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Side-by-side financial comparison of Freshworks Inc. (FRSH) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
PROCORE TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($349.1M vs $222.7M, roughly 1.6× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs -10.8%, a 96.7% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 14.5%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $60.1M). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 13.8%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
FRSH vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $349.1M |
| Net Profit | $191.4M | $-37.6M |
| Gross Margin | 85.6% | 80.1% |
| Operating Margin | 17.8% | -12.3% |
| Net Margin | 86.0% | -10.8% |
| Revenue YoY | 14.5% | 15.6% |
| Net Profit YoY | 974.2% | 39.6% |
| EPS (diluted) | $0.66 | $-0.25 |
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 | $222.7M | $349.1M | ||
| Q3 25 | $215.1M | $338.9M | ||
| Q2 25 | $204.7M | $323.9M | ||
| Q1 25 | $196.3M | $310.6M | ||
| Q4 24 | $194.6M | $302.0M | ||
| Q3 24 | $186.6M | $295.9M | ||
| Q2 24 | $174.1M | $284.3M | ||
| Q1 24 | $165.1M | $269.4M |
| Q4 25 | $191.4M | $-37.6M | ||
| Q3 25 | $-4.7M | $-9.1M | ||
| Q2 25 | $-1.7M | $-21.1M | ||
| Q1 25 | $-1.3M | $-33.0M | ||
| Q4 24 | $-21.9M | $-62.3M | ||
| Q3 24 | $-30.0M | $-26.4M | ||
| Q2 24 | $-20.2M | $-6.3M | ||
| Q1 24 | $-23.3M | $-11.0M |
| Q4 25 | 85.6% | 80.1% | ||
| Q3 25 | 84.7% | 79.7% | ||
| Q2 25 | 84.8% | 79.1% | ||
| Q1 25 | 84.8% | 79.1% | ||
| Q4 24 | 84.9% | 81.2% | ||
| Q3 24 | 84.0% | 81.4% | ||
| Q2 24 | 83.8% | 83.1% | ||
| Q1 24 | 84.3% | 83.0% |
| Q4 25 | 17.8% | -12.3% | ||
| Q3 25 | -3.5% | -4.4% | ||
| Q2 25 | -4.2% | -9.3% | ||
| Q1 25 | -5.3% | -11.7% | ||
| Q4 24 | -12.2% | -21.9% | ||
| Q3 24 | -20.8% | -12.3% | ||
| Q2 24 | -25.1% | -5.2% | ||
| Q1 24 | -19.5% | -7.0% |
| Q4 25 | 86.0% | -10.8% | ||
| Q3 25 | -2.2% | -2.7% | ||
| Q2 25 | -0.8% | -6.5% | ||
| Q1 25 | -0.7% | -10.6% | ||
| Q4 24 | -11.3% | -20.6% | ||
| Q3 24 | -16.1% | -8.9% | ||
| Q2 24 | -11.6% | -2.2% | ||
| Q1 24 | -14.1% | -4.1% |
| Q4 25 | $0.66 | $-0.25 | ||
| Q3 25 | $-0.02 | $-0.06 | ||
| Q2 25 | $-0.01 | $-0.14 | ||
| Q1 25 | $0.00 | $-0.22 | ||
| Q4 24 | $-0.07 | $-0.42 | ||
| Q3 24 | $-0.10 | $-0.18 | ||
| Q2 24 | $-0.07 | $-0.04 | ||
| Q1 24 | $-0.08 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $781.4M | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $1.3B |
| Total Assets | $1.6B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $768.5M | ||
| Q3 25 | $813.2M | $684.0M | ||
| Q2 25 | $926.2M | $620.9M | ||
| Q1 25 | $995.3M | $566.7M | ||
| Q4 24 | $1.1B | $775.4M | ||
| Q3 24 | $1.1B | $756.9M | ||
| Q2 24 | $1.0B | $735.4M | ||
| Q1 24 | $1.2B | $744.6M |
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $851.5M | $1.2B | ||
| Q2 25 | $984.6M | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
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 | $62.3M | $114.9M |
| Free Cash FlowOCF − Capex | $60.1M | $109.2M |
| FCF MarginFCF / Revenue | 27.0% | 31.3% |
| Capex IntensityCapex / Revenue | 1.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $114.9M | ||
| Q3 25 | $63.5M | $88.5M | ||
| Q2 25 | $58.6M | $30.8M | ||
| Q1 25 | $58.0M | $66.0M | ||
| Q4 24 | $41.4M | $29.1M | ||
| Q3 24 | $42.3M | $39.3M | ||
| Q2 24 | $36.3M | $58.7M | ||
| Q1 24 | $40.6M | $69.1M |
| Q4 25 | $60.1M | $109.2M | ||
| Q3 25 | $61.7M | $83.1M | ||
| Q2 25 | $58.2M | $27.9M | ||
| Q1 25 | $56.7M | $62.0M | ||
| Q4 24 | $36.3M | $17.4M | ||
| Q3 24 | $41.3M | $35.7M | ||
| Q2 24 | $34.0M | $56.8M | ||
| Q1 24 | $39.9M | $67.1M |
| Q4 25 | 27.0% | 31.3% | ||
| Q3 25 | 28.7% | 24.5% | ||
| Q2 25 | 28.4% | 8.6% | ||
| Q1 25 | 28.9% | 20.0% | ||
| Q4 24 | 18.7% | 5.8% | ||
| Q3 24 | 22.1% | 12.1% | ||
| Q2 24 | 19.5% | 20.0% | ||
| Q1 24 | 24.1% | 24.9% |
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 0.8% | 1.6% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.7% | 1.3% | ||
| Q4 24 | 2.6% | 3.9% | ||
| Q3 24 | 0.6% | 1.2% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | 0.33× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
