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Maplebear Inc.（CART）与RUSH ENTERPRISES INC \TX\（RUSHA）财务数据对比。点击上方公司名可切换其他公司
RUSH ENTERPRISES INC \TX\的季度营收约是Maplebear Inc.的1.7倍（$1.7B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs 3.7%，领先4.5%），Maplebear Inc.同比增速更快（12.3% vs -9.0%），RUSH ENTERPRISES INC \TX\自由现金流更多（$411.6M vs $171.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -6.8%）
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。
Rush Enterprises是总部位于美国得克萨斯州新布朗费尔斯的商用车经销商，核心业务是通过旗下Rush Truck Centers销售全新及二手卡车。2019年该公司在全美20个州运营超200家卡车中心，在加拿大设有14个网点，2020年入选财富500强榜单。
CART vs RUSHA — 直观对比
营收规模更大
RUSHA
是对方的1.7倍
$992.0M
营收增速更快
CART
高出21.3%
-9.0%
净利率更高
CART
高出4.5%
3.7%
自由现金流更多
RUSHA
多$240.6M
$171.0M
两年增速更快
CART
近两年复合增速
-6.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.7B |
| 净利润 | $81.0M | $61.7M |
| 毛利率 | 72.3% | 20.4% |
| 营业利润率 | 9.9% | 4.9% |
| 净利率 | 8.2% | 3.7% |
| 营收同比 | 12.3% | -9.0% |
| 净利润同比 | -45.3% | 1.8% |
| 每股收益（稀释后） | $0.31 | $0.77 |
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CARTRUSHA
| Q1 26 | — | $1.7B | ||
| Q4 25 | $992.0M | $1.7B | ||
| Q3 25 | $939.0M | $1.8B | ||
| Q2 25 | $914.0M | $1.8B | ||
| Q1 25 | $897.0M | $1.8B | ||
| Q4 24 | $883.0M | $1.9B | ||
| Q3 24 | $852.0M | $1.8B | ||
| Q2 24 | $823.0M | $1.9B |
净利润CARTRUSHA
| Q1 26 | — | $61.7M | ||
| Q4 25 | $81.0M | $64.3M | ||
| Q3 25 | $144.0M | $66.7M | ||
| Q2 25 | $116.0M | $72.4M | ||
| Q1 25 | $106.0M | $60.3M | ||
| Q4 24 | $148.0M | $74.8M | ||
| Q3 24 | $118.0M | $79.1M | ||
| Q2 24 | $61.0M | $78.7M |
毛利率CARTRUSHA
| Q1 26 | — | 20.4% | ||
| Q4 25 | 72.3% | 20.8% | ||
| Q3 25 | 73.7% | 21.0% | ||
| Q2 25 | 74.2% | 20.7% | ||
| Q1 25 | 74.8% | 20.3% | ||
| Q4 24 | 75.2% | 19.3% | ||
| Q3 24 | 75.2% | 21.0% | ||
| Q2 24 | 75.7% | 20.2% |
营业利润率CARTRUSHA
| Q1 26 | — | 4.9% | ||
| Q4 25 | 9.9% | 5.5% | ||
| Q3 25 | 17.7% | 5.6% | ||
| Q2 25 | 13.6% | 6.0% | ||
| Q1 25 | 12.3% | 5.2% | ||
| Q4 24 | 17.6% | 5.8% | ||
| Q3 24 | 16.2% | 6.7% | ||
| Q2 24 | 6.3% | 6.4% |
净利率CARTRUSHA
| Q1 26 | — | 3.7% | ||
| Q4 25 | 8.2% | 3.8% | ||
| Q3 25 | 15.3% | 3.7% | ||
| Q2 25 | 12.7% | 3.9% | ||
| Q1 25 | 11.8% | 3.4% | ||
| Q4 24 | 16.8% | 3.9% | ||
| Q3 24 | 13.8% | 4.4% | ||
| Q2 24 | 7.4% | 4.1% |
每股收益（稀释后）CARTRUSHA
| Q1 26 | — | $0.77 | ||
| Q4 25 | $0.31 | $0.81 | ||
| Q3 25 | $0.51 | $0.83 | ||
| Q2 25 | $0.41 | $0.90 | ||
| Q1 25 | $0.37 | $0.73 | ||
| Q4 24 | $0.53 | $-95.13 | ||
| Q3 24 | $0.42 | $0.97 | ||
| Q2 24 | $0.20 | $97.00 |
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 | — | $277.8M |
| 股东权益账面价值 | $2.5B | $2.3B |
| 总资产 | $3.7B | $4.5B |
| 负债/权益比越低杠杆越低 | — | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资CARTRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | $212.6M | ||
| Q3 25 | $1.7B | $242.0M | ||
| Q2 25 | $1.6B | $211.1M | ||
| Q1 25 | $1.6B | $228.7M | ||
| Q4 24 | $1.4B | $228.1M | ||
| Q3 24 | $1.3B | $185.1M | ||
| Q2 24 | $1.4B | $167.3M |
总债务CARTRUSHA
| Q1 26 | — | $277.8M | ||
| Q4 25 | — | $274.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $408.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CARTRUSHA
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $3.5B | $2.2B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.2B | $2.2B | ||
| Q4 24 | $3.1B | $2.1B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B |
总资产CARTRUSHA
| Q1 26 | — | $4.5B | ||
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $4.5B | $4.6B | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.3B | $4.7B | ||
| Q4 24 | $4.1B | $4.6B | ||
| Q3 24 | $3.9B | $4.6B | ||
| Q2 24 | $4.0B | $4.5B |
负债/权益比CARTRUSHA
| Q1 26 | — | 0.12× | ||
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $411.6M |
| 自由现金流率自由现金流/营收 | 17.2% | 24.4% |
| 资本支出强度资本支出/营收 | 1.2% | 2.0% |
| 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 | $828.4M |
8季度趋势，按日历期对齐
经营现金流CARTRUSHA
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $112.9M | ||
| Q3 25 | $287.0M | $367.8M | ||
| Q2 25 | $203.0M | $227.6M | ||
| Q1 25 | $298.0M | $153.5M | ||
| Q4 24 | $153.0M | $392.3M | ||
| Q3 24 | $185.0M | $111.7M | ||
| Q2 24 | $244.0M | $270.6M |
自由现金流CARTRUSHA
| Q1 26 | — | $411.6M | ||
| Q4 25 | $171.0M | $31.9M | ||
| Q3 25 | $272.0M | $271.2M | ||
| Q2 25 | $187.0M | $113.8M | ||
| Q1 25 | $280.0M | $45.1M | ||
| Q4 24 | $141.0M | $263.5M | ||
| Q3 24 | $171.0M | $-20.0M | ||
| Q2 24 | $220.0M | $177.2M |
自由现金流率CARTRUSHA
| Q1 26 | — | 24.4% | ||
| Q4 25 | 17.2% | 1.9% | ||
| Q3 25 | 29.0% | 15.2% | ||
| Q2 25 | 20.5% | 6.2% | ||
| Q1 25 | 31.2% | 2.6% | ||
| Q4 24 | 16.0% | 13.7% | ||
| Q3 24 | 20.1% | -1.1% | ||
| Q2 24 | 26.7% | 9.1% |
资本支出强度CARTRUSHA
| Q1 26 | — | 2.0% | ||
| Q4 25 | 1.2% | 4.8% | ||
| Q3 25 | 1.6% | 5.4% | ||
| Q2 25 | 1.8% | 6.2% | ||
| Q1 25 | 2.0% | 6.2% | ||
| Q4 24 | 1.4% | 6.7% | ||
| Q3 24 | 1.6% | 7.3% | ||
| Q2 24 | 2.9% | 4.8% |
现金转化率CARTRUSHA
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.75× | ||
| Q3 25 | 1.99× | 5.51× | ||
| Q2 25 | 1.75× | 3.14× | ||
| Q1 25 | 2.81× | 2.55× | ||
| Q4 24 | 1.03× | 5.25× | ||
| Q3 24 | 1.57× | 1.41× | ||
| Q2 24 | 4.00× | 3.44× |
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% |
RUSHA
| New and used commercial vehicle sales | $955.1M | 57% |
| Aftermarket products and services sales | $627.2M | 37% |
| Lease and rental sales | $92.3M | 5% |
| Finance and insurance | $5.6M | 0% |
