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Side-by-side financial comparison of UPWORK, INC (UPWK) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $198.4M, roughly 1.7× UPWORK, INC). UPWORK, INC runs the higher net margin — 7.9% vs -18.0%, a 25.8% gap on every dollar of revenue. On growth, UPWORK, INC posted the faster year-over-year revenue change (3.6% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $63.2M). Over the past eight quarters, UPWORK, INC's revenue compounded faster (1.9% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
UPWK vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $198.4M | $334.0M |
| Net Profit | $15.6M | $-60.0M |
| Gross Margin | 78.0% | — |
| Operating Margin | 14.3% | — |
| Net Margin | 7.9% | -18.0% |
| Revenue YoY | 3.6% | -76.3% |
| Net Profit YoY | -89.4% | -170.6% |
| EPS (diluted) | $0.12 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $198.4M | $334.0M | ||
| Q3 25 | $201.7M | $382.0M | ||
| Q2 25 | $194.9M | $397.0M | ||
| Q1 25 | $192.7M | $316.0M | ||
| Q4 24 | $191.5M | $336.0M | ||
| Q3 24 | $193.8M | $396.0M | ||
| Q2 24 | $193.1M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $15.6M | $-60.0M | ||
| Q3 25 | $29.3M | $105.0M | ||
| Q2 25 | $32.7M | $87.0M | ||
| Q1 25 | $37.7M | $61.0M | ||
| Q4 24 | $147.2M | $85.0M | ||
| Q3 24 | $27.8M | $102.0M | ||
| Q2 24 | $22.2M | $86.0M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | 14.3% | -11.4% | ||
| Q3 25 | 14.8% | 46.6% | ||
| Q2 25 | 16.7% | 37.8% | ||
| Q1 25 | 20.1% | 35.4% | ||
| Q4 24 | 7.1% | 38.4% | ||
| Q3 24 | 10.7% | 43.2% | ||
| Q2 24 | 9.2% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 7.9% | -18.0% | ||
| Q3 25 | 14.5% | 27.5% | ||
| Q2 25 | 16.8% | 21.9% | ||
| Q1 25 | 19.6% | 19.3% | ||
| Q4 24 | 76.9% | 25.3% | ||
| Q3 24 | 14.3% | 25.8% | ||
| Q2 24 | 11.5% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.12 | $-0.77 | ||
| Q3 25 | $0.21 | $1.36 | ||
| Q2 25 | $0.24 | $1.13 | ||
| Q1 25 | $0.27 | $0.78 | ||
| Q4 24 | $1.02 | $1.06 | ||
| Q3 24 | $0.20 | $1.29 | ||
| Q2 24 | $0.17 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $672.8M | $64.0M |
| Total DebtLower is stronger | $359.8M | — |
| Stockholders' EquityBook value | $630.3M | $468.0M |
| Total Assets | $1.3B | $4.2B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $672.8M | $64.0M | ||
| Q3 25 | $643.1M | $70.0M | ||
| Q2 25 | $634.6M | $50.0M | ||
| Q1 25 | $622.1M | $48.0M | ||
| Q4 24 | $622.1M | $103.0M | ||
| Q3 24 | $601.2M | $72.0M | ||
| Q2 24 | $497.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $359.8M | $2.5B | ||
| Q3 25 | $359.3M | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $357.9M | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $630.3M | $468.0M | ||
| Q3 25 | $628.1M | $583.0M | ||
| Q2 25 | $608.7M | $570.0M | ||
| Q1 25 | $594.3M | $579.0M | ||
| Q4 24 | $575.4M | $650.0M | ||
| Q3 24 | $411.2M | $583.0M | ||
| Q2 24 | $361.1M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.3B | $4.2B | ||
| Q3 25 | $1.3B | $4.3B | ||
| Q2 25 | $1.3B | $4.3B | ||
| Q1 25 | $1.2B | $4.2B | ||
| Q4 24 | $1.2B | $4.2B | ||
| Q3 24 | $1.1B | $4.2B | ||
| Q2 24 | $1.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.57× | 5.37× | ||
| Q3 25 | 0.57× | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | 0.62× | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $63.7M | $367.0M |
| Free Cash FlowOCF − Capex | $63.2M | $168.0M |
| FCF MarginFCF / Revenue | 31.9% | 50.3% |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 4.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $242.5M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $63.7M | $152.0M | ||
| Q3 25 | $75.1M | $86.0M | ||
| Q2 25 | $72.5M | $70.0M | ||
| Q1 25 | $37.0M | $59.0M | ||
| Q4 24 | $38.6M | $134.0M | ||
| Q3 24 | $61.0M | $79.0M | ||
| Q2 24 | $39.2M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $63.2M | $136.0M | ||
| Q3 25 | $74.6M | $75.0M | ||
| Q2 25 | $70.1M | $58.0M | ||
| Q1 25 | $34.5M | $52.0M | ||
| Q4 24 | $37.0M | $109.0M | ||
| Q3 24 | $59.8M | $71.0M | ||
| Q2 24 | $38.6M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 31.9% | 40.7% | ||
| Q3 25 | 37.0% | 19.6% | ||
| Q2 25 | 36.0% | 14.6% | ||
| Q1 25 | 17.9% | 16.5% | ||
| Q4 24 | 19.3% | 32.4% | ||
| Q3 24 | 30.8% | 17.9% | ||
| Q2 24 | 20.0% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 0.2% | 2.9% | ||
| Q2 25 | 1.2% | 3.0% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 0.8% | 7.4% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.07× | — | ||
| Q3 25 | 2.56× | 0.82× | ||
| Q2 25 | 2.22× | 0.80× | ||
| Q1 25 | 0.98× | 0.97× | ||
| Q4 24 | 0.26× | 1.58× | ||
| Q3 24 | 2.20× | 0.77× | ||
| Q2 24 | 1.76× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UPWK
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
