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Side-by-side financial comparison of C3.ai, Inc. (AI) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $75.1M, roughly 16.1× C3.ai, Inc.). Snowflake Inc. runs the higher net margin — -24.2% vs -139.3%, a 115.0% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs -20.3%). Snowflake Inc. produced more free cash flow last quarter ($113.6M vs $-46.9M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
AI vs SNOW — Head-to-Head
Income Statement — Q2 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $1.2B |
| Net Profit | $-104.7M | $-294.0M |
| Gross Margin | 40.4% | 67.8% |
| Operating Margin | -149.2% | -27.2% |
| Net Margin | -139.3% | -24.2% |
| Revenue YoY | -20.3% | 28.7% |
| Net Profit YoY | -58.7% | 9.4% |
| EPS (diluted) | $-0.75 | $-0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $1.2B | ||
| Q3 25 | $70.3M | $1.1B | ||
| Q2 25 | $108.7M | $1.0B | ||
| Q1 25 | $98.8M | $986.8M | ||
| Q4 24 | $94.3M | $942.1M | ||
| Q3 24 | $87.2M | $868.8M | ||
| Q2 24 | $86.6M | $828.7M | ||
| Q1 24 | $78.4M | $774.7M |
| Q4 25 | $-104.7M | $-294.0M | ||
| Q3 25 | $-116.8M | $-298.0M | ||
| Q2 25 | $-79.7M | $-430.1M | ||
| Q1 25 | $-80.2M | $-327.5M | ||
| Q4 24 | $-66.0M | $-324.3M | ||
| Q3 24 | $-62.8M | $-316.9M | ||
| Q2 24 | $-72.9M | $-317.0M | ||
| Q1 24 | $-72.6M | $-169.4M |
| Q4 25 | 40.4% | 67.8% | ||
| Q3 25 | 37.6% | 67.5% | ||
| Q2 25 | 62.1% | 66.5% | ||
| Q1 25 | 59.1% | 66.2% | ||
| Q4 24 | 61.3% | 65.9% | ||
| Q3 24 | 59.8% | 66.8% | ||
| Q2 24 | 59.6% | 67.1% | ||
| Q1 24 | 57.8% | 68.8% |
| Q4 25 | -149.2% | -27.2% | ||
| Q3 25 | -177.7% | -29.7% | ||
| Q2 25 | -81.8% | -42.9% | ||
| Q1 25 | -88.7% | -39.2% | ||
| Q4 24 | -79.8% | -38.8% | ||
| Q3 24 | -83.2% | -40.9% | ||
| Q2 24 | -95.1% | -42.1% | ||
| Q1 24 | -105.3% | -35.6% |
| Q4 25 | -139.3% | -24.2% | ||
| Q3 25 | -166.2% | -26.0% | ||
| Q2 25 | -73.3% | -41.3% | ||
| Q1 25 | -81.2% | -33.2% | ||
| Q4 24 | -69.9% | -34.4% | ||
| Q3 24 | -72.0% | -36.5% | ||
| Q2 24 | -84.2% | -38.3% | ||
| Q1 24 | -92.6% | -21.9% |
| Q4 25 | $-0.75 | $-0.87 | ||
| Q3 25 | $-0.86 | $-0.89 | ||
| Q2 25 | $-0.60 | $-1.29 | ||
| Q1 25 | $-0.62 | $-0.98 | ||
| Q4 24 | $-0.52 | $-0.98 | ||
| Q3 24 | $-0.50 | $-0.95 | ||
| Q2 24 | $-0.59 | $-0.95 | ||
| Q1 24 | $-0.60 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $2.1B |
| Total Assets | $961.3M | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $1.9B | ||
| Q3 25 | $711.9M | $1.9B | ||
| Q2 25 | $742.7M | $2.2B | ||
| Q1 25 | $724.3M | $2.6B | ||
| Q4 24 | $730.4M | $2.1B | ||
| Q3 24 | $762.5M | $1.3B | ||
| Q2 24 | $750.4M | $1.3B | ||
| Q1 24 | $723.3M | $1.8B |
| Q4 25 | $771.9M | $2.1B | ||
| Q3 25 | $798.8M | $2.4B | ||
| Q2 25 | $838.3M | $2.4B | ||
| Q1 25 | $860.2M | $3.0B | ||
| Q4 24 | $859.0M | $2.9B | ||
| Q3 24 | $874.9M | $4.1B | ||
| Q2 24 | $873.4M | $4.6B | ||
| Q1 24 | $898.0M | $5.2B |
| Q4 25 | $961.3M | $8.2B | ||
| Q3 25 | $968.7M | $8.2B | ||
| Q2 25 | $1.0B | $8.2B | ||
| Q1 25 | $1.1B | $9.0B | ||
| Q4 24 | $1.0B | $8.2B | ||
| Q3 24 | $1.1B | $6.9B | ||
| Q2 24 | $1.0B | $7.3B | ||
| Q1 24 | $1.1B | $8.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $137.5M |
| Free Cash FlowOCF − Capex | $-46.9M | $113.6M |
| FCF MarginFCF / Revenue | -62.4% | 9.4% |
| Capex IntensityCapex / Revenue | 0.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $137.5M | ||
| Q3 25 | $-33.5M | $74.9M | ||
| Q2 25 | $11.3M | $228.4M | ||
| Q1 25 | $-22.0M | $432.7M | ||
| Q4 24 | $-38.7M | $101.7M | ||
| Q3 24 | $8.0M | $69.9M | ||
| Q2 24 | $21.3M | $355.5M | ||
| Q1 24 | $-39.1M | $344.6M |
| Q4 25 | $-46.9M | $113.6M | ||
| Q3 25 | $-34.3M | $58.2M | ||
| Q2 25 | $10.3M | $183.4M | ||
| Q1 25 | $-22.4M | $421.4M | ||
| Q4 24 | $-39.5M | $88.3M | ||
| Q3 24 | $7.1M | $64.8M | ||
| Q2 24 | $18.8M | $338.9M | ||
| Q1 24 | $-45.1M | $331.5M |
| Q4 25 | -62.4% | 9.4% | ||
| Q3 25 | -48.8% | 5.1% | ||
| Q2 25 | 9.5% | 17.6% | ||
| Q1 25 | -22.7% | 42.7% | ||
| Q4 24 | -41.9% | 9.4% | ||
| Q3 24 | 8.2% | 7.5% | ||
| Q2 24 | 21.7% | 40.9% | ||
| Q1 24 | -57.6% | 42.8% |
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 0.9% | 4.3% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 1.1% | 0.6% | ||
| Q2 24 | 2.9% | 2.0% | ||
| Q1 24 | 7.8% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
