CARTNasdaqServices-Business Services, NECFiscal year ends December 31
Maplebear Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$49.91+0.08 (+0.16%)
Close on Oct 19, 2026
- Market cap
- $12.42B
- P/E (TTM)
- 27.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
73.7%
Operating margin
13.3%
Net margin
11.9%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.8% | +13.6% | – | – | |
| Gross profit | +8.5% | +14.6% | – | – | |
| Operating income | +1.8% | +100.3% | – | – | |
| Net income | -2.2% | +1.5% | – | – | |
| EPS, diluted | +1.3% | +18.6% | – | – | |
| Free cash flow | +46.1% | +53.2% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 15.9% | |
| Return on assets | – | – | 11.5% | |
| Current ratio | – | – | 2.40 | |
| Capex to revenue | – | – | 1.6% | |
| Diluted shares | – | – | 280M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Maplebear generated $2.73B from operations and spent $3.04B on capital expenditure, dividends and share buybacks. 7% of that went back into the business.
Generated
$2.73B
Used
$3.04B
Capital expenditure$216.00M7%Dividends$00%Share buybacks$2.82B93%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.9%
×Asset turnover0.96×
×Equity multiplier1.39×
=Return on equity, FY202515.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.9% | 0.96× | 1.39× | 15.9% |
| FY2024 | 13.5% | 0.76× | 1.29× | 13.4% |
| FY2023 | -53.3% | 0.72× | 2.28× | -88.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$447.00M
- Cash generatingOperating cash flow above zero$971.00M
- Return on assets improvedROA up on the prior year9.7% → 10.9%
- Earnings backed by cashOperating cash flow above net income$971.00M vs $447.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose3.38 → 2.40
- No dilutionShare count did not rise289M → 280M
- Gross margin improvedGross margin up on the prior year75.25% → 73.70%
- More efficientAsset turnover rose0.71 → 0.91