Company / FCF Margin
Upwork, Inc. FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
30.8%
FY2025
5-year range
-3.2% / 30.8%
FY2021-FY2025
Trend
+57.8%
vs FY2024
Sector context
#13 of 314
Industrials
What the data says
Among 314 Industrials companies, Upwork, Inc. is in the top 4% for fcf margin. FCF Margin has increased for 4 consecutive years, from -3.2% in FY2021 to 30.8% in FY2025.
Based on SEC 10-K filings.
30.8% in FY2025 with a 5-year CAGR of +26.5%. Top quartile in the Industrials sector.
Improved from 7.5% to 30.8% over the past 2 years.
Industrials sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +26.5pp
- 5-Year Change
- +26.5pp
- 10-Year Change
- -
Sector benchmark
Top 4% in IndustrialsTop 4% of 314This company 30.8% Sector average -578.0%
▼
+105.3% above sector average
Key checks
Key Insights
- Upwork, Inc.'s fcf margin has grown for 4 consecutive years.
- In FY2025, fcf margin increased 57.8% year-over-year.
- Currently 608.8pp above the Industrials sector average.
- Lowest fcf margin in the period was in FY2021.
Company context
Key Data Points
- Strong profit margin: 28.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 30.8% | +57.8% |
| FY2024 | 19.5% | +158.3% |
| FY2023 | 7.5% | +76.0% |
| FY2022 | 4.3% | +232.8% |
| FY2021 | -3.2% | -176.2% |
| FY2020 | 4.2% | +247.2% |
| FY2019 | -2.9% | -305.7% |
| FY2018 | 1.4% | +148.6% |
| FY2017 | -2.9% | -305.7% |
| FY2016 | 1.4% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026