Instacart (Maplebear Inc.) CART NASDAQ

Instacart (Maplebear Inc.) (CART) generated $972M in operating cash flow for fiscal year 2025. After capital expenditures of $61M, free cash flow was $911M.

Free cash flow margin was 24.3% of revenue. Cash conversion ratio was 2.17x, indicating earnings are backed by cash.

The company returned $1.39B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (70/100, Pass) — $911M (24.3% FCF margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.17x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 72/100 with 4/7 criteria passed.