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Side-by-side financial comparison of AvalonBay Communities (AVB) 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 $767.9M, roughly 1.3× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 8.2%, a 9032.4% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $171.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
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.
AVB vs CART — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $992.0M |
| Net Profit | $166.0M | $81.0M |
| Gross Margin | — | 72.3% |
| Operating Margin | 64.2% | 9.9% |
| Net Margin | 9040.6% | 8.2% |
| Revenue YoY | 3.7% | 12.3% |
| Net Profit YoY | -41.2% | -45.3% |
| EPS (diluted) | $1.18 | $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.
| Q4 25 | $767.9M | $992.0M | ||
| Q3 25 | $766.8M | $939.0M | ||
| Q2 25 | $760.2M | $914.0M | ||
| Q1 25 | $745.9M | $897.0M | ||
| Q4 24 | $740.5M | $883.0M | ||
| Q3 24 | $734.3M | $852.0M | ||
| Q2 24 | $726.0M | $823.0M | ||
| Q1 24 | $712.9M | $820.0M |
| Q4 25 | $166.0M | $81.0M | ||
| Q3 25 | $381.3M | $144.0M | ||
| Q2 25 | $268.7M | $116.0M | ||
| Q1 25 | $236.6M | $106.0M | ||
| Q4 24 | $282.1M | $148.0M | ||
| Q3 24 | $372.5M | $118.0M | ||
| Q2 24 | $253.9M | $61.0M | ||
| Q1 24 | $173.4M | $130.0M |
| Q4 25 | — | 72.3% | ||
| Q3 25 | — | 73.7% | ||
| Q2 25 | — | 74.2% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.2% | ||
| Q2 24 | — | 75.7% | ||
| Q1 24 | — | 74.9% |
| Q4 25 | 64.2% | 9.9% | ||
| Q3 25 | 65.7% | 17.7% | ||
| Q2 25 | 67.6% | 13.6% | ||
| Q1 25 | 68.5% | 12.3% | ||
| Q4 24 | 63.1% | 17.6% | ||
| Q3 24 | 65.4% | 16.2% | ||
| Q2 24 | 66.6% | 6.3% | ||
| Q1 24 | 67.2% | 17.6% |
| Q4 25 | 9040.6% | 8.2% | ||
| Q3 25 | 49.7% | 15.3% | ||
| Q2 25 | 35.3% | 12.7% | ||
| Q1 25 | 31.7% | 11.8% | ||
| Q4 24 | 38.1% | 16.8% | ||
| Q3 24 | 50.7% | 13.8% | ||
| Q2 24 | 35.0% | 7.4% | ||
| Q1 24 | 24.3% | 15.9% |
| Q4 25 | $1.18 | $0.31 | ||
| Q3 25 | $2.68 | $0.51 | ||
| Q2 25 | $1.88 | $0.41 | ||
| Q1 25 | $1.66 | $0.37 | ||
| Q4 24 | $1.99 | $0.53 | ||
| Q3 24 | $2.61 | $0.42 | ||
| Q2 24 | $1.78 | $0.20 | ||
| Q1 24 | $1.22 | $0.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $687.0M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $2.5B |
| Total Assets | $22.2B | $3.7B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $687.0M | ||
| Q3 25 | $123.3M | $1.7B | ||
| Q2 25 | $102.8M | $1.6B | ||
| Q1 25 | $53.3M | $1.6B | ||
| Q4 24 | $108.6M | $1.4B | ||
| Q3 24 | $552.4M | $1.3B | ||
| Q2 24 | $545.8M | $1.4B | ||
| Q1 24 | $287.9M | $1.5B |
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $2.5B | ||
| Q3 25 | $11.9B | $3.5B | ||
| Q2 25 | $11.9B | $3.3B | ||
| Q1 25 | $11.9B | $3.2B | ||
| Q4 24 | $11.9B | $3.1B | ||
| Q3 24 | $11.9B | $2.9B | ||
| Q2 24 | $11.7B | $3.0B | ||
| Q1 24 | $11.7B | $3.1B |
| Q4 25 | $22.2B | $3.7B | ||
| Q3 25 | $21.9B | $4.5B | ||
| Q2 25 | $21.8B | $4.4B | ||
| Q1 25 | $21.2B | $4.3B | ||
| Q4 24 | $21.0B | $4.1B | ||
| Q3 24 | $21.3B | $3.9B | ||
| Q2 24 | $21.0B | $4.0B | ||
| Q1 24 | $20.6B | $4.1B |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | $183.0M |
| Free Cash FlowOCF − Capex | $1.4B | $171.0M |
| FCF MarginFCF / Revenue | 183.5% | 17.2% |
| Capex IntensityCapex / Revenue | 34.1% | 1.2% |
| Cash ConversionOCF / Net Profit | 10.07× | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $910.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $183.0M | ||
| Q3 25 | $477.0M | $287.0M | ||
| Q2 25 | $377.8M | $203.0M | ||
| Q1 25 | $415.9M | $298.0M | ||
| Q4 24 | $1.6B | $153.0M | ||
| Q3 24 | $486.2M | $185.0M | ||
| Q2 24 | $380.0M | $244.0M | ||
| Q1 24 | $412.9M | $105.0M |
| Q4 25 | $1.4B | $171.0M | ||
| Q3 25 | $402.2M | $272.0M | ||
| Q2 25 | $317.1M | $187.0M | ||
| Q1 25 | $367.5M | $280.0M | ||
| Q4 24 | $1.4B | $141.0M | ||
| Q3 24 | $434.2M | $171.0M | ||
| Q2 24 | $333.0M | $220.0M | ||
| Q1 24 | $375.4M | $91.0M |
| Q4 25 | 183.5% | 17.2% | ||
| Q3 25 | 52.5% | 29.0% | ||
| Q2 25 | 41.7% | 20.5% | ||
| Q1 25 | 49.3% | 31.2% | ||
| Q4 24 | 191.0% | 16.0% | ||
| Q3 24 | 59.1% | 20.1% | ||
| Q2 24 | 45.9% | 26.7% | ||
| Q1 24 | 52.7% | 11.1% |
| Q4 25 | 34.1% | 1.2% | ||
| Q3 25 | 9.8% | 1.6% | ||
| Q2 25 | 8.0% | 1.8% | ||
| Q1 25 | 6.5% | 2.0% | ||
| Q4 24 | 26.1% | 1.4% | ||
| Q3 24 | 7.1% | 1.6% | ||
| Q2 24 | 6.5% | 2.9% | ||
| Q1 24 | 5.3% | 1.7% |
| Q4 25 | 10.07× | 2.26× | ||
| Q3 25 | 1.25× | 1.99× | ||
| Q2 25 | 1.41× | 1.75× | ||
| Q1 25 | 1.76× | 2.81× | ||
| Q4 24 | 5.70× | 1.03× | ||
| Q3 24 | 1.31× | 1.57× | ||
| Q2 24 | 1.50× | 4.00× | ||
| Q1 24 | 2.38× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
