Last 18 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Instacart (Maplebear Inc.)'s quarterly P/E stands at 18.0x, down 25.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 30.5% YoY to 11.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 23.74 | 18.02 | 27.59 | 26.24 | 19.54 | 24.25 | 40.17 | 19.42 | 12.22 | — | — | — | — |
| — | -25.7% | -31.3% | +35.1% | +59.8% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.95 | 2.77 | 3.48 | 3.08 | 3.31 | 3.36 | 2.79 | 3.02 | 2.04 | 2.72 | — | — | — |
| — | -17.5% | +24.5% | +2.0% | +62.2% | +23.4% | — | — | — | — | — | — | — | |
| P/B Ratio | 3.51 | 2.85 | 3.86 | 3.48 | 3.78 | 3.99 | 3.03 | 3.15 | 1.75 | 2.27 | — | — | — |
| — | -28.5% | +27.4% | +10.4% | +116.3% | +75.4% | — | — | — | — | — | — | — | |
| P/FCF | 15.99 | 9.57 | 17.01 | 9.87 | 20.71 | 16.74 | 10.41 | 27.53 | 7.62 | 21.88 | — | — | — |
| — | -42.8% | +63.5% | -64.1% | +172.0% | -23.5% | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.39 | 11.34 | 19.17 | 18.03 | 14.77 | 16.33 | 29.10 | 13.78 | 20.61 | — | — | — | — |
| — | -30.5% | -34.1% | +30.9% | -28.4% | — | — | — | — | — | — | — | — | |
| EV / EBIT | 17.50 | 12.09 | 22.91 | 21.64 | 16.58 | 18.46 | 37.49 | 13.01 | 24.20 | — | — | — | — |
| — | -34.5% | -38.9% | +66.3% | -31.5% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Instacart (Maplebear Inc.)'s operating margin was 17.7% in Q3 2025, up 4.1 pp QoQ and up 1.5 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 15.3% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.3% | 73.7% | 74.2% | 74.8% | 75.2% | 75.2% | 75.7% | 74.9% | 75.7% | 73.4% | 73.6% | 76.7% | 76.2% |
| — | -2.0% | -2.0% | -0.1% | -0.7% | +2.5% | +2.8% | -2.3% | -0.7% | +1.1% | +3.9% | +17.7% | +11.9% | |
| Operating Margin | 14.5% | 17.7% | 13.6% | 12.3% | 17.6% | 16.2% | 6.3% | 17.6% | 5.7% | -321.6% | 16.6% | 19.8% | 13.5% |
| — | +9.1% | +114.7% | -30.2% | +206.4% | +105.0% | -62.0% | -11.1% | -57.5% | -6609.9% | +1190.2% | +223.2% | +233.3% | |
| Net Margin | 13.5% | 15.3% | 12.7% | 11.8% | 16.8% | 13.8% | 7.4% | 15.9% | 16.8% | -261.6% | 15.9% | 16.9% | 61.6% |
| — | +10.7% | +71.2% | -25.5% | -0.3% | +105.3% | -53.4% | -6.0% | -72.7% | -4955.1% | +1136.0% | +203.9% | +804.6% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.4% | 4.1% | 3.6% | 3.4% | 5.0% | 4.0% | 2.0% | 3.8% | 3.6% | -59.9% | 3.9% | 4.5% | 16.9% |
| — | +3.8% | +81.5% | -10.4% | +36.2% | +106.7% | -48.9% | -16.7% | -78.4% | -4242.0% | +971.0% | — | +1015.6% | |
| ROA | 10.3% | 3.2% | 2.7% | 2.5% | 3.7% | 3.0% | 1.5% | 2.9% | 3.0% | -48.7% | 3.0% | 3.5% | 12.7% |
| — | +8.2% | +77.1% | -14.4% | +24.7% | +106.1% | -50.6% | -15.0% | -76.8% | -4631.9% | +1051.2% | — | +1006.2% | |
| ROIC | 21.9% | 6.5% | 5.3% | 5.0% | 7.0% | 6.4% | 2.4% | 6.5% | 2.1% | -133.5% | 7.5% | 9.1% | 6.2% |
| — | +1.6% | +125.6% | -23.9% | +233.8% | +104.8% | -68.4% | -28.4% | -65.8% | -5786.6% | +1813.1% | — | +296.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Instacart (Maplebear Inc.)'s Debt/EBITDA ratio is 0.2x, down from 0.3x last quarter — comfortably within a safe range. The current ratio has improved 19.1% YoY to 3.64x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| — | +3.9% | +6.5% | -39.6% | -21.2% | -17.0% | -26.2% | -27.9% | -40.0% | — | -24.6% | — | -7.1% | |
| Debt / EBITDA | 0.05 | 0.19 | 0.25 | 0.17 | 0.15 | 0.18 | 0.48 | 0.24 | 0.74 | — | 0.32 | 0.28 | 0.42 |
| — | +6.8% | -47.3% | -29.2% | -79.8% | — | +48.8% | -16.1% | +75.4% | — | -88.5% | — | — | |
| Current Ratio | 3.38 | 3.64 | 3.32 | 3.24 | 3.38 | 3.06 | 3.45 | 3.78 | 4.51 | 4.50 | 4.25 | 3.96 | 3.45 |
| — | +19.1% | -3.7% | -14.3% | -25.0% | -32.0% | -18.8% | -4.6% | +30.8% | +30.5% | +15.3% | — | -14.8% | |
| Quick Ratio | 3.38 | 3.64 | 3.32 | 3.24 | 3.38 | 3.06 | 3.45 | 3.78 | 4.51 | 4.50 | 4.25 | 3.96 | 3.45 |
| — | +19.1% | -3.7% | -14.3% | -25.0% | -32.0% | -18.8% | -4.6% | +30.8% | +30.5% | +15.3% | — | -14.8% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 18 years · Updated daily
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Start ComparisonInstacart (Maplebear Inc.)'s current P/E is 23.7x. The average P/E over the last 4 quarters is 22.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Instacart (Maplebear Inc.)'s current operating margin is 14.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Instacart (Maplebear Inc.)'s business trajectory between earnings reports.