Market cap
$1,005 Mln
Revenue (TTM)
$787 Mln
P/E Ratio
10.3
P/B Ratio
1.7
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -1.96 | -1.68 | 1.86 | 6.62 | 12.30 |
| EBIT | -16.42 | -17.99 | 6.72 | 105.58 | 49.67 |
| Net Profit | -19.25 | -22.37 | -58.50 | 77.76 | 42.56 |
| EPS | -15.68 | -16.26 | -56.56 | 75.78 | 41.13 |
| Book Value | -- | -- | 12.44 | 33.79 | 13.26 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 12.36 | 2.53 | 17.81 | 17.90 | 12.11 |
| Net Margin
| -- | -12.77 | 12.93 | -- | -- |
| Return on equity
| 26.37 | 4.72 | 16.40 | 19.15 | 45.08 |
| Return on Capital
| 14.40 | 4.58 | -- | 11.80 | 25.46 |
| Return on Assets
| 10.93 | 3.50 | 5.90 | 9.19 | 19.17 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.60 | 0.64 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
11.80
|
25.46
|
5.94
|
-10.73
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
16.40
Lower than Peers by 2.61
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
16.40
|
19.15
|
45.08
|
14.89
|
-35.36
|
|
Peer Median
|
19.02
|
--
|
--
|
--
|
--
|
ROA
5.90
Higher than Peers by 0.72
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
5.90
|
9.19
|
19.17
|
4.43
|
-8.32
|
|
Peer Median
|
5.18
|
--
|
--
|
--
|
--
|
EBIT Margin
17.81
Higher than Peers by 12.15
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
17.81
|
17.90
|
12.11
|
7.09
|
-13.73
|
|
Peer Median
|
5.66
|
--
|
--
|
--
|
--
|
Net Margin
12.93
Higher than Peers by 7.65
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
12.93
|
14.65
|
28.02
|
6.80
|
-14.36
|
|
Peer Median
|
5.29
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
1.86
Lower than Peers by 0.53
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
1.86
|
0.02
|
0.12
|
0.11
|
0.23
|
|
Peer Median
|
2.39
|
--
|
--
|
--
|
--
|
EBIT Growth
6.72
Higher than Peers by 9.85
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
6.72
|
51.39
|
90.53
|
157.59
|
-57.34
|
|
Peer Median
|
-3.13
|
--
|
--
|
--
|
--
|
Net Profit Growth
-58.50
Lower than Peers by 46.06
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
-58.50
|
-46.46
|
359.80
|
152.16
|
-59.82
|
|
Peer Median
|
-12.44
|
--
|
--
|
--
|
--
|
EPS Growth
-56.56
Lower than Peers by 62.53
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
-56.56
|
-0.45
|
3.62
|
1.48
|
-0.55
|
|
Peer Median
|
5.97
|
--
|
--
|
--
|
--
|
Book Value Growth
8.34
Lower than Peers by 2.76
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
8.34
|
--
|
--
|
--
|
--
|
|
Peer Median
|
11.10
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
0.60
|
0.64
|
0.97
|
2.34
|
|
Peer Median
|
0.44
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.59
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
0.59
|
0.57
|
0.00
|
0.01
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.42
Higher than Peers by 0.06
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
1.42
|
1.46
|
3.39
|
3.01
|
3.76
|
|
Peer Median
|
1.36
|
--
|
--
|
--
|
--
|
Quick Ratio
1.42
Higher than Peers by 0.14
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
1.42
|
--
|
--
|
--
|
3.11
|
|
Peer Median
|
1.28
|
--
|
--
|
--
|
--
|
Interest Coverage
52.68
Higher than Peers by 43.69
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
52.68
|
201.40
|
34.49
|
48.88
|
-18.93
|
|
Peer Median
|
8.99
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
9.71
Lower than Peers by 5.81
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
9.71
|
9.68
|
9.81
|
14.96
|
10.49
|
|
Peer Median
|
15.52
|
--
|
--
|
--
|
--
|
Asset Turnover
0.46
Lower than Peers by 0.36
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
0.46
|
0.63
|
0.68
|
0.65
|
0.57
|
|
Peer Median
|
0.82
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
35.17
|
42.39
|
44.51
|
38.90
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
--
|
--
|
345.98
|
183.83
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
203.51
|
11.74
|
13.51
|
14.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
--
|
--
|
376.97
|
208.45
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
10.32
Lower than Peers by 9.31
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
10.32
|
23.94
|
10.85
|
45.61
|
-15.31
|
|
Peer Median
|
19.63
|
--
|
--
|
--
|
--
|
Price / Book Value
1.67
Lower than Peers by 1.51
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
1.67
|
4.38
|
4.07
|
5.61
|
5.53
|
|
Peer Median
|
3.19
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2.85
|
--
|
--
|
--
|
--
|
EV/EBITDA
5.13
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
5.13
|
15.10
|
18.84
|
31.76
|
-17.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
1,005
Higher than Peers by 708
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Upwork (UPWK)
|
1,005
|
--
|
--
|
--
|
--
|
|
Peer Median
|
298
|
--
|
--
|
--
|
--
|