Uber
UBER NYSE Passenger Ground Transportation 金融 FY2017–FY2025
Uber's revenue rose 18.3% to $52.0 billion in fiscal 2025. Its operating margin was 10.7%, up from 6.4% a year earlier. Free cash flow was $9.8 billion, up 41.6%. It paid out $6.5 billion in dividends and buybacks, 67% of free cash flow. The diluted share count fell 1.4%.
Uber 的业务
Uber runs apps that connect people who need a ride with independent drivers, and people who want food, groceries or other goods with restaurants, stores and couriers who deliver them. It also links businesses that need to ship freight with trucking companies. Its apps work in more than 15,000 cities in over 70 countries, mainly in the United States and Canada, Latin America, Europe, the Middle East, Africa and parts of Asia.
Uber reports three segments. Mobility covers rides, as well as car rentals, scooters, taxis and public transit booking; Delivery covers Uber Eats and grocery and retail delivery; together they brought in revenue of $46.9 billion in 2025. Freight, its trucking marketplace, is mainly in North America and Europe. Uber keeps a share of what riders and eaters pay, and also earns from advertising in its apps and from Uber One, a paid membership with discounts and perks that had 46 million members at the end of 2025. Uber names Lyft, Bolt, Didi and Ola as ride-hailing competitors, DoorDash, Instacart and Amazon in delivery, and C.H. Robinson and XPO in freight, and says self-driving car makers such as Waymo, Zoox and Tesla compete or may compete with it.
Uber had about 34,000 employees at the end of 2025, about 20,300 of them outside the United States. Its drivers and couriers are independent workers, not employees.
- 法定名称
- Uber Technologies, Inc
- 财年结束日
- 2025年12月31日
- 最新年报
- 10-K · 2026年2月13日
- 登记号 · CIK
- 0001543151-26-000015
0001543151
营收与利润率
Uber 在 2025 财年 营收为 $52.0B，同比增长 18.3%。
净利润与每股收益
亏损期间以红色显示。
资本回报率
税后营业利润占投入业务资金(债务加股东权益减现金)的比例。
现金流
2025 财年 的自由现金流为 $9.8B，占营收的 18.8%。 经营现金流减资本支出。
股息、回购与股数
Uber 在 2025 财年 向股东返还 $6.5B，占自由现金流的 67%。 稀释股数减少 1.4%。
自己评估 Uber
调整假设，查看对应的每股价值。这些是模型，不是预测或目标价，结果完全取决于你的输入。
现金流折现
每股价值
—
加上净现金 −$3.2B，再除以 2,119.7M 稀释股数。十年现金流加终值，折现至今天。
盈利倍数
每股价值
—
参考倍数：当前 14.6x · 同业 13.4x · 板块 26.0x。
资产负债表
现金、债务以及显示 Uber 承担债务能力的指标。
| 财年末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 现金及短期投资 | $4.3B | $4.3B | $5.4B | $7.0B | $7.6B |
| 债务(含融资租赁) | $9.6B | $9.8B | $10.0B | $9.9B | $10.8B |
| 净债务 / EBITDA | — | — | 2.4x | 0.8x | 0.5x |
| 债务 / 股东权益 | 0.7x | 1.3x | 0.9x | 0.5x | 0.4x |
| 利息保障倍数 | −7.9x | −3.2x | 1.8x | 5.4x | 12.7x |
| 流动比率 | 1.0x | 1.0x | 1.2x | 1.1x | 1.1x |
| 速动比率 | 1.0x | 1.0x | 1.2x | 1.1x | 1.1x |
| 总资产 | $38.8B | $32.1B | $38.7B | $51.2B | $61.8B |
| 总负债 | $23.4B | $23.6B | $26.0B | $28.8B | $33.7B |
| 股东权益 | $14.5B | $7.3B | $11.2B | $21.6B | $27.0B |
| 净债务 (− = 净现金) | $5.3B | $5.4B | $4.6B | $2.9B | $3.2B |
内部人交易
高管、董事和持股超过 10% 的股东在公开市场的买卖，数据来自 Form 4 申报。“计划”表示依据事先制定的 Rule 10b5-1 计划进行的交易。
买入(12 个月)
$16.9M
3 名内部人士
卖出(12 个月)
$5.6M
4 名内部人士
卖出中按计划执行的比例
14%
$0.8M
| 日期 | 内部人士 | 交易 | 股数 | 股价 | 金额 | 文件 |
|---|---|---|---|---|---|---|
| 2026年9月11日 | Jill HazelbakerSee Remarks | 卖出 | 28,170 | $71.31 | $2.0M | Form 4 |
| 2026年9月10日 | Dara KhosrowshahiChief Executive Officer, Director | 买入 | 141,000 | $70.96 | $10.0M | Form 4 |
| 2026年9月4日 | Andrew MacdonaldSee Remarks | 买入 | 70,000 | $75.83 | $5.3M | Form 4 |
| 2026年3月16日 | Nikki KrishnamurthySVP and Chief People Officer | 卖出 | 30,000 | $74.45 | $2.2M | Form 4 |
| 2026年2月24日 | Balaji (A) KrishnamurthyChief Financial Officer | 买入 | 22,453 | $71.25 | $1.6M | Form 4 |
| 2026年1月20日 | Tony WestSee Remarks | 卖出 计划 | 3,125 | $83.50 | $0.3M | Form 4 |
| 2025年12月18日 | Tony WestSee Remarks | 卖出 计划 | 3,125 | $80.36 | $0.3M | Form 4 |
| 2025年11月18日 | Tony WestSee Remarks | 卖出 计划 | 3,125 | $92.10 | $0.3M | Form 4 |
| 2025年11月12日 | Prashanth Mahendra-RajahCFO | 卖出 | 5,500 | $94.41 | $0.5M | Form 4 |
Piotroski F 分数
关于盈利能力、融资和效率的九项通过/未通过测试。8–9 为强，0–2 为弱。
| 测试项 | FY23 | FY24 | FY25 |
|---|---|---|---|
| 净利润为正 | ✓ | ✓ | ✓ |
| 经营现金流为正 | ✓ | ✓ | ✓ |
| 资产回报率上升 | ✓ | ✓ | ✕ |
| 经营现金流高于净利润 | ✓ | ✕ | ✓ |
| 债务相对资产下降 | ✕ | ✓ | ✓ |
| 流动比率上升 | ✓ | ✕ | ✓ |
| 股数未增加 | ✕ | ✕ | ✓ |
| 毛利率上升 | — | — | — |
| 营收相对资产上升 | ✓ | ✕ | ✕ |
| F 分数 | 6 / 8 | 4 / 8 | 6 / 8 |
| 应计比率 | −4.8% | 6.1% | −0.1% |
| Altman Z'' | −1.59 | −0.04 | 1.09 |
相似公司
各公司最近一个财年的数据。各公司财年结束月份不同，因此期间并不完全一致。
| 公司 | 市值 | 增长 | 营业利润率 | 自由现金流利润率 | ROIC | 市盈率 | F 分数 | |
|---|---|---|---|---|---|---|---|---|
| Uber UBER | $136.7B | 18.3% | 10.7% | 18.8% | 19.7% | 14.6x | 6 | |
| FedEx FDX | $71.4B | 7.7% | 5.8% | 5.4% | 9.4% | — | 7 | 比较 → |
| PayPal PYPL | $52.5B | 4.3% | 18.3% | 16.8% | 25.7% | 10.7x | 7 | 比较 → |
9 年数据
金额单位为 USD。将鼠标悬停在指标名称上可查看定义。
| 财年 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| 利润表 | |||||||||
| 营收 | $7.9B | $10.4B | $13.0B | $11.1B | $17.5B | $31.9B | $37.3B | $44.0B | $52.0B |
| 研发支出 | $1.2B | $1.5B | $4.8B | $2.2B | $2.1B | $2.8B | $3.2B | $3.1B | $3.4B |
| 营业利润 | −$4.1B | −$3.0B | −$8.6B | −$4.9B | −$3.8B | −$1.8B | $1.1B | $2.8B | $5.6B |
| 利息支出 | $479M | $648M | $559M | $458M | $483M | $565M | $633M | $523M | $440M |
| 税前利润 | −$4.6B | $1.3B | −$8.4B | −$6.9B | −$1.0B | −$9.4B | $2.3B | $4.1B | $5.8B |
| 所得税 | −$542M | $283M | $45.0M | −$192M | −$492M | −$181M | $213M | −$5.8B | −$4.3B |
| 净利润 | −$4.0B | $997M | −$8.5B | −$6.8B | −$496M | −$9.1B | $1.9B | $9.9B | $10.1B |
| 稀释每股收益 | −$9.46 | $0.00 | −$6.81 | −$3.86 | −$0.29 | −$4.65 | $0.87 | $4.56 | $4.73 |
| 稀释股数 | 0.43B | 0.48B | 1.25B | 1.75B | 1.90B | 1.97B | 2.09B | 2.15B | 2.12B |
| 现金流 | |||||||||
| 经营现金流 | −$1.4B | −$1.5B | −$4.3B | −$2.7B | −$445M | $642M | $3.6B | $7.1B | $10.1B |
| 资本支出 | $821M | $558M | $588M | $616M | $298M | $252M | $223M | $242M | $336M |
| 自由现金流 | −$2.2B | −$2.1B | −$4.9B | −$3.4B | −$743M | $390M | $3.4B | $6.9B | $9.8B |
| 折旧与摊销 | $510M | $426M | $472M | $575M | $902M | $947M | $823M | $711M | $719M |
| 股权激励 | $124M | $170M | $4.6B | $827M | $1.2B | $1.8B | $1.9B | $1.8B | $1.8B |
| 收购 | $0.0M | $64.0M | $7.0M | $1.5B | $2.3B | $59.0M | $0.0M | $0.0M | $815M |
| 股票回购 | $131M | $10.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $1.3B | $6.5B |
| 已付股息 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 股息与回购 | $131M | $10.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $1.3B | $6.5B |
| 资产负债表 | |||||||||
| 现金及短期投资 | $4.4B | $6.4B | $11.3B | $6.8B | $4.3B | $4.3B | $5.4B | $7.0B | $7.6B |
| 总债务 | — | $6.9B | $5.8B | $7.9B | $9.4B | $9.4B | $9.6B | $9.6B | $10.6B |
| 融资租赁负债 | $0.0M | $0.0M | $308M | $297M | $234M | $399M | $478M | $310M | $222M |
| 流动资产 | — | $8.7B | $13.9B | $9.9B | $8.8B | $9.2B | $11.3B | $12.2B | $14.0B |
| 流动负债 | — | $4.3B | $5.6B | $6.9B | $9.0B | $8.9B | $9.5B | $11.5B | $12.3B |
| 存货 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 固定资产净额 | — | $1.6B | $1.7B | $1.8B | $1.9B | $2.1B | $2.1B | $2.0B | $1.9B |
| 总资产 | — | $24.0B | $31.8B | $33.3B | $38.8B | $32.1B | $38.7B | $51.2B | $61.8B |
| 总负债 | — | $17.2B | $16.6B | $19.5B | $23.4B | $23.6B | $26.0B | $28.8B | $33.7B |
| 股东权益 | −$8.6B | −$7.4B | $14.2B | $12.3B | $14.5B | $7.3B | $11.2B | $21.6B | $27.0B |
| 利润率 | |||||||||
| 营业利润率 | −51.4% | −29.1% | −66.1% | −43.7% | −22.0% | −5.8% | 3.0% | 6.4% | 10.7% |
| EBITDA 利润率 | −45.0% | −25.0% | −62.5% | −38.5% | −16.8% | −2.8% | 5.2% | 8.0% | 12.1% |
| 净利率 | −50.8% | 9.6% | −65.4% | −60.8% | −2.8% | −28.7% | 5.1% | 22.4% | 19.3% |
| 自由现金流利润率 | −28.2% | −20.1% | −37.8% | −30.2% | −4.3% | 1.2% | 9.0% | 15.7% | 18.8% |
| 回报率 | |||||||||
| 资本回报率 | — | — | — | −32.0% | −17.4% | −8.5% | 6.7% | 13.3% | 19.7% |
| 已动用资本回报率 | — | — | −37.5% | −18.5% | −13.7% | −6.9% | 4.2% | 8.1% | 12.5% |
| 股本回报率 | — | — | −250.0% | −51.2% | −3.7% | −83.9% | 20.3% | 60.1% | 41.4% |
| 资产回报率 | — | — | −30.5% | −20.8% | −1.4% | −25.8% | 5.3% | 21.9% | 17.8% |
| 增长 | |||||||||
| 营收增长 | — | 31.5% | 24.6% | −14.3% | 56.7% | 82.6% | 17.0% | 18.0% | 18.3% |
| 净利润增长 | — | — | −953.2% | — | — | — | — | 422.3% | 2.0% |
| 每股收益增长 | — | — | — | — | — | — | — | 424.1% | 3.7% |
| 自由现金流增长 | — | — | — | — | — | — | 762.1% | 105.1% | 41.6% |
| 股数变化 | — | 12.4% | 160.6% | 40.4% | 8.1% | 4.2% | 5.9% | 2.8% | −1.4% |
| 财务健康 | |||||||||
| 净债务 / EBITDA | — | — | — | — | — | — | 2.4x | 0.8x | 0.5x |
| 债务 / 股东权益 | — | — | 0.4x | 0.7x | 0.7x | 1.3x | 0.9x | 0.5x | 0.4x |
| 利息保障倍数 | −8.5x | −4.7x | −15.4x | −10.6x | −7.9x | −3.2x | 1.8x | 5.4x | 12.7x |
| 流动比率 | — | 2.0x | 2.5x | 1.4x | 1.0x | 1.0x | 1.2x | 1.1x | 1.1x |
| 速动比率 | — | 2.0x | 2.5x | 1.4x | 1.0x | 1.0x | 1.2x | 1.1x | 1.1x |
| 资本配置 | |||||||||
| 资本支出 / 营收 | 10.4% | 5.4% | 4.5% | 5.5% | 1.7% | 0.8% | 0.6% | 0.6% | 0.7% |
| 股权激励 / 营收 | 1.6% | 1.6% | 35.4% | 7.4% | 6.7% | 5.6% | 5.2% | 4.1% | 3.5% |
| 股东回报 / 自由现金流 | — | — | — | — | — | 0.0% | 0.0% | 18.2% | 66.8% |
| 质量评分 | |||||||||
| Piotroski F 分数 | — | — | — | 2.0 | 3.0 | 4.0 | 6.0 | 4.0 | 6.0 |
| Altman Z'' | — | −1.2 | −0.8 | −2.0 | −2.0 | −3.3 | −1.6 | −0.0 | 1.1 |
| 应计比率 | — | — | −15.0% | −12.4% | −0.1% | −27.6% | −4.8% | 6.1% | −0.1% |
来源：SEC EDGAR XBRL 文件 (CIK 0001543151). 数据更新于 2026年10月9日。 第四季度数据为全年减去前九个月。 仅供参考，不构成投资建议。依赖任何数字前，请核对原始文件。