Financials Instacart (Maplebear)

Equities

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-17 pm EST			5-day change	1st Jan Change
46.32 ^USD	-0.56%		+4.73%	+11.83%

Jan. 14	Maplebear Shares Rise After BTIG Upgrade, New Coverage by Mizuho	MT
Jan. 14	Mizuho Initiates Instacart at Outperform With $55 Price Target	MT

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	3,042	3,385	3,694	4,027
Change	-	-	11.27%	9.12%	9.02%
EBITDA ¹	-	641	871.4	1,003	1,157
Change	-	-	35.94%	15.08%	15.42%
EBIT ¹	-	-2,142	461	497	604.6
Change	-	-	-	7.83%	21.64%
Interest Paid	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-2,061	522.8	569.7	682.2
Change	-	-	-	8.97%	19.75%
Net income ¹	428	-1,622	417.3	463.6	551.2
Change	-	-	-	11.09%	18.89%
Announcement Date	8/25/23	2/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	764	803	820	823	852	889.5	894.8	900.1	930.3	973.1	979.4	971.7	1,015
Change	-	5.1%	2.12%	0.37%	3.52%	4.4%	0.59%	0.6%	3.35%	4.6%	0.65%	-0.79%	4.46%
EBITDA ¹	163	199	198	208	227	238.6	237.6	233.6	256	275.2	286.8	258.8	292.3
Change	-	22.09%	-0.5%	5.05%	9.13%	5.13%	-0.46%	-1.67%	9.61%	7.49%	4.22%	-9.79%	12.96%
EBIT ¹	-2,457	46	144	52	138	121.5	124.7	102.8	133.8	146	160.7	98.92	160.6
Change	-	-	213.04%	-63.89%	165.38%	-11.93%	2.64%	-17.57%	30.16%	9.11%	10.04%	-38.45%	62.33%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-2,439	72	165	68	153	135.2	134.9	110.8	145.5	157.1	168	120.9	174
Change	-	-	129.17%	-58.79%	125%	-11.65%	-0.18%	-17.84%	31.28%	7.94%	6.93%	-28.04%	43.94%
Net income ¹	-1,999	135	130	58	118	109.5	111.9	94.74	121.3	132.6	139.9	101	144.5
Change	-	-	-3.7%	-55.38%	103.45%	-7.16%	2.15%	-15.34%	28.06%	9.31%	5.47%	-27.8%	43.06%
Announcement Date	11/8/23	2/13/24	5/8/24	8/6/24	11/12/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	-2,186	-1,409	-2,070	-2,935
Change	-	-	-164.46%	-246.91%	-241.79%
Announcement Date	8/25/23	2/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2023	2024	2025	2026
CAPEX ¹	54	65.95	70.64	75.37
Change	-	22.13%	7.11%	6.69%
Free Cash Flow (FCF) ¹	532	677.1	819.8	934.1
Change	-	27.28%	21.07%	13.95%
Announcement Date	2/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	21.07%	25.74%	27.15%	28.75%
EBIT Margin (%)	-	-70.41%	13.62%	13.46%	15.01%
EBT Margin (%)	-	-67.75%	15.44%	15.42%	16.94%
Net margin (%)	-	-53.32%	12.33%	12.55%	13.69%
FCF margin (%)	-	17.49%	20%	22.19%	23.2%
FCF / Net Income (%)	-	-32.8%	162.26%	176.83%	169.48%
Profitability
ROA	-	26.89%	11.73%	14.86%	14.71%
ROE	-	-88.01%	12.21%	14.52%	14.58%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	1.78%	1.95%	1.91%	1.87%
CAPEX / EBITDA (%)	-	8.42%	7.57%	7.04%	6.51%
CAPEX / FCF (%)	-	10.15%	9.74%	8.62%	8.07%
Items per share
Cash flow per share ¹	-	4.486	2.405	2.852	2.818
Change	-	-	-46.39%	18.56%	-1.17%
Dividend per Share ¹	-	-	-	-	-
Change	-	-	-	-	-
Book Value Per Share ¹	-	13.44	11.5	13.86	17.01
Change	-	-	-14.4%	20.47%	22.72%
EPS ¹	0.96	-12.43	1.434	1.644	2.004
Change	-	-1,394.79%	-111.54%	14.68%	21.89%
Nbr of stocks (in thousands)	-	280,216	256,895	256,895	256,895
Announcement Date	8/25/23	2/13/24	-	-	-