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Maplebear Inc.（CART）与WHITE MOUNTAINS INSURANCE GROUP LTD（WTM）财务数据对比。点击上方公司名可切换其他公司
WHITE MOUNTAINS INSURANCE GROUP LTD的季度营收约是Maplebear Inc.的1.6倍（$1.6B vs $992.0M），WHITE MOUNTAINS INSURANCE GROUP LTD净利率更高（52.1% vs 8.2%，领先43.9%），WHITE MOUNTAINS INSURANCE GROUP LTD同比增速更快（348.0% vs 12.3%），过去两年WHITE MOUNTAINS INSURANCE GROUP LTD的营收复合增速更高（57.4% 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。
怀特山保险集团是一家多元化保险及相关金融服务控股企业，总部位于百慕大汉密尔顿，1999年10月25日从美国特拉华州迁册至当前注册地，大部分业务通过旗下保险子公司及其他关联机构开展，覆盖多个保险及金融服务细分赛道。
CART vs WTM — 直观对比
营收规模更大
WTM
是对方的1.6倍
$992.0M
营收增速更快
WTM
高出335.6%
12.3%
净利率更高
WTM
高出43.9%
8.2%
两年增速更快
WTM
近两年复合增速
10.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $992.0M | $1.6B |
| 净利润 | $81.0M | $835.8M |
| 毛利率 | 72.3% | 97.1% |
| 营业利润率 | 9.9% | 56.2% |
| 净利率 | 8.2% | 52.1% |
| 营收同比 | 12.3% | 348.0% |
| 净利润同比 | -45.3% | 741.0% |
| 每股收益（稀释后） | $0.31 | $325.02 |
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CARTWTM
| Q4 25 | $992.0M | $1.6B | ||
| Q3 25 | $939.0M | $864.2M | ||
| Q2 25 | $914.0M | $689.2M | ||
| Q1 25 | $897.0M | $577.8M | ||
| Q4 24 | $883.0M | $358.0M | ||
| Q3 24 | $852.0M | $839.1M | ||
| Q2 24 | $823.0M | $395.4M | ||
| Q1 24 | $820.0M | $647.3M |
净利润CARTWTM
| Q4 25 | $81.0M | $835.8M | ||
| Q3 25 | $144.0M | $113.8M | ||
| Q2 25 | $116.0M | $122.9M | ||
| Q1 25 | $106.0M | $33.9M | ||
| Q4 24 | $148.0M | $-130.4M | ||
| Q3 24 | $118.0M | $179.0M | ||
| Q2 24 | $61.0M | $-54.6M | ||
| Q1 24 | $130.0M | $236.4M |
毛利率CARTWTM
| Q4 25 | 72.3% | 97.1% | ||
| Q3 25 | 73.7% | 93.6% | ||
| Q2 25 | 74.2% | 93.8% | ||
| Q1 25 | 74.8% | 98.7% | ||
| Q4 24 | 75.2% | 97.9% | ||
| Q3 24 | 75.2% | 99.1% | ||
| Q2 24 | 75.7% | 98.2% | ||
| Q1 24 | 74.9% | 98.8% |
营业利润率CARTWTM
| Q4 25 | 9.9% | 56.2% | ||
| Q3 25 | 17.7% | 20.7% | ||
| Q2 25 | 13.6% | 25.6% | ||
| Q1 25 | 12.3% | 12.5% | ||
| Q4 24 | 17.6% | -33.7% | ||
| Q3 24 | 16.2% | 28.5% | ||
| Q2 24 | 6.3% | -8.8% | ||
| Q1 24 | 17.6% | 35.9% |
净利率CARTWTM
| Q4 25 | 8.2% | 52.1% | ||
| Q3 25 | 15.3% | 13.2% | ||
| Q2 25 | 12.7% | 17.8% | ||
| Q1 25 | 11.8% | 5.9% | ||
| Q4 24 | 16.8% | -36.4% | ||
| Q3 24 | 13.8% | 21.3% | ||
| Q2 24 | 7.4% | -13.8% | ||
| Q1 24 | 15.9% | 36.5% |
每股收益（稀释后）CARTWTM
| Q4 25 | $0.31 | $325.02 | ||
| Q3 25 | $0.51 | $44.18 | ||
| Q2 25 | $0.41 | $47.75 | ||
| Q1 25 | $0.37 | $13.19 | ||
| Q4 24 | $0.53 | $-50.98 | ||
| Q3 24 | $0.42 | $69.68 | ||
| Q2 24 | $0.20 | $-21.24 | ||
| Q1 24 | $0.43 | $92.33 |
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 | — | $837.0M |
| 股东权益账面价值 | $2.5B | $5.4B |
| 总资产 | $3.7B | $12.3B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资CARTWTM
| 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CARTWTM
| Q4 25 | — | $837.0M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $694.6M | ||
| Q1 25 | — | $676.1M | ||
| Q4 24 | — | $562.5M | ||
| Q3 24 | — | $544.9M | ||
| Q2 24 | — | $530.2M | ||
| Q1 24 | — | $532.1M |
股东权益CARTWTM
| Q4 25 | $2.5B | $5.4B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.3B | $4.6B | ||
| Q1 25 | $3.2B | $4.5B | ||
| Q4 24 | $3.1B | $4.5B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.4B | ||
| Q1 24 | $3.1B | $4.5B |
总资产CARTWTM
| Q4 25 | $3.7B | $12.3B | ||
| Q3 25 | $4.5B | $12.3B | ||
| Q2 25 | $4.4B | $11.8B | ||
| Q1 25 | $4.3B | $11.0B | ||
| Q4 24 | $4.1B | $9.9B | ||
| Q3 24 | $3.9B | $10.3B | ||
| Q2 24 | $4.0B | $10.2B | ||
| Q1 24 | $4.1B | $9.6B |
负债/权益比CARTWTM
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.18× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.12× |
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 | $53.9M |
| 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× | 0.06× |
| 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CARTWTM
| Q4 25 | $183.0M | $53.9M | ||
| Q3 25 | $287.0M | $359.3M | ||
| Q2 25 | $203.0M | $177.5M | ||
| Q1 25 | $298.0M | $-40.2M | ||
| Q4 24 | $153.0M | $64.1M | ||
| Q3 24 | $185.0M | $269.4M | ||
| Q2 24 | $244.0M | $216.8M | ||
| Q1 24 | $105.0M | $36.5M |
自由现金流CARTWTM
| 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CARTWTM
| 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CARTWTM
| 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CARTWTM
| Q4 25 | 2.26× | 0.06× | ||
| Q3 25 | 1.99× | 3.16× | ||
| Q2 25 | 1.75× | 1.44× | ||
| Q1 25 | 2.81× | -1.19× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 1.51× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | 0.15× |
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% |
WTM
暂无分部数据
