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Maplebear Inc.（CART）与PORTLAND GENERAL ELECTRIC CO（POR）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PORTLAND GENERAL ELECTRIC CO的1.1倍（$992.0M vs $889.0M），Maplebear Inc.净利率更高（8.2% vs 4.6%，领先3.6%），Maplebear Inc.同比增速更快（12.3% vs 7.9%），Maplebear Inc.自由现金流更多（$171.0M vs $-142.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -2.2%）
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。
波特兰通用电气（简称PGE）是财富1000强上市能源企业，总部位于美国俄勒冈州波特兰，业务覆盖发电、输电、配电全链路，为俄勒冈州近三分之二的工商业活动提供电力服务，受俄勒冈州公用事业委员会监管，前身为1888年成立的威拉米特瀑布电气公司。
CART vs POR — 直观对比
营收规模更大
CART
是对方的1.1倍
$889.0M
营收增速更快
CART
高出4.5%
7.9%
净利率更高
CART
高出3.6%
4.6%
自由现金流更多
CART
多$313.0M
$-142.0M
两年增速更快
CART
近两年复合增速
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $889.0M |
| 净利润 | $81.0M | $41.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 10.7% |
| 净利率 | 8.2% | 4.6% |
| 营收同比 | 12.3% | 7.9% |
| 净利润同比 | -45.3% | 7.9% |
| 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CARTPOR
| Q4 25 | $992.0M | $889.0M | ||
| Q3 25 | $939.0M | $952.0M | ||
| Q2 25 | $914.0M | $807.0M | ||
| Q1 25 | $897.0M | $928.0M | ||
| Q4 24 | $883.0M | $824.0M | ||
| Q3 24 | $852.0M | $929.0M | ||
| Q2 24 | $823.0M | $758.0M | ||
| Q1 24 | $820.0M | $929.0M |
净利润CARTPOR
| Q4 25 | $81.0M | $41.0M | ||
| Q3 25 | $144.0M | $103.0M | ||
| Q2 25 | $116.0M | $62.0M | ||
| Q1 25 | $106.0M | $100.0M | ||
| Q4 24 | $148.0M | $38.0M | ||
| Q3 24 | $118.0M | $94.0M | ||
| Q2 24 | $61.0M | $72.0M | ||
| Q1 24 | $130.0M | $109.0M |
毛利率CARTPOR
| 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CARTPOR
| Q4 25 | 9.9% | 10.7% | ||
| Q3 25 | 17.7% | 18.3% | ||
| Q2 25 | 13.6% | 14.6% | ||
| Q1 25 | 12.3% | 18.1% | ||
| Q4 24 | 17.6% | 10.7% | ||
| Q3 24 | 16.2% | 15.7% | ||
| Q2 24 | 6.3% | 15.3% | ||
| Q1 24 | 17.6% | 17.4% |
净利率CARTPOR
| Q4 25 | 8.2% | 4.6% | ||
| Q3 25 | 15.3% | 10.8% | ||
| Q2 25 | 12.7% | 7.7% | ||
| Q1 25 | 11.8% | 10.8% | ||
| Q4 24 | 16.8% | 4.6% | ||
| Q3 24 | 13.8% | 10.1% | ||
| Q2 24 | 7.4% | 9.5% | ||
| Q1 24 | 15.9% | 11.7% |
每股收益（稀释后）CARTPOR
| Q4 25 | $0.31 | $0.36 | ||
| Q3 25 | $0.51 | $0.94 | ||
| Q2 25 | $0.41 | $0.56 | ||
| Q1 25 | $0.37 | $0.91 | ||
| Q4 24 | $0.53 | $0.34 | ||
| Q3 24 | $0.42 | $0.90 | ||
| Q2 24 | $0.20 | $0.69 | ||
| Q1 24 | $0.43 | $1.08 |
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 | — | $4.7B |
| 股东权益账面价值 | $2.5B | $4.1B |
| 总资产 | $3.7B | $13.2B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资CARTPOR
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总债务CARTPOR
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.4B |
股东权益CARTPOR
| Q4 25 | $2.5B | $4.1B | ||
| Q3 25 | $3.5B | $4.0B | ||
| Q2 25 | $3.3B | $3.9B | ||
| Q1 25 | $3.2B | $3.8B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $3.0B | $3.5B | ||
| Q1 24 | $3.1B | $3.5B |
总资产CARTPOR
| Q4 25 | $3.7B | $13.2B | ||
| Q3 25 | $4.5B | $13.0B | ||
| Q2 25 | $4.4B | $12.7B | ||
| Q1 25 | $4.3B | $12.7B | ||
| Q4 24 | $4.1B | $12.5B | ||
| Q3 24 | $3.9B | $11.9B | ||
| Q2 24 | $4.0B | $11.6B | ||
| Q1 24 | $4.1B | $11.6B |
负债/权益比CARTPOR
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.20× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.28× |
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 | $148.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $-142.0M |
| 自由现金流率自由现金流/营收 | 17.2% | -16.0% |
| 资本支出强度资本支出/营收 | 1.2% | 32.6% |
| 现金转化率经营现金流/净利润 | 2.26× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $-71.0M |
8季度趋势，按日历期对齐
经营现金流CARTPOR
| Q4 25 | $183.0M | $148.0M | ||
| Q3 25 | $287.0M | $403.0M | ||
| Q2 25 | $203.0M | $336.0M | ||
| Q1 25 | $298.0M | $231.0M | ||
| Q4 24 | $153.0M | $170.0M | ||
| Q3 24 | $185.0M | $244.0M | ||
| Q2 24 | $244.0M | $189.0M | ||
| Q1 24 | $105.0M | $175.0M |
自由现金流CARTPOR
| Q4 25 | $171.0M | $-142.0M | ||
| Q3 25 | $272.0M | $100.0M | ||
| Q2 25 | $187.0M | $99.0M | ||
| Q1 25 | $280.0M | $-128.0M | ||
| Q4 24 | $141.0M | $-222.0M | ||
| Q3 24 | $171.0M | $-9.0M | ||
| Q2 24 | $220.0M | $-109.0M | ||
| Q1 24 | $91.0M | $-150.0M |
自由现金流率CARTPOR
| Q4 25 | 17.2% | -16.0% | ||
| Q3 25 | 29.0% | 10.5% | ||
| Q2 25 | 20.5% | 12.3% | ||
| Q1 25 | 31.2% | -13.8% | ||
| Q4 24 | 16.0% | -26.9% | ||
| Q3 24 | 20.1% | -1.0% | ||
| Q2 24 | 26.7% | -14.4% | ||
| Q1 24 | 11.1% | -16.1% |
资本支出强度CARTPOR
| Q4 25 | 1.2% | 32.6% | ||
| Q3 25 | 1.6% | 31.8% | ||
| Q2 25 | 1.8% | 29.4% | ||
| Q1 25 | 2.0% | 38.7% | ||
| Q4 24 | 1.4% | 47.6% | ||
| Q3 24 | 1.6% | 27.2% | ||
| Q2 24 | 2.9% | 39.3% | ||
| Q1 24 | 1.7% | 35.0% |
现金转化率CARTPOR
| Q4 25 | 2.26× | 3.61× | ||
| Q3 25 | 1.99× | 3.91× | ||
| Q2 25 | 1.75× | 5.42× | ||
| Q1 25 | 2.81× | 2.31× | ||
| Q4 24 | 1.03× | 4.47× | ||
| Q3 24 | 1.57× | 2.60× | ||
| Q2 24 | 4.00× | 2.63× | ||
| Q1 24 | 0.81× | 1.61× |
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% |
POR
| Other | $507.0M | 57% |
| Commercial | $231.0M | 26% |
| Industrial | $140.0M | 16% |
| Direct Accesscustomers | $11.0M | 1% |
