Upwork Inc. (UPWK)

Upwork Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 6, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	2,110	2,185	2,024	1,371	4,380	4,214
Market Cap Growth	59.05%	7.98%	47.60%	-68.70%	3.95%	252.56%
Enterprise Value	1,838	1,954	1,838	1,278	4,269	4,096
Last Close Price	16.15	16.35	14.87	10.44	34.16	34.52
PE Ratio	9.30	10.14	43.17	-	-	-
Forward PE	12.02	14.24	21.66	-	-	-
PS Ratio	2.76	2.84	2.94	2.22	8.71	11.28
PB Ratio	3.38	3.80	5.31	5.51	16.88	14.08
P/TBV Ratio	4.82	4.95	7.79	10.50	31.00	23.36
P/FCF Ratio	9.76	14.57	38.91	133.79	446.58	262.64
P/OCF Ratio	9.46	14.23	38.40	119.27	404.25	188.42
PEG Ratio	-	0.22	0.22	-	-	-
EV/Sales Ratio	2.35	2.54	2.67	2.07	8.49	10.96
EV/EBITDA Ratio	12.42	21.99	-	-	-	-
EV/EBIT Ratio	13.33	23.22	-	-	-	-
EV/FCF Ratio	8.50	13.02	35.33	124.70	435.16	255.27
Debt / Equity Ratio	0.59	0.64	0.96	2.34	2.25	0.12
Debt / EBITDA Ratio	2.45	3.98	-	-	-	-
Debt / FCF Ratio	1.72	2.46	7.00	56.78	59.58	2.18
Asset Turnover	0.66	0.68	0.65	0.57	0.62	0.77
Quick Ratio	1.09	2.60	2.23	3.03	3.22	1.09
Current Ratio	1.44	3.39	3.02	3.76	3.98	1.82
Return on Equity (ROE)	47.52%	45.08%	14.89%	-35.36%	-20.13%	-8.19%
Return on Assets (ROA)	7.26%	4.68%	-0.66%	-5.36%	-3.53%	-2.87%
Return on Capital (ROIC)	9.69%	6.22%	-0.89%	-6.91%	-4.83%	-4.40%
Return on Capital Employed (ROCE)	21.20%	8.90%	-	-	-	-
Earnings Yield	11.70%	9.87%	2.32%	-6.55%	-1.28%	-0.54%
FCF Yield	10.25%	6.87%	2.57%	0.75%	0.22%	0.38%
Buyback Yield / Dilution	-1.51%	-4.29%	-5.17%	-2.64%	-7.13%	-8.09%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q