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Side-by-side financial comparison of Maplebear Inc. (CART) and PRICESMART INC (PSMT). Click either name above to swap in a different company.
PRICESMART INC is the larger business by last-quarter revenue ($1.4B vs $992.0M, roughly 1.4× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 2.9%, a 5.3% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 9.9%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $32.6M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 3.5%).
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.
PRICESMART INCPSMTEarnings & Financial Report
PriceSmart, Inc. is a United States based operator of membership warehouse clubs in Central America, the Caribbean, and South America. PriceSmart was founded by Sol and Robert Price, founders of Price Club; Robert Price is chairman of the board.
CART vs PSMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.4B |
| Net Profit | $81.0M | $40.2M |
| Gross Margin | 72.3% | 17.7% |
| Operating Margin | 9.9% | 4.6% |
| Net Margin | 8.2% | 2.9% |
| Revenue YoY | 12.3% | 9.9% |
| Net Profit YoY | -45.3% | 7.3% |
| EPS (diluted) | $0.31 | $1.29 |
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 | $1.4B | ||
| Q3 25 | $939.0M | $1.3B | ||
| Q2 25 | $914.0M | $1.3B | ||
| Q1 25 | $897.0M | $1.4B | ||
| Q4 24 | $883.0M | $1.3B | ||
| Q3 24 | $852.0M | $1.2B | ||
| Q2 24 | $823.0M | $1.2B | ||
| Q1 24 | $820.0M | $1.3B |
| Q4 25 | $81.0M | $40.2M | ||
| Q3 25 | $144.0M | $31.5M | ||
| Q2 25 | $116.0M | $35.2M | ||
| Q1 25 | $106.0M | $43.8M | ||
| Q4 24 | $148.0M | $37.4M | ||
| Q3 24 | $118.0M | $29.1M | ||
| Q2 24 | $61.0M | $32.5M | ||
| Q1 24 | $130.0M | $39.3M |
| Q4 25 | 72.3% | 17.7% | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | 17.1% | ||
| Q4 24 | 75.2% | 17.4% | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — | ||
| Q1 24 | 74.9% | — |
| Q4 25 | 9.9% | 4.6% | ||
| Q3 25 | 17.7% | 4.0% | ||
| Q2 25 | 13.6% | 4.3% | ||
| Q1 25 | 12.3% | 4.8% | ||
| Q4 24 | 17.6% | 4.6% | ||
| Q3 24 | 16.2% | 4.0% | ||
| Q2 24 | 6.3% | 4.1% | ||
| Q1 24 | 17.6% | 4.9% |
| Q4 25 | 8.2% | 2.9% | ||
| Q3 25 | 15.3% | 2.4% | ||
| Q2 25 | 12.7% | 2.7% | ||
| Q1 25 | 11.8% | 3.2% | ||
| Q4 24 | 16.8% | 3.0% | ||
| Q3 24 | 13.8% | 2.4% | ||
| Q2 24 | 7.4% | 2.6% | ||
| Q1 24 | 15.9% | 3.0% |
| Q4 25 | $0.31 | $1.29 | ||
| Q3 25 | $0.51 | $1.02 | ||
| Q2 25 | $0.41 | $1.14 | ||
| Q1 25 | $0.37 | $1.45 | ||
| Q4 24 | $0.53 | $1.21 | ||
| Q3 24 | $0.42 | $0.94 | ||
| Q2 24 | $0.20 | $1.08 | ||
| Q1 24 | $0.43 | $1.31 |
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 | $320.6M |
| Total DebtLower is stronger | — | $180.3M |
| Stockholders' EquityBook value | $2.5B | $1.3B |
| Total Assets | $3.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $320.6M | ||
| Q3 25 | $1.7B | $314.2M | ||
| Q2 25 | $1.6B | $262.4M | ||
| Q1 25 | $1.6B | $247.3M | ||
| Q4 24 | $1.4B | $222.2M | ||
| Q3 24 | $1.3B | $225.5M | ||
| Q2 24 | $1.4B | $228.2M | ||
| Q1 24 | $1.5B | $264.2M |
| Q4 25 | — | $180.3M | ||
| Q3 25 | — | $186.6M | ||
| Q2 25 | — | $103.1M | ||
| Q1 25 | — | $107.1M | ||
| Q4 24 | — | $115.6M | ||
| Q3 24 | — | $130.4M | ||
| Q2 24 | — | $135.1M | ||
| Q1 24 | — | $140.0M |
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $3.5B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.2B | $1.2B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $2.9B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.1B | $1.1B |
| Q4 25 | $3.7B | $2.4B | ||
| Q3 25 | $4.5B | $2.3B | ||
| Q2 25 | $4.4B | $2.1B | ||
| Q1 25 | $4.3B | $2.1B | ||
| Q4 24 | $4.1B | $2.1B | ||
| Q3 24 | $3.9B | $2.0B | ||
| Q2 24 | $4.0B | $2.0B | ||
| Q1 24 | $4.1B | $2.0B |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 0.13× |
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 | $71.2M |
| Free Cash FlowOCF − Capex | $171.0M | $32.6M |
| FCF MarginFCF / Revenue | 17.2% | 2.4% |
| Capex IntensityCapex / Revenue | 1.2% | 2.8% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.77× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $71.2M | ||
| Q3 25 | $287.0M | $82.1M | ||
| Q2 25 | $203.0M | $52.8M | ||
| Q1 25 | $298.0M | $87.9M | ||
| Q4 24 | $153.0M | $38.5M | ||
| Q3 24 | $185.0M | $41.8M | ||
| Q2 24 | $244.0M | $38.1M | ||
| Q1 24 | $105.0M | $86.6M |
| Q4 25 | $171.0M | $32.6M | ||
| Q3 25 | $272.0M | $25.6M | ||
| Q2 25 | $187.0M | $14.0M | ||
| Q1 25 | $280.0M | $53.2M | ||
| Q4 24 | $141.0M | $10.3M | ||
| Q3 24 | $171.0M | $15.2M | ||
| Q2 24 | $220.0M | $-308.0K | ||
| Q1 24 | $91.0M | $16.4M |
| Q4 25 | 17.2% | 2.4% | ||
| Q3 25 | 29.0% | 1.9% | ||
| Q2 25 | 20.5% | 1.1% | ||
| Q1 25 | 31.2% | 3.9% | ||
| Q4 24 | 16.0% | 0.8% | ||
| Q3 24 | 20.1% | 1.2% | ||
| Q2 24 | 26.7% | -0.0% | ||
| Q1 24 | 11.1% | 1.3% |
| Q4 25 | 1.2% | 2.8% | ||
| Q3 25 | 1.6% | 4.2% | ||
| Q2 25 | 1.8% | 2.9% | ||
| Q1 25 | 2.0% | 2.5% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 1.6% | 2.2% | ||
| Q2 24 | 2.9% | 3.1% | ||
| Q1 24 | 1.7% | 5.4% |
| Q4 25 | 2.26× | 1.77× | ||
| Q3 25 | 1.99× | 2.60× | ||
| Q2 25 | 1.75× | 1.50× | ||
| Q1 25 | 2.81× | 2.01× | ||
| Q4 24 | 1.03× | 1.03× | ||
| Q3 24 | 1.57× | 1.44× | ||
| Q2 24 | 4.00× | 1.17× | ||
| Q1 24 | 0.81× | 2.20× |
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% |
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
