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Side-by-side financial comparison of Maplebear Inc. (CART) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.
CIVITAS RESOURCES, INC. is the larger business by last-quarter revenue ($1.2B vs $992.0M, roughly 1.2× Maplebear Inc.). On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs -8.2%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 1.8%).
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.
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
CART vs CIVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.2B |
| Net Profit | $81.0M | — |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 20.0% |
| Net Margin | 8.2% | — |
| Revenue YoY | 12.3% | -8.2% |
| Net Profit YoY | -45.3% | — |
| EPS (diluted) | $0.31 | $1.99 |
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 | $992.0M | — | ||
| Q3 25 | $939.0M | $1.2B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.2B | ||
| Q4 24 | $883.0M | $1.3B | ||
| Q3 24 | $852.0M | $1.3B | ||
| Q2 24 | $823.0M | $1.3B | ||
| Q1 24 | $820.0M | $1.3B |
| Q4 25 | $81.0M | — | ||
| Q3 25 | $144.0M | — | ||
| Q2 25 | $116.0M | — | ||
| Q1 25 | $106.0M | — | ||
| Q4 24 | $148.0M | — | ||
| Q3 24 | $118.0M | — | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $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 | 9.9% | — | ||
| Q3 25 | 17.7% | 20.0% | ||
| Q2 25 | 13.6% | 15.3% | ||
| Q1 25 | 12.3% | 20.7% | ||
| Q4 24 | 17.6% | 15.4% | ||
| Q3 24 | 16.2% | 30.6% | ||
| Q2 24 | 6.3% | 21.6% | ||
| Q1 24 | 17.6% | 15.9% |
| Q4 25 | 8.2% | — | ||
| Q3 25 | 15.3% | — | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 11.8% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 15.9% | — |
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | $1.99 | ||
| Q2 25 | $0.41 | $1.34 | ||
| Q1 25 | $0.37 | $1.99 | ||
| Q4 24 | $0.53 | $1.56 | ||
| Q3 24 | $0.42 | $3.01 | ||
| Q2 24 | $0.20 | $2.15 | ||
| Q1 24 | $0.43 | $1.74 |
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 | $56.0M |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $2.5B | $6.7B |
| Total Assets | $3.7B | $15.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $56.0M | ||
| Q2 25 | $1.6B | $69.0M | ||
| Q1 25 | $1.6B | $20.0M | ||
| Q4 24 | $1.4B | $76.0M | ||
| Q3 24 | $1.3B | $47.1M | ||
| Q2 24 | $1.4B | $91.9M | ||
| Q1 24 | $1.5B | $52.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $3.5B | $6.7B | ||
| Q2 25 | $3.3B | $6.8B | ||
| Q1 25 | $3.2B | $6.7B | ||
| Q4 24 | $3.1B | $6.6B | ||
| Q3 24 | $2.9B | $6.7B | ||
| Q2 24 | $3.0B | $6.6B | ||
| Q1 24 | $3.1B | $6.6B |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.5B | $15.1B | ||
| Q2 25 | $4.4B | $15.4B | ||
| Q1 25 | $4.3B | $15.3B | ||
| Q4 24 | $4.1B | $14.9B | ||
| Q3 24 | $3.9B | $15.0B | ||
| Q2 24 | $4.0B | $15.0B | ||
| Q1 24 | $4.1B | $15.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.67× |
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 | $860.0M |
| 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.
| Q4 25 | $183.0M | — | ||
| Q3 25 | $287.0M | $860.0M | ||
| Q2 25 | $203.0M | $298.0M | ||
| Q1 25 | $298.0M | $719.0M | ||
| Q4 24 | $153.0M | $858.2M | ||
| Q3 24 | $185.0M | $835.0M | ||
| Q2 24 | $244.0M | $359.0M | ||
| Q1 24 | $105.0M | $813.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
