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Maplebear Inc.（CART）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是Maplebear Inc.的1.2倍（$1.2B vs $992.0M），先锋自然资源公司净利率更高（29.0% vs 8.2%，领先20.9%），Maplebear Inc.同比增速更快（12.3% vs -9.8%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
CART vs PR — 直观对比
营收规模更大
PR
是对方的1.2倍
$992.0M
营收增速更快
CART
高出22.1%
-9.8%
净利率更高
PR
高出20.9%
8.2%
两年增速更快
CART
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.2B |
| 净利润 | $81.0M | $339.5M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 23.1% |
| 净利率 | 8.2% | 29.0% |
| 营收同比 | 12.3% | -9.8% |
| 净利润同比 | -45.3% | 56.7% |
| 每股收益（稀释后） | $0.31 | $0.48 |
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CARTPR
| Q4 25 | $992.0M | $1.2B | ||
| Q3 25 | $939.0M | $1.3B | ||
| Q2 25 | $914.0M | $1.2B | ||
| Q1 25 | $897.0M | $1.4B | ||
| Q4 24 | $883.0M | $1.3B | ||
| Q3 24 | $852.0M | $1.2B | ||
| Q2 24 | $823.0M | $1.2B | ||
| Q1 24 | $820.0M | $1.2B |
净利润CARTPR
| Q4 25 | $81.0M | $339.5M | ||
| Q3 25 | $144.0M | $59.2M | ||
| Q2 25 | $116.0M | $207.1M | ||
| Q1 25 | $106.0M | $329.3M | ||
| Q4 24 | $148.0M | $216.7M | ||
| Q3 24 | $118.0M | $386.4M | ||
| Q2 24 | $61.0M | $235.1M | ||
| Q1 24 | $130.0M | $146.6M |
毛利率CARTPR
| 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CARTPR
| Q4 25 | 9.9% | 23.1% | ||
| Q3 25 | 17.7% | 29.6% | ||
| Q2 25 | 13.6% | 24.8% | ||
| Q1 25 | 12.3% | 36.6% | ||
| Q4 24 | 17.6% | 32.8% | ||
| Q3 24 | 16.2% | 32.5% | ||
| Q2 24 | 6.3% | 36.5% | ||
| Q1 24 | 17.6% | 37.7% |
净利率CARTPR
| Q4 25 | 8.2% | 29.0% | ||
| Q3 25 | 15.3% | 4.5% | ||
| Q2 25 | 12.7% | 17.3% | ||
| Q1 25 | 11.8% | 23.9% | ||
| Q4 24 | 16.8% | 16.7% | ||
| Q3 24 | 13.8% | 31.8% | ||
| Q2 24 | 7.4% | 18.9% | ||
| Q1 24 | 15.9% | 11.8% |
每股收益（稀释后）CARTPR
| Q4 25 | $0.31 | $0.48 | ||
| Q3 25 | $0.51 | $0.08 | ||
| Q2 25 | $0.41 | $0.28 | ||
| Q1 25 | $0.37 | $0.44 | ||
| Q4 24 | $0.53 | $0.31 | ||
| Q3 24 | $0.42 | $0.53 | ||
| Q2 24 | $0.20 | $0.36 | ||
| Q1 24 | $0.43 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.5B | $10.3B |
| 总资产 | $3.7B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资CARTPR
| Q4 25 | $687.0M | $153.7M | ||
| Q3 25 | $1.7B | $111.8M | ||
| Q2 25 | $1.6B | $451.0M | ||
| Q1 25 | $1.6B | $702.2M | ||
| Q4 24 | $1.4B | $479.3M | ||
| Q3 24 | $1.3B | $272.0M | ||
| Q2 24 | $1.4B | $47.8M | ||
| Q1 24 | $1.5B | $12.7M |
总债务CARTPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益CARTPR
| Q4 25 | $2.5B | $10.3B | ||
| Q3 25 | $3.5B | $10.0B | ||
| Q2 25 | $3.3B | $9.5B | ||
| Q1 25 | $3.2B | $9.4B | ||
| Q4 24 | $3.1B | $9.1B | ||
| Q3 24 | $2.9B | $9.0B | ||
| Q2 24 | $3.0B | $8.3B | ||
| Q1 24 | $3.1B | $7.0B |
总资产CARTPR
| Q4 25 | $3.7B | $17.9B | ||
| Q3 25 | $4.5B | $17.3B | ||
| Q2 25 | $4.4B | $17.5B | ||
| Q1 25 | $4.3B | $17.1B | ||
| Q4 24 | $4.1B | $16.9B | ||
| Q3 24 | $3.9B | $16.6B | ||
| Q2 24 | $4.0B | $15.4B | ||
| Q1 24 | $4.1B | $15.1B |
负债/权益比CARTPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 2.26× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $910.0M | — |
8季度趋势，按日历期对齐
经营现金流CARTPR
| Q4 25 | $183.0M | $904.3M | ||
| Q3 25 | $287.0M | $766.5M | ||
| Q2 25 | $203.0M | $1.0B | ||
| Q1 25 | $298.0M | $898.0M | ||
| Q4 24 | $153.0M | $871.6M | ||
| Q3 24 | $185.0M | $954.4M | ||
| Q2 24 | $244.0M | $938.4M | ||
| Q1 24 | $105.0M | $647.6M |
自由现金流CARTPR
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTPR
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTPR
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | — |
现金转化率CARTPR
| Q4 25 | 2.26× | 2.66× | ||
| Q3 25 | 1.99× | 12.94× | ||
| Q2 25 | 1.75× | 5.01× | ||
| Q1 25 | 2.81× | 2.73× | ||
| Q4 24 | 1.03× | 4.02× | ||
| Q3 24 | 1.57× | 2.47× | ||
| Q2 24 | 4.00× | 3.99× | ||
| Q1 24 | 0.81× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
