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Side-by-side financial comparison of Maplebear Inc. (CART) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $766.5M, roughly 1.3× SCANSOURCE, INC.). Maplebear Inc. runs the higher net margin — 8.2% vs 2.2%, a 6.0% 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 $28.9M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
CART vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $766.5M |
| Net Profit | $81.0M | $16.5M |
| Gross Margin | 72.3% | 13.4% |
| Operating Margin | 9.9% | 2.3% |
| Net Margin | 8.2% | 2.2% |
| Revenue YoY | 12.3% | 2.5% |
| Net Profit YoY | -45.3% | -3.3% |
| EPS (diluted) | $0.31 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $939.0M | $739.6M | ||
| Q2 25 | $914.0M | $812.9M | ||
| Q1 25 | $897.0M | $704.8M | ||
| Q4 24 | $883.0M | $747.5M | ||
| Q3 24 | $852.0M | $775.6M | ||
| Q2 24 | $823.0M | $746.1M | ||
| Q1 24 | $820.0M | $752.6M |
| Q4 25 | $81.0M | $16.5M | ||
| Q3 25 | $144.0M | $19.9M | ||
| Q2 25 | $116.0M | $20.1M | ||
| Q1 25 | $106.0M | $17.4M | ||
| Q4 24 | $148.0M | $17.1M | ||
| Q3 24 | $118.0M | $17.0M | ||
| Q2 24 | $61.0M | $16.1M | ||
| Q1 24 | $130.0M | $12.8M |
| Q4 25 | 72.3% | 13.4% | ||
| Q3 25 | 73.7% | 14.5% | ||
| Q2 25 | 74.2% | 12.9% | ||
| Q1 25 | 74.8% | 14.2% | ||
| Q4 24 | 75.2% | 13.6% | ||
| Q3 24 | 75.2% | 13.1% | ||
| Q2 24 | 75.7% | 13.0% | ||
| Q1 24 | 74.9% | 12.6% |
| Q4 25 | 9.9% | 2.3% | ||
| Q3 25 | 17.7% | 3.5% | ||
| Q2 25 | 13.6% | 3.3% | ||
| Q1 25 | 12.3% | 3.2% | ||
| Q4 24 | 17.6% | 2.5% | ||
| Q3 24 | 16.2% | 2.3% | ||
| Q2 24 | 6.3% | 2.9% | ||
| Q1 24 | 17.6% | 2.3% |
| Q4 25 | 8.2% | 2.2% | ||
| Q3 25 | 15.3% | 2.7% | ||
| Q2 25 | 12.7% | 2.5% | ||
| Q1 25 | 11.8% | 2.5% | ||
| Q4 24 | 16.8% | 2.3% | ||
| Q3 24 | 13.8% | 2.2% | ||
| Q2 24 | 7.4% | 2.2% | ||
| Q1 24 | 15.9% | 1.7% |
| Q4 25 | $0.31 | $0.75 | ||
| Q3 25 | $0.51 | $0.89 | ||
| Q2 25 | $0.41 | $0.87 | ||
| Q1 25 | $0.37 | $0.74 | ||
| Q4 24 | $0.53 | $0.70 | ||
| Q3 24 | $0.42 | $0.69 | ||
| Q2 24 | $0.20 | $0.66 | ||
| Q1 24 | $0.43 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $910.9M |
| Total Assets | $3.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $83.5M | ||
| Q3 25 | $1.7B | $124.9M | ||
| Q2 25 | $1.6B | $126.2M | ||
| Q1 25 | $1.6B | $146.3M | ||
| Q4 24 | $1.4B | $110.5M | ||
| Q3 24 | $1.3B | $145.0M | ||
| Q2 24 | $1.4B | $185.5M | ||
| Q1 24 | $1.5B | $159.1M |
| Q4 25 | $2.5B | $910.9M | ||
| Q3 25 | $3.5B | $914.0M | ||
| Q2 25 | $3.3B | $906.4M | ||
| Q1 25 | $3.2B | $901.7M | ||
| Q4 24 | $3.1B | $900.7M | ||
| Q3 24 | $2.9B | $920.9M | ||
| Q2 24 | $3.0B | $924.3M | ||
| Q1 24 | $3.1B | $944.1M |
| Q4 25 | $3.7B | $1.7B | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.8B | ||
| Q2 24 | $4.0B | $1.8B | ||
| Q1 24 | $4.1B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $171.0M | $28.9M |
| FCF MarginFCF / Revenue | 17.2% | 3.8% |
| Capex IntensityCapex / Revenue | 1.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $30.8M | ||
| Q3 25 | $287.0M | $23.2M | ||
| Q2 25 | $203.0M | — | ||
| Q1 25 | $298.0M | $66.1M | ||
| Q4 24 | $153.0M | $-6.2M | ||
| Q3 24 | $185.0M | $44.8M | ||
| Q2 24 | $244.0M | — | ||
| Q1 24 | $105.0M | $160.2M |
| Q4 25 | $171.0M | $28.9M | ||
| Q3 25 | $272.0M | $20.8M | ||
| Q2 25 | $187.0M | — | ||
| Q1 25 | $280.0M | $64.6M | ||
| Q4 24 | $141.0M | $-8.2M | ||
| Q3 24 | $171.0M | $42.5M | ||
| Q2 24 | $220.0M | — | ||
| Q1 24 | $91.0M | $157.7M |
| Q4 25 | 17.2% | 3.8% | ||
| Q3 25 | 29.0% | 2.8% | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | 31.2% | 9.2% | ||
| Q4 24 | 16.0% | -1.1% | ||
| Q3 24 | 20.1% | 5.5% | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 11.1% | 21.0% |
| Q4 25 | 1.2% | 0.3% | ||
| Q3 25 | 1.6% | 0.3% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.6% | 0.3% | ||
| Q2 24 | 2.9% | 0.2% | ||
| Q1 24 | 1.7% | 0.3% |
| Q4 25 | 2.26× | 1.87× | ||
| Q3 25 | 1.99× | 1.17× | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 2.81× | 3.79× | ||
| Q4 24 | 1.03× | -0.36× | ||
| Q3 24 | 1.57× | 2.64× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
