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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and UPWORK, INC (UPWK). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $195.5M, roughly 1.5× UPWORK, INC). UPWORK, INC runs the higher net margin — 16.1% vs 13.0%, a 3.1% gap on every dollar of revenue. Over the past eight quarters, UPWORK, INC's revenue compounded faster (0.6% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs UPWK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $195.5M |
| Net Profit | $39.0M | $31.5M |
| Gross Margin | — | 77.2% |
| Operating Margin | — | 16.7% |
| Net Margin | 13.0% | 16.1% |
| Revenue YoY | — | 1.4% |
| Net Profit YoY | -12.4% | — |
| EPS (diluted) | $0.64 | $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.
| Q1 26 | $300.5M | $195.5M | ||
| Q4 25 | $329.9M | $198.4M | ||
| Q3 25 | $330.2M | $201.7M | ||
| Q2 25 | $303.3M | $194.9M | ||
| Q1 25 | $318.5M | $192.7M | ||
| Q4 24 | $301.1M | $191.5M | ||
| Q3 24 | $305.5M | $193.8M | ||
| Q2 24 | $297.0M | $193.1M |
| Q1 26 | $39.0M | $31.5M | ||
| Q4 25 | $41.6M | $15.6M | ||
| Q3 25 | $45.8M | $29.3M | ||
| Q2 25 | $36.1M | $32.7M | ||
| Q1 25 | $42.1M | $37.7M | ||
| Q4 24 | $35.5M | $147.2M | ||
| Q3 24 | $29.7M | $27.8M | ||
| Q2 24 | $20.3M | $22.2M |
| 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% |
| Q1 26 | — | 16.7% | ||
| Q4 25 | 16.1% | 14.3% | ||
| Q3 25 | 18.4% | 14.8% | ||
| Q2 25 | 16.3% | 16.7% | ||
| Q1 25 | 18.1% | 20.1% | ||
| Q4 24 | 14.7% | 7.1% | ||
| Q3 24 | 13.9% | 10.7% | ||
| Q2 24 | 10.0% | 9.2% |
| Q1 26 | 13.0% | 16.1% | ||
| Q4 25 | 12.6% | 7.9% | ||
| Q3 25 | 13.9% | 14.5% | ||
| Q2 25 | 11.9% | 16.8% | ||
| Q1 25 | 13.2% | 19.6% | ||
| Q4 24 | 11.8% | 76.9% | ||
| Q3 24 | 9.7% | 14.3% | ||
| Q2 24 | 6.8% | 11.5% |
| Q1 26 | $0.64 | $0.24 | ||
| Q4 25 | $0.68 | $0.12 | ||
| Q3 25 | $0.74 | $0.21 | ||
| Q2 25 | $0.57 | $0.24 | ||
| Q1 25 | $0.65 | $0.27 | ||
| Q4 24 | $0.55 | $1.02 | ||
| Q3 24 | $0.46 | $0.20 | ||
| Q2 24 | $0.31 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $328.4M |
| Total DebtLower is stronger | $990.8M | — |
| Stockholders' EquityBook value | $2.2B | $569.6M |
| Total Assets | $15.7B | $1.2B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $328.4M | ||
| 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 26 | $990.8M | — | ||
| Q4 25 | — | $359.8M | ||
| Q3 25 | — | $359.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $357.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | $569.6M | ||
| Q4 25 | $2.2B | $630.3M | ||
| Q3 25 | $2.2B | $628.1M | ||
| Q2 25 | $2.2B | $608.7M | ||
| Q1 25 | $2.2B | $594.3M | ||
| Q4 24 | $2.2B | $575.4M | ||
| Q3 24 | $2.2B | $411.2M | ||
| Q2 24 | $2.1B | $361.1M |
| Q1 26 | $15.7B | $1.2B | ||
| Q4 25 | $15.8B | $1.3B | ||
| Q3 25 | $15.6B | $1.3B | ||
| Q2 25 | $15.4B | $1.3B | ||
| Q1 25 | $15.8B | $1.2B | ||
| Q4 24 | $16.3B | $1.2B | ||
| Q3 24 | $15.9B | $1.1B | ||
| Q2 24 | $15.6B | $1.0B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $23.0M |
| Free Cash FlowOCF − Capex | — | $12.9M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | $220.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.0M | ||
| Q4 25 | $-38.7M | $63.7M | ||
| Q3 25 | $273.0M | $75.1M | ||
| Q2 25 | $-234.6M | $72.5M | ||
| Q1 25 | $5.8M | $37.0M | ||
| Q4 24 | $273.9M | $38.6M | ||
| Q3 24 | $515.6M | $61.0M | ||
| Q2 24 | $-435.3M | $39.2M |
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-55.5M | $63.2M | ||
| Q3 25 | $271.0M | $74.6M | ||
| Q2 25 | $-234.6M | $70.1M | ||
| Q1 25 | $5.0M | $34.5M | ||
| Q4 24 | $266.8M | $37.0M | ||
| Q3 24 | $513.8M | $59.8M | ||
| Q2 24 | $-437.3M | $38.6M |
| Q1 26 | — | 6.6% | ||
| Q4 25 | -16.8% | 31.9% | ||
| Q3 25 | 82.1% | 37.0% | ||
| Q2 25 | -77.4% | 36.0% | ||
| Q1 25 | 1.6% | 17.9% | ||
| Q4 24 | 88.6% | 19.3% | ||
| Q3 24 | 168.2% | 30.8% | ||
| Q2 24 | -147.2% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 0.2% | ||
| Q3 25 | 0.6% | 0.2% | ||
| Q2 25 | 0.0% | 1.2% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 2.4% | 0.8% | ||
| Q3 24 | 0.6% | 0.6% | ||
| Q2 24 | 0.7% | 0.3% |
| Q1 26 | — | 0.73× | ||
| Q4 25 | -0.93× | 4.07× | ||
| Q3 25 | 5.96× | 2.56× | ||
| Q2 25 | -6.50× | 2.22× | ||
| Q1 25 | 0.14× | 0.98× | ||
| Q4 24 | 7.71× | 0.26× | ||
| Q3 24 | 17.36× | 2.20× | ||
| Q2 24 | -21.41× | 1.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
UPWK
| Marketplace | $170.7M | 87% |
| Enterprise | $24.8M | 13% |
