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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) and WORKIVA INC (WK). Click either name above to swap in a different company.

WORKIVA INC is the larger business by last-quarter revenue ($247.3M vs $197.0M, roughly 1.3× CRA INTERNATIONAL, INC.). WORKIVA INC runs the higher net margin — 7.7% vs 6.7%, a 1.0% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 11.6%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% CAGR vs 7.1%).

CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.

Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.

CRAI vs WK — Head-to-Head

Bigger by revenue
WK
WK
1.3× larger
WK
$247.3M
$197.0M
CRAI
Growing faster (revenue YoY)
WK
WK
+8.3% gap
WK
19.9%
11.6%
CRAI
Higher net margin
WK
WK
1.0% more per $
WK
7.7%
6.7%
CRAI
Faster 2-yr revenue CAGR
WK
WK
Annualised
WK
18.0%
7.1%
CRAI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CRAI
CRAI
WK
WK
Revenue
$197.0M
$247.3M
Net Profit
$13.2M
$19.0M
Gross Margin
80.4%
Operating Margin
10.5%
25.8%
Net Margin
6.7%
7.7%
Revenue YoY
11.6%
19.9%
Net Profit YoY
-12.0%
EPS (diluted)
$1.99
$0.33

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.

Revenue
CRAI
CRAI
WK
WK
Q1 26
$247.3M
Q4 25
$197.0M
$238.9M
Q3 25
$185.9M
$224.2M
Q2 25
$186.9M
$215.2M
Q1 25
$181.9M
$206.3M
Q4 24
$176.4M
$199.9M
Q3 24
$167.7M
$185.6M
Q2 24
$171.4M
$177.5M
Net Profit
CRAI
CRAI
WK
WK
Q1 26
$19.0M
Q4 25
$13.2M
$11.8M
Q3 25
$11.5M
$2.8M
Q2 25
$12.1M
$-19.4M
Q1 25
$18.0M
$-21.4M
Q4 24
$15.0M
$-8.8M
Q3 24
$11.4M
$-17.0M
Q2 24
$6.5M
$-17.5M
Gross Margin
CRAI
CRAI
WK
WK
Q1 26
80.4%
Q4 25
80.7%
Q3 25
79.3%
Q2 25
77.0%
Q1 25
76.6%
Q4 24
77.1%
Q3 24
76.5%
Q2 24
76.8%
Operating Margin
CRAI
CRAI
WK
WK
Q1 26
25.8%
Q4 25
10.5%
3.3%
Q3 25
9.3%
-1.5%
Q2 25
10.6%
-10.3%
Q1 25
14.0%
-12.0%
Q4 24
12.2%
-6.7%
Q3 24
11.0%
-11.7%
Q2 24
6.6%
-13.0%
Net Margin
CRAI
CRAI
WK
WK
Q1 26
7.7%
Q4 25
6.7%
4.9%
Q3 25
6.2%
1.2%
Q2 25
6.5%
-9.0%
Q1 25
9.9%
-10.4%
Q4 24
8.5%
-4.4%
Q3 24
6.8%
-9.2%
Q2 24
3.8%
-9.9%
EPS (diluted)
CRAI
CRAI
WK
WK
Q1 26
$0.33
Q4 25
$1.99
$0.21
Q3 25
$0.05
Q2 25
$-0.35
Q1 25
$-0.38
Q4 24
$-0.15
Q3 24
$-0.31
Q2 24
$-0.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRAI
CRAI
WK
WK
Cash + ST InvestmentsLiquidity on hand
$18.2M
$334.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$213.6M
Total Assets
$628.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRAI
CRAI
WK
WK
Q1 26
$334.3M
Q4 25
$18.2M
$338.8M
Q3 25
$22.5M
$315.9M
Q2 25
$19.4M
$284.3M
Q1 25
$25.6M
$242.0M
Q4 24
$26.7M
$301.8M
Q3 24
$24.5M
$248.2M
Q2 24
$24.6M
$267.9M
Stockholders' Equity
CRAI
CRAI
WK
WK
Q1 26
Q4 25
$213.6M
$-5.4M
Q3 25
$201.7M
$-36.9M
Q2 25
$197.0M
$-66.5M
Q1 25
$227.3M
$-75.7M
Q4 24
$212.1M
$-41.7M
Q3 24
$204.5M
$-50.8M
Q2 24
$191.7M
$-77.7M
Total Assets
CRAI
CRAI
WK
WK
Q1 26
$1.4B
Q4 25
$628.9M
$1.5B
Q3 25
$629.0M
$1.4B
Q2 25
$606.8M
$1.3B
Q1 25
$590.4M
$1.3B
Q4 24
$571.4M
$1.4B
Q3 24
$582.3M
$1.3B
Q2 24
$546.0M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CRAI
CRAI
WK
WK
Operating Cash FlowLast quarter
$22.4M
Free Cash FlowOCF − Capex
$25.7M
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$171.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRAI
CRAI
WK
WK
Q1 26
Q4 25
$22.4M
$51.0M
Q3 25
$36.5M
$46.2M
Q2 25
$5.9M
$50.3M
Q1 25
$-80.0M
$-7.4M
Q4 24
$79.4M
$44.0M
Q3 24
$31.6M
$18.9M
Q2 24
$1.8M
$-14.0K
Free Cash Flow
CRAI
CRAI
WK
WK
Q1 26
$25.7M
Q4 25
$50.7M
Q3 25
$35.9M
$46.1M
Q2 25
$4.7M
$49.3M
Q1 25
$-81.0M
$-8.1M
Q4 24
$68.8M
$43.2M
Q3 24
$28.6M
$18.7M
Q2 24
$-509.0K
$-122.0K
FCF Margin
CRAI
CRAI
WK
WK
Q1 26
10.4%
Q4 25
21.2%
Q3 25
19.3%
20.5%
Q2 25
2.5%
22.9%
Q1 25
-44.5%
-3.9%
Q4 24
39.0%
21.6%
Q3 24
17.0%
10.1%
Q2 24
-0.3%
-0.1%
Capex Intensity
CRAI
CRAI
WK
WK
Q1 26
Q4 25
0.1%
Q3 25
0.3%
0.0%
Q2 25
0.6%
0.5%
Q1 25
0.5%
0.4%
Q4 24
6.0%
0.4%
Q3 24
1.8%
0.1%
Q2 24
1.4%
0.1%
Cash Conversion
CRAI
CRAI
WK
WK
Q1 26
Q4 25
1.70×
4.31×
Q3 25
3.19×
16.57×
Q2 25
0.48×
Q1 25
-4.44×
Q4 24
5.30×
Q3 24
2.76×
Q2 24
0.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRAI
CRAI

Segment breakdown not available.

WK
WK

Subscription and support$225.4M91%
Other$22.0M9%

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