Maplebear
CART · Food Retail
$56.44
9.2%United Natural Foods
UNFI · Food Retail
$46.88
0.8%The short version
- United Natural Foods is the larger business, with $31.2B of revenue in fiscal 2026 against $3.7B for Maplebear, about 8.3 times as much.
- Maplebear grew revenue faster (10.8%, against −2.0%).
- Maplebear kept more of each dollar of sales as operating profit (13.3% operating margin, against 0.7% operating margin).
- Maplebear turned more of its sales into free cash flow (24.3% FCF margin, against 1.0% FCF margin).
- Maplebear earned a higher return on the capital invested in it (22.5%, against 5.3%).
- Investors pay more for each dollar of United Natural Foods’s earnings: a P/E of 35.0x against 30.8x for Maplebear.
| Latest fiscal year | CART · FY25 | UNFI · FY26 |
|---|---|---|
| Size | ||
| Market cap | $14.0B | $2.9B |
| Revenue | $3.7B | $31.2B |
| Free cash flow | $910M | $323M |
| Net income | $447M | $84.0M |
| Growth | ||
| Revenue growth | 10.8% | −2.0% |
| 5-year growth | — | 2.9% |
| Share count change | −3.3% | 4.3% |
| Profitability | ||
| Gross margin | 73.7% | 13.5% |
| Operating margin | 13.3% | 0.7% |
| Net margin | 12.0% | 0.3% |
| FCF margin | 24.3% | 1.0% |
| Return on capital | 22.5% | 5.3% |
| Return on equity | 15.9% | 5.3% |
| Balance sheet | ||
| Net debt | −$687M | $1.5B |
| Net debt / EBITDA | −1.2x | 3.0x |
| Dividends and buybacks | $1.4B | $50.0M |
| Valuation & quality | ||
| P/E | 30.8x | 35.0x |
| Piotroski F-score | 6 | 6 |
FY17
CART —
UNFI $9.3B
FY18
CART —
UNFI $10.2B
FY19
CART —
UNFI $22.3B
FY20
CART —
UNFI $26.6B
FY21
CART $1.8B
UNFI $27.0B
FY22
CART $2.6B
UNFI $28.9B
FY23
CART $3.0B
UNFI $30.3B
FY24
CART $3.4B
UNFI $31.0B
FY25
CART $3.7B
UNFI $31.8B
FY26
CART —
UNFI $31.2B
CART
UNFI
FY17
CART —
UNFI 2.4%
FY18
CART —
UNFI 2.2%
FY19
CART —
UNFI −0.9%
FY20
CART —
UNFI −0.7%
FY21
CART −4.7%
UNFI 1.1%
FY22
CART 2.4%
UNFI 1.5%
FY23
CART −70.4%
UNFI 0.4%
FY24
CART 14.5%
UNFI 0.0%
FY25
CART 13.3%
UNFI −0.1%
FY26
CART —
UNFI 0.7%
CART
UNFI
FY17
CART —
UNFI $217M
FY18
CART —
UNFI $64.4M
FY19
CART —
UNFI $57.0M
FY20
CART —
UNFI $284M
FY21
CART −$217M
UNFI $304M
FY22
CART $253M
UNFI $80.0M
FY23
CART $532M
UNFI $301M
FY24
CART $623M
UNFI −$92.0M
FY25
CART $910M
UNFI $239M
FY26
CART —
UNFI $323M
CART
UNFI
FY17
CART —
UNFI 7.8%
FY18
CART —
UNFI 8.8%
FY19
CART —
UNFI −4.7%
FY20
CART —
UNFI −3.8%
FY21
CART —
UNFI 6.4%
FY22
CART —
UNFI 9.0%
FY23
CART —
UNFI 3.2%
FY24
CART 24.6%
UNFI 0.2%
FY25
CART 22.5%
UNFI −0.7%
FY26
CART —
UNFI 5.3%
CART
UNFI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.