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Maplebear Inc.（CART）与SSR MINING INC.（SSRM）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SSR MINING INC.的1.9倍（$992.0M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 8.2%，领先26.6%），SSR MINING INC.同比增速更快（61.4% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $106.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% 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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
CART vs SSRM — 直观对比
营收规模更大
CART
是对方的1.9倍
$521.7M
营收增速更快
SSRM
高出49.1%
12.3%
净利率更高
SSRM
高出26.6%
8.2%
自由现金流更多
CART
多$64.6M
$106.4M
两年增速更快
SSRM
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $521.7M |
| 净利润 | $81.0M | $181.5M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 38.8% |
| 净利率 | 8.2% | 34.8% |
| 营收同比 | 12.3% | 61.4% |
| 净利润同比 | -45.3% | 3166.6% |
| 每股收益（稀释后） | $0.31 | $0.84 |
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CARTSSRM
| Q4 25 | $992.0M | $521.7M | ||
| Q3 25 | $939.0M | $385.8M | ||
| Q2 25 | $914.0M | $405.5M | ||
| Q1 25 | $897.0M | $316.6M | ||
| Q4 24 | $883.0M | $323.2M | ||
| Q3 24 | $852.0M | $257.4M | ||
| Q2 24 | $823.0M | $184.8M | ||
| Q1 24 | $820.0M | $230.2M |
净利润CARTSSRM
| Q4 25 | $81.0M | $181.5M | ||
| Q3 25 | $144.0M | $65.4M | ||
| Q2 25 | $116.0M | $90.1M | ||
| Q1 25 | $106.0M | $58.8M | ||
| Q4 24 | $148.0M | $5.6M | ||
| Q3 24 | $118.0M | $10.6M | ||
| Q2 24 | $61.0M | $9.7M | ||
| Q1 24 | $130.0M | $-287.1M |
毛利率CARTSSRM
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | — |
营业利润率CARTSSRM
| Q4 25 | 9.9% | 38.8% | ||
| Q3 25 | 17.7% | 21.6% | ||
| Q2 25 | 13.6% | 26.9% | ||
| Q1 25 | 12.3% | 21.1% | ||
| Q4 24 | 17.6% | 10.6% | ||
| Q3 24 | 16.2% | 3.5% | ||
| Q2 24 | 6.3% | 5.8% | ||
| Q1 24 | 17.6% | -163.5% |
净利率CARTSSRM
| Q4 25 | 8.2% | 34.8% | ||
| Q3 25 | 15.3% | 17.0% | ||
| Q2 25 | 12.7% | 22.2% | ||
| Q1 25 | 11.8% | 18.6% | ||
| Q4 24 | 16.8% | 1.7% | ||
| Q3 24 | 13.8% | 4.1% | ||
| Q2 24 | 7.4% | 5.2% | ||
| Q1 24 | 15.9% | -124.7% |
每股收益（稀释后）CARTSSRM
| Q4 25 | $0.31 | $0.84 | ||
| Q3 25 | $0.51 | $0.31 | ||
| Q2 25 | $0.41 | $0.42 | ||
| Q1 25 | $0.37 | $0.28 | ||
| Q4 24 | $0.53 | $0.03 | ||
| Q3 24 | $0.42 | $0.05 | ||
| Q2 24 | $0.20 | $0.05 | ||
| Q1 24 | $0.43 | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $3.5B |
| 总资产 | $3.7B | $6.1B |
| 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CARTSSRM
| Q4 25 | $687.0M | $575.6M | ||
| Q3 25 | $1.7B | $445.4M | ||
| Q2 25 | $1.6B | $438.5M | ||
| Q1 25 | $1.6B | $341.3M | ||
| Q4 24 | $1.4B | $417.3M | ||
| Q3 24 | $1.3B | $365.8M | ||
| Q2 24 | $1.4B | $384.4M | ||
| Q1 24 | $1.5B | $492.0M |
总债务CARTSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益CARTSSRM
| Q4 25 | $2.5B | $3.5B | ||
| Q3 25 | $3.5B | $3.3B | ||
| Q2 25 | $3.3B | $3.3B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | $3.1B | $3.1B | ||
| Q3 24 | $2.9B | $3.1B | ||
| Q2 24 | $3.0B | $3.1B | ||
| Q1 24 | $3.1B | $3.1B |
总资产CARTSSRM
| Q4 25 | $3.7B | $6.1B | ||
| Q3 25 | $4.5B | $5.9B | ||
| Q2 25 | $4.4B | $5.8B | ||
| Q1 25 | $4.3B | $5.6B | ||
| Q4 24 | $4.1B | $5.2B | ||
| Q3 24 | $3.9B | $5.1B | ||
| Q2 24 | $4.0B | $5.2B | ||
| Q1 24 | $4.1B | $5.3B |
负债/权益比CARTSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 17.2% | 20.4% |
| 资本支出强度资本支出/营收 | 1.2% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.26× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $241.6M |
8季度趋势，按日历期对齐
经营现金流CARTSSRM
| Q4 25 | $183.0M | $172.1M | ||
| Q3 25 | $287.0M | $57.2M | ||
| Q2 25 | $203.0M | $157.8M | ||
| Q1 25 | $298.0M | $84.8M | ||
| Q4 24 | $153.0M | $95.0M | ||
| Q3 24 | $185.0M | $-1.3M | ||
| Q2 24 | $244.0M | $-78.1M | ||
| Q1 24 | $105.0M | $24.6M |
自由现金流CARTSSRM
| Q4 25 | $171.0M | $106.4M | ||
| Q3 25 | $272.0M | $-2.4M | ||
| Q2 25 | $187.0M | $98.4M | ||
| Q1 25 | $280.0M | $39.3M | ||
| Q4 24 | $141.0M | $56.4M | ||
| Q3 24 | $171.0M | $-34.1M | ||
| Q2 24 | $220.0M | $-116.3M | ||
| Q1 24 | $91.0M | $-9.4M |
自由现金流率CARTSSRM
| Q4 25 | 17.2% | 20.4% | ||
| Q3 25 | 29.0% | -0.6% | ||
| Q2 25 | 20.5% | 24.3% | ||
| Q1 25 | 31.2% | 12.4% | ||
| Q4 24 | 16.0% | 17.5% | ||
| Q3 24 | 20.1% | -13.2% | ||
| Q2 24 | 26.7% | -62.9% | ||
| Q1 24 | 11.1% | -4.1% |
资本支出强度CARTSSRM
| Q4 25 | 1.2% | 12.6% | ||
| Q3 25 | 1.6% | 15.4% | ||
| Q2 25 | 1.8% | 14.7% | ||
| Q1 25 | 2.0% | 14.4% | ||
| Q4 24 | 1.4% | 11.9% | ||
| Q3 24 | 1.6% | 12.7% | ||
| Q2 24 | 2.9% | 20.7% | ||
| Q1 24 | 1.7% | 14.8% |
现金转化率CARTSSRM
| Q4 25 | 2.26× | 0.95× | ||
| Q3 25 | 1.99× | 0.87× | ||
| Q2 25 | 1.75× | 1.75× | ||
| Q1 25 | 2.81× | 1.44× | ||
| Q4 24 | 1.03× | 17.10× | ||
| Q3 24 | 1.57× | -0.13× | ||
| Q2 24 | 4.00× | -8.06× | ||
| 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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
