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Maplebear Inc. (CART) stock

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NASDAQ: CART Nasdaq Consumer Staples Merchandise Retail Next results ~February 11, 2027

B+ Fundamentals grade

Maplebear Inc. is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$33

Valuation models combined (4)

Base case. Range ~$17–$65. Weighted average of 4 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Maplebear Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds238 adding, 238 cuttingOf 72 active managers that changed their stake, 35 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Maplebear files

Where Maplebear stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.99bn, up 12.6% on a year earlier, faster than 11.8% a quarter earlier. Free-cash-flow margin rose to 29.5% from 22.0% a year earlier. The diluted share count is down 5.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our valuation models combined value is $26.33 a share, against a share price of $50.73.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 11, 2027 (estimated)

Maplebear Inc.'s trailing-twelve-month revenue grew 12.6% year on year, with a free-cash-flow margin of 29.5%. Where it stands out: gross margin of 72.6% ranks 1 of 9 consumer staples merchandise retail companies we cover. Where it lags: stock pay as % of revenue of 10.1% ranks 8 of 8 consumer staples merchandise retail companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 51.0% while net income fell 1.6%: a 53pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 29.5% of revenue turned into free cash flow, against a median of 3.1% for consumer staples merchandise retail companies we cover.
  • Shrinking share count. Diluted shares fell 5.7% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.8bn.

Things to watch

  • Insiders selling. 8 insiders sold $34M of stock over the past 365 days and none bought (54% under pre-set trading plans).
  • Gross margin slipping. Gross margin is down 2.3 points on a year ago.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 10.1% ranks 8 of 8 consumer staples merchandise retail companies we cover (median 0.3%).
  • Heavily shorted. 15.2% of the shares available to trade are sold short (5.8 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.60 against an average estimate of $0.63: missed by 4.2%
Revenue
$1.04bn, up 14.1% on a year earlier
Share reaction
-3.4% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $1.17

Maplebear's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.0%
  • 1 week-5.4%
  • 1 month+30.1%
  • This year+28.0%
  • 1 year+56.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Operating margin
14.7%
Net margin
12.0%
EPS (TTM, diluted)
$1.81

Growth

Revenue growth
+12.6%
Change in growth rate
+0.8 pts
Share count change
−5.7%

Cash

Free cash flow (TTM)
$1.2B
FCF margin
29.5%
Stock pay % of revenue
10.1%

Earnings

Last results
October 29, 2026
Next results (est.)
February 11, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Deal

    DoorDash to buy Instacart for $65 per share

    DoorDash Inc. said it has agreed to acquire Maplebear Inc. for $65.00 per share, valuing the equity at approximately $17 billion. The deal, approved unanimously by Instacart's board, will combine the two delivery networks. Shareholders can elect to receive at least 75% cash, with the remainder in DoorDash stock.

    Company releaseRead source ↗SEC filing ↗
  4. Restructuring

    Maplebear to wind down Caper Cart operations

    Maplebear Inc. said its board decided to close Caper Cart operations on October 25, 2026. The company expects pre-tax charges of $55 million to $80 million, mostly in the fourth quarter of 2026. It plans to finish the process by the end of Q2 2027.

    SEC 8-KRead source ↗
  5. Insider trade
  6. Our research
  7. Insider trade
  8. Insider trade
  9. Product

    Instacart adds food ordering kiosks to 79 Big Y stores

    Maplebear Inc. said it launched in-store kiosks and online ordering for Big Y Foods on 20 October 2026. The service uses FoodStorm technology to handle made-to-order meals and catering across all 79 locations. Customers can now pick up or have these items delivered via the Instacart Marketplace.

    Company releaseRead source ↗
  10. Results

    Instacart sets 5 November for Q3 2026 results

    Maplebear Inc. said it will release its third quarter 2026 financial results after market close on 5 November 2026. Management will host a conference call at 2:00 p.m. Pacific Time to discuss the figures. A live webcast and replay will be available on the company's Investor Relations website.

    Company releaseRead source ↗
  11. Share issue
  12. Announcement
  13. Announcement
  14. Partnership
  15. Announcement
  16. Partnership
  17. Product
  18. Insider trade
  19. Insider trade
  20. Announcement
  21. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Maplebear Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Maplebear Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$25 ~$19–$30 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$65 ~$50–$100 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.1 Left out: out of range vs price (0.00x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$17 ~$13–$26 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$24 ~$21–$28 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$33 ~$17–$65 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Maplebear Inc. with Consumer Staples Merchandise Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025Now
Share price$23.47$41.42$44.98$57.59
Market value$3.1bn$12.0bn$12.6bn$15.3bn
+ Net debt (− = net cash)−$2.1bn−$1.3bn−$637m−$757m
Enterprise value$929m$10.7bn$11.9bn$14.5bn
Multiples
Price / sales 1.0x3.5x3.4x3.8x
Price / earnings —26.2x28.1x31.9x
Price / free cash flow 5.8x19.2x13.8x13.0x
EV / EBITDA —19.6x20.3x20.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.30 +44% $4.3bn +15%
Next $2.94 +28% $4.7bn +10%

Next year's EPS estimate has moved −1.8% in 90 days, across 31 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −5.8% on 90 days ago. In the last 30 days, 0 analysts raised Maplebear Inc.'s forecast and 2 cut it.

Consensus EPS forecast Maplebear Inc., last 90 days
$2.20 $2.40 $2.60 $2.80 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.44 Current fiscal year, 60 days ago: $2.33 Current fiscal year, 30 days ago: $2.31 Current fiscal year, 7 days ago: $2.31 Current fiscal year, Now: $2.30 $2.30 Next fiscal year, 90 days ago: $3.00 Next fiscal year, 60 days ago: $2.95 Next fiscal year, 30 days ago: $2.91 Next fiscal year, 7 days ago: $2.91 Next fiscal year, Now: $2.94 $2.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.44$3.00
60 days ago $2.33$2.95
30 days ago $2.31$2.91
7 days ago $2.31$2.91
Now $2.30$2.94

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.63 $0.60 −4.2%
Jun 2026 $0.54 $0.45 −16.5%
Mar 2026 $0.57 $0.57 +0.6%
Dec 2025 $0.51 $0.30 −41.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 29, 2026

No numeric guidance in Maplebear Inc.'s latest earnings release (filed October 29, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

30 analysts, Oct 2026
Buy1033%
Hold2067%
Sell00%

Monthly trend

  1. Oct 202692030
  2. Sep 20265131432
  3. Aug 20265131432
  4. Jul 20265131231

Counts of recommendations published by analysts covering Maplebear Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
15.2%
of tradable shares
Days to cover
5.81
at average volume
Short interest, 1 month
+49%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
11.0%
of shares
Employees
3,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +56.2%

$36.86 on October 31, 2025 to $57.59

ThenNowEffect
Revenue (last 12 months) $3.5bn $4.0bn +12.6%
Net margin 13.8% 12.0% −12.7%
P/E multiple 21.3x 31.9x +49.8%
Share count 282m 266m +6.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202420252026 to date
Return
CART+77%+9%+28%
Industry peers (median)+25%+25%+21%
S&P 500+25%+18%+11%
Months that ended higher
CART67%50%55%
S&P 50075%75%46%
Largest fall from a high during the year
CART−23%−34%−27%
S&P 500−8%−19%−9%

Worst fall since September 19, 2023: 38% from February 19, 2025 to February 11, 2026. Getting back needed a 61% gain, reached on October 23, 2026, 254 days after the low.

Price behaviour

52-week range
$32.93 – $60.88
From 52-week high
−5.4%
vs 50-day average
+17.0%
vs 200-day average
+32.7%
Volatility (1 year)
44%
Beta vs S&P 500
0.44

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.0%
After a week
6 up, 5 down
typical move ±9.9%
After a month
6 up, 5 down
typical move ±14.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −3.4% −2.1% — —
August 6, 2026 +10.6% +0.5% +10.4% +12.6%
May 6, 2026 −13.1% +1.1% −8.7% −5.7%
February 12, 2026 +10.2% −1.5% +10.1% +17.7%
November 10, 2025 +6.7% +1.8% +10.2% +18.3%
August 7, 2025 +7.3% +0.7% −8.1% −5.3%
May 1, 2025 +13.4% +2.2% +7.6% +16.4%
February 25, 2025 −13.3% −0.4% −22.1% −18.3%
November 12, 2024 −9.9% −0.3% −10.4% −12.3%
August 6, 2024 +3.9% +0.2% +3.3% +11.3%
May 8, 2024 −3.8% +0.6% −12.4% −12.1%
February 13, 2024 −0.2% −0.5% +5.3% +30.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Maplebear Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Maplebear Inc.
$2.5B $3B $3.5B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $3B Revenue (TTM), FY23 Q4: $3B Revenue (TTM), FY24 Q1: $3.1B Revenue (TTM), FY24 Q2: $3.2B Revenue (TTM), FY24 Q3: $3.3B Revenue (TTM), FY24 Q4: $3.4B Revenue (TTM), FY25 Q1: $3.5B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.6B Revenue (TTM), FY25 Q4: $3.7B Revenue (TTM), FY26 Q1: $3.9B Revenue (TTM), FY26 Q2: $4B $4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $3B
FY23 Q4 $3B
FY24 Q1 $3.1B
FY24 Q2 $3.2B
FY24 Q3 $3.3B
FY24 Q4 $3.4B
FY25 Q1 $3.5B
FY25 Q2 $3.5B
FY25 Q3 $3.6B
FY25 Q4 $3.7B
FY26 Q1 $3.9B
FY26 Q2 $4B
Revenue growth, TTM YoY Maplebear Inc.
10% 11% 12% 13% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q2: 10.7% Revenue growth, TTM YoY, FY24 Q3: 10.1% Revenue growth, TTM YoY, FY24 Q4: 11.0% Revenue growth, TTM YoY, FY25 Q1: 11.3% Revenue growth, TTM YoY, FY25 Q2: 10.5% Revenue growth, TTM YoY, FY25 Q3: 10.2% Revenue growth, TTM YoY, FY25 Q4: 10.8% Revenue growth, TTM YoY, FY26 Q1: 11.8% Revenue growth, TTM YoY, FY26 Q2: 12.6% 12.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 10.7%
FY24 Q3 10.1%
FY24 Q4 11.0%
FY25 Q1 11.3%
FY25 Q2 10.5%
FY25 Q3 10.2%
FY25 Q4 10.8%
FY26 Q1 11.8%
FY26 Q2 12.6%
Operating margin (TTM) Maplebear Inc.
-100% -50% 0% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -69.6% Operating margin (TTM), FY23 Q4: -70.4% Operating margin (TTM), FY24 Q1: -69.2% Operating margin (TTM), FY24 Q2: -69.0% Operating margin (TTM), FY24 Q3: 11.5% Operating margin (TTM), FY24 Q4: 14.5% Operating margin (TTM), FY25 Q1: 13.2% Operating margin (TTM), FY25 Q2: 14.9% Operating margin (TTM), FY25 Q3: 15.3% Operating margin (TTM), FY25 Q4: 13.3% Operating margin (TTM), FY26 Q1: 14.7% Operating margin (TTM), FY26 Q2: 14.7% 14.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -69.6%
FY23 Q4 -70.4%
FY24 Q1 -69.2%
FY24 Q2 -69.0%
FY24 Q3 11.5%
FY24 Q4 14.5%
FY25 Q1 13.2%
FY25 Q2 14.9%
FY25 Q3 15.3%
FY25 Q4 13.3%
FY26 Q1 14.7%
FY26 Q2 14.7%
FCF margin (TTM) Maplebear Inc.
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 12.0% FCF margin (TTM), FY23 Q4: 17.5% FCF margin (TTM), FY24 Q1: 18.1% FCF margin (TTM), FY24 Q2: 19.4% FCF margin (TTM), FY24 Q3: 21.2% FCF margin (TTM), FY24 Q4: 18.4% FCF margin (TTM), FY25 Q1: 23.5% FCF margin (TTM), FY25 Q2: 22.0% FCF margin (TTM), FY25 Q3: 24.2% FCF margin (TTM), FY25 Q4: 24.3% FCF margin (TTM), FY26 Q1: 22.8% FCF margin (TTM), FY26 Q2: 29.5% 29.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 12.0%
FY23 Q4 17.5%
FY24 Q1 18.1%
FY24 Q2 19.4%
FY24 Q3 21.2%
FY24 Q4 18.4%
FY25 Q1 23.5%
FY25 Q2 22.0%
FY25 Q3 24.2%
FY25 Q4 24.3%
FY26 Q1 22.8%
FY26 Q2 29.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Maplebear took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $3.7B
  2. Other income $58M · 1.5%
  3. Cost of revenue $984M · 26.3%
  4. Gross profit $2.8B · 73.7%
  5. Research and development $650M · 17.4%
  6. Selling, general and admin $1.3B · 35.7%
  7. Other operating costs $274M · 7.3%
  8. Operating income $498M · 13.3%
  9. Income tax $109M · 2.9%
  10. Net income $447M · 11.9%

Shares of revenue. Source: Maplebear's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,834 2,551 3,042 3,378 3,742 3,993
Gross profit 1,226 1,831 2,278 2,542 2,758 2,898
EBITDA −70 96 −2,099 545 589 701
Operating income −86 62 −2,142 489 498 588
Net income −73 428 −1,622 457 447 480
Diluted EPS −$1.12 $0.96 −$12.43 $1.58 $1.60 $1.81
Growth (year on year)
Revenue — +39.1% +19.2% +11.0% +10.8% +12.6%
EBITDA — — <−999% — +8.1% +17.0%
Operating income — — <−999% — +1.8% +11.6%
Net income — — −479.0% — −2.2% −1.6%
Diluted EPS — — <−999% — +1.3% +4.3%
Margins
Gross margin 66.8% 71.8% 74.9% 75.3% 73.7% 72.6%
EBITDA margin −3.8% 3.8% −69.0% 16.1% 15.7% 17.6%
Operating margin −4.7% 2.4% −70.4% 14.5% 13.3% 14.7%
Net margin −4.0% 16.8% −53.3% 13.5% 11.9% 12.0%
Free-cash-flow margin −11.8% 9.9% 17.5% 18.4% 24.3% 29.5%
Cash flow
Cash from operations −204 277 586 687 971 1,232
Capital spending 13 24 54 64 61 56
Free cash flow −217 253 532 623 910 1,176
Stock-based pay 22 33 2,756 300 352 403
Free cash flow after stock pay −239 220 −2,224 323 558 773
Balance sheet
Cash 1,146 1,505 2,137 1,278 637 757
Total debt 0 0 0 0 0 0
Net debt (negative = net cash) −1,146 −1,505 −2,137 −1,278 −637 −757
Diluted shares 66m 101m 131m 289m 280m 266m
Returned to shareholders
Buybacks 0 0 36 1,402 1,386 1,859
Total returned 0 0 36 1,402 1,386 1,859

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $3.5bn
Short-term assets $2.1bnLonger-term assets $1.4bn
What it owes, and who funded it · $3.3bn
Short-term liabilities $929mLonger-term liabilities $59mShareholders' equity $2.3bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $929m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $59m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Maplebear Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.9B
Returned to shareholders
158%
of free cash flow
Buybacks, last 3 fiscal years
$2.8B
Diluted share count
−5.7%
year over year
Total shareholder yield
13.8%
dividends 0.0% + buybacks 13.8% of market value
R&D spending
17.7%
of revenue
Days sales outstanding
89 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in consumer staples merchandise retail
Last 12 months unless stated CART TBBB PSMT DLTR BJ DG Median
Revenue, last 12 months $4.0bn $4.1bn $5.9bn $20.1bn $22.8bn $43.6bn $22.8bn
Revenue growth, last 12 months 12.6% 29.2% 11.5% 8.2% 9.1% 4.8% 9.1%
Revenue growth, 3-year average 11.3% — 10.0% 7.0% 5.5% 4.0% 6.3%
Revenue growth, latest quarter 14.1% — 13.9% 7.0% 15.7% 5.2% 9.1%
Gross margin 72.6% 16.2% 17.7% 38.7% 18.2% 31.2% 25.2%
Operating margin 14.7% −0.9% 4.4% 11.0% 3.8% 5.6% 4.4%
Operating margin, 3-year average −13.1% — 4.5% 9.0% 3.8% 5.1% 4.4%
Net margin 12.0% −3.6% 2.8% 8.0% 2.6% 3.9% 3.0%
Cash from operations / revenue 30.9% 6.0% 5.2% 15.5% 4.9% 7.6% 6.0%
Free-cash-flow margin 29.5% 1.4% 1.6% 9.9% 1.6% 4.6% 3.1%
Free-cash-flow margin, 3-year average 23.6% — 1.5% 7.3% 1.6% 4.4% 3.4%
Stock pay / revenue 10.1% 3.7% 0.4% 0.3% 0.2% 0.2% 0.3%
Change in share count −5.7% 5.3% 0.6% −7.1% −2.2% 0.5% −0.5%

Median of all 9 companies we cover in consumer staples merchandise retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 consumer staples merchandise retail companies
Measure Company Peer median Rank
Revenue growth Growth 12.6% 9.1% 2 of 9
Change in growth rate Growth +0.8pp +0.9pp 6 of 9
Gross margin Profitability 72.6% 25.2% 1 of 9
Operating margin Profitability 14.7% 4.4% 1 of 9
Net margin Profitability 12.0% 3.0% 1 of 9
Free-cash-flow margin Cash generation 29.5% 3.1% 1 of 9
Stock pay as % of revenue Cash generation 10.1% 0.3% 8 of 8
Change in share count Balance sheet -5.7% -0.5% 2 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Transaction $2.7B 71.5% ▲ 10.6%
Advertising and Other $1.1B 28.5% ▲ 11.2%
Geography
Region Revenue Share YoY
United States $3.6B 96.2% ▲ 10.9%
Outside the US $142M 3.8% ▲ 8.4%

From Maplebear Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.2B
Institutions reporting
498
Shares held vs prior quarter
▲ 2.5%
Positions opened / closed
87 / 58

Top buyers and sellers, Q2 2026: 238 institutions bought and 238 sold ; the biggest buyer was LSV Asset Management (+3.8M shares) and the biggest seller FMR LLC (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Sc Us (Ttgp), Ltd. $1.3B 27.9M 14.4% 0.0%
D1 Capital Partners L.P. $1.1B 22.6M 11.7% 0.0%
Blackrock, Inc. $750M 15.8M 8.2% ▼ 6.2%
Vanguard Portfolio Management LLC $388M 8.2M 4.2% ▼ 1.0%
Vanguard Capital Management LLC $370M 7.8M 4.0% ▲ 1.0%
State Street Corp $247M 5.2M 2.7% ▼ 5.4%
Dimensional Fund Advisors LP $228M 4.8M 2.5% ▼ 3.4%
LSV Asset Management $215M 4.5M 2.3% ▲ 506.9%
Morgan Stanley $200M 4.2M 2.2% ▲ 127.6%
Gcm Grosvenor Holdings, LLC $196M 4.1M 2.1% 0.0%
FMR LLC $183M 3.9M 2.0% ▼ 35.8%
Contour Asset Management LLC $182M 3.9M 2.0% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Maplebear Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $34.3M 35 trades by 8 insiders · 54% under pre-set plans
Net ▼ $34.3M net selling
Insider Date Trade Shares Price Value
Rogers Chris President and CEO October 26, 2026 Sell pre-set plan 24,665 $60.00 $1.5M
Rogers Chris President and CEO October 23, 2026 Sell pre-set plan 24,060 $55.04 $1.3M
Reuter Emily CHIEF FINANCIAL OFFICER October 23, 2026 Sell pre-set plan 50,000 $55.00 $2.8M
Fong Morgan Chief Legal Officer October 22, 2026 Sell pre-set plan 3,008 $51.39 $154,583
Fong Morgan Chief Legal Officer October 22, 2026 Sell pre-set plan 15,382 $50.93 $783,351
Blackwood-Kapral Lisa Chief Accounting Officer October 15, 2026 Sell pre-set plan 3,016 $49.58 $149,533
Fong Morgan Chief Legal Officer September 22, 2026 Sell pre-set plan 773 $45.64 $35,280
Fong Morgan Chief Legal Officer September 22, 2026 Sell pre-set plan 17,617 $44.95 $791,884
Blackwood-Kapral Lisa Chief Accounting Officer September 15, 2026 Sell pre-set plan 3,017 $47.08 $142,040
Laughton Mary Beth Director August 27, 2026 Sell 10,236 $50.33 $515,178
Fong Morgan Chief Legal Officer August 24, 2026 Sell pre-set plan 4,299 $50.47 $216,971
Fong Morgan Chief Legal Officer August 24, 2026 Sell pre-set plan 14,091 $49.81 $701,873

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Maplebear Inc. disclosed in the last 12 months; 2 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded September 25, 2025, filed October 22, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded August 13, 2025, filed September 12, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 11, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • August 6, 2026
  • May 6, 2026
  • February 12, 2026
  • November 10, 2025
  • August 7, 2025

Recent SEC filings

Data status

When each part of this page on Maplebear Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Maplebear Inc. in brief

What does Maplebear Inc. do?
Maplebear Inc. is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in December.
What is Maplebear Inc.'s stock ticker?
Maplebear Inc. trades under the ticker CART on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Maplebear Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Maplebear Inc. reported revenue of $4B, 12.6% higher than a year earlier, according to its SEC filings.
What is Maplebear Inc.'s free cash flow?
Maplebear Inc.'s free-cash-flow margin is 29.5% of revenue over the trailing twelve months, ranking 1 of the 9 consumer staples merchandise retail companies we cover.
Who are Maplebear Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Sc Us (Ttgp), Ltd., D1 Capital Partners L.P. and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Maplebear Inc. buying back stock, and does it pay a dividend?
Maplebear Inc. spent $1.9B on share repurchases over the trailing twelve months, and its diluted share count fell 5.7% over the year.
What is Maplebear Inc.'s market cap?
On November 2, 2026, Maplebear Inc.'s market capitalisation was about $15.3B, with a price-to-earnings ratio of 31.9 and net debt of -$757M. Market figures come from third-party market data and may be delayed.
Who are Maplebear Inc.'s competitors?
In our Consumer Staples Merchandise Retail peer group, the companies closest to Maplebear Inc. are BBB Foods Inc, Pricesmart Inc, Dollar Tree, Bj's Wholesale Club Holdings, Inc. and Dollar General. The side-by-side comparison below sets their revenue, margins and growth against Maplebear Inc.'s.
Are insiders buying or selling Maplebear Inc. stock?
Over the last 12 months, Maplebear Inc.'s directors and officers reported 0 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Maplebear Inc.'s next earnings date?
Around February 11, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Maplebear Inc. announces its own schedule.