Stock Analysis on Net
Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Uber Technologies Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.86 0.96 0.99 0.45 0.33
Adjusted 0.97 0.97 1.00 0.45 0.33
Liquidity Ratio
Current Ratio
Reported 1.07 1.19 1.04 0.98 1.44
Adjusted 1.08 1.20 1.05 0.98 1.45
Solvency Ratios
Debt to Equity
Reported 0.45 0.89 1.32 0.66 0.64
Adjusted 0.70 0.92 1.37 0.72 0.66
Debt to Capital
Reported 0.31 0.47 0.57 0.40 0.39
Adjusted 0.41 0.48 0.58 0.42 0.40
Financial Leverage
Reported 2.38 3.44 4.37 2.68 2.71
Adjusted 2.75 3.05 3.79 2.47 2.28
Profitability Ratios
Net Profit Margin
Reported 22.41% 5.06% -28.68% -2.84% -60.76%
Adjusted 8.47% 5.94% -29.71% -7.20% -66.24%
Return on Equity (ROE)
Reported 45.72% 16.77% -124.54% -3.43% -55.18%
Adjusted 22.71% 17.50% -112.14% -8.00% -50.57%
Return on Assets (ROA)
Reported 19.23% 4.88% -28.47% -1.28% -20.35%
Adjusted 8.25% 5.74% -29.57% -3.24% -22.18%

Based on: 10-K (reporting date: 2024-12-31), 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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Uber Technologies Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Uber Technologies Inc. adjusted current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Uber Technologies Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Uber Technologies Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Uber Technologies Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Uber Technologies Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Uber Technologies Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Uber Technologies Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

Uber Technologies Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Revenue 43,978 37,281 31,877 17,455 11,139
Total assets 51,244 38,699 32,109 38,774 33,252
Activity Ratio
Total asset turnover1 0.86 0.96 0.99 0.45 0.33
Adjusted
Selected Financial Data (US$ in millions)
Revenue 43,978 37,281 31,877 17,455 11,139
Adjusted total assets2 45,168 38,620 32,023 38,763 33,268
Activity Ratio
Adjusted total asset turnover3 0.97 0.97 1.00 0.45 0.33

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Total asset turnover = Revenue ÷ Total assets
= 43,978 ÷ 51,244 = 0.86

2 Adjusted total assets. See details »

3 2024 Calculation
Adjusted total asset turnover = Revenue ÷ Adjusted total assets
= 43,978 ÷ 45,168 = 0.97

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Uber Technologies Inc. adjusted total asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Current assets 12,245 11,297 9,249 8,819 9,882
Current liabilities 11,476 9,454 8,853 9,024 6,865
Liquidity Ratio
Current ratio1 1.07 1.19 1.04 0.98 1.44
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 12,340 11,388 9,329 8,870 9,937
Current liabilities 11,476 9,454 8,853 9,024 6,865
Liquidity Ratio
Adjusted current ratio3 1.08 1.20 1.05 0.98 1.45

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 12,245 ÷ 11,476 = 1.07

2 Adjusted current assets. See details »

3 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 12,340 ÷ 11,476 = 1.08

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Uber Technologies Inc. adjusted current ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 9,807 9,962 9,691 9,537 7,884
Total Uber Technologies, Inc. stockholders’ equity 21,558 11,249 7,340 14,458 12,266
Solvency Ratio
Debt to equity1 0.45 0.89 1.32 0.66 0.64
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 11,436 11,702 11,565 11,366 9,603
Adjusted total equity3 16,408 12,657 8,445 15,704 14,591
Solvency Ratio
Adjusted debt to equity4 0.70 0.92 1.37 0.72 0.66

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Debt to equity = Total debt ÷ Total Uber Technologies, Inc. stockholders’ equity
= 9,807 ÷ 21,558 = 0.45

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 11,436 ÷ 16,408 = 0.70

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Uber Technologies Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 9,807 9,962 9,691 9,537 7,884
Total capital 31,365 21,211 17,031 23,995 20,150
Solvency Ratio
Debt to capital1 0.31 0.47 0.57 0.40 0.39
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 11,436 11,702 11,565 11,366 9,603
Adjusted total capital3 27,844 24,359 20,010 27,070 24,194
Solvency Ratio
Adjusted debt to capital4 0.41 0.48 0.58 0.42 0.40

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,807 ÷ 31,365 = 0.31

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 11,436 ÷ 27,844 = 0.41

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Uber Technologies Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 51,244 38,699 32,109 38,774 33,252
Total Uber Technologies, Inc. stockholders’ equity 21,558 11,249 7,340 14,458 12,266
Solvency Ratio
Financial leverage1 2.38 3.44 4.37 2.68 2.71
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 45,168 38,620 32,023 38,763 33,268
Adjusted total equity3 16,408 12,657 8,445 15,704 14,591
Solvency Ratio
Adjusted financial leverage4 2.75 3.05 3.79 2.47 2.28

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Financial leverage = Total assets ÷ Total Uber Technologies, Inc. stockholders’ equity
= 51,244 ÷ 21,558 = 2.38

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 45,168 ÷ 16,408 = 2.75

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Uber Technologies Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Revenue 43,978 37,281 31,877 17,455 11,139
Profitability Ratio
Net profit margin1 22.41% 5.06% -28.68% -2.84% -60.76%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including non-controlling interests2 3,726 2,215 (9,470) (1,257) (7,378)
Revenue 43,978 37,281 31,877 17,455 11,139
Profitability Ratio
Adjusted net profit margin3 8.47% 5.94% -29.71% -7.20% -66.24%

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Revenue
= 100 × 9,856 ÷ 43,978 = 22.41%

2 Adjusted net income (loss) including non-controlling interests. See details »

3 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) including non-controlling interests ÷ Revenue
= 100 × 3,726 ÷ 43,978 = 8.47%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Uber Technologies Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Total Uber Technologies, Inc. stockholders’ equity 21,558 11,249 7,340 14,458 12,266
Profitability Ratio
ROE1 45.72% 16.77% -124.54% -3.43% -55.18%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including non-controlling interests2 3,726 2,215 (9,470) (1,257) (7,378)
Adjusted total equity3 16,408 12,657 8,445 15,704 14,591
Profitability Ratio
Adjusted ROE4 22.71% 17.50% -112.14% -8.00% -50.57%

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
ROE = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × 9,856 ÷ 21,558 = 45.72%

2 Adjusted net income (loss) including non-controlling interests. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) including non-controlling interests ÷ Adjusted total equity
= 100 × 3,726 ÷ 16,408 = 22.71%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Uber Technologies Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 9,856 1,887 (9,141) (496) (6,768)
Total assets 51,244 38,699 32,109 38,774 33,252
Profitability Ratio
ROA1 19.23% 4.88% -28.47% -1.28% -20.35%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including non-controlling interests2 3,726 2,215 (9,470) (1,257) (7,378)
Adjusted total assets3 45,168 38,620 32,023 38,763 33,268
Profitability Ratio
Adjusted ROA4 8.25% 5.74% -29.57% -3.24% -22.18%

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
ROA = 100 × Net income (loss) attributable to Uber Technologies, Inc. ÷ Total assets
= 100 × 9,856 ÷ 51,244 = 19.23%

2 Adjusted net income (loss) including non-controlling interests. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) including non-controlling interests ÷ Adjusted total assets
= 100 × 3,726 ÷ 45,168 = 8.25%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Uber Technologies Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.