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Maplebear Inc.（CART）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是Maplebear Inc.的1.9倍（$1.9B vs $992.0M），Vulcan Materials Company净利率更高（13.2% vs 8.2%，领先5.0%），Maplebear Inc.同比增速更快（12.3% vs 3.2%），Vulcan Materials Company自由现金流更多（$358.2M vs $171.0M），过去两年Vulcan Materials Company的营收复合增速更高（11.2% 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。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
CART vs VMC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.9B |
| 净利润 | $81.0M | $252.0M |
| 毛利率 | 72.3% | 25.5% |
| 营业利润率 | 9.9% | 19.8% |
| 净利率 | 8.2% | 13.2% |
| 营收同比 | 12.3% | 3.2% |
| 净利润同比 | -45.3% | -14.2% |
| 每股收益（稀释后） | $0.31 | $1.90 |
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
| Q4 25 | $992.0M | $1.9B | ||
| Q3 25 | $939.0M | $2.3B | ||
| Q2 25 | $914.0M | $2.1B | ||
| Q1 25 | $897.0M | $1.6B | ||
| Q4 24 | $883.0M | $1.9B | ||
| Q3 24 | $852.0M | $2.0B | ||
| Q2 24 | $823.0M | $2.0B | ||
| Q1 24 | $820.0M | $1.5B |
| Q4 25 | $81.0M | $252.0M | ||
| Q3 25 | $144.0M | $374.9M | ||
| Q2 25 | $116.0M | $320.9M | ||
| Q1 25 | $106.0M | $128.9M | ||
| Q4 24 | $148.0M | $293.6M | ||
| Q3 24 | $118.0M | $207.6M | ||
| Q2 24 | $61.0M | $308.0M | ||
| Q1 24 | $130.0M | $102.7M |
| Q4 25 | 72.3% | 25.5% | ||
| Q3 25 | 73.7% | 30.4% | ||
| Q2 25 | 74.2% | 29.7% | ||
| Q1 25 | 74.8% | 22.3% | ||
| Q4 24 | 75.2% | 29.0% | ||
| Q3 24 | 75.2% | 28.2% | ||
| Q2 24 | 75.7% | 29.4% | ||
| Q1 24 | 74.9% | 19.7% |
| Q4 25 | 9.9% | 19.8% | ||
| Q3 25 | 17.7% | 23.7% | ||
| Q2 25 | 13.6% | 22.4% | ||
| Q1 25 | 12.3% | 13.9% | ||
| Q4 24 | 17.6% | 21.6% | ||
| Q3 24 | 16.2% | 16.8% | ||
| Q2 24 | 6.3% | 22.5% | ||
| Q1 24 | 17.6% | 11.2% |
| Q4 25 | 8.2% | 13.2% | ||
| Q3 25 | 15.3% | 16.4% | ||
| Q2 25 | 12.7% | 15.3% | ||
| Q1 25 | 11.8% | 7.9% | ||
| Q4 24 | 16.8% | 15.8% | ||
| Q3 24 | 13.8% | 10.4% | ||
| Q2 24 | 7.4% | 15.3% | ||
| Q1 24 | 15.9% | 6.6% |
| Q4 25 | $0.31 | $1.90 | ||
| Q3 25 | $0.51 | $2.82 | ||
| Q2 25 | $0.41 | $2.42 | ||
| Q1 25 | $0.37 | $0.97 | ||
| Q4 24 | $0.53 | $2.21 | ||
| Q3 24 | $0.42 | $1.56 | ||
| Q2 24 | $0.20 | $2.31 | ||
| Q1 24 | $0.43 | $0.77 |
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 | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $2.5B | $8.5B |
| 总资产 | $3.7B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
| Q4 25 | $687.0M | $183.3M | ||
| Q3 25 | $1.7B | $191.3M | ||
| Q2 25 | $1.6B | $347.4M | ||
| Q1 25 | $1.6B | $181.3M | ||
| Q4 24 | $1.4B | $559.7M | ||
| Q3 24 | $1.3B | $433.2M | ||
| Q2 24 | $1.4B | $111.0M | ||
| Q1 24 | $1.5B | $292.4M |
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
| Q4 25 | $2.5B | $8.5B | ||
| Q3 25 | $3.5B | $8.7B | ||
| Q2 25 | $3.3B | $8.4B | ||
| Q1 25 | $3.2B | $8.1B | ||
| Q4 24 | $3.1B | $8.1B | ||
| Q3 24 | $2.9B | $7.9B | ||
| Q2 24 | $3.0B | $7.7B | ||
| Q1 24 | $3.1B | $7.5B |
| Q4 25 | $3.7B | $16.7B | ||
| Q3 25 | $4.5B | $17.0B | ||
| Q2 25 | $4.4B | $17.0B | ||
| Q1 25 | $4.3B | $16.7B | ||
| Q4 24 | $4.1B | $17.1B | ||
| Q3 24 | $3.9B | $14.4B | ||
| Q2 24 | $4.0B | $14.2B | ||
| Q1 24 | $4.1B | $13.9B |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $358.2M |
| 自由现金流率自由现金流/营收 | 17.2% | 18.7% |
| 资本支出强度资本支出/营收 | 1.2% | 9.7% |
| 现金转化率经营现金流/净利润 | 2.26× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $1.1B |
8季度趋势，按日历期对齐
| Q4 25 | $183.0M | $543.0M | ||
| Q3 25 | $287.0M | $676.8M | ||
| Q2 25 | $203.0M | $341.7M | ||
| Q1 25 | $298.0M | $251.5M | ||
| Q4 24 | $153.0M | $440.1M | ||
| Q3 24 | $185.0M | $595.0M | ||
| Q2 24 | $244.0M | $201.1M | ||
| Q1 24 | $105.0M | $173.4M |
| Q4 25 | $171.0M | $358.2M | ||
| Q3 25 | $272.0M | $454.8M | ||
| Q2 25 | $187.0M | $238.8M | ||
| Q1 25 | $280.0M | $83.5M | ||
| Q4 24 | $141.0M | $277.6M | ||
| Q3 24 | $171.0M | $498.2M | ||
| Q2 24 | $220.0M | $9.7M | ||
| Q1 24 | $91.0M | $20.6M |
| Q4 25 | 17.2% | 18.7% | ||
| Q3 25 | 29.0% | 19.8% | ||
| Q2 25 | 20.5% | 11.4% | ||
| Q1 25 | 31.2% | 5.1% | ||
| Q4 24 | 16.0% | 15.0% | ||
| Q3 24 | 20.1% | 24.9% | ||
| Q2 24 | 26.7% | 0.5% | ||
| Q1 24 | 11.1% | 1.3% |
| Q4 25 | 1.2% | 9.7% | ||
| Q3 25 | 1.6% | 9.7% | ||
| Q2 25 | 1.8% | 4.9% | ||
| Q1 25 | 2.0% | 10.3% | ||
| Q4 24 | 1.4% | 8.8% | ||
| Q3 24 | 1.6% | 4.8% | ||
| Q2 24 | 2.9% | 9.5% | ||
| Q1 24 | 1.7% | 9.9% |
| Q4 25 | 2.26× | 2.15× | ||
| Q3 25 | 1.99× | 1.81× | ||
| Q2 25 | 1.75× | 1.06× | ||
| Q1 25 | 2.81× | 1.95× | ||
| Q4 24 | 1.03× | 1.50× | ||
| Q3 24 | 1.57× | 2.87× | ||
| Q2 24 | 4.00× | 0.65× | ||
| Q1 24 | 0.81× | 1.69× |
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% |
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
