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Side-by-side financial comparison of EMCOR Group, Inc. (EME) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
EMCOR Group, Inc. is the larger business by last-quarter revenue ($4.5B vs $2.4B, roughly 1.9× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 9.6%, a 0.7% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $492.5M). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (14.7% CAGR vs 12.5%).
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
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.
EME vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $2.4B |
| Net Profit | $434.6M | $252.0M |
| Gross Margin | 19.7% | — |
| Operating Margin | 12.7% | 10.6% |
| Net Margin | 9.6% | 10.4% |
| Revenue YoY | 19.7% | 12.6% |
| Net Profit YoY | 48.8% | 30.6% |
| EPS (diluted) | $9.64 | $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 | $4.5B | $2.4B | ||
| Q3 25 | $4.3B | $2.3B | ||
| Q2 25 | $4.3B | $2.2B | ||
| Q1 25 | $3.9B | $2.2B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.7B | $2.0B | ||
| Q1 24 | $3.4B | $1.9B |
| Q4 25 | $434.6M | $252.0M | ||
| Q3 25 | $295.4M | $228.0M | ||
| Q2 25 | $302.2M | $68.0M | ||
| Q1 25 | $240.7M | $94.0M | ||
| Q4 24 | $292.2M | $193.0M | ||
| Q3 24 | $270.3M | $132.0M | ||
| Q2 24 | $247.6M | $107.0M | ||
| Q1 24 | $197.1M | $1.2B |
| Q4 25 | 19.7% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 20.1% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 18.7% | — | ||
| Q1 24 | 17.2% | — |
| Q4 25 | 12.7% | 10.6% | ||
| Q3 25 | 9.4% | 10.6% | ||
| Q2 25 | 9.6% | 1.7% | ||
| Q1 25 | 8.2% | 3.4% | ||
| Q4 24 | 10.3% | 7.6% | ||
| Q3 24 | 9.8% | 5.3% | ||
| Q2 24 | 9.1% | 3.2% | ||
| Q1 24 | 7.6% | 4.1% |
| Q4 25 | 9.6% | 10.4% | ||
| Q3 25 | 6.9% | 9.7% | ||
| Q2 25 | 7.0% | 3.0% | ||
| Q1 25 | 6.2% | 4.3% | ||
| Q4 24 | 7.7% | 8.9% | ||
| Q3 24 | 7.3% | 6.3% | ||
| Q2 24 | 6.8% | 5.4% | ||
| Q1 24 | 5.7% | 61.8% |
| Q4 25 | $9.64 | $0.94 | ||
| Q3 25 | $6.57 | $0.84 | ||
| Q2 25 | $6.72 | $0.25 | ||
| Q1 25 | $5.26 | $0.34 | ||
| Q4 24 | $6.30 | $0.72 | ||
| Q3 24 | $5.80 | $0.49 | ||
| Q2 24 | $5.25 | $0.40 | ||
| Q1 24 | $4.17 | $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 | $1.1B | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $8.9B |
| Total Assets | $9.3B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $655.1M | $8.2B | ||
| Q2 25 | $486.0M | $8.0B | ||
| Q1 25 | $576.7M | $8.0B | ||
| Q4 24 | $1.3B | $7.2B | ||
| Q3 24 | $1.0B | $7.4B | ||
| Q2 24 | $807.3M | $7.2B | ||
| Q1 24 | $841.0M | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $3.7B | $8.9B | ||
| Q3 25 | $3.3B | $9.2B | ||
| Q2 25 | $3.1B | $8.9B | ||
| Q1 25 | $2.9B | $9.0B | ||
| Q4 24 | $2.9B | $8.6B | ||
| Q3 24 | $2.8B | $8.3B | ||
| Q2 24 | $2.7B | $8.2B | ||
| Q1 24 | $2.6B | $8.1B |
| Q4 25 | $9.3B | $17.8B | ||
| Q3 25 | $8.6B | $18.0B | ||
| Q2 25 | $8.4B | $17.2B | ||
| Q1 25 | $8.1B | $18.0B | ||
| Q4 24 | $7.7B | $16.4B | ||
| Q3 24 | $7.3B | $16.2B | ||
| Q2 24 | $7.1B | $15.9B | ||
| Q1 24 | $6.7B | $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 | $524.4M | $588.0M |
| Free Cash FlowOCF − Capex | $492.5M | $550.0M |
| FCF MarginFCF / Revenue | 10.9% | 22.6% |
| Capex IntensityCapex / Revenue | 0.7% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.21× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $524.4M | $588.0M | ||
| Q3 25 | $475.5M | $616.0M | ||
| Q2 25 | $193.7M | $457.0M | ||
| Q1 25 | $108.5M | $1.1B | ||
| Q4 24 | $469.5M | $406.0M | ||
| Q3 24 | $526.4M | $571.0M | ||
| Q2 24 | $279.7M | $372.0M | ||
| Q1 24 | $132.3M | $995.6M |
| Q4 25 | $492.5M | $550.0M | ||
| Q3 25 | $448.8M | $588.0M | ||
| Q2 25 | $165.6M | $421.0M | ||
| Q1 25 | $82.3M | $1.0B | ||
| Q4 24 | $451.8M | $359.0M | ||
| Q3 24 | $508.7M | $516.0M | ||
| Q2 24 | $260.4M | $291.0M | ||
| Q1 24 | $112.0M | $947.6M |
| Q4 25 | 10.9% | 22.6% | ||
| Q3 25 | 10.4% | 25.0% | ||
| Q2 25 | 3.8% | 18.8% | ||
| Q1 25 | 2.1% | 46.4% | ||
| Q4 24 | 12.0% | 16.6% | ||
| Q3 24 | 13.8% | 24.7% | ||
| Q2 24 | 7.1% | 14.6% | ||
| Q1 24 | 3.3% | 49.3% |
| Q4 25 | 0.7% | 1.6% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.7% | 1.6% | ||
| Q1 25 | 0.7% | 3.9% | ||
| Q4 24 | 0.5% | 2.2% | ||
| Q3 24 | 0.5% | 2.6% | ||
| Q2 24 | 0.5% | 4.1% | ||
| Q1 24 | 0.6% | 2.5% |
| Q4 25 | 1.21× | 2.33× | ||
| Q3 25 | 1.61× | 2.70× | ||
| Q2 25 | 0.64× | 6.72× | ||
| Q1 25 | 0.45× | 11.83× | ||
| Q4 24 | 1.61× | 2.10× | ||
| Q3 24 | 1.95× | 4.33× | ||
| Q2 24 | 1.13× | 3.48× | ||
| Q1 24 | 0.67× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EME
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
