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Maplebear Inc.（CART）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
越洋钻探的季度营收约是Maplebear Inc.的1.1倍（$1.0B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 2.4%，领先5.8%），Maplebear Inc.同比增速更快（12.3% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $171.0M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
CART vs RIG — 直观对比
营收规模更大
RIG
是对方的1.1倍
$992.0M
营收增速更快
CART
高出2.8%
9.6%
净利率更高
CART
高出5.8%
2.4%
自由现金流更多
RIG
多$150.0M
$171.0M
两年增速更快
RIG
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.0B |
| 净利润 | $81.0M | $25.0M |
| 毛利率 | 72.3% | 42.0% |
| 营业利润率 | 9.9% | 23.0% |
| 净利率 | 8.2% | 2.4% |
| 营收同比 | 12.3% | 9.6% |
| 净利润同比 | -45.3% | 257.1% |
| 每股收益（稀释后） | $0.31 | $0.13 |
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CARTRIG
| Q4 25 | $992.0M | $1.0B | ||
| Q3 25 | $939.0M | $1.0B | ||
| Q2 25 | $914.0M | $988.0M | ||
| Q1 25 | $897.0M | $906.0M | ||
| Q4 24 | $883.0M | $952.0M | ||
| Q3 24 | $852.0M | $948.0M | ||
| Q2 24 | $823.0M | $861.0M | ||
| Q1 24 | $820.0M | $763.0M |
净利润CARTRIG
| Q4 25 | $81.0M | $25.0M | ||
| Q3 25 | $144.0M | $-1.9B | ||
| Q2 25 | $116.0M | $-938.0M | ||
| Q1 25 | $106.0M | $-79.0M | ||
| Q4 24 | $148.0M | $7.0M | ||
| Q3 24 | $118.0M | $-494.0M | ||
| Q2 24 | $61.0M | $-123.0M | ||
| Q1 24 | $130.0M | $98.0M |
毛利率CARTRIG
| Q4 25 | 72.3% | 42.0% | ||
| Q3 25 | 73.7% | 43.2% | ||
| Q2 25 | 74.2% | 39.4% | ||
| Q1 25 | 74.8% | 31.8% | ||
| Q4 24 | 75.2% | 39.2% | ||
| Q3 24 | 75.2% | 40.6% | ||
| Q2 24 | 75.7% | 38.0% | ||
| Q1 24 | 74.9% | 31.5% |
营业利润率CARTRIG
| Q4 25 | 9.9% | 23.0% | ||
| Q3 25 | 17.7% | -163.1% | ||
| Q2 25 | 13.6% | -97.6% | ||
| Q1 25 | 12.3% | 7.1% | ||
| Q4 24 | 17.6% | 13.7% | ||
| Q3 24 | 16.2% | -51.2% | ||
| Q2 24 | 6.3% | -6.9% | ||
| Q1 24 | 17.6% | -0.4% |
净利率CARTRIG
| Q4 25 | 8.2% | 2.4% | ||
| Q3 25 | 15.3% | -187.1% | ||
| Q2 25 | 12.7% | -94.9% | ||
| Q1 25 | 11.8% | -8.7% | ||
| Q4 24 | 16.8% | 0.7% | ||
| Q3 24 | 13.8% | -52.1% | ||
| Q2 24 | 7.4% | -14.3% | ||
| Q1 24 | 15.9% | 12.8% |
每股收益（稀释后）CARTRIG
| Q4 25 | $0.31 | $0.13 | ||
| Q3 25 | $0.51 | $-2.00 | ||
| Q2 25 | $0.41 | $-1.06 | ||
| Q1 25 | $0.37 | $-0.11 | ||
| Q4 24 | $0.53 | $-0.14 | ||
| Q3 24 | $0.42 | $-0.58 | ||
| Q2 24 | $0.20 | $-0.15 | ||
| Q1 24 | $0.43 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $2.5B | $8.1B |
| 总资产 | $3.7B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资CARTRIG
| Q4 25 | $687.0M | $620.0M | ||
| Q3 25 | $1.7B | $833.0M | ||
| Q2 25 | $1.6B | $377.0M | ||
| Q1 25 | $1.6B | $263.0M | ||
| Q4 24 | $1.4B | $560.0M | ||
| Q3 24 | $1.3B | $435.0M | ||
| Q2 24 | $1.4B | $475.0M | ||
| Q1 24 | $1.5B | $446.0M |
总债务CARTRIG
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | — | $6.5B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.8B |
股东权益CARTRIG
| Q4 25 | $2.5B | $8.1B | ||
| Q3 25 | $3.5B | $8.1B | ||
| Q2 25 | $3.3B | $9.4B | ||
| Q1 25 | $3.2B | $10.2B | ||
| Q4 24 | $3.1B | $10.3B | ||
| Q3 24 | $2.9B | $10.2B | ||
| Q2 24 | $3.0B | $10.7B | ||
| Q1 24 | $3.1B | $10.5B |
总资产CARTRIG
| Q4 25 | $3.7B | $15.6B | ||
| Q3 25 | $4.5B | $16.2B | ||
| Q2 25 | $4.4B | $17.8B | ||
| Q1 25 | $4.3B | $19.0B | ||
| Q4 24 | $4.1B | $19.4B | ||
| Q3 24 | $3.9B | $19.5B | ||
| Q2 24 | $4.0B | $20.3B | ||
| Q1 24 | $4.1B | $19.9B |
负债/权益比CARTRIG
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 17.2% | 30.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.26× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流CARTRIG
| Q4 25 | $183.0M | $349.0M | ||
| Q3 25 | $287.0M | $246.0M | ||
| Q2 25 | $203.0M | $128.0M | ||
| Q1 25 | $298.0M | $26.0M | ||
| Q4 24 | $153.0M | $206.0M | ||
| Q3 24 | $185.0M | $194.0M | ||
| Q2 24 | $244.0M | $133.0M | ||
| Q1 24 | $105.0M | $-86.0M |
自由现金流CARTRIG
| Q4 25 | $171.0M | $321.0M | ||
| Q3 25 | $272.0M | $235.0M | ||
| Q2 25 | $187.0M | $104.0M | ||
| Q1 25 | $280.0M | $-34.0M | ||
| Q4 24 | $141.0M | $177.0M | ||
| Q3 24 | $171.0M | $136.0M | ||
| Q2 24 | $220.0M | $49.0M | ||
| Q1 24 | $91.0M | $-169.0M |
自由现金流率CARTRIG
| Q4 25 | 17.2% | 30.8% | ||
| Q3 25 | 29.0% | 22.9% | ||
| Q2 25 | 20.5% | 10.5% | ||
| Q1 25 | 31.2% | -3.8% | ||
| Q4 24 | 16.0% | 18.6% | ||
| Q3 24 | 20.1% | 14.3% | ||
| Q2 24 | 26.7% | 5.7% | ||
| Q1 24 | 11.1% | -22.1% |
资本支出强度CARTRIG
| Q4 25 | 1.2% | 2.7% | ||
| Q3 25 | 1.6% | 1.1% | ||
| Q2 25 | 1.8% | 2.4% | ||
| Q1 25 | 2.0% | 6.6% | ||
| Q4 24 | 1.4% | 3.0% | ||
| Q3 24 | 1.6% | 6.1% | ||
| Q2 24 | 2.9% | 9.8% | ||
| Q1 24 | 1.7% | 10.9% |
现金转化率CARTRIG
| Q4 25 | 2.26× | 13.96× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 29.43× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
