COMP <GO>
UPWK vs TSM // OPERATING MARGIN
Upwork Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: UPWK 6
— TSM 4
▲ OPERATING MARGIN LEADER: TSM
LAST: $9.12 (+1.33%) • MKT CAP: $1.14B
operating-margins
16.40%
LAST: $431.81 (-1.75%) • MKT CAP: $2.24T
operating-margins
21.10%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UPWK VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UPWK | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 77.80% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 30.40% | 14.90% | +15.50 | UPWK | /roic <GO> |
| EV/EBITDA & P/E Valuation | 6.3x | 14.9x | -8.60 | UPWK | /valuation <GO> |
| Free Cash Flow Yield | 21.29% | 3.99% | +17.30 | UPWK | /fcf-yield <GO> |
| Operating Margin ACTIVE | 16.40% | 21.10% | -4.70 | TSM | /operating-margins <GO> |
| Net Profit Margin | 14.70% | 16.40% | -1.70 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 2.40% | -3.30% | +5.70 | UPWK | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.27 | 3.87 | -1.60 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 58.4 | 49.4 | +8.97 | UPWK | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.42 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 9.2x | 20.2x | -11.00 | UPWK | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.14B | $2.24T | -$2.24T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UPWK REV | TSM REV | UPWK GROSS % | TSM GROSS % | UPWK FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $787.8M | — | 77.8% | — | $242.5M | — |
| FY 2024 | $769.3M | — | 77.4% | — | $150.0M | — |
| FY 2023 | $689.1M | — | — | — | $52.7M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UPWK // BETA —
TSM // BETA 1.42