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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and UPWORK, INC (UPWK). Click either name above to swap in a different company.

Apple Hospitality REIT, Inc. is the larger business by last-quarter revenue ($326.4M vs $198.4M, roughly 1.6× UPWORK, INC). Apple Hospitality REIT, Inc. runs the higher net margin — 9.1% vs 7.9%, a 1.2% gap on every dollar of revenue. On growth, UPWORK, INC posted the faster year-over-year revenue change (3.6% vs -2.0%). Apple Hospitality REIT, Inc. produced more free cash flow last quarter ($282.0M vs $63.2M). Over the past eight quarters, UPWORK, INC's revenue compounded faster (1.9% CAGR vs -0.5%).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

Upwork Inc. is an American freelancing platform headquartered in Santa Clara and San Francisco, California. The company was formed in 2013 as Elance-oDesk after the merger of Elance Inc. and oDesk Corp. The merged company was subsequently rebranded as Upwork in 2015.

APLE vs UPWK — Head-to-Head

Bigger by revenue
APLE
APLE
1.6× larger
APLE
$326.4M
$198.4M
UPWK
Growing faster (revenue YoY)
UPWK
UPWK
+5.6% gap
UPWK
3.6%
-2.0%
APLE
Higher net margin
APLE
APLE
1.2% more per $
APLE
9.1%
7.9%
UPWK
More free cash flow
APLE
APLE
$218.8M more FCF
APLE
$282.0M
$63.2M
UPWK
Faster 2-yr revenue CAGR
UPWK
UPWK
Annualised
UPWK
1.9%
-0.5%
APLE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APLE
APLE
UPWK
UPWK
Revenue
$326.4M
$198.4M
Net Profit
$29.6M
$15.6M
Gross Margin
37.2%
78.0%
Operating Margin
15.2%
14.3%
Net Margin
9.1%
7.9%
Revenue YoY
-2.0%
3.6%
Net Profit YoY
-0.7%
-89.4%
EPS (diluted)
$0.13
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APLE
APLE
UPWK
UPWK
Q4 25
$326.4M
$198.4M
Q3 25
$373.9M
$201.7M
Q2 25
$384.4M
$194.9M
Q1 25
$327.7M
$192.7M
Q4 24
$333.0M
$191.5M
Q3 24
$378.8M
$193.8M
Q2 24
$390.1M
$193.1M
Q1 24
$329.5M
$190.9M
Net Profit
APLE
APLE
UPWK
UPWK
Q4 25
$29.6M
$15.6M
Q3 25
$50.9M
$29.3M
Q2 25
$63.6M
$32.7M
Q1 25
$31.2M
$37.7M
Q4 24
$29.8M
$147.2M
Q3 24
$56.3M
$27.8M
Q2 24
$73.9M
$22.2M
Q1 24
$54.0M
$18.4M
Gross Margin
APLE
APLE
UPWK
UPWK
Q4 25
37.2%
78.0%
Q3 25
40.6%
77.3%
Q2 25
42.6%
77.7%
Q1 25
39.0%
78.3%
Q4 24
38.6%
77.7%
Q3 24
41.9%
77.6%
Q2 24
44.6%
77.3%
Q1 24
40.1%
76.9%
Operating Margin
APLE
APLE
UPWK
UPWK
Q4 25
15.2%
14.3%
Q3 25
19.4%
14.8%
Q2 25
22.1%
16.7%
Q1 25
15.5%
20.1%
Q4 24
15.0%
7.1%
Q3 24
20.5%
10.7%
Q2 24
24.0%
9.2%
Q1 24
21.7%
6.8%
Net Margin
APLE
APLE
UPWK
UPWK
Q4 25
9.1%
7.9%
Q3 25
13.6%
14.5%
Q2 25
16.6%
16.8%
Q1 25
9.5%
19.6%
Q4 24
9.0%
76.9%
Q3 24
14.9%
14.3%
Q2 24
19.0%
11.5%
Q1 24
16.4%
9.7%
EPS (diluted)
APLE
APLE
UPWK
UPWK
Q4 25
$0.13
$0.12
Q3 25
$0.21
$0.21
Q2 25
$0.27
$0.24
Q1 25
$0.13
$0.27
Q4 24
$0.13
$1.02
Q3 24
$0.23
$0.20
Q2 24
$0.31
$0.17
Q1 24
$0.22
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLE
APLE
UPWK
UPWK
Cash + ST InvestmentsLiquidity on hand
$8.5M
$672.8M
Total DebtLower is stronger
$1.5B
$359.8M
Stockholders' EquityBook value
$3.1B
$630.3M
Total Assets
$4.9B
$1.3B
Debt / EquityLower = less leverage
0.49×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
UPWK
UPWK
Q4 25
$8.5M
$672.8M
Q3 25
$50.3M
$643.1M
Q2 25
$7.9M
$634.6M
Q1 25
$14.9M
$622.1M
Q4 24
$10.3M
$622.1M
Q3 24
$6.1M
$601.2M
Q2 24
$7.2M
$497.7M
Q1 24
$4.9M
$490.6M
Total Debt
APLE
APLE
UPWK
UPWK
Q4 25
$1.5B
$359.8M
Q3 25
$1.5B
$359.3M
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
$357.9M
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
APLE
APLE
UPWK
UPWK
Q4 25
$3.1B
$630.3M
Q3 25
$3.2B
$628.1M
Q2 25
$3.2B
$608.7M
Q1 25
$3.2B
$594.3M
Q4 24
$3.3B
$575.4M
Q3 24
$3.3B
$411.2M
Q2 24
$3.3B
$361.1M
Q1 24
$3.3B
$348.9M
Total Assets
APLE
APLE
UPWK
UPWK
Q4 25
$4.9B
$1.3B
Q3 25
$4.9B
$1.3B
Q2 25
$4.9B
$1.3B
Q1 25
$4.9B
$1.2B
Q4 24
$5.0B
$1.2B
Q3 24
$5.0B
$1.1B
Q2 24
$5.1B
$1.0B
Q1 24
$5.0B
$1.0B
Debt / Equity
APLE
APLE
UPWK
UPWK
Q4 25
0.49×
0.57×
Q3 25
0.47×
0.57×
Q2 25
0.48×
Q1 25
0.48×
Q4 24
0.45×
0.62×
Q3 24
0.46×
Q2 24
0.46×
Q1 24
0.45×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLE
APLE
UPWK
UPWK
Operating Cash FlowLast quarter
$370.2M
$63.7M
Free Cash FlowOCF − Capex
$282.0M
$63.2M
FCF MarginFCF / Revenue
86.4%
31.9%
Capex IntensityCapex / Revenue
27.0%
0.2%
Cash ConversionOCF / Net Profit
12.50×
4.07×
TTM Free Cash FlowTrailing 4 quarters
$516.8M
$242.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLE
APLE
UPWK
UPWK
Q4 25
$370.2M
$63.7M
Q3 25
$126.4M
$75.1M
Q2 25
$108.8M
$72.5M
Q1 25
$49.1M
$37.0M
Q4 24
$405.4M
$38.6M
Q3 24
$128.2M
$61.0M
Q2 24
$127.3M
$39.2M
Q1 24
$54.7M
$14.8M
Free Cash Flow
APLE
APLE
UPWK
UPWK
Q4 25
$282.0M
$63.2M
Q3 25
$109.0M
$74.6M
Q2 25
$96.2M
$70.1M
Q1 25
$29.5M
$34.5M
Q4 24
$327.1M
$37.0M
Q3 24
$113.1M
$59.8M
Q2 24
$115.0M
$38.6M
Q1 24
$34.4M
$14.6M
FCF Margin
APLE
APLE
UPWK
UPWK
Q4 25
86.4%
31.9%
Q3 25
29.2%
37.0%
Q2 25
25.0%
36.0%
Q1 25
9.0%
17.9%
Q4 24
98.2%
19.3%
Q3 24
29.9%
30.8%
Q2 24
29.5%
20.0%
Q1 24
10.4%
7.7%
Capex Intensity
APLE
APLE
UPWK
UPWK
Q4 25
27.0%
0.2%
Q3 25
4.7%
0.2%
Q2 25
3.3%
1.2%
Q1 25
6.0%
1.3%
Q4 24
23.5%
0.8%
Q3 24
4.0%
0.6%
Q2 24
3.2%
0.3%
Q1 24
6.2%
0.1%
Cash Conversion
APLE
APLE
UPWK
UPWK
Q4 25
12.50×
4.07×
Q3 25
2.49×
2.56×
Q2 25
1.71×
2.22×
Q1 25
1.57×
0.98×
Q4 24
13.59×
0.26×
Q3 24
2.28×
2.20×
Q2 24
1.72×
1.76×
Q1 24
1.01×
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLE
APLE

Occupancy$293.0M90%
Hotel Other$17.2M5%
Food And Beverage$16.3M5%

UPWK
UPWK

Segment breakdown not available.

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