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Maplebear Inc.（CART）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是Maplebear Inc.的1.6倍（$1.6B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -0.8%，领先9.0%），Maplebear Inc.自由现金流更多（$171.0M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
CART vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.6倍
$992.0M
净利率更高
CART
高出9.0%
-0.8%
自由现金流更多
CART
多$113.7M
$57.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.6B |
| 净利润 | $81.0M | $-13.0M |
| 毛利率 | 72.3% | 27.7% |
| 营业利润率 | 9.9% | 1.2% |
| 净利率 | 8.2% | -0.8% |
| 营收同比 | 12.3% | — |
| 净利润同比 | -45.3% | — |
| 每股收益（稀释后） | $0.31 | $-0.03 |
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CARTPRMB
| Q4 25 | $992.0M | $1.6B | ||
| Q3 25 | $939.0M | $1.8B | ||
| Q2 25 | $914.0M | $1.7B | ||
| Q1 25 | $897.0M | $1.6B | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | $0 | ||
| Q2 24 | $823.0M | $1.3B | ||
| Q1 24 | $820.0M | $1.1B |
净利润CARTPRMB
| Q4 25 | $81.0M | $-13.0M | ||
| Q3 25 | $144.0M | $16.8M | ||
| Q2 25 | $116.0M | $27.6M | ||
| Q1 25 | $106.0M | $28.7M | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | $-2.0K | ||
| Q2 24 | $61.0M | $54.5M | ||
| Q1 24 | $130.0M | $33.5M |
毛利率CARTPRMB
| Q4 25 | 72.3% | 27.7% | ||
| Q3 25 | 73.7% | 29.9% | ||
| Q2 25 | 74.2% | 31.3% | ||
| Q1 25 | 74.8% | 32.3% | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | 32.7% | ||
| Q1 24 | 74.9% | 30.4% |
营业利润率CARTPRMB
| Q4 25 | 9.9% | 1.2% | ||
| Q3 25 | 17.7% | 8.3% | ||
| Q2 25 | 13.6% | 6.5% | ||
| Q1 25 | 12.3% | 9.5% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 6.3% | 12.1% | ||
| Q1 24 | 17.6% | 11.0% |
净利率CARTPRMB
| Q4 25 | 8.2% | -0.8% | ||
| Q3 25 | 15.3% | 1.0% | ||
| Q2 25 | 12.7% | 1.6% | ||
| Q1 25 | 11.8% | 1.8% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 7.4% | 4.1% | ||
| Q1 24 | 15.9% | 2.9% |
每股收益（稀释后）CARTPRMB
| Q4 25 | $0.31 | $-0.03 | ||
| Q3 25 | $0.51 | $0.04 | ||
| Q2 25 | $0.41 | $0.07 | ||
| Q1 25 | $0.37 | $0.08 | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | $-20.00 | ||
| Q2 24 | $0.20 | $0.25 | ||
| Q1 24 | $0.43 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.5B | $3.0B |
| 总资产 | $3.7B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资CARTPRMB
| Q4 25 | $687.0M | $376.7M | ||
| 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CARTPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CARTPRMB
| Q4 25 | $2.5B | $3.0B | ||
| Q3 25 | $3.5B | $3.2B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.2B | $3.3B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $-2.0K | ||
| Q2 24 | $3.0B | $-296.8M | ||
| Q1 24 | $3.1B | $-349.8M |
总资产CARTPRMB
| Q4 25 | $3.7B | $10.6B | ||
| Q3 25 | $4.5B | $11.0B | ||
| Q2 25 | $4.4B | $11.0B | ||
| Q1 25 | $4.3B | $11.0B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $0 | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.1B | — |
负债/权益比CARTPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $57.3M |
| 自由现金流率自由现金流/营收 | 17.2% | 3.7% |
| 资本支出强度资本支出/营收 | 1.2% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流CARTPRMB
| Q4 25 | $183.0M | $203.1M | ||
| Q3 25 | $287.0M | $283.4M | ||
| Q2 25 | $203.0M | $155.0M | ||
| Q1 25 | $298.0M | $38.8M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | $0 | ||
| Q2 24 | $244.0M | $102.5M | ||
| Q1 24 | $105.0M | $6.0M |
自由现金流CARTPRMB
| Q4 25 | $171.0M | $57.3M | ||
| Q3 25 | $272.0M | $167.7M | ||
| Q2 25 | $187.0M | $101.1M | ||
| Q1 25 | $280.0M | $-23.2M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | $61.4M | ||
| Q1 24 | $91.0M | $-17.5M |
自由现金流率CARTPRMB
| Q4 25 | 17.2% | 3.7% | ||
| Q3 25 | 29.0% | 9.5% | ||
| Q2 25 | 20.5% | 5.8% | ||
| Q1 25 | 31.2% | -1.4% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | 4.7% | ||
| Q1 24 | 11.1% | -1.5% |
资本支出强度CARTPRMB
| Q4 25 | 1.2% | 9.4% | ||
| Q3 25 | 1.6% | 6.6% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 2.0% | 3.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | 3.1% | ||
| Q1 24 | 1.7% | 2.1% |
现金转化率CARTPRMB
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 16.87× | ||
| Q2 25 | 1.75× | 5.62× | ||
| Q1 25 | 2.81× | 1.35× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 1.88× | ||
| Q1 24 | 0.81× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
