| Stage | ADP | % of rev | UPWK | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $5.5B | 100.00% | $186M | 100.00% | ADP ×29.58 |
| Gross profit | $2.8B | 50.57% | $141M | 76.13% | UPWK +25.6pp |
| Operating income | $1.5B | 26.64% | $35M | 18.64% | ADP +8.0pp |
| Pre-tax income | $1.5B | 26.50% | $39M | 20.77% | ADP +5.7pp |
| Net income | $1.1B | 20.49% | $32M | 17.14% | ADP +3.4pp |
| Stage | ADP | UPWK | Gap · A − B |
|---|---|---|---|
| Revenue | $5.5B100.00% | $186M100.00% | ADP ×29.58 |
| Gross profit | 50.57%$2.8B | 76.13%$141M | UPWK +25.6pp |
| Operating income | 26.64%$1.5B | 18.64%$35M | ADP +8.0pp |
| Pre-tax income | 26.50%$1.5B | 20.77%$39M | ADP +5.7pp |
| Net income |
| 20.49%$1.1B |
| 17.14%$32M |
| ADP +3.4pp |
No shared counterparties.