vs
Side-by-side financial comparison of Maplebear Inc. (CART) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $988.6M, roughly 1.0× G III APPAREL GROUP LTD). Maplebear Inc. runs the higher net margin — 8.2% vs 8.2%, a 0.0% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs -9.0%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-106.4M). Over the past eight quarters, G III APPAREL GROUP LTD's revenue compounded faster (13.7% 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.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
CART vs GIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $988.6M |
| Net Profit | $81.0M | $80.6M |
| Gross Margin | 72.3% | 38.6% |
| Operating Margin | 9.9% | 11.4% |
| Net Margin | 8.2% | 8.2% |
| Revenue YoY | 12.3% | -9.0% |
| Net Profit YoY | -45.3% | -29.8% |
| EPS (diluted) | $0.31 | $1.84 |
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 | $988.6M | ||
| Q3 25 | $939.0M | $613.3M | ||
| Q2 25 | $914.0M | $583.6M | ||
| Q1 25 | $897.0M | $839.5M | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $644.8M | ||
| Q2 24 | $823.0M | $609.7M | ||
| Q1 24 | $820.0M | $764.8M |
| Q4 25 | $81.0M | $80.6M | ||
| Q3 25 | $144.0M | $10.9M | ||
| Q2 25 | $116.0M | $7.8M | ||
| Q1 25 | $106.0M | $48.8M | ||
| Q4 24 | $148.0M | $114.8M | ||
| Q3 24 | $118.0M | $24.2M | ||
| Q2 24 | $61.0M | $5.8M | ||
| Q1 24 | $130.0M | $28.9M |
| Q4 25 | 72.3% | 38.6% | ||
| Q3 25 | 73.7% | 40.8% | ||
| Q2 25 | 74.2% | 42.2% | ||
| Q1 25 | 74.8% | 39.5% | ||
| Q4 24 | 75.2% | 39.8% | ||
| Q3 24 | 75.2% | 42.8% | ||
| Q2 24 | 75.7% | 42.5% | ||
| Q1 24 | 74.9% | 36.9% |
| Q4 25 | 9.9% | 11.4% | ||
| Q3 25 | 17.7% | 2.7% | ||
| Q2 25 | 13.6% | 1.5% | ||
| Q1 25 | 12.3% | 8.5% | ||
| Q4 24 | 17.6% | 15.3% | ||
| Q3 24 | 16.2% | 6.4% | ||
| Q2 24 | 6.3% | 2.2% | ||
| Q1 24 | 17.6% | 6.1% |
| Q4 25 | 8.2% | 8.2% | ||
| Q3 25 | 15.3% | 1.8% | ||
| Q2 25 | 12.7% | 1.3% | ||
| Q1 25 | 11.8% | 5.8% | ||
| Q4 24 | 16.8% | 10.6% | ||
| Q3 24 | 13.8% | 3.8% | ||
| Q2 24 | 7.4% | 1.0% | ||
| Q1 24 | 15.9% | 3.8% |
| Q4 25 | $0.31 | $1.84 | ||
| Q3 25 | $0.51 | $0.25 | ||
| Q2 25 | $0.41 | $0.17 | ||
| Q1 25 | $0.37 | $1.00 | ||
| Q4 24 | $0.53 | $2.55 | ||
| Q3 24 | $0.42 | $0.53 | ||
| Q2 24 | $0.20 | $0.12 | ||
| Q1 24 | $0.43 | $0.59 |
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 | $184.1M |
| Total DebtLower is stronger | — | $6.5M |
| Stockholders' EquityBook value | $2.5B | $1.8B |
| Total Assets | $3.7B | $2.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $184.1M | ||
| Q3 25 | $1.7B | $301.8M | ||
| Q2 25 | $1.6B | $257.8M | ||
| Q1 25 | $1.6B | $181.4M | ||
| Q4 24 | $1.4B | $104.7M | ||
| Q3 24 | $1.3B | $414.8M | ||
| Q2 24 | $1.4B | $508.4M | ||
| Q1 24 | $1.5B | $507.8M |
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M | ||
| Q1 24 | — | $402.8M |
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $3.5B | $1.7B | ||
| Q2 25 | $3.3B | $1.7B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.1B | $1.6B | ||
| Q3 24 | $2.9B | $1.5B | ||
| Q2 24 | $3.0B | $1.5B | ||
| Q1 24 | $3.1B | $1.6B |
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $4.5B | $2.7B | ||
| Q2 25 | $4.4B | $2.4B | ||
| Q1 25 | $4.3B | $2.5B | ||
| Q4 24 | $4.1B | $2.8B | ||
| Q3 24 | $3.9B | $2.7B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $4.1B | $2.7B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | $171.0M | $-106.4M |
| FCF MarginFCF / Revenue | 17.2% | -10.8% |
| Capex IntensityCapex / Revenue | 1.2% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.26× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $-97.3M | ||
| Q3 25 | $287.0M | $75.1M | ||
| Q2 25 | $203.0M | $93.8M | ||
| Q1 25 | $298.0M | $333.4M | ||
| Q4 24 | $153.0M | $-111.8M | ||
| Q3 24 | $185.0M | $49.3M | ||
| Q2 24 | $244.0M | $45.5M | ||
| Q1 24 | $105.0M | $361.3M |
| Q4 25 | $171.0M | $-106.4M | ||
| Q3 25 | $272.0M | $64.7M | ||
| Q2 25 | $187.0M | $85.7M | ||
| Q1 25 | $280.0M | $323.7M | ||
| Q4 24 | $141.0M | $-120.3M | ||
| Q3 24 | $171.0M | $38.8M | ||
| Q2 24 | $220.0M | $32.8M | ||
| Q1 24 | $91.0M | $352.3M |
| Q4 25 | 17.2% | -10.8% | ||
| Q3 25 | 29.0% | 10.6% | ||
| Q2 25 | 20.5% | 14.7% | ||
| Q1 25 | 31.2% | 38.6% | ||
| Q4 24 | 16.0% | -11.1% | ||
| Q3 24 | 20.1% | 6.0% | ||
| Q2 24 | 26.7% | 5.4% | ||
| Q1 24 | 11.1% | 46.1% |
| Q4 25 | 1.2% | 0.9% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.8% | 1.4% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 1.4% | 0.8% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 2.9% | 2.1% | ||
| Q1 24 | 1.7% | 1.2% |
| Q4 25 | 2.26× | -1.21× | ||
| Q3 25 | 1.99× | 6.86× | ||
| Q2 25 | 1.75× | 12.09× | ||
| Q1 25 | 2.81× | 6.83× | ||
| Q4 24 | 1.03× | -0.97× | ||
| Q3 24 | 1.57× | 2.04× | ||
| Q2 24 | 4.00× | 7.84× | ||
| Q1 24 | 0.81× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
