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Side-by-side financial comparison of Maplebear Inc. (CART) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $735.9M, roughly 1.3× WEBSTER FINANCIAL CORP). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs 8.2%, a 25.3% gap on every dollar of revenue. 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.
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
CART vs WBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $735.9M |
| Net Profit | $81.0M | $246.2M |
| Gross Margin | 72.3% | — |
| Operating Margin | 9.9% | — |
| Net Margin | 8.2% | 33.5% |
| Revenue YoY | 12.3% | — |
| Net Profit YoY | -45.3% | 8.5% |
| EPS (diluted) | $0.31 | $1.50 |
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 | — | $735.9M | ||
| Q4 25 | $992.0M | $746.2M | ||
| Q3 25 | $939.0M | $732.6M | ||
| Q2 25 | $914.0M | $715.8M | ||
| Q1 25 | $897.0M | $704.8M | ||
| Q4 24 | $883.0M | $661.0M | ||
| Q3 24 | $852.0M | $647.6M | ||
| Q2 24 | $823.0M | $614.6M |
| Q1 26 | — | $246.2M | ||
| Q4 25 | $81.0M | $255.8M | ||
| Q3 25 | $144.0M | $261.2M | ||
| Q2 25 | $116.0M | $258.8M | ||
| Q1 25 | $106.0M | $226.9M | ||
| Q4 24 | $148.0M | $177.8M | ||
| Q3 24 | $118.0M | $193.0M | ||
| Q2 24 | $61.0M | $181.6M |
| 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 | — | — | ||
| Q4 25 | 9.9% | 48.6% | ||
| Q3 25 | 17.7% | 51.3% | ||
| Q2 25 | 13.6% | 51.7% | ||
| Q1 25 | 12.3% | 51.2% | ||
| Q4 24 | 17.6% | 48.5% | ||
| Q3 24 | 16.2% | 46.1% | ||
| Q2 24 | 6.3% | 47.0% |
| Q1 26 | — | 33.5% | ||
| Q4 25 | 8.2% | 34.3% | ||
| Q3 25 | 15.3% | 35.7% | ||
| Q2 25 | 12.7% | 36.2% | ||
| Q1 25 | 11.8% | 32.2% | ||
| Q4 24 | 16.8% | 26.9% | ||
| Q3 24 | 13.8% | 29.8% | ||
| Q2 24 | 7.4% | 29.6% |
| Q1 26 | — | $1.50 | ||
| Q4 25 | $0.31 | $1.54 | ||
| Q3 25 | $0.51 | $1.54 | ||
| Q2 25 | $0.41 | $1.52 | ||
| Q1 25 | $0.37 | $1.30 | ||
| Q4 24 | $0.53 | $1.01 | ||
| Q3 24 | $0.42 | $1.10 | ||
| Q2 24 | $0.20 | $1.03 |
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 | — |
| Total DebtLower is stronger | — | $738.3M |
| Stockholders' EquityBook value | $2.5B | $9.6B |
| Total Assets | $3.7B | $85.6B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $687.0M | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | $738.3M | ||
| Q4 25 | — | $739.5M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $905.6M | ||
| Q1 25 | — | $907.4M | ||
| Q4 24 | — | $909.2M | ||
| Q3 24 | — | $911.0M | ||
| Q2 24 | — | $912.7M |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $2.5B | $9.5B | ||
| Q3 25 | $3.5B | $9.5B | ||
| Q2 25 | $3.3B | $9.3B | ||
| Q1 25 | $3.2B | $9.2B | ||
| Q4 24 | $3.1B | $9.1B | ||
| Q3 24 | $2.9B | $9.2B | ||
| Q2 24 | $3.0B | $8.8B |
| Q1 26 | — | $85.6B | ||
| Q4 25 | $3.7B | $84.1B | ||
| Q3 25 | $4.5B | $83.2B | ||
| Q2 25 | $4.4B | $81.9B | ||
| Q1 25 | $4.3B | $80.3B | ||
| Q4 24 | $4.1B | $79.0B | ||
| Q3 24 | $3.9B | $79.5B | ||
| Q2 24 | $4.0B | $76.8B |
| Q1 26 | — | 0.08× | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | $1.1B | ||
| Q3 25 | $287.0M | $374.7M | ||
| Q2 25 | $203.0M | $270.9M | ||
| Q1 25 | $298.0M | $94.9M | ||
| Q4 24 | $153.0M | $1.4B | ||
| Q3 24 | $185.0M | $45.3M | ||
| Q2 24 | $244.0M | $224.0M |
| Q1 26 | — | — | ||
| Q4 25 | $171.0M | $1.0B | ||
| Q3 25 | $272.0M | $362.5M | ||
| Q2 25 | $187.0M | $257.7M | ||
| Q1 25 | $280.0M | $86.6M | ||
| Q4 24 | $141.0M | $1.4B | ||
| Q3 24 | $171.0M | $35.3M | ||
| Q2 24 | $220.0M | $215.6M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 135.2% | ||
| Q3 25 | 29.0% | 49.5% | ||
| Q2 25 | 20.5% | 36.0% | ||
| Q1 25 | 31.2% | 12.3% | ||
| Q4 24 | 16.0% | 207.0% | ||
| Q3 24 | 20.1% | 5.4% | ||
| Q2 24 | 26.7% | 35.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 6.6% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 1.4% | 5.4% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 2.9% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 4.14× | ||
| Q3 25 | 1.99× | 1.43× | ||
| Q2 25 | 1.75× | 1.05× | ||
| Q1 25 | 2.81× | 0.42× | ||
| Q4 24 | 1.03× | 7.90× | ||
| Q3 24 | 1.57× | 0.23× | ||
| Q2 24 | 4.00× | 1.23× |
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% |
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
