Uber Technologies Inc (UBER)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,110,000 | -1,832,000 | -3,834,000 | -4,863,000 | -8,596,000 |
| Revenue | US$ in thousands | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 | 13,000,000 |
| Operating profit margin | 2.98% | -5.75% | -21.97% | -43.66% | -66.12% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,110,000K ÷ $37,281,000K
= 2.98%
The operating profit margin of Uber Technologies Inc has shown a significant improvement over the past five years. The company's operating profit margin was -60.76% in 2019, indicating that Uber was operating at a significant loss. However, there has been a consistent upward trend in the operating profit margin since then, with the margin improving to -43.66% in 2020, -21.97% in 2021, -5.75% in 2022, and finally reaching 2.98% in 2023.
This improvement in operating profit margin reflects the company's efforts to enhance operational efficiency and control costs, leading to a more sustainable business model. Achieving a positive operating profit margin in 2023 suggests that Uber is now generating profits from its core operations, which is a positive sign for investors and stakeholders. Continued focus on improving operational efficiency and managing costs will be critical for Uber to maintain and further increase its operating profit margin in the future.
Peer comparison
Dec 31, 2023