Maplebear Inc
Research Maplebear Inc (CART) on Bullrun: valuation model: 7.2% overvalued, market cap USD 11.13B, P/E 26.3. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCART
- ExchangeNASDAQ
- CountryUnited States
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal7.2% overvalued
- Market capUSD 11.13B
- P/E26.3
- 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 7.2% overvalued; latest market cap is USD 11.13B; P/E is 26.3.
Peer valuation comparison
Latest P/E is 26.3x versus a Consumer Cyclical sector median of 17.61x (49.3% above).
Latest P/E is 26.3x versus a United States median of 23.85x (10.2% 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 | USD 49.00M | -USD 64.00M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 11.13B | 26.3 | 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 7.2% overvalued.
What is Maplebear Inc's market cap?
Maplebear Inc's market capitalization is USD 11.13B.
What is Maplebear Inc's P/E ratio?
Maplebear Inc's price-to-earnings (P/E) ratio is 26.3.
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.