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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and UPWORK, INC (UPWK). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $198.4M, roughly 1.1× UPWORK, INC).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

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.

APWC vs UPWK — Head-to-Head

Bigger by revenue
APWC
APWC
1.1× larger
APWC
$225.3M
$198.4M
UPWK

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
UPWK
UPWK
Revenue
$225.3M
$198.4M
Net Profit
$15.6M
Gross Margin
7.9%
78.0%
Operating Margin
2.2%
14.3%
Net Margin
7.9%
Revenue YoY
3.6%
Net Profit YoY
-89.4%
EPS (diluted)
$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
APWC
APWC
UPWK
UPWK
Q4 25
$198.4M
Q3 25
$201.7M
Q2 25
$194.9M
Q1 25
$192.7M
Q4 24
$191.5M
Q3 24
$193.8M
Q2 24
$193.1M
Q1 24
$190.9M
Net Profit
APWC
APWC
UPWK
UPWK
Q4 25
$15.6M
Q3 25
$29.3M
Q2 25
$32.7M
Q1 25
$37.7M
Q4 24
$147.2M
Q3 24
$27.8M
Q2 24
$22.2M
Q1 24
$18.4M
Gross Margin
APWC
APWC
UPWK
UPWK
Q4 25
78.0%
Q3 25
77.3%
Q2 25
77.7%
Q1 25
78.3%
Q4 24
77.7%
Q3 24
77.6%
Q2 24
77.3%
Q1 24
76.9%
Operating Margin
APWC
APWC
UPWK
UPWK
Q4 25
14.3%
Q3 25
14.8%
Q2 25
16.7%
Q1 25
20.1%
Q4 24
7.1%
Q3 24
10.7%
Q2 24
9.2%
Q1 24
6.8%
Net Margin
APWC
APWC
UPWK
UPWK
Q4 25
7.9%
Q3 25
14.5%
Q2 25
16.8%
Q1 25
19.6%
Q4 24
76.9%
Q3 24
14.3%
Q2 24
11.5%
Q1 24
9.7%
EPS (diluted)
APWC
APWC
UPWK
UPWK
Q4 25
$0.12
Q3 25
$0.21
Q2 25
$0.24
Q1 25
$0.27
Q4 24
$1.02
Q3 24
$0.20
Q2 24
$0.17
Q1 24
$0.13

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
UPWK
UPWK
Q4 25
$672.8M
Q3 25
$643.1M
Q2 25
$634.6M
Q1 25
$622.1M
Q4 24
$622.1M
Q3 24
$601.2M
Q2 24
$497.7M
Q1 24
$490.6M
Total Debt
APWC
APWC
UPWK
UPWK
Q4 25
$359.8M
Q3 25
$359.3M
Q2 25
Q1 25
Q4 24
$357.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
APWC
APWC
UPWK
UPWK
Q4 25
$630.3M
Q3 25
$628.1M
Q2 25
$608.7M
Q1 25
$594.3M
Q4 24
$575.4M
Q3 24
$411.2M
Q2 24
$361.1M
Q1 24
$348.9M
Total Assets
APWC
APWC
UPWK
UPWK
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
APWC
APWC
UPWK
UPWK
Q4 25
0.57×
Q3 25
0.57×
Q2 25
Q1 25
Q4 24
0.62×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
UPWK
UPWK
Q4 25
$63.7M
Q3 25
$75.1M
Q2 25
$72.5M
Q1 25
$37.0M
Q4 24
$38.6M
Q3 24
$61.0M
Q2 24
$39.2M
Q1 24
$14.8M
Free Cash Flow
APWC
APWC
UPWK
UPWK
Q4 25
$63.2M
Q3 25
$74.6M
Q2 25
$70.1M
Q1 25
$34.5M
Q4 24
$37.0M
Q3 24
$59.8M
Q2 24
$38.6M
Q1 24
$14.6M
FCF Margin
APWC
APWC
UPWK
UPWK
Q4 25
31.9%
Q3 25
37.0%
Q2 25
36.0%
Q1 25
17.9%
Q4 24
19.3%
Q3 24
30.8%
Q2 24
20.0%
Q1 24
7.7%
Capex Intensity
APWC
APWC
UPWK
UPWK
Q4 25
0.2%
Q3 25
0.2%
Q2 25
1.2%
Q1 25
1.3%
Q4 24
0.8%
Q3 24
0.6%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
APWC
APWC
UPWK
UPWK
Q4 25
4.07×
Q3 25
2.56×
Q2 25
2.22×
Q1 25
0.98×
Q4 24
0.26×
Q3 24
2.20×
Q2 24
1.76×
Q1 24
0.80×

Financial Flow Comparison

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

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