Maplebear Inc. (CART)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 75.25% | 74.88% | 71.78% | 66.85% | 59.51% |
| Operating profit margin | 14.48% | -70.41% | 2.43% | -4.69% | -5.08% |
| Pretax margin | 16.34% | -67.75% | 2.78% | -3.93% | -4.74% |
| Net profit margin | 13.53% | -53.32% | 16.78% | -3.98% | -4.74% |
Maplebear Inc.'s profitability ratios have shown varying trends over the years.
1. Gross Profit Margin:
- The gross profit margin has been consistently increasing, from 59.51% in 2020 to 75.25% in 2024. This indicates that the company is effectively managing its production costs and markups on its products.
2. Operating Profit Margin:
- The operating profit margin started in negative territory in 2020 and 2021, reflecting operational inefficiencies or challenges. However, there was a significant improvement in 2022 and a sharp decline in 2023, before rebounding in 2024 to a healthier level of 14.48%. This suggests that Maplebear Inc. has worked on optimizing its operating expenses and processes.
3. Pretax Margin:
- The pretax margin also followed a similar pattern as the operating profit margin, with negative values in 2020 and 2021, a positive turn in 2022, a steep decline in 2023, and a substantial recovery in 2024. The positive pretax margin in 2024 at 16.34% indicates that the company's pre-tax profits relative to its total revenue have improved.
4. Net Profit Margin:
- The net profit margin, a key indicator of overall profitability, fluctuated significantly over the years. From negative margins in 2020 and 2021, Maplebear Inc. achieved a strong net profit margin of 16.78% in 2022. However, there was a sharp decline in 2023, before recovering to 13.53% in 2024. This indicates that while the company has improved its profitability compared to earlier years, there are still fluctuations that need attention.
Overall, Maplebear Inc. has shown improvements in its profitability ratios over the years, with a notable increase in gross profit margin and a gradual recovery in operating and net profit margins. It is essential for the company to continue monitoring and managing its expenses to sustain and enhance its profitability in the future.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 11.88% | -45.31% | 1.69% | -2.90% | -3.58% |
| Return on assets (ROA) | 11.11% | -34.31% | 11.67% | -2.47% | -3.34% |
| Return on total capital | 15.81% | -54.55% | — | — | -4.44% |
| Return on equity (ROE) | 14.78% | -41.30% | — | — | -4.44% |
Maplebear Inc.'s profitability ratios indicate varying performance over the years.
1. Operating return on assets (Operating ROA) improved from negative percentages in 2020 and 2021 to 1.69% in 2022, showing a positive trend. However, there was a significant decline to -45.31% in 2023 before a substantial recovery to 11.88% in 2024.
2. Return on assets (ROA) also exhibited fluctuations with negative values in 2020 and 2021, a notable increase to 11.67% in 2022, followed by a sharp decline to -34.31% in 2023, and a subsequent recovery to 11.11% in 2024.
3. Return on total capital was negative in 2020, saw missing data in 2021 and 2022, then decreased further to -54.55% in 2023, but saw a significant improvement to 15.81% in 2024.
4. Return on equity (ROE) mirrored the trends seen in the other ratios, starting negative in 2020, missing data in 2021 and 2022, a decline to -41.30% in 2023, and a noticeable increase to 14.78% in 2024.
Overall, Maplebear Inc.'s profitability ratios have shown a mix of negative and positive trends, with significant fluctuations, indicating that the company's profitability has been volatile over the years. These ratios suggest that Maplebear Inc. may have encountered challenges in generating profits in the past but managed to improve its performance in recent years. Additional analysis and context would be needed to fully understand the factors driving these changes in profitability.