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Maplebear Inc.（CART）与SERVICE CORP INTERNATIONAL（SCI）财务数据对比。点击上方公司名可切换其他公司
SERVICE CORP INTERNATIONAL的季度营收约是Maplebear Inc.的1.1倍（$1.1B vs $992.0M），SERVICE CORP INTERNATIONAL净利率更高（14.3% vs 8.2%，领先6.2%），Maplebear Inc.同比增速更快（12.3% vs 1.7%），Maplebear Inc.自由现金流更多（$171.0M vs $87.2M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 3.1%）
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。
国际配送服务有限公司（IDS）是英国邮政及快递服务提供商，2013年由英国政府设立，作为皇家邮政的控股母公司，多数股权随后在伦敦证券交易所公开发售，当时政府保留30%股份。截至2025年4月，该公司由丹尼尔·克雷廷斯基旗下捷克EP集团持有运营。
CART vs SCI — 直观对比
营收规模更大
SCI
是对方的1.1倍
$992.0M
营收增速更快
CART
高出10.7%
1.7%
净利率更高
SCI
高出6.2%
8.2%
自由现金流更多
CART
多$83.8M
$87.2M
两年增速更快
CART
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.1B |
| 净利润 | $81.0M | $159.4M |
| 毛利率 | 72.3% | 28.0% |
| 营业利润率 | 9.9% | 24.8% |
| 净利率 | 8.2% | 14.3% |
| 营收同比 | 12.3% | 1.7% |
| 净利润同比 | -45.3% | 5.3% |
| 每股收益（稀释后） | $0.31 | $1.13 |
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CARTSCI
| Q4 25 | $992.0M | $1.1B | ||
| Q3 25 | $939.0M | $1.1B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.1B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.0B | ||
| Q2 24 | $823.0M | $1.0B | ||
| Q1 24 | $820.0M | $1.0B |
净利润CARTSCI
| Q4 25 | $81.0M | $159.4M | ||
| Q3 25 | $144.0M | $117.5M | ||
| Q2 25 | $116.0M | $122.9M | ||
| Q1 25 | $106.0M | $142.9M | ||
| Q4 24 | $148.0M | $151.4M | ||
| Q3 24 | $118.0M | $117.8M | ||
| Q2 24 | $61.0M | $118.2M | ||
| Q1 24 | $130.0M | $131.3M |
毛利率CARTSCI
| Q4 25 | 72.3% | 28.0% | ||
| Q3 25 | 73.7% | 25.1% | ||
| Q2 25 | 74.2% | 25.5% | ||
| Q1 25 | 74.8% | 27.1% | ||
| Q4 24 | 75.2% | 28.0% | ||
| Q3 24 | 75.2% | 24.9% | ||
| Q2 24 | 75.7% | 24.9% | ||
| Q1 24 | 74.9% | 26.2% |
营业利润率CARTSCI
| Q4 25 | 9.9% | 24.8% | ||
| Q3 25 | 17.7% | 21.4% | ||
| Q2 25 | 13.6% | 21.1% | ||
| Q1 25 | 12.3% | 23.4% | ||
| Q4 24 | 17.6% | 24.0% | ||
| Q3 24 | 16.2% | 20.9% | ||
| Q2 24 | 6.3% | 21.4% | ||
| Q1 24 | 17.6% | 22.2% |
净利率CARTSCI
| Q4 25 | 8.2% | 14.3% | ||
| Q3 25 | 15.3% | 11.1% | ||
| Q2 25 | 12.7% | 11.5% | ||
| Q1 25 | 11.8% | 13.3% | ||
| Q4 24 | 16.8% | 13.8% | ||
| Q3 24 | 13.8% | 11.6% | ||
| Q2 24 | 7.4% | 11.4% | ||
| Q1 24 | 15.9% | 12.6% |
每股收益（稀释后）CARTSCI
| Q4 25 | $0.31 | $1.13 | ||
| Q3 25 | $0.51 | $0.83 | ||
| Q2 25 | $0.41 | $0.86 | ||
| Q1 25 | $0.37 | $0.98 | ||
| Q4 24 | $0.53 | $1.02 | ||
| Q3 24 | $0.42 | $0.81 | ||
| Q2 24 | $0.20 | $0.81 | ||
| Q1 24 | $0.43 | $0.89 |
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 | $243.6M |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $2.5B | $1.6B |
| 总资产 | $3.7B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 3.10× |
8季度趋势，按日历期对齐
现金及短期投资CARTSCI
| Q4 25 | $687.0M | $243.6M | ||
| Q3 25 | $1.7B | $241.3M | ||
| Q2 25 | $1.6B | $255.4M | ||
| Q1 25 | $1.6B | $227.2M | ||
| Q4 24 | $1.4B | $218.8M | ||
| Q3 24 | $1.3B | $185.4M | ||
| Q2 24 | $1.4B | $184.4M | ||
| Q1 24 | $1.5B | $205.6M |
总债务CARTSCI
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | — | $4.6B |
股东权益CARTSCI
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $3.5B | $1.6B | ||
| Q2 25 | $3.3B | $1.6B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $3.1B | $1.6B |
总资产CARTSCI
| Q4 25 | $3.7B | $18.7B | ||
| Q3 25 | $4.5B | $18.4B | ||
| Q2 25 | $4.4B | $18.0B | ||
| Q1 25 | $4.3B | $17.3B | ||
| Q4 24 | $4.1B | $17.4B | ||
| Q3 24 | $3.9B | $17.4B | ||
| Q2 24 | $4.0B | $16.8B | ||
| Q1 24 | $4.1B | $16.7B |
负债/权益比CARTSCI
| Q4 25 | — | 3.10× | ||
| Q3 25 | — | 3.17× | ||
| Q2 25 | — | 3.19× | ||
| Q1 25 | — | 2.87× | ||
| Q4 24 | — | 2.83× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.05× | ||
| Q1 24 | — | 2.90× |
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 | $212.9M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $87.2M |
| 自由现金流率自由现金流/营收 | 17.2% | 7.8% |
| 资本支出强度资本支出/营收 | 1.2% | 11.3% |
| 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 | $554.2M |
8季度趋势，按日历期对齐
经营现金流CARTSCI
| Q4 25 | $183.0M | $212.9M | ||
| Q3 25 | $287.0M | $252.3M | ||
| Q2 25 | $203.0M | $166.4M | ||
| Q1 25 | $298.0M | $311.1M | ||
| Q4 24 | $153.0M | $264.1M | ||
| Q3 24 | $185.0M | $263.8M | ||
| Q2 24 | $244.0M | $196.9M | ||
| Q1 24 | $105.0M | $220.1M |
自由现金流CARTSCI
| Q4 25 | $171.0M | $87.2M | ||
| Q3 25 | $272.0M | $150.7M | ||
| Q2 25 | $187.0M | $83.4M | ||
| Q1 25 | $280.0M | $233.0M | ||
| Q4 24 | $141.0M | $151.8M | ||
| Q3 24 | $171.0M | $162.8M | ||
| Q2 24 | $220.0M | $100.8M | ||
| Q1 24 | $91.0M | $140.3M |
自由现金流率CARTSCI
| Q4 25 | 17.2% | 7.8% | ||
| Q3 25 | 29.0% | 14.2% | ||
| Q2 25 | 20.5% | 7.8% | ||
| Q1 25 | 31.2% | 21.7% | ||
| Q4 24 | 16.0% | 13.9% | ||
| Q3 24 | 20.1% | 16.1% | ||
| Q2 24 | 26.7% | 9.7% | ||
| Q1 24 | 11.1% | 13.4% |
资本支出强度CARTSCI
| Q4 25 | 1.2% | 11.3% | ||
| Q3 25 | 1.6% | 9.6% | ||
| Q2 25 | 1.8% | 7.8% | ||
| Q1 25 | 2.0% | 7.3% | ||
| Q4 24 | 1.4% | 10.3% | ||
| Q3 24 | 1.6% | 10.0% | ||
| Q2 24 | 2.9% | 9.3% | ||
| Q1 24 | 1.7% | 7.6% |
现金转化率CARTSCI
| Q4 25 | 2.26× | 1.34× | ||
| Q3 25 | 1.99× | 2.15× | ||
| Q2 25 | 1.75× | 1.35× | ||
| Q1 25 | 2.81× | 2.18× | ||
| Q4 24 | 1.03× | 1.75× | ||
| Q3 24 | 1.57× | 2.24× | ||
| Q2 24 | 4.00× | 1.67× | ||
| Q1 24 | 0.81× | 1.68× |
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% |
SCI
| Cemetery | $510.9M | 46% |
| Funeral Matured Preneed Revenue | $196.5M | 18% |
| Cemetery Recognized Preneed Merchandise And Service Revenue | $107.4M | 10% |
| Cemetery Atneed Revenue | $104.9M | 9% |
| CA | $56.4M | 5% |
| Funeral Other Revenue | $54.6M | 5% |
| Cemetery Other Revenue | $40.2M | 4% |
| Nonfuneral Home Revenue | $28.1M | 3% |
| Non Funeral Home Preneed Sales Revenue | $22.0M | 2% |
