Maplebear vs Pricesmart
Pricesmart is the larger business, with $5.88bn of revenue in fiscal 2026 against $3.74bn for Maplebear (1.6 times as much). Pricesmart grew faster (11.5% against 10.8%). Maplebear kept more of each dollar of sales as profit: a net margin of 11.9% against 2.8%. Maplebear carries less debt relative to equity (0.0% against 11.6%).
| Latest fiscal year | MaplebearCART, 2025 | PricesmartPSMT, 2026 |
|---|---|---|
| Revenue | $3.74bn | $5.88bn |
| Revenue growth | 10.8% | 11.5% |
| Net income | $447m | $167m |
| Operating margin | 13.3% | 4.4% |
| Net margin | 11.9% | 2.8% |
| Return on equity | 15.9% | 12.3% |
| Free cash flow | $910m | $96.4m |
| Cash | $637m | $221m |
| Total debt | $0 | $169m |
| Debt to equity | 0.0% | 11.6% |
| Dividend per share | — | $1.40 |
| Dividend yield | — | — |
| Share buybacks | $1.39bn | $9.1m |
| Employees | 3,600 | 13,000 |
| Market value | $13.54bn | $4.98bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 35 sales | 0 buys, 36 sales |