Uber Technologies Inc (UBER)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,100,000 | -9,322,000 | -988,000 | -6,960,000 | -8,461,000 |
| Revenue | US$ in thousands | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 | 13,000,000 |
| Pretax margin | 5.63% | -29.24% | -5.66% | -62.48% | -65.08% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,100,000K ÷ $37,281,000K
= 5.63%
The pretax margin of Uber Technologies Inc has shown significant variability over the past five years. In 2019 and 2020, the company experienced substantial losses before taxes, with pretax margins of -59.85% and -62.66% respectively. However, the company managed to improve its performance in the following years, achieving positive pretax margins of -6.08% in 2021, -29.23% in 2022, and notably 6.35% in 2023.
The positive pretax margin in 2023 indicates that Uber was able to generate earnings before taxes as a percentage of its total revenue. This improvement from previous years suggests enhanced operational efficiency, cost management, or potentially increased revenue generation. The positive trend in pretax margin demonstrates the company's efforts to enhance profitability and financial performance over the years, despite the challenges faced by the industry and economic conditions.
Peer comparison
Dec 31, 2023