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Side-by-side financial comparison of Avery Dennison (AVY) 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 $2.3B, roughly 1.1× Avery Dennison). Workday, Inc. runs the higher net margin — 10.4% vs 7.3%, a 3.0% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 7.0%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $104.4M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 1.4%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
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.
AVY vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.4B |
| Net Profit | $168.1M | $252.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 10.6% |
| Net Margin | 7.3% | 10.4% |
| Revenue YoY | 7.0% | 12.6% |
| Net Profit YoY | 1.1% | 30.6% |
| EPS (diluted) | — | $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.
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $2.4B | ||
| Q3 25 | $2.2B | $2.3B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.2B | $2.2B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.0B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $252.0M | ||
| Q3 25 | $166.3M | $228.0M | ||
| Q2 25 | $189.0M | $68.0M | ||
| Q1 25 | $166.3M | $94.0M | ||
| Q4 24 | $174.0M | $193.0M | ||
| Q3 24 | $181.7M | $132.0M | ||
| Q2 24 | $176.8M | $107.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 10.6% | ||
| Q3 25 | 10.6% | 10.6% | ||
| Q2 25 | 11.5% | 1.7% | ||
| Q1 25 | 10.6% | 3.4% | ||
| Q4 24 | 11.0% | 7.6% | ||
| Q3 24 | 11.0% | 5.3% | ||
| Q2 24 | 10.7% | 3.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 10.4% | ||
| Q3 25 | 7.5% | 9.7% | ||
| Q2 25 | 8.5% | 3.0% | ||
| Q1 25 | 7.7% | 4.3% | ||
| Q4 24 | 8.0% | 8.9% | ||
| Q3 24 | 8.3% | 6.3% | ||
| Q2 24 | 7.9% | 5.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.94 | ||
| Q3 25 | $2.13 | $0.84 | ||
| Q2 25 | $2.41 | $0.25 | ||
| Q1 25 | $2.09 | $0.34 | ||
| Q4 24 | $2.17 | $0.72 | ||
| Q3 24 | $2.25 | $0.49 | ||
| Q2 24 | $2.18 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.1M | $6.8B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $8.9B |
| Total Assets | $9.0B | $17.8B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $6.8B | ||
| Q3 25 | $536.3M | $8.2B | ||
| Q2 25 | $215.9M | $8.0B | ||
| Q1 25 | $195.9M | $8.0B | ||
| Q4 24 | $329.1M | $7.2B | ||
| Q3 24 | $212.7M | $7.4B | ||
| Q2 24 | $208.8M | $7.2B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | $3.0B |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $8.9B | ||
| Q3 25 | $2.2B | $9.2B | ||
| Q2 25 | $2.2B | $8.9B | ||
| Q1 25 | $2.2B | $9.0B | ||
| Q4 24 | $2.3B | $8.6B | ||
| Q3 24 | $2.4B | $8.3B | ||
| Q2 24 | $2.3B | $8.2B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $17.8B | ||
| Q3 25 | $8.9B | $18.0B | ||
| Q2 25 | $8.6B | $17.2B | ||
| Q1 25 | $8.4B | $18.0B | ||
| Q4 24 | $8.4B | $16.4B | ||
| Q3 24 | $8.5B | $16.2B | ||
| Q2 24 | $8.3B | $15.9B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | 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 | — | $588.0M |
| Free Cash FlowOCF − Capex | $104.4M | $550.0M |
| FCF MarginFCF / Revenue | 4.5% | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $588.0M | ||
| Q3 25 | $312.1M | $616.0M | ||
| Q2 25 | $208.8M | $457.0M | ||
| Q1 25 | $-16.3M | $1.1B | ||
| Q4 24 | $351.2M | $406.0M | ||
| Q3 24 | $270.1M | $571.0M | ||
| Q2 24 | $197.7M | $372.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $550.0M | ||
| Q3 25 | $276.2M | $588.0M | ||
| Q2 25 | $178.8M | $421.0M | ||
| Q1 25 | $-52.3M | $1.0B | ||
| Q4 24 | $281.7M | $359.0M | ||
| Q3 24 | $227.1M | $516.0M | ||
| Q2 24 | $150.2M | $291.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 22.6% | ||
| Q3 25 | 12.5% | 25.0% | ||
| Q2 25 | 8.1% | 18.8% | ||
| Q1 25 | -2.4% | 46.4% | ||
| Q4 24 | 12.9% | 16.6% | ||
| Q3 24 | 10.4% | 24.7% | ||
| Q2 24 | 6.7% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.6% | ||
| Q3 25 | 1.6% | 1.2% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 1.7% | 3.9% | ||
| Q4 24 | 3.2% | 2.2% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | 2.1% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 2.33× | ||
| Q3 25 | 1.88× | 2.70× | ||
| Q2 25 | 1.10× | 6.72× | ||
| Q1 25 | -0.10× | 11.83× | ||
| Q4 24 | 2.02× | 2.10× | ||
| Q3 24 | 1.49× | 4.33× | ||
| Q2 24 | 1.12× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
