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Maplebear Inc.（CART）与STEWART INFORMATION SERVICES CORP（STC）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STEWART INFORMATION SERVICES CORP的1.3倍（$992.0M vs $764.6M），Maplebear Inc.净利率更高（8.2% vs 2.2%，领先5.9%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 12.3%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
CART vs STC — 直观对比
营收规模更大
CART
是对方的1.3倍
$764.6M
营收增速更快
STC
高出15.3%
12.3%
净利率更高
CART
高出5.9%
2.2%
两年增速更快
STC
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $764.6M |
| 净利润 | $81.0M | $17.0M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | — |
| 净利率 | 8.2% | 2.2% |
| 营收同比 | 12.3% | 27.7% |
| 净利润同比 | -45.3% | 448.4% |
| 每股收益（稀释后） | $0.31 | — |
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CARTSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $992.0M | $790.6M | ||
| Q3 25 | $939.0M | $796.9M | ||
| Q2 25 | $914.0M | $722.2M | ||
| Q1 25 | $897.0M | $612.0M | ||
| Q4 24 | $883.0M | $665.9M | ||
| Q3 24 | $852.0M | $667.9M | ||
| Q2 24 | $823.0M | $602.2M |
净利润CARTSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $81.0M | $36.3M | ||
| Q3 25 | $144.0M | $44.3M | ||
| Q2 25 | $116.0M | $31.9M | ||
| Q1 25 | $106.0M | $3.1M | ||
| Q4 24 | $148.0M | $22.7M | ||
| Q3 24 | $118.0M | $30.1M | ||
| Q2 24 | $61.0M | $17.3M |
毛利率CARTSTC
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 6.5% | ||
| Q3 25 | 17.7% | 7.7% | ||
| Q2 25 | 13.6% | 6.5% | ||
| Q1 25 | 12.3% | 1.0% | ||
| Q4 24 | 17.6% | 5.3% | ||
| Q3 24 | 16.2% | 6.4% | ||
| Q2 24 | 6.3% | 4.8% |
净利率CARTSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 8.2% | 4.6% | ||
| Q3 25 | 15.3% | 5.6% | ||
| Q2 25 | 12.7% | 4.4% | ||
| Q1 25 | 11.8% | 0.5% | ||
| Q4 24 | 16.8% | 3.4% | ||
| Q3 24 | 13.8% | 4.5% | ||
| Q2 24 | 7.4% | 2.9% |
每股收益（稀释后）CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | $0.31 | $1.26 | ||
| Q3 25 | $0.51 | $1.55 | ||
| Q2 25 | $0.41 | $1.13 | ||
| Q1 25 | $0.37 | $0.11 | ||
| Q4 24 | $0.53 | $0.81 | ||
| Q3 24 | $0.42 | $1.07 | ||
| Q2 24 | $0.20 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | — |
| 总资产 | $3.7B | — |
| 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CARTSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $687.0M | $369.7M | ||
| Q3 25 | $1.7B | $233.2M | ||
| Q2 25 | $1.6B | $223.8M | ||
| Q1 25 | $1.6B | $194.2M | ||
| Q4 24 | $1.4B | $257.5M | ||
| Q3 24 | $1.3B | $228.7M | ||
| Q2 24 | $1.4B | $176.7M |
总债务CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.2B | $1.4B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B |
总资产CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $4.3B | $2.7B | ||
| Q4 24 | $4.1B | $2.7B | ||
| Q3 24 | $3.9B | $2.7B | ||
| Q2 24 | $4.0B | $2.6B |
负债/权益比CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| 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 | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $89.5M | ||
| Q3 25 | $287.0M | $92.6M | ||
| Q2 25 | $203.0M | $53.4M | ||
| Q1 25 | $298.0M | $-29.9M | ||
| Q4 24 | $153.0M | $68.0M | ||
| Q3 24 | $185.0M | $76.1M | ||
| Q2 24 | $244.0M | $21.1M |
自由现金流CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $62.3M | ||
| Q3 25 | $272.0M | $73.6M | ||
| Q2 25 | $187.0M | $38.7M | ||
| Q1 25 | $280.0M | $-42.2M | ||
| Q4 24 | $141.0M | $55.6M | ||
| Q3 24 | $171.0M | $67.4M | ||
| Q2 24 | $220.0M | $11.9M |
自由现金流率CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 7.9% | ||
| Q3 25 | 29.0% | 9.2% | ||
| Q2 25 | 20.5% | 5.4% | ||
| Q1 25 | 31.2% | -6.9% | ||
| Q4 24 | 16.0% | 8.4% | ||
| Q3 24 | 20.1% | 10.1% | ||
| Q2 24 | 26.7% | 2.0% |
资本支出强度CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.4% | ||
| Q3 25 | 1.6% | 2.4% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 2.0% | 2.0% | ||
| Q4 24 | 1.4% | 1.9% | ||
| Q3 24 | 1.6% | 1.3% | ||
| Q2 24 | 2.9% | 1.5% |
现金转化率CARTSTC
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 2.47× | ||
| Q3 25 | 1.99× | 2.09× | ||
| Q2 25 | 1.75× | 1.67× | ||
| Q1 25 | 2.81× | -9.73× | ||
| Q4 24 | 1.03× | 2.99× | ||
| Q3 24 | 1.57× | 2.53× | ||
| Q2 24 | 4.00× | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
