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Side-by-side financial comparison of Maplebear Inc. (CART) and GUESS INC (GES). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $791.4M, roughly 1.3× GUESS INC). Maplebear Inc. runs the higher net margin — 8.2% vs 3.2%, a 4.9% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 7.2%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-56.3M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -5.8%).
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.
Guess?, Inc. is an American clothing company, notable for its black-and-white advertisements. It licenses its brand on other fashion accessories, such as watches, jewelry, perfumes, bags and shoes.
CART vs GES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $791.4M |
| Net Profit | $81.0M | $25.6M |
| Gross Margin | 72.3% | 42.5% |
| Operating Margin | 9.9% | 2.9% |
| Net Margin | 8.2% | 3.2% |
| Revenue YoY | 12.3% | 7.2% |
| Net Profit YoY | -45.3% | 209.6% |
| EPS (diluted) | $0.31 | $0.48 |
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 | $791.4M | ||
| Q3 25 | $939.0M | $772.9M | ||
| Q2 25 | $914.0M | $647.8M | ||
| Q1 25 | $897.0M | $932.3M | ||
| Q4 24 | $883.0M | $738.5M | ||
| Q3 24 | $852.0M | $732.6M | ||
| Q2 24 | $823.0M | $591.9M | ||
| Q1 24 | $820.0M | $891.0M |
| Q4 25 | $81.0M | $25.6M | ||
| Q3 25 | $144.0M | $6.2M | ||
| Q2 25 | $116.0M | $-32.9M | ||
| Q1 25 | $106.0M | $81.4M | ||
| Q4 24 | $148.0M | $-23.4M | ||
| Q3 24 | $118.0M | $-10.6M | ||
| Q2 24 | $61.0M | $13.0M | ||
| Q1 24 | $130.0M | $115.3M |
| Q4 25 | 72.3% | 42.5% | ||
| Q3 25 | 73.7% | 42.5% | ||
| Q2 25 | 74.2% | 39.9% | ||
| Q1 25 | 74.8% | 44.1% | ||
| Q4 24 | 75.2% | 43.6% | ||
| Q3 24 | 75.2% | 43.7% | ||
| Q2 24 | 75.7% | 41.9% | ||
| Q1 24 | 74.9% | 45.4% |
| Q4 25 | 9.9% | 2.9% | ||
| Q3 25 | 17.7% | 2.3% | ||
| Q2 25 | 13.6% | -5.1% | ||
| Q1 25 | 12.3% | 11.1% | ||
| Q4 24 | 17.6% | 5.7% | ||
| Q3 24 | 16.2% | 6.5% | ||
| Q2 24 | 6.3% | -3.4% | ||
| Q1 24 | 17.6% | 16.3% |
| Q4 25 | 8.2% | 3.2% | ||
| Q3 25 | 15.3% | 0.8% | ||
| Q2 25 | 12.7% | -5.1% | ||
| Q1 25 | 11.8% | 8.7% | ||
| Q4 24 | 16.8% | -3.2% | ||
| Q3 24 | 13.8% | -1.4% | ||
| Q2 24 | 7.4% | 2.2% | ||
| Q1 24 | 15.9% | 12.9% |
| Q4 25 | $0.31 | $0.48 | ||
| Q3 25 | $0.51 | $0.12 | ||
| Q2 25 | $0.41 | $-0.65 | ||
| Q1 25 | $0.37 | $1.29 | ||
| Q4 24 | $0.53 | $-0.47 | ||
| Q3 24 | $0.42 | $-0.28 | ||
| Q2 24 | $0.20 | $0.23 | ||
| Q1 24 | $0.43 | $1.90 |
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 | $154.2M |
| Total DebtLower is stronger | — | $299.5M |
| Stockholders' EquityBook value | $2.5B | $508.5M |
| Total Assets | $3.7B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $154.2M | ||
| Q3 25 | $1.7B | $189.6M | ||
| Q2 25 | $1.6B | $151.2M | ||
| Q1 25 | $1.6B | $187.7M | ||
| Q4 24 | $1.4B | $140.9M | ||
| Q3 24 | $1.3B | $218.9M | ||
| Q2 24 | $1.4B | $241.7M | ||
| Q1 24 | $1.5B | $360.3M |
| Q4 25 | — | $299.5M | ||
| Q3 25 | — | $258.4M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $150.7M | ||
| Q4 24 | — | $238.3M | ||
| Q3 24 | — | $187.8M | ||
| Q2 24 | — | $196.9M | ||
| Q1 24 | — | $28.2M |
| Q4 25 | $2.5B | $508.5M | ||
| Q3 25 | $3.5B | $487.6M | ||
| Q2 25 | $3.3B | $483.6M | ||
| Q1 25 | $3.2B | $505.0M | ||
| Q4 24 | $3.1B | $450.7M | ||
| Q3 24 | $2.9B | $491.2M | ||
| Q2 24 | $3.0B | $565.5M | ||
| Q1 24 | $3.1B | $684.9M |
| Q4 25 | $3.7B | $3.0B | ||
| Q3 25 | $4.5B | $3.0B | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.3B | $2.8B | ||
| Q4 24 | $4.1B | $2.8B | ||
| Q3 24 | $3.9B | $2.8B | ||
| Q2 24 | $4.0B | $2.7B | ||
| Q1 24 | $4.1B | $2.6B |
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.04× |
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 | $-39.5M |
| Free Cash FlowOCF − Capex | $171.0M | $-56.3M |
| FCF MarginFCF / Revenue | 17.2% | -7.1% |
| Capex IntensityCapex / Revenue | 1.2% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.26× | -1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $62.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $-39.5M | ||
| Q3 25 | $287.0M | $74.9M | ||
| Q2 25 | $203.0M | $-73.4M | ||
| Q1 25 | $298.0M | $183.2M | ||
| Q4 24 | $153.0M | $-83.3M | ||
| Q3 24 | $185.0M | $44.7M | ||
| Q2 24 | $244.0M | $-22.9M | ||
| Q1 24 | $105.0M | $289.5M |
| Q4 25 | $171.0M | $-56.3M | ||
| Q3 25 | $272.0M | $53.4M | ||
| Q2 25 | $187.0M | $-95.3M | ||
| Q1 25 | $280.0M | $160.7M | ||
| Q4 24 | $141.0M | $-105.4M | ||
| Q3 24 | $171.0M | $24.3M | ||
| Q2 24 | $220.0M | $-44.0M | ||
| Q1 24 | $91.0M | $267.8M |
| Q4 25 | 17.2% | -7.1% | ||
| Q3 25 | 29.0% | 6.9% | ||
| Q2 25 | 20.5% | -14.7% | ||
| Q1 25 | 31.2% | 17.2% | ||
| Q4 24 | 16.0% | -14.3% | ||
| Q3 24 | 20.1% | 3.3% | ||
| Q2 24 | 26.7% | -7.4% | ||
| Q1 24 | 11.1% | 30.1% |
| Q4 25 | 1.2% | 2.1% | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.4% | 3.0% | ||
| Q3 24 | 1.6% | 2.8% | ||
| Q2 24 | 2.9% | 3.6% | ||
| Q1 24 | 1.7% | 2.4% |
| Q4 25 | 2.26× | -1.54× | ||
| Q3 25 | 1.99× | 12.00× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 2.25× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | -1.76× | ||
| Q1 24 | 0.81× | 2.51× |
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% |
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
