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Side-by-side financial comparison of FirstEnergy (FE) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.4B, roughly 1.6× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs -1.3%, a 11.7% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-30.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 7.5%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
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.
FE vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $2.4B |
| Net Profit | $-49.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | 10.6% |
| Net Margin | -1.3% | 10.4% |
| Revenue YoY | 19.6% | 12.6% |
| Net Profit YoY | -118.8% | 30.6% |
| EPS (diluted) | $-0.08 | $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 | $3.8B | $2.4B | ||
| Q3 25 | $4.1B | $2.3B | ||
| Q2 25 | $3.4B | $2.2B | ||
| Q1 25 | $3.8B | $2.2B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $3.7B | $2.1B | ||
| Q2 24 | $3.3B | $2.0B | ||
| Q1 24 | $3.3B | $1.9B |
| Q4 25 | $-49.0M | $252.0M | ||
| Q3 25 | $441.0M | $228.0M | ||
| Q2 25 | $268.0M | $68.0M | ||
| Q1 25 | $360.0M | $94.0M | ||
| Q4 24 | $261.0M | $193.0M | ||
| Q3 24 | $419.0M | $132.0M | ||
| Q2 24 | $45.0M | $107.0M | ||
| Q1 24 | $253.0M | $1.2B |
| Q4 25 | -0.6% | 10.6% | ||
| Q3 25 | 20.0% | 10.6% | ||
| Q2 25 | 19.1% | 1.7% | ||
| Q1 25 | 20.0% | 3.4% | ||
| Q4 24 | 19.3% | 7.6% | ||
| Q3 24 | 19.5% | 5.3% | ||
| Q2 24 | 12.9% | 3.2% | ||
| Q1 24 | 18.6% | 4.1% |
| Q4 25 | -1.3% | 10.4% | ||
| Q3 25 | 10.6% | 9.7% | ||
| Q2 25 | 7.9% | 3.0% | ||
| Q1 25 | 9.6% | 4.3% | ||
| Q4 24 | 8.2% | 8.9% | ||
| Q3 24 | 11.2% | 6.3% | ||
| Q2 24 | 1.4% | 5.4% | ||
| Q1 24 | 7.7% | 61.8% |
| Q4 25 | $-0.08 | $0.94 | ||
| Q3 25 | $0.76 | $0.84 | ||
| Q2 25 | $0.46 | $0.25 | ||
| Q1 25 | $0.62 | $0.34 | ||
| Q4 24 | $0.45 | $0.72 | ||
| Q3 24 | $0.73 | $0.49 | ||
| Q2 24 | $0.08 | $0.40 | ||
| Q1 24 | $0.44 | $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 | $57.0M | $6.8B |
| Total DebtLower is stronger | $25.5B | — |
| Stockholders' EquityBook value | $12.5B | $8.9B |
| Total Assets | $55.9B | $17.8B |
| Debt / EquityLower = less leverage | 2.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $6.8B | ||
| Q3 25 | $1.4B | $8.2B | ||
| Q2 25 | $569.0M | $8.0B | ||
| Q1 25 | $132.0M | $8.0B | ||
| Q4 24 | $111.0M | $7.2B | ||
| Q3 24 | $439.0M | $7.4B | ||
| Q2 24 | $60.0M | $7.2B | ||
| Q1 24 | $888.0M | $7.8B |
| Q4 25 | $25.5B | — | ||
| Q3 25 | $25.5B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $21.2B | — | ||
| Q4 24 | $22.5B | — | ||
| Q3 24 | $21.6B | — | ||
| Q2 24 | $20.8B | $3.0B | ||
| Q1 24 | $21.7B | $3.0B |
| Q4 25 | $12.5B | $8.9B | ||
| Q3 25 | $12.8B | $9.2B | ||
| Q2 25 | $12.9B | $8.9B | ||
| Q1 25 | $12.6B | $9.0B | ||
| Q4 24 | $12.5B | $8.6B | ||
| Q3 24 | $12.4B | $8.3B | ||
| Q2 24 | $12.5B | $8.2B | ||
| Q1 24 | $12.4B | $8.1B |
| Q4 25 | $55.9B | $17.8B | ||
| Q3 25 | $55.9B | $18.0B | ||
| Q2 25 | $54.2B | $17.2B | ||
| Q1 25 | $52.8B | $18.0B | ||
| Q4 24 | $52.0B | $16.4B | ||
| Q3 24 | $50.8B | $16.2B | ||
| Q2 24 | $51.0B | $15.9B | ||
| Q1 24 | $51.3B | $16.5B |
| Q4 25 | 2.04× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.69× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.67× | 0.37× | ||
| Q1 24 | 1.75× | 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 | $1.1B | $588.0M |
| Free Cash FlowOCF − Capex | $-30.0M | $550.0M |
| FCF MarginFCF / Revenue | -0.8% | 22.6% |
| Capex IntensityCapex / Revenue | 30.7% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $588.0M | ||
| Q3 25 | $845.0M | $616.0M | ||
| Q2 25 | $1.1B | $457.0M | ||
| Q1 25 | $637.0M | $1.1B | ||
| Q4 24 | $1.0B | $406.0M | ||
| Q3 24 | $775.0M | $571.0M | ||
| Q2 24 | $1.1B | $372.0M | ||
| Q1 24 | $-40.0M | $995.6M |
| Q4 25 | $-30.0M | $550.0M | ||
| Q3 25 | $-471.0M | $588.0M | ||
| Q2 25 | $-136.0M | $421.0M | ||
| Q1 25 | $-368.0M | $1.0B | ||
| Q4 24 | $-250.0M | $359.0M | ||
| Q3 24 | $-229.0M | $516.0M | ||
| Q2 24 | $170.0M | $291.0M | ||
| Q1 24 | $-830.0M | $947.6M |
| Q4 25 | -0.8% | 22.6% | ||
| Q3 25 | -11.4% | 25.0% | ||
| Q2 25 | -4.0% | 18.8% | ||
| Q1 25 | -9.8% | 46.4% | ||
| Q4 24 | -7.9% | 16.6% | ||
| Q3 24 | -6.1% | 24.7% | ||
| Q2 24 | 5.2% | 14.6% | ||
| Q1 24 | -25.3% | 49.3% |
| Q4 25 | 30.7% | 1.6% | ||
| Q3 25 | 31.7% | 1.2% | ||
| Q2 25 | 36.0% | 1.6% | ||
| Q1 25 | 26.7% | 3.9% | ||
| Q4 24 | 40.7% | 2.2% | ||
| Q3 24 | 26.9% | 2.6% | ||
| Q2 24 | 28.7% | 4.1% | ||
| Q1 24 | 24.0% | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.92× | 2.70× | ||
| Q2 25 | 4.04× | 6.72× | ||
| Q1 25 | 1.77× | 11.83× | ||
| Q4 24 | 4.00× | 2.10× | ||
| Q3 24 | 1.85× | 4.33× | ||
| Q2 24 | 24.71× | 3.48× | ||
| Q1 24 | -0.16× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
