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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) 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× HERTZ GLOBAL HOLDINGS, INC). Workday, Inc. runs the higher net margin — 10.4% vs -9.6%, a 19.9% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -0.6%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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.
HTZ vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.4B |
| Net Profit | $-194.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | 10.6% |
| Net Margin | -9.6% | 10.4% |
| Revenue YoY | -0.6% | 12.6% |
| Net Profit YoY | 59.5% | 30.6% |
| EPS (diluted) | $-0.46 | $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 | $2.5B | $2.3B | ||
| Q2 25 | $2.2B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.4B | $2.0B | ||
| Q1 24 | $2.1B | $1.9B |
| Q4 25 | $-194.0M | $252.0M | ||
| Q3 25 | $184.0M | $228.0M | ||
| Q2 25 | $-294.0M | $68.0M | ||
| Q1 25 | $-443.0M | $94.0M | ||
| Q4 24 | $-479.0M | $193.0M | ||
| Q3 24 | $-1.3B | $132.0M | ||
| Q2 24 | $-865.0M | $107.0M | ||
| Q1 24 | $-186.0M | $1.2B |
| Q4 25 | -11.0% | 10.6% | ||
| Q3 25 | 9.4% | 10.6% | ||
| Q2 25 | -14.5% | 1.7% | ||
| Q1 25 | -29.0% | 3.4% | ||
| Q4 24 | -27.6% | 7.6% | ||
| Q3 24 | -62.9% | 5.3% | ||
| Q2 24 | -20.1% | 3.2% | ||
| Q1 24 | -27.9% | 4.1% |
| Q4 25 | -9.6% | 10.4% | ||
| Q3 25 | 7.4% | 9.7% | ||
| Q2 25 | -13.5% | 3.0% | ||
| Q1 25 | -24.4% | 4.3% | ||
| Q4 24 | -23.5% | 8.9% | ||
| Q3 24 | -51.7% | 6.3% | ||
| Q2 24 | -36.8% | 5.4% | ||
| Q1 24 | -8.9% | 61.8% |
| Q4 25 | $-0.46 | $0.94 | ||
| Q3 25 | $0.42 | $0.84 | ||
| Q2 25 | $-0.95 | $0.25 | ||
| Q1 25 | $-1.44 | $0.34 | ||
| Q4 24 | $-1.57 | $0.72 | ||
| Q3 24 | $-4.34 | $0.49 | ||
| Q2 24 | $-2.82 | $0.40 | ||
| Q1 24 | $-0.61 | $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 | $565.0M | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $8.9B |
| Total Assets | $22.3B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $6.8B | ||
| Q3 25 | $1.1B | $8.2B | ||
| Q2 25 | $503.0M | $8.0B | ||
| Q1 25 | $626.0M | $8.0B | ||
| Q4 24 | $592.0M | $7.2B | ||
| Q3 24 | $501.0M | $7.4B | ||
| Q2 24 | $568.0M | $7.2B | ||
| Q1 24 | $465.0M | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $-459.0M | $8.9B | ||
| Q3 25 | $-317.0M | $9.2B | ||
| Q2 25 | $-504.0M | $8.9B | ||
| Q1 25 | $-262.0M | $9.0B | ||
| Q4 24 | $153.0M | $8.6B | ||
| Q3 24 | $681.0M | $8.3B | ||
| Q2 24 | $2.0B | $8.2B | ||
| Q1 24 | $2.8B | $8.1B |
| Q4 25 | $22.3B | $17.8B | ||
| Q3 25 | $23.0B | $18.0B | ||
| Q2 25 | $23.1B | $17.2B | ||
| Q1 25 | $22.0B | $18.0B | ||
| Q4 24 | $21.8B | $16.4B | ||
| Q3 24 | $23.0B | $16.2B | ||
| Q2 24 | $25.2B | $15.9B | ||
| Q1 24 | $24.3B | $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 | $193.0M | $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.
| Q4 25 | $193.0M | $588.0M | ||
| Q3 25 | $835.0M | $616.0M | ||
| Q2 25 | $346.0M | $457.0M | ||
| Q1 25 | $251.0M | $1.1B | ||
| Q4 24 | $414.0M | $406.0M | ||
| Q3 24 | $894.0M | $571.0M | ||
| Q2 24 | $546.0M | $372.0M | ||
| Q1 24 | $370.0M | $995.6M |
| Q4 25 | — | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | — | $421.0M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M | ||
| Q1 24 | — | $947.6M |
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | — | 49.3% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 4.54× | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
