Maplebear Inc. (CART)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 508,000 | 401,000 | -2,194,000 | -2,139,000 | -2,150,000 | -2,096,000 | 394,000 | 302,000 | 69,000 | -76,000 | -152,000 | -138,000 | -52,000 | -7,077 | 38,258 | 9,668 | 5,918 |
| Revenue (ttm) | US$ in thousands | 3,378,000 | 3,298,000 | 3,210,000 | 3,103,000 | 3,042,000 | 2,996,000 | 2,900,000 | 2,805,000 | 2,551,000 | 2,269,000 | 2,076,000 | 1,899,000 | 1,836,000 | 1,366,758 | 897,613 | 459,271 | 21,683 |
| Operating profit margin | 15.04% | 12.16% | -68.35% | -68.93% | -70.68% | -69.96% | 13.59% | 10.77% | 2.70% | -3.35% | -7.32% | -7.27% | -2.83% | -0.52% | 4.26% | 2.11% | 27.29% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $508,000K ÷ $3,378,000K
= 15.04%
The operating profit margin of Maplebear Inc. has exhibited fluctuating trends over the past few years.
In the early period, from September 2019 to March 2021, the operating profit margin saw a significant decline from 27.29% to 2.11%, indicating a decrease in the company's ability to generate profit from its core operations.
Subsequently, there was a slight recovery as the margin increased to 4.26% in June 2021. However, the trend reversed in the following quarters, with the operating profit margin turning negative from September 2021 to December 2022, reaching a low of -7.32% in June 2022.
The company's performance improved in the first half of 2023, reflected in the positive operating profit margins of 10.77% in March 2023 and 13.59% in June 2023. However, the margin dropped significantly to -69.96% by September 2023, indicating a sharp decline in profitability levels.
The negative trend continued through the end of 2024, with operating profit margins hovering around -68% before a notable resurgence in the last quarter to reach 15.04%.
Overall, the analysis reveals a roller-coaster journey for Maplebear Inc.'s operating profit margin, characterized by fluctuations and periods of both growth and decline in profitability.
Peer comparison
Dec 31, 2024