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Side-by-side financial comparison of Maplebear Inc. (CART) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $992.0M, roughly 1.3× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 6.5%, a 1.6% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 5.3%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-530.5M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 0.4%).
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.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
CART vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.3B |
| Net Profit | $81.0M | $84.3M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 18.5% |
| Net Margin | 8.2% | 6.5% |
| Revenue YoY | 12.3% | 5.3% |
| Net Profit YoY | -45.3% | 7.8% |
| EPS (diluted) | $0.31 | $0.35 |
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 | $1.3B | ||
| Q3 25 | $939.0M | $1.8B | ||
| Q2 25 | $914.0M | $1.4B | ||
| Q1 25 | $897.0M | $1.3B | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.8B | ||
| Q2 24 | $823.0M | $1.4B | ||
| Q1 24 | $820.0M | $1.3B |
| Q4 25 | $81.0M | $84.3M | ||
| Q3 25 | $144.0M | $475.0M | ||
| Q2 25 | $116.0M | $171.3M | ||
| Q1 25 | $106.0M | $125.0M | ||
| Q4 24 | $148.0M | $78.2M | ||
| Q3 24 | $118.0M | $465.6M | ||
| Q2 24 | $61.0M | $207.0M | ||
| Q1 24 | $130.0M | $122.7M |
| 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% | 18.5% | ||
| Q3 25 | 17.7% | 37.3% | ||
| Q2 25 | 13.6% | 25.4% | ||
| Q1 25 | 12.3% | 22.5% | ||
| Q4 24 | 17.6% | 18.1% | ||
| Q3 24 | 16.2% | 35.1% | ||
| Q2 24 | 6.3% | 25.4% | ||
| Q1 24 | 17.6% | 20.3% |
| Q4 25 | 8.2% | 6.5% | ||
| Q3 25 | 15.3% | 26.9% | ||
| Q2 25 | 12.7% | 12.6% | ||
| Q1 25 | 11.8% | 9.7% | ||
| Q4 24 | 16.8% | 6.4% | ||
| Q3 24 | 13.8% | 26.0% | ||
| Q2 24 | 7.4% | 14.7% | ||
| Q1 24 | 15.9% | 9.6% |
| Q4 25 | $0.31 | $0.35 | ||
| Q3 25 | $0.51 | $2.03 | ||
| Q2 25 | $0.41 | $0.74 | ||
| Q1 25 | $0.37 | $0.54 | ||
| Q4 24 | $0.53 | $0.34 | ||
| Q3 24 | $0.42 | $2.02 | ||
| Q2 24 | $0.20 | $0.90 | ||
| Q1 24 | $0.43 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $10.2B |
| Total Assets | $3.7B | $33.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $19.8M | ||
| Q3 25 | $1.7B | $27.5M | ||
| Q2 25 | $1.6B | $27.8M | ||
| Q1 25 | $1.6B | $35.3M | ||
| Q4 24 | $1.4B | $22.0M | ||
| Q3 24 | $1.3B | $34.6M | ||
| Q2 24 | $1.4B | $26.1M | ||
| Q1 24 | $1.5B | $63.7M |
| Q4 25 | $2.5B | $10.2B | ||
| Q3 25 | $3.5B | $10.3B | ||
| Q2 25 | $3.3B | $10.0B | ||
| Q1 25 | $3.2B | $9.9B | ||
| Q4 24 | $3.1B | $10.0B | ||
| Q3 24 | $2.9B | $10.0B | ||
| Q2 24 | $3.0B | $9.7B | ||
| Q1 24 | $3.1B | $9.6B |
| Q4 25 | $3.7B | $33.9B | ||
| Q3 25 | $4.5B | $33.4B | ||
| Q2 25 | $4.4B | $32.9B | ||
| Q1 25 | $4.3B | $32.5B | ||
| Q4 24 | $4.1B | $32.3B | ||
| Q3 24 | $3.9B | $32.1B | ||
| Q2 24 | $4.0B | $31.8B | ||
| Q1 24 | $4.1B | $31.3B |
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 | $334.0M |
| Free Cash FlowOCF − Capex | $171.0M | $-530.5M |
| FCF MarginFCF / Revenue | 17.2% | -41.1% |
| Capex IntensityCapex / Revenue | 1.2% | 66.9% |
| Cash ConversionOCF / Net Profit | 2.26× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $334.0M | ||
| Q3 25 | $287.0M | $937.7M | ||
| Q2 25 | $203.0M | $323.9M | ||
| Q1 25 | $298.0M | $449.6M | ||
| Q4 24 | $153.0M | $395.6M | ||
| Q3 24 | $185.0M | $953.3M | ||
| Q2 24 | $244.0M | $317.5M | ||
| Q1 24 | $105.0M | $317.3M |
| Q4 25 | $171.0M | $-530.5M | ||
| Q3 25 | $272.0M | $225.4M | ||
| Q2 25 | $187.0M | $-303.4M | ||
| Q1 25 | $280.0M | $-143.2M | ||
| Q4 24 | $141.0M | $-118.6M | ||
| Q3 24 | $171.0M | $427.0M | ||
| Q2 24 | $220.0M | $-360.0M | ||
| Q1 24 | $91.0M | $-301.3M |
| Q4 25 | 17.2% | -41.1% | ||
| Q3 25 | 29.0% | 12.8% | ||
| Q2 25 | 20.5% | -22.4% | ||
| Q1 25 | 31.2% | -11.1% | ||
| Q4 24 | 16.0% | -9.7% | ||
| Q3 24 | 20.1% | 23.9% | ||
| Q2 24 | 26.7% | -25.6% | ||
| Q1 24 | 11.1% | -23.5% |
| Q4 25 | 1.2% | 66.9% | ||
| Q3 25 | 1.6% | 40.4% | ||
| Q2 25 | 1.8% | 46.3% | ||
| Q1 25 | 2.0% | 45.8% | ||
| Q4 24 | 1.4% | 41.9% | ||
| Q3 24 | 1.6% | 29.4% | ||
| Q2 24 | 2.9% | 48.1% | ||
| Q1 24 | 1.7% | 48.3% |
| Q4 25 | 2.26× | 3.96× | ||
| Q3 25 | 1.99× | 1.97× | ||
| Q2 25 | 1.75× | 1.89× | ||
| Q1 25 | 2.81× | 3.60× | ||
| Q4 24 | 1.03× | 5.06× | ||
| Q3 24 | 1.57× | 2.05× | ||
| Q2 24 | 4.00× | 1.53× | ||
| Q1 24 | 0.81× | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
