Upwork Inc. UPWK Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 77.8%+0.4pp | 77.4%+2.1pp | 75.3%+1.2pp | 74.1%+1.0pp | |
| Operating margin | 16.4%+7.9pp | 8.5%— | —— | -15%-4.2pp | |
| Net margin | 14.7%-13.4pp | 28%+21.2pp | 6.8%+21.3pp | -14.5%-3.4pp | |
| Returns | |||||
| Return on equity | 19.1%-25.9pp | 45.1%+30.2pp | 14.9%+50.2pp | -35.4%-15.2pp | |
| Return on invested capital | 20.3%+5.6pp | 14.6%+15.3pp | -0.7%+13.0pp | -13.6%-1.5pp | |
| Efficiency | |||||
| Asset turnover | 0.6×-0.1× | 0.7×0.0× | 0.7×+0.1× | 0.6×-0.1× | |
| Liquidity | |||||
| Current ratio | 1.5×-1.9× | 3.4×+0.4× | 3×-0.7× | 3.8×-0.2× | |
| Leverage | |||||
| Debt-to-equity | 0.6×-0.1× | 0.6×-0.3× | 1×-1.4× | 2.3×+0.1× | |
| Net debt / EBITDA | -0.7×+1.0× | -1.7×-14.5× | 12.8×— | —— | |
| Per Share | |||||
| Book value per share | $4.48+11.5% | $4.02+44.8% | $2.78+45.6% | $1.91-6.6% | |
| Valuation | |||||
| Market capitalization | $1.02B-41.3% | $2.19B+7.6% | $2.03B+48.2% | $1.37B-68.7% | |
| Price / earnings | 9.3×+1.9× | 10.1×-33.2× | 43.3×— | —— | |
| Price / sales | 1.3×-1.0× | 2.8×-0.1× | 2.9×+0.7× | 2.2×-6.5× | |
| Price / book | 1.8×-1.1× | 3.8×-1.5× | 5.3×-0.2× | 5.5×-11.4× | |
| EV / EBITDA | 8×-6.7× | 25.6×-351× | 377×— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Upwork Inc.'s profit margins?
- Upwork Inc. (UPWK) runs a 77.5% gross margin and a 15.6% operating margin, with a 13.8% net margin.
- Where do Upwork Inc.'s ratios come from?
- Every ratio is computed from Upwork Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
