Maplebear Inc. (CART) - Net Assets
Based on the latest financial reports, Maplebear Inc. (CART) has net assets worth $2.59 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.54 Billion) and total liabilities ($941.00 Million). 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. Check CART goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.59 Billion |
| % of Total Assets | 73.38% |
| 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. See CART defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Maplebear Inc. (2017–2025)
The table below shows the annual net assets of Maplebear Inc. from 2017 to 2025. For live valuation and market cap data, see Maplebear Inc. stock valuation.
| 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 |
|---|---|
|
China Merchants Shekou Industrial Zone Holdings
SHE:001979
|
$9.93 Billion |
|
Baxter International Inc
NYSE:BAX
|
$9.94 Billion |
|
Zhejiang Jingsheng Mech Electric
SHE:300316
|
$9.94 Billion |
|
Insulet Corporation
NASDAQ:PODD
|
$9.94 Billion |
|
Klepierre SA
PA:LI
|
$9.92 Billion |
|
Service Corporation International
NYSE:SCI
|
$9.92 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$9.91 Billion |
|
Compeq Manufacturing Co Ltd
TW:2313
|
$9.91 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: 4.76x
- 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 5.51x to 4.76x 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 | $42.82 | x |
| 2020-12-31 | $5.70 | $42.82 | x |
| 2021-12-31 | $8.13 | $42.82 | x |
| 2022-12-31 | $9.97 | $42.82 | x |
| 2023-12-31 | $28.71 | $42.82 | x |
| 2024-12-31 | $10.70 | $42.82 | x |
| 2025-12-31 | $9.01 | $42.82 | 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: $32,912,145,103
- Average return on equity (ROE) among peers: 1.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maplebear Inc. (CART) | $2.59 Billion | 5.87% | 0.36x | $9.93 Billion |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $13.13 Million |
| Amazon.com Inc (AMZN) | $285.97 Billion | 20.72% | 1.19x | $2.55 Trillion |
| Beyond, Inc. (BYON) | $129.22 Million | 6.85% | 1.92x | $541.91 Million |
| Baozun Inc (BZUN) | $6.13 Billion | 6.95% | 0.71x | $138.03 Million |
| Chewy Inc (CHWY) | $497.90 Million | 44.75% | 6.22x | $4.13 Billion |
| Coupang LLC (CPNG) | $-3.53 Billion | 0.00% | 0.00x | $28.56 Billion |
| Dada Nexus Ltd (DADA) | $-7.19 Billion | 0.00% | 0.00x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $7.81 Billion | 1.57% | 0.64x | $67.36 Billion |
| eBay Inc (EBAY) | $6.40 Billion | 43.26% | 2.38x | $47.90 Billion |
About 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