vs
Side-by-side financial comparison of Maplebear Inc. (CART) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $992.0M, roughly 1.7× Maplebear Inc.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 8.2%, a 5.6% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 8.8%). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
CART vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.6B |
| Net Profit | $81.0M | $226.1M |
| Gross Margin | 72.3% | 48.7% |
| Operating Margin | 9.9% | 24.2% |
| Net Margin | 8.2% | 13.7% |
| Revenue YoY | 12.3% | 8.8% |
| Net Profit YoY | -45.3% | 6.2% |
| EPS (diluted) | $0.31 | $0.91 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $992.0M | $1.7B | ||
| Q3 25 | $939.0M | $1.6B | ||
| Q2 25 | $914.0M | $1.5B | ||
| Q1 25 | $897.0M | $1.5B | ||
| Q4 24 | $883.0M | $1.5B | ||
| Q3 24 | $852.0M | $1.5B | ||
| Q2 24 | $823.0M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $81.0M | $193.1M | ||
| Q3 25 | $144.0M | $210.0M | ||
| Q2 25 | $116.0M | $180.8M | ||
| Q1 25 | $106.0M | $213.0M | ||
| Q4 24 | $148.0M | $248.2M | ||
| Q3 24 | $118.0M | $164.4M | ||
| Q2 24 | $61.0M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | 72.3% | 47.8% | ||
| Q3 25 | 73.7% | 47.7% | ||
| Q2 25 | 74.2% | 48.0% | ||
| Q1 25 | 74.8% | 49.3% | ||
| Q4 24 | 75.2% | 49.3% | ||
| Q3 24 | 75.2% | 48.0% | ||
| Q2 24 | 75.7% | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 9.9% | 22.3% | ||
| Q3 25 | 17.7% | 23.3% | ||
| Q2 25 | 13.6% | 22.4% | ||
| Q1 25 | 12.3% | 23.6% | ||
| Q4 24 | 17.6% | 23.4% | ||
| Q3 24 | 16.2% | 22.2% | ||
| Q2 24 | 6.3% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 8.2% | 11.7% | ||
| Q3 25 | 15.3% | 13.4% | ||
| Q2 25 | 12.7% | 11.8% | ||
| Q1 25 | 11.8% | 14.1% | ||
| Q4 24 | 16.8% | 16.2% | ||
| Q3 24 | 13.8% | 11.2% | ||
| Q2 24 | 7.4% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $0.31 | $0.76 | ||
| Q3 25 | $0.51 | $0.83 | ||
| Q2 25 | $0.41 | $0.72 | ||
| Q1 25 | $0.37 | $0.84 | ||
| Q4 24 | $0.53 | $0.98 | ||
| Q3 24 | $0.42 | $0.65 | ||
| Q2 24 | $0.20 | $0.75 |
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 | $420.9M |
| Total DebtLower is stronger | — | $7.4B |
| Stockholders' EquityBook value | $2.5B | $6.9B |
| Total Assets | $3.7B | $20.3B |
| Debt / EquityLower = less leverage | — | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $687.0M | $462.1M | ||
| Q3 25 | $1.7B | $388.3M | ||
| Q2 25 | $1.6B | $480.3M | ||
| Q1 25 | $1.6B | $515.0M | ||
| Q4 24 | $1.4B | $567.1M | ||
| Q3 24 | $1.3B | $694.7M | ||
| Q2 24 | $1.4B | $462.7M |
| Q1 26 | — | $7.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $2.5B | $6.9B | ||
| Q3 25 | $3.5B | $6.9B | ||
| Q2 25 | $3.3B | $6.9B | ||
| Q1 25 | $3.2B | $6.8B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $2.9B | $6.8B | ||
| Q2 24 | $3.0B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $3.7B | $20.7B | ||
| Q3 25 | $4.5B | $19.5B | ||
| Q2 25 | $4.4B | $19.0B | ||
| Q1 25 | $4.3B | $20.4B | ||
| Q4 24 | $4.1B | $19.0B | ||
| Q3 24 | $3.9B | $18.4B | ||
| Q2 24 | $4.0B | $16.9B |
| Q1 26 | — | 1.08× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $299.7M |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $183.0M | $643.5M | ||
| Q3 25 | $287.0M | $456.2M | ||
| Q2 25 | $203.0M | $372.9M | ||
| Q1 25 | $298.0M | $272.2M | ||
| Q4 24 | $153.0M | $486.6M | ||
| Q3 24 | $185.0M | $336.6M | ||
| Q2 24 | $244.0M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $633.0M | ||
| Q3 25 | $272.0M | $421.5M | ||
| Q2 25 | $187.0M | $350.0M | ||
| Q1 25 | $280.0M | $259.5M | ||
| Q4 24 | $141.0M | $466.9M | ||
| Q3 24 | $171.0M | $310.7M | ||
| Q2 24 | $220.0M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 38.3% | ||
| Q3 25 | 29.0% | 26.9% | ||
| Q2 25 | 20.5% | 22.8% | ||
| Q1 25 | 31.2% | 17.1% | ||
| Q4 24 | 16.0% | 30.5% | ||
| Q3 24 | 20.1% | 21.2% | ||
| Q2 24 | 26.7% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 1.2% | 0.6% | ||
| Q3 25 | 1.6% | 2.2% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 1.4% | 1.3% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 2.9% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | 2.26× | 3.33× | ||
| Q3 25 | 1.99× | 2.17× | ||
| Q2 25 | 1.75× | 2.06× | ||
| Q1 25 | 2.81× | 1.28× | ||
| Q4 24 | 1.03× | 1.96× | ||
| Q3 24 | 1.57× | 2.05× | ||
| Q2 24 | 4.00× | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
