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Maplebear Inc.（CART）与Real Brokerage Inc（REAX）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Real Brokerage Inc的1.7倍（$992.0M vs $568.5M），Maplebear Inc.净利率更高（8.2% vs -0.1%，领先8.2%），Real Brokerage Inc同比增速更快（52.6% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $8.4M）
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。
该企业是美国房产服务企业，主营房产经纪业务运营与品牌特许经营，业务覆盖房产中介、 relocation服务、产权服务、保险及结算服务，旗下拥有Better Homes and Gardens Real Estate、21世纪不动产、Coldwell Banker、Corcoran Group、ERA房地产以及苏富比国际地产等多个知名品牌，2026年被Compass, Inc.收购。
CART vs REAX — 直观对比
营收规模更大
CART
是对方的1.7倍
$568.5M
营收增速更快
REAX
高出40.3%
12.3%
净利率更高
CART
高出8.2%
-0.1%
自由现金流更多
CART
多$162.6M
$8.4M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $568.5M |
| 净利润 | $81.0M | $-447.0K |
| 毛利率 | 72.3% | 7.9% |
| 营业利润率 | 9.9% | -0.1% |
| 净利率 | 8.2% | -0.1% |
| 营收同比 | 12.3% | 52.6% |
| 净利润同比 | -45.3% | 82.7% |
| 每股收益（稀释后） | $0.31 | $0.00 |
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CARTREAX
| Q4 25 | $992.0M | — | ||
| Q3 25 | $939.0M | $568.5M | ||
| Q2 25 | $914.0M | $540.7M | ||
| Q1 25 | $897.0M | $354.0M | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | $372.5M | ||
| Q2 24 | $823.0M | — | ||
| Q1 24 | $820.0M | $200.7M |
净利润CARTREAX
| Q4 25 | $81.0M | — | ||
| Q3 25 | $144.0M | $-447.0K | ||
| Q2 25 | $116.0M | $1.5M | ||
| Q1 25 | $106.0M | $-5.0M | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | $-2.6M | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $130.0M | $-16.1M |
毛利率CARTREAX
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | 7.9% | ||
| Q2 25 | 74.2% | 8.9% | ||
| Q1 25 | 74.8% | 9.6% | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | 8.6% | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | 10.3% |
营业利润率CARTREAX
| Q4 25 | 9.9% | — | ||
| Q3 25 | 17.7% | -0.1% | ||
| Q2 25 | 13.6% | 0.3% | ||
| Q1 25 | 12.3% | -1.5% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | -0.7% | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 17.6% | -7.8% |
净利率CARTREAX
| Q4 25 | 8.2% | — | ||
| Q3 25 | 15.3% | -0.1% | ||
| Q2 25 | 12.7% | 0.3% | ||
| Q1 25 | 11.8% | -1.4% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | -0.7% | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 15.9% | -8.0% |
每股收益（稀释后）CARTREAX
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | $0.00 | ||
| Q2 25 | $0.41 | $0.01 | ||
| Q1 25 | $0.37 | $-0.02 | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | $-0.01 | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.43 | $-0.09 |
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 | $38.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $53.6M |
| 总资产 | $3.7B | $145.2M |
| 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CARTREAX
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $38.7M | ||
| Q2 25 | $1.6B | $49.7M | ||
| Q1 25 | $1.6B | $24.7M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $22.6M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | $20.1M |
股东权益CARTREAX
| Q4 25 | $2.5B | — | ||
| Q3 25 | $3.5B | $53.6M | ||
| Q2 25 | $3.3B | $49.2M | ||
| Q1 25 | $3.2B | $32.8M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $29.8M | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.1B | $25.6M |
总资产CARTREAX
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.5B | $145.2M | ||
| Q2 25 | $4.4B | $149.4M | ||
| Q1 25 | $4.3B | $100.5M | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $102.5M | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.1B | — |
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 | $8.8M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $8.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 1.5% |
| 资本支出强度资本支出/营收 | 1.2% | 0.1% |
| 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 | $71.7M |
8季度趋势，按日历期对齐
经营现金流CARTREAX
| Q4 25 | $183.0M | — | ||
| Q3 25 | $287.0M | $8.8M | ||
| Q2 25 | $203.0M | $41.0M | ||
| Q1 25 | $298.0M | $15.9M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | $7.2M | ||
| Q2 24 | $244.0M | — | ||
| Q1 24 | $105.0M | $21.5M |
自由现金流CARTREAX
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | $8.4M | ||
| Q2 25 | $187.0M | $40.8M | ||
| Q1 25 | $280.0M | $15.7M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | $6.8M | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | $21.4M |
自由现金流率CARTREAX
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | 1.5% | ||
| Q2 25 | 20.5% | 7.5% | ||
| Q1 25 | 31.2% | 4.4% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | 1.8% | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | 10.7% |
资本支出强度CARTREAX
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.0% | ||
| Q1 25 | 2.0% | 0.1% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | 0.0% |
现金转化率CARTREAX
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | 27.13× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | — |
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% |
REAX
暂无分部数据
