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Maplebear Inc.（CART）与Rackspace Technology, Inc.（RXT）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Rackspace Technology, Inc.的1.5倍（$992.0M vs $682.8M），Maplebear Inc.净利率更高（8.2% vs -4.8%，领先13.0%），Maplebear Inc.同比增速更快（12.3% vs -0.4%），Maplebear Inc.自由现金流更多（$171.0M vs $56.0M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -0.6%）
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。
Rackspace Technology, Inc.是总部位于美国得克萨斯州圣安东尼奥的云计算企业，在弗吉尼亚州雷斯顿以及澳大利亚、加拿大、英国、印度、迪拜、瑞士、荷兰、德国、新加坡、墨西哥、中国香港等多个国家和地区设有办事处，数据中心分布于全球多个主要城市，为客户提供专业的云计算相关服务。
CART vs RXT — 直观对比
营收规模更大
CART
是对方的1.5倍
$682.8M
营收增速更快
CART
高出12.8%
-0.4%
净利率更高
CART
高出13.0%
-4.8%
自由现金流更多
CART
多$115.0M
$56.0M
两年增速更快
CART
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $682.8M |
| 净利润 | $81.0M | $-32.7M |
| 毛利率 | 72.3% | 17.6% |
| 营业利润率 | 9.9% | -0.5% |
| 净利率 | 8.2% | -4.8% |
| 营收同比 | 12.3% | -0.4% |
| 净利润同比 | -45.3% | 41.6% |
| 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CARTRXT
| Q4 25 | $992.0M | $682.8M | ||
| Q3 25 | $939.0M | $671.2M | ||
| Q2 25 | $914.0M | $666.3M | ||
| Q1 25 | $897.0M | $665.4M | ||
| Q4 24 | $883.0M | $685.6M | ||
| Q3 24 | $852.0M | $675.8M | ||
| Q2 24 | $823.0M | $684.9M | ||
| Q1 24 | $820.0M | $690.8M |
净利润CARTRXT
| Q4 25 | $81.0M | $-32.7M | ||
| Q3 25 | $144.0M | $-67.1M | ||
| Q2 25 | $116.0M | $-54.5M | ||
| Q1 25 | $106.0M | $-71.5M | ||
| Q4 24 | $148.0M | $-56.0M | ||
| Q3 24 | $118.0M | $-186.6M | ||
| Q2 24 | $61.0M | $25.0M | ||
| Q1 24 | $130.0M | $-640.6M |
毛利率CARTRXT
| Q4 25 | 72.3% | 17.6% | ||
| Q3 25 | 73.7% | 19.4% | ||
| Q2 25 | 74.2% | 19.4% | ||
| Q1 25 | 74.8% | 19.1% | ||
| Q4 24 | 75.2% | 19.2% | ||
| Q3 24 | 75.2% | 20.3% | ||
| Q2 24 | 75.7% | 19.2% | ||
| Q1 24 | 74.9% | 19.2% |
营业利润率CARTRXT
| Q4 25 | 9.9% | -0.5% | ||
| Q3 25 | 17.7% | -5.1% | ||
| Q2 25 | 13.6% | -3.8% | ||
| Q1 25 | 12.3% | -5.8% | ||
| Q4 24 | 17.6% | -4.2% | ||
| Q3 24 | 16.2% | -25.7% | ||
| Q2 24 | 6.3% | -7.9% | ||
| Q1 24 | 17.6% | -94.5% |
净利率CARTRXT
| Q4 25 | 8.2% | -4.8% | ||
| Q3 25 | 15.3% | -10.0% | ||
| Q2 25 | 12.7% | -8.2% | ||
| Q1 25 | 11.8% | -10.7% | ||
| Q4 24 | 16.8% | -8.2% | ||
| Q3 24 | 13.8% | -27.6% | ||
| Q2 24 | 7.4% | 3.7% | ||
| Q1 24 | 15.9% | -92.7% |
每股收益（稀释后）CARTRXT
| Q4 25 | $0.31 | $-0.13 | ||
| Q3 25 | $0.51 | $-0.28 | ||
| Q2 25 | $0.41 | $-0.23 | ||
| Q1 25 | $0.37 | $-0.31 | ||
| Q4 24 | $0.53 | $-0.20 | ||
| Q3 24 | $0.42 | $-0.82 | ||
| Q2 24 | $0.20 | $0.11 | ||
| Q1 24 | $0.43 | $-2.91 |
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 | $105.8M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.5B | $-1.2B |
| 总资产 | $3.7B | $2.8B |
| 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CARTRXT
| Q4 25 | $687.0M | $105.8M | ||
| Q3 25 | $1.7B | $99.5M | ||
| Q2 25 | $1.6B | $103.9M | ||
| Q1 25 | $1.6B | $128.0M | ||
| Q4 24 | $1.4B | $144.0M | ||
| Q3 24 | $1.3B | $157.1M | ||
| Q2 24 | $1.4B | $190.2M | ||
| Q1 24 | $1.5B | $282.6M |
总债务CARTRXT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $3.0B |
股东权益CARTRXT
| Q4 25 | $2.5B | $-1.2B | ||
| Q3 25 | $3.5B | $-1.2B | ||
| Q2 25 | $3.3B | $-1.1B | ||
| Q1 25 | $3.2B | $-1.1B | ||
| Q4 24 | $3.1B | $-1.0B | ||
| Q3 24 | $2.9B | $-949.7M | ||
| Q2 24 | $3.0B | $-756.2M | ||
| Q1 24 | $3.1B | $-787.2M |
总资产CARTRXT
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.3B | $3.0B | ||
| Q4 24 | $4.1B | $3.1B | ||
| Q3 24 | $3.9B | $3.1B | ||
| Q2 24 | $4.0B | $3.4B | ||
| Q1 24 | $4.1B | $3.5B |
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 | $59.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $56.0M |
| 自由现金流率自由现金流/营收 | 17.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.2% | 0.5% |
| 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 | $90.6M |
8季度趋势，按日历期对齐
经营现金流CARTRXT
| Q4 25 | $183.0M | $59.7M | ||
| Q3 25 | $287.0M | $70.7M | ||
| Q2 25 | $203.0M | $8.4M | ||
| Q1 25 | $298.0M | $12.6M | ||
| Q4 24 | $153.0M | $54.3M | ||
| Q3 24 | $185.0M | $51.8M | ||
| Q2 24 | $244.0M | $24.1M | ||
| Q1 24 | $105.0M | $-90.3M |
自由现金流CARTRXT
| Q4 25 | $171.0M | $56.0M | ||
| Q3 25 | $272.0M | $42.7M | ||
| Q2 25 | $187.0M | $-12.4M | ||
| Q1 25 | $280.0M | $4.3M | ||
| Q4 24 | $141.0M | $34.4M | ||
| Q3 24 | $171.0M | $27.3M | ||
| Q2 24 | $220.0M | $-14.5M | ||
| Q1 24 | $91.0M | $-118.4M |
自由现金流率CARTRXT
| Q4 25 | 17.2% | 8.2% | ||
| Q3 25 | 29.0% | 6.4% | ||
| Q2 25 | 20.5% | -1.9% | ||
| Q1 25 | 31.2% | 0.6% | ||
| Q4 24 | 16.0% | 5.0% | ||
| Q3 24 | 20.1% | 4.0% | ||
| Q2 24 | 26.7% | -2.1% | ||
| Q1 24 | 11.1% | -17.1% |
资本支出强度CARTRXT
| Q4 25 | 1.2% | 0.5% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 1.4% | 2.9% | ||
| Q3 24 | 1.6% | 3.6% | ||
| Q2 24 | 2.9% | 5.6% | ||
| Q1 24 | 1.7% | 4.1% |
现金转化率CARTRXT
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 0.96× | ||
| 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% |
RXT
| Public Cloud Services Segment | $442.2M | 65% |
| Private Cloud Service Segment | $240.6M | 35% |
