Aureus
AExcellent

Uber Technologies, Inc.(UBER)

A

Financial data as of Dec 31, 2025Improving · Industrials

FCF Margin15.3%Free Cash Flow / Revenue
Cash Conversion100.5%Operating CF / Net Income
Free Cash Flow$9.8B
Revenue$52.0B
Net Cash-$5.0BNet debt position
Debt / FCF1.5xManageable debt load
Current Ratio1.14Adequate short-term liquidity
YoY FCF Growth+83.1%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (15.3%, 1.5x; 1.2x sector-adjusted)
→
+1Strong YoY FCF growth (83.1% YoY)
→
+1Very low debt-to-FCF ratio (1.5x; 1.2x sector-adjusted)
→
+0.5Highly consistent quarterly FCF
→
+0.25Solid revenue growth (20.1% YoY)
→
FinalA

Analysis Summary

Strengths

  • Strong FCF margin (15.3%)
  • Excellent cash conversion (100%)
  • Very low debt relative to cash flow (1.5x)
  • Strong YoY FCF growth (+83.1%)
  • Highly consistent quarterly FCF
  • Strong revenue growth (20.1% YoY)

Concerns

  • Net debt position ($5.0B) — 1.5x FCF, manageable
SBC-adjusted FCF used — $1.8B stock-based compensation (19% of reported FCF) subtracted

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin15.3%
Net Margin19.3%
Operating CF Margin19.4%
CapEx Ratio0.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$5.0BNet debt position
Debt / FCF1.5xManageable debt load
Current Ratio1.14Adequate liquidity
Debt / Equity0.45Low leverage

Quarterly FCF Trend

+83.1% YoYImproving (+83.1%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameUber Technologies, Inc.
SectorIndustrials
Free Cash Flow$9.8B
Revenue$52.0B
Net Income$10.1B
Operating Cash Flow$10.1B
Capital Expenditure$336.0M
FCF Margin15.3%
Cash Conversion Rate100.5%
Net Margin19.3%
Total Debt$12.1B
Total Cash$7.1B
Net Cash-$5.0B
Current Ratio1.14
Debt / Equity0.45
Debt / FCF1.5x
YoY FCF Growth+83.1%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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