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Side-by-side financial comparison of Maplebear Inc. (CART) and MARINEMAX INC (HZO). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $527.4M, roughly 1.9× MARINEMAX INC). On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs -16.5%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -16.6%).
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.
MarineMax Inc. is a leading recreational boat and yacht retailer primarily operating in the United States. It offers new and pre-owned leisure vessels, alongside related services including maintenance, repair, financing, insurance coverage, yacht chartering, and boating lifestyle events, catering to private boating enthusiasts across North America.
CART vs HZO — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $527.4M |
| Net Profit | $81.0M | — |
| Gross Margin | 72.3% | 34.4% |
| Operating Margin | 9.9% | 2.1% |
| Net Margin | 8.2% | — |
| Revenue YoY | 12.3% | -16.5% |
| Net Profit YoY | -45.3% | — |
| EPS (diluted) | $0.31 | $0.14 |
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 | — | $527.4M | ||
| Q4 25 | $992.0M | $505.2M | ||
| Q3 25 | $939.0M | $552.2M | ||
| Q2 25 | $914.0M | $657.2M | ||
| Q1 25 | $897.0M | $631.5M | ||
| Q4 24 | $883.0M | $468.5M | ||
| Q3 24 | $852.0M | $563.1M | ||
| Q2 24 | $823.0M | $757.7M |
| Q1 26 | — | — | ||
| Q4 25 | $81.0M | $-7.9M | ||
| Q3 25 | $144.0M | $-851.0K | ||
| Q2 25 | $116.0M | $-52.1M | ||
| Q1 25 | $106.0M | $3.3M | ||
| Q4 24 | $148.0M | $18.1M | ||
| Q3 24 | $118.0M | $4.0M | ||
| Q2 24 | $61.0M | $31.6M |
| Q1 26 | — | 34.4% | ||
| Q4 25 | 72.3% | 31.8% | ||
| Q3 25 | 73.7% | 34.7% | ||
| Q2 25 | 74.2% | 30.4% | ||
| Q1 25 | 74.8% | 30.0% | ||
| Q4 24 | 75.2% | 36.2% | ||
| Q3 24 | 75.2% | 34.3% | ||
| Q2 24 | 75.7% | 32.0% |
| Q1 26 | — | 2.1% | ||
| Q4 25 | 9.9% | 1.0% | ||
| Q3 25 | 17.7% | 2.5% | ||
| Q2 25 | 13.6% | -6.3% | ||
| Q1 25 | 12.3% | 3.6% | ||
| Q4 24 | 17.6% | 8.3% | ||
| Q3 24 | 16.2% | 4.8% | ||
| Q2 24 | 6.3% | 8.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.2% | -1.6% | ||
| Q3 25 | 15.3% | -0.2% | ||
| Q2 25 | 12.7% | -7.9% | ||
| Q1 25 | 11.8% | 0.5% | ||
| Q4 24 | 16.8% | 3.9% | ||
| Q3 24 | 13.8% | 0.7% | ||
| Q2 24 | 7.4% | 4.2% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.31 | $-0.36 | ||
| Q3 25 | $0.51 | $0.08 | ||
| Q2 25 | $0.41 | $-2.42 | ||
| Q1 25 | $0.37 | $0.14 | ||
| Q4 24 | $0.53 | $0.77 | ||
| Q3 24 | $0.42 | $0.17 | ||
| Q2 24 | $0.20 | $1.37 |
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 | $189.1M |
| Total DebtLower is stronger | — | $338.7M |
| Stockholders' EquityBook value | $2.5B | — |
| Total Assets | $3.7B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $189.1M | ||
| Q4 25 | $687.0M | $164.6M | ||
| Q3 25 | $1.7B | $170.4M | ||
| Q2 25 | $1.6B | $151.0M | ||
| Q1 25 | $1.6B | $203.5M | ||
| Q4 24 | $1.4B | $145.0M | ||
| Q3 24 | $1.3B | $224.3M | ||
| Q2 24 | $1.4B | $242.4M |
| Q1 26 | — | $338.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $393.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $391.2M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $932.8M | ||
| Q3 25 | $3.5B | $937.2M | ||
| Q2 25 | $3.3B | $940.5M | ||
| Q1 25 | $3.2B | $993.4M | ||
| Q4 24 | $3.1B | $993.5M | ||
| Q3 24 | $2.9B | $975.8M | ||
| Q2 24 | $3.0B | $967.6M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $4.4B | $2.5B | ||
| Q1 25 | $4.3B | $2.7B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.9B | $2.6B | ||
| Q2 24 | $4.0B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $16.9M | ||
| Q3 25 | $287.0M | $61.5M | ||
| Q2 25 | $203.0M | $84.9M | ||
| Q1 25 | $298.0M | $72.5M | ||
| Q4 24 | $153.0M | $-146.1M | ||
| Q3 24 | $185.0M | $-782.0K | ||
| Q2 24 | $244.0M | $86.3M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $8.3M | ||
| Q3 25 | $272.0M | $48.0M | ||
| Q2 25 | $187.0M | $68.5M | ||
| Q1 25 | $280.0M | $59.8M | ||
| Q4 24 | $141.0M | $-164.4M | ||
| Q3 24 | $171.0M | $-17.5M | ||
| Q2 24 | $220.0M | $71.1M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 1.7% | ||
| Q3 25 | 29.0% | 8.7% | ||
| Q2 25 | 20.5% | 10.4% | ||
| Q1 25 | 31.2% | 9.5% | ||
| Q4 24 | 16.0% | -35.1% | ||
| Q3 24 | 20.1% | -3.1% | ||
| Q2 24 | 26.7% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.7% | ||
| Q3 25 | 1.6% | 2.4% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 2.0% | 2.0% | ||
| Q4 24 | 1.4% | 3.9% | ||
| Q3 24 | 1.6% | 3.0% | ||
| Q2 24 | 2.9% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 21.97× | ||
| Q4 24 | 1.03× | -8.09× | ||
| Q3 24 | 1.57× | -0.20× | ||
| Q2 24 | 4.00× | 2.74× |
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% |
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
