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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) 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 $1.6B, roughly 1.5× Bath & Body Works, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 4.8%, a 5.5% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -1.0%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-1.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
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.
BBWI vs WDAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.4B |
| Net Profit | $77.0M | $252.0M |
| Gross Margin | 41.3% | — |
| Operating Margin | 10.1% | 10.6% |
| Net Margin | 4.8% | 10.4% |
| Revenue YoY | -1.0% | 12.6% |
| Net Profit YoY | -27.4% | 30.6% |
| EPS (diluted) | $0.37 | $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 | $1.6B | $2.4B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $2.8B | $2.2B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $2.9B | $1.9B |
| Q4 25 | $77.0M | $252.0M | ||
| Q3 25 | $64.0M | $228.0M | ||
| Q2 25 | $105.0M | $68.0M | ||
| Q1 25 | $453.0M | $94.0M | ||
| Q4 24 | $106.0M | $193.0M | ||
| Q3 24 | $152.0M | $132.0M | ||
| Q2 24 | $87.0M | $107.0M | ||
| Q1 24 | $579.0M | $1.2B |
| Q4 25 | 41.3% | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 43.5% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 45.9% | — |
| Q4 25 | 10.1% | 10.6% | ||
| Q3 25 | 10.1% | 10.6% | ||
| Q2 25 | 14.7% | 1.7% | ||
| Q1 25 | 24.3% | 3.4% | ||
| Q4 24 | 13.5% | 7.6% | ||
| Q3 24 | 12.0% | 5.3% | ||
| Q2 24 | 13.5% | 3.2% | ||
| Q1 24 | 23.9% | 4.1% |
| Q4 25 | 4.8% | 10.4% | ||
| Q3 25 | 4.1% | 9.7% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 16.3% | 4.3% | ||
| Q4 24 | 6.6% | 8.9% | ||
| Q3 24 | 10.0% | 6.3% | ||
| Q2 24 | 6.3% | 5.4% | ||
| Q1 24 | 19.9% | 61.8% |
| Q4 25 | $0.37 | $0.94 | ||
| Q3 25 | $0.30 | $0.84 | ||
| Q2 25 | $0.49 | $0.25 | ||
| Q1 25 | $2.06 | $0.34 | ||
| Q4 24 | $0.49 | $0.72 | ||
| Q3 24 | $0.68 | $0.49 | ||
| Q2 24 | $0.38 | $0.40 | ||
| Q1 24 | $2.54 | $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 | $236.0M | $6.8B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | $8.9B |
| Total Assets | $5.0B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.0M | $6.8B | ||
| Q3 25 | $364.0M | $8.2B | ||
| Q2 25 | $636.0M | $8.0B | ||
| Q1 25 | $674.0M | $8.0B | ||
| Q4 24 | $191.0M | $7.2B | ||
| Q3 24 | $514.0M | $7.4B | ||
| Q2 24 | $855.0M | $7.2B | ||
| Q1 24 | $1.1B | $7.8B |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | $3.0B | ||
| Q1 24 | $4.4B | $3.0B |
| Q4 25 | $-1.6B | $8.9B | ||
| Q3 25 | $-1.5B | $9.2B | ||
| Q2 25 | $-1.5B | $8.9B | ||
| Q1 25 | $-1.4B | $9.0B | ||
| Q4 24 | $-1.7B | $8.6B | ||
| Q3 24 | $-1.7B | $8.3B | ||
| Q2 24 | $-1.7B | $8.2B | ||
| Q1 24 | $-1.6B | $8.1B |
| Q4 25 | $5.0B | $17.8B | ||
| Q3 25 | $4.8B | $18.0B | ||
| Q2 25 | $4.9B | $17.2B | ||
| Q1 25 | $4.9B | $18.0B | ||
| Q4 24 | $5.0B | $16.4B | ||
| Q3 24 | $4.9B | $16.2B | ||
| Q2 24 | $5.2B | $15.9B | ||
| Q1 24 | $5.5B | $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 | $80.0M | $588.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $550.0M |
| FCF MarginFCF / Revenue | -0.1% | 22.6% |
| Capex IntensityCapex / Revenue | 5.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.04× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.0M | $588.0M | ||
| Q3 25 | $-43.0M | $616.0M | ||
| Q2 25 | $188.0M | $457.0M | ||
| Q1 25 | $955.0M | $1.1B | ||
| Q4 24 | $-99.0M | $406.0M | ||
| Q3 24 | $-46.0M | $571.0M | ||
| Q2 24 | $76.0M | $372.0M | ||
| Q1 24 | $926.0M | $995.6M |
| Q4 25 | $-1.0M | $550.0M | ||
| Q3 25 | $-99.0M | $588.0M | ||
| Q2 25 | $151.0M | $421.0M | ||
| Q1 25 | $895.0M | $1.0B | ||
| Q4 24 | $-164.0M | $359.0M | ||
| Q3 24 | $-101.0M | $516.0M | ||
| Q2 24 | $30.0M | $291.0M | ||
| Q1 24 | $878.0M | $947.6M |
| Q4 25 | -0.1% | 22.6% | ||
| Q3 25 | -6.4% | 25.0% | ||
| Q2 25 | 10.6% | 18.8% | ||
| Q1 25 | 32.1% | 46.4% | ||
| Q4 24 | -10.2% | 16.6% | ||
| Q3 24 | -6.6% | 24.7% | ||
| Q2 24 | 2.2% | 14.6% | ||
| Q1 24 | 30.2% | 49.3% |
| Q4 25 | 5.1% | 1.6% | ||
| Q3 25 | 3.6% | 1.2% | ||
| Q2 25 | 2.6% | 1.6% | ||
| Q1 25 | 2.2% | 3.9% | ||
| Q4 24 | 4.0% | 2.2% | ||
| Q3 24 | 3.6% | 2.6% | ||
| Q2 24 | 3.3% | 4.1% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 1.04× | 2.33× | ||
| Q3 25 | -0.67× | 2.70× | ||
| Q2 25 | 1.79× | 6.72× | ||
| Q1 25 | 2.11× | 11.83× | ||
| Q4 24 | -0.93× | 2.10× | ||
| Q3 24 | -0.30× | 4.33× | ||
| Q2 24 | 0.87× | 3.48× | ||
| Q1 24 | 1.60× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
