Maplebear Inc. (CART) intrinsic value & 10-year financials
Maplebear Inc. (CART) has a Graham intrinsic value of $53.15 per share. At $49.83 on Oct 17, 2026, the stock trades 6% below that value. Over the last 6 fiscal years revenue grew 19.5% a year to $3.7B, with an average return on invested capital of -619.8%.
- Graham intrinsic value
- $53.15
- Share price (Oct 17, 2026)
- $49.83
- Price vs Graham value
- 6% below
- Market cap
- $13.9B
- Revenue (FY2025)
- $3.7B
- Revenue growth (6-yr CAGR)
- 19.5%
- ROIC (10-yr avg)
- -619.8%
- Free cash flow (FY2025)
- $910.0M
CART 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.7B | $447.0M | $1.60 | $910.0M | 13.3% | 21.4% |
| FY2024 | $3.4B | $457.0M | $1.58 | $623.0M | 14.5% | 23.3% |
| FY2023 | $3.0B | -$1.6B | -$12.43 | $532.0M | -70.4% | -3150.9% |
| FY2022 | $2.6B | $428.0M | $0.96 | $253.0M | 2.4% | -4.0% |
| FY2021 | $1.8B | -$73.0M | -$1.12 | -$217.0M | -4.7% | 11.1% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Maplebear Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Maplebear Inc. has historically struggled to out-earn its cost of capital, averaging just 2.3% ROIC.
Maplebear Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Maplebear Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $53.15 per share.