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Side-by-side financial comparison of Maplebear Inc. (CART) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $411.0M, roughly 2.4× TripAdvisor, Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs -9.2%, a 17.4% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 0.0%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-122.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs 2.0%).
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.
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
CART vs TRIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $411.0M |
| Net Profit | $81.0M | $-38.0M |
| Gross Margin | 72.3% | 91.5% |
| Operating Margin | 9.9% | -8.3% |
| Net Margin | 8.2% | -9.2% |
| Revenue YoY | 12.3% | 0.0% |
| Net Profit YoY | -45.3% | -3900.0% |
| EPS (diluted) | $0.31 | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $939.0M | $553.0M | ||
| Q2 25 | $914.0M | $529.0M | ||
| Q1 25 | $897.0M | $398.0M | ||
| Q4 24 | $883.0M | $411.0M | ||
| Q3 24 | $852.0M | $532.0M | ||
| Q2 24 | $823.0M | $497.0M | ||
| Q1 24 | $820.0M | $395.0M |
| Q4 25 | $81.0M | $-38.0M | ||
| Q3 25 | $144.0M | $53.0M | ||
| Q2 25 | $116.0M | $36.0M | ||
| Q1 25 | $106.0M | $-11.0M | ||
| Q4 24 | $148.0M | $1.0M | ||
| Q3 24 | $118.0M | $39.0M | ||
| Q2 24 | $61.0M | $24.0M | ||
| Q1 24 | $130.0M | $-59.0M |
| Q4 25 | 72.3% | 91.5% | ||
| Q3 25 | 73.7% | 92.6% | ||
| Q2 25 | 74.2% | 92.1% | ||
| Q1 25 | 74.8% | 93.2% | ||
| Q4 24 | 75.2% | 93.4% | ||
| Q3 24 | 75.2% | 92.5% | ||
| Q2 24 | 75.7% | 92.8% | ||
| Q1 24 | 74.9% | 93.7% |
| Q4 25 | 9.9% | -8.3% | ||
| Q3 25 | 17.7% | 12.7% | ||
| Q2 25 | 13.6% | 11.2% | ||
| Q1 25 | 12.3% | -3.8% | ||
| Q4 24 | 17.6% | 0.2% | ||
| Q3 24 | 16.2% | 13.2% | ||
| Q2 24 | 6.3% | 7.2% | ||
| Q1 24 | 17.6% | -3.8% |
| Q4 25 | 8.2% | -9.2% | ||
| Q3 25 | 15.3% | 9.6% | ||
| Q2 25 | 12.7% | 6.8% | ||
| Q1 25 | 11.8% | -2.8% | ||
| Q4 24 | 16.8% | 0.2% | ||
| Q3 24 | 13.8% | 7.3% | ||
| Q2 24 | 7.4% | 4.8% | ||
| Q1 24 | 15.9% | -14.9% |
| Q4 25 | $0.31 | $-0.32 | ||
| Q3 25 | $0.51 | $0.43 | ||
| Q2 25 | $0.41 | $0.28 | ||
| Q1 25 | $0.37 | $-0.08 | ||
| Q4 24 | $0.53 | $0.03 | ||
| Q3 24 | $0.42 | $0.27 | ||
| Q2 24 | $0.20 | $0.17 | ||
| Q1 24 | $0.43 | $-0.43 |
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 | $1.0B |
| Total DebtLower is stronger | — | $819.0M |
| Stockholders' EquityBook value | $2.5B | $645.0M |
| Total Assets | $3.7B | $2.6B |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $1.0B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.5B | $645.0M | ||
| Q3 25 | $3.5B | $707.0M | ||
| Q2 25 | $3.3B | $627.0M | ||
| Q1 25 | $3.2B | $643.0M | ||
| Q4 24 | $3.1B | $943.0M | ||
| Q3 24 | $2.9B | $944.0M | ||
| Q2 24 | $3.0B | $857.0M | ||
| Q1 24 | $3.1B | $825.0M |
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $4.5B | $2.8B | ||
| Q2 25 | $4.4B | $2.9B | ||
| Q1 25 | $4.3B | $2.8B | ||
| Q4 24 | $4.1B | $2.6B | ||
| Q3 24 | $3.9B | $2.7B | ||
| Q2 24 | $4.0B | $2.8B | ||
| Q1 24 | $4.1B | $2.7B |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | — | ||
| Q1 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 | $-103.0M |
| Free Cash FlowOCF − Capex | $171.0M | $-122.0M |
| FCF MarginFCF / Revenue | 17.2% | -29.7% |
| Capex IntensityCapex / Revenue | 1.2% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $-103.0M | ||
| Q3 25 | $287.0M | $44.0M | ||
| Q2 25 | $203.0M | $202.0M | ||
| Q1 25 | $298.0M | $102.0M | ||
| Q4 24 | $153.0M | $-3.0M | ||
| Q3 24 | $185.0M | $-43.0M | ||
| Q2 24 | $244.0M | $51.0M | ||
| Q1 24 | $105.0M | $139.0M |
| Q4 25 | $171.0M | $-122.0M | ||
| Q3 25 | $272.0M | $25.0M | ||
| Q2 25 | $187.0M | $177.0M | ||
| Q1 25 | $280.0M | $83.0M | ||
| Q4 24 | $141.0M | $-26.0M | ||
| Q3 24 | $171.0M | $-63.0M | ||
| Q2 24 | $220.0M | $36.0M | ||
| Q1 24 | $91.0M | $123.0M |
| Q4 25 | 17.2% | -29.7% | ||
| Q3 25 | 29.0% | 4.5% | ||
| Q2 25 | 20.5% | 33.5% | ||
| Q1 25 | 31.2% | 20.9% | ||
| Q4 24 | 16.0% | -6.3% | ||
| Q3 24 | 20.1% | -11.8% | ||
| Q2 24 | 26.7% | 7.2% | ||
| Q1 24 | 11.1% | 31.1% |
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.8% | 4.7% | ||
| Q1 25 | 2.0% | 4.8% | ||
| Q4 24 | 1.4% | 5.6% | ||
| Q3 24 | 1.6% | 3.8% | ||
| Q2 24 | 2.9% | 3.0% | ||
| Q1 24 | 1.7% | 4.1% |
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 0.83× | ||
| Q2 25 | 1.75× | 5.61× | ||
| Q1 25 | 2.81× | — | ||
| Q4 24 | 1.03× | -3.00× | ||
| Q3 24 | 1.57× | -1.10× | ||
| Q2 24 | 4.00× | 2.13× | ||
| Q1 24 | 0.81× | — |
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% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
