KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Upwork (UPWK) Return on Capital Employed (2018 - 2026)

Upwork has reported Return on Capital Employed over the past 8 years, most recently at 19.73% for Q4 2025.

  • For Q4 2025, Return on Capital Employed rose 1223.0% year-over-year to 19.73%; the TTM value through Dec 2025 reached 19.73%, up 1223.0%, while the annual FY2025 figure was 21.36%, 1374.0% up from the prior year.
  • Return on Capital Employed for Q4 2025 was 19.73% at Upwork, up from 18.31% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 19.73% in Q4 2025 and troughed at 12.66% in Q1 2023.
  • A 5-year average of 0.66% and a median of 5.59% in 2021 define the central range for Return on Capital Employed.
  • Biggest five-year swings in Return on Capital Employed: crashed -588bps in 2022 and later soared 1856bps in 2024.
  • Year by year, Return on Capital Employed stood at 6.35% in 2021, then crashed by -75bps to 11.13% in 2022, then soared by 86bps to 1.59% in 2023, then skyrocketed by 571bps to 7.51% in 2024, then skyrocketed by 163bps to 19.73% in 2025.
  • Business Quant data shows Return on Capital Employed for UPWK at 19.73% in Q4 2025, 18.31% in Q3 2025, and 10.88% in Q2 2025.