Upwork Inc. Rule of 40 (EBIT margin)
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|
| Rule of 40 (EBIT margin) | 0.0% | 21.6% | 20.5% | 12.4% | 18.3% | 23.8% | 8.0% | 9.8% | 20.1% |
Upwork Inc. (UPWK) Rule of 40 (EBIT margin) comparison analysis
General
LTM Rule of 40 (EBIT margin)
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
UPWK key stats
| Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|
% growth | 164.4 0.0% | 202.6 23.2% | 253.4 25.1% | 300.6 18.6% | 373.6 24.3% | 502.8 34.6% | 618.3 23.0% | 689.1 11.5% | 769.3 11.6% |
| Cost of Goods Sold (COGS) | 62.6 | 65.4 | 81.5 | 88.1 | 104.3 | 135.5 | 160.4 | 170.5 | 174.1 |
% margin | 101.9 61.9% | 137.1 67.7% | 171.9 67.8% | 212.4 70.7% | 269.4 72.1% | 367.3 73.0% | 457.9 74.1% | 518.7 75.3% | 595.2 77.4% |
| Operating Expenses | 116.3 | 140.2 | 183.6 | 231.2 | 291.8 | 421.5 | 550.5 | 529.9 | 530.0 |
| Research & Development Expenses (R&D) | 37.9 | 45.6 | 55.5 | 64.0 | 83.5 | 119.1 | 154.6 | 177.4 | 209.3 |
| Selling, General & Administrative Expenses (SG&A) | 72.9 | 90.4 | 122.3 | 163.2 | 204.7 | 296.4 | 370.8 | 339.6 | 314.0 |
% margin | (14.5) (8.8%) | (3.1) (1.5%) | (11.7) (4.6%) | (18.7) (6.2%) | (22.4) (6.0%) | (54.2) (10.8%) | (92.6) (15.0%) | (11.3) (1.6%) | 65.2 8.5% |
| Interest Income | 0.0 | 0.0 | 0.0 | 1.2 | 0.3 | 1.4 | 3.5 | 0.0 | 0.0 |
| Interest Expense | 0.9 | 1.0 | 2.0 | 1.3 | 0.8 | 2.2 | 4.5 | 1.0 | 0.0 |
| Pre-tax Income | (16.2) | (4.1) | (19.9) | (16.6) | (22.7) | (56.1) | (89.3) | 48.9 | 90.4 |
% effective tax rate | (0.0) 0.0% | (0.0) 0.5% | 0.0 (0.1%) | 0.0 (0.2%) | 0.2 (0.7%) | 0.1 (0.2%) | 0.5 (0.6%) | 2.0 4.1% | (125.2) (138.4%) |
% margin | (16.2) (9.9%) | (4.1) (2.0%) | (19.9) (7.9%) | (16.7) (5.5%) | (22.9) (6.1%) | (56.2) (11.2%) | (89.9) (14.5%) | 46.9 6.8% | 215.6 28.0% |
| EPS | (0.17) | (0.04) | (0.38) | (0.15) | (0.19) | (0.44) | (0.69) | 0.35 | 1.61 |
| Diluted EPS | (0.17) | (0.04) | (0.38) | (0.15) | (0.19) | (0.44) | (0.69) | 0.34 | 1.51 |
% margin | (6.9) (4.2%) | 1.0 0.5% | (12.9) (5.1%) | (5.9) (2.0%) | (7.9) (2.1%) | (40.1) (8.0%) | (81.5) (13.2%) | 1.5 0.2% | 65.2 8.5% |
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FAQ
1) What is Upwork Inc.'s Rule of 40 (EBIT margin)?
As of today, Microsoft Corp's last 12-month Rule of 40 (EBIT margin) is 20.1%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual Rule of 40 (EBIT margin) for Upwork Inc. have been 17.5% over the past three years, and 17.6% over the past five years.
2) Is Upwork Inc.'s Rule of 40 (EBIT margin) Good?
As of today, Upwork Inc.'s Rule of 40 (EBIT margin) is 20.1%, which is higher than industry median of (2.7%). It indicates that Upwork Inc.'s Rule of 40 (EBIT margin) is Good.