Maplebear Inc. (CART)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 552,000 | -2,061,000 | 71,000 | -72,000 | -70,000 |
| Revenue | US$ in thousands | 3,378,000 | 3,042,000 | 2,551,000 | 1,834,000 | 1,477,000 |
| Pretax margin | 16.34% | -67.75% | 2.78% | -3.93% | -4.74% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $552,000K ÷ $3,378,000K
= 16.34%
Maplebear Inc.'s pretax margin has displayed fluctuations over the years, as indicated by the data. In December 31, 2020, the company's pretax margin was -4.74%, highlighting that the company experienced a negative profitability before taxes. However, Maplebear Inc. managed to improve this metric in the subsequent years, with -3.93% in December 31, 2021 and a significant increase to 2.78% in December 31, 2022, reflecting a positive trend in the company's profitability.
In December 31, 2023, the pretax margin drastically deteriorated to -67.75%, indicating a major decline in the company's profitability performance. Despite this setback, Maplebear Inc. was able to rebound strongly in the following year, with a pretax margin of 16.34% as of December 31, 2024, showcasing a remarkable recovery.
Overall, Maplebear Inc.'s pretax margin has been volatile, with periods of negative performance interspersed with notable improvements. It is essential for the company to continue monitoring and managing its profitability effectively to ensure long-term financial resilience and sustainability.
Peer comparison
Dec 31, 2024