Verdict: Side-by-side breakdown using the Bull Rankings model. SE scored 77.9, CART scored 73.5 — SE leads.
Compare another set
Different reporting periods. CART's fundamentals are as of June 2026, but SE's are as of December 2025 — a 6-month gap. Growth, margin and valuation figures below therefore describe different windows and aren't strictly like-for-like.
SE
Sea Limited
Internet Retail · Quality-Growth
77.9
$95.25 · $58.3B
fundamentals as of
Score gap
4.4
SE leads
CART
Maplebear Inc.
Internet Retail · Quality-Growth
73.5
$47.76 · $11.3B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
CheapestCART26.1x
Fastest growthSE+36.4%
Strongest balance sheetCART0.01
Highest qualityCART94 / 100
Largest discount to fair valueCART-57%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
SE
stronger →← stronger
CART
65
Qualityreturns · margins · balance sheet
94
97
Growthrevenue & earnings expansion
82
74
Valuevaluation vs sector peers
51
SE is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
SE
CART
$4.5bB
FCF
$1.2bC+
+36.4%A
Rev
+10.8%B
0.32A-
D/E
0.01A
36.8xC
P/E
26.1xC+
0.89B+
PEG
1.87C+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
SE
CART
20% below
Price vs fair valuelower is cheaper
57% below
~10%/yr
Growth the price impliesyr-1 FCF growth, fading to 4% · lower = less priced in
~-9%/yr
-3%
1-yr DCF upside
+95%
+24%
5-yr DCF upside
+133%
+77%
10-yr DCF upside
+204%
These two disagree on this pair: the Value pillar ranks cheapness against sector peers, while price-vs-fair-value is an absolute read. A name can be the better value in its sector and still the dearer one on cash flows.
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
SE
Why this score
Diluting shareholders
CART
Why this score
Buying back stock
Durable high returns
The companies
SESea Limited
Internet Retail · $95.25 · beta 1.55
Why now
Internet Retail · market cap $58.3b. Down 50% from 52-week high of $189.78 — deep drawdown territory. Revenue growing +36% — in hypergrowth territory. PEG 0.89 — paying under fair value for the growth rate. 28 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $154.93 (implying +63% upside).
Moat
ROE 13% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere. Free cash flow runs well ahead of reported net income. $58.3b market cap gives the company enough scale to absorb fixed costs that subscale competitors can't, without yet being so large that growth has to come from acquisition.
Risk
Down 50% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.55 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return. Trailing P/E 37x sits well above the S&P median (~20x) — multiple compression is a real risk if revenue growth decelerates.
CARTMaplebear Inc.
Internet Retail · $47.76 · beta 0.87
Why now
Internet Retail · market cap $11.3b. 9% off the 52-week high of $52.68. Revenue growing +11%, comfortably above the S&P median. 28 sell-side analysts rate this a Buy with a mean 1-yr target of $58.21 (implying +22% upside).
Moat
Net margin 12% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 16% is above 15% — the equity base is compounding at a rate the market struggles to discount accurately. Free cash flow runs well ahead of reported net income, mostly because of stock-based pay ($401m) — a real cost to shareholders, paid in shares rather than cash.
Risk
E-commerce competition — Amazon, Walmart, Shein, and Temu have each forced the rest of the category to compete on price, fulfillment speed, or assortment; sustaining margins requires one of those being structurally defended.
Verdict — model-derived comparison
The model favors SE (74.4) over CART (68.8) primarily due to SE's superior Growth pillar (96 vs. 81), reflected in its A-grade revenue expansion of +36.4%. However, a contrarian might prefer CART for its deep -65% discount to fair value and the market's implied -13% growth, while SE carries a caution signal for diluting shareholders.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where SE and CART diverge
On the headline score the gap is 4.4 points in favor of SE. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
QualitySE 65.4 · CART 93.7CART +28.3
ValueSE 74.4 · CART 51.5SE +22.9
GrowthSE 97.3 · CART 82.4SE +14.9
Pillars run 0–100. Value is judged against each company's own sector, so a Value score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.
Common questions
Is SE or CART the better stock?
SE scores higher: SE 77.9, CART 73.5 out of 100 on the Bull Rankings quality-growth score, which blends business quality, growth and valuation into one number. A higher score means a stronger business at a more reasonable price — it is not a price target or a recommendation.
Where do SE and CART differ most?
The widest gap is quality, where CART leads by 28 points on the 0–100 pillar scale. Neither name sweeps: they trade the lead across the three pillars, so the comparison is a trade-off rather than one being better on every measure.
How are SE and CART scored?
Each carries the same 0–100 quality-growth score used everywhere on the site, built from three pillars — quality (profitability and returns on capital), growth (revenue and earnings), and value (what you pay for them) — combined as a geometric mean, so a weak pillar cannot be papered over by a strong one.
How current is this comparison?
The whole universe is re-scored every trading day after the US market close, so the scores and fundamentals here reflect the latest published edition.