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Side-by-side financial comparison of First American Financial Corp (FAF) 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 $2.0B, roughly 1.2× First American Financial Corp). Workday, Inc. runs the higher net margin — 10.4% vs 10.3%, a 0.0% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $324.5M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 12.5%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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.
FAF vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.4B |
| Net Profit | $211.9M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 14.0% | 10.6% |
| Net Margin | 10.3% | 10.4% |
| Revenue YoY | 21.6% | 12.6% |
| Net Profit YoY | 192.7% | 30.6% |
| EPS (diluted) | $2.04 | $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 | $2.0B | $2.4B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.7B | $2.2B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
| Q4 25 | $211.9M | $252.0M | ||
| Q3 25 | $189.6M | $228.0M | ||
| Q2 25 | $146.1M | $68.0M | ||
| Q1 25 | $74.2M | $94.0M | ||
| Q4 24 | $72.4M | $193.0M | ||
| Q3 24 | $-104.0M | $132.0M | ||
| Q2 24 | $116.0M | $107.0M | ||
| Q1 24 | $46.7M | $1.2B |
| Q4 25 | 14.0% | 10.6% | ||
| Q3 25 | 12.5% | 10.6% | ||
| Q2 25 | 10.6% | 1.7% | ||
| Q1 25 | 6.1% | 3.4% | ||
| Q4 24 | 5.9% | 7.6% | ||
| Q3 24 | -10.3% | 5.3% | ||
| Q2 24 | 9.4% | 3.2% | ||
| Q1 24 | 4.1% | 4.1% |
| Q4 25 | 10.3% | 10.4% | ||
| Q3 25 | 9.6% | 9.7% | ||
| Q2 25 | 7.9% | 3.0% | ||
| Q1 25 | 4.7% | 4.3% | ||
| Q4 24 | 4.3% | 8.9% | ||
| Q3 24 | -7.4% | 6.3% | ||
| Q2 24 | 7.2% | 5.4% | ||
| Q1 24 | 3.3% | 61.8% |
| Q4 25 | $2.04 | $0.94 | ||
| Q3 25 | $1.84 | $0.84 | ||
| Q2 25 | $1.41 | $0.25 | ||
| Q1 25 | $0.71 | $0.34 | ||
| Q4 24 | $0.70 | $0.72 | ||
| Q3 24 | $-1.00 | $0.49 | ||
| Q2 24 | $1.11 | $0.40 | ||
| Q1 24 | $0.45 | $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 | $1.4B | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $8.9B |
| Total Assets | $16.2B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $6.8B | ||
| Q3 25 | $2.9B | $8.2B | ||
| Q2 25 | $2.0B | $8.0B | ||
| Q1 25 | $2.0B | $8.0B | ||
| Q4 24 | $1.7B | $7.2B | ||
| Q3 24 | $3.0B | $7.4B | ||
| Q2 24 | $2.0B | $7.2B | ||
| Q1 24 | $1.5B | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $5.5B | $8.9B | ||
| Q3 25 | $5.3B | $9.2B | ||
| Q2 25 | $5.1B | $8.9B | ||
| Q1 25 | $5.0B | $9.0B | ||
| Q4 24 | $4.9B | $8.6B | ||
| Q3 24 | $5.1B | $8.3B | ||
| Q2 24 | $4.8B | $8.2B | ||
| Q1 24 | $4.8B | $8.1B |
| Q4 25 | $16.2B | $17.8B | ||
| Q3 25 | $17.6B | $18.0B | ||
| Q2 25 | $16.3B | $17.2B | ||
| Q1 25 | $15.5B | $18.0B | ||
| Q4 24 | $14.9B | $16.4B | ||
| Q3 24 | $16.6B | $16.2B | ||
| Q2 24 | $15.2B | $15.9B | ||
| Q1 24 | $14.7B | $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 | $369.3M | $588.0M |
| Free Cash FlowOCF − Capex | $324.5M | $550.0M |
| FCF MarginFCF / Revenue | 15.8% | 22.6% |
| Capex IntensityCapex / Revenue | 2.2% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.74× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $588.0M | ||
| Q3 25 | $272.5M | $616.0M | ||
| Q2 25 | $361.8M | $457.0M | ||
| Q1 25 | $-52.8M | $1.1B | ||
| Q4 24 | $324.6M | $406.0M | ||
| Q3 24 | $236.9M | $571.0M | ||
| Q2 24 | $266.7M | $372.0M | ||
| Q1 24 | $69.3M | $995.6M |
| Q4 25 | $324.5M | $550.0M | ||
| Q3 25 | $223.1M | $588.0M | ||
| Q2 25 | $309.4M | $421.0M | ||
| Q1 25 | $-94.5M | $1.0B | ||
| Q4 24 | $266.2M | $359.0M | ||
| Q3 24 | $185.4M | $516.0M | ||
| Q2 24 | $210.0M | $291.0M | ||
| Q1 24 | $17.6M | $947.6M |
| Q4 25 | 15.8% | 22.6% | ||
| Q3 25 | 11.3% | 25.0% | ||
| Q2 25 | 16.8% | 18.8% | ||
| Q1 25 | -6.0% | 46.4% | ||
| Q4 24 | 15.8% | 16.6% | ||
| Q3 24 | 13.2% | 24.7% | ||
| Q2 24 | 13.0% | 14.6% | ||
| Q1 24 | 1.2% | 49.3% |
| Q4 25 | 2.2% | 1.6% | ||
| Q3 25 | 2.5% | 1.2% | ||
| Q2 25 | 2.8% | 1.6% | ||
| Q1 25 | 2.6% | 3.9% | ||
| Q4 24 | 3.5% | 2.2% | ||
| Q3 24 | 3.7% | 2.6% | ||
| Q2 24 | 3.5% | 4.1% | ||
| Q1 24 | 3.6% | 2.5% |
| Q4 25 | 1.74× | 2.33× | ||
| Q3 25 | 1.44× | 2.70× | ||
| Q2 25 | 2.48× | 6.72× | ||
| Q1 25 | -0.71× | 11.83× | ||
| Q4 24 | 4.48× | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | 2.30× | 3.48× | ||
| Q1 24 | 1.48× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
