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Maplebear Inc.（CART）与Vestis Corp（VSTS）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Vestis Corp的1.5倍（$992.0M vs $663.4M），Maplebear Inc.净利率更高（8.2% vs -1.0%，领先9.1%），Maplebear Inc.同比增速更快（12.3% vs -3.0%），Maplebear Inc.自由现金流更多（$171.0M vs $28.3M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs -3.0%）
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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
CART vs VSTS — 直观对比
营收规模更大
CART
是对方的1.5倍
$663.4M
营收增速更快
CART
高出15.3%
-3.0%
净利率更高
CART
高出9.1%
-1.0%
自由现金流更多
CART
多$142.7M
$28.3M
两年增速更快
CART
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $663.4M |
| 净利润 | $81.0M | $-6.4M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 9.9% | 2.5% |
| 净利率 | 8.2% | -1.0% |
| 营收同比 | 12.3% | -3.0% |
| 净利润同比 | -45.3% | -868.1% |
| 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CARTVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $992.0M | $712.0M | ||
| Q3 25 | $939.0M | — | ||
| Q2 25 | $914.0M | $673.8M | ||
| Q1 25 | $897.0M | $665.2M | ||
| Q4 24 | $883.0M | $683.8M | ||
| Q3 24 | $852.0M | $684.3M | ||
| Q2 24 | $823.0M | $698.2M |
净利润CARTVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $81.0M | $-12.5M | ||
| Q3 25 | $144.0M | — | ||
| Q2 25 | $116.0M | $-676.0K | ||
| Q1 25 | $106.0M | $-27.8M | ||
| Q4 24 | $148.0M | $832.0K | ||
| Q3 24 | $118.0M | $-2.3M | ||
| Q2 24 | $61.0M | $5.0M |
毛利率CARTVSTS
| 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CARTVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 9.9% | 2.5% | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 13.6% | 3.7% | ||
| Q1 25 | 12.3% | -1.3% | ||
| Q4 24 | 17.6% | 4.4% | ||
| Q3 24 | 16.2% | 4.4% | ||
| Q2 24 | 6.3% | 5.4% |
净利率CARTVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 8.2% | -1.8% | ||
| Q3 25 | 15.3% | — | ||
| Q2 25 | 12.7% | -0.1% | ||
| Q1 25 | 11.8% | -4.2% | ||
| Q4 24 | 16.8% | 0.1% | ||
| Q3 24 | 13.8% | -0.3% | ||
| Q2 24 | 7.4% | 0.7% |
每股收益（稀释后）CARTVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $0.31 | $-0.10 | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.41 | $-0.01 | ||
| Q1 25 | $0.37 | $-0.21 | ||
| Q4 24 | $0.53 | $0.01 | ||
| Q3 24 | $0.42 | $-0.02 | ||
| Q2 24 | $0.20 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $864.4M |
| 总资产 | $3.7B | $2.9B |
| 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CARTVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $687.0M | $29.7M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $23.7M | ||
| Q1 25 | $1.6B | $28.8M | ||
| Q4 24 | $1.4B | $18.6M | ||
| Q3 24 | $1.3B | $31.0M | ||
| Q2 24 | $1.4B | $29.1M |
总债务CARTVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益CARTVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $2.5B | $865.6M | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.3B | $882.2M | ||
| Q1 25 | $3.2B | $876.3M | ||
| Q4 24 | $3.1B | $899.6M | ||
| Q3 24 | $2.9B | $903.1M | ||
| Q2 24 | $3.0B | $901.2M |
总资产CARTVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.7B | $2.9B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.3B | $2.9B | ||
| Q4 24 | $4.1B | $2.9B | ||
| Q3 24 | $3.9B | $2.9B | ||
| Q2 24 | $4.0B | $3.1B |
负债/权益比CARTVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.29× | ||
| 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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $28.3M |
| 自由现金流率自由现金流/营收 | 17.2% | 4.3% |
| 资本支出强度资本支出/营收 | 1.2% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流CARTVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $183.0M | $30.9M | ||
| Q3 25 | $287.0M | — | ||
| Q2 25 | $203.0M | $22.9M | ||
| Q1 25 | $298.0M | $6.7M | ||
| Q4 24 | $153.0M | $3.8M | ||
| Q3 24 | $185.0M | $295.6M | ||
| Q2 24 | $244.0M | $48.7M |
自由现金流CARTVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $171.0M | $15.6M | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | $8.0M | ||
| Q1 25 | $280.0M | $-6.9M | ||
| Q4 24 | $141.0M | $-11.0M | ||
| Q3 24 | $171.0M | $267.5M | ||
| Q2 24 | $220.0M | $27.7M |
自由现金流率CARTVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 17.2% | 2.2% | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | 1.2% | ||
| Q1 25 | 31.2% | -1.0% | ||
| Q4 24 | 16.0% | -1.6% | ||
| Q3 24 | 20.1% | 39.1% | ||
| Q2 24 | 26.7% | 4.0% |
资本支出强度CARTVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 2.0% | 2.0% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.6% | 4.1% | ||
| Q2 24 | 2.9% | 3.0% |
现金转化率CARTVSTS
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 4.54× | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
