vs
Side-by-side financial comparison of C3.ai, Inc. (AI) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $75.1M, roughly 32.4× C3.ai, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs -139.3%, a 149.6% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -20.3%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-46.9M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% 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.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
AI vs WDAY — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $2.4B |
| Net Profit | $-104.7M | $252.0M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | 10.6% |
| Net Margin | -139.3% | 10.4% |
| Revenue YoY | -20.3% | 12.6% |
| Net Profit YoY | -58.7% | 30.6% |
| EPS (diluted) | $-0.75 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $70.3M | $2.3B | ||
| Q2 25 | $108.7M | $2.2B | ||
| Q1 25 | $98.8M | $2.2B | ||
| Q4 24 | $94.3M | $2.2B | ||
| Q3 24 | $87.2M | $2.1B | ||
| Q2 24 | $86.6M | $2.0B | ||
| Q1 24 | $78.4M | $1.9B |
| Q4 25 | $-104.7M | $252.0M | ||
| Q3 25 | $-116.8M | $228.0M | ||
| Q2 25 | $-79.7M | $68.0M | ||
| Q1 25 | $-80.2M | $94.0M | ||
| Q4 24 | $-66.0M | $193.0M | ||
| Q3 24 | $-62.8M | $132.0M | ||
| Q2 24 | $-72.9M | $107.0M | ||
| Q1 24 | $-72.6M | $1.2B |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
| Q4 25 | -149.2% | 10.6% | ||
| Q3 25 | -177.7% | 10.6% | ||
| Q2 25 | -81.8% | 1.7% | ||
| Q1 25 | -88.7% | 3.4% | ||
| Q4 24 | -79.8% | 7.6% | ||
| Q3 24 | -83.2% | 5.3% | ||
| Q2 24 | -95.1% | 3.2% | ||
| Q1 24 | -105.3% | 4.1% |
| Q4 25 | -139.3% | 10.4% | ||
| Q3 25 | -166.2% | 9.7% | ||
| Q2 25 | -73.3% | 3.0% | ||
| Q1 25 | -81.2% | 4.3% | ||
| Q4 24 | -69.9% | 8.9% | ||
| Q3 24 | -72.0% | 6.3% | ||
| Q2 24 | -84.2% | 5.4% | ||
| Q1 24 | -92.6% | 61.8% |
| Q4 25 | $-0.75 | $0.94 | ||
| Q3 25 | $-0.86 | $0.84 | ||
| Q2 25 | $-0.60 | $0.25 | ||
| Q1 25 | $-0.62 | $0.34 | ||
| Q4 24 | $-0.52 | $0.72 | ||
| Q3 24 | $-0.50 | $0.49 | ||
| Q2 24 | $-0.59 | $0.40 | ||
| Q1 24 | $-0.60 | $4.48 |
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 | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $8.9B |
| Total Assets | $961.3M | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $6.8B | ||
| Q3 25 | $711.9M | $8.2B | ||
| Q2 25 | $742.7M | $8.0B | ||
| Q1 25 | $724.3M | $8.0B | ||
| Q4 24 | $730.4M | $7.2B | ||
| Q3 24 | $762.5M | $7.4B | ||
| Q2 24 | $750.4M | $7.2B | ||
| Q1 24 | $723.3M | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $771.9M | $8.9B | ||
| Q3 25 | $798.8M | $9.2B | ||
| Q2 25 | $838.3M | $8.9B | ||
| Q1 25 | $860.2M | $9.0B | ||
| Q4 24 | $859.0M | $8.6B | ||
| Q3 24 | $874.9M | $8.3B | ||
| Q2 24 | $873.4M | $8.2B | ||
| Q1 24 | $898.0M | $8.1B |
| Q4 25 | $961.3M | $17.8B | ||
| Q3 25 | $968.7M | $18.0B | ||
| Q2 25 | $1.0B | $17.2B | ||
| Q1 25 | $1.1B | $18.0B | ||
| Q4 24 | $1.0B | $16.4B | ||
| Q3 24 | $1.1B | $16.2B | ||
| Q2 24 | $1.0B | $15.9B | ||
| Q1 24 | $1.1B | $16.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | $-46.9M | $550.0M |
| FCF MarginFCF / Revenue | -62.4% | 22.6% |
| Capex IntensityCapex / Revenue | 0.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $588.0M | ||
| Q3 25 | $-33.5M | $616.0M | ||
| Q2 25 | $11.3M | $457.0M | ||
| Q1 25 | $-22.0M | $1.1B | ||
| Q4 24 | $-38.7M | $406.0M | ||
| Q3 24 | $8.0M | $571.0M | ||
| Q2 24 | $21.3M | $372.0M | ||
| Q1 24 | $-39.1M | $995.6M |
| Q4 25 | $-46.9M | $550.0M | ||
| Q3 25 | $-34.3M | $588.0M | ||
| Q2 25 | $10.3M | $421.0M | ||
| Q1 25 | $-22.4M | $1.0B | ||
| Q4 24 | $-39.5M | $359.0M | ||
| Q3 24 | $7.1M | $516.0M | ||
| Q2 24 | $18.8M | $291.0M | ||
| Q1 24 | $-45.1M | $947.6M |
| Q4 25 | -62.4% | 22.6% | ||
| Q3 25 | -48.8% | 25.0% | ||
| Q2 25 | 9.5% | 18.8% | ||
| Q1 25 | -22.7% | 46.4% | ||
| Q4 24 | -41.9% | 16.6% | ||
| Q3 24 | 8.2% | 24.7% | ||
| Q2 24 | 21.7% | 14.6% | ||
| Q1 24 | -57.6% | 49.3% |
| Q4 25 | 0.5% | 1.6% | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 0.9% | 1.6% | ||
| Q1 25 | 0.4% | 3.9% | ||
| Q4 24 | 0.9% | 2.2% | ||
| Q3 24 | 1.1% | 2.6% | ||
| Q2 24 | 2.9% | 4.1% | ||
| Q1 24 | 7.8% | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | — | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
