vs
Side-by-side financial comparison of Maplebear Inc. (CART) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $629.0M, roughly 1.6× Park Hotels & Resorts Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs -32.6%, a 40.8% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 0.6%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-3.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -0.8%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
CART vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $629.0M |
| Net Profit | $81.0M | $-205.0M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | -26.1% |
| Net Margin | 8.2% | -32.6% |
| Revenue YoY | 12.3% | 0.6% |
| Net Profit YoY | -45.3% | -410.6% |
| EPS (diluted) | $0.31 | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $939.0M | $610.0M | ||
| Q2 25 | $914.0M | $672.0M | ||
| Q1 25 | $897.0M | $630.0M | ||
| Q4 24 | $883.0M | $625.0M | ||
| Q3 24 | $852.0M | $649.0M | ||
| Q2 24 | $823.0M | $686.0M | ||
| Q1 24 | $820.0M | $639.0M |
| Q4 25 | $81.0M | $-205.0M | ||
| Q3 25 | $144.0M | $-16.0M | ||
| Q2 25 | $116.0M | $-5.0M | ||
| Q1 25 | $106.0M | $-57.0M | ||
| Q4 24 | $148.0M | $66.0M | ||
| Q3 24 | $118.0M | $54.0M | ||
| Q2 24 | $61.0M | $64.0M | ||
| Q1 24 | $130.0M | $28.0M |
| 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% | -26.1% | ||
| Q3 25 | 17.7% | 9.7% | ||
| Q2 25 | 13.6% | 9.7% | ||
| Q1 25 | 12.3% | 1.1% | ||
| Q4 24 | 17.6% | 13.3% | ||
| Q3 24 | 16.2% | 14.6% | ||
| Q2 24 | 6.3% | 17.6% | ||
| Q1 24 | 17.6% | 14.4% |
| Q4 25 | 8.2% | -32.6% | ||
| Q3 25 | 15.3% | -2.6% | ||
| Q2 25 | 12.7% | -0.7% | ||
| Q1 25 | 11.8% | -9.0% | ||
| Q4 24 | 16.8% | 10.6% | ||
| Q3 24 | 13.8% | 8.3% | ||
| Q2 24 | 7.4% | 9.3% | ||
| Q1 24 | 15.9% | 4.4% |
| Q4 25 | $0.31 | $-1.04 | ||
| Q3 25 | $0.51 | $-0.08 | ||
| Q2 25 | $0.41 | $-0.02 | ||
| Q1 25 | $0.37 | $-0.29 | ||
| Q4 24 | $0.53 | $0.32 | ||
| Q3 24 | $0.42 | $0.26 | ||
| Q2 24 | $0.20 | $0.30 | ||
| Q1 24 | $0.43 | $0.13 |
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 | $232.0M |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $2.5B | $3.1B |
| Total Assets | $3.7B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $232.0M | ||
| Q3 25 | $1.7B | $278.0M | ||
| Q2 25 | $1.6B | $319.0M | ||
| Q1 25 | $1.6B | $233.0M | ||
| Q4 24 | $1.4B | $402.0M | ||
| Q3 24 | $1.3B | $480.0M | ||
| Q2 24 | $1.4B | $449.0M | ||
| Q1 24 | $1.5B | $378.0M |
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $2.5B | $3.1B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.3B | $3.4B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.1B | $3.6B | ||
| Q3 24 | $2.9B | $3.8B | ||
| Q2 24 | $3.0B | $3.8B | ||
| Q1 24 | $3.1B | $3.8B |
| Q4 25 | $3.7B | $7.7B | ||
| Q3 25 | $4.5B | $8.8B | ||
| Q2 25 | $4.4B | $8.9B | ||
| Q1 25 | $4.3B | $8.9B | ||
| Q4 24 | $4.1B | $9.2B | ||
| Q3 24 | $3.9B | $9.2B | ||
| Q2 24 | $4.0B | $9.2B | ||
| Q1 24 | $4.1B | $9.1B |
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.00× |
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 | $105.0M |
| Free Cash FlowOCF − Capex | $171.0M | $-3.0M |
| FCF MarginFCF / Revenue | 17.2% | -0.5% |
| Capex IntensityCapex / Revenue | 1.2% | 17.2% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $105.0M | ||
| Q3 25 | $287.0M | $99.0M | ||
| Q2 25 | $203.0M | $108.0M | ||
| Q1 25 | $298.0M | $86.0M | ||
| Q4 24 | $153.0M | $80.0M | ||
| Q3 24 | $185.0M | $140.0M | ||
| Q2 24 | $244.0M | $117.0M | ||
| Q1 24 | $105.0M | $92.0M |
| Q4 25 | $171.0M | $-3.0M | ||
| Q3 25 | $272.0M | $31.0M | ||
| Q2 25 | $187.0M | $65.0M | ||
| Q1 25 | $280.0M | $9.0M | ||
| Q4 24 | $141.0M | $17.0M | ||
| Q3 24 | $171.0M | $97.0M | ||
| Q2 24 | $220.0M | $66.0M | ||
| Q1 24 | $91.0M | $22.0M |
| Q4 25 | 17.2% | -0.5% | ||
| Q3 25 | 29.0% | 5.1% | ||
| Q2 25 | 20.5% | 9.7% | ||
| Q1 25 | 31.2% | 1.4% | ||
| Q4 24 | 16.0% | 2.7% | ||
| Q3 24 | 20.1% | 14.9% | ||
| Q2 24 | 26.7% | 9.6% | ||
| Q1 24 | 11.1% | 3.4% |
| Q4 25 | 1.2% | 17.2% | ||
| Q3 25 | 1.6% | 11.1% | ||
| Q2 25 | 1.8% | 6.4% | ||
| Q1 25 | 2.0% | 12.2% | ||
| Q4 24 | 1.4% | 10.1% | ||
| Q3 24 | 1.6% | 6.6% | ||
| Q2 24 | 2.9% | 7.4% | ||
| Q1 24 | 1.7% | 11.0% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | 1.21× | ||
| Q3 24 | 1.57× | 2.59× | ||
| Q2 24 | 4.00× | 1.83× | ||
| Q1 24 | 0.81× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
