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Maplebear Inc.（CART）与PINTEREST, INC.（PINS）财务数据对比。点击上方公司名可切换其他公司
PINTEREST, INC.的季度营收约是Maplebear Inc.的1.3倍（$1.3B vs $992.0M），PINTEREST, INC.净利率更高（21.0% vs 8.2%，领先12.8%），PINTEREST, INC.同比增速更快（14.3% vs 12.3%），PINTEREST, INC.自由现金流更多（$380.4M vs $171.0M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% 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。
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
CART vs PINS — 直观对比
营收规模更大
PINS
是对方的1.3倍
$992.0M
营收增速更快
PINS
高出2.0%
12.3%
净利率更高
PINS
高出12.8%
8.2%
自由现金流更多
PINS
多$209.4M
$171.0M
两年增速更快
PINS
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.3B |
| 净利润 | $81.0M | $277.1M |
| 毛利率 | 72.3% | 82.8% |
| 营业利润率 | 9.9% | 22.8% |
| 净利率 | 8.2% | 21.0% |
| 营收同比 | 12.3% | 14.3% |
| 净利润同比 | -45.3% | -85.0% |
| 每股收益（稀释后） | $0.31 | $0.41 |
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CARTPINS
| Q4 25 | $992.0M | $1.3B | ||
| Q3 25 | $939.0M | $1.0B | ||
| Q2 25 | $914.0M | $998.2M | ||
| Q1 25 | $897.0M | $855.0M | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $898.4M | ||
| Q2 24 | $823.0M | $853.7M | ||
| Q1 24 | $820.0M | $740.0M |
净利润CARTPINS
| Q4 25 | $81.0M | $277.1M | ||
| Q3 25 | $144.0M | $92.1M | ||
| Q2 25 | $116.0M | $38.8M | ||
| Q1 25 | $106.0M | $8.9M | ||
| Q4 24 | $148.0M | $1.8B | ||
| Q3 24 | $118.0M | $30.6M | ||
| Q2 24 | $61.0M | $8.9M | ||
| Q1 24 | $130.0M | $-24.8M |
毛利率CARTPINS
| Q4 25 | 72.3% | 82.8% | ||
| Q3 25 | 73.7% | 79.8% | ||
| Q2 25 | 74.2% | 79.7% | ||
| Q1 25 | 74.8% | 76.7% | ||
| Q4 24 | 75.2% | 82.9% | ||
| Q3 24 | 75.2% | 79.1% | ||
| Q2 24 | 75.7% | 78.3% | ||
| Q1 24 | 74.9% | 75.5% |
营业利润率CARTPINS
| Q4 25 | 9.9% | 22.8% | ||
| Q3 25 | 17.7% | 5.6% | ||
| Q2 25 | 13.6% | -0.4% | ||
| Q1 25 | 12.3% | -4.1% | ||
| Q4 24 | 17.6% | 22.7% | ||
| Q3 24 | 16.2% | -0.7% | ||
| Q2 24 | 6.3% | -2.5% | ||
| Q1 24 | 17.6% | -7.4% |
净利率CARTPINS
| Q4 25 | 8.2% | 21.0% | ||
| Q3 25 | 15.3% | 8.8% | ||
| Q2 25 | 12.7% | 3.9% | ||
| Q1 25 | 11.8% | 1.0% | ||
| Q4 24 | 16.8% | 160.1% | ||
| Q3 24 | 13.8% | 3.4% | ||
| Q2 24 | 7.4% | 1.0% | ||
| Q1 24 | 15.9% | -3.4% |
每股收益（稀释后）CARTPINS
| Q4 25 | $0.31 | $0.41 | ||
| Q3 25 | $0.51 | $0.13 | ||
| Q2 25 | $0.41 | $0.06 | ||
| Q1 25 | $0.37 | $0.01 | ||
| Q4 24 | $0.53 | $2.66 | ||
| Q3 24 | $0.42 | $0.04 | ||
| Q2 24 | $0.20 | $0.01 | ||
| Q1 24 | $0.43 | $-0.04 |
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 | $969.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $4.7B |
| 总资产 | $3.7B | $5.5B |
| 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CARTPINS
| Q4 25 | $687.0M | $969.3M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.5B | $1.6B |
股东权益CARTPINS
| Q4 25 | $2.5B | $4.7B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.3B | $4.8B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.1B | $4.8B | ||
| Q3 24 | $2.9B | $2.9B | ||
| Q2 24 | $3.0B | $3.2B | ||
| Q1 24 | $3.1B | $3.1B |
总资产CARTPINS
| Q4 25 | $3.7B | $5.5B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $4.4B | $5.4B | ||
| Q1 25 | $4.3B | $5.3B | ||
| Q4 24 | $4.1B | $5.3B | ||
| Q3 24 | $3.9B | $3.5B | ||
| Q2 24 | $4.0B | $3.7B | ||
| Q1 24 | $4.1B | $3.7B |
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 | $391.2M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $380.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 28.8% |
| 资本支出强度资本支出/营收 | 1.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $1.3B |
8季度趋势，按日历期对齐
经营现金流CARTPINS
| Q4 25 | $183.0M | $391.2M | ||
| Q3 25 | $287.0M | $321.7M | ||
| Q2 25 | $203.0M | $207.7M | ||
| Q1 25 | $298.0M | $363.7M | ||
| Q4 24 | $153.0M | $254.0M | ||
| Q3 24 | $185.0M | $248.0M | ||
| Q2 24 | $244.0M | $106.4M | ||
| Q1 24 | $105.0M | $356.1M |
自由现金流CARTPINS
| Q4 25 | $171.0M | $380.4M | ||
| Q3 25 | $272.0M | $318.4M | ||
| Q2 25 | $187.0M | $196.7M | ||
| Q1 25 | $280.0M | $356.4M | ||
| Q4 24 | $141.0M | $250.2M | ||
| Q3 24 | $171.0M | $244.1M | ||
| Q2 24 | $220.0M | $101.6M | ||
| Q1 24 | $91.0M | $344.0M |
自由现金流率CARTPINS
| Q4 25 | 17.2% | 28.8% | ||
| Q3 25 | 29.0% | 30.3% | ||
| Q2 25 | 20.5% | 19.7% | ||
| Q1 25 | 31.2% | 41.7% | ||
| Q4 24 | 16.0% | 21.7% | ||
| Q3 24 | 20.1% | 27.2% | ||
| Q2 24 | 26.7% | 11.9% | ||
| Q1 24 | 11.1% | 46.5% |
资本支出强度CARTPINS
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 1.7% | 1.6% |
现金转化率CARTPINS
| Q4 25 | 2.26× | 1.41× | ||
| Q3 25 | 1.99× | 3.49× | ||
| Q2 25 | 1.75× | 5.36× | ||
| Q1 25 | 2.81× | 40.77× | ||
| Q4 24 | 1.03× | 0.14× | ||
| Q3 24 | 1.57× | 8.12× | ||
| Q2 24 | 4.00× | 11.98× | ||
| 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% |
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
