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Side-by-side financial comparison of Maplebear Inc. (CART) and KEMPER Corp (KMPR). Click either name above to swap in a different company.
KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.1× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs -0.7%, a 8.9% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs -4.7%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $166.2M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -0.5%).
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.
Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
CART vs KMPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $-8.0M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | — |
| Net Margin | 8.2% | -0.7% |
| Revenue YoY | 12.3% | -4.7% |
| Net Profit YoY | -45.3% | -108.2% |
| EPS (diluted) | $0.31 | $-0.03 |
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 | $1.2B | ||
| Q2 25 | $914.0M | $1.2B | ||
| Q1 25 | $897.0M | $1.2B | ||
| Q4 24 | $883.0M | $1.2B | ||
| Q3 24 | $852.0M | $1.2B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.1B |
| Q4 25 | $81.0M | $-8.0M | ||
| Q3 25 | $144.0M | $-21.0M | ||
| Q2 25 | $116.0M | $72.6M | ||
| Q1 25 | $106.0M | $99.7M | ||
| Q4 24 | $148.0M | $97.4M | ||
| Q3 24 | $118.0M | $73.7M | ||
| Q2 24 | $61.0M | $75.4M | ||
| Q1 24 | $130.0M | $71.3M |
| 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% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 13.6% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | 16.2% | 11.2% | ||
| Q2 24 | 6.3% | 10.1% | ||
| Q1 24 | 17.6% | 7.6% |
| Q4 25 | 8.2% | -0.7% | ||
| Q3 25 | 15.3% | -1.7% | ||
| Q2 25 | 12.7% | 5.9% | ||
| Q1 25 | 11.8% | 8.4% | ||
| Q4 24 | 16.8% | 8.2% | ||
| Q3 24 | 13.8% | 6.3% | ||
| Q2 24 | 7.4% | 6.7% | ||
| Q1 24 | 15.9% | 6.2% |
| Q4 25 | $0.31 | $-0.03 | ||
| Q3 25 | $0.51 | $-0.34 | ||
| Q2 25 | $0.41 | $1.12 | ||
| Q1 25 | $0.37 | $1.54 | ||
| Q4 24 | $0.53 | $1.51 | ||
| Q3 24 | $0.42 | $1.14 | ||
| Q2 24 | $0.20 | $1.16 | ||
| Q1 24 | $0.43 | $1.10 |
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 | — |
| Total DebtLower is stronger | — | $943.5M |
| Stockholders' EquityBook value | $2.5B | $2.7B |
| Total Assets | $3.7B | $12.5B |
| Debt / EquityLower = less leverage | — | 0.35× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $371.2M | ||
| Q2 25 | $1.6B | $407.6M | ||
| Q1 25 | $1.6B | $545.3M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.3B | $696.9M | ||
| Q2 24 | $1.4B | $539.1M | ||
| Q1 24 | $1.5B | $520.7M |
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $943.1M | ||
| Q2 25 | — | $942.6M | ||
| Q1 25 | — | $942.1M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $3.5B | $2.7B | ||
| Q2 25 | $3.3B | $370.0M | ||
| Q1 25 | $3.2B | $366.0M | ||
| Q4 24 | $3.1B | $2.8B | ||
| Q3 24 | $2.9B | $2.8B | ||
| Q2 24 | $3.0B | $358.0M | ||
| Q1 24 | $3.1B | $2.6B |
| Q4 25 | $3.7B | $12.5B | ||
| Q3 25 | $4.5B | $12.4B | ||
| Q2 25 | $4.4B | $12.6B | ||
| Q1 25 | $4.3B | $12.5B | ||
| Q4 24 | $4.1B | $12.6B | ||
| Q3 24 | $3.9B | $12.6B | ||
| Q2 24 | $4.0B | $12.6B | ||
| Q1 24 | $4.1B | $12.6B |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 2.55× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 3.88× | ||
| Q1 24 | — | 0.54× |
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 | $175.0M |
| Free Cash FlowOCF − Capex | $171.0M | $166.2M |
| FCF MarginFCF / Revenue | 17.2% | 14.7% |
| Capex IntensityCapex / Revenue | 1.2% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $553.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $175.0M | ||
| Q3 25 | $287.0M | $139.9M | ||
| Q2 25 | $203.0M | $89.6M | ||
| Q1 25 | $298.0M | $180.0M | ||
| Q4 24 | $153.0M | $175.1M | ||
| Q3 24 | $185.0M | $141.9M | ||
| Q2 24 | $244.0M | $22.9M | ||
| Q1 24 | $105.0M | $43.0M |
| Q4 25 | $171.0M | $166.2M | ||
| Q3 25 | $272.0M | $133.4M | ||
| Q2 25 | $187.0M | $82.0M | ||
| Q1 25 | $280.0M | $172.3M | ||
| Q4 24 | $141.0M | $165.4M | ||
| Q3 24 | $171.0M | $131.4M | ||
| Q2 24 | $220.0M | $5.2M | ||
| Q1 24 | $91.0M | $27.7M |
| Q4 25 | 17.2% | 14.7% | ||
| Q3 25 | 29.0% | 10.8% | ||
| Q2 25 | 20.5% | 6.7% | ||
| Q1 25 | 31.2% | 14.4% | ||
| Q4 24 | 16.0% | 13.9% | ||
| Q3 24 | 20.1% | 11.1% | ||
| Q2 24 | 26.7% | 0.5% | ||
| Q1 24 | 11.1% | 2.4% |
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.6% | 0.5% | ||
| Q2 25 | 1.8% | 0.6% | ||
| Q1 25 | 2.0% | 0.6% | ||
| Q4 24 | 1.4% | 0.8% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 2.9% | 1.6% | ||
| Q1 24 | 1.7% | 1.3% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | 1.23× | ||
| Q1 25 | 2.81× | 1.81× | ||
| Q4 24 | 1.03× | 1.80× | ||
| Q3 24 | 1.57× | 1.93× | ||
| Q2 24 | 4.00× | 0.30× | ||
| Q1 24 | 0.81× | 0.60× |
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% |
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
