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Maplebear (Instacart) operates a leading grocery delivery platform in the United States and Canada. The company partners with various regional and national grocers, which offer their selection of food and other goods to customers through Instacart’s ubiquitous platform. Once an item is ordered through Instacart’s site, the item is picked and delivered to the customer’s home by one of the platform’s 600,000 shoppers, who are classified as independent contractors. Instacart earns fees based on average order value and leverages its platform’s high usage to sell advertising, mainly to consumer-packaged goods companies. Instacart currently has about 8 million monthly active users (or orderers) on its platform.
2012
3.3K+
LTM Revenue $3.5B
LTM EBITDA $945M
$10.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Instacart has a last 12-month revenue (LTM) of $3.5B and a last 12-month EBITDA of $945M.
In the most recent fiscal year, Instacart achieved revenue of $3.4B and an EBITDA of $556M.
Instacart expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Instacart valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | XXX | $3.4B | XXX | XXX | XXX |
| Gross Profit | $2.7B | XXX | $2.5B | XXX | XXX | XXX |
| Gross Margin | 76% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $945M | XXX | $556M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 16% | XXX | XXX | XXX |
| EBIT | $508M | XXX | $489M | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $466M | XXX | $457M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Instacart's stock price is $46.
Instacart has current market cap of $11.9B, and EV of $10.3B.
See Instacart trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.3B | $11.9B | XXX | XXX | XXX | XXX | $1.64 |
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Start Free TrialAs of May 30, 2025, Instacart has market cap of $11.9B and EV of $10.3B.
Instacart's trades at 3.0x EV/Revenue multiple, and 18.5x EV/EBITDA.
Equity research analysts estimate Instacart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Instacart has a P/E ratio of 25.6x.
See valuation multiples for Instacart and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11.9B | XXX | $11.9B | XXX | XXX | XXX |
| EV (current) | $10.3B | XXX | $10.3B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 10.9x | XXX | 18.5x | XXX | XXX | XXX |
| EV/EBIT | 20.3x | XXX | 21.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 25.6x | XXX | 26.1x | XXX | XXX | XXX |
| EV/FCF | 13.8x | XXX | 16.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialInstacart's last 12 month revenue growth is 9%
Instacart's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.6M for the same period.
Instacart's rule of 40 is -60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Instacart's rule of X is 50% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Instacart and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -60% | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 50% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 24% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 61% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Eternal | XXX | XXX | XXX | XXX | XXX | XXX |
| VL E-Governance | XXX | XXX | XXX | XXX | XXX | XXX |
| Talabat | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Instacart acquired XXX companies to date.
Last acquisition by Instacart was XXXXXXXX, XXXXX XXXXX XXXXXX . Instacart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Instacart founded? | Instacart was founded in 2012. |
| Where is Instacart headquartered? | Instacart is headquartered in United States of America. |
| How many employees does Instacart have? | As of today, Instacart has 3.3K+ employees. |
| Is Instacart publicy listed? | Yes, Instacart is a public company listed on NAS. |
| What is the stock symbol of Instacart? | Instacart trades under CART ticker. |
| When did Instacart go public? | Instacart went public in 2023. |
| Who are competitors of Instacart? | Similar companies to Instacart include e.g. Prosus, Just Eat Takeaway.com, Eternal, VL E-Governance. |
| What is the current market cap of Instacart? | Instacart's current market cap is $11.9B |
| What is the current revenue of Instacart? | Instacart's last 12 months revenue is $3.5B. |
| What is the current revenue growth of Instacart? | Instacart revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Instacart? | Current revenue multiple of Instacart is 2.9x. |
| Is Instacart profitable? | Yes, Instacart is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Instacart? | Instacart's last 12 months EBITDA is $945M. |
| What is Instacart's EBITDA margin? | Instacart's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of Instacart? | Current EBITDA multiple of Instacart is 10.9x. |
| What is the current FCF of Instacart? | Instacart's last 12 months FCF is $749M. |
| What is Instacart's FCF margin? | Instacart's last 12 months FCF margin is 21%. |
| What is the current EV/FCF multiple of Instacart? | Current FCF multiple of Instacart is 13.8x. |
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