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Side-by-side financial comparison of Maplebear Inc. (CART) and Floor & Decor Holdings, Inc. (FND). Click either name above to swap in a different company.
Floor & Decor Holdings, Inc. is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.1× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 3.5%, a 4.7% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 2.0%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -0.2%).
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.
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States.
CART vs FND — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $39.3M |
| Gross Margin | 72.3% | 43.5% |
| Operating Margin | 9.9% | 4.6% |
| Net Margin | 8.2% | 3.5% |
| Revenue YoY | 12.3% | 2.0% |
| Net Profit YoY | -45.3% | -17.2% |
| EPS (diluted) | $0.31 | $0.36 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $992.0M | $1.1B | ||
| Q3 25 | $939.0M | $1.2B | ||
| Q2 25 | $914.0M | $1.2B | ||
| Q1 25 | $897.0M | $1.2B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.1B |
| Q1 26 | — | $39.3M | ||
| Q4 25 | $81.0M | $39.3M | ||
| Q3 25 | $144.0M | $57.3M | ||
| Q2 25 | $116.0M | $63.2M | ||
| Q1 25 | $106.0M | $48.9M | ||
| Q4 24 | $148.0M | $47.5M | ||
| Q3 24 | $118.0M | $51.7M | ||
| Q2 24 | $61.0M | $56.7M |
| Q1 26 | — | 43.5% | ||
| Q4 25 | 72.3% | 43.5% | ||
| Q3 25 | 73.7% | 43.4% | ||
| Q2 25 | 74.2% | 43.9% | ||
| Q1 25 | 74.8% | 43.8% | ||
| Q4 24 | 75.2% | 43.5% | ||
| Q3 24 | 75.2% | 43.5% | ||
| Q2 24 | 75.7% | 43.3% |
| Q1 26 | — | 4.6% | ||
| Q4 25 | 9.9% | 4.6% | ||
| Q3 25 | 17.7% | 6.1% | ||
| Q2 25 | 13.6% | 6.7% | ||
| Q1 25 | 12.3% | 5.5% | ||
| Q4 24 | 17.6% | 5.3% | ||
| Q3 24 | 16.2% | 5.9% | ||
| Q2 24 | 6.3% | 6.3% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 8.2% | 3.5% | ||
| Q3 25 | 15.3% | 4.9% | ||
| Q2 25 | 12.7% | 5.2% | ||
| Q1 25 | 11.8% | 4.2% | ||
| Q4 24 | 16.8% | 4.3% | ||
| Q3 24 | 13.8% | 4.6% | ||
| Q2 24 | 7.4% | 5.0% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.31 | $0.36 | ||
| Q3 25 | $0.51 | $0.53 | ||
| Q2 25 | $0.41 | $0.58 | ||
| Q1 25 | $0.37 | $0.45 | ||
| Q4 24 | $0.53 | $0.44 | ||
| Q3 24 | $0.42 | $0.48 | ||
| Q2 24 | $0.20 | $0.52 |
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 | $249.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.4B |
| Total Assets | $3.7B | $5.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $249.3M | ||
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $3.5B | $2.4B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.2B | $2.2B | ||
| Q4 24 | $3.1B | $2.2B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $3.0B | $2.0B |
| Q1 26 | — | $5.5B | ||
| Q4 25 | $3.7B | $5.5B | ||
| Q3 25 | $4.5B | $5.5B | ||
| Q2 25 | $4.4B | $5.4B | ||
| Q1 25 | $4.3B | $5.4B | ||
| Q4 24 | $4.1B | $5.1B | ||
| Q3 24 | $3.9B | $4.9B | ||
| Q2 24 | $4.0B | $4.8B |
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 | $381.8M |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.26× | 9.71× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $381.8M | ||
| Q4 25 | $183.0M | $124.1M | ||
| Q3 25 | $287.0M | $102.5M | ||
| Q2 25 | $203.0M | $84.1M | ||
| Q1 25 | $298.0M | $71.2M | ||
| Q4 24 | $153.0M | $101.4M | ||
| Q3 24 | $185.0M | $160.3M | ||
| Q2 24 | $244.0M | $194.0M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $45.1M | ||
| Q3 25 | $272.0M | $24.5M | ||
| Q2 25 | $187.0M | $-10.0M | ||
| Q1 25 | $280.0M | $4.4M | ||
| Q4 24 | $141.0M | $3.9M | ||
| Q3 24 | $171.0M | $36.5M | ||
| Q2 24 | $220.0M | $80.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 4.0% | ||
| Q3 25 | 29.0% | 2.1% | ||
| Q2 25 | 20.5% | -0.8% | ||
| Q1 25 | 31.2% | 0.4% | ||
| Q4 24 | 16.0% | 0.4% | ||
| Q3 24 | 20.1% | 3.3% | ||
| Q2 24 | 26.7% | 7.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 7.0% | ||
| Q3 25 | 1.6% | 6.6% | ||
| Q2 25 | 1.8% | 7.8% | ||
| Q1 25 | 2.0% | 5.7% | ||
| Q4 24 | 1.4% | 8.8% | ||
| Q3 24 | 1.6% | 11.1% | ||
| Q2 24 | 2.9% | 10.1% |
| Q1 26 | — | 9.71× | ||
| Q4 25 | 2.26× | 3.15× | ||
| Q3 25 | 1.99× | 1.79× | ||
| Q2 25 | 1.75× | 1.33× | ||
| Q1 25 | 2.81× | 1.46× | ||
| Q4 24 | 1.03× | 2.14× | ||
| Q3 24 | 1.57× | 3.10× | ||
| Q2 24 | 4.00× | 3.42× |
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% |
FND
Segment breakdown not available.
