Bumble Inc. (BMBL) vs Upwork Inc. (UPWK)

Bumble Inc. and Upwork Inc. are both Internet Content & Information companies. Upwork Inc. is the larger, with a market value of $1.1B against $782.6M — 1.4× the size. Bumble Inc. has negative trailing earnings, so its P/E is not meaningful; Upwork Inc. trades at 10.5×. Upwork Inc. grew revenue faster over the last twelve months: 1.86% against −13.3%. Upwork Inc. has the higher net margin (12.9% vs −58.0%) and the higher return on invested capital (20.8% vs −38.2%). Across the 19 metrics below, Upwork Inc. leads on 11 and Bumble Inc. on 8.

Valuation

Metric BMBL UPWK Internet Content & Information median
P/E n/m 10.54 11.54
P/S 0.87 1.33 0.86
P/B 1.26 1.71 1.20
Price to free cash flow 4.92 5.95 9.63
EV/EBITDA n/m 7.81 8.68
EV/Sales 1.20 1.46 1.18
Earnings yield (70.88%) 9.49% (2.42%)
Free cash flow yield 20.31% 16.80% 2.27%

Profitability

Metric BMBL UPWK Internet Content & Information median
Gross margin 72.84% 77.21% 66.84%
Operating margin (62.56%) 15.10% (3.41%)
Net margin (57.96%) 12.93% (3.02%)
Free cash flow margin 28.55% 22.30% 1.75%
Return on equity (63.87%) 16.70% 0.00%
Return on assets (30.62%) 8.03% (0.36%)
Return on invested capital (38.23%) 20.78% 0.00%

Growth

Metric BMBL UPWK Internet Content & Information median
Revenue growth (TTM) (13.33%) 1.86% 2.65%
EPS growth (last fiscal year) (30.80%) (44.74%) 34.45%
Revenue growth, 5-year CAGR 10.75% 16.09% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BMBL UPWK Internet Content & Information median
Debt to equity 0.73 0.59 0.01
Current ratio 1.62 1.42 1.82
Net debt to EBITDA (0.53) (2.10) (0.48)

Dividend

Metric BMBL UPWK Internet Content & Information median
Dividend yield — — 1.07%
Payout ratio — — 0.28

Size

Metric BMBL UPWK Internet Content & Information median
Market cap 782.57m 1.09b 318.52m

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