Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Uber Technologies Inc., profitability ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Return on Sales
Gross profit margin 39.76% 38.33% 46.43% 53.73% 49.05%
Operating profit margin 2.98% -5.75% -21.97% -43.66% -60.76%
Net profit margin 5.06% -28.68% -2.84% -60.76% -60.13%
Return on Investment
Return on equity (ROE) 16.77% -124.54% -3.43% -55.18% -59.94%
Return on assets (ROA) 4.88% -28.47% -1.28% -20.35% -26.78%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Uber Technologies Inc. gross profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Uber Technologies Inc. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Uber Technologies Inc. net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Uber Technologies Inc. ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
ROA A profitability ratio calculated as net income divided by total assets. Uber Technologies Inc. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Gross Profit Margin

Uber Technologies Inc., gross profit margin calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Gross profit 14,824 12,218 8,104 5,985 6,939
Revenue 37,281 31,877 17,455 11,139 14,147
Profitability Ratio
Gross profit margin1 39.76% 38.33% 46.43% 53.73% 49.05%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenue
= 100 × 14,824 ÷ 37,281 = 39.76%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Uber Technologies Inc. gross profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Operating Profit Margin

Uber Technologies Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Income (loss) from operations 1,110 (1,832) (3,834) (4,863) (8,596)
Revenue 37,281 31,877 17,455 11,139 14,147
Profitability Ratio
Operating profit margin1 2.98% -5.75% -21.97% -43.66% -60.76%
Benchmarks
Operating Profit Margin, Competitors2
FedEx Corp. 5.45% 6.68% 6.98% 3.49% 6.41%
Union Pacific Corp. 37.65% 39.87% 42.83% 40.11% 39.40%
United Parcel Service Inc. 10.05% 13.05% 13.17% 9.08% 10.52%
Operating Profit Margin, Sector
Transportation 10.00% 10.94% 10.96% 7.08% 6.80%
Operating Profit Margin, Industry
Industrials 10.07% 9.34% 9.80% 4.43% 9.67%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Operating profit margin = 100 × Income (loss) from operations ÷ Revenue
= 100 × 1,110 ÷ 37,281 = 2.98%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Uber Technologies Inc. operating profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Profit Margin

Uber Technologies Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 1,887 (9,141) (496) (6,768) (8,506)
Revenue 37,281 31,877 17,455 11,139 14,147
Profitability Ratio
Net profit margin1 5.06% -28.68% -2.84% -60.76% -60.13%
Benchmarks
Net Profit Margin, Competitors2
FedEx Corp. 4.41% 4.09% 6.23% 1.86% 0.77%
Union Pacific Corp. 26.45% 28.13% 29.92% 27.38% 27.27%
United Parcel Service Inc. 7.37% 11.51% 13.25% 1.59% 5.99%
Net Profit Margin, Sector
Transportation 7.81% 5.28% 10.95% 0.66% 1.33%
Net Profit Margin, Industry
Industrials 8.61% 5.27% 6.43% 1.43% 3.90%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Revenue
= 100 × 1,887 ÷ 37,281 = 5.06%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Uber Technologies Inc. net profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Return on Equity (ROE)

Uber Technologies Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 1,887 (9,141) (496) (6,768) (8,506)
Total Uber Technologies, Inc. stockholders’ equity 11,249 7,340 14,458 12,266 14,190
Profitability Ratio
ROE1 16.77% -124.54% -3.43% -55.18% -59.94%
Benchmarks
ROE, Competitors2
FedEx Corp. 15.23% 15.34% 21.64% 7.03% 3.04%
Union Pacific Corp. 43.14% 57.54% 46.06% 31.54% 32.65%
United Parcel Service Inc. 38.76% 58.36% 90.44% 204.41% 135.90%
ROE, Sector
Transportation 27.29% 20.60% 36.02% 2.51% 4.49%
ROE, Industry
Industrials 27.68% 15.53% 16.58% 3.94% 13.76%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROE = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × 1,887 ÷ 11,249 = 16.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Uber Technologies Inc. ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Return on Assets (ROA)

Uber Technologies Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 1,887 (9,141) (496) (6,768) (8,506)
Total assets 38,699 32,109 38,774 33,252 31,761
Profitability Ratio
ROA1 4.88% -28.47% -1.28% -20.35% -26.78%
Benchmarks
ROA, Competitors2
FedEx Corp. 4.56% 4.45% 6.32% 1.75% 0.99%
Union Pacific Corp. 9.50% 10.69% 10.27% 8.57% 9.60%
United Parcel Service Inc. 9.47% 16.24% 18.57% 2.15% 7.67%
ROA, Sector
Transportation 7.18% 5.20% 9.49% 0.52% 1.16%
ROA, Industry
Industrials 5.75% 3.46% 3.83% 0.74% 2.39%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROA = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total assets
= 100 × 1,887 ÷ 38,699 = 4.88%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Uber Technologies Inc. ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.