Financial Analysis: Maplebear (NASDAQ:CART) and Corpay (NYSE:CPAY)

Maplebear (NASDAQ:CART) and Corpay (NYSE:CPAY) are both business services companies, but which is the better business? We will compare the two companies based on the strength of their profitability, institutional ownership, valuation, risk, analyst recommendations, earnings and dividends.

Earnings and Valuation

This table compares Maplebear and Corpay’s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Maplebear	$3.04 billion	2.90	-$1.62 billion	N/A	N/A
Corpay	$3.76 billion	5.11	$981.89 million	$13.44	20.33

Corpay has higher revenue and earnings than Maplebear.

Profitability

This table compares Maplebear and Corpay’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Maplebear	N/A	N/A	N/A
Corpay	26.29%	36.97%	7.72%

Analyst Recommendations

This is a breakdown of recent recommendations for Maplebear and Corpay, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Maplebear	0	9	14	0	2.61
Corpay	1	2	7	0	2.60

Maplebear presently has a consensus target price of $41.25, suggesting a potential upside of 23.76%. Corpay has a consensus target price of $335.20, suggesting a potential upside of 22.65%. Given Maplebear’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Maplebear is more favorable than Corpay.

Insider & Institutional Ownership

63.1% of Maplebear shares are held by institutional investors. Comparatively, 98.8% of Corpay shares are held by institutional investors. 36.0% of Maplebear shares are held by company insiders. Comparatively, 6.1% of Corpay shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Summary

Corpay beats Maplebear on 7 of the 11 factors compared between the two stocks.

About Maplebear

Maplebear Inc., doing business as Instacart, provides online grocery shopping services to households in North America. It sells and delivers grocery products. The company offers its services through a mobile application and website. It also provides software-as-a-service solutions to retailers. The company was incorporated in 2012 and is based in San Francisco, California.

About Corpay

Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.