Instacart (Maplebear Inc.) CART NASDAQ

Instacart (Maplebear Inc.) (CART) generated $184M in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $12M, free cash flow was $172M.

Free cash flow margin was 17.3% of revenue. Cash conversion ratio was 2.27x, indicating earnings are backed by cash.

The company returned $1.11B in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (70/100, Pass) — $172M (17.3% margin) supports a durable competitive advantage
• INCOME (55/100) — Cash conversion ratio was 2.27x confirms earnings are backed by real cash flow

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