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Maplebear Inc.（CART）与Natera, Inc.（NTRA）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Natera, Inc.的1.5倍（$992.0M vs $665.5M），Maplebear Inc.净利率更高（8.2% vs 7.1%，领先1.1%），Natera, Inc.同比增速更快（39.8% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $37.8M），过去两年Natera, Inc.的营收复合增速更高（34.5% 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。
Natera是总部位于美国得克萨斯州奥斯汀的临床基因检测企业，主打无创游离DNA（cfDNA）检测技术，业务覆盖女性健康、肿瘤及器官健康三大核心赛道。其自研专利技术结合前沿分子生物学手段与生物信息学工具矩阵，可实现单管血液样本中低至单个分子级别的高灵敏度检测。
CART vs NTRA — 直观对比
营收规模更大
CART
是对方的1.5倍
$665.5M
营收增速更快
NTRA
高出27.4%
12.3%
净利率更高
CART
高出1.1%
7.1%
自由现金流更多
CART
多$133.2M
$37.8M
两年增速更快
NTRA
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $665.5M |
| 净利润 | $81.0M | $47.3M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | -3.4% |
| 净利率 | 8.2% | 7.1% |
| 营收同比 | 12.3% | 39.8% |
| 净利润同比 | -45.3% | 187.9% |
| 每股收益（稀释后） | $0.31 | $0.36 |
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CARTNTRA
| Q4 25 | $992.0M | $665.5M | ||
| Q3 25 | $939.0M | $592.2M | ||
| Q2 25 | $914.0M | $546.6M | ||
| Q1 25 | $897.0M | $501.8M | ||
| Q4 24 | $883.0M | $476.1M | ||
| Q3 24 | $852.0M | $439.8M | ||
| Q2 24 | $823.0M | $413.4M | ||
| Q1 24 | $820.0M | $367.7M |
净利润CARTNTRA
| Q4 25 | $81.0M | $47.3M | ||
| Q3 25 | $144.0M | $-87.5M | ||
| Q2 25 | $116.0M | $-100.9M | ||
| Q1 25 | $106.0M | $-66.9M | ||
| Q4 24 | $148.0M | $-53.8M | ||
| Q3 24 | $118.0M | $-31.6M | ||
| Q2 24 | $61.0M | $-37.5M | ||
| Q1 24 | $130.0M | $-67.6M |
毛利率CARTNTRA
| 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CARTNTRA
| Q4 25 | 9.9% | -3.4% | ||
| Q3 25 | 17.7% | -16.5% | ||
| Q2 25 | 13.6% | -20.2% | ||
| Q1 25 | 12.3% | -15.8% | ||
| Q4 24 | 17.6% | -13.6% | ||
| Q3 24 | 16.2% | -8.9% | ||
| Q2 24 | 6.3% | -10.6% | ||
| Q1 24 | 17.6% | -20.2% |
净利率CARTNTRA
| Q4 25 | 8.2% | 7.1% | ||
| Q3 25 | 15.3% | -14.8% | ||
| Q2 25 | 12.7% | -18.5% | ||
| Q1 25 | 11.8% | -13.3% | ||
| Q4 24 | 16.8% | -11.3% | ||
| Q3 24 | 13.8% | -7.2% | ||
| Q2 24 | 7.4% | -9.1% | ||
| Q1 24 | 15.9% | -18.4% |
每股收益（稀释后）CARTNTRA
| Q4 25 | $0.31 | $0.36 | ||
| Q3 25 | $0.51 | $-0.64 | ||
| Q2 25 | $0.41 | $-0.74 | ||
| Q1 25 | $0.37 | $-0.50 | ||
| Q4 24 | $0.53 | $-0.41 | ||
| Q3 24 | $0.42 | $-0.26 | ||
| Q2 24 | $0.20 | $-0.30 | ||
| Q1 24 | $0.43 | $-0.56 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $1.7B |
| 总资产 | $3.7B | $2.4B |
| 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CARTNTRA
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $1.0M | ||
| Q2 25 | $1.6B | $16.0M | ||
| Q1 25 | $1.6B | $17.8M | ||
| Q4 24 | $1.4B | $22.7M | ||
| Q3 24 | $1.3B | $29.5M | ||
| Q2 24 | $1.4B | $90.3M | ||
| Q1 24 | $1.5B | $69.1M |
股东权益CARTNTRA
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $3.5B | $1.3B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.2B | $1.2B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $2.9B | $878.5M | ||
| Q2 24 | $3.0B | $836.5M | ||
| Q1 24 | $3.1B | $794.1M |
总资产CARTNTRA
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $4.5B | $1.8B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $4.1B | $1.5B |
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 | $73.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $37.8M |
| 自由现金流率自由现金流/营收 | 17.2% | 5.7% |
| 资本支出强度资本支出/营收 | 1.2% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.56× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $109.1M |
8季度趋势，按日历期对齐
经营现金流CARTNTRA
| Q4 25 | $183.0M | $73.9M | ||
| Q3 25 | $287.0M | $59.4M | ||
| Q2 25 | $203.0M | $37.6M | ||
| Q1 25 | $298.0M | $44.5M | ||
| Q4 24 | $153.0M | $52.9M | ||
| Q3 24 | $185.0M | $51.8M | ||
| Q2 24 | $244.0M | $4.0M | ||
| Q1 24 | $105.0M | $27.0M |
自由现金流CARTNTRA
| Q4 25 | $171.0M | $37.8M | ||
| Q3 25 | $272.0M | $37.0M | ||
| Q2 25 | $187.0M | $11.7M | ||
| Q1 25 | $280.0M | $22.6M | ||
| Q4 24 | $141.0M | $34.8M | ||
| Q3 24 | $171.0M | $35.5M | ||
| Q2 24 | $220.0M | $-7.7M | ||
| Q1 24 | $91.0M | $6.7M |
自由现金流率CARTNTRA
| Q4 25 | 17.2% | 5.7% | ||
| Q3 25 | 29.0% | 6.2% | ||
| Q2 25 | 20.5% | 2.1% | ||
| Q1 25 | 31.2% | 4.5% | ||
| Q4 24 | 16.0% | 7.3% | ||
| Q3 24 | 20.1% | 8.1% | ||
| Q2 24 | 26.7% | -1.9% | ||
| Q1 24 | 11.1% | 1.8% |
资本支出强度CARTNTRA
| Q4 25 | 1.2% | 5.4% | ||
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 1.8% | 4.7% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 1.4% | 3.8% | ||
| Q3 24 | 1.6% | 3.7% | ||
| Q2 24 | 2.9% | 2.8% | ||
| Q1 24 | 1.7% | 5.5% |
现金转化率CARTNTRA
| Q4 25 | 2.26× | 1.56× | ||
| 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% |
NTRA
暂无分部数据
