5 years of historical data (2020–2024) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Instacart (Maplebear Inc.) trades at 23.7x earnings, 9% below its 5-year average of 26.2x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 18.8x, the stock trades at a premium of 27%. On a free-cash-flow basis, the stock trades at 16.0x P/FCF, 28% above the 5-year average of 12.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $10.0B | $12.0B | $3.1B | — | — | — |
| Enterprise Value | $8.6B | $10.6B | $969M | — | — | — |
| P/E Ratio → | 23.74 | 26.22 | — | — | — | — |
| P/S Ratio | 2.95 | 3.55 | 1.01 | — | — | — |
| P/B Ratio | 3.51 | 3.87 | 0.82 | — | — | — |
| P/FCF | 15.99 | 19.22 | 5.78 | — | — | — |
| P/OCF | 14.50 | 17.43 | 5.23 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Instacart (Maplebear Inc.)'s enterprise value stands at 15.4x EBITDA, 19% below its 5-year average of 19.0x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 40% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.13 | 0.32 | — | — | — |
| EV / EBITDA | 15.39 | 19.02 | — | — | — | — |
| EV / EBIT | 17.50 | 21.62 | — | — | — | — |
| EV / FCF | — | 16.97 | 1.83 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Instacart (Maplebear Inc.) earns an operating margin of 14.5%, above the Consumer Cyclical sector average of 2.4%. Operating margins have expanded from 2.4% to 14.5% over the past 3 years, signaling improving operational efficiency. ROE of 13.4% is modest. ROIC of 21.9% represents excellent returns on invested capital versus a sector median of 5.6%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 75.3% | 75.3% | 74.9% | 71.8% | 66.8% | 59.5% |
| Operating Margin | 14.5% | 14.5% | -70.4% | 2.4% | -4.7% | -5.1% |
| Net Profit Margin | 13.5% | 13.5% | -53.3% | 16.8% | -4.0% | -4.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | 13.4% | 13.4% | -49.8% | 17.1% | -3.8% | -4.4% |
| ROA | 10.3% | 10.3% | -38.6% | 12.9% | -2.9% | -3.3% |
| ROIC | 21.9% | 21.9% | -111.6% | 3.9% | -8.2% | — |
| ROCE | 13.4% | 13.4% | -62.4% | 2.4% | -4.2% | -4.4% |
Solvency and debt-coverage ratios — lower is generally safer
Instacart (Maplebear Inc.) carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 4.2x). The company holds a net cash position — cash of $1.4B exceeds total debt of $26M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 |
| Debt / EBITDA | 0.05 | 0.05 | — | 0.45 | — | — |
| Net Debt / Equity | — | -0.45 | -0.56 | -0.56 | -0.49 | -0.74 |
| Net Debt / EBITDA | -2.53 | -2.53 | — | -14.05 | — | — |
| Debt / FCF | — | -2.25 | -3.96 | -6.10 | — | — |
| Interest Coverage | — | — | — | — | — | — |
Net cash position: cash ($1.4B) exceeds total debt ($26M)
Short-term solvency ratios and asset-utilisation metrics
Instacart (Maplebear Inc.)'s current ratio of 3.38x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 3.45x to 3.38x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 3.38 | 3.38 | 4.51 | 3.45 | 4.05 | 4.85 |
| Quick Ratio | 3.38 | 3.38 | 4.51 | 3.45 | 4.05 | 4.85 |
| Cash Ratio | 1.91 | 1.91 | 2.98 | 2.25 | 2.53 | 3.50 |
| Asset Turnover | — | 0.82 | 0.64 | 0.70 | 0.62 | 0.70 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 109.56 | 102.35 | 120.47 | 165.58 | 128.50 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Instacart (Maplebear Inc.) returns 14.1% to shareholders annually primarily through share buybacks. The earnings yield of 4.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 3.8% | — | — | — | — |
| FCF Yield | 6.3% | 5.2% | 17.3% | — | — | — |
| Buyback Yield | 14.1% | 11.7% | 1.2% | — | — | — |
| Total Shareholder Yield | 14.1% | 11.7% | 1.2% | — | — | — |
| Shares Outstanding | — | $289M | $131M | $277M | $277M | $277M |
Compare CART with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| CARTYou | $10B | 23.7 | 15.4 | 16.0 | 75.3% | 14.5% | 13.4% | 21.9% | 0.0 |
| CASY | $25B | 46.8 | 23.4 | 43.5 | 23.5% | 5.0% | 16.8% | 11.3% | 2.5 |
| MUSA | $7B | 16.2 | 9.7 | 18.6 | 11.4% | 3.7% | 60.2% | 18.1% | 2.4 |
| ARKO | $713M | 42.9 | 2.2 | — | — | 1.3% | 11.0% | 5.5% | 0.5 |
| WNW | $98M | 0.2 | — | — | 42.4% | -1291.6% | 15.0% | -26.0% | — |
| WBUY | $97M | -8.2 | — | — | 7.3% | -15.1% | -105.5% | -104.4% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 5 years · Updated daily
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Start ComparisonInstacart (Maplebear Inc.)'s current P/E ratio is 23.7x. The historical average is 26.2x.
Instacart (Maplebear Inc.)'s current EV/EBITDA is 15.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.0x.
Instacart (Maplebear Inc.)'s return on equity (ROE) is 13.4%. The historical average is -5.5%.
Based on historical data, Instacart (Maplebear Inc.) is trading at a P/E of 23.7x. Compare with industry peers and growth rates for a complete picture.
Instacart (Maplebear Inc.) has 75.3% gross margin and 14.5% operating margin. Operating margin between 10-20% is typical for established companies.
Instacart (Maplebear Inc.)'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.