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Side-by-side financial comparison of Maplebear Inc. (CART) and Frontier Communications Parent, Inc. (FYBR). Click either name above to swap in a different company.

Frontier Communications Parent, Inc. is the larger business by last-quarter revenue ($1.5B vs $992.0M, roughly 1.5× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs -5.0%, a 13.1% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 4.2%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-315.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 4.3%).

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.

Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.

CART vs FYBR — Head-to-Head

Bigger by revenue
FYBR
FYBR
1.5× larger
FYBR
$1.5B
$992.0M
CART
Growing faster (revenue YoY)
CART
CART
+8.1% gap
CART
12.3%
4.2%
FYBR
Higher net margin
CART
CART
13.1% more per $
CART
8.2%
-5.0%
FYBR
More free cash flow
CART
CART
$486.0M more FCF
CART
$171.0M
$-315.0M
FYBR
Faster 2-yr revenue CAGR
CART
CART
Annualised
CART
10.0%
4.3%
FYBR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CART
CART
FYBR
FYBR
Revenue
$992.0M
$1.5B
Net Profit
$81.0M
$-76.0M
Gross Margin
72.3%
64.3%
Operating Margin
9.9%
7.6%
Net Margin
8.2%
-5.0%
Revenue YoY
12.3%
4.2%
Net Profit YoY
-45.3%
7.3%
EPS (diluted)
$0.31
$-0.30

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.

Revenue
CART
CART
FYBR
FYBR
Q4 25
$992.0M
Q3 25
$939.0M
$1.5B
Q2 25
$914.0M
$1.5B
Q1 25
$897.0M
$1.5B
Q4 24
$883.0M
$1.5B
Q3 24
$852.0M
$1.5B
Q2 24
$823.0M
$1.5B
Q1 24
$820.0M
$1.4B
Net Profit
CART
CART
FYBR
FYBR
Q4 25
$81.0M
Q3 25
$144.0M
$-76.0M
Q2 25
$116.0M
$-123.0M
Q1 25
$106.0M
$-64.0M
Q4 24
$148.0M
$-118.0M
Q3 24
$118.0M
$-82.0M
Q2 24
$61.0M
$-123.0M
Q1 24
$130.0M
$1.0M
Gross Margin
CART
CART
FYBR
FYBR
Q4 25
72.3%
Q3 25
73.7%
64.3%
Q2 25
74.2%
65.0%
Q1 25
74.8%
65.2%
Q4 24
75.2%
64.2%
Q3 24
75.2%
63.4%
Q2 24
75.7%
64.8%
Q1 24
74.9%
63.9%
Operating Margin
CART
CART
FYBR
FYBR
Q4 25
9.9%
Q3 25
17.7%
7.6%
Q2 25
13.6%
2.9%
Q1 25
12.3%
5.1%
Q4 24
17.6%
5.8%
Q3 24
16.2%
5.8%
Q2 24
6.3%
6.2%
Q1 24
17.6%
6.2%
Net Margin
CART
CART
FYBR
FYBR
Q4 25
8.2%
Q3 25
15.3%
-5.0%
Q2 25
12.7%
-8.1%
Q1 25
11.8%
-4.3%
Q4 24
16.8%
-7.9%
Q3 24
13.8%
-5.6%
Q2 24
7.4%
-8.4%
Q1 24
15.9%
0.1%
EPS (diluted)
CART
CART
FYBR
FYBR
Q4 25
$0.31
Q3 25
$0.51
$-0.30
Q2 25
$0.41
$-0.49
Q1 25
$0.37
$-0.26
Q4 24
$0.53
$-0.48
Q3 24
$0.42
$-0.33
Q2 24
$0.20
$-0.49
Q1 24
$0.43
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CART
CART
FYBR
FYBR
Cash + ST InvestmentsLiquidity on hand
$687.0M
$336.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$4.7B
Total Assets
$3.7B
$21.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CART
CART
FYBR
FYBR
Q4 25
$687.0M
Q3 25
$1.7B
$336.0M
Q2 25
$1.6B
$412.0M
Q1 25
$1.6B
$506.0M
Q4 24
$1.4B
$750.0M
Q3 24
$1.3B
$1.3B
Q2 24
$1.4B
$1.2B
Q1 24
$1.5B
$1.5B
Stockholders' Equity
CART
CART
FYBR
FYBR
Q4 25
$2.5B
Q3 25
$3.5B
$4.7B
Q2 25
$3.3B
$4.8B
Q1 25
$3.2B
$4.9B
Q4 24
$3.1B
$4.9B
Q3 24
$2.9B
$5.1B
Q2 24
$3.0B
$5.1B
Q1 24
$3.1B
$5.3B
Total Assets
CART
CART
FYBR
FYBR
Q4 25
$3.7B
Q3 25
$4.5B
$21.6B
Q2 25
$4.4B
$21.3B
Q1 25
$4.3B
$20.9B
Q4 24
$4.1B
$20.6B
Q3 24
$3.9B
$20.9B
Q2 24
$4.0B
$20.2B
Q1 24
$4.1B
$20.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CART
CART
FYBR
FYBR
Operating Cash FlowLast quarter
$183.0M
$504.0M
Free Cash FlowOCF − Capex
$171.0M
$-315.0M
FCF MarginFCF / Revenue
17.2%
-20.5%
Capex IntensityCapex / Revenue
1.2%
53.4%
Cash ConversionOCF / Net Profit
2.26×
TTM Free Cash FlowTrailing 4 quarters
$910.0M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CART
CART
FYBR
FYBR
Q4 25
$183.0M
Q3 25
$287.0M
$504.0M
Q2 25
$203.0M
$477.0M
Q1 25
$298.0M
$519.0M
Q4 24
$153.0M
$294.0M
Q3 24
$185.0M
$618.0M
Q2 24
$244.0M
$374.0M
Q1 24
$105.0M
$335.0M
Free Cash Flow
CART
CART
FYBR
FYBR
Q4 25
$171.0M
Q3 25
$272.0M
$-315.0M
Q2 25
$187.0M
$-368.0M
Q1 25
$280.0M
$-238.0M
Q4 24
$141.0M
$-498.0M
Q3 24
$171.0M
$-81.0M
Q2 24
$220.0M
$-252.0M
Q1 24
$91.0M
$-331.0M
FCF Margin
CART
CART
FYBR
FYBR
Q4 25
17.2%
Q3 25
29.0%
-20.5%
Q2 25
20.5%
-24.2%
Q1 25
31.2%
-15.9%
Q4 24
16.0%
-33.4%
Q3 24
20.1%
-5.5%
Q2 24
26.7%
-17.2%
Q1 24
11.1%
-22.9%
Capex Intensity
CART
CART
FYBR
FYBR
Q4 25
1.2%
Q3 25
1.6%
53.4%
Q2 25
1.8%
55.5%
Q1 25
2.0%
50.6%
Q4 24
1.4%
53.2%
Q3 24
1.6%
47.5%
Q2 24
2.9%
42.7%
Q1 24
1.7%
46.1%
Cash Conversion
CART
CART
FYBR
FYBR
Q4 25
2.26×
Q3 25
1.99×
Q2 25
1.75×
Q1 25
2.81×
Q4 24
1.03×
Q3 24
1.57×
Q2 24
4.00×
Q1 24
0.81×
335.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CART
CART

Transaction$698.0M70%
Advertising And Other$294.0M30%

FYBR
FYBR

Consumer$826.0M54%
Business And Wholesale$707.0M46%

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