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Side-by-side financial comparison of Maplebear Inc. (CART) and Datadog (DDOG). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $953.2M, roughly 1.0× Datadog). Maplebear Inc. runs the higher net margin — 8.2% vs 4.9%, a 3.3% gap on every dollar of revenue. On growth, Datadog posted the faster year-over-year revenue change (29.2% vs 12.3%). Datadog produced more free cash flow last quarter ($318.2M vs $171.0M). Over the past eight quarters, Datadog's revenue compounded faster (24.9% CAGR vs 10.0%).
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.
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
CART vs DDOG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $953.2M |
| Net Profit | $81.0M | $46.6M |
| Gross Margin | 72.3% | 80.4% |
| Operating Margin | 9.9% | 1.0% |
| Net Margin | 8.2% | 4.9% |
| Revenue YoY | 12.3% | 29.2% |
| Net Profit YoY | -45.3% | 2.1% |
| EPS (diluted) | $0.31 | $0.13 |
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 | $953.2M | ||
| Q3 25 | $939.0M | $885.7M | ||
| Q2 25 | $914.0M | $826.8M | ||
| Q1 25 | $897.0M | $761.6M | ||
| Q4 24 | $883.0M | $737.7M | ||
| Q3 24 | $852.0M | $690.0M | ||
| Q2 24 | $823.0M | $645.3M | ||
| Q1 24 | $820.0M | $611.3M |
| Q4 25 | $81.0M | $46.6M | ||
| Q3 25 | $144.0M | $33.9M | ||
| Q2 25 | $116.0M | $2.6M | ||
| Q1 25 | $106.0M | $24.6M | ||
| Q4 24 | $148.0M | $45.6M | ||
| Q3 24 | $118.0M | $51.7M | ||
| Q2 24 | $61.0M | $43.8M | ||
| Q1 24 | $130.0M | $42.6M |
| Q4 25 | 72.3% | 80.4% | ||
| Q3 25 | 73.7% | 80.1% | ||
| Q2 25 | 74.2% | 79.9% | ||
| Q1 25 | 74.8% | 79.3% | ||
| Q4 24 | 75.2% | 80.5% | ||
| Q3 24 | 75.2% | 80.0% | ||
| Q2 24 | 75.7% | 80.9% | ||
| Q1 24 | 74.9% | 82.0% |
| Q4 25 | 9.9% | 1.0% | ||
| Q3 25 | 17.7% | -0.7% | ||
| Q2 25 | 13.6% | -4.3% | ||
| Q1 25 | 12.3% | -1.6% | ||
| Q4 24 | 17.6% | 1.3% | ||
| Q3 24 | 16.2% | 2.9% | ||
| Q2 24 | 6.3% | 2.0% | ||
| Q1 24 | 17.6% | 2.0% |
| Q4 25 | 8.2% | 4.9% | ||
| Q3 25 | 15.3% | 3.8% | ||
| Q2 25 | 12.7% | 0.3% | ||
| Q1 25 | 11.8% | 3.2% | ||
| Q4 24 | 16.8% | 6.2% | ||
| Q3 24 | 13.8% | 7.5% | ||
| Q2 24 | 7.4% | 6.8% | ||
| Q1 24 | 15.9% | 7.0% |
| Q4 25 | $0.31 | $0.13 | ||
| Q3 25 | $0.51 | $0.10 | ||
| Q2 25 | $0.41 | $0.01 | ||
| Q1 25 | $0.37 | $0.07 | ||
| Q4 24 | $0.53 | $0.14 | ||
| Q3 24 | $0.42 | $0.14 | ||
| Q2 24 | $0.20 | $0.12 | ||
| Q1 24 | $0.43 | $0.12 |
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 | $401.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $3.7B |
| Total Assets | $3.7B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $401.3M | ||
| Q3 25 | $1.7B | $540.6M | ||
| Q2 25 | $1.6B | $489.0M | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $337.4M | ||
| Q2 24 | $1.4B | $411.0M | ||
| Q1 24 | $1.5B | $282.2M |
| Q4 25 | $2.5B | $3.7B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.3B | $3.2B | ||
| Q1 25 | $3.2B | $2.9B | ||
| Q4 24 | $3.1B | $2.7B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $3.1B | $2.2B |
| Q4 25 | $3.7B | $6.6B | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.4B | $5.8B | ||
| Q1 25 | $4.3B | $6.0B | ||
| Q4 24 | $4.1B | $5.8B | ||
| Q3 24 | $3.9B | $4.6B | ||
| Q2 24 | $4.0B | $4.4B | ||
| Q1 24 | $4.1B | $4.1B |
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 | $327.1M |
| Free Cash FlowOCF − Capex | $171.0M | $318.2M |
| FCF MarginFCF / Revenue | 17.2% | 33.4% |
| Capex IntensityCapex / Revenue | 1.2% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.26× | 7.02× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $327.1M | ||
| Q3 25 | $287.0M | $251.5M | ||
| Q2 25 | $203.0M | $200.1M | ||
| Q1 25 | $298.0M | $271.5M | ||
| Q4 24 | $153.0M | $265.2M | ||
| Q3 24 | $185.0M | $228.7M | ||
| Q2 24 | $244.0M | $164.4M | ||
| Q1 24 | $105.0M | $212.3M |
| Q4 25 | $171.0M | $318.2M | ||
| Q3 25 | $272.0M | $234.7M | ||
| Q2 25 | $187.0M | $184.9M | ||
| Q1 25 | $280.0M | $262.8M | ||
| Q4 24 | $141.0M | $257.5M | ||
| Q3 24 | $171.0M | $220.3M | ||
| Q2 24 | $220.0M | $160.0M | ||
| Q1 24 | $91.0M | $198.1M |
| Q4 25 | 17.2% | 33.4% | ||
| Q3 25 | 29.0% | 26.5% | ||
| Q2 25 | 20.5% | 22.4% | ||
| Q1 25 | 31.2% | 34.5% | ||
| Q4 24 | 16.0% | 34.9% | ||
| Q3 24 | 20.1% | 31.9% | ||
| Q2 24 | 26.7% | 24.8% | ||
| Q1 24 | 11.1% | 32.4% |
| Q4 25 | 1.2% | 0.9% | ||
| Q3 25 | 1.6% | 1.9% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.0% | 1.1% | ||
| Q4 24 | 1.4% | 1.1% | ||
| Q3 24 | 1.6% | 1.2% | ||
| Q2 24 | 2.9% | 0.7% | ||
| Q1 24 | 1.7% | 2.3% |
| Q4 25 | 2.26× | 7.02× | ||
| Q3 25 | 1.99× | 7.42× | ||
| Q2 25 | 1.75× | 75.58× | ||
| Q1 25 | 2.81× | 11.02× | ||
| Q4 24 | 1.03× | 5.82× | ||
| Q3 24 | 1.57× | 4.42× | ||
| Q2 24 | 4.00× | 3.75× | ||
| Q1 24 | 0.81× | 4.98× |
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% |
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
