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Held by 279 of 5,944 reporting institutions (94th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $8.52 today, the market must believe free cash flow compounds -1.3%/yr for a decade (off $148M normalized FCF).
The market's -1.3% is more conservative than its 9-yr track record.
2-stage DCF · 0.13B shares · net debt $425M
mean 11.4% · volatility σ 247% · implied rate exceeded in 4/7 yrs
Central path = implied -1.3%/yr growth; shaded band = ±1σ (247%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $136M buybacks = $136M returned on $242M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $294M covers all $24M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2018-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~0.8% on $564M of debt. Interest last disclosed in FY2022 (no longer broken out).
Cash of $294M is below short-term debt of $360M — relies on refinancing/operations.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $787.8M 100.0% | $769.3M 100.0% | $689.1M 100.0% | $618.3M 100.0% | $502.8M 100.0% | $373.6M 100.0% | $300.6M 100.0% | $253.4M 100.0% | $202.6M 100.0% | $164.4M 100.0% |
| Cost of Revenue | $174.8M 22.2% | $174.1M 22.6% | $170.4M 24.7% | $160.4M 25.9% | $135.5M 27.0% | $2.9M 0.8% | $900K 0.3% | $81.5M 32.2% | $65.4M 32.3% | $62.6M 38.1% |
| Gross Profit | $613.0M 77.8% | $595.2M 77.4% | $518.7M 75.3% | $457.9M 74.1% | $367.3M 73.0% | $269.4M 72.1% | $212.4M 70.7% | $171.9M 67.8% | $137.1M 67.7% | $101.9M 61.9% |
| Research & Development | $185.5M 23.6% | $209.3M 27.2% | $177.4M 25.7% | $154.6M 25.0% | $119.1M 23.7% | $83.5M 22.3% | $64.0M 21.3% | $55.5M 21.9% | $45.6M 22.5% | $37.9M 23.0% |
| Selling, General & Admin | $146.6M 18.6% | $128.8M 16.7% | $118.9M 17.3% | $124.0M 20.0% | $113.1M 22.5% | $71.5M 19.1% | $67.3M 22.4% | $49.3M 19.5% | $37.3M 18.4% | $35.4M 21.6% |
| Total Operating Expenses | $483.7M 61.4% | $530.0M 68.9% | $529.9M 76.9% | $550.5M 89.0% | $421.5M 83.8% | $291.8M 78.1% | $231.2M 76.9% | $183.6M 72.5% | $140.2M 69.2% | $116.3M 70.7% |
| Operating Income | $129.3M 16.4% | $65.2M 8.5% | -$11.3M -1.6% | -$92.6M -15.0% | -$54.2M -10.8% | -$22.4M -6.0% | -$18.7M -6.2% | -$11.7M -4.6% | -$3.1M -1.5% | -$14.5M -8.8% |
| Interest Expense | — | — | — | $4.5M 0.7% | $2.2M 0.4% | $778K 0.2% | $1.3M 0.4% | $2.0M 0.8% | $960K 0.5% | $858K 0.5% |
| Interest & Investment Income | $27.4M 3.5% | $28.0M 3.6% | $24.4M 3.5% | $7.9M 1.3% | — | — | — | — | — | — |
| Other Income (Expense), net | $23.9M 3.0% | $25.2M 3.3% | $60.1M 8.7% | $3.3M 0.5% | -$1.9M -0.4% | $469K 0.1% | $3.4M 1.1% | -$6.1M -2.4% | -$62K -0.0% | -$908K -0.6% |
| Pretax Income | $153.2M 19.4% | $90.4M 11.8% | $48.9M 7.1% | -$89.3M -14.5% | -$56.1M -11.2% | -$22.7M -6.1% | -$16.6M -5.5% | -$19.9M -7.9% | -$4.1M -2.0% | -$16.2M -9.9% |
| Income Tax Expense | $37.8M 4.8% | -$125.2M -16.3% | $2.0M 0.3% | $536K 0.1% | $122K 0.0% | $150K 0.0% | $28K 0.0% | $15K 0.0% | -$22K -0.0% | -$1K -0.0% |
| Net Income | $115.4M 14.7% | $215.6M 28.0% | $46.9M 6.8% | -$89.9M -14.5% | -$56.2M -11.2% | -$22.9M -6.1% | -$16.7M -5.5% | -$19.9M -7.9% | -$4.1M -2.0% | -$16.2M -9.9% |
| Per Share | ||||||||||
| EPS (Basic) | $0.87 | $1.61 | $0.35 | $-0.69 | $-0.44 | $-0.19 | $-0.15 | — | — | — |
| EPS (Diluted) | $0.84 | $1.52 | $0.06 | $-0.69 | $-0.44 | $-0.19 | $-0.15 | — | — | — |
| Weighted Avg Shares (Basic) | 132.5M | 133.6M | 134.8M | 130.5M | 127.2M | 118.7M | 109.8M | — | — | — |
| Weighted Avg Shares (Diluted) | 140.7M | 143.2M | 137.3M | 130.5M | 127.2M | 118.7M | 109.8M | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 8-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 41.0× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 32.2 | 0.3 | 0.8 | 27.0 | 25.9 | 24.7 | 22.6 | 22.2 |
| Gross Profit | 67.8 | 70.7 | 72.1 | 73.0 | 74.1 | 75.3 | 77.4 | 77.8 |
| R&D | 21.9 | 21.3 | 22.3 | 23.7 | 25.0 | 25.7 | 27.2 | 23.6 |
| SG&A | 19.5 | 22.4 | 19.1 | 22.5 | 20.0 | 17.3 | 16.7 | 18.6 |
| Operating Income | -4.6 | -6.2 | -6.0 | -10.8 | -15.0 | -1.6 | 8.5 | 16.4 |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | -16.3 | 4.8 |
| Net Income | -7.9 | -5.5 | -6.1 | -11.2 | -14.5 | 6.8 | 28.0 | 14.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on UPWK: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| UPWK | $1.1B | 10.2× | 9.9× | 1.4× | 2.4% | 77.8% | 14.7% | 18.3% | 8.6% | 4.6× | 279 |
Peers = companies sharing UPWK's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.