vs
Maplebear Inc.（CART）与Titan Machinery Inc.（TITN）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Titan Machinery Inc.的1.5倍（$992.0M vs $644.5M），Maplebear Inc.净利率更高（8.2% vs 0.2%，领先8.0%），Maplebear Inc.同比增速更快（12.3% vs -5.2%），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -13.0%）
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。
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
CART vs TITN — 直观对比
营收规模更大
CART
是对方的1.5倍
$644.5M
营收增速更快
CART
高出17.5%
-5.2%
净利率更高
CART
高出8.0%
0.2%
两年增速更快
CART
近两年复合增速
-13.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $644.5M |
| 净利润 | $81.0M | $1.2M |
| 毛利率 | 72.3% | 17.2% |
| 营业利润率 | 9.9% | 1.6% |
| 净利率 | 8.2% | 0.2% |
| 营收同比 | 12.3% | -5.2% |
| 净利润同比 | -45.3% | -30.1% |
| 每股收益（稀释后） | $0.31 | $0.05 |
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CARTTITN
| Q4 25 | $992.0M | $644.5M | ||
| Q3 25 | $939.0M | $546.4M | ||
| Q2 25 | $914.0M | $594.3M | ||
| Q1 25 | $897.0M | $759.9M | ||
| Q4 24 | $883.0M | $679.8M | ||
| Q3 24 | $852.0M | $633.7M | ||
| Q2 24 | $823.0M | $628.7M | ||
| Q1 24 | $820.0M | $852.1M |
净利润CARTTITN
| Q4 25 | $81.0M | $1.2M | ||
| Q3 25 | $144.0M | $-6.0M | ||
| Q2 25 | $116.0M | $-13.2M | ||
| Q1 25 | $106.0M | $-43.8M | ||
| Q4 24 | $148.0M | $1.7M | ||
| Q3 24 | $118.0M | $-4.3M | ||
| Q2 24 | $61.0M | $9.4M | ||
| Q1 24 | $130.0M | $24.0M |
毛利率CARTTITN
| Q4 25 | 72.3% | 17.2% | ||
| Q3 25 | 73.7% | 17.1% | ||
| Q2 25 | 74.2% | 15.3% | ||
| Q1 25 | 74.8% | 6.7% | ||
| Q4 24 | 75.2% | 16.3% | ||
| Q3 24 | 75.2% | 17.7% | ||
| Q2 24 | 75.7% | 19.4% | ||
| Q1 24 | 74.9% | 16.6% |
营业利润率CARTTITN
| Q4 25 | 9.9% | 1.6% | ||
| Q3 25 | 17.7% | 0.1% | ||
| Q2 25 | 13.6% | -1.0% | ||
| Q1 25 | 12.3% | -6.0% | ||
| Q4 24 | 17.6% | 1.7% | ||
| Q3 24 | 16.2% | 2.5% | ||
| Q2 24 | 6.3% | 3.6% | ||
| Q1 24 | 17.6% | 4.8% |
净利率CARTTITN
| Q4 25 | 8.2% | 0.2% | ||
| Q3 25 | 15.3% | -1.1% | ||
| Q2 25 | 12.7% | -2.2% | ||
| Q1 25 | 11.8% | -5.8% | ||
| Q4 24 | 16.8% | 0.3% | ||
| Q3 24 | 13.8% | -0.7% | ||
| Q2 24 | 7.4% | 1.5% | ||
| Q1 24 | 15.9% | 2.8% |
每股收益（稀释后）CARTTITN
| Q4 25 | $0.31 | $0.05 | ||
| Q3 25 | $0.51 | $-0.26 | ||
| Q2 25 | $0.41 | $-0.58 | ||
| Q1 25 | $0.37 | $-1.92 | ||
| Q4 24 | $0.53 | $0.07 | ||
| Q3 24 | $0.42 | $-0.19 | ||
| Q2 24 | $0.20 | $0.41 | ||
| Q1 24 | $0.43 | $1.04 |
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 | — |
| 总债务越低越好 | — | $176.6M |
| 股东权益账面价值 | $2.5B | $612.6M |
| 总资产 | $3.7B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资CARTTITN
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
总债务CARTTITN
| Q4 25 | — | $176.6M | ||
| Q3 25 | — | $164.5M | ||
| Q2 25 | — | $165.3M | ||
| Q1 25 | — | $168.7M | ||
| Q4 24 | — | $140.6M | ||
| Q3 24 | — | $126.6M | ||
| Q2 24 | — | $119.3M | ||
| Q1 24 | — | $120.1M |
股东权益CARTTITN
| Q4 25 | $2.5B | $612.6M | ||
| Q3 25 | $3.5B | $610.3M | ||
| Q2 25 | $3.3B | $605.4M | ||
| Q1 25 | $3.2B | $614.1M | ||
| Q4 24 | $3.1B | $668.2M | ||
| Q3 24 | $2.9B | $659.6M | ||
| Q2 24 | $3.0B | $662.6M | ||
| Q1 24 | $3.1B | $657.6M |
总资产CARTTITN
| Q4 25 | $3.7B | $1.8B | ||
| Q3 25 | $4.5B | $1.9B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.3B | $1.8B | ||
| Q4 24 | $4.1B | $2.1B | ||
| Q3 24 | $3.9B | $2.2B | ||
| Q2 24 | $4.0B | $2.1B | ||
| Q1 24 | $4.1B | $2.0B |
负债/权益比CARTTITN
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.18× |
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 | $34.0M |
| 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× | 28.37× |
| 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CARTTITN
| Q4 25 | $183.0M | $34.0M | ||
| Q3 25 | $287.0M | $43.7M | ||
| Q2 25 | $203.0M | $6.2M | ||
| Q1 25 | $298.0M | $126.5M | ||
| Q4 24 | $153.0M | $-8.8M | ||
| Q3 24 | $185.0M | $-15.0M | ||
| Q2 24 | $244.0M | $-32.4M | ||
| Q1 24 | $105.0M | $49.8M |
自由现金流CARTTITN
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流率CARTTITN
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | — |
资本支出强度CARTTITN
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | — |
现金转化率CARTTITN
| Q4 25 | 2.26× | 28.37× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | -5.15× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | -3.43× | ||
| Q1 24 | 0.81× | 2.08× |
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% |
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
