Maplebear vs Grocery Outlet
Grocery Outlet reported revenue of $4.7 billion in fiscal 2025, 1.3 times Maplebear's $3.7 billion in fiscal 2025. Maplebear's revenue grew 10.8% in its latest year, and Grocery Outlet's grew 7.3%. Maplebear had an operating margin of 13.3%, against -4.7% at Grocery Outlet. Free cash flow was $910 million at Maplebear and $24 million at Grocery Outlet. Their fiscal years end in different months (December 31 and January 3), so the periods don't line up exactly.
Side by side
| Maplebear | Grocery Outlet | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Jan 3, 2026 |
| Revenue | $3.7B | $4.7B |
| Revenue growth | 10.8% | 7.3% |
| Revenue growth a year, last 5 years | — | 8.4% |
| Gross margin | 73.7% | 30.3% |
| Operating margin | 13.3% | −4.7% |
| Net margin | 11.9% | −4.8% |
| Free cash flow | $910M | $24M |
| Free cash flow margin | 24.3% | 0.5% |
| Return on capital | 22.5% | −11.6% |
| Net debt to EBITDA | −1.2x | — |
| Dividends and buybacks | $1.4B | $0M |
| Change in diluted share count | −3.3% | −1.6% |
| Last close | $60.88 | $13.06 |
| P/E at the last close | 33.3× | — |
| Insider trades, last 12 months | sold $32.8 million | bought $8.3 million, sold $923,210 |
| Piotroski F-score | 6 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MaplebearGrocery Outlet
Operating margin
Percent of revenue
MaplebearGrocery Outlet
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MaplebearGrocery Outlet
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Maplebear and Grocery Outlet pages.