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Maplebear Inc.（CART）与百利高（PRGO）财务数据对比。点击上方公司名可切换其他公司
百利高的季度营收约是Maplebear Inc.的1.1倍（$1.1B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -127.8%，领先136.0%），Maplebear Inc.同比增速更快（12.3% vs -2.5%），Maplebear Inc.自由现金流更多（$171.0M vs $148.6M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 1.3%）
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。
百利高（Perrigo）是一家注册于爱尔兰的非处方仿制药生产商，主打自有品牌OTC药品业务。公司70%的净销售额来自美国医疗市场，为优化税务布局将法定总部设在爱尔兰，该地区销售额仅占总营收的0.6%，2013年曾完成美国历史上第六大企业税收倒置交易。
CART vs PRGO — 直观对比
营收规模更大
PRGO
是对方的1.1倍
$992.0M
营收增速更快
CART
高出14.9%
-2.5%
净利率更高
CART
高出136.0%
-127.8%
自由现金流更多
CART
多$22.4M
$148.6M
两年增速更快
CART
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.1B |
| 净利润 | $81.0M | $-1.4B |
| 毛利率 | 72.3% | 32.6% |
| 营业利润率 | 9.9% | -116.0% |
| 净利率 | 8.2% | -127.8% |
| 营收同比 | 12.3% | -2.5% |
| 净利润同比 | -45.3% | -3093.9% |
| 每股收益（稀释后） | $0.31 | $-10.23 |
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CARTPRGO
| Q4 25 | $992.0M | $1.1B | ||
| Q3 25 | $939.0M | $1.0B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.0B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.1B |
净利润CARTPRGO
| Q4 25 | $81.0M | $-1.4B | ||
| Q3 25 | $144.0M | $7.5M | ||
| Q2 25 | $116.0M | $-8.4M | ||
| Q1 25 | $106.0M | $-6.4M | ||
| Q4 24 | $148.0M | $-44.4M | ||
| Q3 24 | $118.0M | $-21.0M | ||
| Q2 24 | $61.0M | $-108.4M | ||
| Q1 24 | $130.0M | $2.0M |
毛利率CARTPRGO
| Q4 25 | 72.3% | 32.6% | ||
| Q3 25 | 73.7% | 36.1% | ||
| Q2 25 | 74.2% | 34.4% | ||
| Q1 25 | 74.8% | 37.6% | ||
| Q4 24 | 75.2% | 33.9% | ||
| Q3 24 | 75.2% | 37.2% | ||
| Q2 24 | 75.7% | 37.0% | ||
| Q1 24 | 74.9% | 33.1% |
营业利润率CARTPRGO
| Q4 25 | 9.9% | -116.0% | ||
| Q3 25 | 17.7% | 7.0% | ||
| Q2 25 | 13.6% | 4.3% | ||
| Q1 25 | 12.3% | 4.5% | ||
| Q4 24 | 17.6% | 10.0% | ||
| Q3 24 | 16.2% | 7.4% | ||
| Q2 24 | 6.3% | -2.5% | ||
| Q1 24 | 17.6% | -5.1% |
净利率CARTPRGO
| Q4 25 | 8.2% | -127.8% | ||
| Q3 25 | 15.3% | 0.7% | ||
| Q2 25 | 12.7% | -0.8% | ||
| Q1 25 | 11.8% | -0.6% | ||
| Q4 24 | 16.8% | -3.9% | ||
| Q3 24 | 13.8% | -1.9% | ||
| Q2 24 | 7.4% | -10.2% | ||
| Q1 24 | 15.9% | 0.2% |
每股收益（稀释后）CARTPRGO
| Q4 25 | $0.31 | $-10.23 | ||
| Q3 25 | $0.51 | $0.05 | ||
| Q2 25 | $0.41 | $-0.06 | ||
| Q1 25 | $0.37 | $-0.05 | ||
| Q4 24 | $0.53 | $-0.32 | ||
| Q3 24 | $0.42 | $-0.15 | ||
| Q2 24 | $0.20 | $-0.79 | ||
| Q1 24 | $0.43 | $0.01 |
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 | — | — |
| 股东权益账面价值 | $2.5B | $2.9B |
| 总资产 | $3.7B | $8.5B |
| 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CARTPRGO
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $432.1M | ||
| Q2 25 | $1.6B | $454.2M | ||
| Q1 25 | $1.6B | $409.9M | ||
| Q4 24 | $1.4B | $558.8M | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.4B | $542.8M | ||
| Q1 24 | $1.5B | $658.5M |
股东权益CARTPRGO
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $3.5B | $4.4B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.2B | $4.4B | ||
| Q4 24 | $3.1B | $4.3B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.5B | ||
| Q1 24 | $3.1B | $4.7B |
总资产CARTPRGO
| Q4 25 | $3.7B | $8.5B | ||
| Q3 25 | $4.5B | $10.1B | ||
| Q2 25 | $4.4B | $10.1B | ||
| Q1 25 | $4.3B | $9.8B | ||
| Q4 24 | $4.1B | $9.6B | ||
| Q3 24 | $3.9B | $11.2B | ||
| Q2 24 | $4.0B | $10.4B | ||
| Q1 24 | $4.1B | $10.6B |
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 | $175.4M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $148.6M |
| 自由现金流率自由现金流/营收 | 17.2% | 13.4% |
| 资本支出强度资本支出/营收 | 1.2% | 2.4% |
| 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 | $145.1M |
8季度趋势，按日历期对齐
经营现金流CARTPRGO
| Q4 25 | $183.0M | $175.4M | ||
| Q3 25 | $287.0M | $51.7M | ||
| Q2 25 | $203.0M | $75.9M | ||
| Q1 25 | $298.0M | $-64.5M | ||
| Q4 24 | $153.0M | $312.6M | ||
| Q3 24 | $185.0M | $42.2M | ||
| Q2 24 | $244.0M | $9.5M | ||
| Q1 24 | $105.0M | $-1.4M |
自由现金流CARTPRGO
| Q4 25 | $171.0M | $148.6M | ||
| Q3 25 | $272.0M | $29.8M | ||
| Q2 25 | $187.0M | $56.7M | ||
| Q1 25 | $280.0M | $-90.0M | ||
| Q4 24 | $141.0M | $274.9M | ||
| Q3 24 | $171.0M | $15.1M | ||
| Q2 24 | $220.0M | $-18.9M | ||
| Q1 24 | $91.0M | $-26.5M |
自由现金流率CARTPRGO
| Q4 25 | 17.2% | 13.4% | ||
| Q3 25 | 29.0% | 2.9% | ||
| Q2 25 | 20.5% | 5.4% | ||
| Q1 25 | 31.2% | -8.6% | ||
| Q4 24 | 16.0% | 24.2% | ||
| Q3 24 | 20.1% | 1.4% | ||
| Q2 24 | 26.7% | -1.8% | ||
| Q1 24 | 11.1% | -2.4% |
资本支出强度CARTPRGO
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.4% | 3.3% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 2.9% | 2.7% | ||
| Q1 24 | 1.7% | 2.3% |
现金转化率CARTPRGO
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 6.89× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
