Instacart (Maplebear Inc.)

CARTNASDAQConsumer Cyclical● Active

$41.26

$-0.22(-0.53%)

Market Cap$9.7B

P/E Ratio—

52W High$53.5

52W Low$32.73

Avg Volume4.1M

Open$41.48

Beta0.88

Free Cash Flow Financials Revenue

Instacart (Maplebear Inc.) (CART) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CART · free cash flow · updated Jun 8, 2026

Core FCF metrics

CART · FCF · TTM · margin & CAGR

Free cash flow was $911.0M for FY2025 (fiscal year ending 2025-12-31), up 46.2% year-over-year The FCF margin was 24.4%.

FY2025 Free Cash Flow$911.0M▲ +46.2% YoY

Trailing 12M (TTM)$883.0Mtrailing 4 quarters sum

FCF Margin24.4%$911.0M ÷ revenue

3-Year CAGR+53.7%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CART · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$972.0M(61M)$911.0M▲ +46.2%24.4%

FY2024$687.0M(64M)$623.0M▲ +17.5%18.4%

FY2023$586.0M(56M)$530.0M▲ +111.2%17.4%

FY2022$277.0M(26M)$251.0M▲ +211.1%9.8%

FY2021−$204.0M(22M)−$226.0M▼ 130.6%-12.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CART · P/FCF · FCF yield · FCF per share

Instacart (Maplebear Inc.) (CART) trades at a FCF yield of 9.11% and a price-to-free-cash-flow ratio of 12.2x. FCF per share stands at $3.38, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.11%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.38

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CART · cash flow statement · operating / investing / financing

For FY2025, Instacart (Maplebear Inc.) generated $972.0M in operating cash flow and spent 61M in capital expenditures, yielding $911.0M in free cash flow.

Operating Activities

+$972.0M

Cash from core business operations

2025-12-31

Investing Activities

−$208.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.39B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($972.0M) − |CapEx| (61M) = FCF ($911.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

CART vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Instacart (Maplebear Inc.)YOU

CART

$911.0M+46.2%24.3%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Instacart (Maplebear Inc.) (CART) reported free cash flow of $911.0M for FY2025 (fiscal year ending 2025-12-31), up 46.2% year-over-year. The FCF margin was 24.4%.

Based on available data, Instacart (Maplebear Inc.) has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $911.0M in FY2025.

Instacart (Maplebear Inc.)'s FCF yield is 9.11% and price-to-FCF ratio is 12.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CART free cash flow · 8 questions

Instacart (Maplebear Inc.) free cash flow was $911.0M for FY2025, up 46.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $883.0M.

CART free cash flowCART FCFCART FCF 2025CART free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Instacart (Maplebear Inc.) · Instacart (Maplebear Inc.) SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026