Maplebear Inc. CART Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 73.1%-2.1pp | 73.7%-1.5pp | 74.5%-0.9pp | 74.8%-0.1pp | 75.2%+0.8pp | |
| Operating margin | 14.7%+1.6pp | 13.3%-1.2pp | 15.3%+5.1pp | 14.9%+85.3pp | 13.2%+83.9pp | |
| Net margin | 12.6%0.0pp | 11.9%-1.6pp | 14.1%+4.8pp | 13.8%+70.1pp | 12.5%+69.1pp | |
| EBITDA margin | 17.4%+2.4pp | 15.7%-0.4pp | 17.5%+5.9pp | 16.9%+85.9pp | 15%+84.3pp | |
| Free cash flow margin | 22.8%-0.7pp | 24.3%+5.9pp | 24.2%+3.0pp | 22%+2.6pp | 23.5%+5.4pp | |
| Returns | ||||||
| Return on equity | 17.4%+3.7pp | 15.9%+2.6pp | 16.2%+6.5pp | 15.4%+127pp | 13.7%+123pp | |
| Return on assets | 12.4%+2.1pp | 11.5%+1.1pp | 12.1%+4.7pp | 11.5%— | 10.3%— | |
| Return on invested capital | 35.9%+10.4pp | 23.5%-2.0pp | 29.8%+7.5pp | 27.5%— | 25.6%— | |
| Efficiency | ||||||
| Asset turnover | 1×+0.2× | 1×+0.2× | 0.9×+0.1× | 0.8×— | 0.8×— | |
| Liquidity | ||||||
| Current ratio | 2.4×-0.9× | 2.4×-1.0× | 3.6×+0.6× | 3.3×-0.1× | 3.2×-0.5× | |
| Quick ratio | 2.4×-0.9× | 2.4×-1.0× | 3.6×+0.6× | 3.3×-0.1× | 3.2×-0.5× | |
| Cash ratio | 0.9×-1.1× | 0.9×-0.9× | 2.2×+0.4× | 1.9×-0.2× | 1.9×-0.4× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -1.1×+2.2× | -1.3×+1.3× | -2.8×+0.9× | -2.7×— | -3.2×— | |
| Interest coverage | 11.6×+3.8× | 8.7×+1.3× | 9.7×+5.5× | 9.4×+35.7× | 7.8×+32.5× | |
| Per Share | ||||||
| Book value per share | $9.44-17.6% | $9.01-15.8% | $12.21+19.5% | $11.73+10.5% | $11.46+10.2% | |
| Valuation | ||||||
| Market capitalization | $9.01B-14.6% | $11.81B+11.0% | $9.68B-10.5% | $11.44B+33.9% | $10.56B+1.5% | |
| Enterprise value | $8.29B-6.6% | $11.02B+19.5% | $7.89B-16.1% | $9.85B+40.9% | $8.88B+1.0% | |
| Price / earnings | 18.6×-5.8× | 26.4×+3.1× | 18.8×-16.2× | 23.4×— | 24.4×— | |
| Price / sales | 2.3×-0.7× | 3.2×0.0× | 2.7×-0.6× | 3.2×+0.6× | 3.1×-0.3× | |
| Price / book | 3.8×+0.4× | 4.7×+1.2× | 2.8×-1.0× | 3.5×+0.7× | 3.3×0.0× | |
| EV / EBITDA | 12.4×-4.8× | 18.7×+1.8× | 12.4×-12.2× | 16.4×— | 17.1×— | |
| EV / sales | 2.1×-0.4× | 2.9×+0.2× | 2.2×-0.7× | 2.8×+0.6× | 2.6×-0.3× | |
| Free cash flow yield | 9.8%+2.1pp | 7.7%+1.9pp | 9.1%+2.6pp | 6.8%-0.5pp | 7.7%+2.3pp | |
| Earnings yield | 5.4%+1.3pp | 3.8%-0.5pp | 5.3%+2.5pp | 4.3%+25.4pp | 4.1%+21.0pp | |
| PEG ratio | 1.5×— | —— | 0.3×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Maplebear Inc.'s profit margins?
- Maplebear Inc. (CART) runs a 73.1% gross margin and a 14.7% operating margin, with a 12.6% net margin.
- Where do Maplebear Inc.'s ratios come from?
- Every ratio is computed from Maplebear Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
