vs
Maplebear Inc.（CART）与TWILIO INC（TWLO）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是Maplebear Inc.的1.4倍（$1.4B vs $992.0M），Maplebear Inc.净利率更高（8.2% vs -3.4%，领先11.5%），TWILIO INC同比增速更快（14.3% vs 12.3%），过去两年TWILIO INC的营收复合增速更高（14.2% 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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
CART vs TWLO — 直观对比
营收规模更大
TWLO
是对方的1.4倍
$992.0M
营收增速更快
TWLO
高出2.0%
12.3%
净利率更高
CART
高出11.5%
-3.4%
两年增速更快
TWLO
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.4B |
| 净利润 | $81.0M | $-45.9M |
| 毛利率 | 72.3% | 48.5% |
| 营业利润率 | 9.9% | 4.2% |
| 净利率 | 8.2% | -3.4% |
| 营收同比 | 12.3% | 14.3% |
| 净利润同比 | -45.3% | -267.7% |
| 每股收益（稀释后） | $0.31 | $-0.28 |
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CARTTWLO
| Q4 25 | $992.0M | $1.4B | ||
| Q3 25 | $939.0M | $1.3B | ||
| Q2 25 | $914.0M | $1.2B | ||
| Q1 25 | $897.0M | $1.2B | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.0B |
净利润CARTTWLO
| Q4 25 | $81.0M | $-45.9M | ||
| Q3 25 | $144.0M | $37.2M | ||
| Q2 25 | $116.0M | $22.4M | ||
| Q1 25 | $106.0M | $20.0M | ||
| Q4 24 | $148.0M | $-12.5M | ||
| Q3 24 | $118.0M | $-9.7M | ||
| Q2 24 | $61.0M | $-31.9M | ||
| Q1 24 | $130.0M | $-55.3M |
毛利率CARTTWLO
| Q4 25 | 72.3% | 48.5% | ||
| Q3 25 | 73.7% | 48.6% | ||
| Q2 25 | 74.2% | 49.1% | ||
| Q1 25 | 74.8% | 49.6% | ||
| Q4 24 | 75.2% | 50.2% | ||
| Q3 24 | 75.2% | 51.0% | ||
| Q2 24 | 75.7% | 51.3% | ||
| Q1 24 | 74.9% | 52.0% |
营业利润率CARTTWLO
| Q4 25 | 9.9% | 4.2% | ||
| Q3 25 | 17.7% | 3.1% | ||
| Q2 25 | 13.6% | 3.0% | ||
| Q1 25 | 12.3% | 2.0% | ||
| Q4 24 | 17.6% | 1.1% | ||
| Q3 24 | 16.2% | -0.4% | ||
| Q2 24 | 6.3% | -1.8% | ||
| Q1 24 | 17.6% | -4.2% |
净利率CARTTWLO
| Q4 25 | 8.2% | -3.4% | ||
| Q3 25 | 15.3% | 2.9% | ||
| Q2 25 | 12.7% | 1.8% | ||
| Q1 25 | 11.8% | 1.7% | ||
| Q4 24 | 16.8% | -1.0% | ||
| Q3 24 | 13.8% | -0.9% | ||
| Q2 24 | 7.4% | -2.9% | ||
| Q1 24 | 15.9% | -5.3% |
每股收益（稀释后）CARTTWLO
| Q4 25 | $0.31 | $-0.28 | ||
| Q3 25 | $0.51 | $0.23 | ||
| Q2 25 | $0.41 | $0.14 | ||
| Q1 25 | $0.37 | $0.12 | ||
| Q4 24 | $0.53 | $-0.10 | ||
| Q3 24 | $0.42 | $-0.06 | ||
| Q2 24 | $0.20 | $-0.19 | ||
| Q1 24 | $0.43 | $-0.31 |
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 | $682.3M |
| 总债务越低越好 | — | $992.3M |
| 股东权益账面价值 | $2.5B | $7.8B |
| 总资产 | $3.7B | $9.8B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资CARTTWLO
| Q4 25 | $687.0M | $682.3M | ||
| Q3 25 | $1.7B | $734.8M | ||
| Q2 25 | $1.6B | $969.2M | ||
| Q1 25 | $1.6B | $467.1M | ||
| Q4 24 | $1.4B | $421.3M | ||
| Q3 24 | $1.3B | $584.0M | ||
| Q2 24 | $1.4B | $755.1M | ||
| Q1 24 | $1.5B | $672.6M |
总债务CARTTWLO
| Q4 25 | — | $992.3M | ||
| Q3 25 | — | $991.9M | ||
| Q2 25 | — | $991.4M | ||
| Q1 25 | — | $991.0M | ||
| Q4 24 | — | $990.6M | ||
| Q3 24 | — | $990.2M | ||
| Q2 24 | — | $989.8M | ||
| Q1 24 | — | $989.4M |
股东权益CARTTWLO
| Q4 25 | $2.5B | $7.8B | ||
| Q3 25 | $3.5B | $7.9B | ||
| Q2 25 | $3.3B | $8.0B | ||
| Q1 25 | $3.2B | $8.0B | ||
| Q4 24 | $3.1B | $8.0B | ||
| Q3 24 | $2.9B | $8.2B | ||
| Q2 24 | $3.0B | $8.7B | ||
| Q1 24 | $3.1B | $9.4B |
总资产CARTTWLO
| Q4 25 | $3.7B | $9.8B | ||
| Q3 25 | $4.5B | $9.7B | ||
| Q2 25 | $4.4B | $9.8B | ||
| Q1 25 | $4.3B | $9.8B | ||
| Q4 24 | $4.1B | $9.9B | ||
| Q3 24 | $3.9B | $10.0B | ||
| Q2 24 | $4.0B | $10.5B | ||
| Q1 24 | $4.1B | $11.3B |
负债/权益比CARTTWLO
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | 0.10× |
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 | $271.6M |
| 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CARTTWLO
| Q4 25 | $183.0M | $271.6M | ||
| Q3 25 | $287.0M | $263.6M | ||
| Q2 25 | $203.0M | $277.1M | ||
| Q1 25 | $298.0M | $191.0M | ||
| Q4 24 | $153.0M | $108.4M | ||
| Q3 24 | $185.0M | $204.3M | ||
| Q2 24 | $244.0M | $213.3M | ||
| Q1 24 | $105.0M | $190.1M |
自由现金流CARTTWLO
| 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CARTTWLO
| 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CARTTWLO
| 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CARTTWLO
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 7.08× | ||
| Q2 25 | 1.75× | 12.36× | ||
| Q1 25 | 2.81× | 9.54× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| 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% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
