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Maplebear Inc. (CART) Stock Fundamental Analysis & AI Rating 2026

CART Nasdaq Services-Business Services, NEC DE CIK: 0001579091
Updated This Month • Analysis: Mar 21, 2026 • SEC Data: 2025-12-31
Combined AI Rating
BUY
86% Confidence
AGREEMENT
STRONG BUY
87% Conf
BUY
85% Conf

📊 CART Key Takeaways

Revenue: $3.7B
Net Margin: 11.9%
Free Cash Flow: $910.0M
Current Ratio: 2.40x
Debt/Equity: 0.00x
EPS: $1.60
AI Rating: STRONG BUY with 87% confidence
Maplebear Inc. (CART) receives a BUY rating with 86% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.7B, net profit margin of 11.9%, and return on equity (ROE) of 17.8%, Maplebear Inc. demonstrates strong fundamentals in the Services sector. Below is our complete CART stock analysis for 2026.

Is Maplebear Inc. (CART) a Good Investment?

Claude

Maplebear demonstrates exceptional financial health with outstanding profitability metrics, strong revenue growth of 10.8% YoY, and robust free cash flow generation of $910M (24.3% FCF margin). The company maintains pristine balance sheet strength with zero debt, strong liquidity ratios of 2.40x, and solid ROE of 17.8%, indicating efficient capital deployment in a high-margin business model.

ChatGPT

Maplebear shows strong fundamental quality with high gross margins, double-digit revenue growth, solid operating profitability, and exceptional free cash flow generation. The balance sheet is very strong, with substantial cash, no long-term debt, and ample liquidity, which supports resilience and strategic flexibility. The main constraint is that earnings growth is trailing revenue growth, suggesting investors should watch for margin durability and operating leverage.

Why Buy Maplebear Inc. Stock? CART Key Strengths

Claude
  • + Exceptional gross margin of 73.7% demonstrates powerful pricing power and operational efficiency in service delivery
  • + Outstanding free cash flow generation of $910M with 24.3% FCF margin indicating sustainable business model
  • + Zero long-term debt with $637M cash position and 2.40x current ratio provides fortress balance sheet
  • + Solid double-digit revenue growth of 10.8% YoY combined with positive net income growth of 2.1%
  • + Strong returns on equity (17.8%) and assets (12.1%) show efficient capital utilization
  • + Operating cash flow of $971M significantly exceeds net income of $447M, indicating quality earnings
ChatGPT
  • + High-margin business model with 73.7% gross margin and 13.3% operating margin
  • + Excellent financial health with $637M cash, 2.40x current ratio, and no long-term debt
  • + Strong cash generation with $910M free cash flow and 24.3% FCF margin

CART Stock Risks: Maplebear Inc. Investment Risks

Claude
  • ! Net income growth rate of 2.1% significantly lags revenue growth of 10.8%, suggesting margin compression or operational challenges
  • ! Operating margin of 13.3% declined relative to gross margin of 73.7%, indicating elevated operating expenses
  • ! Limited visibility into operating expense breakdown and potential cost structure headwinds
  • ! Recent insider activity with 9 Form 4 filings in last 90 days warrants monitoring for potential directional signals
  • ! Service-dependent business model may face scaling challenges or labor cost inflation pressures
ChatGPT
  • ! Net income growth of 2.1% lags revenue growth of 10.8%, indicating possible margin pressure
  • ! Operating margin remains moderate relative to very high gross margin, implying continued cost discipline is necessary
  • ! Growth quality needs monitoring to ensure cash flow strength remains supported by sustainable core operations

Key Metrics to Watch

Claude
  • * Operating margin trend and operating expense growth rate relative to revenue
  • * Free cash flow conversion and capital expenditure requirements as business scales
  • * Revenue growth sustainability and gross margin stability in competitive environment
  • * Operating cash flow quality and working capital management
  • * Insider transaction patterns and share count dilution trends
ChatGPT
  • * Operating margin and net margin trend
  • * Revenue growth versus free cash flow growth

Maplebear Inc. (CART) Financial Metrics & Key Ratios

Revenue
$3.7B
Net Income
$447.0M
EPS (Diluted)
$1.60
Free Cash Flow
$910.0M
Total Assets
$3.7B
Cash Position
$637.0M

💡 AI Analyst Insight

The 24.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 2.40x current ratio provides a solid financial cushion.

CART Profit Margin, ROE & Profitability Analysis

Gross Margin 73.7%
Operating Margin 13.3%
Net Margin 11.9%
ROE 17.8%
ROA 12.1%
FCF Margin 24.3%

CART vs Services Sector: How Maplebear Inc. Compares

How Maplebear Inc. compares to Services sector averages

Net Margin
CART 11.9%
vs
Sector Avg 10.0%
CART Sector
ROE
CART 17.8%
vs
Sector Avg 16.0%
CART Sector
Current Ratio
CART 2.4x
vs
Sector Avg 1.5x
CART Sector
Debt/Equity
CART 0.0x
vs
Sector Avg 0.7x
CART Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Maplebear Inc. Stock Overvalued? CART Valuation Analysis 2026

Based on fundamental analysis, Maplebear Inc. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
17.8%
Sector avg: 16%
Net Profit Margin
11.9%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Maplebear Inc. Balance Sheet: CART Debt, Cash & Liquidity

Current Ratio
2.40x
Quick Ratio
2.40x
Debt/Equity
0.00x
Debt/Assets
26.4%
Interest Coverage
N/A
Long-term Debt
N/A

CART Revenue & Earnings Growth: 5-Year Financial Trend

CART 5-year financial data: Year 2023: Revenue $3.0B, Net Income -$73.0M, EPS $-1.12. Year 2024: Revenue $3.4B, Net Income $428.0M, EPS $0.96. Year 2025: Revenue $3.7B, Net Income -$1.6B, EPS $-12.43.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Maplebear Inc.'s revenue has grown significantly by 23% over the 5-year period, indicating strong business expansion. The most recent EPS of $-12.43 indicates the company is currently unprofitable.

CART Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
24.3%
Free cash flow / Revenue

CART Quarterly Earnings & Performance

Quarterly financial performance data for Maplebear Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $852.0M $61.0M $0.42
Q2 2025 $823.0M $61.0M $0.20
Q1 2025 $820.0M $106.0M $0.37
Q3 2024 $764.0M $61.0M $0.42
Q2 2024 $716.0M $61.0M $0.00
Q1 2024 $759.0M $128.0M $0.00
Q3 2023 $668.0M $8.0M $0.00

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Maplebear Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$971.0M
Cash generated from operations
Stock Buybacks
$1.4B
Shares repurchased (TTM)
Capital Expenditures
$61.0M
Investment in assets
Dividends
None
No dividend program

CART SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Maplebear Inc. (CIK: 0001579091)

📋 Recent SEC Filings

Date Form Document Action
Apr 9, 2026 DEF 14A cart-20260409.htm View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773865073.xml View →
Mar 13, 2026 4 xslF345X05/wk-form4_1773432198.xml View →
Feb 27, 2026 4 xslF345X05/wk-form4_1772226231.xml View →
Feb 26, 2026 10-K cart-20251231.htm View →

Frequently Asked Questions about CART

What is the AI rating for CART?

Maplebear Inc. (CART) has a Combined AI Rating of BUY from Claude (STRONG BUY) and ChatGPT (BUY) with 86% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CART's key strengths?

Claude: Exceptional gross margin of 73.7% demonstrates powerful pricing power and operational efficiency in service delivery. Outstanding free cash flow generation of $910M with 24.3% FCF margin indicating sustainable business model. ChatGPT: High-margin business model with 73.7% gross margin and 13.3% operating margin. Excellent financial health with $637M cash, 2.40x current ratio, and no long-term debt.

What are the risks of investing in CART?

Claude: Net income growth rate of 2.1% significantly lags revenue growth of 10.8%, suggesting margin compression or operational challenges. Operating margin of 13.3% declined relative to gross margin of 73.7%, indicating elevated operating expenses. ChatGPT: Net income growth of 2.1% lags revenue growth of 10.8%, indicating possible margin pressure. Operating margin remains moderate relative to very high gross margin, implying continued cost discipline is necessary.

What is CART's revenue and growth?

Maplebear Inc. reported revenue of $3.7B.

Does CART pay dividends?

Maplebear Inc. does not currently pay dividends.

Where can I find CART SEC filings?

Official SEC filings for Maplebear Inc. (CIK: 0001579091) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CART's EPS?

Maplebear Inc. has a diluted EPS of $1.60.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is CART a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Maplebear Inc. has a BUY rating with 86% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is CART stock overvalued or undervalued?

Valuation metrics for CART: ROE of 17.8% (sector avg: 16%), net margin of 11.9% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

Should I buy CART stock in 2026?

Our dual AI analysis gives Maplebear Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is CART's free cash flow?

Maplebear Inc.'s operating cash flow is $971.0M, with capital expenditures of $61.0M. FCF margin is 24.3%.

How does CART compare to other Services stocks?

Vs Services sector averages: Net margin 11.9% (avg: 10%), ROE 17.8% (avg: 16%), current ratio 2.40 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 21, 2026 | Data as of: 2025-12-31 | Powered by Claude AI