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Trinet Group vs Maplebear: TNET and CART compared
Trinet Group is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Maplebear (Q3 2026). Maplebear is growing faster (+17% against -5% a year earlier). Maplebear is more profitable, with an operating margin of 15.9% against 3.3%.
Where the money goes: TNET and CART
Trinet Group (TNET) · Q3 2026
Trinet Group, Q3 2026: revenue $1.2B (-5% year over year), operating margin 3.3%, net earnings $31.0M, operating cash flow $80.0M. The chart follows the revenue to costs, profit and cash.
Maplebear (CART) · Q3 2026
Maplebear, Q3 2026: revenue $1.1B (+17% year over year), operating margin 15.9%, net earnings $147M, operating cash flow $323M. The chart follows the revenue to costs, profit and cash.
| Trinet Group (TNET) | Maplebear (CART) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.2B | $1.1B |
| Revenue growth, Y/Y | -5% | +17% |
| Gross margin | — | 71.8% |
| Operating margin | 3.3% | 15.9% |
| Net earnings | $31.0M | $147M |
| Net margin | 2.6% | 13.4% |
| Operating cash flow | $80.0M | $323M |
| Free cash flow | $53.0M | $306M |
| Market value | $3.1B | $14.4B |
| P/E | 17.9× | 29.9× |
| Analysts’ mean target | $66.20 | $61.59 |
Where the revenue comes from
Maplebear
- Transaction: $764M (70%)
- Advertising and other: $331M (30%)
Questions
Which is bigger, Trinet Group or Maplebear?
Trinet Group is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.1B for Maplebear (Q3 2026).
Is Trinet Group or Maplebear growing faster?
Maplebear is growing faster (+17% against -5% a year earlier).
Which is more profitable, Trinet Group or Maplebear?
Maplebear is more profitable, with an operating margin of 15.9% against 3.3%.
More: Trinet Group earnings · how Trinet Group makes money · Maplebear earnings · how Maplebear makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.