Grab
GRAB Β· Passenger Ground Transportation
$2.79
οΏ½οΏ½Uber
UBER Β· Passenger Ground Transportation
$66.70
3.4%The short version
- Uber is the larger business, with $52.0B of revenue in fiscal 2025 against $3.4B for Grab, about 15 times as much.
- Grab grew revenue faster (20.5%, against 18.3%).
- Uber kept more of each dollar of sales as operating profit (10.7% operating margin, against 1.9% operating margin).
- Uber turned more of its sales into free cash flow (18.8% FCF margin, against β0.5% FCF margin).
- Uber earned a higher return on the capital invested in it (19.7%, against 0.9%).
| Latest fiscal year | GRAB Β· FY25 | UBER Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.7B | $136.7B |
| Revenue | $3.4B | $52.0B |
| Free cash flow | β$18.0M | $9.8B |
| Net income | $268M | $10.1B |
| Growth | ||
| Revenue growth | 20.5% | 18.3% |
| 5-year growth | 48.4% | 36.1% |
| Share count change | 5.3% | β1.4% |
| Profitability | ||
| Gross margin | 43.2% | β |
| Operating margin | 1.9% | 10.7% |
| Net margin | 8.0% | 19.3% |
| FCF margin | β0.5% | 18.8% |
| Return on capital | 0.9% | 19.7% |
| Return on equity | 4.1% | 41.4% |
| Balance sheet | ||
| Net debt | $300M | $3.2B |
| Net debt / EBITDA | 1.2x | 0.5x |
| Dividends and buybacks | $274M | $6.5B |
| Valuation & quality | ||
| P/E | β | 14.6x |
| Piotroski F-score | 5 | 6 |
FY17
GRAB β
UBER $7.9B
FY18
GRAB β
UBER $10.4B
FY19
GRAB β$845M
UBER $13.0B
FY20
GRAB $469M
UBER $11.1B
FY21
GRAB $675M
UBER $17.5B
FY22
GRAB $1.4B
UBER $31.9B
FY23
GRAB $2.4B
UBER $37.3B
FY24
GRAB $2.8B
UBER $44.0B
FY25
GRAB $3.4B
UBER $52.0B
GRAB
UBER
FY17
GRAB β
UBER β51.4%
FY18
GRAB β
UBER β29.1%
FY19
GRAB 356.2%
UBER β66.1%
FY20
GRAB β276.8%
UBER β43.7%
FY21
GRAB β230.4%
UBER β22.0%
FY22
GRAB β95.8%
UBER β5.8%
FY23
GRAB β22.0%
UBER 3.0%
FY24
GRAB β6.0%
UBER 6.4%
FY25
GRAB 1.9%
UBER 10.7%
GRAB
UBER
FY17
GRAB β
UBER β$2.2B
FY18
GRAB β
UBER β$2.1B
FY19
GRAB β
UBER β$4.9B
FY20
GRAB β
UBER β$3.4B
FY21
GRAB β
UBER β$743M
FY22
GRAB β$856M
UBER $390M
FY23
GRAB $15.0M
UBER $3.4B
FY24
GRAB $775M
UBER $6.9B
FY25
GRAB β$18.0M
UBER $9.8B
GRAB
UBER
FY17
GRAB β
UBER β
FY18
GRAB β
UBER β
FY19
GRAB β
UBER β
FY20
GRAB β
UBER β32.0%
FY21
GRAB β
UBER β17.4%
FY22
GRAB β18.8%
UBER β8.5%
FY23
GRAB β7.9%
UBER 6.7%
FY24
GRAB β3.3%
UBER 13.3%
FY25
GRAB 0.9%
UBER 19.7%
GRAB
UBER
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.