Uber Technologies Inc (UBER)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,887,000 | -9,141,000 | -496,000 | -6,768,000 | -8,506,000 |
| Revenue | US$ in thousands | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 | 13,000,000 |
| Net profit margin | 5.06% | -28.68% | -2.84% | -60.76% | -65.43% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,887,000K ÷ $37,281,000K
= 5.06%
The net profit margin of Uber Technologies Inc has shown fluctuations in recent years. In 2023, the net profit margin improved to 5.06% from a significant decline of -28.68% in 2022. However, the company still maintained a positive net profit margin in 2023, indicating that it generated a profit of 5.06 cents for every dollar of revenue earned. This improvement suggests that Uber has been able to control its costs more effectively and increase profitability compared to the previous year. It is essential for investors to continue monitoring Uber's financial performance to assess its ability to sustain and potentially enhance its profitability in the future.
Peer comparison
Dec 31, 2023