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Maplebear Inc.（CART）与Ryman Hospitality Properties, Inc.（RHP）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Ryman Hospitality Properties, Inc.的1.3倍（$992.0M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 8.2%，领先1.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 10.0%）
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。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
CART vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $737.8M |
| 净利润 | $81.0M | $74.5M |
| 毛利率 | 72.3% | 41.4% |
| 营业利润率 | 9.9% | 19.4% |
| 净利率 | 8.2% | 10.1% |
| 营收同比 | 12.3% | 13.9% |
| 净利润同比 | -45.3% | 3.0% |
| 每股收益（稀释后） | $0.31 | $1.12 |
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
| Q4 25 | $992.0M | $737.8M | ||
| Q3 25 | $939.0M | $592.5M | ||
| Q2 25 | $914.0M | $659.5M | ||
| Q1 25 | $897.0M | $587.3M | ||
| Q4 24 | $883.0M | $647.6M | ||
| Q3 24 | $852.0M | $550.0M | ||
| Q2 24 | $823.0M | $613.3M | ||
| Q1 24 | $820.0M | $528.3M |
| Q4 25 | $81.0M | $74.5M | ||
| Q3 25 | $144.0M | $34.9M | ||
| Q2 25 | $116.0M | $71.8M | ||
| Q1 25 | $106.0M | $63.0M | ||
| Q4 24 | $148.0M | $72.3M | ||
| Q3 24 | $118.0M | $59.0M | ||
| Q2 24 | $61.0M | $100.8M | ||
| Q1 24 | $130.0M | $42.8M |
| Q4 25 | 72.3% | 41.4% | ||
| Q3 25 | 73.7% | 40.9% | ||
| Q2 25 | 74.2% | 49.7% | ||
| Q1 25 | 74.8% | 44.4% | ||
| Q4 24 | 75.2% | 40.4% | ||
| Q3 24 | 75.2% | 43.1% | ||
| Q2 24 | 75.7% | 48.4% | ||
| Q1 24 | 74.9% | 41.5% |
| Q4 25 | 9.9% | 19.4% | ||
| Q3 25 | 17.7% | 15.0% | ||
| Q2 25 | 13.6% | 21.1% | ||
| Q1 25 | 12.3% | 19.8% | ||
| Q4 24 | 17.6% | 18.6% | ||
| Q3 24 | 16.2% | 19.3% | ||
| Q2 24 | 6.3% | 27.4% | ||
| Q1 24 | 17.6% | 18.2% |
| Q4 25 | 8.2% | 10.1% | ||
| Q3 25 | 15.3% | 5.9% | ||
| Q2 25 | 12.7% | 10.9% | ||
| Q1 25 | 11.8% | 10.7% | ||
| Q4 24 | 16.8% | 11.2% | ||
| Q3 24 | 13.8% | 10.7% | ||
| Q2 24 | 7.4% | 16.4% | ||
| Q1 24 | 15.9% | 8.1% |
| Q4 25 | $0.31 | $1.12 | ||
| Q3 25 | $0.51 | $0.53 | ||
| Q2 25 | $0.41 | $1.12 | ||
| Q1 25 | $0.37 | $1.00 | ||
| Q4 24 | $0.53 | $1.12 | ||
| Q3 24 | $0.42 | $0.94 | ||
| Q2 24 | $0.20 | $1.65 | ||
| Q1 24 | $0.43 | $0.67 |
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 | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $750.2M |
| 总资产 | $3.7B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $687.0M | $471.4M | ||
| Q3 25 | $1.7B | $483.3M | ||
| Q2 25 | $1.6B | $420.6M | ||
| Q1 25 | $1.6B | $413.9M | ||
| Q4 24 | $1.4B | $477.7M | ||
| Q3 24 | $1.3B | $534.9M | ||
| Q2 24 | $1.4B | $498.4M | ||
| Q1 24 | $1.5B | $465.3M |
| Q4 25 | $2.5B | $750.2M | ||
| Q3 25 | $3.5B | $758.5M | ||
| Q2 25 | $3.3B | $800.4M | ||
| Q1 25 | $3.2B | $531.5M | ||
| Q4 24 | $3.1B | $549.0M | ||
| Q3 24 | $2.9B | $551.9M | ||
| Q2 24 | $3.0B | $562.6M | ||
| Q1 24 | $3.1B | $529.9M |
| Q4 25 | $3.7B | $6.2B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $4.4B | $6.1B | ||
| Q1 25 | $4.3B | $5.2B | ||
| Q4 24 | $4.1B | $5.2B | ||
| Q3 24 | $3.9B | $5.2B | ||
| Q2 24 | $4.0B | $5.1B | ||
| Q1 24 | $4.1B | $5.1B |
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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 17.2% | 7.9% |
| 资本支出强度资本支出/营收 | 1.2% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.26× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $183.0M | $164.7M | ||
| Q3 25 | $287.0M | $205.2M | ||
| Q2 25 | $203.0M | $122.5M | ||
| Q1 25 | $298.0M | $98.2M | ||
| Q4 24 | $153.0M | $166.6M | ||
| Q3 24 | $185.0M | $218.1M | ||
| Q2 24 | $244.0M | $184.3M | ||
| Q1 24 | $105.0M | $7.5M |
| Q4 25 | $171.0M | $58.5M | ||
| Q3 25 | $272.0M | $135.4M | ||
| Q2 25 | $187.0M | $53.0M | ||
| Q1 25 | $280.0M | $-14.5M | ||
| Q4 24 | $141.0M | $76.0M | ||
| Q3 24 | $171.0M | $85.7M | ||
| Q2 24 | $220.0M | $78.8M | ||
| Q1 24 | $91.0M | $-72.0M |
| Q4 25 | 17.2% | 7.9% | ||
| Q3 25 | 29.0% | 22.9% | ||
| Q2 25 | 20.5% | 8.0% | ||
| Q1 25 | 31.2% | -2.5% | ||
| Q4 24 | 16.0% | 11.7% | ||
| Q3 24 | 20.1% | 15.6% | ||
| Q2 24 | 26.7% | 12.9% | ||
| Q1 24 | 11.1% | -13.6% |
| Q4 25 | 1.2% | 14.4% | ||
| Q3 25 | 1.6% | 11.8% | ||
| Q2 25 | 1.8% | 10.5% | ||
| Q1 25 | 2.0% | 19.2% | ||
| Q4 24 | 1.4% | 14.0% | ||
| Q3 24 | 1.6% | 24.1% | ||
| Q2 24 | 2.9% | 17.2% | ||
| Q1 24 | 1.7% | 15.0% |
| Q4 25 | 2.26× | 2.21× | ||
| Q3 25 | 1.99× | 5.88× | ||
| Q2 25 | 1.75× | 1.71× | ||
| Q1 25 | 2.81× | 1.56× | ||
| Q4 24 | 1.03× | 2.30× | ||
| Q3 24 | 1.57× | 3.70× | ||
| Q2 24 | 4.00× | 1.83× | ||
| Q1 24 | 0.81× | 0.17× |
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% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
