Nextdoor Holdings, Inc. (NXDR) vs Upwork Inc. (UPWK)

Nextdoor Holdings, Inc. and Upwork Inc. are both Internet Content & Information companies. Nextdoor Holdings, Inc. and Upwork Inc. are of similar size ($1.0B and $967.1M). Nextdoor Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Upwork Inc. trades at 10.2×. Nextdoor Holdings, Inc. grew revenue faster over the last twelve months: 9.79% against 1.86%. Upwork Inc. has the higher net margin (12.9% vs −11.1%) and the higher return on invested capital (20.8% vs −87.4%). Across the 19 metrics below, Upwork Inc. leads on 14 and Nextdoor Holdings, Inc. on 5.

Valuation

Metric NXDR UPWK Internet Content & Information median
P/E n/m 10.19 10.24
P/S 3.48 1.28 0.87
P/B 2.33 1.65 1.32
Price to free cash flow 77.94 5.75 8.85
EV/EBITDA n/m 7.57 8.86
EV/Sales 2.13 1.42 1.15
Earnings yield (3.01%) 9.82% (1.58%)
Free cash flow yield 1.28% 17.38% 2.32%

Profitability

Metric NXDR UPWK Internet Content & Information median
Gross margin 84.19% 77.21% 66.84%
Operating margin (16.62%) 15.10% (3.41%)
Net margin (11.08%) 12.93% (3.02%)
Free cash flow margin 4.47% 22.30% 1.75%
Return on equity (7.24%) 16.70% 0.00%
Return on assets (6.39%) 8.03% (0.36%)
Return on invested capital (87.38%) 20.78% 0.00%

Growth

Metric NXDR UPWK Internet Content & Information median
Revenue growth (TTM) 9.79% 1.86% 2.65%
EPS growth (last fiscal year) 44.00% (44.74%) —
Revenue growth, 5-year CAGR 15.88% 16.09% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NXDR UPWK Internet Content & Information median
Debt to equity 0.00 0.59 0.01
Current ratio 13.27 1.42 1.82
Net debt to EBITDA 5.78 (2.10) (0.48)

Dividend

Metric NXDR UPWK Internet Content & Information median
Dividend yield — — 3.19%
Payout ratio 0.00 0.00 0.00

Size

Metric NXDR UPWK Internet Content & Information median
Market cap 967.12m 1.01b 283.68m

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