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CART (Maplebear) EBIT : $455 Mil (TTM As of Mar. 2025)


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What is Maplebear EBIT?

Maplebear's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2025 was $110 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2025 was $455 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Maplebear's annualized ROC % for the quarter that ended in Mar. 2025 was 16.48%. Maplebear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 64.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Maplebear's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 4.25%.


Maplebear EBIT Historical Data

The historical data trend for Maplebear's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Maplebear EBIT Chart

Maplebear Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
-75.00 -86.00 62.00 -2,142.00 489.00

Maplebear Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 144.00 52.00 138.00 155.00 110.00

Competitive Comparison of Maplebear's EBIT

For the Internet Retail subindustry, Maplebear's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maplebear's EV-to-EBIT Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Maplebear's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Maplebear's EV-to-EBIT falls into.


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Maplebear EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $455 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Maplebear  (NAS:CART) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Maplebear's annualized ROC % for the quarter that ended in Mar. 2025 is calculated as:

ROC % (Q: Mar. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2024 ) + Invested Capital (Q: Mar. 2025 ))/ count )
=440 * ( 1 - 14.52% )/( (2340 + 2225)/ 2 )
=376.112/2282.5
=16.48 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Maplebear's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=440/( ( (221 + max(543, 0)) + (231 + max(369, 0)) )/ 2 )
=440/( ( 764 + 600 )/ 2 )
=440/682
=64.52 %

where Working Capital is:

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1014 + 0 + 314) - (406 + 210 + 169)
=543

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(974 + 0 + 269) - (437 + 275 + 162)
=369

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Maplebear's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2025 )
=455/10693.463
=4.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Maplebear EBIT Related Terms

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Maplebear Business Description

Traded in Other Exchanges
N/A
Address
50 Beale Street, Suite 600, San Francisco, CA, USA, 94105
Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart's ubiquitous platform. Once an item is ordered through Instacart's site, the item is picked and delivered to the customer's home by one of the platform's 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform's high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has about 8 million monthly active users (or orderers) on its platform.
Executives
Morgan Fong officer: General Counsel & Secretary C/O MAPLEBEAR INC., 50 BEALE STREET, SUITE 600, SAN FRANCISCO CA 94105
Fidji Simo director, officer: President and CEO C/O SHOPIFY, INC., 151 O'CONNOR STREET, GROUND FLOOR, OTTAWA Z4 K2P 2L8
Alan Ramsay officer: Chief Accounting Officer C/O YELP INC., 140 NEW MONTGOMERY ST., 9TH FLOOR, SAN FRANCISCO CA 94105
Nick Giovanni officer: Chief Financial Officer C/O MAPLEBEAR INC., 50 BEALE STREET, SUITE 600, SAN FRANCISCO CA 94105
Sequoia Capital Global Growth Fund Ii, L.p. 10 percent owner 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc Us (ttgp), Ltd. 10 percent owner 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xiv (q), L.p. 10 percent owner 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Ravi Gupta director, 10 percent owner 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Jeffrey D Jordan director 2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Sequoia Capital Us/e Expansion Fund I, L.p. 10 percent owner 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Grosvenor Capital Management, L.p. other: See Explanation of Responses 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Special Opportunities Master Fund, Ltd. other: See Explanation of Responses PO BOX 309 UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
D1 Capital Partners L.p. director, 10 percent owner, other: See Remarks 9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019
Gcm Grosvenor Inc. other: See Explanation of Responses 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Apoorva Mehta 10 percent owner C/O MAPLEBEAR INC., 50 BEALE STREET, SUITE 600, SAN FRANCISCO CA 94105