vs
Side-by-side financial comparison of Maplebear Inc. (CART) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $692.4M, roughly 1.4× OCEANEERING INTERNATIONAL INC). Maplebear Inc. runs the higher net margin — 8.2% vs 5.2%, a 3.0% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 2.7%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-76.5M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
CART vs OII — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $692.4M |
| Net Profit | $81.0M | $36.1M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | — |
| Net Margin | 8.2% | 5.2% |
| Revenue YoY | 12.3% | 2.7% |
| Net Profit YoY | -45.3% | -79.7% |
| EPS (diluted) | $0.31 | $0.36 |
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 | — | $692.4M | ||
| Q4 25 | $992.0M | $668.6M | ||
| Q3 25 | $939.0M | $742.9M | ||
| Q2 25 | $914.0M | $698.2M | ||
| Q1 25 | $897.0M | $674.5M | ||
| Q4 24 | $883.0M | $713.5M | ||
| Q3 24 | $852.0M | $679.8M | ||
| Q2 24 | $823.0M | $668.8M |
| Q1 26 | — | $36.1M | ||
| Q4 25 | $81.0M | $177.7M | ||
| Q3 25 | $144.0M | $71.3M | ||
| Q2 25 | $116.0M | $54.4M | ||
| Q1 25 | $106.0M | $50.4M | ||
| Q4 24 | $148.0M | $56.1M | ||
| Q3 24 | $118.0M | $41.2M | ||
| Q2 24 | $61.0M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | 19.8% | ||
| Q3 25 | 73.7% | 20.6% | ||
| Q2 25 | 74.2% | 21.3% | ||
| Q1 25 | 74.8% | 20.0% | ||
| Q4 24 | 75.2% | 19.9% | ||
| Q3 24 | 75.2% | 19.3% | ||
| Q2 24 | 75.7% | 18.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.9% | 9.8% | ||
| Q3 25 | 17.7% | 11.6% | ||
| Q2 25 | 13.6% | 11.3% | ||
| Q1 25 | 12.3% | 10.9% | ||
| Q4 24 | 17.6% | 10.9% | ||
| Q3 24 | 16.2% | 10.5% | ||
| Q2 24 | 6.3% | 9.0% |
| Q1 26 | — | 5.2% | ||
| Q4 25 | 8.2% | 26.6% | ||
| Q3 25 | 15.3% | 9.6% | ||
| Q2 25 | 12.7% | 7.8% | ||
| Q1 25 | 11.8% | 7.5% | ||
| Q4 24 | 16.8% | 7.9% | ||
| Q3 24 | 13.8% | 6.1% | ||
| Q2 24 | 7.4% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.31 | $1.75 | ||
| Q3 25 | $0.51 | $0.71 | ||
| Q2 25 | $0.41 | $0.54 | ||
| Q1 25 | $0.37 | $0.49 | ||
| Q4 24 | $0.53 | $0.55 | ||
| Q3 24 | $0.42 | $0.40 | ||
| Q2 24 | $0.20 | $0.34 |
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 | — | $488.8M |
| Stockholders' EquityBook value | $2.5B | $1.1B |
| Total Assets | $3.7B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | $695.9M | ||
| Q3 25 | $1.7B | $7.0M | ||
| Q2 25 | $1.6B | $7.0M | ||
| Q1 25 | $1.6B | $7.0M | ||
| Q4 24 | $1.4B | $504.5M | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $3.5B | $907.7M | ||
| Q2 25 | $3.3B | $842.1M | ||
| Q1 25 | $3.2B | $773.1M | ||
| Q4 24 | $3.1B | $714.3M | ||
| Q3 24 | $2.9B | $698.0M | ||
| Q2 24 | $3.0B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $4.5B | $2.5B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $4.3B | $2.3B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $3.9B | $2.4B | ||
| Q2 24 | $4.0B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | — | ||
| 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 | $-76.5M |
| FCF MarginFCF / Revenue | 17.2% | -11.1% |
| Capex IntensityCapex / Revenue | 1.2% | 2.5% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $221.1M | ||
| Q3 25 | $287.0M | $101.3M | ||
| Q2 25 | $203.0M | $77.2M | ||
| Q1 25 | $298.0M | $-80.7M | ||
| Q4 24 | $153.0M | $128.4M | ||
| Q3 24 | $185.0M | $91.9M | ||
| Q2 24 | $244.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $171.0M | $190.7M | ||
| Q3 25 | $272.0M | $77.0M | ||
| Q2 25 | $187.0M | $46.9M | ||
| Q1 25 | $280.0M | $-106.8M | ||
| Q4 24 | $141.0M | $94.5M | ||
| Q3 24 | $171.0M | $67.0M | ||
| Q2 24 | $220.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 17.2% | 28.5% | ||
| Q3 25 | 29.0% | 10.4% | ||
| Q2 25 | 20.5% | 6.7% | ||
| Q1 25 | 31.2% | -15.8% | ||
| Q4 24 | 16.0% | 13.2% | ||
| Q3 24 | 20.1% | 9.9% | ||
| Q2 24 | 26.7% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.6% | 3.3% | ||
| Q2 25 | 1.8% | 4.3% | ||
| Q1 25 | 2.0% | 3.9% | ||
| Q4 24 | 1.4% | 4.7% | ||
| Q3 24 | 1.6% | 3.7% | ||
| Q2 24 | 2.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 1.24× | ||
| Q3 25 | 1.99× | 1.42× | ||
| Q2 25 | 1.75× | 1.42× | ||
| Q1 25 | 2.81× | -1.60× | ||
| Q4 24 | 1.03× | 2.29× | ||
| Q3 24 | 1.57× | 2.23× | ||
| Q2 24 | 4.00× | 1.50× |
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% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
