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Maplebear Inc.（CART）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Maplebear Inc.的1.4倍（$1.4B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 5.8%，领先2.4%），ROKU, INC同比增速更快（16.1% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
CART vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.4倍
$992.0M
营收增速更快
ROKU
高出3.8%
12.3%
净利率更高
CART
高出2.4%
5.8%
自由现金流更多
CART
多$64.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.4B |
| 净利润 | $81.0M | $80.5M |
| 毛利率 | 72.3% | 43.5% |
| 营业利润率 | 9.9% | 4.7% |
| 净利率 | 8.2% | 5.8% |
| 营收同比 | 12.3% | 16.1% |
| 净利润同比 | -45.3% | 326.4% |
| 每股收益（稀释后） | $0.31 | $0.55 |
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CARTROKU
| Q4 25 | $992.0M | $1.4B | ||
| Q3 25 | $939.0M | $1.2B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.0B | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $968.2M | ||
| Q1 24 | $820.0M | $881.5M |
净利润CARTROKU
| Q4 25 | $81.0M | $80.5M | ||
| Q3 25 | $144.0M | $24.8M | ||
| Q2 25 | $116.0M | $10.5M | ||
| Q1 25 | $106.0M | $-27.4M | ||
| Q4 24 | $148.0M | $-35.5M | ||
| Q3 24 | $118.0M | $-9.0M | ||
| Q2 24 | $61.0M | $-34.0M | ||
| Q1 24 | $130.0M | $-50.9M |
毛利率CARTROKU
| Q4 25 | 72.3% | 43.5% | ||
| Q3 25 | 73.7% | 43.4% | ||
| Q2 25 | 74.2% | 44.8% | ||
| Q1 25 | 74.8% | 43.6% | ||
| Q4 24 | 75.2% | 42.7% | ||
| Q3 24 | 75.2% | 45.2% | ||
| Q2 24 | 75.7% | 43.9% | ||
| Q1 24 | 74.9% | 44.1% |
营业利润率CARTROKU
| Q4 25 | 9.9% | 4.7% | ||
| Q3 25 | 17.7% | 0.8% | ||
| Q2 25 | 13.6% | -2.1% | ||
| Q1 25 | 12.3% | -5.7% | ||
| Q4 24 | 17.6% | -3.3% | ||
| Q3 24 | 16.2% | -3.4% | ||
| Q2 24 | 6.3% | -7.4% | ||
| Q1 24 | 17.6% | -8.2% |
净利率CARTROKU
| Q4 25 | 8.2% | 5.8% | ||
| Q3 25 | 15.3% | 2.0% | ||
| Q2 25 | 12.7% | 0.9% | ||
| Q1 25 | 11.8% | -2.7% | ||
| Q4 24 | 16.8% | -3.0% | ||
| Q3 24 | 13.8% | -0.9% | ||
| Q2 24 | 7.4% | -3.5% | ||
| Q1 24 | 15.9% | -5.8% |
每股收益（稀释后）CARTROKU
| Q4 25 | $0.31 | $0.55 | ||
| Q3 25 | $0.51 | $0.16 | ||
| Q2 25 | $0.41 | $0.07 | ||
| Q1 25 | $0.37 | $-0.19 | ||
| Q4 24 | $0.53 | $-0.24 | ||
| Q3 24 | $0.42 | $-0.06 | ||
| Q2 24 | $0.20 | $-0.24 | ||
| Q1 24 | $0.43 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $2.7B |
| 总资产 | $3.7B | $4.4B |
| 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CARTROKU
| Q4 25 | $687.0M | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.6B | $2.3B | ||
| Q1 25 | $1.6B | $2.3B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.4B | $2.1B | ||
| Q1 24 | $1.5B | $2.1B |
股东权益CARTROKU
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $3.5B | $2.6B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.1B | $2.5B | ||
| Q3 24 | $2.9B | $2.5B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $3.1B | $2.4B |
总资产CARTROKU
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $4.5B | $4.4B | ||
| Q2 25 | $4.4B | $4.3B | ||
| Q1 25 | $4.3B | $4.2B | ||
| Q4 24 | $4.1B | $4.3B | ||
| Q3 24 | $3.9B | $4.3B | ||
| Q2 24 | $4.0B | $4.1B | ||
| Q1 24 | $4.1B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 17.2% | 7.6% |
| 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× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流CARTROKU
| Q4 25 | $183.0M | $107.7M | ||
| Q3 25 | $287.0M | $127.6M | ||
| Q2 25 | $203.0M | $109.7M | ||
| Q1 25 | $298.0M | $138.7M | ||
| Q4 24 | $153.0M | $79.3M | ||
| Q3 24 | $185.0M | $68.7M | ||
| Q2 24 | $244.0M | $23.4M | ||
| Q1 24 | $105.0M | $46.7M |
自由现金流CARTROKU
| Q4 25 | $171.0M | $106.6M | ||
| Q3 25 | $272.0M | $126.5M | ||
| Q2 25 | $187.0M | $108.6M | ||
| Q1 25 | $280.0M | $136.8M | ||
| Q4 24 | $141.0M | $76.8M | ||
| Q3 24 | $171.0M | $67.6M | ||
| Q2 24 | $220.0M | $22.5M | ||
| Q1 24 | $91.0M | $46.0M |
自由现金流率CARTROKU
| Q4 25 | 17.2% | 7.6% | ||
| Q3 25 | 29.0% | 10.4% | ||
| Q2 25 | 20.5% | 9.8% | ||
| Q1 25 | 31.2% | 13.4% | ||
| Q4 24 | 16.0% | 6.4% | ||
| Q3 24 | 20.1% | 6.4% | ||
| Q2 24 | 26.7% | 2.3% | ||
| Q1 24 | 11.1% | 5.2% |
资本支出强度CARTROKU
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 1.7% | 0.1% |
现金转化率CARTROKU
| Q4 25 | 2.26× | 1.34× | ||
| Q3 25 | 1.99× | 5.14× | ||
| Q2 25 | 1.75× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
