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Side-by-side financial comparison of Maplebear Inc. (CART) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
PERRIGO Co plc 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 -127.8%, a 136.0% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs -2.5%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $148.6M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 1.3%).
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.
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
CART vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $-1.4B |
| Gross Margin | 72.3% | 32.6% |
| Operating Margin | 9.9% | -116.0% |
| Net Margin | 8.2% | -127.8% |
| Revenue YoY | 12.3% | -2.5% |
| Net Profit YoY | -45.3% | -3093.9% |
| EPS (diluted) | $0.31 | $-10.23 |
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 | $1.0B | ||
| Q2 25 | $914.0M | $1.1B | ||
| Q1 25 | $897.0M | $1.0B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.1B | ||
| Q2 24 | $823.0M | $1.1B | ||
| Q1 24 | $820.0M | $1.1B |
| Q4 25 | $81.0M | $-1.4B | ||
| Q3 25 | $144.0M | $7.5M | ||
| Q2 25 | $116.0M | $-8.4M | ||
| Q1 25 | $106.0M | $-6.4M | ||
| Q4 24 | $148.0M | $-44.4M | ||
| Q3 24 | $118.0M | $-21.0M | ||
| Q2 24 | $61.0M | $-108.4M | ||
| Q1 24 | $130.0M | $2.0M |
| Q4 25 | 72.3% | 32.6% | ||
| Q3 25 | 73.7% | 36.1% | ||
| Q2 25 | 74.2% | 34.4% | ||
| Q1 25 | 74.8% | 37.6% | ||
| Q4 24 | 75.2% | 33.9% | ||
| Q3 24 | 75.2% | 37.2% | ||
| Q2 24 | 75.7% | 37.0% | ||
| Q1 24 | 74.9% | 33.1% |
| Q4 25 | 9.9% | -116.0% | ||
| Q3 25 | 17.7% | 7.0% | ||
| Q2 25 | 13.6% | 4.3% | ||
| Q1 25 | 12.3% | 4.5% | ||
| Q4 24 | 17.6% | 10.0% | ||
| Q3 24 | 16.2% | 7.4% | ||
| Q2 24 | 6.3% | -2.5% | ||
| Q1 24 | 17.6% | -5.1% |
| Q4 25 | 8.2% | -127.8% | ||
| Q3 25 | 15.3% | 0.7% | ||
| Q2 25 | 12.7% | -0.8% | ||
| Q1 25 | 11.8% | -0.6% | ||
| Q4 24 | 16.8% | -3.9% | ||
| Q3 24 | 13.8% | -1.9% | ||
| Q2 24 | 7.4% | -10.2% | ||
| Q1 24 | 15.9% | 0.2% |
| Q4 25 | $0.31 | $-10.23 | ||
| Q3 25 | $0.51 | $0.05 | ||
| Q2 25 | $0.41 | $-0.06 | ||
| Q1 25 | $0.37 | $-0.05 | ||
| Q4 24 | $0.53 | $-0.32 | ||
| Q3 24 | $0.42 | $-0.15 | ||
| Q2 24 | $0.20 | $-0.79 | ||
| Q1 24 | $0.43 | $0.01 |
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 | — | — |
| Stockholders' EquityBook value | $2.5B | $2.9B |
| Total Assets | $3.7B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | $432.1M | ||
| Q2 25 | $1.6B | $454.2M | ||
| Q1 25 | $1.6B | $409.9M | ||
| Q4 24 | $1.4B | $558.8M | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.4B | $542.8M | ||
| Q1 24 | $1.5B | $658.5M |
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $3.5B | $4.4B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.2B | $4.4B | ||
| Q4 24 | $3.1B | $4.3B | ||
| Q3 24 | $2.9B | $4.6B | ||
| Q2 24 | $3.0B | $4.5B | ||
| Q1 24 | $3.1B | $4.7B |
| Q4 25 | $3.7B | $8.5B | ||
| Q3 25 | $4.5B | $10.1B | ||
| Q2 25 | $4.4B | $10.1B | ||
| Q1 25 | $4.3B | $9.8B | ||
| Q4 24 | $4.1B | $9.6B | ||
| Q3 24 | $3.9B | $11.2B | ||
| Q2 24 | $4.0B | $10.4B | ||
| Q1 24 | $4.1B | $10.6B |
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 | $175.4M |
| Free Cash FlowOCF − Capex | $171.0M | $148.6M |
| FCF MarginFCF / Revenue | 17.2% | 13.4% |
| Capex IntensityCapex / Revenue | 1.2% | 2.4% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $175.4M | ||
| Q3 25 | $287.0M | $51.7M | ||
| Q2 25 | $203.0M | $75.9M | ||
| Q1 25 | $298.0M | $-64.5M | ||
| Q4 24 | $153.0M | $312.6M | ||
| Q3 24 | $185.0M | $42.2M | ||
| Q2 24 | $244.0M | $9.5M | ||
| Q1 24 | $105.0M | $-1.4M |
| Q4 25 | $171.0M | $148.6M | ||
| Q3 25 | $272.0M | $29.8M | ||
| Q2 25 | $187.0M | $56.7M | ||
| Q1 25 | $280.0M | $-90.0M | ||
| Q4 24 | $141.0M | $274.9M | ||
| Q3 24 | $171.0M | $15.1M | ||
| Q2 24 | $220.0M | $-18.9M | ||
| Q1 24 | $91.0M | $-26.5M |
| Q4 25 | 17.2% | 13.4% | ||
| Q3 25 | 29.0% | 2.9% | ||
| Q2 25 | 20.5% | 5.4% | ||
| Q1 25 | 31.2% | -8.6% | ||
| Q4 24 | 16.0% | 24.2% | ||
| Q3 24 | 20.1% | 1.4% | ||
| Q2 24 | 26.7% | -1.8% | ||
| Q1 24 | 11.1% | -2.4% |
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.0% | 2.4% | ||
| Q4 24 | 1.4% | 3.3% | ||
| Q3 24 | 1.6% | 2.5% | ||
| Q2 24 | 2.9% | 2.7% | ||
| Q1 24 | 1.7% | 2.3% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 6.89× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
