Comprehensive Stock Comparison
Compare Instacart (Maplebear Inc.) (CART) vs Newegg Commerce, Inc. (NEGG) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CART | 11.0% revenue growth vs NEGG's -17.5% |
| Quality / Margins | CART | 14.1% net margin vs NEGG's -1.7% |
| Stability / Safety | CART | Beta 0.66 vs NEGG's 1.27, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | NEGG | +449.6% vs CART's -8.7% |
| Efficiency (ROA) | CART | 11.3% ROA vs NEGG's -6.1%, ROIC 21.9% vs -39.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Instacart operates a digital marketplace that connects consumers with personal shoppers for same-day grocery delivery and pickup from retail partners. It generates revenue primarily through service fees, delivery charges, and advertising from consumer packaged goods brands — with its advertising business becoming an increasingly significant profit driver. The company's competitive advantage lies in its extensive retail partnerships — including exclusive deals with major grocery chains — and its first-mover scale in the North American online grocery delivery space.
Newegg is an electronics-focused e-commerce retailer operating primarily in North America. It generates revenue through direct online sales of computer hardware, gaming gear, consumer electronics, and related products — with its marketplace also earning commissions from third-party sellers. The company's competitive advantage lies in its specialized focus on tech-savvy customers and its strong reputation within the PC building and gaming communities.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CART leads in 4 of 6 categories — strongest in Financial Metrics and Valuation Metrics. 1 category is tied.
Financial Metrics (TTM)
CART is the larger business by revenue, generating $3.6B annually — 2.8x NEGG's $1.3B. CART is the more profitable business, keeping 14.1% of every revenue dollar as net income compared to NEGG's -1.7%.
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| RevenueTrailing 12 months | $3.6B | $1.3B |
| EBITDAEarnings before interest/tax | $646M | -$20M |
| Net IncomeAfter-tax profit | $514M | -$23M |
| Free Cash FlowCash after capex | $880M | $9M |
| Gross MarginGross profit ÷ Revenue | +74.5% | +11.3% |
| Operating MarginEBIT ÷ Revenue | +15.3% | -2.2% |
| Net MarginNet income ÷ Revenue | +14.1% | -1.7% |
| FCF MarginFCF ÷ Revenue | +24.2% | +0.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.2% | +12.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +21.4% | +82.8% |
Valuation Metrics
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| Market CapShares × price | $10.0B | $866.0B |
| Enterprise ValueMkt cap + debt − cash | $8.6B | $866.0B |
| Trailing P/EPrice ÷ TTM EPS | 23.74x | -19.76x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.70x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 15.39x | — |
| Price / SalesMarket cap ÷ Revenue | 2.95x | 700.90x |
| Price / BookPrice ÷ Book value/share | 3.51x | 8.08x |
| Price / FCFMarket cap ÷ FCF | 15.99x | — |
Profitability & Efficiency
CART delivers a 14.1% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-20 for NEGG. CART carries lower financial leverage with a 0.01x debt-to-equity ratio, signaling a more conservative balance sheet compared to NEGG's 0.69x. On the Piotroski fundamental quality scale (0–9), CART scores 7/9 vs NEGG's 5/9, reflecting strong financial health.
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| ROE (TTM)Return on equity | +14.1% | -19.8% |
| ROA (TTM)Return on assets | +11.3% | -6.1% |
| ROICReturn on invested capital | +21.9% | -39.3% |
| ROCEReturn on capital employed | +13.4% | -28.2% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.01x | 0.69x |
| Net DebtTotal debt minus cash | -$1.4B | -$27M |
| Cash & Equiv.Liquid assets | $1.4B | $100M |
| Total DebtShort + long-term debt | $26M | $73M |
| Interest CoverageEBIT ÷ Interest expense | — | -54.15x |
Total Returns (with DRIP)
A $10,000 investment in CART five years ago would be worth $11,131 today (with dividends reinvested), compared to $2,538 for NEGG. Over the past 12 months, NEGG leads with a +449.6% total return vs CART's -8.7%. The 3-year compound annual growth rate (CAGR) favors NEGG at 16.9% vs CART's 3.6% — a key indicator of consistent wealth creation.
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| YTD ReturnYear-to-date | -14.6% | -15.0% |
| 1-Year ReturnPast 12 months | -8.7% | +449.6% |
| 3-Year ReturnCumulative with dividends | +11.3% | +59.9% |
| 5-Year ReturnCumulative with dividends | +11.3% | -74.6% |
| 10-Year ReturnCumulative with dividends | +11.3% | -83.5% |
| CAGR (3Y)Annualised 3-year return | +3.6% | +16.9% |
Risk & Volatility
CART is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than NEGG's 1.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CART currently trades 70.1% from its 52-week high vs NEGG's 32.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.66x | 1.27x |
| 52-Week HighHighest price in past year | $53.50 | $137.84 |
| 52-Week LowLowest price in past year | $32.73 | $3.32 |
| % of 52W HighCurrent price vs 52-week peak | +70.1% | +32.3% |
| RSI (14)Momentum oscillator 0–100 | 55.9 | 45.5 |
| Avg Volume (50D)Average daily shares traded | 4.5M | 72K |
Analyst Outlook
Wall Street rates CART as "Buy" and NEGG as "Buy". Consensus price targets imply 26.7% upside for CART (target: $48) vs -82.6% for NEGG (target: $8).
| Metric | CARTInstacart (Mapleb… | NEGGNewegg Commerce, … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $47.54 | $7.75 |
| # AnalystsCovering analysts | 26 | 1 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +14.1% | +0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Sep 23 | Feb 26 | Change |
|---|---|---|---|
| Instacart (Maplebea… (CART) | 100 | 112.18 | +12.2% |
| Newegg Commerce, In… (NEGG) | 100 | 318.53 | +218.5% |
Instacart (Maplebea… (CART) returned +11% over 5 years vs Newegg Commerce, In… (NEGG)'s -75%. A $10,000 investment in CART 5 years ago would be worth $11,131 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Instacart (Maplebea… (CART) | $1.5B | $3.4B | +128.7% |
| Newegg Commerce, In… (NEGG) | $738301.00 | $1.2B | +167254.0% |
Newegg Commerce, Inc.'s revenue grew from $1M (2015) to $1.2B (2024) — a 128.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Instacart (Maplebea… (CART) | -4.7% | 13.5% | +385.5% |
| Newegg Commerce, In… (NEGG) | -13.8% | -3.5% | +74.7% |
Newegg Commerce, Inc.'s net margin went from -14% (2015) to -4% (2024).
Chart 4EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Instacart (Maplebea… (CART) | -0.25 | 1.58 | +732.0% |
| Newegg Commerce, In… (NEGG) | -27.74 | -2.25 | +91.9% |
Newegg Commerce, Inc.'s EPS grew from $-27.74 (2015) to $-2.25 (2024).
Chart 5Free Cash Flow — 5 Years
Instacart (Maplebear Inc.) generated $623M FCF in 2024 (+376% vs 2021). Newegg Commerce, Inc. generated $-4M FCF in 2024 (+93% vs 2021).
CART vs NEGG: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is CART or NEGG a better buy right now?
Instacart (Maplebear Inc.) (CART) offers the better valuation at 23.7x trailing P/E (15.7x forward), making it the more compelling value choice. Analysts rate Instacart (Maplebear Inc.) (CART) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CART or NEGG?
Over the past 5 years, Instacart (Maplebear Inc.) (CART) delivered a total return of +11.3%, compared to -74.6% for Newegg Commerce, Inc. (NEGG). A $10,000 investment in CART five years ago would be worth approximately $11K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CART returned +11.3% versus NEGG's -83.5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CART or NEGG?
By beta (market sensitivity over 5 years), Instacart (Maplebear Inc.) (CART) is the lower-risk stock at 0.66β versus Newegg Commerce, Inc.'s 1.27β — meaning NEGG is approximately 91% more volatile than CART relative to the S&P 500. On balance sheet safety, Instacart (Maplebear Inc.) (CART) carries a lower debt/equity ratio of 1% versus 69% for Newegg Commerce, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — CART or NEGG?
Instacart (Maplebear Inc.) (CART) is the more profitable company, earning 13.5% net margin versus -3.5% for Newegg Commerce, Inc. — meaning it keeps 13.5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CART leads at 14.5% versus -4.2% for NEGG. At the gross margin level — before operating expenses — CART leads at 75.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is CART or NEGG more undervalued right now?
Analyst consensus price targets imply the most upside for CART: 26.7% to $47.54.
06Which pays a better dividend — CART or NEGG?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is CART or NEGG better for a retirement portfolio?
For long-horizon retirement investors, Instacart (Maplebear Inc.) (CART) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.66)). Both have compounded well over 10 years (CART: +11.3%, NEGG: -83.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between CART and NEGG?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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