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Maplebear Inc.（CART）与Primerica, Inc.（PRI）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Primerica, Inc.的1.2倍（$992.0M vs $853.7M），Primerica, Inc.净利率更高（23.1% vs 8.2%，领先14.9%），Maplebear Inc.同比增速更快（12.3% vs 11.0%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 7.2%）
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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
CART vs PRI — 直观对比
营收规模更大
CART
是对方的1.2倍
$853.7M
营收增速更快
CART
高出1.3%
11.0%
净利率更高
PRI
高出14.9%
8.2%
两年增速更快
CART
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $853.7M |
| 净利润 | $81.0M | $197.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 28.9% |
| 净利率 | 8.2% | 23.1% |
| 营收同比 | 12.3% | 11.0% |
| 净利润同比 | -45.3% | 17.9% |
| 每股收益（稀释后） | $0.31 | $6.11 |
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CARTPRI
| Q4 25 | $992.0M | $853.7M | ||
| Q3 25 | $939.0M | $839.9M | ||
| Q2 25 | $914.0M | $793.3M | ||
| Q1 25 | $897.0M | $804.8M | ||
| Q4 24 | $883.0M | $768.8M | ||
| Q3 24 | $852.0M | $774.1M | ||
| Q2 24 | $823.0M | $803.4M | ||
| Q1 24 | $820.0M | $742.8M |
净利润CARTPRI
| Q4 25 | $81.0M | $197.0M | ||
| Q3 25 | $144.0M | $206.8M | ||
| Q2 25 | $116.0M | $178.3M | ||
| Q1 25 | $106.0M | $169.1M | ||
| Q4 24 | $148.0M | $167.1M | ||
| Q3 24 | $118.0M | $164.4M | ||
| Q2 24 | $61.0M | $1.2M | ||
| Q1 24 | $130.0M | $137.9M |
毛利率CARTPRI
| 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% | 98.0% | ||
| Q1 24 | 74.9% | 98.2% |
营业利润率CARTPRI
| Q4 25 | 9.9% | 28.9% | ||
| Q3 25 | 17.7% | 32.3% | ||
| Q2 25 | 13.6% | 29.6% | ||
| Q1 25 | 12.3% | 27.5% | ||
| Q4 24 | 17.6% | 64.7% | ||
| Q3 24 | 16.2% | 32.9% | ||
| Q2 24 | 6.3% | 1.0% | ||
| Q1 24 | 17.6% | 24.1% |
净利率CARTPRI
| Q4 25 | 8.2% | 23.1% | ||
| Q3 25 | 15.3% | 24.6% | ||
| Q2 25 | 12.7% | 22.5% | ||
| Q1 25 | 11.8% | 21.0% | ||
| Q4 24 | 16.8% | 21.7% | ||
| Q3 24 | 13.8% | 21.2% | ||
| Q2 24 | 7.4% | 0.1% | ||
| Q1 24 | 15.9% | 18.6% |
每股收益（稀释后）CARTPRI
| Q4 25 | $0.31 | $6.11 | ||
| Q3 25 | $0.51 | $6.35 | ||
| Q2 25 | $0.41 | $5.40 | ||
| Q1 25 | $0.37 | $5.05 | ||
| Q4 24 | $0.53 | $4.92 | ||
| Q3 24 | $0.42 | $4.83 | ||
| Q2 24 | $0.20 | $0.03 | ||
| Q1 24 | $0.43 | $3.93 |
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 | $756.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.4B |
| 总资产 | $3.7B | $15.0B |
| 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CARTPRI
| Q4 25 | $687.0M | $756.2M | ||
| Q3 25 | $1.7B | $644.9M | ||
| Q2 25 | $1.6B | $621.2M | ||
| Q1 25 | $1.6B | $625.1M | ||
| Q4 24 | $1.4B | $687.8M | ||
| Q3 24 | $1.3B | $550.1M | ||
| Q2 24 | $1.4B | $627.3M | ||
| Q1 24 | $1.5B | $593.4M |
股东权益CARTPRI
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $3.5B | $2.3B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.2B | $2.3B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $3.1B | $2.2B |
总资产CARTPRI
| Q4 25 | $3.7B | $15.0B | ||
| Q3 25 | $4.5B | $14.8B | ||
| Q2 25 | $4.4B | $14.8B | ||
| Q1 25 | $4.3B | $14.6B | ||
| Q4 24 | $4.1B | $14.6B | ||
| Q3 24 | $3.9B | $14.8B | ||
| Q2 24 | $4.0B | $14.6B | ||
| Q1 24 | $4.1B | $14.9B |
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 | $338.2M |
| 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× | 1.72× |
| 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CARTPRI
| Q4 25 | $183.0M | $338.2M | ||
| Q3 25 | $287.0M | $202.9M | ||
| Q2 25 | $203.0M | $162.6M | ||
| Q1 25 | $298.0M | $197.5M | ||
| Q4 24 | $153.0M | $270.6M | ||
| Q3 24 | $185.0M | $207.3M | ||
| Q2 24 | $244.0M | $173.3M | ||
| Q1 24 | $105.0M | $210.9M |
自由现金流CARTPRI
| 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CARTPRI
| 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CARTPRI
| 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CARTPRI
| Q4 25 | 2.26× | 1.72× | ||
| Q3 25 | 1.99× | 0.98× | ||
| Q2 25 | 1.75× | 0.91× | ||
| Q1 25 | 2.81× | 1.17× | ||
| Q4 24 | 1.03× | 1.62× | ||
| Q3 24 | 1.57× | 1.26× | ||
| Q2 24 | 4.00× | 147.98× | ||
| Q1 24 | 0.81× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
