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Side-by-side financial comparison of Maplebear Inc. (CART) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $992.0M, roughly 1.1× Maplebear Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 8.2%, a 23.5% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 12.3%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
CART vs VIRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.1B |
| Net Profit | $81.0M | $346.6M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | 37.4% |
| Net Margin | 8.2% | 31.6% |
| Revenue YoY | 12.3% | 30.7% |
| Net Profit YoY | -45.3% | 82.8% |
| EPS (diluted) | $0.31 | $1.99 |
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.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $992.0M | $969.9M | ||
| Q3 25 | $939.0M | $824.8M | ||
| Q2 25 | $914.0M | $999.6M | ||
| Q1 25 | $897.0M | $837.9M | ||
| Q4 24 | $883.0M | $834.3M | ||
| Q3 24 | $852.0M | $706.8M | ||
| Q2 24 | $823.0M | $693.0M |
| Q1 26 | — | $346.6M | ||
| Q4 25 | $81.0M | $139.9M | ||
| Q3 25 | $144.0M | $77.6M | ||
| Q2 25 | $116.0M | $151.2M | ||
| Q1 25 | $106.0M | $99.7M | ||
| Q4 24 | $148.0M | $94.1M | ||
| Q3 24 | $118.0M | $60.0M | ||
| Q2 24 | $61.0M | $66.6M |
| Q1 26 | — | — | ||
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 74.8% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 75.7% | — |
| Q1 26 | — | 37.4% | ||
| Q4 25 | 9.9% | 35.4% | ||
| Q3 25 | 17.7% | 21.8% | ||
| Q2 25 | 13.6% | 34.7% | ||
| Q1 25 | 12.3% | 26.7% | ||
| Q4 24 | 17.6% | 24.3% | ||
| Q3 24 | 16.2% | 20.8% | ||
| Q2 24 | 6.3% | 22.4% |
| Q1 26 | — | 31.6% | ||
| Q4 25 | 8.2% | 14.4% | ||
| Q3 25 | 15.3% | 9.4% | ||
| Q2 25 | 12.7% | 15.1% | ||
| Q1 25 | 11.8% | 11.9% | ||
| Q4 24 | 16.8% | 11.3% | ||
| Q3 24 | 13.8% | 8.5% | ||
| Q2 24 | 7.4% | 9.6% |
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.31 | $1.54 | ||
| Q3 25 | $0.51 | $0.86 | ||
| Q2 25 | $0.41 | $1.65 | ||
| Q1 25 | $0.37 | $1.08 | ||
| Q4 24 | $0.53 | $1.03 | ||
| Q3 24 | $0.42 | $0.64 | ||
| Q2 24 | $0.20 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.2B |
| Total Assets | $3.7B | $25.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $973.2M | ||
| Q4 25 | $687.0M | $1.1B | ||
| Q3 25 | $1.7B | $707.9M | ||
| Q2 25 | $1.6B | $752.1M | ||
| Q1 25 | $1.6B | $723.6M | ||
| Q4 24 | $1.4B | $872.5M | ||
| Q3 24 | $1.3B | $701.4M | ||
| Q2 24 | $1.4B | $684.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.5B | $1.6B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.3B | $1.4B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $2.9B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $3.7B | $20.2B | ||
| Q3 25 | $4.5B | $21.3B | ||
| Q2 25 | $4.4B | $19.3B | ||
| Q1 25 | $4.3B | $17.5B | ||
| Q4 24 | $4.1B | $15.4B | ||
| Q3 24 | $3.9B | $14.4B | ||
| Q2 24 | $4.0B | $13.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
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 | — |
| Free Cash FlowOCF − Capex | $171.0M | — |
| FCF MarginFCF / Revenue | 17.2% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | 2.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.0M | $518.4M | ||
| Q3 25 | $287.0M | $-68.7M | ||
| Q2 25 | $203.0M | $62.8M | ||
| Q1 25 | $298.0M | $15.0M | ||
| Q4 24 | $153.0M | $599.0M | ||
| Q3 24 | $185.0M | $112.1M | ||
| Q2 24 | $244.0M | $490.8M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $495.6M | ||
| Q3 25 | $272.0M | $-76.7M | ||
| Q2 25 | $187.0M | $57.6M | ||
| Q1 25 | $280.0M | $9.2M | ||
| Q4 24 | $141.0M | $586.6M | ||
| Q3 24 | $171.0M | $106.2M | ||
| Q2 24 | $220.0M | $486.9M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 51.1% | ||
| Q3 25 | 29.0% | -9.3% | ||
| Q2 25 | 20.5% | 5.8% | ||
| Q1 25 | 31.2% | 1.1% | ||
| Q4 24 | 16.0% | 70.3% | ||
| Q3 24 | 20.1% | 15.0% | ||
| Q2 24 | 26.7% | 70.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 2.4% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 1.6% | 0.8% | ||
| Q2 24 | 2.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 3.71× | ||
| Q3 25 | 1.99× | -0.89× | ||
| Q2 25 | 1.75× | 0.42× | ||
| Q1 25 | 2.81× | 0.15× | ||
| Q4 24 | 1.03× | 6.37× | ||
| Q3 24 | 1.57× | 1.87× | ||
| Q2 24 | 4.00× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
