Uber Technologies, Inc (UBER)
Industrials · Passenger Ground Transportation · US stock · S&P 500 component
$69.07
▲ +1.45 (2.14%)
Fair valueFair
$79 +14.0% to fair value
$39fair band $67–$95$118
Day's range
$67.33 – $69.15
52-week range
$65.41 – $100.35
About Uber Technologies, Inc
Uber Technologies runs a technology platform that connects people with rides, food and grocery delivery, and freight services. Riders and diners use its app to order from drivers, couriers and merchants, who are mostly independent contractors. The company earns revenue by charging fees or commissions on each transaction, along with advertising income. It operates in many countries, and local regulation shapes how its services work.
Revenue has grown 17.7% a year over three years, leaving the last twelve months at $55.2 billion. Operating margin is 12.1%. Return on invested capital comes to 17%. On leverage, net debt to EBITDA is 1.0 times. It does not pay a dividend. This gives an X-Ray Score of 61 out of 100. These numbers describe past results and current financial position, and they are shown for reference only.
Price chart
52-wk range $65.41 – $100.35Volume 19,311,078Daily, split-adjusted
Vitals
Market cap$141.6B
52-week range$65.41 – $100.35
Volume (last day)19,311,078
P/E (TTM)15.1
EBIT / EV yield4.5%
Free-cash-flow yield7.1%
Dividend yieldNo dividend
Revenue (TTM)$55.2B
Net income (TTM)$9.6B
Operating margin12.1%
Return on capital17.4%
Debt incl. leases$12.7B
Cash & securities$5.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$79middle half of models $68 – $97
Fair
+14.0% to fair value
Average of the 13 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $69
Undervalued < $67Fair $67 – $95Overvalued > $95
P/E multiple
$71
P/B multiple
$89
P/S multiple
$68
EV/EBITDA multiple
$80
EV/EBIT multiple
$104
EV/revenue multiple
$69
10-year DCF, EBITDA exit
$97
5-year DCF, EBITDA exit
$100
10-year DCF, revenue exit
$97
5-year DCF, revenue exit
$94
10-year DCF, growth exit
$62
5-year DCF, growth exit
$58
Earnings power value
$33
Growth the price implies
11.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
78/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.5%
Free-cash-flow yield7.1%
Fair value vs price1.1×
Growth
Strong
91/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)17.7%
Growth consistency100%
Profitability
Weak
33/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital17.4%
Operating margin12.1%
Financial health
Weak
47/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA1.0×
Interest cover14.5×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+13.8%
Mar '25
+18.2%
Jun '25
+20.4%
Sep '25
+20.1%
Dec '25
+14.5%
Mar '26
+12.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $14.2B, diluted EPS $1.17.
SWOT analysis: Uber Technologies, Inc
Strengthsinside the company
- Return on invested capital is 17.4%, against a median of 14.9% for sector peers.
- Revenue has grown 17.7% a year over three years (median 5.6% for sector peers).
- Free cash flow equals 7.1% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 15x, so debt costs are a small drag.
Weaknessesinside the company
- Altman Z-score of 0.8 is in the zone linked with financial distress in past studies.
Opportunitiesvaluation and setting
- Trades at 14.8x earnings, 50% below the 29.3x median of sector peers.
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- The price trend is down on the daily and weekly signals.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare UBER with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.
| Metric | UBER | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 61 | 50 | 50 |
| Valuation | 78 | 44 | 44 |
| Growth | 91 | 50 | 50 |
| Profitability | 33 | 51 | 51 |
| Financial health | 47 | 49 | 49 |
| Dividends | – | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
UBER ranks #13 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for UBER
Each factor is rated by where UBER stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 11 Good · 6 Average · 3 Bad of 20
Growth: 2 · 0 · 0
Profitability: 2 · 2 · 0
Financial strength: 2 · 1 · 1
Valuation: 2 · 3 · 0
Cash flow: 2 · 0 · 2
Efficiency: 1 · 0 · 0
| Factor | UBER | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +17.7% | Good beats 92% | +5.6% | – | – |
| Revenue growth, last year | +18.3% | Good beats 92% | +4.5% | +18.3% | ≈ In line |
| Profitability | |||||
| Operating margin | 12.1% | Average beats 39% | 17.5% | 3.0% | ▲ Better |
| Net margin | 17.3% | Good beats 76% | 12.8% | 5.1% | ▲ Better |
| Return on invested capital | 17.4% | Average beats 57% | 14.9% | – | – |
| Return on equity | 35.1% | Good beats 71% | 23.7% | 16.8% | ▲ Better |
| Financial strength | |||||
| Net debt / EBITDA | 1.0x | Good beats 74% | 1.8x | 0.7x | ≈ In line |
| Interest cover | 14.5x | Average beats 44% | 21.4x | 1.8x | ▲ Better |
| Current ratio | 0.84 | Bad beats 15% | 1.25 | 1.07 | ▼ Worse |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 14.8x | Good beats 93% | 28.9x | 17.2x | ▲ Better |
| Price / book | 5.2x | Average beats 59% | 6.2x | 6.4x | ▲ Better |
| Price / sales | 2.6x | Average beats 61% | 3.5x | 3.3x | ▲ Better |
| EV / EBITDA | 20.0x | Average beats 41% | 18.5x | 37.7x | ▲ Better |
| Free cash flow yield | 7.1% | Good beats 93% | 3.8% | 2.6% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 18.3% | Good beats 75% | 13.8% | 9.0% | ▲ Better |
| Cash from operations / net income | 1.09 | Bad beats 15% | 1.39 | 1.00 | ≈ In line |
| Free cash flow growth, 3 years a year | +192.5% | Good beats 99% | +14.5% | – | – |
| Accruals (lower is better) | −1.3% | Bad beats 20% | −3.2% | – | – |
| Efficiency | |||||
| Days sales outstanding | 28 days | Good beats 85% | 57 days | 32 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 7 Good · ● 4 Average · ● 3 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreGood
Growth
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 61/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| Operating income | −$3.8B | −$1.8B | $1.1B | $2.8B | $5.6B |
| Net income | −$496M | −$9.1B | $1.9B | $9.9B | $10.1B |
| Operating cash flow | −$445M | $642M | $3.6B | $7.1B | $10.1B |
| Operating margin | -22.0% | -5.7% | 3.0% | 6.4% | 10.7% |
| Free cash flow | −$743M | $390M | $3.4B | $6.9B | $9.8B |
| Diluted EPS | $-0.29 | $-4.65 | $0.87 | $4.56 | $4.73 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
0 bullish · 4 neutral · 12 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 70.08 | Bearish |
| EMA 10 | 69.48 | Bearish |
| SMA 20 | 69.49 | Bearish |
| EMA 20 | 69.92 | Bearish |
| SMA 50 | 72.48 | Bearish |
| EMA 50 | 71.19 | Bearish |
| SMA 100 | 72.28 | Bearish |
| EMA 100 | 72.43 | Bearish |
| SMA 200 | 73.93 | Bearish |
| EMA 200 | 74.72 | Bearish |
Oscillators (daily)
| RSI (14) | 45.47 | Neutral |
| MACD (12, 26) | -0.66 | Bearish |
| Momentum (12) | -0.01 | Bearish |
| Stochastic %K (14) | 36.63 | Neutral |
| Williams %R (14) | -63.37 | Neutral |
| CCI (20) | -73.19 | Neutral |
Pivot points (classic, last session)
S3 66.07 | S2 66.70 | S1 67.89 | Pivot 68.52 | R1 69.70 | R2 70.33 | R3 71.51 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold UBER
| ETF | Share of the fund |
|---|---|
| IYT iShares Transportation Average | 14.35% |
| VFLO VictoryShares Free Cash Flow | 2.67% |
| XLI Industrial Select Sector SPDR | 2.55% |
| VIS Vanguard Industrials | 1.97% |
| COWZ Pacer US Cash Cows 100 | 1.90% |
| FIDU Fidelity MSCI Industrials Index | 1.78% |
| XNTK SPDR Morgan Stanley Technology | 1.72% |
| QLTY GMO U.S. Quality | 1.22% |
The eight funds with the largest weight in UBER among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
UBER SEC filings
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Entered a material agreement
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Entered a material agreement; Regulation FD disclosure
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.