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Side-by-side financial comparison of Maplebear Inc. (CART) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
RESIDEO TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($1.9B vs $992.0M, roughly 1.9× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 7.2%, a 1.0% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 2.0%). RESIDEO TECHNOLOGIES, INC. produced more free cash flow last quarter ($262.0M vs $171.0M). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% CAGR vs 10.0%).
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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
CART vs REZI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.9B |
| Net Profit | $81.0M | $136.0M |
| Gross Margin | 72.3% | 29.6% |
| Operating Margin | 9.9% | 7.4% |
| Net Margin | 8.2% | 7.2% |
| Revenue YoY | 12.3% | 2.0% |
| Net Profit YoY | -45.3% | 491.3% |
| EPS (diluted) | $0.31 | $0.99 |
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 | $1.9B | ||
| Q3 25 | $939.0M | $1.9B | ||
| Q2 25 | $914.0M | $1.9B | ||
| Q1 25 | $897.0M | $1.8B | ||
| Q4 24 | $883.0M | $1.9B | ||
| Q3 24 | $852.0M | $1.8B | ||
| Q2 24 | $823.0M | $1.6B | ||
| Q1 24 | $820.0M | $1.5B |
| Q4 25 | $81.0M | $136.0M | ||
| Q3 25 | $144.0M | $156.0M | ||
| Q2 25 | $116.0M | $-825.0M | ||
| Q1 25 | $106.0M | $6.0M | ||
| Q4 24 | $148.0M | $23.0M | ||
| Q3 24 | $118.0M | $20.0M | ||
| Q2 24 | $61.0M | $30.0M | ||
| Q1 24 | $130.0M | $43.0M |
| Q4 25 | 72.3% | 29.6% | ||
| Q3 25 | 73.7% | 29.8% | ||
| Q2 25 | 74.2% | 29.3% | ||
| Q1 25 | 74.8% | 28.9% | ||
| Q4 24 | 75.2% | 28.5% | ||
| Q3 24 | 75.2% | 28.7% | ||
| Q2 24 | 75.7% | 28.1% | ||
| Q1 24 | 74.9% | 26.9% |
| Q4 25 | 9.9% | 7.4% | ||
| Q3 25 | 17.7% | 8.3% | ||
| Q2 25 | 13.6% | 9.1% | ||
| Q1 25 | 12.3% | 7.7% | ||
| Q4 24 | 17.6% | 7.8% | ||
| Q3 24 | 16.2% | 6.9% | ||
| Q2 24 | 6.3% | 7.7% | ||
| Q1 24 | 17.6% | 8.6% |
| Q4 25 | 8.2% | 7.2% | ||
| Q3 25 | 15.3% | 8.4% | ||
| Q2 25 | 12.7% | -42.5% | ||
| Q1 25 | 11.8% | 0.3% | ||
| Q4 24 | 16.8% | 1.2% | ||
| Q3 24 | 13.8% | 1.1% | ||
| Q2 24 | 7.4% | 1.9% | ||
| Q1 24 | 15.9% | 2.9% |
| Q4 25 | $0.31 | $0.99 | ||
| Q3 25 | $0.51 | $0.85 | ||
| Q2 25 | $0.41 | $-5.59 | ||
| Q1 25 | $0.37 | $-0.02 | ||
| Q4 24 | $0.53 | $0.06 | ||
| Q3 24 | $0.42 | $0.07 | ||
| Q2 24 | $0.20 | $0.19 | ||
| Q1 24 | $0.43 | $0.29 |
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 | $661.0M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $2.5B | $2.9B |
| Total Assets | $3.7B | $8.4B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $661.0M | ||
| Q3 25 | $1.7B | $345.0M | ||
| Q2 25 | $1.6B | $753.0M | ||
| Q1 25 | $1.6B | $577.0M | ||
| Q4 24 | $1.4B | $692.0M | ||
| Q3 24 | $1.3B | $531.0M | ||
| Q2 24 | $1.4B | $413.0M | ||
| Q1 24 | $1.5B | $603.0M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $3.5B | $2.8B | ||
| Q2 25 | $3.3B | $2.6B | ||
| Q1 25 | $3.2B | $3.3B | ||
| Q4 24 | $3.1B | $3.3B | ||
| Q3 24 | $2.9B | $3.4B | ||
| Q2 24 | $3.0B | $3.3B | ||
| Q1 24 | $3.1B | $2.8B |
| Q4 25 | $3.7B | $8.4B | ||
| Q3 25 | $4.5B | $8.2B | ||
| Q2 25 | $4.4B | $8.5B | ||
| Q1 25 | $4.3B | $8.1B | ||
| Q4 24 | $4.1B | $8.2B | ||
| Q3 24 | $3.9B | $8.1B | ||
| Q2 24 | $4.0B | $8.0B | ||
| Q1 24 | $4.1B | $6.5B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.61× | ||
| Q1 24 | — | 0.51× |
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 | $299.0M |
| Free Cash FlowOCF − Capex | $171.0M | $262.0M |
| FCF MarginFCF / Revenue | 17.2% | 13.8% |
| Capex IntensityCapex / Revenue | 1.2% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.26× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $299.0M | ||
| Q3 25 | $287.0M | $-1.6B | ||
| Q2 25 | $203.0M | $200.0M | ||
| Q1 25 | $298.0M | $-65.0M | ||
| Q4 24 | $153.0M | $203.0M | ||
| Q3 24 | $185.0M | $147.0M | ||
| Q2 24 | $244.0M | $92.0M | ||
| Q1 24 | $105.0M | $2.0M |
| Q4 25 | $171.0M | $262.0M | ||
| Q3 25 | $272.0M | $-1.6B | ||
| Q2 25 | $187.0M | $180.0M | ||
| Q1 25 | $280.0M | $-96.0M | ||
| Q4 24 | $141.0M | $181.0M | ||
| Q3 24 | $171.0M | $125.0M | ||
| Q2 24 | $220.0M | $77.0M | ||
| Q1 24 | $91.0M | $-19.0M |
| Q4 25 | 17.2% | 13.8% | ||
| Q3 25 | 29.0% | -85.8% | ||
| Q2 25 | 20.5% | 9.3% | ||
| Q1 25 | 31.2% | -5.4% | ||
| Q4 24 | 16.0% | 9.7% | ||
| Q3 24 | 20.1% | 6.8% | ||
| Q2 24 | 26.7% | 4.8% | ||
| Q1 24 | 11.1% | -1.3% |
| Q4 25 | 1.2% | 2.0% | ||
| Q3 25 | 1.6% | 1.5% | ||
| Q2 25 | 1.8% | 1.0% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 1.4% | 1.2% | ||
| Q3 24 | 1.6% | 1.2% | ||
| Q2 24 | 2.9% | 0.9% | ||
| Q1 24 | 1.7% | 1.4% |
| Q4 25 | 2.26× | 2.20× | ||
| Q3 25 | 1.99× | -10.07× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | -10.83× | ||
| Q4 24 | 1.03× | 8.83× | ||
| Q3 24 | 1.57× | 7.35× | ||
| Q2 24 | 4.00× | 3.07× | ||
| Q1 24 | 0.81× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
