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Side-by-side financial comparison of Maplebear Inc. (CART) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.2B vs $992.0M, roughly 1.2× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 5.3%, a 2.9% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs 12.3%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $171.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -5.4%).
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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
CART vs MCHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.2B |
| Net Profit | $81.0M | $62.7M |
| Gross Margin | 72.3% | 59.6% |
| Operating Margin | 9.9% | 12.8% |
| Net Margin | 8.2% | 5.3% |
| Revenue YoY | 12.3% | 15.6% |
| Net Profit YoY | -45.3% | 217.0% |
| EPS (diluted) | $0.31 | $0.06 |
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 | $1.2B | ||
| Q3 25 | $939.0M | $1.1B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $970.5M | ||
| Q4 24 | $883.0M | $1.0B | ||
| Q3 24 | $852.0M | $1.2B | ||
| Q2 24 | $823.0M | $1.2B | ||
| Q1 24 | $820.0M | $1.3B |
| Q4 25 | $81.0M | $62.7M | ||
| Q3 25 | $144.0M | $41.7M | ||
| Q2 25 | $116.0M | $-18.6M | ||
| Q1 25 | $106.0M | $-154.6M | ||
| Q4 24 | $148.0M | $-53.6M | ||
| Q3 24 | $118.0M | $78.4M | ||
| Q2 24 | $61.0M | $129.3M | ||
| Q1 24 | $130.0M | $154.7M |
| Q4 25 | 72.3% | 59.6% | ||
| Q3 25 | 73.7% | 55.9% | ||
| Q2 25 | 74.2% | 53.6% | ||
| Q1 25 | 74.8% | 51.6% | ||
| Q4 24 | 75.2% | 54.7% | ||
| Q3 24 | 75.2% | 57.4% | ||
| Q2 24 | 75.7% | 59.4% | ||
| Q1 24 | 74.9% | 59.6% |
| Q4 25 | 9.9% | 12.8% | ||
| Q3 25 | 17.7% | 7.8% | ||
| Q2 25 | 13.6% | 3.0% | ||
| Q1 25 | 12.3% | -10.3% | ||
| Q4 24 | 17.6% | 3.0% | ||
| Q3 24 | 16.2% | 12.6% | ||
| Q2 24 | 6.3% | 17.7% | ||
| Q1 24 | 17.6% | 19.1% |
| Q4 25 | 8.2% | 5.3% | ||
| Q3 25 | 15.3% | 3.7% | ||
| Q2 25 | 12.7% | -1.7% | ||
| Q1 25 | 11.8% | -15.9% | ||
| Q4 24 | 16.8% | -5.2% | ||
| Q3 24 | 13.8% | 6.7% | ||
| Q2 24 | 7.4% | 10.4% | ||
| Q1 24 | 15.9% | 11.7% |
| Q4 25 | $0.31 | $0.06 | ||
| Q3 25 | $0.51 | $0.03 | ||
| Q2 25 | $0.41 | $-0.09 | ||
| Q1 25 | $0.37 | $-0.29 | ||
| Q4 24 | $0.53 | $-0.10 | ||
| Q3 24 | $0.42 | $0.14 | ||
| Q2 24 | $0.20 | $0.24 | ||
| Q1 24 | $0.43 | $0.29 |
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 | $250.7M |
| Total DebtLower is stronger | — | $5.4B |
| Stockholders' EquityBook value | $2.5B | $6.6B |
| Total Assets | $3.7B | $14.3B |
| Debt / EquityLower = less leverage | — | 0.82× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $250.7M | ||
| Q3 25 | $1.7B | $236.8M | ||
| Q2 25 | $1.6B | $566.5M | ||
| Q1 25 | $1.6B | $771.7M | ||
| Q4 24 | $1.4B | $586.0M | ||
| Q3 24 | $1.3B | $286.1M | ||
| Q2 24 | $1.4B | $315.1M | ||
| Q1 24 | $1.5B | $319.7M |
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.0B |
| Q4 25 | $2.5B | $6.6B | ||
| Q3 25 | $3.5B | $6.7B | ||
| Q2 25 | $3.3B | $6.9B | ||
| Q1 25 | $3.2B | $7.1B | ||
| Q4 24 | $3.1B | $6.0B | ||
| Q3 24 | $2.9B | $6.3B | ||
| Q2 24 | $3.0B | $6.4B | ||
| Q1 24 | $3.1B | $6.7B |
| Q4 25 | $3.7B | $14.3B | ||
| Q3 25 | $4.5B | $14.5B | ||
| Q2 25 | $4.4B | $15.0B | ||
| Q1 25 | $4.3B | $15.4B | ||
| Q4 24 | $4.1B | $15.6B | ||
| Q3 24 | $3.9B | $15.6B | ||
| Q2 24 | $4.0B | $15.8B | ||
| Q1 24 | $4.1B | $15.9B |
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 0.90× |
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 | $341.4M |
| Free Cash FlowOCF − Capex | $171.0M | $318.9M |
| FCF MarginFCF / Revenue | 17.2% | 26.9% |
| Capex IntensityCapex / Revenue | 1.2% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.26× | 5.44× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $819.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $341.4M | ||
| Q3 25 | $287.0M | $88.1M | ||
| Q2 25 | $203.0M | $275.6M | ||
| Q1 25 | $298.0M | $205.9M | ||
| Q4 24 | $153.0M | $271.5M | ||
| Q3 24 | $185.0M | $43.6M | ||
| Q2 24 | $244.0M | $377.1M | ||
| Q1 24 | $105.0M | $430.0M |
| Q4 25 | $171.0M | $318.9M | ||
| Q3 25 | $272.0M | $51.6M | ||
| Q2 25 | $187.0M | $257.7M | ||
| Q1 25 | $280.0M | $191.7M | ||
| Q4 24 | $141.0M | $253.4M | ||
| Q3 24 | $171.0M | $22.8M | ||
| Q2 24 | $220.0M | $304.2M | ||
| Q1 24 | $91.0M | $389.9M |
| Q4 25 | 17.2% | 26.9% | ||
| Q3 25 | 29.0% | 4.5% | ||
| Q2 25 | 20.5% | 24.0% | ||
| Q1 25 | 31.2% | 19.8% | ||
| Q4 24 | 16.0% | 24.7% | ||
| Q3 24 | 20.1% | 2.0% | ||
| Q2 24 | 26.7% | 24.5% | ||
| Q1 24 | 11.1% | 29.4% |
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 1.6% | 3.2% | ||
| Q2 25 | 1.8% | 1.7% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 1.4% | 1.8% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 2.9% | 5.9% | ||
| Q1 24 | 1.7% | 3.0% |
| Q4 25 | 2.26× | 5.44× | ||
| Q3 25 | 1.99× | 2.11× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | 0.56× | ||
| Q2 24 | 4.00× | 2.92× | ||
| Q1 24 | 0.81× | 2.78× |
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% |
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
