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Side-by-side financial comparison of Ecolab (ECL) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Ecolab is the larger business by last-quarter revenue ($4.1B vs $2.4B, roughly 1.7× Workday, Inc.). Ecolab runs the higher net margin — 10.6% vs 10.4%, a 0.3% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 10.0%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 1.0%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
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.
ECL vs WDAY — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $2.4B |
| Net Profit | $432.6M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 15.3% | 10.6% |
| Net Margin | 10.6% | 10.4% |
| Revenue YoY | 10.0% | 12.6% |
| Net Profit YoY | 1.3% | 30.6% |
| EPS (diluted) | $1.52 | $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.
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $2.4B | ||
| Q3 25 | $4.2B | $2.3B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $3.7B | $2.2B | ||
| Q4 24 | $4.0B | $2.2B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.0B | $2.0B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $252.0M | ||
| Q3 25 | $585.0M | $228.0M | ||
| Q2 25 | $524.2M | $68.0M | ||
| Q1 25 | $402.5M | $94.0M | ||
| Q4 24 | $472.9M | $193.0M | ||
| Q3 24 | $736.5M | $132.0M | ||
| Q2 24 | $490.9M | $107.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 44.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 43.4% | — | ||
| Q2 24 | 43.8% | — |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 10.6% | ||
| Q3 25 | 18.3% | 10.6% | ||
| Q2 25 | 17.6% | 1.7% | ||
| Q1 25 | 15.0% | 3.4% | ||
| Q4 24 | 14.6% | 7.6% | ||
| Q3 24 | 26.1% | 5.3% | ||
| Q2 24 | 16.5% | 3.2% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 10.4% | ||
| Q3 25 | 14.0% | 9.7% | ||
| Q2 25 | 13.0% | 3.0% | ||
| Q1 25 | 10.9% | 4.3% | ||
| Q4 24 | 11.8% | 8.9% | ||
| Q3 24 | 18.4% | 6.3% | ||
| Q2 24 | 12.3% | 5.4% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $0.94 | ||
| Q3 25 | $2.05 | $0.84 | ||
| Q2 25 | $1.84 | $0.25 | ||
| Q1 25 | $1.41 | $0.34 | ||
| Q4 24 | $1.65 | $0.72 | ||
| Q3 24 | $2.58 | $0.49 | ||
| Q2 24 | $1.71 | $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 | $519.8K | $6.8B |
| Total DebtLower is stronger | $8.5M | — |
| Stockholders' EquityBook value | $10.0M | $8.9B |
| Total Assets | $25.0M | $17.8B |
| Debt / EquityLower = less leverage | 0.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $6.8B | ||
| Q3 25 | $2.0B | $8.2B | ||
| Q2 25 | $1.9B | $8.0B | ||
| Q1 25 | $1.2B | $8.0B | ||
| Q4 24 | $1.3B | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $384.0M | $7.2B |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.5B | $3.0B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $8.9B | ||
| Q3 25 | $9.7B | $9.2B | ||
| Q2 25 | $9.3B | $8.9B | ||
| Q1 25 | $8.9B | $9.0B | ||
| Q4 24 | $8.8B | $8.6B | ||
| Q3 24 | $8.5B | $8.3B | ||
| Q2 24 | $8.3B | $8.2B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $17.8B | ||
| Q3 25 | $23.9B | $18.0B | ||
| Q2 25 | $23.7B | $17.2B | ||
| Q1 25 | $22.4B | $18.0B | ||
| Q4 24 | $22.4B | $16.4B | ||
| Q3 24 | $22.1B | $16.2B | ||
| Q2 24 | $21.5B | $15.9B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.91× | 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.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $588.0M | ||
| Q3 25 | $791.3M | $616.0M | ||
| Q2 25 | $701.8M | $457.0M | ||
| Q1 25 | $369.4M | $1.1B | ||
| Q4 24 | $766.7M | $406.0M | ||
| Q3 24 | $786.7M | $571.0M | ||
| Q2 24 | $611.1M | $372.0M |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $550.0M | ||
| Q3 25 | $529.7M | $588.0M | ||
| Q2 25 | $485.1M | $421.0M | ||
| Q1 25 | $131.5M | $1.0B | ||
| Q4 24 | $407.0M | $359.0M | ||
| Q3 24 | $550.3M | $516.0M | ||
| Q2 24 | $414.2M | $291.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 22.6% | ||
| Q3 25 | 12.7% | 25.0% | ||
| Q2 25 | 12.1% | 18.8% | ||
| Q1 25 | 3.6% | 46.4% | ||
| Q4 24 | 10.2% | 16.6% | ||
| Q3 24 | 13.8% | 24.7% | ||
| Q2 24 | 10.4% | 14.6% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 1.6% | ||
| Q3 25 | 6.3% | 1.2% | ||
| Q2 25 | 5.4% | 1.6% | ||
| Q1 25 | 6.4% | 3.9% | ||
| Q4 24 | 9.0% | 2.2% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 4.9% | 4.1% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 2.33× | ||
| Q3 25 | 1.35× | 2.70× | ||
| Q2 25 | 1.34× | 6.72× | ||
| Q1 25 | 0.92× | 11.83× | ||
| Q4 24 | 1.62× | 2.10× | ||
| Q3 24 | 1.07× | 4.33× | ||
| Q2 24 | 1.24× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
