Stock Analysis on Net

Uber Technologies Inc. (NYSE:UBER)

Analysis of Profitability Ratios 
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Uber Technologies Inc., profitability ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Return on Sales
Gross profit margin 39.40% 39.28% 39.24% 39.45% 39.76% 39.62% 39.28% 38.27% 38.33% 39.91% 42.38% 45.50% 46.43% 48.20% 48.88% 50.22% 53.73%
Operating profit margin 6.36% 6.39% 5.03% 4.00% 2.98% 0.88% -1.64% -4.76% -5.75% -7.71% -9.07% -13.04% -21.97% -28.04% -36.73% -47.47% -43.66%
Net profit margin 22.41% 10.49% 5.02% 3.60% 5.06% 2.93% -1.07% -9.95% -28.68% -30.45% -39.39% -29.52% -2.84% -15.87% -7.97% -36.50% -60.76%
Return on Investment
Return on equity (ROE) 45.72% 29.78% 16.28% 12.57% 16.77% 11.26% -4.31% -44.86% -124.54% -141.59% -151.07% -70.86% -3.43% -16.91% -7.20% -28.97% -55.18%
Return on assets (ROA) 19.23% 9.34% 4.84% 3.51% 4.88% 2.93% -1.09% -10.38% -28.47% -28.43% -32.45% -19.26% -1.28% -6.39% -2.82% -11.37% -20.35%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Uber Technologies Inc. operating profit margin ratio improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Uber Technologies Inc. net profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Uber Technologies Inc. ROE improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
ROA A profitability ratio calculated as net income divided by total assets. Uber Technologies Inc. ROA improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Gross Profit Margin

Uber Technologies Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Gross profit 4,725 4,427 4,212 3,963 3,879 3,666 3,715 3,564 3,300 3,170 2,920 2,828 2,674 2,407 1,830 1,193 1,724 1,515 989 1,757
Revenue 11,959 11,188 10,700 10,131 9,936 9,292 9,230 8,823 8,607 8,343 8,073 6,854 5,778 4,845 3,929 2,903 3,165 2,813 1,913 3,248
Profitability Ratio
Gross profit margin1 39.40% 39.28% 39.24% 39.45% 39.76% 39.62% 39.28% 38.27% 38.33% 39.91% 42.38% 45.50% 46.43% 48.20% 48.88% 50.22% 53.73%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Gross profit margin = 100 × (Gross profitQ4 2024 + Gross profitQ3 2024 + Gross profitQ2 2024 + Gross profitQ1 2024) ÷ (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024)
= 100 × (4,725 + 4,427 + 4,212 + 3,963) ÷ (11,959 + 11,188 + 10,700 + 10,131) = 39.40%

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Operating Profit Margin

Uber Technologies Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Income (loss) from operations 770 1,061 796 172 652 394 326 (262) (142) (495) (713) (482) (550) (572) (1,188) (1,524) (877) (1,116) (1,607) (1,263)
Revenue 11,959 11,188 10,700 10,131 9,936 9,292 9,230 8,823 8,607 8,343 8,073 6,854 5,778 4,845 3,929 2,903 3,165 2,813 1,913 3,248
Profitability Ratio
Operating profit margin1 6.36% 6.39% 5.03% 4.00% 2.98% 0.88% -1.64% -4.76% -5.75% -7.71% -9.07% -13.04% -21.97% -28.04% -36.73% -47.47% -43.66%
Benchmarks
Operating Profit Margin, Competitors2
FedEx Corp. 6.34% 6.29% 6.03% 5.88% 5.45% 5.76% 5.97% 6.37% 6.68% 6.67% 6.47% 6.54% 6.98% 5.76% 5.27% 4.24% 3.49% 4.68% 5.43% 6.27%
Union Pacific Corp. 40.05% 39.51% 38.76% 38.02% 37.65% 37.64% 38.53% 39.22% 39.87% 40.71% 41.59% 42.90% 42.83% 41.98% 41.35% 39.80% 40.11%
United Airlines Holdings Inc. 8.93% 8.20% 8.56% 7.94% 7.84% 8.74% 8.47% 7.52% 5.20% 1.35% 0.37% -3.51% -4.15% -13.85% -37.01% -63.87% -41.41%
United Parcel Service Inc. 9.30% 8.84% 8.24% 9.15% 10.05% 10.59% 12.09% 12.52% 13.05% 13.64% 13.56% 13.46% 13.17% 11.60% 11.27% 10.48% 9.08%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Operating profit margin = 100 × (Income (loss) from operationsQ4 2024 + Income (loss) from operationsQ3 2024 + Income (loss) from operationsQ2 2024 + Income (loss) from operationsQ1 2024) ÷ (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024)
= 100 × (770 + 1,061 + 796 + 172) ÷ (11,959 + 11,188 + 10,700 + 10,131) = 6.36%

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 Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.

Net Profit Margin

Uber Technologies Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 6,883 2,612 1,015 (654) 1,429 221 394 (157) 596 (1,206) (2,601) (5,930) 892 (2,424) 1,144 (108) (968) (1,089) (1,775) (2,936)
Revenue 11,959 11,188 10,700 10,131 9,936 9,292 9,230 8,823 8,607 8,343 8,073 6,854 5,778 4,845 3,929 2,903 3,165 2,813 1,913 3,248
Profitability Ratio
Net profit margin1 22.41% 10.49% 5.02% 3.60% 5.06% 2.93% -1.07% -9.95% -28.68% -30.45% -39.39% -29.52% -2.84% -15.87% -7.97% -36.50% -60.76%
Benchmarks
Net Profit Margin, Competitors2
FedEx Corp. 4.94% 5.02% 4.87% 4.71% 4.41% 3.23% 3.54% 3.79% 4.09% 5.60% 5.49% 5.88% 6.23% 3.85% 3.28% 2.50% 1.86% -0.50% 0.11% 0.65%
Union Pacific Corp. 27.82% 27.33% 26.90% 26.52% 26.45% 26.37% 27.18% 27.91% 28.13% 28.95% 29.23% 30.06% 29.92% 29.19% 28.60% 27.02% 27.38%
United Airlines Holdings Inc. 5.52% 4.94% 5.28% 4.90% 4.87% 5.45% 5.24% 3.93% 1.64% -1.85% -3.43% -6.85% -7.97% -16.19% -37.89% -63.43% -46.04%
United Parcel Service Inc. 6.35% 6.25% 5.87% 6.60% 7.37% 9.19% 10.41% 10.90% 11.51% 11.07% 10.92% 10.90% 13.25% 6.83% 6.57% 5.78% 1.59%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
Net profit margin = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q1 2024) ÷ (RevenueQ4 2024 + RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024)
= 100 × (6,883 + 2,612 + 1,015 + -654) ÷ (11,959 + 11,188 + 10,700 + 10,131) = 22.41%

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Return on Equity (ROE)

Uber Technologies Inc., ROE calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 6,883 2,612 1,015 (654) 1,429 221 394 (157) 596 (1,206) (2,601) (5,930) 892 (2,424) 1,144 (108) (968) (1,089) (1,775) (2,936)
Total Uber Technologies, Inc. stockholders’ equity 21,558 14,780 12,350 11,058 11,249 9,358 8,664 7,508 7,340 6,247 6,661 8,916 14,458 13,931 14,175 13,598 12,266 8,942 9,550 11,342
Profitability Ratio
ROE1 45.72% 29.78% 16.28% 12.57% 16.77% 11.26% -4.31% -44.86% -124.54% -141.59% -151.07% -70.86% -3.43% -16.91% -7.20% -28.97% -55.18%
Benchmarks
ROE, Competitors2
FedEx Corp. 15.70% 16.66% 16.02% 15.73% 15.23% 12.10% 13.82% 14.28% 15.34% 20.94% 19.71% 20.96% 21.64% 13.78% 11.65% 9.18% 7.03% -1.85% 0.40% 2.48%
Union Pacific Corp. 39.95% 40.02% 39.38% 40.79% 43.14% 45.45% 51.02% 56.19% 57.54% 60.21% 53.89% 57.26% 46.06% 44.49% 41.12% 32.09% 31.54%
United Airlines Holdings Inc. 24.84% 24.17% 27.89% 29.26% 28.08% 32.32% 34.60% 28.79% 10.69% -15.35% -30.80% -54.75% -39.05% -59.20% -112.74% -129.12% -118.61%
United Parcel Service Inc. 34.59% 33.61% 30.85% 35.05% 38.76% 44.64% 50.02% 53.80% 58.36% 65.94% 67.12% 69.80% 90.44% 53.57% 56.25% 72.34% 204.41%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROE = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q1 2024) ÷ Total Uber Technologies, Inc. stockholders’ equity
= 100 × (6,883 + 2,612 + 1,015 + -654) ÷ 21,558 = 45.72%

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Return on Assets (ROA)

Uber Technologies Inc., ROA calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Uber Technologies, Inc. 6,883 2,612 1,015 (654) 1,429 221 394 (157) 596 (1,206) (2,601) (5,930) 892 (2,424) 1,144 (108) (968) (1,089) (1,775) (2,936)
Total assets 51,244 47,117 41,514 39,599 38,699 35,949 34,068 32,451 32,109 31,112 31,014 32,812 38,774 36,884 36,251 34,655 33,252 28,894 28,240 30,090
Profitability Ratio
ROA1 19.23% 9.34% 4.84% 3.51% 4.88% 2.93% -1.09% -10.38% -28.47% -28.43% -32.45% -19.26% -1.28% -6.39% -2.82% -11.37% -20.35%
Benchmarks
ROA, Competitors2
FedEx Corp. 4.98% 5.10% 4.87% 4.77% 4.56% 3.49% 3.89% 4.18% 4.45% 6.11% 5.84% 6.21% 6.32% 3.66% 3.02% 2.30% 1.75% -0.50% 0.11% 0.66%
Union Pacific Corp. 9.96% 9.82% 9.58% 9.50% 9.50% 9.57% 10.19% 10.61% 10.69% 10.82% 10.63% 10.64% 10.27% 9.93% 9.48% 8.44% 8.57%
United Airlines Holdings Inc. 4.25% 3.81% 4.01% 3.74% 3.68% 3.91% 3.64% 2.73% 1.09% -1.09% -1.73% -2.87% -2.88% -4.64% -7.78% -10.90% -11.87%
United Parcel Service Inc. 8.25% 8.30% 7.57% 8.76% 9.47% 12.17% 14.23% 14.93% 16.24% 16.09% 15.60% 15.35% 18.57% 9.81% 9.37% 8.17% 2.15%

Based on: 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

1 Q4 2024 Calculation
ROA = 100 × (Net income (loss) attributable to Uber Technologies, Inc.Q4 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q3 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q2 2024 + Net income (loss) attributable to Uber Technologies, Inc.Q1 2024) ÷ Total assets
= 100 × (6,883 + 2,612 + 1,015 + -654) ÷ 51,244 = 19.23%

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 improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.