Head-to-head · free
CART vs Joint Stock Company Kaspi.kz
CART vs KSPI — return on capital, cash generation, margins and balance sheet side by side.
CART
2 / 5
measures where CART leads
KSPI
3 / 5
measures where KSPI leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | CART · FY2025 | KSPI |
|---|---|---|
| Revenue | $3.7B | — |
| Net income | $447.0M | — |
| Revenue growth (yearly, multi-year) | 10.9% | — |
| Free cash flow | $910.0M | — |
| Free cash flow margin | 24.3% | — |
| Net cash / (debt) | — | — |
| ROIC | 14.0% | 42.8% |
| Return on equity | 15.6% | 53.5% |
| Gross margin | 73.7% | 47.4% |
| Operating margin | 13.3% | 32.6% |
| Net debt / EBITDA | -1.07x | -0.35x |
Figures are as reported by each company; latest fiscal year shown.
Where CART's cash went (FY2025)
- Capital spending
- $61.0M
- Buybacks
- —
- Dividends
- —
- Acquisitions
- —
- Net debt issued / (repaid)
- —
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free