Maplebear (CART) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Maplebear

NasdaqGS•Consumer Cyclical•Internet Retail

$45.43-1.42(-0.03%)Pre-market

Market Cap

$10.66B

P/E

22.2x

P/S

2.7x

P/B

4.6x

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend. It also provides advertising solutions, including sponsored product ads, display ads, coupons, and brand pages; and software-as-a-service. The company's services can be provided through company's mobile application or website. Maplebear Inc., was incorporated in 2012 and is headquartered in San Francisco, California.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Cash & Earnings Quality (25/25); weakest: Profitability (14/25).

Profitability14/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.2x5y range 15.4x – 25.7x

Currently near its 8-quarter median.

P/S · 2.7x5y range 2.2x – 3.4x

Currently near its 9-quarter median.

P/B · 4.6x5y range 1.2x – 4.6x

Price & Volume

Market Cap $10.66B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.99B
Q. Revenue: $1.04B
TTM EBITDA: $748.00M
TTM Op. Income: $589.00M
Q. Op. Income: $143.00M
TTM Net Income: $480.00M
Q. Net Income: $111.00M
EPS: $0.46
Shares Out.: $234.93M

$3.99B in TTM revenue grew 12.6% YoY, reaching $1.04B last quarter. TTM EBITDA of $748.00M and TTM operating income of $589.00M show growth is flowing through to the bottom line. TTM net income of $480.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 72.0%
EBITDA Margin: 16.8%
Op. Margin: 13.7%
Net Margin: 10.6%

Op. margin of 13.7% is up 0.1% YoY — cost efficiency is improving. Net margin at 10.6% and gross margin of 72.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.2x
P/S Ratio: 2.7x
P/B Ratio: 4.6x

At 22.2x P/E, the stock trades within typical market levels. P/S of 2.7x and P/B of 4.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 9% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.51B
Cash: $757.00M
Long-Term Debt: N/A
Book Value: $2.32B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $494.00M
TTM Free Cash Flow: $1.18B
FCF Margin: 29.5%
FCF / Net Income: 2.5

TTM FCF of $1.18B on $494.00M in operating cash flow. The FCF / Net Income ratio of 2.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 51% — an improving trend.