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Maplebear Inc.（CART）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.9倍（$992.0M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 8.2%，领先10.7%），Maplebear Inc.同比增速更快（12.3% vs 4.1%），Maplebear Inc.自由现金流更多（$171.0M vs $93.3M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
CART vs OUT — 直观对比
营收规模更大
CART
是对方的1.9倍
$513.3M
营收增速更快
CART
高出8.3%
4.1%
净利率更高
OUT
高出10.7%
8.2%
自由现金流更多
CART
多$77.7M
$93.3M
两年增速更快
OUT
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $513.3M |
| 净利润 | $81.0M | $96.8M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 26.0% |
| 净利率 | 8.2% | 18.9% |
| 营收同比 | 12.3% | 4.1% |
| 净利润同比 | -45.3% | 30.8% |
| 每股收益（稀释后） | $0.31 | $0.57 |
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CARTOUT
| Q4 25 | $992.0M | $513.3M | ||
| Q3 25 | $939.0M | $467.5M | ||
| Q2 25 | $914.0M | $460.2M | ||
| Q1 25 | $897.0M | $390.7M | ||
| Q4 24 | $883.0M | $493.2M | ||
| Q3 24 | $852.0M | $451.9M | ||
| Q2 24 | $823.0M | $477.3M | ||
| Q1 24 | $820.0M | $408.5M |
净利润CARTOUT
| Q4 25 | $81.0M | $96.8M | ||
| Q3 25 | $144.0M | $51.3M | ||
| Q2 25 | $116.0M | $19.5M | ||
| Q1 25 | $106.0M | $-20.6M | ||
| Q4 24 | $148.0M | $74.0M | ||
| Q3 24 | $118.0M | $34.6M | ||
| Q2 24 | $61.0M | $176.8M | ||
| Q1 24 | $130.0M | $-27.2M |
毛利率CARTOUT
| 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CARTOUT
| Q4 25 | 9.9% | 26.0% | ||
| Q3 25 | 17.7% | 19.2% | ||
| Q2 25 | 13.6% | 12.2% | ||
| Q1 25 | 12.3% | 3.6% | ||
| Q4 24 | 17.6% | 22.5% | ||
| Q3 24 | 16.2% | 15.8% | ||
| Q2 24 | 6.3% | 48.0% | ||
| Q1 24 | 17.6% | 3.4% |
净利率CARTOUT
| Q4 25 | 8.2% | 18.9% | ||
| Q3 25 | 15.3% | 11.0% | ||
| Q2 25 | 12.7% | 4.2% | ||
| Q1 25 | 11.8% | -5.3% | ||
| Q4 24 | 16.8% | 15.0% | ||
| Q3 24 | 13.8% | 7.7% | ||
| Q2 24 | 7.4% | 37.0% | ||
| Q1 24 | 15.9% | -6.7% |
每股收益（稀释后）CARTOUT
| Q4 25 | $0.31 | $0.57 | ||
| Q3 25 | $0.51 | $0.29 | ||
| Q2 25 | $0.41 | $0.10 | ||
| Q1 25 | $0.37 | $-0.14 | ||
| Q4 24 | $0.53 | $0.49 | ||
| Q3 24 | $0.42 | $0.19 | ||
| Q2 24 | $0.20 | $1.01 | ||
| Q1 24 | $0.43 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $710.4M |
| 总资产 | $3.7B | $5.3B |
| 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CARTOUT
| Q4 25 | $687.0M | $99.9M | ||
| Q3 25 | $1.7B | $63.0M | ||
| Q2 25 | $1.6B | $28.5M | ||
| Q1 25 | $1.6B | $30.5M | ||
| Q4 24 | $1.4B | $46.9M | ||
| Q3 24 | $1.3B | $28.0M | ||
| Q2 24 | $1.4B | $49.6M | ||
| Q1 24 | $1.5B | $42.4M |
股东权益CARTOUT
| Q4 25 | $2.5B | $710.4M | ||
| Q3 25 | $3.5B | $542.6M | ||
| Q2 25 | $3.3B | $539.1M | ||
| Q1 25 | $3.2B | $566.9M | ||
| Q4 24 | $3.1B | $649.0M | ||
| Q3 24 | $2.9B | $618.2M | ||
| Q2 24 | $3.0B | $664.9M | ||
| Q1 24 | $3.1B | $524.2M |
总资产CARTOUT
| Q4 25 | $3.7B | $5.3B | ||
| Q3 25 | $4.5B | $5.2B | ||
| Q2 25 | $4.4B | $5.1B | ||
| Q1 25 | $4.3B | $5.1B | ||
| Q4 24 | $4.1B | $5.2B | ||
| Q3 24 | $3.9B | $5.2B | ||
| Q2 24 | $4.0B | $5.3B | ||
| Q1 24 | $4.1B | $5.5B |
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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $93.3M |
| 自由现金流率自由现金流/营收 | 17.2% | 18.2% |
| 资本支出强度资本支出/营收 | 1.2% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $218.8M |
8季度趋势，按日历期对齐
经营现金流CARTOUT
| Q4 25 | $183.0M | $118.1M | ||
| Q3 25 | $287.0M | $88.8M | ||
| Q2 25 | $203.0M | $67.1M | ||
| Q1 25 | $298.0M | $33.6M | ||
| Q4 24 | $153.0M | $124.5M | ||
| Q3 24 | $185.0M | $73.1M | ||
| Q2 24 | $244.0M | $71.0M | ||
| Q1 24 | $105.0M | $30.6M |
自由现金流CARTOUT
| Q4 25 | $171.0M | $93.3M | ||
| Q3 25 | $272.0M | $67.7M | ||
| Q2 25 | $187.0M | $41.4M | ||
| Q1 25 | $280.0M | $16.4M | ||
| Q4 24 | $141.0M | $106.3M | ||
| Q3 24 | $171.0M | $55.5M | ||
| Q2 24 | $220.0M | $47.1M | ||
| Q1 24 | $91.0M | $12.2M |
自由现金流率CARTOUT
| Q4 25 | 17.2% | 18.2% | ||
| Q3 25 | 29.0% | 14.5% | ||
| Q2 25 | 20.5% | 9.0% | ||
| Q1 25 | 31.2% | 4.2% | ||
| Q4 24 | 16.0% | 21.6% | ||
| Q3 24 | 20.1% | 12.3% | ||
| Q2 24 | 26.7% | 9.9% | ||
| Q1 24 | 11.1% | 3.0% |
资本支出强度CARTOUT
| Q4 25 | 1.2% | 4.8% | ||
| Q3 25 | 1.6% | 4.5% | ||
| Q2 25 | 1.8% | 5.6% | ||
| Q1 25 | 2.0% | 4.4% | ||
| Q4 24 | 1.4% | 3.7% | ||
| Q3 24 | 1.6% | 3.9% | ||
| Q2 24 | 2.9% | 5.0% | ||
| Q1 24 | 1.7% | 4.5% |
现金转化率CARTOUT
| Q4 25 | 2.26× | 1.22× | ||
| Q3 25 | 1.99× | 1.73× | ||
| Q2 25 | 1.75× | 3.44× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 1.68× | ||
| Q3 24 | 1.57× | 2.11× | ||
| Q2 24 | 4.00× | 0.40× | ||
| 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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
