Which has grown faster, RCAT or UPWK?

Over the past five years, RCAT grew revenue faster — RCAT at a 54.26% CAGR versus UPWK at 12.31%.

Is RCAT or UPWK more profitable?

UPWK runs the higher net margin — RCAT at -215.09% versus UPWK at 12.93%.

How have RCAT and UPWK total returns compared?

Over the past 5 years, RCAT delivered 15.11% and UPWK delivered -29.14% annualized total return. Past performance doesn't predict future results.

Red Cat Holdings, Inc. (RCAT) vs Upwork Inc. (UPWK)

A side-by-side comparison of Red Cat Holdings, Inc. and Upwork Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

RCAT

Red Cat Holdings, Inc.

$966M

$6.35IndustrialsDelayed quote: Oct 5, 2026, 4:00 PM EDT

UPWK

Upwork Inc.

$1.03B

$8.36IndustrialsDelayed quote: Oct 5, 2026, 4:00 PM EDT

Total return — RCAT vs UPWK

growth of $100 · dividends reinvested · last 8y

RCAT +5.7% (+0.7%/yr)UPWK -60.5% (-11.0%/yr)RCAT compounded faster over this window

RCAT UPWK

RCAT vs UPWK: by the numbers

•UPWK is the larger company ($1.03B vs $966M market cap).
•UPWK is profitable (12.93% net margin) while RCAT runs a net loss (-215.09%).
•RCAT grew revenue faster over the past five years (54.26% vs 12.31% CAGR).

Metrics side by side

Valuation

Metric	RCAT	UPWK
P/E ratio	N/A	11.00
Forward P/E	57.68	6.02
P/S ratio	N/A	1.31
P/B ratio	2.05	1.69
EV / EBITDA	N/A	6.27
FCF yield	N/A	19.29%

Profitability

Metric	RCAT	UPWK
Gross margin	10.68%	77.21%
Operating margin	-163.51%	15.10%
Net margin	-215.09%	12.93%
ROE	-21.43%	16.66%
ROIC	-19.20%	8.71%

Growth (annualized)

Metric	RCAT	UPWK
Revenue CAGR (5Y)	54.26%	12.31%
FCF CAGR (5Y)	N/A	85.69%
Total return CAGR (5Y)	15.11%	-29.14%

Frequently asked

Which has grown faster, RCAT or UPWK?: Over the past five years, RCAT grew revenue faster — RCAT at a 54.26% CAGR versus UPWK at 12.31%.
Is RCAT or UPWK more profitable?: UPWK runs the higher net margin — RCAT at -215.09% versus UPWK at 12.93%.
How have RCAT and UPWK total returns compared?: Over the past 5 years, RCAT delivered 15.11% and UPWK delivered -29.14% annualized total return. Past performance doesn't predict future results.

Go deeper

Full RCAT analysis Full UPWK analysis Interactive comparison tool

Dig into the metrics

Upwork P/E ratio Red Cat ROE Upwork ROE Red Cat operating margin Upwork operating margin Red Cat revenue growth Upwork revenue growth Red Cat free cash flow Upwork free cash flow

Red Cat & Upwork appear in these rankings

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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.