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Side-by-side financial comparison of KeyCorp (KEY) 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× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 10.4%, a 15.1% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 12.6%). KeyCorp produced more free cash flow last quarter ($2.1B vs $550.0M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs 12.5%).
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
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.
KEY vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.4B |
| Net Profit | $510.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 32.3% | 10.6% |
| Net Margin | 25.4% | 10.4% |
| Revenue YoY | 131.8% | 12.6% |
| Net Profit YoY | 309.0% | 30.6% |
| EPS (diluted) | $0.43 | $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 | $1.9B | $2.3B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $865.0M | $2.2B | ||
| Q3 24 | $695.0M | $2.1B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | $510.0M | $252.0M | ||
| Q3 25 | $489.0M | $228.0M | ||
| Q2 25 | $425.0M | $68.0M | ||
| Q1 25 | $405.0M | $94.0M | ||
| Q4 24 | $-244.0M | $193.0M | ||
| Q3 24 | $-410.0M | $132.0M | ||
| Q2 24 | $274.0M | $107.0M | ||
| Q1 24 | $219.0M | $1.2B |
| Q4 25 | 32.3% | 10.6% | ||
| Q3 25 | 31.8% | 10.6% | ||
| Q2 25 | 29.3% | 1.7% | ||
| Q1 25 | 29.0% | 3.4% | ||
| Q4 24 | -92.6% | 7.6% | ||
| Q3 24 | -72.8% | 5.3% | ||
| Q2 24 | 22.0% | 3.2% | ||
| Q1 24 | 18.1% | 4.1% |
| Q4 25 | 25.4% | 10.4% | ||
| Q3 25 | 25.8% | 9.7% | ||
| Q2 25 | 23.1% | 3.0% | ||
| Q1 25 | 22.8% | 4.3% | ||
| Q4 24 | -54.7% | 8.9% | ||
| Q3 24 | -59.0% | 6.3% | ||
| Q2 24 | 18.0% | 5.4% | ||
| Q1 24 | 14.3% | 61.8% |
| Q4 25 | $0.43 | $0.94 | ||
| Q3 25 | $0.41 | $0.84 | ||
| Q2 25 | $0.35 | $0.25 | ||
| Q1 25 | $0.33 | $0.34 | ||
| Q4 24 | $-0.30 | $0.72 | ||
| Q3 24 | $-0.47 | $0.49 | ||
| Q2 24 | $0.25 | $0.40 | ||
| Q1 24 | $0.20 | $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 | $10.2B | $6.8B |
| Total DebtLower is stronger | $9.9B | — |
| Stockholders' EquityBook value | $20.4B | $8.9B |
| Total Assets | $184.4B | $17.8B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.2B | $6.8B | ||
| Q3 25 | $13.3B | $8.2B | ||
| Q2 25 | $11.6B | $8.0B | ||
| Q1 25 | $15.3B | $8.0B | ||
| Q4 24 | $17.5B | $7.2B | ||
| Q3 24 | $22.8B | $7.4B | ||
| Q2 24 | $15.5B | $7.2B | ||
| Q1 24 | $13.2B | $7.8B |
| Q4 25 | $9.9B | — | ||
| Q3 25 | $10.9B | — | ||
| Q2 25 | $12.1B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $12.1B | — | ||
| Q3 24 | $15.7B | — | ||
| Q2 24 | $16.9B | $3.0B | ||
| Q1 24 | $20.8B | $3.0B |
| Q4 25 | $20.4B | $8.9B | ||
| Q3 25 | $20.1B | $9.2B | ||
| Q2 25 | $19.5B | $8.9B | ||
| Q1 25 | $19.0B | $9.0B | ||
| Q4 24 | $18.2B | $8.6B | ||
| Q3 24 | $16.9B | $8.3B | ||
| Q2 24 | $14.8B | $8.2B | ||
| Q1 24 | $14.5B | $8.1B |
| Q4 25 | $184.4B | $17.8B | ||
| Q3 25 | $187.4B | $18.0B | ||
| Q2 25 | $185.5B | $17.2B | ||
| Q1 25 | $188.7B | $18.0B | ||
| Q4 24 | $187.2B | $16.4B | ||
| Q3 24 | $189.8B | $16.2B | ||
| Q2 24 | $187.4B | $15.9B | ||
| Q1 24 | $187.5B | $16.5B |
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 1.14× | 0.37× | ||
| Q1 24 | 1.43× | 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 | $2.2B | $588.0M |
| Free Cash FlowOCF − Capex | $2.1B | $550.0M |
| FCF MarginFCF / Revenue | 104.8% | 22.6% |
| Capex IntensityCapex / Revenue | 5.3% | 1.6% |
| Cash ConversionOCF / Net Profit | 4.33× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2B | $588.0M | ||
| Q3 25 | $396.0M | $616.0M | ||
| Q2 25 | $1.2B | $457.0M | ||
| Q1 25 | $-140.0M | $1.1B | ||
| Q4 24 | $664.0M | $406.0M | ||
| Q3 24 | $-1.2B | $571.0M | ||
| Q2 24 | $-217.0M | $372.0M | ||
| Q1 24 | $359.0M | $995.6M |
| Q4 25 | $2.1B | $550.0M | ||
| Q3 25 | $367.0M | $588.0M | ||
| Q2 25 | $1.2B | $421.0M | ||
| Q1 25 | $-150.0M | $1.0B | ||
| Q4 24 | $599.0M | $359.0M | ||
| Q3 24 | $-1.2B | $516.0M | ||
| Q2 24 | $-230.0M | $291.0M | ||
| Q1 24 | $347.0M | $947.6M |
| Q4 25 | 104.8% | 22.6% | ||
| Q3 25 | 19.4% | 25.0% | ||
| Q2 25 | 65.8% | 18.8% | ||
| Q1 25 | -8.5% | 46.4% | ||
| Q4 24 | 69.2% | 16.6% | ||
| Q3 24 | -175.8% | 24.7% | ||
| Q2 24 | -15.1% | 14.6% | ||
| Q1 24 | 22.6% | 49.3% |
| Q4 25 | 5.3% | 1.6% | ||
| Q3 25 | 1.5% | 1.2% | ||
| Q2 25 | 1.3% | 1.6% | ||
| Q1 25 | 0.6% | 3.9% | ||
| Q4 24 | 7.5% | 2.2% | ||
| Q3 24 | 2.4% | 2.6% | ||
| Q2 24 | 0.9% | 4.1% | ||
| Q1 24 | 0.8% | 2.5% |
| Q4 25 | 4.33× | 2.33× | ||
| Q3 25 | 0.81× | 2.70× | ||
| Q2 25 | 2.90× | 6.72× | ||
| Q1 25 | -0.35× | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | -0.79× | 3.48× | ||
| Q1 24 | 1.64× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KEY
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
