SE vs UBER
Sea Ltd. and Uber Technologies, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | SE | UBER |
|---|---|---|
| Revenue | $22.9B | $52.0B |
| Net income | $1.6B | $10.1B |
| Gross margin | 44.7% | 39.8% |
| Net margin | 7.0% | 19.4% |
| Return on equity | 15.1% | 41.4% |
| Diluted EPS | $2.52 | $4.73 |
| Dividend / share | · | $0.00 |
| Payout ratio | · | · |
| Free cash flow | $4.5B | $9.8B |
| Equity | $12.5B | $27.0B |
| Net debt / equity | · | 0.13× |
| Current ratio | 1.58× | 1.14× |
| Revenue CAGR 5y | 39.3% | 36.1% |
| Profit CAGR 5y | · | · |
UBER bills 2.3× the revenue of SE, and keeps more of each dollar of revenue as profit (19.4% against 7.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | SE | UBER |
|---|---|---|
| FY2025 | $22.9B | $52.0B |
| FY2024 | $16.8B | $44.0B |
| FY2023 | $13.1B | $37.3B |
| FY2022 | $12.4B | $31.9B |
| FY2021 | $10.0B | $17.5B |
| FY2020 | $4.4B | $11.1B |
| FY2019 | $2.2B | $13.0B |
| FY2018 | $827.0M | $10.4B |
| FY2017 | $414.2M | $7.9B |
Bottom line
| Fiscal year | SE | UBER |
|---|---|---|
| FY2025 | $1.6B | $10.1B |
| FY2024 | $444.3M | $9.9B |
| FY2023 | $150.7M | $1.9B |
| FY2022 | $-1.7B | $-9.1B |
| FY2021 | $-2.0B | $-496.0M |
| FY2020 | $-1.6B | $-6.8B |
| FY2019 | $-1.5B | $-8.5B |
| FY2018 | $-961.2M | $997.0M |
| FY2017 | $-560.5M | $-4.0B |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$29,078,531,000 | UBER |
| FY2024 | −$27,158,134,000 | UBER |
| FY2023 | −$24,217,440,000 | UBER |
| FY2022 | −$19,427,295,000 | UBER |
| FY2021 | −$7,499,810,000 | UBER |
| FY2020 | −$6,763,336,000 | UBER |
| FY2019 | −$10,824,622,000 | UBER |
| FY2018 | −$9,606,032,000 | UBER |
| FY2017 | −$7,517,810,000 | UBER |
UBER has reported the higher revenue in every one of these 9 fiscal years. The gap has widened since the earliest year compared.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.4 pp | UBER |
| FY2024 | −19.7 pp | UBER |
| FY2023 | −4.5 pp | UBER |
| FY2022 | +15.4 pp | SE |
| FY2021 | −17.3 pp | UBER |
| FY2020 | +23.8 pp | SE |
| FY2019 | −1.5 pp | UBER |
| FY2018 | −125.7 pp | UBER |
| FY2017 | −84.6 pp | UBER |
The higher net margin has changed hands between SE and UBER over this period.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SE's net margin has been more volatile than UBER's over the 9 comparable fiscal years — 49.9 percentage points of standard deviation against 33.1.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between SE and UBER over these 9 fiscal years — SE led in 2 and UBER in 7.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UBER's return on equity has been more volatile than SE's over the 6 comparable fiscal years — 50.6 percentage points of standard deviation against 29.9.
6 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between SE and UBER over these 6 fiscal years — SE led in 1 and UBER in 5.
6 of 7 comparable fiscal years — a year missing data on either side is not counted.