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Side-by-side financial comparison of Maplebear Inc. (CART) and Driven Brands Holdings Inc. (DRVN). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $535.7M, roughly 1.9× Driven Brands Holdings Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs 8.2%, a 3.2% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 6.6%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $39.5M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -4.0%).
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.
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
CART vs DRVN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $535.7M |
| Net Profit | $81.0M | $60.9M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 11.6% |
| Net Margin | 8.2% | 11.4% |
| Revenue YoY | 12.3% | 6.6% |
| Net Profit YoY | -45.3% | 507.2% |
| EPS (diluted) | $0.31 | $0.37 |
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 | $535.7M | ||
| Q2 25 | $914.0M | $551.0M | ||
| Q1 25 | $897.0M | $516.2M | ||
| Q4 24 | $883.0M | $836.5M | ||
| Q3 24 | $852.0M | $502.3M | ||
| Q2 24 | $823.0M | $518.8M | ||
| Q1 24 | $820.0M | $482.0M |
| Q4 25 | $81.0M | — | ||
| Q3 25 | $144.0M | $60.9M | ||
| Q2 25 | $116.0M | $47.6M | ||
| Q1 25 | $106.0M | $5.5M | ||
| Q4 24 | $148.0M | $-312.0M | ||
| Q3 24 | $118.0M | $-14.9M | ||
| Q2 24 | $61.0M | $30.2M | ||
| Q1 24 | $130.0M | $4.3M |
| 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% | 11.6% | ||
| Q2 25 | 13.6% | 6.9% | ||
| Q1 25 | 12.3% | 11.9% | ||
| Q4 24 | 17.6% | -41.6% | ||
| Q3 24 | 16.2% | 9.9% | ||
| Q2 24 | 6.3% | 17.4% | ||
| Q1 24 | 17.6% | 14.1% |
| Q4 25 | 8.2% | — | ||
| Q3 25 | 15.3% | 11.4% | ||
| Q2 25 | 12.7% | 8.6% | ||
| Q1 25 | 11.8% | 1.1% | ||
| Q4 24 | 16.8% | -37.3% | ||
| Q3 24 | 13.8% | -3.0% | ||
| Q2 24 | 7.4% | 5.8% | ||
| Q1 24 | 15.9% | 0.9% |
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | $0.37 | ||
| Q2 25 | $0.41 | $0.29 | ||
| Q1 25 | $0.37 | $0.04 | ||
| Q4 24 | $0.53 | $-1.93 | ||
| Q3 24 | $0.42 | $-0.09 | ||
| Q2 24 | $0.20 | $0.18 | ||
| Q1 24 | $0.43 | $0.02 |
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 | $162.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.5B | $793.5M |
| Total Assets | $3.7B | $4.2B |
| Debt / EquityLower = less leverage | — | 2.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $162.0M | ||
| Q2 25 | $1.6B | $166.1M | ||
| Q1 25 | $1.6B | $152.0M | ||
| Q4 24 | $1.4B | $149.6M | ||
| Q3 24 | $1.3B | $204.2M | ||
| Q2 24 | $1.4B | $148.8M | ||
| Q1 24 | $1.5B | $165.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $3.5B | $793.5M | ||
| Q2 25 | $3.3B | $743.4M | ||
| Q1 25 | $3.2B | $643.2M | ||
| Q4 24 | $3.1B | $607.3M | ||
| Q3 24 | $2.9B | $962.8M | ||
| Q2 24 | $3.0B | $942.8M | ||
| Q1 24 | $3.1B | $906.2M |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.5B | $4.2B | ||
| Q2 25 | $4.4B | $4.3B | ||
| Q1 25 | $4.3B | $5.3B | ||
| Q4 24 | $4.1B | $5.3B | ||
| Q3 24 | $3.9B | $5.8B | ||
| Q2 24 | $4.0B | $5.8B | ||
| Q1 24 | $4.1B | $5.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | 2.82× | ||
| Q1 25 | — | 4.07× | ||
| Q4 24 | — | 4.37× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.03× | ||
| Q1 24 | — | 3.21× |
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 | $79.2M |
| Free Cash FlowOCF − Capex | $171.0M | $39.5M |
| FCF MarginFCF / Revenue | 17.2% | 7.4% |
| Capex IntensityCapex / Revenue | 1.2% | 7.4% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $31.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | — | ||
| Q3 25 | $287.0M | $79.2M | ||
| Q2 25 | $203.0M | $80.4M | ||
| Q1 25 | $298.0M | $75.1M | ||
| Q4 24 | $153.0M | $32.9M | ||
| Q3 24 | $185.0M | $101.3M | ||
| Q2 24 | $244.0M | $46.9M | ||
| Q1 24 | $105.0M | $60.3M |
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | $39.5M | ||
| Q2 25 | $187.0M | $9.0M | ||
| Q1 25 | $280.0M | $18.9M | ||
| Q4 24 | $141.0M | $-36.3M | ||
| Q3 24 | $171.0M | $37.9M | ||
| Q2 24 | $220.0M | $-19.5M | ||
| Q1 24 | $91.0M | $-29.2M |
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | 7.4% | ||
| Q2 25 | 20.5% | 1.6% | ||
| Q1 25 | 31.2% | 3.7% | ||
| Q4 24 | 16.0% | -4.3% | ||
| Q3 24 | 20.1% | 7.5% | ||
| Q2 24 | 26.7% | -3.8% | ||
| Q1 24 | 11.1% | -6.1% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | 7.4% | ||
| Q2 25 | 1.8% | 13.0% | ||
| Q1 25 | 2.0% | 10.9% | ||
| Q4 24 | 1.4% | 8.3% | ||
| Q3 24 | 1.6% | 12.6% | ||
| Q2 24 | 2.9% | 12.8% | ||
| Q1 24 | 1.7% | 18.6% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 1.30× | ||
| Q2 25 | 1.75× | 1.69× | ||
| Q1 25 | 2.81× | 13.65× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | 1.56× | ||
| Q1 24 | 0.81× | 14.15× |
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% |
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
