vs
Maplebear Inc.（CART）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.2倍（$992.0M vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 8.2%，领先5.1%），Rithm Capital Corp.同比增速更快（508.5% vs 12.3%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
CART vs RITM — 直观对比
营收规模更大
CART
是对方的1.2倍
$828.2M
营收增速更快
RITM
高出496.1%
12.3%
净利率更高
RITM
高出5.1%
8.2%
两年增速更快
CART
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $828.2M |
| 净利润 | $81.0M | $109.5M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 29.9% |
| 净利率 | 8.2% | 13.2% |
| 营收同比 | 12.3% | 508.5% |
| 净利润同比 | -45.3% | 27.7% |
| 每股收益（稀释后） | $0.31 | $0.12 |
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
营收CARTRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $992.0M | $1.5B | ||
| Q3 25 | $939.0M | $1.1B | ||
| Q2 25 | $914.0M | $1.2B | ||
| Q1 25 | $897.0M | $768.4M | ||
| Q4 24 | $883.0M | $2.1B | ||
| Q3 24 | $852.0M | $619.5M | ||
| Q2 24 | $823.0M | $1.2B |
净利润CARTRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $81.0M | $85.0M | ||
| Q3 25 | $144.0M | $221.5M | ||
| Q2 25 | $116.0M | $311.7M | ||
| Q1 25 | $106.0M | $78.8M | ||
| Q4 24 | $148.0M | $290.2M | ||
| Q3 24 | $118.0M | $121.7M | ||
| Q2 24 | $61.0M | $235.6M |
毛利率CARTRITM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CARTRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 9.9% | 13.8% | ||
| Q3 25 | 17.7% | 21.4% | ||
| Q2 25 | 13.6% | 25.2% | ||
| Q1 25 | 12.3% | 7.4% | ||
| Q4 24 | 17.6% | 23.8% | ||
| Q3 24 | 16.2% | 7.3% | ||
| Q2 24 | 6.3% | 23.6% |
净利率CARTRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 8.2% | 5.7% | ||
| Q3 25 | 15.3% | 20.0% | ||
| Q2 25 | 12.7% | 25.6% | ||
| Q1 25 | 11.8% | 10.3% | ||
| Q4 24 | 16.8% | 14.0% | ||
| Q3 24 | 13.8% | 19.7% | ||
| Q2 24 | 7.4% | 19.2% |
每股收益（稀释后）CARTRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.31 | $0.09 | ||
| Q3 25 | $0.51 | $0.35 | ||
| Q2 25 | $0.41 | $0.53 | ||
| Q1 25 | $0.37 | $0.07 | ||
| Q4 24 | $0.53 | $0.50 | ||
| Q3 24 | $0.42 | $0.20 | ||
| Q2 24 | $0.20 | $0.43 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $9.1B |
| 总资产 | $3.7B | $53.4B |
| 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CARTRITM
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | $1.8B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.2B |
总债务CARTRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益CARTRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.5B | $8.4B | ||
| Q3 25 | $3.5B | $8.5B | ||
| Q2 25 | $3.3B | $7.9B | ||
| Q1 25 | $3.2B | $7.8B | ||
| Q4 24 | $3.1B | $7.8B | ||
| Q3 24 | $2.9B | $7.7B | ||
| Q2 24 | $3.0B | $7.3B |
总资产CARTRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $3.7B | $53.1B | ||
| Q3 25 | $4.5B | $47.2B | ||
| Q2 25 | $4.4B | $44.3B | ||
| Q1 25 | $4.3B | $45.3B | ||
| Q4 24 | $4.1B | $46.0B | ||
| Q3 24 | $3.9B | $42.3B | ||
| Q2 24 | $4.0B | $42.0B |
负债/权益比CARTRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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× | — |
| 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CARTRITM
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $-114.6M | ||
| Q3 25 | $287.0M | $-2.0B | ||
| Q2 25 | $203.0M | $-557.1M | ||
| Q1 25 | $298.0M | $1.4B | ||
| Q4 24 | $153.0M | $-1.8B | ||
| Q3 24 | $185.0M | $768.1M | ||
| Q2 24 | $244.0M | $-55.7M |
自由现金流CARTRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率CARTRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度CARTRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率CARTRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | -1.35× | ||
| Q3 25 | 1.99× | -9.22× | ||
| Q2 25 | 1.75× | -1.79× | ||
| Q1 25 | 2.81× | 18.03× | ||
| Q4 24 | 1.03× | -6.04× | ||
| Q3 24 | 1.57× | 6.31× | ||
| Q2 24 | 4.00× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
