Upwork (UPWK) Ratios
Upwork Ratios
MX:UPWK's free cash flow for Q2 2026 was $45.26M. For the 2026 fiscal year, MX:UPWK's free cash flow was decreased by $-1.62M and operating cash flow was $46.87M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.46 | 3.39 | 3.01 | 3.76 | 3.98 |
| Quick Ratio | 1.46 | 3.39 | 3.01 | 3.76 | 3.98 |
| Cash Ratio | 0.46 | 1.14 | 0.27 | 0.52 | 0.80 |
| Solvency Ratio | 0.21 | 0.37 | 0.09 | -0.09 | -0.05 |
| Operating Cash Flow Ratio | 0.38 | 0.57 | 0.18 | 0.05 | 0.05 |
| Short-Term Operating Cash Flow Coverage | 0.69 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 281.57M | $ 274.82M | $ 226.91M | $ 99.54M | $ 108.11M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.29 | 0.30 | 0.35 | 0.54 | 0.54 |
| Debt-to-Equity Ratio | 0.60 | 0.64 | 0.97 | 2.34 | 2.25 |
| Debt-to-Capital Ratio | 0.38 | 0.39 | 0.49 | 0.70 | 0.69 |
| Long-Term Debt-to-Capital Ratio | 0.02 | 0.38 | 0.48 | 0.69 | 0.68 |
| Financial Leverage Ratio | 2.06 | 2.11 | 2.72 | 4.34 | 4.17 |
| Debt Service Coverage Ratio | 0.36 | 87.38 | 0.00 | -18.30 | -18.47 |
| Interest Coverage Ratio | 184.72 | 24.15 | 0.00 | -20.66 | -24.87 |
| Debt to Market Cap | 0.14 | 0.16 | 0.18 | 0.41 | 0.13 |
| Interest Debt Per Share | 2.92 | 2.78 | 2.73 | 4.49 | 4.61 |
| Net Debt to EBITDA | 0.50 | 0.57 | 197.68 | -5.55 | -9.90 |
| Profitability Margins | |||||
| Gross Profit Margin | 77.82% | 77.37% | 75.27% | 74.06% | 73.05% |
| EBIT Margin | 17.90% | 12.11% | -1.63% | -14.98% | -10.73% |
| EBITDA Margin | 21.25% | 14.40% | 0.21% | -13.18% | -7.98% |
| Operating Profit Margin | 16.41% | 8.48% | -1.63% | -14.98% | -10.78% |
| Pretax Profit Margin | 19.44% | 11.75% | 7.09% | -14.45% | -11.16% |
| Net Profit Margin | 14.65% | 28.02% | 6.80% | -14.54% | -11.19% |
| Continuous Operations Profit Margin | 14.65% | 28.02% | 6.80% | -14.54% | -11.19% |
| Net Income Per EBT | 75.35% | 238.41% | 95.93% | 100.60% | 100.22% |
| EBT Per EBIT | 118.46% | 138.68% | -434.08% | 96.46% | 103.51% |
| Return on Assets (ROA) | 8.88% | 17.79% | 4.52% | -8.32% | -5.20% |
| Return on Equity (ROE) | 18.31% | 37.47% | 12.30% | -36.12% | -21.67% |
| Return on Capital Employed (ROCE) | 19.91% | 6.91% | -1.51% | -11.13% | -6.40% |
| Return on Invested Capital (ROIC) | 9.66% | 6.90% | -1.44% | -11.04% | -6.35% |
| Return on Tangible Assets | 10.37% | 20.01% | 5.12% | -9.34% | -5.84% |
| Earnings Yield | 4.46% | 9.87% | 2.34% | -6.60% | -1.29% |
| Efficiency Ratios | |||||
| Receivables Turnover | 10.33 | 10.19 | 6.69 | 9.53 | 7.52 |
| Payables Turnover | 0.93 | 28.41 | 33.67 | 21.25 | 27.12 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 15.94 | 21.48 | 21.90 | 20.84 | 15.71 |
| Asset Turnover | 0.61 | 0.63 | 0.66 | 0.57 | 0.47 |
| Working Capital Turnover Ratio | 1.67 | 1.25 | 1.08 | 0.90 | 1.17 |
| Cash Conversion Cycle | -358.62 | 22.97 | 43.74 | 21.13 | 35.05 |
| Days of Sales Outstanding | 35.32 | 35.82 | 54.59 | 38.30 | 48.51 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 393.94 | 12.85 | 10.84 | 17.18 | 13.46 |
| Operating Cycle | 35.32 | 35.82 | 54.59 | 38.30 | 48.51 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.90 | 1.15 | 0.39 | 0.09 | 0.09 |
| Free Cash Flow Per Share | 1.86 | 1.04 | 0.27 | 0.02 | 0.04 |
| Dividend Paid and CapEx Coverage Ratio | 42.88 | 10.63 | 3.22 | 1.32 | 1.77 |
| Capital Expenditure Coverage Ratio | 42.88 | 10.63 | 3.22 | 1.32 | 1.77 |
| Operating Cash Flow Coverage Ratio | 0.65 | 0.42 | 0.14 | 0.02 | 0.02 |
| Operating Cash Flow to Sales Ratio | 0.32 | 0.20 | 0.08 | 0.02 | 0.02 |
| Free Cash Flow Yield | 9.37% | 6.37% | 1.81% | 0.20% | 0.11% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 22.78 | 10.16 | 42.74 | -15.16 | -77.24 |
| Price-to-Sales (P/S) Ratio | 3.29 | 2.84 | 2.91 | 2.20 | 8.64 |
| Price-to-Book (P/B) Ratio | 4.11 | 3.80 | 5.26 | 5.47 | 16.74 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 10.68 | 15.70 | 55.12 | 492.98 | 924.43 |
| Price-to-Operating Cash Flow Ratio | 10.43 | 14.23 | 38.02 | 118.52 | 400.88 |
| Price-to-Earnings Growth (PEG) Ratio | -0.50 | 0.03 | -0.28 | -0.27 | -0.59 |
| Enterprise Value Multiple | 15.96 | 20.29 | 1572.23 | -22.28 | -118.14 |
| Enterprise Value | 2.67B | 2.25B | 2.29B | 1.82B | 4.74B |
| EV to EBITDA | 15.96 | 20.29 | 1572.23 | -22.28 | -118.14 |
| EV to Sales | 3.39 | 2.92 | 3.33 | 2.94 | 9.43 |
| EV to Free Cash Flow | 11.02 | 16.16 | 63.05 | 656.72 | 1008.95 |
| EV to Operating Cash Flow | 10.76 | 14.64 | 43.49 | 157.88 | 437.53 |
| Tangible Book Value Per Share | 3.40 | 3.30 | 1.93 | 1.00 | 1.11 |
| Shareholders’ Equity Per Share | 4.83 | 4.31 | 2.83 | 1.91 | 2.04 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | -1.38 | 0.04 | -0.01 | -0.00 |
| Revenue Per Share | 6.03 | 5.76 | 5.11 | 4.74 | 3.95 |
| Net Income Per Share | 0.88 | 1.61 | 0.35 | -0.69 | -0.44 |
| Tax Burden | 0.75 | 2.38 | 0.96 | 1.01 | 1.00 |
| Interest Burden | 1.09 | 0.97 | -4.34 | 0.96 | 1.04 |
| Research & Development to Revenue | 0.24 | 0.27 | 0.26 | 0.25 | 0.24 |
| SG&A to Revenue | 0.37 | 0.41 | 0.17 | 0.20 | 0.22 |
| Stock-Based Compensation to Revenue | 0.08 | 0.09 | 0.11 | 0.12 | 0.11 |
| Income Quality | 2.15 | 0.71 | 1.12 | -0.13 | -0.19 |
Currency in USD