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Side-by-side financial comparison of Incyte (INCY) 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 $1.3B, roughly 1.9× Incyte). Incyte runs the higher net margin — 23.8% vs 10.4%, a 13.5% gap on every dollar of revenue. On growth, Incyte posted the faster year-over-year revenue change (19.8% vs 12.6%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 10.4%).
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
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.
INCY vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $2.4B |
| Net Profit | $303.3M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 23.7% | 10.6% |
| Net Margin | 23.8% | 10.4% |
| Revenue YoY | 19.8% | 12.6% |
| Net Profit YoY | 91.7% | 30.6% |
| EPS (diluted) | $1.47 | $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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.0B | $2.0B |
| Q1 26 | $303.3M | — | ||
| Q4 25 | $299.3M | $252.0M | ||
| Q3 25 | $424.2M | $228.0M | ||
| Q2 25 | $405.0M | $68.0M | ||
| Q1 25 | $158.2M | $94.0M | ||
| Q4 24 | $201.2M | $193.0M | ||
| Q3 24 | $106.5M | $132.0M | ||
| Q2 24 | $-444.6M | $107.0M |
| Q1 26 | — | — | ||
| Q4 25 | 92.0% | — | ||
| Q3 25 | 92.8% | — | ||
| Q2 25 | 93.5% | — | ||
| Q1 25 | 93.0% | — | ||
| Q4 24 | 92.5% | — | ||
| Q3 24 | 92.4% | — | ||
| Q2 24 | 92.7% | — |
| Q1 26 | 23.7% | — | ||
| Q4 25 | 22.3% | 10.6% | ||
| Q3 25 | 32.5% | 10.6% | ||
| Q2 25 | 43.6% | 1.7% | ||
| Q1 25 | 19.5% | 3.4% | ||
| Q4 24 | 25.6% | 7.6% | ||
| Q3 24 | 12.8% | 5.3% | ||
| Q2 24 | -45.8% | 3.2% |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 19.9% | 10.4% | ||
| Q3 25 | 31.1% | 9.7% | ||
| Q2 25 | 33.3% | 3.0% | ||
| Q1 25 | 15.0% | 4.3% | ||
| Q4 24 | 17.1% | 8.9% | ||
| Q3 24 | 9.4% | 6.3% | ||
| Q2 24 | -42.6% | 5.4% |
| Q1 26 | $1.47 | — | ||
| Q4 25 | $1.46 | $0.94 | ||
| Q3 25 | $2.11 | $0.84 | ||
| Q2 25 | $2.04 | $0.25 | ||
| Q1 25 | $0.80 | $0.34 | ||
| Q4 24 | $0.90 | $0.72 | ||
| Q3 24 | $0.54 | $0.49 | ||
| Q2 24 | $-2.04 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.6B | $8.9B |
| Total Assets | $7.3B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $6.8B | ||
| Q3 25 | $2.5B | $8.2B | ||
| Q2 25 | $2.0B | $8.0B | ||
| Q1 25 | $1.9B | $8.0B | ||
| Q4 24 | $1.7B | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $987.3M | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.2B | $8.9B | ||
| Q3 25 | $4.7B | $9.2B | ||
| Q2 25 | $4.2B | $8.9B | ||
| Q1 25 | $3.7B | $9.0B | ||
| Q4 24 | $3.4B | $8.6B | ||
| Q3 24 | $3.2B | $8.3B | ||
| Q2 24 | $3.0B | $8.2B |
| Q1 26 | $7.3B | — | ||
| Q4 25 | $7.0B | $17.8B | ||
| Q3 25 | $6.3B | $18.0B | ||
| Q2 25 | $5.8B | $17.2B | ||
| Q1 25 | $5.7B | $18.0B | ||
| Q4 24 | $5.4B | $16.4B | ||
| Q3 24 | $5.0B | $16.2B | ||
| Q2 24 | $4.7B | $15.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $543.3M | $588.0M | ||
| Q3 25 | $559.4M | $616.0M | ||
| Q2 25 | $44.7M | $457.0M | ||
| Q1 25 | $266.1M | $1.1B | ||
| Q4 24 | $381.2M | $406.0M | ||
| Q3 24 | $310.9M | $571.0M | ||
| Q2 24 | $-575.6M | $372.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.82× | 2.33× | ||
| Q3 25 | 1.32× | 2.70× | ||
| Q2 25 | 0.11× | 6.72× | ||
| Q1 25 | 1.68× | 11.83× | ||
| Q4 24 | 1.89× | 2.10× | ||
| Q3 24 | 2.92× | 4.33× | ||
| Q2 24 | — | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INCY
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
