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Side-by-side financial comparison of Maplebear Inc. (CART) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $853.7M, roughly 1.2× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 8.2%, a 14.9% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 11.0%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 7.2%).
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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
CART vs PRI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $853.7M |
| Net Profit | $81.0M | $197.0M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 28.9% |
| Net Margin | 8.2% | 23.1% |
| Revenue YoY | 12.3% | 11.0% |
| Net Profit YoY | -45.3% | 17.9% |
| EPS (diluted) | $0.31 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $939.0M | $839.9M | ||
| Q2 25 | $914.0M | $793.3M | ||
| Q1 25 | $897.0M | $804.8M | ||
| Q4 24 | $883.0M | $768.8M | ||
| Q3 24 | $852.0M | $774.1M | ||
| Q2 24 | $823.0M | $803.4M | ||
| Q1 24 | $820.0M | $742.8M |
| Q4 25 | $81.0M | $197.0M | ||
| Q3 25 | $144.0M | $206.8M | ||
| Q2 25 | $116.0M | $178.3M | ||
| Q1 25 | $106.0M | $169.1M | ||
| Q4 24 | $148.0M | $167.1M | ||
| Q3 24 | $118.0M | $164.4M | ||
| Q2 24 | $61.0M | $1.2M | ||
| Q1 24 | $130.0M | $137.9M |
| 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% | 98.0% | ||
| Q1 24 | 74.9% | 98.2% |
| Q4 25 | 9.9% | 28.9% | ||
| Q3 25 | 17.7% | 32.3% | ||
| Q2 25 | 13.6% | 29.6% | ||
| Q1 25 | 12.3% | 27.5% | ||
| Q4 24 | 17.6% | 64.7% | ||
| Q3 24 | 16.2% | 32.9% | ||
| Q2 24 | 6.3% | 1.0% | ||
| Q1 24 | 17.6% | 24.1% |
| Q4 25 | 8.2% | 23.1% | ||
| Q3 25 | 15.3% | 24.6% | ||
| Q2 25 | 12.7% | 22.5% | ||
| Q1 25 | 11.8% | 21.0% | ||
| Q4 24 | 16.8% | 21.7% | ||
| Q3 24 | 13.8% | 21.2% | ||
| Q2 24 | 7.4% | 0.1% | ||
| Q1 24 | 15.9% | 18.6% |
| Q4 25 | $0.31 | $6.11 | ||
| Q3 25 | $0.51 | $6.35 | ||
| Q2 25 | $0.41 | $5.40 | ||
| Q1 25 | $0.37 | $5.05 | ||
| Q4 24 | $0.53 | $4.92 | ||
| Q3 24 | $0.42 | $4.83 | ||
| Q2 24 | $0.20 | $0.03 | ||
| Q1 24 | $0.43 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.4B |
| Total Assets | $3.7B | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $756.2M | ||
| Q3 25 | $1.7B | $644.9M | ||
| Q2 25 | $1.6B | $621.2M | ||
| Q1 25 | $1.6B | $625.1M | ||
| Q4 24 | $1.4B | $687.8M | ||
| Q3 24 | $1.3B | $550.1M | ||
| Q2 24 | $1.4B | $627.3M | ||
| Q1 24 | $1.5B | $593.4M |
| Q4 25 | $2.5B | $2.4B | ||
| Q3 25 | $3.5B | $2.3B | ||
| Q2 25 | $3.3B | $2.3B | ||
| Q1 25 | $3.2B | $2.3B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $2.9B | $1.9B | ||
| Q2 24 | $3.0B | $2.1B | ||
| Q1 24 | $3.1B | $2.2B |
| Q4 25 | $3.7B | $15.0B | ||
| Q3 25 | $4.5B | $14.8B | ||
| Q2 25 | $4.4B | $14.8B | ||
| Q1 25 | $4.3B | $14.6B | ||
| Q4 24 | $4.1B | $14.6B | ||
| Q3 24 | $3.9B | $14.8B | ||
| Q2 24 | $4.0B | $14.6B | ||
| Q1 24 | $4.1B | $14.9B |
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 | $338.2M |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.26× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $338.2M | ||
| Q3 25 | $287.0M | $202.9M | ||
| Q2 25 | $203.0M | $162.6M | ||
| Q1 25 | $298.0M | $197.5M | ||
| Q4 24 | $153.0M | $270.6M | ||
| Q3 24 | $185.0M | $207.3M | ||
| Q2 24 | $244.0M | $173.3M | ||
| Q1 24 | $105.0M | $210.9M |
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | — | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $280.0M | — | ||
| Q4 24 | $141.0M | — | ||
| Q3 24 | $171.0M | — | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | — |
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | 2.26× | 1.72× | ||
| Q3 25 | 1.99× | 0.98× | ||
| Q2 25 | 1.75× | 0.91× | ||
| Q1 25 | 2.81× | 1.17× | ||
| Q4 24 | 1.03× | 1.62× | ||
| Q3 24 | 1.57× | 1.26× | ||
| Q2 24 | 4.00× | 147.98× | ||
| Q1 24 | 0.81× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
