Maplebear Inc
Research Maplebear Inc (CART) on Bullrun: valuation model: 10.3% overvalued, market cap USD 12.00B, P/E 28.4. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCART
- ExchangeNASDAQ
- CountryUnited States
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal10.3% overvalued
- Market capUSD 12.00B
- P/E28.4
- Financial periodQ2 2026
- RevenueUSD 1.04B
- Net incomeUSD 111.00M
- Free cash flowUSD 481.00M
- Gross margin72.0%
Valuation Snapshot
Bullrun's latest valuation model marks Maplebear Inc as 10.3% overvalued; latest market cap is USD 12.00B; P/E is 28.4.
Peer valuation comparison
Latest P/E is 28.36x versus a Consumer Cyclical sector median of 17.59x (61.3% above).
Latest P/E is 28.36x versus a United States median of 24.87x (14.1% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.74B | USD 447.00M | USD 910.00M | 73.7% | 1.6 | USD 637.00M | USD 36.00M | USD 2.52B |
| FY2024 | USD 3.38B | USD 457.00M | USD 623.00M | 75.3% | 1.58 | USD 1.28B | USD 26.00M | USD 3.09B |
| FY2023 | USD 3.04B | -USD 1.62B | USD 532.00M | 74.9% | -12.43 | USD 2.14B | USD 40.00M | USD 3.75B |
| FY2022 | USD 2.55B | USD 428.00M | USD 253.00M | 71.8% | 0.96 | USD 1.51B | n/a | -USD 64.00M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 12.00B | 28.4 | n/a | n/a |
| 2025 | 2025-12-31 | USD 10.92B | 28.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 10.81B | 25.4 | n/a | n/a |
| 2023 | 2023-12-29 | USD 6.58B | n/a | n/a | n/a |
About Maplebear Inc
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business;
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Frequently asked questions
Is Maplebear Inc overvalued or undervalued?
Bullrun's valuation model currently marks Maplebear Inc as 10.3% overvalued.
What is Maplebear Inc's market cap?
Maplebear Inc's market capitalization is USD 12.00B.
What is Maplebear Inc's P/E ratio?
Maplebear Inc's price-to-earnings (P/E) ratio is 28.4.
What does Maplebear Inc do?
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers' needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more about general consumer behavior from discovery to purchase, offering insights about how to optimize advertising spend.