MaplebearCART +0.75%63 Gross Margin % is 72.42% as of Mar. 2026, which is 0% below its 10-year median of 72.74. GuruFocus rates CART with a GF Score™ of 63/100 and a GF Value™ of $43.43 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,117 Retail - Cyclical companies, Maplebear ranks better than 95.08% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Maplebear's Gross Profit for the
three
months ended in Mar. 2026 was $738 Mil. Maplebear's Revenue for the
three
months ended in Mar. 2026 was $1,019 Mil. Therefore, Maplebear's Gross Margin % for the quarter that ended in Mar. 2026 was 72.42%.
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: 72.74 Max: 75.25
Current: 73.11
During the past 6 years, the highestGross Margin % of Maplebear was 75.25%. The lowest was 59.51%. And the median was 72.74%.
CART's Gross Margin % is ranked better than 95.08% of 1117
companies
in the Retail - Cyclical industry
Industry Median: 36.23
vs CART: 73.11
Maplebear had a gross margin of 72.42% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Maplebear was 4.30% per year.
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 72.42% for the quarter that ended in Mar. 2026 => 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
Maplebear Gross Margin % Historical Data
* Premium members only.
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.
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 Gross Margin % vs 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 (CART) has a Gross Margin % of 72.42% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Maplebear and its competitors. This is near median its historical median of 72.74. Over the past decade, Maplebear's Gross Margin % has ranged from 59.51 to 75.25. According to the industry distribution chart, Maplebear ranks #55 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 4.9%.
Is Maplebear's Gross Margin % too high?
Maplebear's current Gross Margin % of 72.42% is near median its 10-year median of 72.74. Over the past 10 years, this metric has ranged from a low of 59.51 to a high of 75.25. The Retail - Cyclical industry median Gross Margin % is 36.23. Maplebear's value of 72.42% is 99.9% above this industry median. Based on the distribution chart, Maplebear ranks #55 out of 1117 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Maplebear has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maplebear's Gross Margin % compare to CHWY and W?
According to the Retail - Cyclical industry distribution chart, Maplebear ranks #55 out of 1117 companies for Gross Margin %. This places Maplebear in the top 5% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 36.23. Maplebear's value of 72.42% is 99.9% above this benchmark. Historically, Maplebear's own Gross Margin % has ranged from 59.51 to 75.25 over the past decade. While the company's 10-year median is 72.74 vs. the industry median of 36.23, Maplebear has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.23, based on 1,117 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maplebear's current Gross Margin % of 72.42% is 99.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Maplebear and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maplebear's current Gross Margin % is 72.42%, which is near median its own 10-year median of 72.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maplebear stock overvalued right now?
Based on GuruFocus' analysis, Maplebear (CART) is currently considered Fairly Valued. The stock's GF Value™ is $43.43, compared to a current price of $46.95 — trading 8.1% above its estimated fair value. The current Gross Margin % is 72.42%, which is near median its 10-year median of 72.74 and 99.9% above the Retail - Cyclical industry median of 36.23. Maplebear's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Maplebear (CART), the current Gross Margin % is 72.42% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maplebear (CART) Overvalued in 2026?
Based on GuruFocus' analysis, Maplebear stock appears to be overvalued.
The current stock price of $46.95 is trading 8.1% above its estimated GF Value™ of $43.43.
GuruFocus considers Maplebear to be Fairly Valued.
Key valuation signals for CART:
Gross Margin %: 72.42% (near median its 10-year median of 72.74)
GF Value™: $43.43 vs. price of $46.95 (8.1% above fair value)
Industry Position: 99.9% above the Retail - Cyclical median (#55 of 1117)
No single metric tells the full story. See the CART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.
63GF Score
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