | 7.1% | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | — |
资本支出强度CARTNOG
| Q1 26 | — | 31.5% | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | — |
现金转化率CARTNOG
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | 3.64× | ||
| Q1 25 | 2.81× | 2.93× | ||
| Q4 24 | 1.03× | 4.05× | ||
| Q3 24 | 1.57× | 1.29× | ||
| Q2 24 | 4.00× | 2.46× |
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% |
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
