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Side-by-side financial comparison of Digital Realty (DLR) 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× Digital Realty). Workday, Inc. runs the higher net margin — 10.4% vs 6.0%, a 4.3% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 12.6%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 9.8%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
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.
DLR vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.4B |
| Net Profit | $98.6M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 6.9% | 10.6% |
| Net Margin | 6.0% | 10.4% |
| Revenue YoY | 16.1% | 12.6% |
| Net Profit YoY | -10.3% | 30.6% |
| EPS (diluted) | $0.22 | $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 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $252.0M | ||
| Q3 25 | $67.8M | $228.0M | ||
| Q2 25 | $1.0B | $68.0M | ||
| Q1 25 | $110.0M | $94.0M | ||
| Q4 24 | $189.6M | $193.0M | ||
| Q3 24 | $51.2M | $132.0M | ||
| Q2 24 | $80.2M | $107.0M |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 10.6% | ||
| Q3 25 | 8.8% | 10.6% | ||
| Q2 25 | 14.2% | 1.7% | ||
| Q1 25 | 13.9% | 3.4% | ||
| Q4 24 | 10.1% | 7.6% | ||
| Q3 24 | 11.8% | 5.3% | ||
| Q2 24 | 0.7% | 3.2% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 4.3% | 9.7% | ||
| Q2 25 | 69.1% | 3.0% | ||
| Q1 25 | 7.8% | 4.3% | ||
| Q4 24 | 13.2% | 8.9% | ||
| Q3 24 | 3.6% | 6.3% | ||
| Q2 24 | 5.9% | 5.4% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.94 | ||
| Q3 25 | $0.15 | $0.84 | ||
| Q2 25 | $2.94 | $0.25 | ||
| Q1 25 | $0.27 | $0.34 | ||
| Q4 24 | $0.50 | $0.72 | ||
| Q3 24 | $0.09 | $0.49 | ||
| Q2 24 | $0.20 | $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 | $3.5B | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9B | $8.9B |
| Total Assets | $49.4B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $6.8B | ||
| Q3 25 | $3.3B | $8.2B | ||
| Q2 25 | $3.6B | $8.0B | ||
| Q1 25 | $2.3B | $8.0B | ||
| Q4 24 | $3.9B | $7.2B | ||
| Q3 24 | $2.2B | $7.4B | ||
| Q2 24 | $2.3B | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $8.9B | ||
| Q3 25 | $23.0B | $9.2B | ||
| Q2 25 | $22.9B | $8.9B | ||
| Q1 25 | $21.3B | $9.0B | ||
| Q4 24 | $21.3B | $8.6B | ||
| Q3 24 | $21.2B | $8.3B | ||
| Q2 24 | $20.5B | $8.2B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $17.8B | ||
| Q3 25 | $48.7B | $18.0B | ||
| Q2 25 | $48.7B | $17.2B | ||
| Q1 25 | $45.1B | $18.0B | ||
| Q4 24 | $45.3B | $16.4B | ||
| Q3 24 | $45.3B | $16.2B | ||
| Q2 24 | $43.6B | $15.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $588.0M |
| Free Cash FlowOCF − Capex | — | $550.0M |
| FCF MarginFCF / Revenue | — | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $588.0M | ||
| Q3 25 | $652.9M | $616.0M | ||
| Q2 25 | $641.2M | $457.0M | ||
| Q1 25 | $399.1M | $1.1B | ||
| Q4 24 | $769.5M | $406.0M | ||
| Q3 24 | $566.5M | $571.0M | ||
| Q2 24 | $573.2M | $372.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | — | $421.0M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 2.33× | ||
| Q3 25 | 9.63× | 2.70× | ||
| Q2 25 | 0.62× | 6.72× | ||
| Q1 25 | 3.63× | 11.83× | ||
| Q4 24 | 4.06× | 2.10× | ||
| Q3 24 | 11.07× | 4.33× | ||
| Q2 24 | 7.15× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
