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Maplebear Inc.（CART）与OCEANEERING INTERNATIONAL INC（OII）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OCEANEERING INTERNATIONAL INC的1.4倍（$992.0M vs $692.4M），Maplebear Inc.净利率更高（8.2% vs 5.2%，领先3.0%），Maplebear Inc.同比增速更快（12.3% vs 2.7%），Maplebear Inc.自由现金流更多（$171.0M vs $-76.5M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 1.8%）
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。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
CART vs OII — 直观对比
营收规模更大
CART
是对方的1.4倍
$692.4M
营收增速更快
CART
高出9.7%
2.7%
净利率更高
CART
高出3.0%
5.2%
自由现金流更多
CART
多$247.5M
$-76.5M
两年增速更快
CART
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $692.4M |
| 净利润 | $81.0M | $36.1M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | 5.2% |
| 营收同比 | 12.3% | 2.7% |
| 净利润同比 | -45.3% | -79.7% |
| 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CARTOII
| Q1 26 | — | $692.4M | ||
| Q4 25 | $992.0M | $668.6M | ||
| Q3 25 | $939.0M | $742.9M | ||
| Q2 25 | $914.0M | $698.2M | ||
| Q1 25 | $897.0M | $674.5M | ||
| Q4 24 | $883.0M | $713.5M | ||
| Q3 24 | $852.0M | $679.8M | ||
| Q2 24 | $823.0M | $668.8M |
净利润CARTOII
| Q1 26 | — | $36.1M | ||
| Q4 25 | $81.0M | $177.7M | ||
| Q3 25 | $144.0M | $71.3M | ||
| Q2 25 | $116.0M | $54.4M | ||
| Q1 25 | $106.0M | $50.4M | ||
| Q4 24 | $148.0M | $56.1M | ||
| Q3 24 | $118.0M | $41.2M | ||
| Q2 24 | $61.0M | $35.0M |
毛利率CARTOII
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | 19.8% | ||
| Q3 25 | 73.7% | 20.6% | ||
| Q2 25 | 74.2% | 21.3% | ||
| Q1 25 | 74.8% | 20.0% | ||
| Q4 24 | 75.2% | 19.9% | ||
| Q3 24 | 75.2% | 19.3% | ||
| Q2 24 | 75.7% | 18.0% |
营业利润率CARTOII
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 9.8% | ||
| Q3 25 | 17.7% | 11.6% | ||
| Q2 25 | 13.6% | 11.3% | ||
| Q1 25 | 12.3% | 10.9% | ||
| Q4 24 | 17.6% | 10.9% | ||
| Q3 24 | 16.2% | 10.5% | ||
| Q2 24 | 6.3% | 9.0% |
净利率CARTOII
| Q1 26 | — | 5.2% | ||
| Q4 25 | 8.2% | 26.6% | ||
| Q3 25 | 15.3% | 9.6% | ||
| Q2 25 | 12.7% | 7.8% | ||
| Q1 25 | 11.8% | 7.5% | ||
| Q4 24 | 16.8% | 7.9% | ||
| Q3 24 | 13.8% | 6.1% | ||
| Q2 24 | 7.4% | 5.2% |
每股收益（稀释后）CARTOII
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.31 | $1.75 | ||
| Q3 25 | $0.51 | $0.71 | ||
| Q2 25 | $0.41 | $0.54 | ||
| Q1 25 | $0.37 | $0.49 | ||
| Q4 24 | $0.53 | $0.55 | ||
| Q3 24 | $0.42 | $0.40 | ||
| Q2 24 | $0.20 | $0.34 |
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 | — | $488.8M |
| 股东权益账面价值 | $2.5B | $1.1B |
| 总资产 | $3.7B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CARTOII
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | $695.9M | ||
| Q3 25 | $1.7B | $7.0M | ||
| Q2 25 | $1.6B | $7.0M | ||
| Q1 25 | $1.6B | $7.0M | ||
| Q4 24 | $1.4B | $504.5M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — |
总债务CARTOII
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CARTOII
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $3.5B | $907.7M | ||
| Q2 25 | $3.3B | $842.1M | ||
| Q1 25 | $3.2B | $773.1M | ||
| Q4 24 | $3.1B | $714.3M | ||
| Q3 24 | $2.9B | $698.0M | ||
| Q2 24 | $3.0B | $651.0M |
总资产CARTOII
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $3.9B | $2.4B | ||
| Q2 24 | $4.0B | $2.3B |
负债/权益比CARTOII
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-76.5M |
| 自由现金流率自由现金流/营收 | 17.2% | -11.1% |
| 资本支出强度资本支出/营收 | 1.2% | 2.5% |
| 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 | $238.1M |
8季度趋势，按日历期对齐
经营现金流CARTOII
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $221.1M | ||
| Q3 25 | $287.0M | $101.3M | ||
| Q2 25 | $203.0M | $77.2M | ||
| Q1 25 | $298.0M | $-80.7M | ||
| Q4 24 | $153.0M | $128.4M | ||
| Q3 24 | $185.0M | $91.9M | ||
| Q2 24 | $244.0M | $52.6M |
自由现金流CARTOII
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $171.0M | $190.7M | ||
| Q3 25 | $272.0M | $77.0M | ||
| Q2 25 | $187.0M | $46.9M | ||
| Q1 25 | $280.0M | $-106.8M | ||
| Q4 24 | $141.0M | $94.5M | ||
| Q3 24 | $171.0M | $67.0M | ||
| Q2 24 | $220.0M | $29.8M |
自由现金流率CARTOII
| Q1 26 | — | -11.1% | ||
| Q4 25 | 17.2% | 28.5% | ||
| Q3 25 | 29.0% | 10.4% | ||
| Q2 25 | 20.5% | 6.7% | ||
| Q1 25 | 31.2% | -15.8% | ||
| Q4 24 | 16.0% | 13.2% | ||
| Q3 24 | 20.1% | 9.9% | ||
| Q2 24 | 26.7% | 4.5% |
资本支出强度CARTOII
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.6% | 3.3% | ||
| Q2 25 | 1.8% | 4.3% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | 1.4% | 4.7% | ||
| Q3 24 | 1.6% | 3.7% | ||
| Q2 24 | 2.9% | 3.4% |
现金转化率CARTOII
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.24× | ||
| Q3 25 | 1.99× | 1.42× | ||
| Q2 25 | 1.75× | 1.42× | ||
| Q1 25 | 2.81× | -1.60× | ||
| Q4 24 | 1.03× | 2.29× | ||
| Q3 24 | 1.57× | 2.23× | ||
| Q2 24 | 4.00× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
