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Side-by-side financial comparison of EPR PROPERTIES (EPR) and UPWORK, INC (UPWK). Click either name above to swap in a different company.

UPWORK, INC is the larger business by last-quarter revenue ($195.5M vs $181.3M, roughly 1.1× EPR PROPERTIES). EPR PROPERTIES runs the higher net margin — 34.5% vs 16.1%, a 18.4% gap on every dollar of revenue. On growth, EPR PROPERTIES posted the faster year-over-year revenue change (3.6% vs 1.4%). Over the past eight quarters, EPR PROPERTIES's revenue compounded faster (2.3% CAGR vs 0.6%).

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.

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.

EPR vs UPWK — Head-to-Head

Bigger by revenue
UPWK
UPWK
1.1× larger
UPWK
$195.5M
$181.3M
EPR
Growing faster (revenue YoY)
EPR
EPR
+2.1% gap
EPR
3.6%
1.4%
UPWK
Higher net margin
EPR
EPR
18.4% more per $
EPR
34.5%
16.1%
UPWK
Faster 2-yr revenue CAGR
EPR
EPR
Annualised
EPR
2.3%
0.6%
UPWK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EPR
EPR
UPWK
UPWK
Revenue
$181.3M
$195.5M
Net Profit
$62.6M
$31.5M
Gross Margin
77.2%
Operating Margin
55.5%
16.7%
Net Margin
34.5%
16.1%
Revenue YoY
3.6%
1.4%
Net Profit YoY
845.8%
EPS (diluted)
$0.74
$0.24

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
EPR
EPR
UPWK
UPWK
Q1 26
$181.3M
$195.5M
Q4 25
$182.9M
$198.4M
Q3 25
$182.3M
$201.7M
Q2 25
$178.1M
$194.9M
Q1 25
$175.0M
$192.7M
Q4 24
$177.2M
$191.5M
Q3 24
$180.5M
$193.8M
Q2 24
$173.1M
$193.1M
Net Profit
EPR
EPR
UPWK
UPWK
Q1 26
$62.6M
$31.5M
Q4 25
$66.9M
$15.6M
Q3 25
$66.6M
$29.3M
Q2 25
$75.6M
$32.7M
Q1 25
$65.8M
$37.7M
Q4 24
$-8.4M
$147.2M
Q3 24
$46.6M
$27.8M
Q2 24
$45.1M
$22.2M
Gross Margin
EPR
EPR
UPWK
UPWK
Q1 26
77.2%
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%
Operating Margin
EPR
EPR
UPWK
UPWK
Q1 26
55.5%
16.7%
Q4 25
56.8%
14.3%
Q3 25
53.5%
14.8%
Q2 25
62.5%
16.7%
Q1 25
58.1%
20.1%
Q4 24
25.5%
7.1%
Q3 24
51.4%
10.7%
Q2 24
45.9%
9.2%
Net Margin
EPR
EPR
UPWK
UPWK
Q1 26
34.5%
16.1%
Q4 25
36.6%
7.9%
Q3 25
36.5%
14.5%
Q2 25
42.5%
16.8%
Q1 25
37.6%
19.6%
Q4 24
-4.7%
76.9%
Q3 24
25.8%
14.3%
Q2 24
26.1%
11.5%
EPS (diluted)
EPR
EPR
UPWK
UPWK
Q1 26
$0.74
$0.24
Q4 25
$0.80
$0.12
Q3 25
$0.79
$0.21
Q2 25
$0.91
$0.24
Q1 25
$0.78
$0.27
Q4 24
$-0.19
$1.02
Q3 24
$0.53
$0.20
Q2 24
$0.51
$0.17

Balance Sheet & Financial Strength

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

Metric
EPR
EPR
UPWK
UPWK
Cash + ST InvestmentsLiquidity on hand
$68.5M
$328.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$569.6M
Total Assets
$5.7B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPR
EPR
UPWK
UPWK
Q1 26
$68.5M
$328.4M
Q4 25
$90.6M
$672.8M
Q3 25
$13.7M
$643.1M
Q2 25
$13.0M
$634.6M
Q1 25
$20.6M
$622.1M
Q4 24
$22.1M
$622.1M
Q3 24
$35.3M
$601.2M
Q2 24
$33.7M
$497.7M
Total Debt
EPR
EPR
UPWK
UPWK
Q1 26
Q4 25
$2.9B
$359.8M
Q3 25
$2.8B
$359.3M
Q2 25
$2.8B
Q1 25
$2.8B
Q4 24
$2.9B
$357.9M
Q3 24
$2.9B
Q2 24
$2.8B
Stockholders' Equity
EPR
EPR
UPWK
UPWK
Q1 26
$2.3B
$569.6M
Q4 25
$2.3B
$630.3M
Q3 25
$2.3B
$628.1M
Q2 25
$2.3B
$608.7M
Q1 25
$2.3B
$594.3M
Q4 24
$2.3B
$575.4M
Q3 24
$2.4B
$411.2M
Q2 24
$2.4B
$361.1M
Total Assets
EPR
EPR
UPWK
UPWK
Q1 26
$5.7B
$1.2B
Q4 25
$5.7B
$1.3B
Q3 25
$5.5B
$1.3B
Q2 25
$5.6B
$1.3B
Q1 25
$5.5B
$1.2B
Q4 24
$5.6B
$1.2B
Q3 24
$5.7B
$1.1B
Q2 24
$5.6B
$1.0B
Debt / Equity
EPR
EPR
UPWK
UPWK
Q1 26
Q4 25
1.26×
0.57×
Q3 25
1.19×
0.57×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.23×
0.62×
Q3 24
1.19×
Q2 24
1.16×

Cash Flow & Capital Efficiency

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

Metric
EPR
EPR
UPWK
UPWK
Operating Cash FlowLast quarter
$113.4M
$23.0M
Free Cash FlowOCF − Capex
$12.9M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.81×
0.73×
TTM Free Cash FlowTrailing 4 quarters
$220.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPR
EPR
UPWK
UPWK
Q1 26
$113.4M
$23.0M
Q4 25
$421.0M
$63.7M
Q3 25
$136.5M
$75.1M
Q2 25
$87.3M
$72.5M
Q1 25
$99.4M
$37.0M
Q4 24
$393.1M
$38.6M
Q3 24
$122.0M
$61.0M
Q2 24
$78.7M
$39.2M
Free Cash Flow
EPR
EPR
UPWK
UPWK
Q1 26
$12.9M
Q4 25
$269.2M
$63.2M
Q3 25
$132.1M
$74.6M
Q2 25
$82.4M
$70.1M
Q1 25
$84.7M
$34.5M
Q4 24
$129.2M
$37.0M
Q3 24
$121.5M
$59.8M
Q2 24
$71.3M
$38.6M
FCF Margin
EPR
EPR
UPWK
UPWK
Q1 26
6.6%
Q4 25
147.1%
31.9%
Q3 25
72.5%
37.0%
Q2 25
46.3%
36.0%
Q1 25
48.4%
17.9%
Q4 24
72.9%
19.3%
Q3 24
67.3%
30.8%
Q2 24
41.2%
20.0%
Capex Intensity
EPR
EPR
UPWK
UPWK
Q1 26
0.1%
Q4 25
82.9%
0.2%
Q3 25
2.4%
0.2%
Q2 25
2.7%
1.2%
Q1 25
8.4%
1.3%
Q4 24
148.9%
0.8%
Q3 24
0.3%
0.6%
Q2 24
4.2%
0.3%
Cash Conversion
EPR
EPR
UPWK
UPWK
Q1 26
1.81×
0.73×
Q4 25
6.29×
4.07×
Q3 25
2.05×
2.56×
Q2 25
1.15×
2.22×
Q1 25
1.51×
0.98×
Q4 24
0.26×
Q3 24
2.62×
2.20×
Q2 24
1.74×
1.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPR
EPR

Rental revenue$155.2M86%
Mortgage and other financing income$16.0M9%
Other$10.1M6%

UPWK
UPWK

Marketplace$170.7M87%
Enterprise$24.8M13%

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