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Side-by-side financial comparison of Maplebear Inc. (CART) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.1× Maplebear Inc.). Fabrinet runs the higher net margin — 9.9% vs 8.2%, a 1.8% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 12.3%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CART vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $112.6M |
| Gross Margin | 72.3% | 12.2% |
| Operating Margin | 9.9% | 10.1% |
| Net Margin | 8.2% | 9.9% |
| Revenue YoY | 12.3% | 35.9% |
| Net Profit YoY | -45.3% | 30.0% |
| EPS (diluted) | $0.31 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $939.0M | $978.1M | ||
| Q2 25 | $914.0M | $909.7M | ||
| Q1 25 | $897.0M | $871.8M | ||
| Q4 24 | $883.0M | $833.6M | ||
| Q3 24 | $852.0M | $804.2M | ||
| Q2 24 | $823.0M | $753.3M | ||
| Q1 24 | $820.0M | $731.5M |
| Q4 25 | $81.0M | $112.6M | ||
| Q3 25 | $144.0M | $95.9M | ||
| Q2 25 | $116.0M | $87.2M | ||
| Q1 25 | $106.0M | $81.3M | ||
| Q4 24 | $148.0M | $86.6M | ||
| Q3 24 | $118.0M | $77.4M | ||
| Q2 24 | $61.0M | $81.1M | ||
| Q1 24 | $130.0M | $80.9M |
| Q4 25 | 72.3% | 12.2% | ||
| Q3 25 | 73.7% | 11.9% | ||
| Q2 25 | 74.2% | 12.2% | ||
| Q1 25 | 74.8% | 11.7% | ||
| Q4 24 | 75.2% | 12.1% | ||
| Q3 24 | 75.2% | 12.3% | ||
| Q2 24 | 75.7% | 12.3% | ||
| Q1 24 | 74.9% | 12.4% |
| Q4 25 | 9.9% | 10.1% | ||
| Q3 25 | 17.7% | 9.6% | ||
| Q2 25 | 13.6% | 9.8% | ||
| Q1 25 | 12.3% | 9.0% | ||
| Q4 24 | 17.6% | 9.5% | ||
| Q3 24 | 16.2% | 9.6% | ||
| Q2 24 | 6.3% | 9.7% | ||
| Q1 24 | 17.6% | 9.7% |
| Q4 25 | 8.2% | 9.9% | ||
| Q3 25 | 15.3% | 9.8% | ||
| Q2 25 | 12.7% | 9.6% | ||
| Q1 25 | 11.8% | 9.3% | ||
| Q4 24 | 16.8% | 10.4% | ||
| Q3 24 | 13.8% | 9.6% | ||
| Q2 24 | 7.4% | 10.8% | ||
| Q1 24 | 15.9% | 11.1% |
| Q4 25 | $0.31 | $3.11 | ||
| Q3 25 | $0.51 | $2.66 | ||
| Q2 25 | $0.41 | $2.41 | ||
| Q1 25 | $0.37 | $2.25 | ||
| Q4 24 | $0.53 | $2.38 | ||
| Q3 24 | $0.42 | $2.13 | ||
| Q2 24 | $0.20 | $2.22 | ||
| Q1 24 | $0.43 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.2B |
| Total Assets | $3.7B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $960.8M | ||
| Q3 25 | $1.7B | $968.8M | ||
| Q2 25 | $1.6B | $934.2M | ||
| Q1 25 | $1.6B | $950.7M | ||
| Q4 24 | $1.4B | $934.6M | ||
| Q3 24 | $1.3B | $908.9M | ||
| Q2 24 | $1.4B | $858.6M | ||
| Q1 24 | $1.5B | $794.0M |
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.3B | $2.0B | ||
| Q1 25 | $3.2B | $1.9B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $2.9B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B | ||
| Q1 24 | $3.1B | $1.7B |
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $4.5B | $3.0B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $4.3B | $2.6B | ||
| Q4 24 | $4.1B | $2.5B | ||
| Q3 24 | $3.9B | $2.4B | ||
| Q2 24 | $4.0B | $2.3B | ||
| Q1 24 | $4.1B | $2.2B |
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 | $46.3M |
| Free Cash FlowOCF − Capex | $171.0M | $-5.3M |
| FCF MarginFCF / Revenue | 17.2% | -0.5% |
| Capex IntensityCapex / Revenue | 1.2% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.26× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $46.3M | ||
| Q3 25 | $287.0M | $102.6M | ||
| Q2 25 | $203.0M | $55.1M | ||
| Q1 25 | $298.0M | $74.2M | ||
| Q4 24 | $153.0M | $115.9M | ||
| Q3 24 | $185.0M | $83.2M | ||
| Q2 24 | $244.0M | $83.1M | ||
| Q1 24 | $105.0M | $100.9M |
| Q4 25 | $171.0M | $-5.3M | ||
| Q3 25 | $272.0M | $57.3M | ||
| Q2 25 | $187.0M | $4.7M | ||
| Q1 25 | $280.0M | $45.7M | ||
| Q4 24 | $141.0M | $94.0M | ||
| Q3 24 | $171.0M | $62.9M | ||
| Q2 24 | $220.0M | $70.4M | ||
| Q1 24 | $91.0M | $87.3M |
| Q4 25 | 17.2% | -0.5% | ||
| Q3 25 | 29.0% | 5.9% | ||
| Q2 25 | 20.5% | 0.5% | ||
| Q1 25 | 31.2% | 5.2% | ||
| Q4 24 | 16.0% | 11.3% | ||
| Q3 24 | 20.1% | 7.8% | ||
| Q2 24 | 26.7% | 9.3% | ||
| Q1 24 | 11.1% | 11.9% |
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.6% | 4.6% | ||
| Q2 25 | 1.8% | 5.5% | ||
| Q1 25 | 2.0% | 3.3% | ||
| Q4 24 | 1.4% | 2.6% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 2.9% | 1.7% | ||
| Q1 24 | 1.7% | 1.9% |
| Q4 25 | 2.26× | 0.41× | ||
| Q3 25 | 1.99× | 1.07× | ||
| Q2 25 | 1.75× | 0.63× | ||
| Q1 25 | 2.81× | 0.91× | ||
| Q4 24 | 1.03× | 1.34× | ||
| Q3 24 | 1.57× | 1.07× | ||
| Q2 24 | 4.00× | 1.02× | ||
| Q1 24 | 0.81× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
