vs
Maplebear Inc.（CART）与SONOCO PRODUCTS CO（SON）财务数据对比。点击上方公司名可切换其他公司
SONOCO PRODUCTS CO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 4.1%，领先4.1%），Maplebear Inc.同比增速更快（12.3% vs -1.9%），Maplebear Inc.自由现金流更多（$171.0M vs $-428.3B），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 1.2%）
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。
索诺科产品公司是美国多元化包装服务商，主营消费包装、工业产品、防护包装及包装供应链服务，是全球最大的复合罐、纸管和纸芯生产商。公司成立于1889年，年净销售额约73亿美元，在33个国家设有超335个运营点，员工1.99万名，业务覆盖超85个国家，总部位于南卡罗来纳州哈茨维尔。
CART vs SON — 直观对比
营收规模更大
SON
是对方的1.7倍
$992.0M
营收增速更快
CART
高出14.3%
-1.9%
净利率更高
CART
高出4.1%
4.1%
自由现金流更多
CART
多$428.5B
$-428.3B
两年增速更快
CART
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.7B |
| 净利润 | $81.0M | $68.0M |
| 毛利率 | 72.3% | 20.6% |
| 营业利润率 | 9.9% | 7.6% |
| 净利率 | 8.2% | 4.1% |
| 营收同比 | 12.3% | -1.9% |
| 净利润同比 | -45.3% | 25.9% |
| 每股收益（稀释后） | $0.31 | $0.68 |
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CARTSON
| Q1 26 | — | $1.7B | ||
| Q4 25 | $992.0M | $1.8B | ||
| Q3 25 | $939.0M | $2.1B | ||
| Q2 25 | $914.0M | $1.9B | ||
| Q1 25 | $897.0M | $1.7B | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $852.0M | $1.7B | ||
| Q2 24 | $823.0M | $1.6B |
净利润CARTSON
| Q1 26 | — | $68.0M | ||
| Q4 25 | $81.0M | $332.2M | ||
| Q3 25 | $144.0M | $122.9M | ||
| Q2 25 | $116.0M | $493.4M | ||
| Q1 25 | $106.0M | $54.4M | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | $50.9M | ||
| Q2 24 | $61.0M | $90.8M |
毛利率CARTSON
| Q1 26 | — | 20.6% | ||
| Q4 25 | 72.3% | 19.6% | ||
| Q3 25 | 73.7% | 21.9% | ||
| Q2 25 | 74.2% | 21.3% | ||
| Q1 25 | 74.8% | 20.7% | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | 21.4% | ||
| Q2 24 | 75.7% | 22.0% |
营业利润率CARTSON
| Q1 26 | — | 7.6% | ||
| Q4 25 | 9.9% | 29.4% | ||
| Q3 25 | 17.7% | 9.1% | ||
| Q2 25 | 13.6% | 9.2% | ||
| Q1 25 | 12.3% | 7.4% | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | 7.6% | ||
| Q2 24 | 6.3% | 8.6% |
净利率CARTSON
| Q1 26 | — | 4.1% | ||
| Q4 25 | 8.2% | 18.8% | ||
| Q3 25 | 15.3% | 5.8% | ||
| Q2 25 | 12.7% | 25.8% | ||
| Q1 25 | 11.8% | 3.2% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | 3.0% | ||
| Q2 24 | 7.4% | 5.6% |
每股收益（稀释后）CARTSON
| Q1 26 | — | $0.68 | ||
| Q4 25 | $0.31 | $3.33 | ||
| Q3 25 | $0.51 | $1.23 | ||
| Q2 25 | $0.41 | $4.96 | ||
| Q1 25 | $0.37 | $0.55 | ||
| Q4 24 | $0.53 | — | ||
| Q3 24 | $0.42 | $0.51 | ||
| Q2 24 | $0.20 | $0.92 |
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 | $224.5M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.5B | $3.6B |
| 总资产 | $3.7B | $11.1B |
| 负债/权益比越低杠杆越低 | — | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资CARTSON
| Q1 26 | — | $224.5M | ||
| Q4 25 | $687.0M | $378.4M | ||
| Q3 25 | $1.7B | $244.9M | ||
| Q2 25 | $1.6B | $329.8M | ||
| Q1 25 | $1.6B | $181.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.4B | $140.2M |
总债务CARTSON
| Q1 26 | — | $3.5B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $2.5B |
股东权益CARTSON
| Q1 26 | — | $3.6B | ||
| Q4 25 | $2.5B | $3.6B | ||
| Q3 25 | $3.5B | $3.3B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.2B | $2.4B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $2.9B | $2.5B | ||
| Q2 24 | $3.0B | $2.4B |
总资产CARTSON
| Q1 26 | — | $11.1B | ||
| Q4 25 | $3.7B | $11.2B | ||
| Q3 25 | $4.5B | $11.7B | ||
| Q2 25 | $4.4B | $12.0B | ||
| Q1 25 | $4.3B | $12.7B | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.9B | $9.0B | ||
| Q2 24 | $4.0B | $7.2B |
负债/权益比CARTSON
| Q1 26 | — | 0.97× | ||
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.04× |
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 | $-428.3B |
| 自由现金流率自由现金流/营收 | 17.2% | -25547.4% |
| 资本支出强度资本支出/营收 | 1.2% | 3600.5% |
| 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 | $-427.6B |
8季度趋势，按日历期对齐
经营现金流CARTSON
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $412.9M | ||
| Q3 25 | $287.0M | $291.5M | ||
| Q2 25 | $203.0M | $193.4M | ||
| Q1 25 | $298.0M | $-208.1M | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $185.0M | $162.1M | ||
| Q2 24 | $244.0M | $109.3M |
自由现金流CARTSON
| Q1 26 | — | $-428.3B | ||
| Q4 25 | $171.0M | $322.3M | ||
| Q3 25 | $272.0M | $225.6M | ||
| Q2 25 | $187.0M | $98.6M | ||
| Q1 25 | $280.0M | $-300.8M | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | $70.5M | ||
| Q2 24 | $220.0M | $16.0M |
自由现金流率CARTSON
| Q1 26 | — | -25547.4% | ||
| Q4 25 | 17.2% | 18.2% | ||
| Q3 25 | 29.0% | 10.6% | ||
| Q2 25 | 20.5% | 5.2% | ||
| Q1 25 | 31.2% | -17.6% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | 4.2% | ||
| Q2 24 | 26.7% | 1.0% |
资本支出强度CARTSON
| Q1 26 | — | 3600.5% | ||
| Q4 25 | 1.2% | 5.1% | ||
| Q3 25 | 1.6% | 3.1% | ||
| Q2 25 | 1.8% | 5.0% | ||
| Q1 25 | 2.0% | 5.4% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | 5.5% | ||
| Q2 24 | 2.9% | 5.7% |
现金转化率CARTSON
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.24× | ||
| Q3 25 | 1.99× | 2.37× | ||
| Q2 25 | 1.75× | 0.39× | ||
| Q1 25 | 2.81× | -3.82× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 3.18× | ||
| Q2 24 | 4.00× | 1.20× |
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% |
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
