Flagship explainer

What drives UPWORK INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity19%Tax burden75%net income ÷ pretax incomeInterest burden118%pretax ÷ operating incomeOperating margin16%operating income ÷ revenueAsset turnover0.63×revenue ÷ average assetsEquity multiplier2.08×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$115MFY2025
Income before tax$153MFY2025
Operating income$129MFY2025
$788MFY2025
Ending assets$1.3BFY2025
Beginning assets$1.2BFY2024
$630MFY2025
$575MFY2024
Source: · event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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