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Grab Holdings Limited (GRAB) 10-Year Financial Performance & Capital Metrics

GRAB • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsDigital Banking Platforms
AboutGrab Holdings Limited provides superapps that allows access to mobility, delivery, financial services, and enterprise offerings through its mobile application in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company is headquartered in Singapore.Show more
  • Revenue $2.8B +18.6%
  • EBITDA -$21M +94.4%
  • Net Income -$105M +75.8%
  • EPS (Diluted) -0.03 +76.1%
  • Gross Margin 41.97% +15.1%
  • EBITDA Margin -0.75% +95.3%
  • Operating Margin -6.01% +72.7%
  • Net Margin -3.75% +79.6%
  • ROE -1.64% +75.2%
  • ROIC -3.2% +58.1%
  • Debt/Equity 0.06 -53.3%
  • Interest Coverage -4.10 +21.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓FCF machine: 27.7% free cash flow margin

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y60.62%
TTM20.22%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM278.26%

EPS CAGR

10Y-
5Y-
3Y-
TTM223.81%

ROCE

10Y Avg-24.27%
5Y Avg-14.93%
3Y Avg-8.07%
Latest-2.4%

Peer Comparison

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Sector-Specific
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GWREGuidewire Software, Inc.15.26B179.50221.6022.64%7.23%6%1.93%0.49
DAVEDave Inc.2.58B211.7250.5333.96%29.87%50.37%4.84%0.41
INTUIntuit Inc.168.43B605.2844.2815.63%21.19%21.31%3.61%0.34
CCBCoastal Financial Corporation1.67B110.3933.9730.92%7.84%10.04%14.97%0.12
SPNSSapiens International Corporation N.V.2.43B43.4533.685.4%11.4%12.2%2.97%0.13
SSNCSS&C Technologies Holdings, Inc.20.7B84.8128.276.89%13.86%12.2%6.41%1.09
TBBKThe Bancorp, Inc.3.05B69.4716.1916.11%30.63%29.28%7.3%0.16
CWANClearwater Analytics Holdings, Inc.6.96B24.1114.3522.72%61.25%19.6%0.99%0.07

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+-845M469M675M1.43B2.36B2.8B
Revenue Growth %-1.56%0.44%1.12%0.65%0.19%
Cost of Goods Sold+1.32B963M1.07B1.36B1.5B1.62B
COGS % of Revenue-1.56%2.05%1.59%0.95%0.64%0.58%
Gross Profit+-2.17B-494M-395M77M860M1.17B
Gross Margin %2.56%-1.05%-0.59%0.05%0.36%0.42%
Gross Profit Growth %-0.77%0.2%1.19%10.17%0.37%
Operating Expenses+845M804M1.16B1.45B1.38B1.34B
OpEx % of Revenue-1%1.71%1.72%1.01%0.58%0.48%
Selling, General & Admin542M477M785M924M843M836M
SG&A % of Revenue-0.64%1.02%1.16%0.64%0.36%0.3%
Research & Development231M257M356M465M421M410M
R&D % of Revenue-0.27%0.55%0.53%0.32%0.18%0.15%
Other Operating Expenses72M70M19M61M115M96M
Operating Income+-3.01B-1.3B-1.55B-1.37B-519M-168M
Operating Margin %3.56%-2.77%-2.3%-0.96%-0.22%-0.06%
Operating Income Growth %-0.57%-0.2%0.12%0.62%0.68%
EBITDA+-2.36B-911M-1.21B-1.22B-374M-21M
EBITDA Margin %2.8%-1.94%-1.79%-0.85%-0.16%-0.01%
EBITDA Growth %-0.61%-0.33%-0.01%0.69%0.94%
D&A (Non-Cash Add-back)647M387M345M150M145M147M
EBIT-2.93B-1.31B-1.85B-1.57B-367M-154M
Net Interest Income+-977M-1.44B-1.68B-58M98M146M
Interest Income76M53M26M107M197M187M
Interest Expense1.05B1.49B1.7B165M99M41M
Other Income/Expense-971M-1.45B-2B-361M53M73M
Pretax Income+-3.98B-2.74B-3.55B-1.73B-466M-95M
Pretax Margin %4.71%-5.85%-5.26%-1.21%-0.2%-0.03%
Income Tax+7M2M3M6M19M63M
Effective Tax Rate %0.94%0.95%0.97%0.97%0.93%1.11%
Net Income+-3.75B-2.61B-3.45B-1.68B-434M-105M
Net Margin %4.43%-5.56%-5.11%-1.17%-0.18%-0.04%
Net Income Growth %-0.3%-0.32%0.51%0.74%0.76%
Net Income (Continuing)-3.99B-2.75B-3.56B-1.74B-485M-158M
Discontinued Operations000000
Minority Interest67M105M286M54M19M-48M
EPS (Diluted)+-0.95-0.66-0.92-0.44-0.11-0.03
EPS Growth %-0.31%-0.39%0.52%0.75%0.76%
EPS (Basic)-0.95-0.66-0.92-0.44-0.11-0.03
Diluted Shares Outstanding3.95B3.95B3.74B3.81B3.89B4B
Basic Shares Outstanding3.95B3.95B3.74B3.81B3.89B4B
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+3.14B3.75B8.68B5.69B5.77B6.57B
Cash & Short-Term Investments2.79B3.3B8.08B5.09B5.04B5.63B
Cash Only1.51B2B4.84B1.95B3.14B2.96B
Short-Term Investments1.28B1.3B3.24B3.13B1.91B2.67B
Accounts Receivable69M184M288M406M486M649M
Days Sales Outstanding-29.8143.2155.73103.4175.284.69
Inventory5M3M4M48M49M59M
Days Inventory Outstanding1.381.141.3612.9211.9313.27
Other Current Assets205M197M176M24M27M95M
Total Non-Current Assets+1.88B1.69B2.5B3.48B3.02B2.73B
Property, Plant & Equipment534M384M441M492M512M567M
Fixed Asset Turnover-1.58x1.22x1.53x2.91x4.61x4.93x
Goodwill681M656M647M807M807M845M
Intangible Assets499M257M28M97M109M130M
Long-Term Investments165M386M1.25B1.85B1.29B896M
Other Non-Current Assets5M4M127M217M250M224M
Total Assets+5.02B5.44B11.18B9.17B8.79B9.29B
Asset Turnover-0.17x0.09x0.06x0.16x0.27x0.30x
Asset Growth %-0.08%1.05%-0.18%-0.04%0.06%
Total Current Liabilities+783M836M1.03B1.1B1.48B2.59B
Accounts Payable99M109M167M189M185M208M
Days Payables Outstanding27.3841.3156.9750.8745.0546.78
Short-Term Debt133M121M122M83M87M90M
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities216M35M35M38M39M139M
Current Ratio4.01x4.49x8.46x5.19x3.90x2.53x
Quick Ratio4.00x4.49x8.45x5.14x3.87x2.51x
Cash Conversion Cycle-55.8103.02100.1365.4642.0851.18
Total Non-Current Liabilities+8.46B10.9B2.13B1.42B846M352M
Long-Term Debt8.42B91M1.93B1.1B544M116M
Capital Lease Obligations21M20M101M152M124M125M
Deferred Tax Liabilities01M3M18M20M25M
Other Non-Current Liabilities25M10.79B99M150M158M86M
Total Liabilities9.25B11.74B3.16B2.51B2.32B2.94B
Total Debt+8.6B251M2.17B1.36B793M364M
Net Debt7.09B-1.75B-2.66B-587M-2.35B-2.6B
Debt / Equity--0.27x0.21x0.12x0.06x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-2.86x-0.87x-0.91x-8.32x-5.24x-4.10x
Total Equity+-4.22B-6.29B8.02B6.66B6.47B6.35B
Equity Growth %--0.49%2.27%-0.17%-0.03%-0.02%
Book Value per Share-1.07-1.592.141.751.661.59
Total Shareholders' Equity-4.29B-6.4B7.73B6.6B6.45B6.4B
Common Stock00022.28B00
Retained Earnings-7.98B-10.49B-14.4B-16.28B-16.76B-17.35B
Treasury Stock000000
Accumulated OCI3.61B3.95B606M86M70M-195M
Minority Interest67M105M286M54M19M-48M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.11B-643M-954M-798M86M852M
Operating CF Margin %2.5%-1.37%-1.41%-0.56%0.04%0.3%
Operating CF Growth %-0.7%-0.48%0.16%1.11%8.91%
Net Income-3.98B-2.74B-3.45B-1.68B-434M-105M
Depreciation & Amortization647M387M345M150M145M147M
Stock-Based Compensation34M54M357M412M304M279M
Deferred Taxes0147M0000
Other Non-Cash Items1.08B1.44B2.07B474M-75M88M
Working Capital Changes108M75M-281M-151M146M443M
Change in Receivables-75M-42M-94M-50M-11M-97M
Change in Inventory2M2M-1M6M-1M-9M
Change in Payables042M0000
Cash from Investing+393M-318M-2.76B-1.06B1.87B-231M
Capital Expenditures-98M-40M-73M-58M-71M-77M
CapEx % of Revenue-0.12%0.09%0.11%0.04%0.03%0.03%
Acquisitions------
Investments------
Other Investing523M-275M-2.68B-836M1.94B-131M
Cash from Financing+1.95B1.58B6.57B-1.12B-770M-771M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-217M-12M4.79B-177M-82M16M
Net Change in Cash------
Free Cash Flow+-2.25B-683M-1.03B-856M15M775M
FCF Margin %2.67%-1.46%-1.52%-0.6%0.01%0.28%
FCF Growth %-0.7%-0.5%0.17%1.02%50.67%
FCF per Share-0.57-0.17-0.27-0.220.000.19
FCF Conversion (FCF/Net Income)0.56x0.25x0.28x0.47x-0.20x-8.11x
Interest Paid00108M160M80M34M
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---399.88%-22.94%-6.61%-1.64%
Return on Invested Capital (ROIC)-78.77%--21.77%-18.02%-7.64%-3.2%
Gross Margin256.21%-105.33%-58.52%5.37%36.46%41.97%
Net Margin443.43%-556.08%-510.96%-117.45%-18.4%-3.75%
Debt / Equity--0.27x0.21x0.12x0.06x
Interest Coverage-2.86x-0.87x-0.91x-8.32x-5.24x-4.10x
FCF Conversion0.56x0.25x0.28x0.47x-0.20x-8.11x
Revenue Growth-155.5%43.92%112.3%64.62%18.57%

Revenue by Segment

2021202220232024
Deliveries148M663M1.19B1.49B
Deliveries Growth-347.97%80.09%25.04%
Mobility456M639M869M1.05B
Mobility Growth-40.13%35.99%20.48%
Financial Services27M71M184M253M
Financial Services Growth-162.96%159.15%37.50%
Enterprise and new initiatives44M60M112M-
Enterprise and new initiatives Growth-36.36%86.67%-

Revenue by Geography

2021202220232024
MALAYSIA108M509M673M816M
MALAYSIA Growth-371.30%32.22%21.25%
INDONESIA-275M605M643M
INDONESIA Growth--120.00%6.28%
SINGAPORE283M302M480M578M
SINGAPORE Growth-6.71%58.94%20.42%
PHILIPPINES81M125M200M265M
PHILIPPINES Growth-54.32%60.00%32.50%
THAILAND76M109M205M252M
THAILAND Growth-43.42%88.07%22.93%
VIET NAM---228M
VIET NAM Growth----
Southeast Asia127M113M196M15M
Southeast Asia Growth--11.02%73.45%-92.35%

Frequently Asked Questions

Growth & Financials

Grab Holdings Limited (GRAB) reported $3.23B in revenue for fiscal year 2024.

Grab Holdings Limited (GRAB) grew revenue by 18.6% over the past year. This is strong growth.

Yes, Grab Holdings Limited (GRAB) is profitable, generating $123.0M in net income for fiscal year 2024 (-3.8% net margin).

Dividend & Returns

Grab Holdings Limited (GRAB) has a return on equity (ROE) of -1.6%. Negative ROE indicates the company is unprofitable.

Grab Holdings Limited (GRAB) generated $220.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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