Maplebear Inc. (CART)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	489,000	-2,142,000	62,000	-86,000	-75,000
Revenue	US$ in thousands	3,378,000	3,042,000	2,551,000	1,834,000	1,477,000
Operating profit margin		14.48%	-70.41%	2.43%	-4.69%	-5.08%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $489,000K ÷ $3,378,000K
= 14.48%

Maplebear Inc.'s operating profit margin has shown fluctuations over the years as per the provided data.

In December 2020 and December 2021, the company reported negative operating profit margins of -5.08% and -4.69% respectively, indicating that the company's operating expenses exceeded its operating income during those periods.

By December 2022, there was a significant improvement in the operating profit margin, reaching 2.43%, suggesting that the company was able to control its operating expenses better and generate a higher profit from its operations.

However, in December 2023, Maplebear Inc. experienced a significant decline in its operating profit margin, plummeting to -70.41%. This sharp decrease could be attributed to a substantial increase in operating expenses relative to operating income, posing a challenge to the company's profitability.

The following year, December 2024, the company managed to reverse the trend by achieving an impressive operating profit margin of 14.48%. This could indicate that Maplebear Inc. implemented effective cost-cutting measures or increased revenue generation strategies leading to a more profitable operation.

In conclusion, Maplebear Inc.'s operating profit margin has shown variability over the years, facing challenges in some periods but demonstrating the ability to improve profitability in others. Continued monitoring and management of operating expenses will be crucial for the company to sustain and enhance its profitability in the future.