vs
Side-by-side financial comparison of Maplebear Inc. (CART) and RH (RH). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $883.8M, roughly 1.1× RH). Maplebear Inc. runs the higher net margin — 8.2% vs 4.1%, a 4.1% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 8.9%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $83.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
CART vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $883.8M |
| Net Profit | $81.0M | $36.3M |
| Gross Margin | 72.3% | 44.1% |
| Operating Margin | 9.9% | 12.0% |
| Net Margin | 8.2% | 4.1% |
| Revenue YoY | 12.3% | 8.9% |
| Net Profit YoY | -45.3% | 9.3% |
| EPS (diluted) | $0.31 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $939.0M | $899.2M | ||
| Q2 25 | $914.0M | $814.0M | ||
| Q1 25 | $897.0M | $812.4M | ||
| Q4 24 | $883.0M | $811.7M | ||
| Q3 24 | $852.0M | $829.7M | ||
| Q2 24 | $823.0M | $727.0M | ||
| Q1 24 | $820.0M | $738.3M |
| Q4 25 | $81.0M | $36.3M | ||
| Q3 25 | $144.0M | $51.7M | ||
| Q2 25 | $116.0M | $8.0M | ||
| Q1 25 | $106.0M | $13.9M | ||
| Q4 24 | $148.0M | $33.2M | ||
| Q3 24 | $118.0M | $29.0M | ||
| Q2 24 | $61.0M | $-3.6M | ||
| Q1 24 | $130.0M | $11.4M |
| Q4 25 | 72.3% | 44.1% | ||
| Q3 25 | 73.7% | 45.5% | ||
| Q2 25 | 74.2% | 43.7% | ||
| Q1 25 | 74.8% | 44.7% | ||
| Q4 24 | 75.2% | 44.5% | ||
| Q3 24 | 75.2% | 45.2% | ||
| Q2 24 | 75.7% | 43.5% | ||
| Q1 24 | 74.9% | 43.5% |
| Q4 25 | 9.9% | 12.0% | ||
| Q3 25 | 17.7% | 14.3% | ||
| Q2 25 | 13.6% | 6.9% | ||
| Q1 25 | 12.3% | 8.7% | ||
| Q4 24 | 17.6% | 12.5% | ||
| Q3 24 | 16.2% | 11.6% | ||
| Q2 24 | 6.3% | 7.5% | ||
| Q1 24 | 17.6% | 8.7% |
| Q4 25 | 8.2% | 4.1% | ||
| Q3 25 | 15.3% | 5.8% | ||
| Q2 25 | 12.7% | 1.0% | ||
| Q1 25 | 11.8% | 1.7% | ||
| Q4 24 | 16.8% | 4.1% | ||
| Q3 24 | 13.8% | 3.5% | ||
| Q2 24 | 7.4% | -0.5% | ||
| Q1 24 | 15.9% | 1.5% |
| Q4 25 | $0.31 | $1.83 | ||
| Q3 25 | $0.51 | $2.62 | ||
| Q2 25 | $0.41 | $0.40 | ||
| Q1 25 | $0.37 | $0.71 | ||
| Q4 24 | $0.53 | $1.66 | ||
| Q3 24 | $0.42 | $1.45 | ||
| Q2 24 | $0.20 | $-0.20 | ||
| Q1 24 | $0.43 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $3.3M |
| Total Assets | $3.7B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $43.1M | ||
| Q3 25 | $1.7B | $34.6M | ||
| Q2 25 | $1.6B | $46.1M | ||
| Q1 25 | $1.6B | $30.4M | ||
| Q4 24 | $1.4B | $87.0M | ||
| Q3 24 | $1.3B | $78.3M | ||
| Q2 24 | $1.4B | $101.8M | ||
| Q1 24 | $1.5B | $123.7M |
| Q4 25 | $2.5B | $3.3M | ||
| Q3 25 | $3.5B | $-40.9M | ||
| Q2 25 | $3.3B | $-110.8M | ||
| Q1 25 | $3.2B | $-163.6M | ||
| Q4 24 | $3.1B | $-183.0M | ||
| Q3 24 | $2.9B | $-234.7M | ||
| Q2 24 | $3.0B | $-289.9M | ||
| Q1 24 | $3.1B | $-297.4M |
| Q4 25 | $3.7B | $4.8B | ||
| Q3 25 | $4.5B | $4.7B | ||
| Q2 25 | $4.4B | $4.7B | ||
| Q1 25 | $4.3B | $4.6B | ||
| Q4 24 | $4.1B | $4.5B | ||
| Q3 24 | $3.9B | $4.4B | ||
| Q2 24 | $4.0B | $4.2B | ||
| Q1 24 | $4.1B | $4.1B |
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 | $131.9M |
| Free Cash FlowOCF − Capex | $171.0M | $83.0M |
| FCF MarginFCF / Revenue | 17.2% | 9.4% |
| Capex IntensityCapex / Revenue | 1.2% | 5.5% |
| Cash ConversionOCF / Net Profit | 2.26× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $131.9M | ||
| Q3 25 | $287.0M | $137.7M | ||
| Q2 25 | $203.0M | $86.6M | ||
| Q1 25 | $298.0M | $-18.8M | ||
| Q4 24 | $153.0M | $-31.4M | ||
| Q3 24 | $185.0M | $11.2M | ||
| Q2 24 | $244.0M | $56.1M | ||
| Q1 24 | $105.0M | $-114.0M |
| Q4 25 | $171.0M | $83.0M | ||
| Q3 25 | $272.0M | $80.7M | ||
| Q2 25 | $187.0M | $34.1M | ||
| Q1 25 | $280.0M | $-69.7M | ||
| Q4 24 | $141.0M | $-96.0M | ||
| Q3 24 | $171.0M | $-37.9M | ||
| Q2 24 | $220.0M | $-10.1M | ||
| Q1 24 | $91.0M | $-251.5M |
| Q4 25 | 17.2% | 9.4% | ||
| Q3 25 | 29.0% | 9.0% | ||
| Q2 25 | 20.5% | 4.2% | ||
| Q1 25 | 31.2% | -8.6% | ||
| Q4 24 | 16.0% | -11.8% | ||
| Q3 24 | 20.1% | -4.6% | ||
| Q2 24 | 26.7% | -1.4% | ||
| Q1 24 | 11.1% | -34.1% |
| Q4 25 | 1.2% | 5.5% | ||
| Q3 25 | 1.6% | 6.3% | ||
| Q2 25 | 1.8% | 6.5% | ||
| Q1 25 | 2.0% | 6.3% | ||
| Q4 24 | 1.4% | 8.0% | ||
| Q3 24 | 1.6% | 5.9% | ||
| Q2 24 | 2.9% | 9.1% | ||
| Q1 24 | 1.7% | 18.6% |
| Q4 25 | 2.26× | 3.64× | ||
| Q3 25 | 1.99× | 2.66× | ||
| Q2 25 | 1.75× | 10.78× | ||
| Q1 25 | 2.81× | -1.35× | ||
| Q4 24 | 1.03× | -0.95× | ||
| Q3 24 | 1.57× | 0.39× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
