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Side-by-side financial comparison of Maplebear Inc. (CART) and Kontoor Brands, Inc. (KTB). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $853.2M, roughly 1.2× Kontoor Brands, Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 4.3%, a 3.8% gap on every dollar of revenue. On growth, Kontoor Brands, Inc. posted the faster year-over-year revenue change (27.3% vs 12.3%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $55.8M). Over the past eight quarters, Kontoor Brands, Inc.'s revenue compounded faster (14.2% 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.
Kontoor Brands is an American clothing company. It was a spin off from the VF Corporation in May 2019, and markets clothing under the Lee, Wrangler and Helly Hansen brand names.
CART vs KTB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $853.2M |
| Net Profit | $81.0M | $36.9M |
| Gross Margin | 72.3% | 41.3% |
| Operating Margin | 9.9% | 7.5% |
| Net Margin | 8.2% | 4.3% |
| Revenue YoY | 12.3% | 27.3% |
| Net Profit YoY | -45.3% | -47.6% |
| EPS (diluted) | $0.31 | $0.66 |
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 | — | ||
| Q3 25 | $939.0M | $853.2M | ||
| Q2 25 | $914.0M | $658.3M | ||
| Q1 25 | $897.0M | $622.9M | ||
| Q4 24 | $883.0M | $699.3M | ||
| Q3 24 | $852.0M | $670.2M | ||
| Q2 24 | $823.0M | $606.9M | ||
| Q1 24 | $820.0M | $631.2M |
| Q4 25 | $81.0M | — | ||
| Q3 25 | $144.0M | $36.9M | ||
| Q2 25 | $116.0M | $73.9M | ||
| Q1 25 | $106.0M | $42.9M | ||
| Q4 24 | $148.0M | $64.0M | ||
| Q3 24 | $118.0M | $70.5M | ||
| Q2 24 | $61.0M | $51.8M | ||
| Q1 24 | $130.0M | $59.5M |
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | 41.3% | ||
| Q2 25 | 74.2% | 46.3% | ||
| Q1 25 | 74.8% | 47.5% | ||
| Q4 24 | 75.2% | 43.7% | ||
| Q3 24 | 75.2% | 44.7% | ||
| Q2 24 | 75.7% | 44.7% | ||
| Q1 24 | 74.9% | 45.2% |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 17.7% | 7.5% | ||
| Q2 25 | 13.6% | 11.9% | ||
| Q1 25 | 12.3% | 11.8% | ||
| Q4 24 | 17.6% | 12.1% | ||
| Q3 24 | 16.2% | 14.7% | ||
| Q2 24 | 6.3% | 12.4% | ||
| Q1 24 | 17.6% | 13.4% |
| Q4 25 | 8.2% | — | ||
| Q3 25 | 15.3% | 4.3% | ||
| Q2 25 | 12.7% | 11.2% | ||
| Q1 25 | 11.8% | 6.9% | ||
| Q4 24 | 16.8% | 9.1% | ||
| Q3 24 | 13.8% | 10.5% | ||
| Q2 24 | 7.4% | 8.5% | ||
| Q1 24 | 15.9% | 9.4% |
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | $0.66 | ||
| Q2 25 | $0.41 | $1.32 | ||
| Q1 25 | $0.37 | $0.76 | ||
| Q4 24 | $0.53 | $1.13 | ||
| Q3 24 | $0.42 | $1.26 | ||
| Q2 24 | $0.20 | $0.92 | ||
| Q1 24 | $0.43 | $1.05 |
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 | $82.4M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $2.5B | $529.6M |
| Total Assets | $3.7B | $2.9B |
| Debt / EquityLower = less leverage | — | 2.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $82.4M | ||
| Q2 25 | $1.6B | $107.5M | ||
| Q1 25 | $1.6B | $356.7M | ||
| Q4 24 | $1.4B | $334.1M | ||
| Q3 24 | $1.3B | $269.4M | ||
| Q2 24 | $1.4B | $224.3M | ||
| Q1 24 | $1.5B | $215.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $735.6M | ||
| Q4 24 | — | $740.3M | ||
| Q3 24 | — | $745.0M | ||
| Q2 24 | — | $749.7M | ||
| Q1 24 | — | $779.2M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $3.5B | $529.6M | ||
| Q2 25 | $3.3B | $498.3M | ||
| Q1 25 | $3.2B | $426.7M | ||
| Q4 24 | $3.1B | $400.1M | ||
| Q3 24 | $2.9B | $356.9M | ||
| Q2 24 | $3.0B | $367.2M | ||
| Q1 24 | $3.1B | $387.2M |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.5B | $2.9B | ||
| Q2 25 | $4.4B | $2.7B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.7B | ||
| Q2 24 | $4.0B | $1.6B | ||
| Q1 24 | $4.1B | $1.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.53× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 1.72× | ||
| Q4 24 | — | 1.85× | ||
| Q3 24 | — | 2.09× | ||
| Q2 24 | — | 2.04× | ||
| Q1 24 | — | 2.01× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $171.0M | $55.8M |
| FCF MarginFCF / Revenue | 17.2% | 6.5% |
| Capex IntensityCapex / Revenue | 1.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.74× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $228.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | — | ||
| Q3 25 | $287.0M | $64.1M | ||
| Q2 25 | $203.0M | $25.7M | ||
| Q1 25 | $298.0M | $77.6M | ||
| Q4 24 | $153.0M | $82.0M | ||
| Q3 24 | $185.0M | $133.6M | ||
| Q2 24 | $244.0M | $96.2M | ||
| Q1 24 | $105.0M | $56.5M |
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | $55.8M | ||
| Q2 25 | $187.0M | $22.4M | ||
| Q1 25 | $280.0M | $74.9M | ||
| Q4 24 | $141.0M | $75.0M | ||
| Q3 24 | $171.0M | $129.9M | ||
| Q2 24 | $220.0M | $92.6M | ||
| Q1 24 | $91.0M | $52.0M |
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | 6.5% | ||
| Q2 25 | 20.5% | 3.4% | ||
| Q1 25 | 31.2% | 12.0% | ||
| Q4 24 | 16.0% | 10.7% | ||
| Q3 24 | 20.1% | 19.4% | ||
| Q2 24 | 26.7% | 15.3% | ||
| Q1 24 | 11.1% | 8.2% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 2.0% | 0.4% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.6% | 0.6% | ||
| Q2 24 | 2.9% | 0.6% | ||
| Q1 24 | 1.7% | 0.7% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 1.74× | ||
| Q2 25 | 1.75× | 0.35× | ||
| Q1 25 | 2.81× | 1.81× | ||
| Q4 24 | 1.03× | 1.28× | ||
| Q3 24 | 1.57× | 1.89× | ||
| Q2 24 | 4.00× | 1.86× | ||
| Q1 24 | 0.81× | 0.95× |
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% |
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
