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Side-by-side financial comparison of Bloom Energy Corp (BE) 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 $751.1M, roughly 1.3× Bloom Energy Corp). Bloom Energy Corp runs the higher net margin — 9.4% vs 8.2%, a 1.2% gap on every dollar of revenue. On growth, Bloom Energy Corp posted the faster year-over-year revenue change (130.4% vs 12.3%). Over the past eight quarters, Bloom Energy Corp's revenue compounded faster (51.7% CAGR vs 10.0%).
KR Sridhar is an Indian American engineer, inventor, professor, and entrepreneur. He is the founder, chairman, and chief executive officer (CEO) of Bloom Energy. Prior, Sridhar was a professor of Aerospace and Mechanical Engineering and the Director of the Space Technologies Laboratory (STL) at the University of Arizona. He worked with and advised NASA, and is a member of the National Academy of Engineering.
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.
BE vs CART — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.1M | $992.0M |
| Net Profit | $70.7M | $81.0M |
| Gross Margin | 30.0% | 72.3% |
| Operating Margin | 17.3% | 9.9% |
| Net Margin | 9.4% | 8.2% |
| Revenue YoY | 130.4% | 12.3% |
| Net Profit YoY | — | -45.3% |
| EPS (diluted) | $0.44 | $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.
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $992.0M | ||
| Q3 25 | $513.3M | $939.0M | ||
| Q2 25 | $396.3M | $914.0M | ||
| Q1 25 | $319.3M | $897.0M | ||
| Q4 24 | $567.0M | $883.0M | ||
| Q3 24 | $321.8M | $852.0M | ||
| Q2 24 | $326.5M | $823.0M |
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | $81.0M | ||
| Q3 25 | $-23.0M | $144.0M | ||
| Q2 25 | $-42.2M | $116.0M | ||
| Q1 25 | $-23.4M | $106.0M | ||
| Q4 24 | $105.2M | $148.0M | ||
| Q3 24 | $-14.6M | $118.0M | ||
| Q2 24 | $-61.2M | $61.0M |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | 72.3% | ||
| Q3 25 | 29.5% | 73.7% | ||
| Q2 25 | 27.0% | 74.2% | ||
| Q1 25 | 27.8% | 74.8% | ||
| Q4 24 | 38.7% | 75.2% | ||
| Q3 24 | 24.5% | 75.2% | ||
| Q2 24 | 21.0% | 75.7% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 9.9% | ||
| Q3 25 | 1.5% | 17.7% | ||
| Q2 25 | -0.9% | 13.6% | ||
| Q1 25 | -6.0% | 12.3% | ||
| Q4 24 | 18.5% | 17.6% | ||
| Q3 24 | -3.0% | 16.2% | ||
| Q2 24 | -7.1% | 6.3% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | 8.2% | ||
| Q3 25 | -4.5% | 15.3% | ||
| Q2 25 | -10.6% | 12.7% | ||
| Q1 25 | -7.3% | 11.8% | ||
| Q4 24 | 18.5% | 16.8% | ||
| Q3 24 | -4.5% | 13.8% | ||
| Q2 24 | -18.7% | 7.4% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $0.31 | ||
| Q3 25 | $-100.00 | $0.51 | ||
| Q2 25 | $-0.18 | $0.41 | ||
| Q1 25 | $-0.10 | $0.37 | ||
| Q4 24 | $0.45 | $0.53 | ||
| Q3 24 | $-0.06 | $0.42 | ||
| Q2 24 | $-0.27 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $687.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $948.0K | $2.5B |
| Total Assets | $4.7B | $3.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $687.0M | ||
| Q3 25 | $595.1M | $1.7B | ||
| Q2 25 | $574.8M | $1.6B | ||
| Q1 25 | $794.8M | $1.6B | ||
| Q4 24 | $802.9M | $1.4B | ||
| Q3 24 | $495.7M | $1.3B | ||
| Q2 24 | $581.7M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $2.5B | ||
| Q3 25 | $653.1M | $3.5B | ||
| Q2 25 | $594.6M | $3.3B | ||
| Q1 25 | $578.3M | $3.2B | ||
| Q4 24 | $562.5M | $3.1B | ||
| Q3 24 | $430.9M | $2.9B | ||
| Q2 24 | $423.3M | $3.0B |
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $3.7B | ||
| Q3 25 | $2.6B | $4.5B | ||
| Q2 25 | $2.5B | $4.4B | ||
| Q1 25 | $2.6B | $4.3B | ||
| Q4 24 | $2.7B | $4.1B | ||
| Q3 24 | $2.6B | $3.9B | ||
| Q2 24 | $2.5B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | — |
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 | — | $183.0M |
| Free Cash FlowOCF − Capex | — | $171.0M |
| FCF MarginFCF / Revenue | — | 17.2% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $910.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $183.0M | ||
| Q3 25 | $19.7M | $287.0M | ||
| Q2 25 | $-213.1M | $203.0M | ||
| Q1 25 | $-110.7M | $298.0M | ||
| Q4 24 | $484.2M | $153.0M | ||
| Q3 24 | $-69.5M | $185.0M | ||
| Q2 24 | $-175.5M | $244.0M |
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $171.0M | ||
| Q3 25 | $7.4M | $272.0M | ||
| Q2 25 | $-220.4M | $187.0M | ||
| Q1 25 | $-124.9M | $280.0M | ||
| Q4 24 | $473.1M | $141.0M | ||
| Q3 24 | $-83.8M | $171.0M | ||
| Q2 24 | $-187.5M | $220.0M |
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 17.2% | ||
| Q3 25 | 1.4% | 29.0% | ||
| Q2 25 | -55.6% | 20.5% | ||
| Q1 25 | -39.1% | 31.2% | ||
| Q4 24 | 83.4% | 16.0% | ||
| Q3 24 | -26.0% | 20.1% | ||
| Q2 24 | -57.4% | 26.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.2% | ||
| Q3 25 | 2.4% | 1.6% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 4.5% | 2.0% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 4.4% | 1.6% | ||
| Q2 24 | 3.7% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | 2.26× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 2.81× | ||
| Q4 24 | 4.60× | 1.03× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 4.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
