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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $2.4B, roughly 1.9× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 0.6%, a 9.7% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 7.1%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $168.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 3.5%).
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
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.
MAN vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.4B |
| Net Profit | $30.2M | $252.0M |
| Gross Margin | 16.3% | — |
| Operating Margin | 1.7% | 10.6% |
| Net Margin | 0.6% | 10.4% |
| Revenue YoY | 7.1% | 12.6% |
| Net Profit YoY | 34.2% | 30.6% |
| EPS (diluted) | $0.65 | $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 | $4.7B | $2.4B | ||
| Q3 25 | $4.6B | $2.3B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.1B | $2.2B | ||
| Q4 24 | $4.4B | $2.2B | ||
| Q3 24 | $4.5B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B | ||
| Q1 24 | $4.4B | $1.9B |
| Q4 25 | $30.2M | $252.0M | ||
| Q3 25 | $18.0M | $228.0M | ||
| Q2 25 | $-67.1M | $68.0M | ||
| Q1 25 | $5.6M | $94.0M | ||
| Q4 24 | $22.5M | $193.0M | ||
| Q3 24 | $22.8M | $132.0M | ||
| Q2 24 | $60.1M | $107.0M | ||
| Q1 24 | $39.7M | $1.2B |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 17.3% | — |
| Q4 25 | 1.7% | 10.6% | ||
| Q3 25 | 1.4% | 10.6% | ||
| Q2 25 | -0.6% | 1.7% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 1.6% | 7.6% | ||
| Q3 24 | 1.6% | 5.3% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 1.5% | 4.1% |
| Q4 25 | 0.6% | 10.4% | ||
| Q3 25 | 0.4% | 9.7% | ||
| Q2 25 | -1.5% | 3.0% | ||
| Q1 25 | 0.1% | 4.3% | ||
| Q4 24 | 0.5% | 8.9% | ||
| Q3 24 | 0.5% | 6.3% | ||
| Q2 24 | 1.3% | 5.4% | ||
| Q1 24 | 0.9% | 61.8% |
| Q4 25 | $0.65 | $0.94 | ||
| Q3 25 | $0.38 | $0.84 | ||
| Q2 25 | $-1.44 | $0.25 | ||
| Q1 25 | $0.12 | $0.34 | ||
| Q4 24 | $0.49 | $0.72 | ||
| Q3 24 | $0.47 | $0.49 | ||
| Q2 24 | $1.24 | $0.40 | ||
| Q1 24 | $0.81 | $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 | $871.0M | $6.8B |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $2.1B | $8.9B |
| Total Assets | $9.2B | $17.8B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $6.8B | ||
| Q3 25 | $274.6M | $8.2B | ||
| Q2 25 | $289.8M | $8.0B | ||
| Q1 25 | $395.0M | $8.0B | ||
| Q4 24 | $509.4M | $7.2B | ||
| Q3 24 | $410.9M | $7.4B | ||
| Q2 24 | $468.9M | $7.2B | ||
| Q1 24 | $604.8M | $7.8B |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $468.3M | — | ||
| Q2 25 | $470.3M | — | ||
| Q1 25 | $971.4M | — | ||
| Q4 24 | $929.4M | — | ||
| Q3 24 | $999.7M | — | ||
| Q2 24 | $961.7M | $3.0B | ||
| Q1 24 | $968.9M | $3.0B |
| Q4 25 | $2.1B | $8.9B | ||
| Q3 25 | $2.0B | $9.2B | ||
| Q2 25 | $2.0B | $8.9B | ||
| Q1 25 | $2.1B | $9.0B | ||
| Q4 24 | $2.1B | $8.6B | ||
| Q3 24 | $2.2B | $8.3B | ||
| Q2 24 | $2.1B | $8.2B | ||
| Q1 24 | $2.2B | $8.1B |
| Q4 25 | $9.2B | $17.8B | ||
| Q3 25 | $8.4B | $18.0B | ||
| Q2 25 | $8.5B | $17.2B | ||
| Q1 25 | $8.0B | $18.0B | ||
| Q4 24 | $8.2B | $16.4B | ||
| Q3 24 | $8.5B | $16.2B | ||
| Q2 24 | $8.5B | $15.9B | ||
| Q1 24 | $8.5B | $16.5B |
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.45× | 0.37× | ||
| Q1 24 | 0.45× | 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 | $178.9M | $588.0M |
| Free Cash FlowOCF − Capex | $168.0M | $550.0M |
| FCF MarginFCF / Revenue | 3.6% | 22.6% |
| Capex IntensityCapex / Revenue | 0.2% | 1.6% |
| Cash ConversionOCF / Net Profit | 5.92× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $588.0M | ||
| Q3 25 | $59.8M | $616.0M | ||
| Q2 25 | $-189.6M | $457.0M | ||
| Q1 25 | $-153.2M | $1.1B | ||
| Q4 24 | $247.6M | $406.0M | ||
| Q3 24 | $83.5M | $571.0M | ||
| Q2 24 | $-137.9M | $372.0M | ||
| Q1 24 | $116.0M | $995.6M |
| Q4 25 | $168.0M | $550.0M | ||
| Q3 25 | $44.7M | $588.0M | ||
| Q2 25 | $-207.2M | $421.0M | ||
| Q1 25 | $-166.9M | $1.0B | ||
| Q4 24 | $236.3M | $359.0M | ||
| Q3 24 | $67.4M | $516.0M | ||
| Q2 24 | $-149.8M | $291.0M | ||
| Q1 24 | $104.2M | $947.6M |
| Q4 25 | 3.6% | 22.6% | ||
| Q3 25 | 1.0% | 25.0% | ||
| Q2 25 | -4.6% | 18.8% | ||
| Q1 25 | -4.1% | 46.4% | ||
| Q4 24 | 5.4% | 16.6% | ||
| Q3 24 | 1.5% | 24.7% | ||
| Q2 24 | -3.3% | 14.6% | ||
| Q1 24 | 2.4% | 49.3% |
| Q4 25 | 0.2% | 1.6% | ||
| Q3 25 | 0.3% | 1.2% | ||
| Q2 25 | 0.4% | 1.6% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.4% | 2.6% | ||
| Q2 24 | 0.3% | 4.1% | ||
| Q1 24 | 0.3% | 2.5% |
| Q4 25 | 5.92× | 2.33× | ||
| Q3 25 | 3.32× | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | -27.36× | 11.83× | ||
| Q4 24 | 11.00× | 2.10× | ||
| Q3 24 | 3.66× | 4.33× | ||
| Q2 24 | -2.29× | 3.48× | ||
| Q1 24 | 2.92× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 0% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
