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Side-by-side financial comparison of Maplebear Inc. (CART) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.
Williams-Sonoma, Inc. is the larger business by last-quarter revenue ($1.9B vs $992.0M, roughly 1.9× Maplebear Inc.). Williams-Sonoma, Inc. runs the higher net margin — 12.8% vs 8.2%, a 4.7% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 4.6%). Williams-Sonoma, Inc. produced more free cash flow last quarter ($248.1M vs $171.0M). Over the past eight quarters, Maplebear Inc.'s revenue compounded faster (10.0% CAGR vs -9.1%).
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.
Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.
CART vs WSM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.9B |
| Net Profit | $81.0M | $241.6M |
| Gross Margin | 72.3% | 46.1% |
| Operating Margin | 9.9% | 17.0% |
| Net Margin | 8.2% | 12.8% |
| Revenue YoY | 12.3% | 4.6% |
| Net Profit YoY | -45.3% | -3.0% |
| EPS (diluted) | $0.31 | $1.96 |
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 | $1.9B | ||
| Q3 25 | $939.0M | $1.8B | ||
| Q2 25 | $914.0M | $1.7B | ||
| Q1 25 | $897.0M | $2.5B | ||
| Q4 24 | $883.0M | $1.8B | ||
| Q3 24 | $852.0M | $1.8B | ||
| Q2 24 | $823.0M | $1.7B | ||
| Q1 24 | $820.0M | $2.3B |
| Q4 25 | $81.0M | $241.6M | ||
| Q3 25 | $144.0M | $247.6M | ||
| Q2 25 | $116.0M | $231.3M | ||
| Q1 25 | $106.0M | $384.9M | ||
| Q4 24 | $148.0M | $249.0M | ||
| Q3 24 | $118.0M | $225.7M | ||
| Q2 24 | $61.0M | $265.7M | ||
| Q1 24 | $130.0M | $354.4M |
| Q4 25 | 72.3% | 46.1% | ||
| Q3 25 | 73.7% | 47.1% | ||
| Q2 25 | 74.2% | 44.3% | ||
| Q1 25 | 74.8% | 45.2% | ||
| Q4 24 | 75.2% | 46.7% | ||
| Q3 24 | 75.2% | 46.2% | ||
| Q2 24 | 75.7% | 48.3% | ||
| Q1 24 | 74.9% | 46.0% |
| Q4 25 | 9.9% | 17.0% | ||
| Q3 25 | 17.7% | 17.9% | ||
| Q2 25 | 13.6% | 16.8% | ||
| Q1 25 | 12.3% | 20.1% | ||
| Q4 24 | 17.6% | 17.8% | ||
| Q3 24 | 16.2% | 16.2% | ||
| Q2 24 | 6.3% | 19.5% | ||
| Q1 24 | 17.6% | 20.1% |
| Q4 25 | 8.2% | 12.8% | ||
| Q3 25 | 15.3% | 13.5% | ||
| Q2 25 | 12.7% | 13.4% | ||
| Q1 25 | 11.8% | 15.6% | ||
| Q4 24 | 16.8% | 13.8% | ||
| Q3 24 | 13.8% | 12.6% | ||
| Q2 24 | 7.4% | 16.0% | ||
| Q1 24 | 15.9% | 15.6% |
| Q4 25 | $0.31 | $1.96 | ||
| Q3 25 | $0.51 | $2.00 | ||
| Q2 25 | $0.41 | $1.85 | ||
| Q1 25 | $0.37 | $1.02 | ||
| Q4 24 | $0.53 | $1.96 | ||
| Q3 24 | $0.42 | $1.74 | ||
| Q2 24 | $0.20 | $4.07 | ||
| Q1 24 | $0.43 | $5.42 |
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 | $884.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.1B |
| Total Assets | $3.7B | $5.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $884.7M | ||
| Q3 25 | $1.7B | $985.8M | ||
| Q2 25 | $1.6B | $1.0B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.4B | $826.8M | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $3.5B | $2.1B | ||
| Q2 25 | $3.3B | $2.2B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.1B | $1.9B | ||
| Q3 24 | $2.9B | $2.3B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $3.1B | $2.1B |
| Q4 25 | $3.7B | $5.3B | ||
| Q3 25 | $4.5B | $5.2B | ||
| Q2 25 | $4.4B | $5.2B | ||
| Q1 25 | $4.3B | $5.3B | ||
| Q4 24 | $4.1B | $5.0B | ||
| Q3 24 | $3.9B | $5.2B | ||
| Q2 24 | $4.0B | $5.2B | ||
| Q1 24 | $4.1B | $5.3B |
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 | $316.3M |
| Free Cash FlowOCF − Capex | $171.0M | $248.1M |
| FCF MarginFCF / Revenue | 17.2% | 13.2% |
| Capex IntensityCapex / Revenue | 1.2% | 3.6% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.31× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $316.3M | ||
| Q3 25 | $287.0M | $282.7M | ||
| Q2 25 | $203.0M | $118.9M | ||
| Q1 25 | $298.0M | $633.5M | ||
| Q4 24 | $153.0M | $253.5M | ||
| Q3 24 | $185.0M | $246.5M | ||
| Q2 24 | $244.0M | $226.8M | ||
| Q1 24 | $105.0M | $674.9M |
| Q4 25 | $171.0M | $248.1M | ||
| Q3 25 | $272.0M | $230.7M | ||
| Q2 25 | $187.0M | $60.7M | ||
| Q1 25 | $280.0M | $566.3M | ||
| Q4 24 | $141.0M | $170.1M | ||
| Q3 24 | $171.0M | $215.1M | ||
| Q2 24 | $220.0M | $187.3M | ||
| Q1 24 | $91.0M | $621.2M |
| Q4 25 | 17.2% | 13.2% | ||
| Q3 25 | 29.0% | 12.6% | ||
| Q2 25 | 20.5% | 3.5% | ||
| Q1 25 | 31.2% | 23.0% | ||
| Q4 24 | 16.0% | 9.4% | ||
| Q3 24 | 20.1% | 12.0% | ||
| Q2 24 | 26.7% | 11.3% | ||
| Q1 24 | 11.1% | 27.3% |
| Q4 25 | 1.2% | 3.6% | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 2.0% | 2.7% | ||
| Q4 24 | 1.4% | 4.6% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 2.9% | 2.4% | ||
| Q1 24 | 1.7% | 2.4% |
| Q4 25 | 2.26× | 1.31× | ||
| Q3 25 | 1.99× | 1.14× | ||
| Q2 25 | 1.75× | 0.51× | ||
| Q1 25 | 2.81× | 1.65× | ||
| Q4 24 | 1.03× | 1.02× | ||
| Q3 24 | 1.57× | 1.09× | ||
| Q2 24 | 4.00× | 0.85× | ||
| Q1 24 | 0.81× | 1.90× |
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% |
WSM
Segment breakdown not available.
