UBER · NYSE · Software
Uber Technologies, Inc. is a global technology platform focused on mobility, delivery, and logistics.
Current price
$69.29
▼ −$2.03 (2.85%) today
ET&A View
Last reviewed 17 September 2026
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Uber has evolved from a structurally loss-making ride-hailing platform into a highly cash-generative global marketplace spanning mobility, food delivery, grocery, advertising and increasingly autonomous transportation.
Business Health
Is the business financially healthy?
Yes — healthy
Revenue, cash generation and the balance sheet stand out.
Overall
Revenue
$55.2bn · ↑ +18% last year
Earnings
$9.6bn · ↑ +2% last year
Margins
Keeps 13% of sales as operating profit
Cash generation
$9.8bn spare cash a year · 18% of sales
Balance sheet
Debt ≈ 1.2 years of earnings
Investor View
Open a section for the detail behind the quick view.
Uber has evolved from a structurally loss-making ride-hailing platform into a highly cash-generative global marketplace spanning mobility, food delivery, grocery, advertising and increasingly autonomous transportation.…
The complete ET&A view
See our full reasoning, what could drive the shares higher or go wrong, our Fair Value and Preferred Entry, and how our view has changed.
Reported annual results, newest first · Market data. “Growth” is the change in sales on the year before.
| Year | Revenue | Growth | Operating margin | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025 | $52.0bn | +18.3% | 10.7% | $10.1bn | $4.73 | $9.8bn |
| FY2024 | $44.0bn | +18.0% | 6.4% | $9.9bn | $4.56 | $6.9bn |
| FY2023 | $37.3bn | +17.0% | 3.0% | $1.9bn | $0.87 | $3.4bn |
| FY2022 | $31.9bn | — | −5.7% | −$9.1bn | −$4.65 | $390m |
Long-term growth investors
Also suits: Investors who want a mix of growth and stability
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Compare Uber Technologies Inc with any company → The model’s own peer calculations are in the Research View.
Uber Technologies, Inc. is a global technology platform focused on mobility, delivery, and logistics. The company is best known for its ride-hailing business, connecting riders with drivers through its app, but it also operates Uber Eats for food, grocery, and retail delivery, as well as Uber Freight for connecting shippers with carriers in the logistics market.
Uber’s strength comes from the scale of its platform, global brand recognition, network effects, data, payments infrastructure, and ability to serve multiple everyday transport and delivery needs through one ecosystem. Its business benefits from urban mobility demand, food delivery adoption, digital payments, advertising, subscriptions, autonomous vehicle partnerships, and logistics technology. This gives Uber exposure to several long-term themes, including app-based mobility, convenience commerce, platform economics, and the wider shift toward digitally coordinated transportation.
Software · USA
For detailed analysis. Each section opens on its own.
As of 14 October 2026
Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.
| Measure | Today | Source |
|---|---|---|
| P/E | Members | |
| Forward P/E | Members | |
| EV/EBITDA | Members | |
| Price/Sales | Members | |
| FCF Yield | Members |
Valuation ratios are part of ET&A membership.
Other published measures
Use the 5Y and Max ranges on the price chart at the top of the page.
Forecasts are market consensus or calculated from forward EPS — not ET&A estimates, and they can be wrong.
Powered by the ET&A Valuation FrameworkHow Fair Value & Preferred Entry work →
Read the full ET&A methodology →The ET&A View combines our assessment of the business with where today’s price sits against our Preferred Entry and Fair Value. It is a considered judgement, not a mechanical score.
ET&A Score: ET&A's overall assessment of business quality, valuation, growth and risk, out of 10. It weighs business quality, financial strength, growth, valuation, risk, future prospects.
Powered by the ET&A Company Assessment FrameworkSee the full framework →
The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →
Thin margins · Sound · Weak
Context — not part of the score
Valuation and share-price swings describe the shares, not the company, so they are judged in the ET&A Score and View instead.
Based on the factors that could be measured (45% of the model).
Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.
| Area | Based on | Score | Rating |
|---|---|---|---|
| Revenue |
Rated on 3-year average revenue growth, on ET&A's growth scale. | 8.5 / 10 | Excellent |
| Earnings |
Rated on the latest year's earnings growth, on ET&A's growth scale. | 4.6 / 10 | Average |
| Margins |
The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak). | 6.6 / 10 | Good |
| Cash generation |
Free cash flow as a share of sales, on ET&A's cash-generation scale. | 9.1 / 10 | Excellent |
| Balance sheet |
Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale. | 7.3 / 10 | Strong |
| Overall | Average of the 5 rated areas | 7.2 / 10 | Strong |
Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.
| Measure | Excellent | Strong | Good | Average | Below Average | Weak |
|---|---|---|---|---|---|---|
| GrowthStructural Growth (Fundamental Conviction) | 18%+ | 10%+ | 5.0%+ | 1.7%+ | −2.5%+ | below −2.5% |
| Operating marginCompetitive Position (Fundamental Conviction) | 29%+ | 20%+ | 13%+ | 7.5%+ | 0%+ | below 0% (loss) |
| Net marginEarnings Durability (Fundamental Conviction) | 23%+ | 15%+ | 9.8%+ | 6.0%+ | 0%+ | below 0% (loss) |
| Free-cash-flow marginCapital Allocation (Fundamental Conviction) | 15%+ | 8.5%+ | 3.8%+ | 1.3%+ | −2.5%+ | below −2.5% |
| Net debt ÷ EBITDAStructural Risk (Fundamental Conviction) | net cash | ≤ 1.5× | ≤ 2.8× | ≤ 3.6× | ≤ 5.0× | above 5.0× |
| Return on equity (banks & insurers)Bank and insurer quality | 16%+ | 12%+ | 9.0%+ | 6.7%+ | 2.7%+ | below 2.7% |
| Equity ÷ assetsBank capital | 7.5%+ | 6.0%+ | 4.7%+ | 4.0%+ | any | — |
| Dividend yieldIncome factor (ET&A Quant Score) | 5.8%+ | 4.0%+ | 2.5%+ | 1.8%+ | 1.0%+ | below 1.0% |
Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.
No research notes have been published for Uber Technologies Inc yet.
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Africa’s largest consumer markets are often presented as enormous technology opportunities. Uber’s departure from Nigeria is a reminder that population, smartphones and demand are only the beginning. What ultimately matters is whether the economics work.
ET&A Research · 7 September 2026 · 10 min read