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Side-by-side financial comparison of Aveanna Healthcare Holdings, Inc. (AVAH) and Maplebear Inc. (CART). Click either name above to swap in a different company.

Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $621.9M, roughly 1.6× Aveanna Healthcare Holdings, Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 2.3%, a 5.9% gap on every dollar of revenue. On growth, Aveanna Healthcare Holdings, Inc. posted the faster year-over-year revenue change (22.2% vs 12.3%). Over the past eight quarters, Aveanna Healthcare Holdings, Inc.'s revenue compounded faster (14.0% CAGR vs 10.0%).

Aveanna Healthcare Holdings, Inc. is a leading U.S. provider of home and community-based healthcare services. Its core offerings include pediatric home health, adult personal care, hospice care, and infusion therapy, serving patients across the United States through its nationwide network of local care centers, catering to both public and private payer segments.

Maplebear Inc., doing business as Instacart, is an American retail media and delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. It allows customers to order groceries, and alcohol where legal, from participating retailers with the shopping being done by a personal shopper, who picks, packs, and delivers the order.

AVAH vs CART — Head-to-Head

Bigger by revenue
CART
CART
1.6× larger
CART
$992.0M
$621.9M
AVAH
Growing faster (revenue YoY)
AVAH
AVAH
+9.8% gap
AVAH
22.2%
12.3%
CART
Higher net margin
CART
CART
5.9% more per $
CART
8.2%
2.3%
AVAH
Faster 2-yr revenue CAGR
AVAH
AVAH
Annualised
AVAH
14.0%
10.0%
CART

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AVAH
AVAH
CART
CART
Revenue
$621.9M
$992.0M
Net Profit
$14.1M
$81.0M
Gross Margin
32.6%
72.3%
Operating Margin
8.6%
9.9%
Net Margin
2.3%
8.2%
Revenue YoY
22.2%
12.3%
Net Profit YoY
132.8%
-45.3%
EPS (diluted)
$0.06
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVAH
AVAH
CART
CART
Q4 25
$992.0M
Q3 25
$621.9M
$939.0M
Q2 25
$589.6M
$914.0M
Q1 25
$559.2M
$897.0M
Q4 24
$519.9M
$883.0M
Q3 24
$509.0M
$852.0M
Q2 24
$505.0M
$823.0M
Q1 24
$490.7M
$820.0M
Net Profit
AVAH
AVAH
CART
CART
Q4 25
$81.0M
Q3 25
$14.1M
$144.0M
Q2 25
$27.0M
$116.0M
Q1 25
$5.2M
$106.0M
Q4 24
$29.2M
$148.0M
Q3 24
$-42.8M
$118.0M
Q2 24
$13.9M
$61.0M
Q1 24
$-11.2M
$130.0M
Gross Margin
AVAH
AVAH
CART
CART
Q4 25
72.3%
Q3 25
32.6%
73.7%
Q2 25
35.8%
74.2%
Q1 25
32.8%
74.8%
Q4 24
33.0%
75.2%
Q3 24
31.4%
75.2%
Q2 24
31.3%
75.7%
Q1 24
29.7%
74.9%
Operating Margin
AVAH
AVAH
CART
CART
Q4 25
9.9%
Q3 25
8.6%
17.7%
Q2 25
13.6%
13.6%
Q1 25
9.3%
12.3%
Q4 24
8.8%
17.6%
Q3 24
6.7%
16.2%
Q2 24
7.4%
6.3%
Q1 24
4.7%
17.6%
Net Margin
AVAH
AVAH
CART
CART
Q4 25
8.2%
Q3 25
2.3%
15.3%
Q2 25
4.6%
12.7%
Q1 25
0.9%
11.8%
Q4 24
5.6%
16.8%
Q3 24
-8.4%
13.8%
Q2 24
2.8%
7.4%
Q1 24
-2.3%
15.9%
EPS (diluted)
AVAH
AVAH
CART
CART
Q4 25
$0.31
Q3 25
$0.06
$0.51
Q2 25
$0.13
$0.41
Q1 25
$0.03
$0.37
Q4 24
$0.15
$0.53
Q3 24
$-0.22
$0.42
Q2 24
$0.07
$0.20
Q1 24
$-0.06
$0.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVAH
AVAH
CART
CART
Cash + ST InvestmentsLiquidity on hand
$145.9M
$687.0M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$9.2M
$2.5B
Total Assets
$1.8B
$3.7B
Debt / EquityLower = less leverage
141.83×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVAH
AVAH
CART
CART
Q4 25
$687.0M
Q3 25
$145.9M
$1.7B
Q2 25
$100.7M
$1.6B
Q1 25
$71.5M
$1.6B
Q4 24
$84.3M
$1.4B
Q3 24
$78.5M
$1.3B
Q2 24
$47.7M
$1.4B
Q1 24
$42.6M
$1.5B
Total Debt
AVAH
AVAH
CART
CART
Q4 25
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
AVAH
AVAH
CART
CART
Q4 25
$2.5B
Q3 25
$9.2M
$3.5B
Q2 25
$-12.0M
$3.3B
Q1 25
$-100.1M
$3.2B
Q4 24
$-123.6M
$3.1B
Q3 24
$-156.4M
$2.9B
Q2 24
$-119.0M
$3.0B
Q1 24
$-136.3M
$3.1B
Total Assets
AVAH
AVAH
CART
CART
Q4 25
$3.7B
Q3 25
$1.8B
$4.5B
Q2 25
$1.8B
$4.4B
Q1 25
$1.7B
$4.3B
Q4 24
$1.7B
$4.1B
Q3 24
$1.6B
$3.9B
Q2 24
$1.7B
$4.0B
Q1 24
$1.6B
$4.1B
Debt / Equity
AVAH
AVAH
CART
CART
Q4 25
Q3 25
141.83×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVAH
AVAH
CART
CART
Operating Cash FlowLast quarter
$33.2M
$183.0M
Free Cash FlowOCF − Capex
$171.0M
FCF MarginFCF / Revenue
17.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.36×
2.26×
TTM Free Cash FlowTrailing 4 quarters
$910.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVAH
AVAH
CART
CART
Q4 25
$183.0M
Q3 25
$33.2M
$287.0M
Q2 25
$51.6M
$203.0M
Q1 25
$-8.6M
$298.0M
Q4 24
$13.4M
$153.0M
Q3 24
$29.4M
$185.0M
Q2 24
$1.8M
$244.0M
Q1 24
$-12.0M
$105.0M
Free Cash Flow
AVAH
AVAH
CART
CART
Q4 25
$171.0M
Q3 25
$272.0M
Q2 25
$187.0M
Q1 25
$280.0M
Q4 24
$141.0M
Q3 24
$171.0M
Q2 24
$220.0M
Q1 24
$91.0M
FCF Margin
AVAH
AVAH
CART
CART
Q4 25
17.2%
Q3 25
29.0%
Q2 25
20.5%
Q1 25
31.2%
Q4 24
16.0%
Q3 24
20.1%
Q2 24
26.7%
Q1 24
11.1%
Capex Intensity
AVAH
AVAH
CART
CART
Q4 25
1.2%
Q3 25
1.6%
Q2 25
1.8%
Q1 25
2.0%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.9%
Q1 24
1.7%
Cash Conversion
AVAH
AVAH
CART
CART
Q4 25
2.26×
Q3 25
2.36×
1.99×
Q2 25
1.91×
1.75×
Q1 25
-1.66×
2.81×
Q4 24
0.46×
1.03×
Q3 24
1.57×
Q2 24
0.13×
4.00×
Q1 24
0.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVAH
AVAH

Private Duty Services$514.4M83%
Home Health And Hospice$62.4M10%
Medical Solutions$45.1M7%

CART
CART

Transaction$698.0M70%
Advertising And Other$294.0M30%

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