Uber Technologies Inc (UBER)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,125,000 | 2,321,000 | -9,426,000 | -1,025,000 | -6,946,000 |
| Revenue | US$ in thousands | 43,978,000 | 37,281,000 | 31,877,000 | 17,455,000 | 11,139,000 |
| Pretax margin | 9.38% | 6.23% | -29.57% | -5.87% | -62.36% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $4,125,000K ÷ $43,978,000K
= 9.38%
The pretax margin of Uber Technologies Inc has shown a significant improvement over the years, based on the provided data. In December 31, 2020, the pretax margin was at a low of -62.36%, indicating that the company was incurring significant losses before considering taxes.
By December 31, 2021, there was a notable improvement as the pretax margin increased to -5.87%, showing that Uber was able to reduce its pretax losses. Subsequently, in December 31, 2022, the pretax margin declined to -29.57%, indicating some setback in the company's profitability.
However, in the following years, there was a positive trend in the pretax margin. By December 31, 2023, Uber achieved a pretax margin of 6.23%, indicating that the company started generating profits before taxes. This positive trend continued into December 31, 2024, with a pretax margin of 9.38%, further demonstrating the improved profitability of Uber Technologies Inc.
Overall, the trend in Uber's pretax margin shows a gradual improvement from significant losses to positive profitability over the years, reflecting the company's efforts to enhance operational efficiency and financial performance.
Peer comparison
Dec 31, 2024