Maplebear Inc. (CART)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,542,000 | 2,278,000 | 1,831,000 | 1,226,000 | 879,000 |
| Revenue | US$ in thousands | 3,378,000 | 3,042,000 | 2,551,000 | 1,834,000 | 1,477,000 |
| Gross profit margin | 75.25% | 74.88% | 71.78% | 66.85% | 59.51% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,542,000K ÷ $3,378,000K
= 75.25%
The gross profit margin of Maplebear Inc. has shown a consistent upward trend over the past five years. It increased from 59.51% as of December 31, 2020, to 75.25% as of December 31, 2024. This indicates that the company has been able to effectively control its cost of goods sold relative to its revenue, resulting in higher profitability per dollar of sales.
The steady improvement in the gross profit margin reflects Maplebear Inc.'s ability to manage production costs, negotiate favorable terms with suppliers, or adjust pricing strategies to improve overall profitability. A higher gross profit margin is generally seen as a positive indicator of a company's operational efficiency and competitive positioning within its industry.
Maplebear Inc.'s gross profit margin has consistently outperformed its previous levels, suggesting effective cost management and pricing strategies have been implemented. This trend bodes well for the company's financial health and potential for sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2024