CMRC vs CART vs PAYD Stock Comparison

Commerce.com, Maplebear and Paid Prices as of Oct 26, 2026 Peers: Industry group
CMRC Commerce.com, Inc.
$3.53 +8.3% 1M -28.7% 1Y
Market cap
$283.00M
P/E
–
Revenue (TTM)
$346.90M
Div. yield
–
E-commerce Software Technology
1 win
CART Maplebear Inc.
$60.88 +41.0% 1M +55.5% 1Y
Market cap
$14.12B
P/E
29.4x
Revenue (TTM)
$3.99B
Div. yield
–
Digital Marketplaces Technology
7 wins
PAYD Paid Inc
$2.20 -8.7% 1M -26.7% 1Y
Market cap
$18.65M
P/E
147.0x
Revenue (TTM)
$22.10M
Div. yield
–
E-commerce Software Technology
1 win

Head to Head

9 decided of 12

Maplebear leads on 7 of the 12 questions below (Maplebear 7, Commerce.com 1, Paid 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMRCCARTPAYDLeader
Larger companyMarket capitalisation $283.00M $14.12B $18.65M CART
Cheaper on earningsLower P/E, profitable companies only -49.0x 29.4x 147.0x CART
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.4x 24.7x — CMRC
Faster revenue growthRevenue growth, trailing twelve months +2.8% +12.6% +12.6% CART
More profitableNet margin, trailing twelve months -1.7% 12.0% 0.6% CART
Better return on capitalReturn on invested capital 2.7% — — –
Less leveragedLower net debt / EBITDA -10.4x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months -28.7% +55.5% -26.7% CART
Better 5-year returnAnnualised price return, 5 years -40.2%/yr — -2.8%/yr PAYD
Less volatileAnnualised volatility, 1 year 77.6% 44.0% 58.4% CART
Higher overall scoreMean of the five percentile scores vs peers 53/100 68/100 44/100 CART

Percentile Scorecard

CMRCCARTPAYD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCMRCCARTPAYD
Valuation 69 #52 of 167 45 #92 of 167 40 #101 of 167
Growth 61 #61 of 153 48 #80 of 153 57 #66 of 153
Profitability 51 #76 of 153 90 #16 of 153 50 #77 of 153
Financial Health 68 #58 of 179 76 #44 of 179 43 #102 of 179
Shareholder Returns 17 #78 of 94 82 #18 of 94 29 #67 of 94
Overall 53 68 44
  • CMRC ranked among 185 companies in Internet Platforms
  • CART ranked among 185 companies in Internet Platforms
  • PAYD ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCMRCCARTPAYDSPY
1 month +8.3%+41.0%-8.7% -0.8%
3 months +24.3%+38.2%-10.6% +3.5%
6 months +20.1%+41.3%-6.0% +7.0%
Year to date -14.3%+35.3%-26.4% +12.2%
1 year -28.7%+55.5%-26.7% +13.0%
3 years -60.5%+144.4%+29.4% +86.3%
3 years, per year -26.6%+34.7%+9.0% +23.1%
5 years -92.3%—-13.0% +68.6%
5 years, per year -40.2%—-2.8% +11.0%

Risk

MeasureCMRCCARTPAYDSPY
Volatility, 1Y 77.6%44.0%58.4% 12.7%
Downside volatility, 1Y 83.9%43.3%120.1% 12.7%
Beta vs S&P 500, 1Y 1.090.450.04 1.00
Return / volatility, 1Y -0.371.26-0.46 1.02
Max drawdown, 5Y -96.7%-38.0%-59.4% -25.4%
From 52-week high -35.9%0.0%-33.3% -1.8%
52-week high $5.51$60.88$3.30 $779.14
52-week low $2.06$32.93$1.95 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCMRCCARTPAYD
P/E now vs peer median -50.5xmedian 17.5x 29.8xmedian 17.5x 147.0xmedian 17.5x
P/S now vs peer median 0.8xmedian 1.4x 3.6xmedian 1.4x 0.8xmedian 1.4x
EV/EBITDA now vs peer median 9.6xmedian 14.5x 19.0xmedian 14.5x 271.8xmedian 14.5x
P/FCF now vs peer median 15.0xmedian 12.1x 12.1xmedian 12.1x 66.0xmedian 12.1x
P/B now vs peer median 5.7xmedian 1.7x 6.1xmedian 1.7x 3.3xmedian 1.7x
PEG now vs peer median -0.80median 0.41 28.07median 0.41 -4.51median 0.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCMRCCARTPAYD
Revenue $346.90M $3.99B $22.10M
Gross profit $267.70M $2.90B $4.71M
Operating income $1.45M $588.00M -$229.23K
Net income -$5.78M $480.00M $128.94K
Free cash flow $19.55M $1.18B $282.66K
R&D $71.21M $706.00M –
EPS (diluted) $-0.07 $1.93 $0.02
Cash & equivalents $57.17M $757.00M $1.08M
Total debt $4.05M – –
Shares (diluted) 82.79M 248.94M 8.55M
Enterprise value -$311.59M $10.16B $14.36M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCMRCCARTPAYD
P/E -50.5x 29.8x 147.0x
P/FCF 15.0x 12.1x 66.0x
P/Operating cash flow 8.4x 11.5x 65.3x
P/S 0.8x 3.6x 0.8x
P/B 5.7x 6.1x 3.3x
P/Tangible book 6.8x 6.3x 4.8x
EV/EBITDA 9.6x 19.0x 271.8x
EV/EBIT 96.6x 22.7x -76.7x
EV/Revenue 0.4x 3.3x 0.8x
EV/FCF 7.2x 11.3x 62.2x
EV/Operating cash flow 4.0x 10.8x 61.5x
PEG (3Y EPS CAGR) -0.80 28.07 -4.51

Growth

14 metrics
MetricCMRCCARTPAYD
Revenue growth (1Y) 2.8% 12.6% 12.6%
Revenue CAGR (3Y) 5.9% 11.3% 10.5%
Gross profit growth (1Y) 1.6% 9.2% 13.0%
Gross profit CAGR (3Y) 6.8% 10.1% 8.7%
Operating income growth (1Y) 105.0% 11.6% 75.8%
Operating income CAGR (3Y) 26.3% 13.3% 24.3%
Net income growth (1Y) 68.1% -1.6% 115.1%
Net income CAGR (3Y) 61.9% -13.6% -31.1%
EPS growth (1Y) 69.1% 10.0% 114.7%
EPS CAGR (3Y) 63.2% 1.1% -32.6%
Operating cash flow growth (1Y) 9.7% 46.8% 140.0%
Operating cash flow CAGR (3Y) 37.3% – -14.2%
Free cash flow growth (1Y) -29.1% 51.0% 142.3%
Free cash flow CAGR (3Y) 32.2% – -14.5%

Profitability

14 metrics
MetricCMRCCARTPAYD
Gross margin 77.2% 72.6% 21.3%
EBITDA margin 4.2% 17.6% 0.3%
Operating margin 0.4% 14.7% -1.0%
Pretax margin -1.3% 15.7% -0.5%
Net margin -1.7% 12.0% 0.6%
FCF margin 5.6% 29.5% 1.3%
Operating cash flow margin 10.1% 30.9% 1.3%
Return on equity -11.8% 20.4% 2.3%
Return on assets -1.8% 13.6% 1.5%
Return on invested capital 2.7% – –
Return on capital employed 0.7% 22.7% -3.6%
Asset turnover 1.1x 1.1x 2.6x
Cash conversion (OCF / net income) -6.1x 2.6x 2.2x
Stock comp / revenue 5.5% 10.0% 2.2%

Financial Health

11 metrics
MetricCMRCCARTPAYD
Debt / assets 1.2% – –
Debt / equity 0.1x – –
Net debt / EBITDA -10.4x – –
Debt / FCF 0.2x – –
Liabilities / assets 84.1% 33.8% 32.5%
Equity / assets 15.9% 66.2% 67.5%
Interest coverage 0.1x – –
Current ratio 2.0x 2.3x 0.9x
Quick ratio 2.0x 2.0x 0.7x
Cash ratio 1.4x 0.9x 0.5x
Altman Z-score -0.59 7.28 -4.92

Shareholder Returns

7 metrics
MetricCMRCCARTPAYD
Dividend yield – – –
Net buyback yield -0.4% 13.1% 0.0%
Shareholder yield -0.4% 13.1% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCMRCCARTPAYD
Forward P/E 10.4xFY2026 24.7xFY2026 –
EPS, next fiscal year $0.34FY2026 $2.46FY2026 –
EPS growth, next FY +30.8%FY2026 +53.7%FY2026 –
EPS growth, the year after +76.5% +14.2% –
Revenue, next fiscal year $356.73MFY2026 $4.00BFY2026 –
Revenue growth, next FY +4.2%FY2026 +7.1%FY2026 –
Revenue growth, the year after -11.3% +25.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMRCCARTPAYD
Held by institutions 74.0% 82.5% –
Institutions holding 154 499 –
Change in shares held, QoQ +3.3% +3.5% –
Institutions buying 88 246 –
Institutions selling 40 178 –
Buyers to sellers 2.20 1.38 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CMRCCARTPAYD
CMRC 1.00 0.19 0.13
CART 0.19 1.00 -0.04
PAYD 0.13 -0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CMRC, CART and PAYD?

Maplebear (CART) is the largest by market capitalisation: Commerce.com (CMRC) $283.00M, Maplebear (CART) $14.12B, Paid (PAYD) $18.65M.

Which stock is cheaper, CMRC, CART and PAYD?

Maplebear (CART) trades on the lowest price-to-earnings ratio (Commerce.com (CMRC) -49.0x, Maplebear (CART) 29.4x, Paid (PAYD) 147.0x). On next year's consensus earnings, Commerce.com (CMRC) is cheapest (Commerce.com (CMRC) 10.4x, Maplebear (CART) 24.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Maplebear (CART) grew revenue fastest over the trailing twelve months: Commerce.com (CMRC) +2.8%, Maplebear (CART) +12.6%, Paid (PAYD) +12.6%.

Which company is more profitable?

Maplebear (CART) has the highest net margin (Commerce.com (CMRC) -1.7%, Maplebear (CART) 12.0%, Paid (PAYD) 0.6%).

Which stock has performed better?

Over the past year Maplebear (CART) returned the most: Commerce.com (CMRC) -28.7%, Maplebear (CART) +55.5%, Paid (PAYD) -26.7%. Over five years, Paid (PAYD) compounded fastest (Commerce.com (CMRC) -40.2%/yr, Paid (PAYD) -2.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Maplebear (CART) has been the steadiest (Commerce.com (CMRC) 77.6%, Maplebear (CART) 44.0%, Paid (PAYD) 58.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CMRC, CART and PAYD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Maplebear (CART) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.