Uber Technologies, Inc

UBER

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Mobility, Delivery, and Freight.

Country: United StatesPrice: $75.95Market Cap: $155.1B

Company Profile

Industry: Business Services
Size: Large Cap($155.1B)
Revenue: $52.0B+18.3% YoY
Net Income: $10.1B+2.0% YoY

Financial Snapshot

Operating Margin10.7%
Return on Equity37.2%
Debt / Equity0.39
Current Ratio1.14
EPS (Diluted)$4.73+3.7%
Buybacks (1y)$6.5B
Buybacks (2y)$7.8B
Shares Retired1.9% / 0.2% 2y

Similar Companies

INTUINTUIT INC.
$94.6B
MCOMOODYS CORP /DE/
$84.0B
NBISNebius Group N.V.
$70.5B
QLYSQUALYS, INC.
$6.6B

Shareholder Return

Fiscal 2025

Retired 1.9% of shares last year, 0.2% over two.

Buybacks
$6.5B
Dividends
—

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY24
424.1% = 422.3% + 0.3%
FY25
3.7% = 2.0% + 1.7%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Annual data (10-K) · Last 5 years

MetricFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$155.1B$140.9Best.$135.2Best.$62.0Best.$72.9Best.
Revenue$52.0B↑18%$44.0B↑18%$37.3B↑17%$31.9B↑83%$17.5B
Operating Income$5.6B↑99%$2.8B↑152%$1.1B↑161%-$1.8B↑52%-$3.8B
Net Income$10.1B↑2%$9.9B↑422%$1.9B↑121%-$9.1B↓1743%-$496.0M
EPS (Diluted)$4.73↑4%$4.56↑424%$0.87↑119%$-4.65↓1503%$-0.29
Gross Margin39.8%↑1%39.4%↓1%39.8%↑4%38.3%↓17%46.4%
Operating Margin10.7%↑68%6.4%↑114%3.0%↑152%-5.7%↑74%-22.0%
ROE37.2%↓19%45.7%↑173%16.8%↑113%-124.5%↓3530%-3.4%
Total Debt$10.6B↓1%$10.7B↑12%$9.6B↑2%$9.4B$9.4B
Shareholders' Equity$27.0B↑25%$21.6B↑92%$11.2B↑53%$7.3B↓49%$14.5B
Current Ratio1.14↑6%1.07↓11%1.19↑14%1.04↑7%0.98
Debt / Equity0.39↓21%0.50↓42%0.85↓33%1.28↑96%0.65
Operating Cash Flow$10.1B↑42%$7.1B↑99%$3.6B↑458%$642.0M↑244%-$445.0M
Free Cash Flow$9.8B↑42%$6.9B↑105%$3.4B↑762%$390.0M↑152%-$743.0M
Scored from 10-K1d ago
MetricMarks

Risk-Aware Value

Akre

Three-Legged Stool

Druckenmiller

Macro-Enhanced Growth

Spier

Value Checklist

Pabrai

Dhandho Framework

Munger

Quality Focus

Ackman

Activist Value

Piotroski

F-Score

Greenblatt

Magic Formula

Lynch

GARP

Buffett

Quality Compounder

Graham

Defensive Value

VerdictPASSPASSBUYBUYHOLDBUYBUYHOLDNot rankedPASSPASSFAIL
Score
Analysis
Intrinsic ValueN/AN/AN/A
Margin of SafetyN/AN/A+72.5%+16.8%+7.0%+32.6%+55.1%-480.7%-529.8%N/A-27.3%-103.6%
Data As Of10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)

Where They Agree

    Where They Disagree

    • Profitability

      1 of 11 pass — Marks, Druckenmiller, Spier +7 more object

      Discount to Intrinsic Value-48.5% (IV=$50.80 vs Price=$75.42)
      ✗Marks>= 20% below intrinsic value
      Positive Net Income Frequency4/9 years positive
      ✗MarksPositive net income in >= 7 of last 10 years
      Return on Equity33.2% (3-yr avg)
      ✓AkreROE > 20% (3-year avg)
      EPS Growth AccelerationLatest: 3.7%, Prior: 424.1%
      ✗DruckenmillerAccelerating EPS growth
      Show 19 more metrics ▾
      Margin of SafetyP/E=15.9x, P/B=5.8x
      ✗SpierP/E < 15 AND P/B < 2.0✗PabraiP/B < 1.5 or P/E < 15
      Operating Income / Revenue10.7%
      ✗Ackman>= 15%
      Net Income / Shareholders Equity37.2%
      ✓Ackman>= 15%
      Net Income / Total Assets16.27%
      ✓PiotroskiROA > 0
      ROA Change YoY19.23% -> 16.27% (delta: -2.97%)
      ✗PiotroskiCurrent ROA > Prior ROA
      (CFO / Total Assets) vs ROACFO/Assets=16.34%, ROA=16.27%
      ✓PiotroskiCFO/Assets > ROA
      Gross Margin Change YoY39.4% -> 39.8%
      ✓PiotroskiImproved YoY
      EBIT / Enterprise Value3.5%
      ✗Greenblatt> 10%
      Earnings Yield + ROC AssessmentEY=3.5%, ROC=None
      ✗GreenblattBoth EY > 10% and ROC > 25%
      3-5 Year EPS CAGR
      ✗Lynch15-30% (Fast Grower); > 0% to pass
      ROE37.2%
      ✓Lynch> 15%
      Net Income Positive (10+ years)4/10 years positive
      ✗BuffettPositive every year for 10+ years
      ROE (5-yr avg)-5.7%
      ✗Buffett> 15% (5-yr avg)
      Operating Margin (10-yr trend)10.7% (latest)
      ✓BuffettStable or rising over 10 years
      Free Cash Flow Proxy$10.4B
      ✓BuffettPositive and growing
      Earnings Variance (10-yr CoV)
      ✗BuffettCoV < 0.3
      Retained Earnings Effectiveness6.70x
      ✓Buffett$1 retained -> > $1 market value created
      Positive EPS (10 years)3/10 years positive
      ✗GrahamPositive EPS every year for 10 years
      EPS Growth (3-yr avg, 10-yr window)
      ✗Graham>= 33% growth
    • Debt & Leverage

      4 of 8 pass — Akre, Piotroski, Lynch +1 more object

      Debt Levels0.39
      ✗AkreDebt/Equity < 0.3✓MungerDebt/Equity < 0.5
      Interest Coverage & Debt/EBITDAIC=14.4x, D/EBITDA=1.7x
      ✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
      Total Debt / Shareholders Equity0.39
      ✓Ackman<= 1.0
      LT Debt / Total Assets Change16.29% -> 17.02%
      ✗PiotroskiDecreased YoY
      Show 4 more metrics ▾
      Total Debt / Equity0.39
      ✗Lynch< 0.33
      Cash - Long-term Debt$-3.4B
      ✗LynchPositive preferred
      Debt/Equity & Interest CoverageD/E: 0.39, IC: 14.4x
      ✓BuffettD/E < 0.5 AND Interest Coverage > 5x
      LT Debt vs Net Current AssetsLT Debt $10.5B vs NCA $1.7B
      ✗GrahamLT Debt <= Net Current Assets
    • Valuation

      3 of 9 pass — Marks, Spier, Pabrai +3 more object

      P/B or P/E vs. Historical AverageP/E=15.9x, P/B=5.8x
      ✗MarksP/E < 15 or P/B < 2.0
      Discount to Intrinsic Value-48.5% (IV=$50.80 vs Price=$75.42)
      ✗Marks>= 20% below intrinsic value
      Price vs. 200-day MAQualitative
      ✓DruckenmillerPrice above 200-day moving average
      Margin of SafetyP/E=15.9x, P/B=5.8x
      ✗SpierP/E < 15 AND P/B < 2.0
      Show 9 more metrics ▾
      P/E or FCF YieldP/E=15.9x, FCF Yield=6.3%
      ✗PabraiP/E < 15 or FCF Yield > 10%
      Valuation ReasonablenessP/E=15.9x, OE Yield=6.7%
      ✓MungerP/E < 25 or Owner Earnings Yield > 5%
      Price / FCF per Share16.0x
      ✓Ackman<= 25
      EBIT / Enterprise Value3.5%
      ✗Greenblatt> 10%
      Earnings Yield + ROC AssessmentEY=3.5%, ROC=None
      ✗GreenblattBoth EY > 10% and ROC > 25%
      P/E / EPS Growth RateP/E 15.9x (growth N/A)
      ✗Lynch< 1.0 (ideally < 0.5)
      Price / 3-yr avg EPS22.3x
      ✗Graham<= 15x
      Price-to-Book Ratio5.8x
      ✗Graham<= 1.5x
      P/E x P/B128.40
      ✗Graham<= 22.5
    • Cash Flow

      4 of 6 pass — Marks and Pabrai object

      FCF Positive4/9 years FCF positive
      ✗MarksPositive FCF in majority of recent years
      P/E or FCF YieldP/E=15.9x, FCF Yield=6.3%
      ✗PabraiP/E < 15 or FCF Yield > 10%
      (OCF - CapEx) / Market Cap6.3%
      ✓Ackman>= 4%
      Price / FCF per Share16.0x
      ✓Ackman<= 25
      Show 4 more metrics ▾
      Operating Cash Flow$10.1B
      ✓PiotroskiCFO > 0
      (CFO / Total Assets) vs ROACFO/Assets=16.34%, ROA=16.27%
      ✓PiotroskiCFO/Assets > ROA
      FCF Positive and Growing$9.8B
      ✓LynchPositive and growing
      Free Cash Flow Proxy$10.4B
      ✓BuffettPositive and growing
    • Growth

      1 of 5 pass — Marks, Druckenmiller, Lynch +1 more object

      Positive Net Income Frequency4/9 years positive
      ✗MarksPositive net income in >= 7 of last 10 years
      EPS Growth AccelerationLatest: 3.7%, Prior: 424.1%
      ✗DruckenmillerAccelerating EPS growth
      Revenue Growth RateLatest: 18.3%, Prior: 18.0%
      ✓DruckenmillerRevenue growth accelerating
      3yr Median Revenue Growth18.0%
      ✓Ackman>= 5%
      Show 5 more metrics ▾
      Positive EPS Growth Frequency4/5 years with positive EPS growth
      ✓AckmanPositive EPS growth in >= 3 of last 5 years
      P/E / EPS Growth RateP/E 15.9x (growth N/A)
      ✗Lynch< 1.0 (ideally < 0.5)
      3-5 Year EPS CAGR
      ✗Lynch15-30% (Fast Grower); > 0% to pass
      Inventory Growth vs Revenue GrowthN/A (no inventory)
      ✓LynchInventory growth < Revenue growth
      EPS Growth (3-yr avg, 10-yr window)
      ✗Graham>= 33% growth
    • Efficiency

      No clean pass — all 6 investors flag at least one efficiency criterion

      ROIC (high and growing)0/7 years ROIC > 15% (latest: 11.7%)
      ✗AkreROIC > 15% for 3+ years
      Reinvestment Rate x ROIC11.7% (RR=100% x ROIC=11.7%)
      ✓AkreReinvestment Rate * ROIC > 10%
      Return on Invested Capital11.7%
      ✗Munger> 15%
      Current Ratio Change YoY1.07 -> 1.14
      ✓PiotroskiIncreased YoY
      Show 5 more metrics ▾
      Revenue / Total Assets Change YoY0.86x -> 0.84x
      ✗PiotroskiImproved YoY
      EBIT / (NWC + Net Fixed Assets)
      ✗Greenblatt> 25%
      ROIC (3-5 yr avg)0.2%
      ✗Buffett> 10%
      ROIC - WACC-9.8%
      ✗BuffettPositive (WACC = 10%)
      Current Ratio1.14
      ✗Graham>= 2.0
    • Verdicts

      Split decision: 4 PASS · 4 BUY · 2 HOLD · 1 FAIL

      Overall verdict
      ✓MarksPASS (4/8)✓AkrePASS (4/7)✓DruckenmillerBUY (5/7)✓SpierBUY (7/8)•PabraiHOLD (5/8)✓MungerBUY (6/7)✓AckmanBUY (8/9)•PiotroskiHOLD (F-Score 6)•GreenblattNot ranked✓LynchPASS (3/7)✓BuffettPASS (4/9)✗GrahamFAIL (1/9)
    • Valuation models

      Models split on UBER at $75.95 — fair values range $12.06–$275.72

      Druckenmiller fair value$275.72
      ✓Druckenmiller+72.5% margin vs $75.95
      Spier fair value$91.24
      ✓Spier+16.8% margin vs $75.95
      Pabrai fair value$81.71
      ✓Pabrai+7.0% margin vs $75.95
      Munger fair value$112.61
      ✓Munger+32.6% margin vs $75.95
      Show 5 more metrics ▾
      Ackman fair value$169.13
      ✓Ackman+55.1% margin vs $75.95
      Piotroski fair value$13.08
      ✗Piotroski-480.7% margin vs $75.95
      Greenblatt fair value$12.06
      ✗Greenblatt-529.8% margin vs $75.95
      Buffett fair value$59.64
      ✗Buffett-27.3% margin vs $75.95
      Graham fair value$37.31
      ✗Graham-103.6% margin vs $75.95

    Historical Score Timeline

    Industry Peers

    Similar companies in Business Services

    UBER vs Peers — Financial Grading

    Revenue$52.0BTop 25%
    Net Income$10.1BTop 25%
    ROE37.2%Top 25%
    D/E0.39Top 25%
    Op. Margin10.7%Median
    Curr. Ratio1.14Bottom 25%
    CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroski
    INTUIT INC.INTU$94.6B$345.66$18.8B$3.9B19.6%0.3026.1%1.362/97/95/71/3F-Score 8
    MOODYS CORP /DE/MCO$84.0B$484.96$7.7B$2.5B60.7%1.7343.4%1.742/96/94/71/3F-Score 8
    Nebius Group N.V.NBIS$70.5B$277.68$529.8M$82.5M1.8%0.90-115.5%3.082/92/91/70/3F-Score 6
    QUALYS, INC.QLYS$6.6B$186.05$669.1M$198.3M35.3%—33.2%1.412/93/95/70/3F-Score 8
    ACI WORLDWIDE, INC.ACIW$5.4B$53.44$1.8B$226.7M14.9%0.5718.7%1.541/91/93/71/3F-Score 7
    Flywire CorpFLYW$2.3B$18.81$623.0M$13.5M1.6%—1.8%1.501/92/92/70/3F-Score 7
    INNODATA INCINOD$2.1B$63.85$251.7M$32.2M30.0%—15.8%2.683/93/95/71/3F-Score 6
    INSPERITY, INC.NSP$2.0B$52.20$6.8B$7.0M-15.2%8.02-0.1%1.063/94/92/70/3F-Score 1