Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Delivery Hero SE is a German multinational online food ordering and delivery company headquartered in Berlin, Germany. Founded in 2011, it serves as a leading local delivery platform operating in around 70 countries across Europe, Asia, Latin America, the Middle East, and Africa. The company connects users with hundreds of thousands of partner restaurants through its mobile apps and websites, facilitating food orders delivered by couriers on motorcycles, bicycles, and cars. Delivery Hero SE has expanded into quick commerce, enabling rapid delivery of small batch orders such as groceries and essentials in under an hour. Its portfolio includes prominent brands like foodora in several European countries, Glovo across multiple nations in Europe and beyond, efood in Greece, Foody in Cyprus, and Yemeksepeti in Turkey. By leveraging technology for efficient logistics and user experience, Delivery Hero SE plays a central role in the gig economy and on-demand delivery sector, supporting a vast network of independent couriers and merchants worldwide.
Operating margin is thin at 5.60%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 14.4%, still solid. Free cash flow declined 169% despite revenue growth, conversion is weakening.
Free cash flow declined 169% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€246M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€14.06B
▲ +14.4% YoY
Net Income (TTM)
-€698M
▲ +20.8% YoY
Op. Margin
5.60%
▲ +1.9pp YoY
ROIC
8.40%
▲ +3.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€246M
▼ -168.6% YoY
Op. Cash Flow (TTM)
-€82M
▼ -116.6% YoY
Net Debt
€2.51B
Cash & Equiv.
€2.11B
3Y CAGR: +17.9%
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