Explain this page
Arphra AIPlain-English read on Uber Technologies, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
ATop tier
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin39.8%
Operating margin10.7%
Net margin19.3%
ROE35.8%
ROA16.3%
ROIC28.9%
Liquidity & leverage
Current ratio1.14×
Quick ratio1.14×
Debt / equity0.48×
Net debt / EBITDA0.82×
Interest coverage13×
Efficiency & per-share
Asset turnover0.84×
Inventory days0
Days sales out.27
FCF / share$4.61
Book value / share$13.25
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $126.35B | $170.39B | — | — | — | — |
| Enterprise value | — | — | — | $131.34B | $176.12B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 2.99 | 3.39 | — | — | — | — |
| EV / FCF | — | — | — | 19.05 | 18.04 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +7.80% | +5.90% | — | — | — | — |
| Free cash flow yield | — | — | — | +5.46% | +5.73% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +46.43% | +38.33% | +39.76% | +39.40% | +39.75% | +40.48% | +38.76% | +39.12% | +40.62% |
| Operating margin | -21.97% | -5.75% | +2.98% | +6.36% | +10.70% | +6.85% | +6.62% | +6.66% | +6.86% |
| EBITDA margin | +2.06% | -24.83% | +10.13% | +12.24% | +13.43% | +11.96% | +11.59% | +11.86% | +11.66% |
| EBIT margin | -3.11% | -27.80% | +7.92% | +10.57% | +12.00% | +10.19% | +10.40% | +10.33% | +9.92% |
| Pre-tax margin | -6.08% | -29.23% | +6.35% | +9.29% | +11.05% | +8.72% | +8.92% | +8.65% | +9.13% |
| Net margin | -2.84% | -28.68% | +5.06% | +22.41% | +19.33% | +6.83% | +6.75% | +6.78% | +6.85% |
| Cost structure | |||||||||
| Cost of revenue / sales | +53.57% | +61.67% | +60.24% | +60.60% | +60.25% | +61.16% | +61.77% | +61.50% | +58.99% |
| R&D intensity | +11.77% | +8.78% | +8.49% | +7.07% | +6.54% | +7.39% | +7.38% | +7.29% | +7.49% |
| SG&A intensity | +40.70% | +24.76% | +18.88% | +18.14% | +15.65% | +17.51% | +17.60% | +18.02% | +17.43% |
| Effective tax rate | — | — | +8.99% | -140.89% | -75.62% | +8.93% | +9.03% | +9.02% | +8.88% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | -3.23% | -107.49% | +14.88% | +43.85% | +35.80% | +14.59% | +14.73% | +15.05% | +15.17% |
| Return on assets (ROA) | -1.28% | -28.47% | +4.88% | +19.23% | +16.27% | +6.09% | +6.15% | +5.94% | +5.94% |
| Return on capital (ROC) | -14.22% | -9.06% | +4.53% | +8.25% | +13.39% | +9.23% | +9.02% | +9.09% | +9.43% |
| Return on invested capital (ROIC) | -10.67% | -6.79% | +7.70% | +29.06% | +24.19% | +9.22% | +9.19% | +9.25% | +9.41% |
| Asset turnover | +45.02% | +99.28% | +96.34% | +85.82% | +84.17% | +89.18% | +91.17% | +87.65% | +86.66% |
| DuPont · ROE decomposition | |||||||||
| Net margin | -2.84% | -28.68% | +5.06% | +22.41% | +19.33% | +6.83% | +6.75% | +6.78% | +6.85% |
| Asset turnover (× revenue / assets) | +45.02% | +99.28% | +96.34% | +85.82% | +84.17% | +89.18% | +91.17% | +87.65% | +86.66% |
| Equity multiplier (× assets / equity) | +252.62% | +377.58% | +305.15% | +227.99% | +220.07% | +239.50% | +239.49% | +253.23% | +255.57% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.45 | 0.99 | 0.96 | 0.86 | 0.84 | 0.89 | 0.91 | 0.88 | 0.87 |
| Fixed-asset turnover | 5.39 | 9.03 | 11.25 | 14.14 | 17.28 | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.83 | 9.14 | 9.05 | 11.53 | 13.59 | — | — | — | — |
| Payables turnover | 10.87 | 27.00 | 28.43 | 31.06 | 30.94 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 62.57 | 39.95 | 40.35 | 31.66 | 26.85 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 33.57 | 13.52 | 12.84 | 11.75 | 11.80 | — | — | — | — |
| Cash conversion cycle | 29.00 | 26.43 | 27.51 | 19.91 | 15.06 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.90 | -0.07 | 1.90 | 0.72 | 1.00 | 2.25 | 2.21 | 2.23 | 2.26 |
| FCF / Net income | 1.50 | -0.04 | 1.78 | 0.70 | 0.97 | 2.12 | 2.14 | 2.12 | 2.17 |
| FCF margin | -4.26% | +1.22% | +9.02% | +15.68% | +18.77% | +14.46% | +14.41% | +14.36% | +14.88% |
| OCF margin | -2.55% | +2.01% | +9.62% | +16.23% | +19.41% | +15.37% | +14.89% | +15.08% | +15.46% |
| CapEx / Revenue | +1.71% | +0.79% | +0.60% | +0.55% | +0.65% | +0.60% | +0.58% | +0.61% | +0.60% |
| CapEx / D&A | 0.33 | 0.27 | 0.27 | 0.33 | 0.45 | — | — | — | — |
| Stock-based comp / Revenue | +6.69% | +5.62% | +5.19% | +4.08% | +3.51% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -0.26 | -4.65 | 0.87 | 4.56 | 4.73 | 3.30 | 4.41 | 5.37 | 6.41 |
| EPS · basic | -0.26 | -4.64 | 0.90 | 4.71 | 4.82 | 3.37 | 4.49 | 5.48 | 6.65 |
| Book value / share | 8.11 | 4.31 | 6.06 | 10.45 | 13.25 | 12.80 | 14.40 | 16.04 | 18.02 |
| Tangible BV / share | 2.39 | -0.83 | 1.48 | 6.18 | 8.54 | 12.80 | 14.40 | 16.04 | 18.02 |
| Sales / share | 9.22 | 16.14 | 17.82 | 20.45 | 24.54 | 27.33 | 31.44 | 35.60 | 39.90 |
| Operating CF / share | -0.24 | 0.33 | 1.71 | 3.32 | 4.76 | 4.20 | 4.68 | 5.37 | 6.17 |
| Free cash flow / share | -0.39 | 0.20 | 1.61 | 3.21 | 4.61 | 3.95 | 4.53 | 5.11 | 5.94 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +82.62% | +16.95% | +17.96% | +18.28% | +11.75% | +15.15% | +13.30% | +10.65% | +21.69% |
| Gross profit · YoY | — | +50.77% | +21.33% | +16.88% | +19.35% | +13.80% | +10.26% | +14.34% | +14.89% | +19.67% |
| Profit | ||||||||||
| Operating income · YoY | — | +52.22% | +160.59% | +152.16% | +98.82% | -28.50% | +11.40% | +13.89% | +14.07% | — |
| EBITDA · YoY | — | -2298.33% | +147.73% | +42.57% | +29.75% | -0.46% | +11.57% | +15.95% | +8.73% | +51.10% |
| Net income · YoY | — | -1742.94% | +120.64% | +422.31% | +2.00% | -60.50% | +13.71% | +13.83% | +11.80% | — |
| Operating | ||||||||||
| EBIT · YoY | — | -1534.87% | +133.34% | +57.35% | +34.25% | -5.07% | +17.49% | +12.52% | +6.33% | — |
| R&D · YoY | — | +36.22% | +13.08% | -1.74% | +9.42% | +26.35% | +14.87% | +11.97% | +13.67% | +15.00% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -1688.46% | +118.71% | +424.14% | +3.73% | -30.17% | +33.64% | +21.66% | +19.38% | — |
| EPS · basic · YoY | — | -1684.62% | +119.40% | +423.33% | +2.34% | -29.99% | +33.11% | +22.05% | +21.38% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $11.6B | $11.72B | $11.83B | $11.44B | $13.47B | $15.88B | $18.47B | $21.39B | $23.21B |
| Net debt | $6.68B | $6.83B | $6.35B | $5B | $5.73B | $7.38B | $8.74B | $10.08B | $10.47B |
| Net debt / EBITDA | 18.55 | -0.86 | 1.68 | 0.93 | 0.82 | 1.06 | 1.13 | 1.12 | 1.07 |
| Debt / equity | 0.76 | 1.38 | 0.93 | 0.51 | 0.48 | 0.58 | 0.60 | 0.63 | 0.61 |
| Debt / assets | +29.93% | +36.49% | +30.57% | +22.32% | +21.80% | +24.36% | +25.16% | +24.72% | +23.96% |
| Equity / assets | +39.59% | +26.48% | +32.77% | +43.86% | +45.44% | +41.75% | +41.76% | +39.49% | +39.13% |
| Coverage | |||||||||
| EBITDA / interest expense | 0.75 | -14.01 | 5.97 | 10.30 | 15.88 | 9.53 | 9.53 | 9.26 | 9.28 |
| Operating income / interest | -7.94 | -3.24 | 1.75 | 5.35 | 12.65 | 5.45 | 5.44 | 5.20 | 5.47 |
| Interest expense | $483M | $565M | $633M | $523M | $440M | $729.74M | $814.12M | $971.18M | $1.05B |
| Liquidity | |||||||||
| Current ratio | 0.98 | 1.04 | 1.19 | 1.07 | 1.14 | — | — | — | — |
| Quick ratio | 0.88 | 0.96 | 1.09 | 0.99 | 0.98 | — | — | — | — |
| Cash ratio | 0.55 | 0.55 | 0.58 | 0.56 | 0.63 | — | — | — | — |
| Working capital | -$205M | $396M | $1.84B | $769M | $1.67B | — | — | — | — |
| Working capital / revenue | -1.17% | +1.24% | +4.94% | +1.75% | +3.22% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 3.39x | 2.99x |
| Earnings yield | 5.9% | 7.8% |
| FCF yield | 5.7% | 5.5% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 37.2% | 45.7% |
| ROA | 16.3% | 19.2% |
| ROIC | 11.2% | 6.8% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 0.82 | 0.93 |
| Interest coverage | — | — |
| Current ratio | 1.14x | 1.07x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).