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Side-by-side financial comparison of Maplebear Inc. (CART) and JANUS HENDERSON GROUP PLC (JHG). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.2× Maplebear Inc.). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 8.2%, a 27.1% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 12.3%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $171.0M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% 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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
CART vs JHG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $403.2M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 42.7% |
| Net Margin | 8.2% | 35.3% |
| Revenue YoY | 12.3% | 61.3% |
| Net Profit YoY | -45.3% | 231.0% |
| EPS (diluted) | $0.31 | $2.59 |
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 | $1.1B | ||
| Q3 25 | $939.0M | $700.4M | ||
| Q2 25 | $914.0M | $633.2M | ||
| Q1 25 | $897.0M | $621.4M | ||
| Q4 24 | $883.0M | $708.3M | ||
| Q3 24 | $852.0M | $624.8M | ||
| Q2 24 | $823.0M | $588.4M | ||
| Q1 24 | $820.0M | $551.7M |
| Q4 25 | $81.0M | $403.2M | ||
| Q3 25 | $144.0M | $142.1M | ||
| Q2 25 | $116.0M | $149.9M | ||
| Q1 25 | $106.0M | $120.7M | ||
| Q4 24 | $148.0M | $121.8M | ||
| Q3 24 | $118.0M | $27.3M | ||
| Q2 24 | $61.0M | $129.7M | ||
| Q1 24 | $130.0M | $130.1M |
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | — |
| Q4 25 | 9.9% | 42.7% | ||
| Q3 25 | 17.7% | 24.6% | ||
| Q2 25 | 13.6% | 25.9% | ||
| Q1 25 | 12.3% | 24.7% | ||
| Q4 24 | 17.6% | 27.9% | ||
| Q3 24 | 16.2% | 26.4% | ||
| Q2 24 | 6.3% | 27.9% | ||
| Q1 24 | 17.6% | 21.6% |
| Q4 25 | 8.2% | 35.3% | ||
| Q3 25 | 15.3% | 20.3% | ||
| Q2 25 | 12.7% | 23.7% | ||
| Q1 25 | 11.8% | 19.4% | ||
| Q4 24 | 16.8% | 17.2% | ||
| Q3 24 | 13.8% | 4.4% | ||
| Q2 24 | 7.4% | 22.0% | ||
| Q1 24 | 15.9% | 23.6% |
| Q4 25 | $0.31 | $2.59 | ||
| Q3 25 | $0.51 | $0.92 | ||
| Q2 25 | $0.41 | $0.95 | ||
| Q1 25 | $0.37 | $0.77 | ||
| Q4 24 | $0.53 | $0.77 | ||
| Q3 24 | $0.42 | $0.17 | ||
| Q2 24 | $0.20 | $0.81 | ||
| Q1 24 | $0.43 | $0.81 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $5.1B |
| Total Assets | $3.7B | $8.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $1.6B | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | $2.5B | $5.1B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.3B | $4.8B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.1B | $4.6B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.5B | ||
| Q1 24 | $3.1B | $4.4B |
| Q4 25 | $3.7B | $8.3B | ||
| Q3 25 | $4.5B | $7.6B | ||
| Q2 25 | $4.4B | $7.5B | ||
| Q1 25 | $4.3B | $7.1B | ||
| Q4 24 | $4.1B | $7.0B | ||
| Q3 24 | $3.9B | $7.3B | ||
| Q2 24 | $4.0B | $6.4B | ||
| Q1 24 | $4.1B | $6.3B |
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 | $322.7M |
| Free Cash FlowOCF − Capex | $171.0M | $320.4M |
| FCF MarginFCF / Revenue | 17.2% | 28.0% |
| Capex IntensityCapex / Revenue | 1.2% | 0.2% |
| Cash ConversionOCF / Net Profit | 2.26× | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $322.7M | ||
| Q3 25 | $287.0M | $258.8M | ||
| Q2 25 | $203.0M | $135.2M | ||
| Q1 25 | $298.0M | $2.8M | ||
| Q4 24 | $153.0M | $247.3M | ||
| Q3 24 | $185.0M | $228.5M | ||
| Q2 24 | $244.0M | $223.8M | ||
| Q1 24 | $105.0M | $-5.0M |
| Q4 25 | $171.0M | $320.4M | ||
| Q3 25 | $272.0M | $256.4M | ||
| Q2 25 | $187.0M | $133.2M | ||
| Q1 25 | $280.0M | $900.0K | ||
| Q4 24 | $141.0M | $243.5M | ||
| Q3 24 | $171.0M | $225.9M | ||
| Q2 24 | $220.0M | $221.9M | ||
| Q1 24 | $91.0M | $-6.8M |
| Q4 25 | 17.2% | 28.0% | ||
| Q3 25 | 29.0% | 36.6% | ||
| Q2 25 | 20.5% | 21.0% | ||
| Q1 25 | 31.2% | 0.1% | ||
| Q4 24 | 16.0% | 34.4% | ||
| Q3 24 | 20.1% | 36.2% | ||
| Q2 24 | 26.7% | 37.7% | ||
| Q1 24 | 11.1% | -1.2% |
| Q4 25 | 1.2% | 0.2% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 2.0% | 0.3% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 1.6% | 0.4% | ||
| Q2 24 | 2.9% | 0.3% | ||
| Q1 24 | 1.7% | 0.3% |
| Q4 25 | 2.26× | 0.80× | ||
| Q3 25 | 1.99× | 1.82× | ||
| Q2 25 | 1.75× | 0.90× | ||
| Q1 25 | 2.81× | 0.02× | ||
| Q4 24 | 1.03× | 2.03× | ||
| Q3 24 | 1.57× | 8.37× | ||
| Q2 24 | 4.00× | 1.73× | ||
| Q1 24 | 0.81× | -0.04× |
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% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
