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 Invested Capital (2018 - 2025)

Upwork (UPWK) has 8 years of Return on Invested Capital data on record, last reported at 0.1% in Q4 2025.

  • For Q4 2025, Return on Invested Capital fell 13.0% year-over-year to 0.1%; the TTM value through Dec 2025 reached 0.1%, down 13.0%, while the annual FY2025 figure was 0.1%, 14.0% down from the prior year.
  • Return on Invested Capital reached 0.1% in Q4 2025 per UPWK's latest filing, down from 0.26% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.33% in Q2 2025 and bottomed at 0.36% in Q1 2023.
  • Average Return on Invested Capital over 5 years is 0.0%, with a median of 0.06% recorded in 2021.
  • Peak YoY movement for Return on Invested Capital: fell -27bps in 2023, then surged 43bps in 2024.
  • A 5-year view of Return on Invested Capital shows it stood at 0.07% in 2021, then crashed by -168bps to 0.18% in 2022, then surged by 83bps to 0.03% in 2023, then surged by 875bps to 0.23% in 2024, then tumbled by -57bps to 0.1% in 2025.
  • Per Business Quant database, its latest 3 readings for Return on Invested Capital were 0.1% in Q4 2025, 0.26% in Q3 2025, and 0.33% in Q2 2025.