Grab vs Lyft
Lyft reported revenue of $6.3 billion in fiscal 2025, 1.9 times Grab's $3.4 billion in fiscal 2025. Grab's revenue grew 20.5% in its latest year, and Lyft's grew 9.2%. Grab had an operating margin of 1.9%, against -3.0% at Lyft.
Side by side
| Grab | Lyft | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.4B | $6.3B |
| Revenue growth | 20.5% | 9.2% |
| Revenue growth a year, last 5 years | 48.4% | 21.7% |
| Gross margin | 43.2% | 41.5% |
| Operating margin | 1.9% | −3.0% |
| Net margin | 8.0% | 45.0% |
| Free cash flow | −$18M | — |
| Free cash flow margin | −0.5% | — |
| Return on capital | 0.9% | −12.3% |
| Net debt to EBITDA | 1.2x | — |
| Dividends and buybacks | $274M | $500M |
| Change in diluted share count | 5.3% | 1.0% |
| Last close | $2.71 | $17.06 |
| P/E at the last close | — | 2.5× |
| Insider trades, last 12 months | bought $30.8 million, sold $11.3 million | bought $199,810, sold $7.4 million |
| Piotroski F-score | 5 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
GrabLyft
Operating margin
Percent of revenue
GrabLyft
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GrabLyft