Gross Margin % is calculated as gross profit divided by its revenue. Maplebear's Gross Profit for the
three
months ended in Mar. 2024 was $614 Mil. Maplebear's Revenue for the
three
months ended in Mar. 2024 was $820 Mil. Therefore, Maplebear's Gross Margin % for the quarter that ended in Mar. 2024 was 74.88%.
The historical rank and industry rank for Maplebear's Gross Margin % or its related term are showing as below:
CART'
s Gross Margin % Range Over the Past 10 Years
Min: 59.51 Med: 69.32 Max: 74.88
Current: 74.44
During the past 4 years, the highestGross Margin % of Maplebear was 74.88%. The lowest was 59.51%. And the median was 69.32%.
CART's Gross Margin % is ranked better than 96.07% of 1095
companies
in the Retail - Cyclical industry
Industry Median: 36.51
vs CART: 74.44
Maplebear had a gross margin of 74.88% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Maplebear was 0.00% per year.
Maplebear Gross Margin % Historical Data
The historical data trend for Maplebear's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Maplebear's Gross Margin %
For the Internet Retail subindustry, Maplebear's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maplebear's Gross Margin % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Maplebear's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Maplebear's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Maplebear (NAS:CART) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Maplebear had a gross margin of 74.88% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Maplebear Gross Margin % Related Terms
Thank you for viewing the detailed overview of Maplebear's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Maplebear, which does business as Instacart, is an online grocery pickup and delivery service provider currently in the United States and Canada. Instacart partners with local and national grocers who provide their selection of food and other goods to customers through Instacart's mobile app or website. After a customer places an order, an independent personal shopper employed by Instacart will pick the order and either prepare it for pickup or deliver it to the customer's chosen location. Instacart's revenue model consists of transaction revenue in the form of retailer and customer fees, as well as advertising revenue from brand advertising on Instacart platforms.
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