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Maplebear Inc.（CART）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.1倍（$992.0M vs $871.9M），Maplebear Inc.净利率更高（8.2% vs 2.2%，领先6.0%），Worthington Steel, Inc.同比增速更快（18.0% vs 12.3%），Maplebear Inc.自由现金流更多（$171.0M vs $74.6M），过去两年Maplebear Inc.的营收复合增速更高（10.0% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
CART vs WS — 直观对比
营收规模更大
CART
是对方的1.1倍
$871.9M
营收增速更快
WS
高出5.6%
12.3%
净利率更高
CART
高出6.0%
2.2%
自由现金流更多
CART
多$96.4M
$74.6M
两年增速更快
CART
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $871.9M |
| 净利润 | $81.0M | $18.8M |
| 毛利率 | 72.3% | 10.7% |
| 营业利润率 | 9.9% | 2.5% |
| 净利率 | 8.2% | 2.2% |
| 营收同比 | 12.3% | 18.0% |
| 净利润同比 | -45.3% | 46.9% |
| 每股收益（稀释后） | $0.31 | $0.37 |
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CARTWS
| Q4 25 | $992.0M | $871.9M | ||
| Q3 25 | $939.0M | $872.9M | ||
| Q2 25 | $914.0M | $832.9M | ||
| Q1 25 | $897.0M | $687.4M | ||
| Q4 24 | $883.0M | $739.0M | ||
| Q3 24 | $852.0M | $834.0M | ||
| Q2 24 | $823.0M | — | ||
| Q1 24 | $820.0M | $805.8M |
净利润CARTWS
| Q4 25 | $81.0M | $18.8M | ||
| Q3 25 | $144.0M | $36.8M | ||
| Q2 25 | $116.0M | $55.7M | ||
| Q1 25 | $106.0M | $13.8M | ||
| Q4 24 | $148.0M | $12.8M | ||
| Q3 24 | $118.0M | $28.4M | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $130.0M | $49.0M |
毛利率CARTWS
| Q4 25 | 72.3% | 10.7% | ||
| Q3 25 | 73.7% | 13.2% | ||
| Q2 25 | 74.2% | 15.2% | ||
| Q1 25 | 74.8% | 11.8% | ||
| Q4 24 | 75.2% | 10.8% | ||
| Q3 24 | 75.2% | 12.0% | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | 14.9% |
营业利润率CARTWS
| Q4 25 | 9.9% | 2.5% | ||
| Q3 25 | 17.7% | 5.5% | ||
| Q2 25 | 13.6% | 8.0% | ||
| Q1 25 | 12.3% | 2.7% | ||
| Q4 24 | 17.6% | 2.6% | ||
| Q3 24 | 16.2% | 5.2% | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 17.6% | 8.2% |
净利率CARTWS
| Q4 25 | 8.2% | 2.2% | ||
| Q3 25 | 15.3% | 4.2% | ||
| Q2 25 | 12.7% | 6.7% | ||
| Q1 25 | 11.8% | 2.0% | ||
| Q4 24 | 16.8% | 1.7% | ||
| Q3 24 | 13.8% | 3.4% | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 15.9% | 6.1% |
每股收益（稀释后）CARTWS
| Q4 25 | $0.31 | $0.37 | ||
| Q3 25 | $0.51 | $0.72 | ||
| Q2 25 | $0.41 | $1.11 | ||
| Q1 25 | $0.37 | $0.27 | ||
| Q4 24 | $0.53 | $0.25 | ||
| Q3 24 | $0.42 | $0.56 | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.43 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $2.5B | $1.1B |
| 总资产 | $3.7B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资CARTWS
| Q4 25 | $687.0M | $89.8M | ||
| Q3 25 | $1.7B | $78.3M | ||
| Q2 25 | $1.6B | $38.0M | ||
| Q1 25 | $1.6B | $63.3M | ||
| Q4 24 | $1.4B | $52.0M | ||
| Q3 24 | $1.3B | $36.0M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | $60.8M |
总债务CARTWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益CARTWS
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $3.5B | $1.1B | ||
| Q2 25 | $3.3B | $1.1B | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $2.9B | $1.0B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.1B | $937.6M |
总资产CARTWS
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $4.5B | $2.2B | ||
| Q2 25 | $4.4B | $2.0B | ||
| Q1 25 | $4.3B | $1.8B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.8B | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.1B | $1.8B |
负债/权益比CARTWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $171.0M | $74.6M |
| 自由现金流率自由现金流/营收 | 17.2% | 8.6% |
| 资本支出强度资本支出/营收 | 1.2% | 2.8% |
| 现金转化率经营现金流/净利润 | 2.26× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $910.0M | $72.5M |
8季度趋势，按日历期对齐
经营现金流CARTWS
| Q4 25 | $183.0M | $99.3M | ||
| Q3 25 | $287.0M | $-6.3M | ||
| Q2 25 | $203.0M | $53.9M | ||
| Q1 25 | $298.0M | $53.8M | ||
| Q4 24 | $153.0M | $68.0M | ||
| Q3 24 | $185.0M | $54.6M | ||
| Q2 24 | $244.0M | — | ||
| Q1 24 | $105.0M | $44.7M |
自由现金流CARTWS
| Q4 25 | $171.0M | $74.6M | ||
| Q3 25 | $272.0M | $-35.7M | ||
| Q2 25 | $187.0M | $8.4M | ||
| Q1 25 | $280.0M | $25.2M | ||
| Q4 24 | $141.0M | $33.2M | ||
| Q3 24 | $171.0M | $33.1M | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | $22.3M |
自由现金流率CARTWS
| Q4 25 | 17.2% | 8.6% | ||
| Q3 25 | 29.0% | -4.1% | ||
| Q2 25 | 20.5% | 1.0% | ||
| Q1 25 | 31.2% | 3.7% | ||
| Q4 24 | 16.0% | 4.5% | ||
| Q3 24 | 20.1% | 4.0% | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | 2.8% |
资本支出强度CARTWS
| Q4 25 | 1.2% | 2.8% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.8% | 5.5% | ||
| Q1 25 | 2.0% | 4.2% | ||
| Q4 24 | 1.4% | 4.7% | ||
| Q3 24 | 1.6% | 2.6% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | 2.8% |
现金转化率CARTWS
| Q4 25 | 2.26× | 5.28× | ||
| Q3 25 | 1.99× | -0.17× | ||
| Q2 25 | 1.75× | 0.97× | ||
| Q1 25 | 2.81× | 3.90× | ||
| Q4 24 | 1.03× | 5.31× | ||
| Q3 24 | 1.57× | 1.92× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
