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Side-by-side financial comparison of Maplebear Inc. (CART) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $517.5M, roughly 1.9× WOLVERINE WORLD WIDE INC). Maplebear Inc. runs the higher net margin — 8.2% vs 6.1%, a 2.0% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 12.3%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $145.6M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
CART vs WWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $517.5M |
| Net Profit | $81.0M | $31.8M |
| Gross Margin | 72.3% | 47.3% |
| Operating Margin | 9.9% | 9.7% |
| Net Margin | 8.2% | 6.1% |
| Revenue YoY | 12.3% | 25.5% |
| Net Profit YoY | -45.3% | 162.8% |
| EPS (diluted) | $0.31 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $992.0M | — | ||
| Q3 25 | $939.0M | $470.3M | ||
| Q2 25 | $914.0M | $474.2M | ||
| Q1 25 | $897.0M | $412.3M | ||
| Q4 24 | $883.0M | $494.7M | ||
| Q3 24 | $852.0M | $440.2M | ||
| Q2 24 | $823.0M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $81.0M | — | ||
| Q3 25 | $144.0M | $25.1M | ||
| Q2 25 | $116.0M | $26.8M | ||
| Q1 25 | $106.0M | $12.1M | ||
| Q4 24 | $148.0M | $23.1M | ||
| Q3 24 | $118.0M | $23.2M | ||
| Q2 24 | $61.0M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 72.3% | — | ||
| Q3 25 | 73.7% | 47.5% | ||
| Q2 25 | 74.2% | 47.2% | ||
| Q1 25 | 74.8% | 47.2% | ||
| Q4 24 | 75.2% | 43.4% | ||
| Q3 24 | 75.2% | 45.1% | ||
| Q2 24 | 75.7% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | 9.9% | — | ||
| Q3 25 | 17.7% | 8.4% | ||
| Q2 25 | 13.6% | 8.6% | ||
| Q1 25 | 12.3% | 4.8% | ||
| Q4 24 | 17.6% | 7.4% | ||
| Q3 24 | 16.2% | 7.9% | ||
| Q2 24 | 6.3% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | 8.2% | — | ||
| Q3 25 | 15.3% | 5.3% | ||
| Q2 25 | 12.7% | 5.7% | ||
| Q1 25 | 11.8% | 2.9% | ||
| Q4 24 | 16.8% | 4.7% | ||
| Q3 24 | 13.8% | 5.3% | ||
| Q2 24 | 7.4% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.31 | — | ||
| Q3 25 | $0.51 | $0.30 | ||
| Q2 25 | $0.41 | $0.32 | ||
| Q1 25 | $0.37 | $0.15 | ||
| Q4 24 | $0.53 | $0.29 | ||
| Q3 24 | $0.42 | $0.28 | ||
| Q2 24 | $0.20 | $0.17 |
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 | — | $621.7M |
| Stockholders' EquityBook value | $2.5B | $408.0M |
| Total Assets | $3.7B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
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 | — | $621.7M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $676.4M | ||
| Q2 25 | — | $708.5M | ||
| Q1 25 | — | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $3.5B | $376.7M | ||
| Q2 25 | $3.3B | $344.0M | ||
| Q1 25 | $3.2B | $310.6M | ||
| Q4 24 | $3.1B | $312.9M | ||
| Q3 24 | $2.9B | $295.2M | ||
| Q2 24 | $3.0B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $4.4B | $1.8B | ||
| Q1 25 | $4.3B | $1.7B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $3.9B | $1.8B | ||
| Q2 24 | $4.0B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $171.0M | $145.6M |
| FCF MarginFCF / Revenue | 17.2% | 28.1% |
| Capex IntensityCapex / Revenue | 1.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.26× | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $183.0M | — | ||
| Q3 25 | $287.0M | $33.0M | ||
| Q2 25 | $203.0M | $44.6M | ||
| Q1 25 | $298.0M | $-83.8M | ||
| Q4 24 | $153.0M | $82.4M | ||
| Q3 24 | $185.0M | $108.2M | ||
| Q2 24 | $244.0M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $171.0M | — | ||
| Q3 25 | $272.0M | $30.1M | ||
| Q2 25 | $187.0M | $41.2M | ||
| Q1 25 | $280.0M | $-91.4M | ||
| Q4 24 | $141.0M | $74.4M | ||
| Q3 24 | $171.0M | $104.1M | ||
| Q2 24 | $220.0M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.0% | 6.4% | ||
| Q2 25 | 20.5% | 8.7% | ||
| Q1 25 | 31.2% | -22.2% | ||
| Q4 24 | 16.0% | 15.0% | ||
| Q3 24 | 20.1% | 23.6% | ||
| Q2 24 | 26.7% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.6% | 0.6% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.0% | 1.8% | ||
| Q4 24 | 1.4% | 1.6% | ||
| Q3 24 | 1.6% | 0.9% | ||
| Q2 24 | 2.9% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.99× | 1.31× | ||
| Q2 25 | 1.75× | 1.66× | ||
| Q1 25 | 2.81× | -6.93× | ||
| Q4 24 | 1.03× | 3.57× | ||
| Q3 24 | 1.57× | 4.66× | ||
| Q2 24 | 4.00× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
