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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 has reported Return on Invested Capital over the past 8 years, most recently at 0.1% for Q4 2025.

  • Quarterly results put Return on Invested Capital at 0.1% for Q4 2025, down 13.0% from a year ago — trailing twelve months through Dec 2025 was 0.1% (down 13.0% YoY), and the annual figure for FY2025 was 0.1%, down 14.0%.
  • Return on Invested Capital for Q4 2025 was 0.1% at Upwork, down from 0.26% in the prior quarter.
  • Over the last five years, Return on Invested Capital for UPWK hit a ceiling of 0.33% in Q2 2025 and a floor of 0.36% in Q1 2023.
  • Median Return on Invested Capital over the past 5 years was 0.06% (2021), compared with a mean of 0.0%.
  • Biggest five-year swings in Return on Invested Capital: decreased -27bps in 2023 and later skyrocketed 43bps in 2024.
  • Upwork's Return on Invested Capital stood at 0.07% in 2021, then plummeted by -168bps to 0.18% in 2022, then soared by 83bps to 0.03% in 2023, then surged by 875bps to 0.23% in 2024, then plummeted by -57bps to 0.1% in 2025.
  • The last three reported values for Return on Invested Capital were 0.1% (Q4 2025), 0.26% (Q3 2025), and 0.33% (Q2 2025) per Business Quant data.