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 acr… Read more
Maplebear Inc. (CART) - Net Assets
Latest net assets as of December 2025: $2.52 Billion USD
Based on the latest financial reports, Maplebear Inc. (CART) has net assets worth $2.52 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.69 Billion) and total liabilities ($1.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.52 Billion |
| % of Total Assets | 68.29% |
| Annual Growth Rate | 74.63% |
| 5-Year Change | 11.96% |
| 10-Year Change | N/A |
| Growth Volatility | 1054.65 |
Maplebear Inc. - Net Assets Trend (2017–2025)
This chart illustrates how Maplebear Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Maplebear Inc. (2017–2025)
The table below shows the annual net assets of Maplebear Inc. from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.52 Billion | -18.59% |
| 2024-12-31 | $3.09 Billion | -17.52% |
| 2023-12-31 | $3.75 Billion | +35.97% |
| 2022-12-31 | $2.76 Billion | +22.63% |
| 2021-12-31 | $2.25 Billion | +42.70% |
| 2020-12-31 | $1.58 Billion | +3035.63% |
| 2018-12-31 | $50.26 Million | +72.61% |
| 2017-12-31 | $29.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Maplebear Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 94106.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | $-1.00 Million | -0.04% |
| Other Components | $7.00 Billion | 278.20% |
| Total Equity | $2.52 Billion | 100.00% |
Maplebear Inc. Competitors by Market Cap
The table below lists competitors of Maplebear Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ormat Technologies Inc
NYSE:ORA
|
$6.23 Billion |
|
Antofagasta PLC
PINK:ANFGF
|
$6.24 Billion |
|
The Sherwin-Williams Company
SA:S1HW34
|
$6.24 Billion |
|
Albertsons Companies
NYSE:ACI
|
$6.24 Billion |
|
Guangdong Investment Ltd
PINK:GGDVY
|
$6.22 Billion |
|
Erie Indemnity Company
NASDAQ:ERIE
|
$6.21 Billion |
|
Ternium S.A
F:T5Z
|
$6.21 Billion |
|
Ibiden Co.Ltd
PINK:IBIDF
|
$6.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maplebear Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,093,000,000 to 2,518,000,000, a change of -575,000,000 (-18.6%).
- Net income of 447,000,000 contributed positively to equity growth.
- Share repurchases of 1,386,000,000 reduced equity.
- Other comprehensive income increased equity by 8,000,000.
- Other factors increased equity by 356,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $447.00 Million | +17.75% |
| Share Repurchases | $1.39 Billion | -55.04% |
| Other Comprehensive Income | $8.00 Million | +0.32% |
| Other Changes | $356.00 Million | +14.14% |
| Total Change | $- | -18.59% |
Book Value vs Market Value Analysis
This analysis compares Maplebear Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.91x to 4.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $7.77 | $38.17 | x |
| 2020-12-31 | $5.70 | $38.17 | x |
| 2021-12-31 | $8.13 | $38.17 | x |
| 2022-12-31 | $9.97 | $38.17 | x |
| 2023-12-31 | $28.71 | $38.17 | x |
| 2024-12-31 | $10.70 | $38.17 | x |
| 2025-12-31 | $9.01 | $38.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maplebear Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.75%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.95%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.46x
- Recent ROE (17.75%) is above the historical average (0.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 5.87% | 17.93% | 0.03x | 9.45x | $-2.07 Million |
| 2020 | -4.44% | -4.74% | 0.70x | 1.33x | $-227.60 Million |
| 2021 | -3.25% | -3.98% | 0.62x | 1.32x | $-297.90 Million |
| 2022 | 15.52% | 16.78% | 0.70x | 1.33x | $152.20 Million |
| 2023 | -43.25% | -53.32% | 0.64x | 1.26x | $-2.00 Billion |
| 2024 | 14.78% | 13.53% | 0.82x | 1.33x | $147.70 Million |
| 2025 | 17.75% | 11.95% | 1.01x | 1.46x | $195.20 Million |
Industry Comparison
This section compares Maplebear Inc.'s net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $63,280,359,031
- Average return on equity (ROE) among peers: -555.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maplebear Inc. (CART) | $2.52 Billion | 5.87% | 0.46x | $6.22 Billion |
| Antiaging Quantum Living Inc. (AAQL) | $60.47K | -97.75% | 1.17x | $206.17K |
| Design Milk Co Limited (AHAHF) | $6.95 Million | 0.00% | 0.05x | $116.11 Million |
| Allegro.eu SA (ALEGF) | $8.09 Billion | 5.18% | 0.87x | $5.26 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $44.57K |
| Amazon.com Inc (AMZN) | $7.76 Billion | 8.13% | 2.26x | $2.10 Trillion |
| artnet AG (ARTZF) | $1.70 Million | 41.01% | 2.39x | $8.91 Million |
| Waitr Holdings Inc (ASAPQ) | $5.40 Million | -5391.56% | 32.12x | $135.00 |
| ASOS Plc (ASOMF) | $866.70 Million | -25.74% | 2.03x | $125.44 Million |
| Alibaba Group Holding Ltd (BABA) | $615.40 Billion | 14.28% | 0.57x | $371.78 Billion |
| Bluestem Group Inc (BGRP) | $673.25 Million | 2.11% | 1.46x | $94.73 |