SAP vs UBER: SAP SE ADR and Uber Technologies compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- SAP SE ADR is the larger company, worth $281.5B, about 1.9 times Uber Technologies.
- Uber Technologies grew revenue faster over the last year (+12.2% vs +7.7%).
- SAP SE ADR keeps more of each dollar of revenue as operating profit (26.1% vs 12.1%).
- On earnings, Uber Technologies is the cheaper stock (17.6x vs 33.0x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | SAP | UBER |
|---|---|---|
| Market cap | $281.5B | $144.4B |
| Share price | $214.78 | $71.51 |
| Revenue (last fiscal year) | $36.8B | $52.0B |
| Free cash flow (last fiscal year) | $8.4B | $9.8B |
| Revenue growth, last year | +7.7% | +12.2% |
| Revenue growth per year, last 5 fiscal years | +8.1% | +31.4% |
| Operating margin | 26.1% | 12.1% |
| Net margin | 19.5% | 17.3% |
| Return on equity | 16.1% | 35.1% |
| P/E (trailing) | 33.0x | 17.6x |
| Price / free cash flow | 35.5x | 14.8x |
| EV / EBITDA | 14.7x | 19.4x |
| FCF growth the price implies | — | 1.0% |
| Dividend yield | 1.2% | — |
| Debt / equity | 0.57x | 1.37x |
| Fundamental grade | B | C |
| Superinvestors holding it | 9 | 14 |
| Insider purchases, last 12 months | 0 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
SAP SE ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $27.0B | $5.5B | 23.4% |
| 2022 | $29.5B | $4.8B | 20.0% |
| 2023 | $31.2B | $5.5B | 18.6% |
| 2024 | $34.2B | $4.4B | 13.6% |
| 2025 | $36.8B | $8.4B | 26.1% |
Uber Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $17.5B | -$743M | -22.0% |
| 2022 | $31.9B | $390M | -5.7% |
| 2023 | $37.3B | $3.4B | 3.0% |
| 2024 | $44.0B | $6.9B | 6.4% |
| 2025 | $52.0B | $9.8B | 10.7% |
Where the revenue comes from
SAP SE ADR · by segments, 2019
Applications, Technology & Services$23.5B86%
Intelligent Spend Group$3.2B12%
Qualtrics$508M2%
Uber Technologies · by segments, 2025
Mobility$29.7B57%
Delivery$17.2B33%
Freight$5.1B10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open SAP in InvestinglyQuestions
Which is bigger, SAP SE ADR or Uber Technologies?
SAP SE ADR (SAP), at $281.5B against $144.4B.
Is SAP or UBER cheaper?
By trailing P/E, Uber Technologies (17.6x) is cheaper than SAP SE ADR (33.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, SAP or UBER?
Uber Technologies: revenue grew +12.2% over the last year, against +7.7%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.