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Side-by-side financial comparison of Murphy USA Inc. (MUSA) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Murphy USA Inc. is the larger business by last-quarter revenue ($4.7B vs $2.4B, roughly 2.0× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 3.0%, a 7.4% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 0.7%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $128.8M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs -1.0%).
Murphy USA is an American corporation based in El Dorado, Arkansas that operates a chain of retail gas stations that are primarily located in proximity to Walmart stores. It was founded as a spin-off of Murphy Oil in 2013.
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.
MUSA vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $2.4B |
| Net Profit | $141.9M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 4.4% | 10.6% |
| Net Margin | 3.0% | 10.4% |
| Revenue YoY | 0.7% | 12.6% |
| Net Profit YoY | -0.4% | 30.6% |
| EPS (diluted) | $7.35 | $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 | $5.1B | $2.3B | ||
| Q2 25 | $5.0B | $2.2B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $4.7B | $2.2B | ||
| Q3 24 | $5.2B | $2.1B | ||
| Q2 24 | $5.5B | $2.0B | ||
| Q1 24 | $4.8B | $1.9B |
| Q4 25 | $141.9M | $252.0M | ||
| Q3 25 | $129.9M | $228.0M | ||
| Q2 25 | $145.6M | $68.0M | ||
| Q1 25 | $53.2M | $94.0M | ||
| Q4 24 | $142.5M | $193.0M | ||
| Q3 24 | $149.2M | $132.0M | ||
| Q2 24 | $144.8M | $107.0M | ||
| Q1 24 | $66.0M | $1.2B |
| Q4 25 | 4.4% | 10.6% | ||
| Q3 25 | 3.9% | 10.6% | ||
| Q2 25 | 4.4% | 1.7% | ||
| Q1 25 | 1.9% | 3.4% | ||
| Q4 24 | 4.2% | 7.6% | ||
| Q3 24 | 4.2% | 5.3% | ||
| Q2 24 | 4.0% | 3.2% | ||
| Q1 24 | 2.2% | 4.1% |
| Q4 25 | 3.0% | 10.4% | ||
| Q3 25 | 2.5% | 9.7% | ||
| Q2 25 | 2.9% | 3.0% | ||
| Q1 25 | 1.2% | 4.3% | ||
| Q4 24 | 3.0% | 8.9% | ||
| Q3 24 | 2.8% | 6.3% | ||
| Q2 24 | 2.7% | 5.4% | ||
| Q1 24 | 1.4% | 61.8% |
| Q4 25 | $7.35 | $0.94 | ||
| Q3 25 | $6.76 | $0.84 | ||
| Q2 25 | $7.36 | $0.25 | ||
| Q1 25 | $2.63 | $0.34 | ||
| Q4 24 | $6.87 | $0.72 | ||
| Q3 24 | $7.20 | $0.49 | ||
| Q2 24 | $6.92 | $0.40 | ||
| Q1 24 | $3.12 | $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 | $28.9M | $6.8B |
| Total DebtLower is stronger | $2.2B | — |
| Stockholders' EquityBook value | $623.5M | $8.9B |
| Total Assets | $4.7B | $17.8B |
| Debt / EquityLower = less leverage | 3.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $6.8B | ||
| Q3 25 | $42.8M | $8.2B | ||
| Q2 25 | $54.1M | $8.0B | ||
| Q1 25 | $49.4M | $8.0B | ||
| Q4 24 | $47.0M | $7.2B | ||
| Q3 24 | $52.5M | $7.4B | ||
| Q2 24 | $79.8M | $7.2B | ||
| Q1 24 | $56.7M | $7.8B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | $3.0B | ||
| Q1 24 | $1.8B | $3.0B |
| Q4 25 | $623.5M | $8.9B | ||
| Q3 25 | $546.0M | $9.2B | ||
| Q2 25 | $646.1M | $8.9B | ||
| Q1 25 | $719.6M | $9.0B | ||
| Q4 24 | $840.1M | $8.6B | ||
| Q3 24 | $830.1M | $8.3B | ||
| Q2 24 | $811.3M | $8.2B | ||
| Q1 24 | $781.6M | $8.1B |
| Q4 25 | $4.7B | $17.8B | ||
| Q3 25 | $4.7B | $18.0B | ||
| Q2 25 | $4.6B | $17.2B | ||
| Q1 25 | $4.5B | $18.0B | ||
| Q4 24 | $4.5B | $16.4B | ||
| Q3 24 | $4.4B | $16.2B | ||
| Q2 24 | $4.4B | $15.9B | ||
| Q1 24 | $4.3B | $16.5B |
| Q4 25 | 3.47× | — | ||
| Q3 25 | 4.07× | — | ||
| Q2 25 | 3.20× | — | ||
| Q1 25 | 2.74× | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 2.19× | — | ||
| Q2 24 | 2.20× | 0.37× | ||
| Q1 24 | 2.28× | 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 | $245.5M | $588.0M |
| Free Cash FlowOCF − Capex | $128.8M | $550.0M |
| FCF MarginFCF / Revenue | 2.7% | 22.6% |
| Capex IntensityCapex / Revenue | 2.5% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.73× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $374.3M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.5M | $588.0M | ||
| Q3 25 | $184.8M | $616.0M | ||
| Q2 25 | $255.1M | $457.0M | ||
| Q1 25 | $128.5M | $1.1B | ||
| Q4 24 | $248.7M | $406.0M | ||
| Q3 24 | $202.1M | $571.0M | ||
| Q2 24 | $260.8M | $372.0M | ||
| Q1 24 | $136.0M | $995.6M |
| Q4 25 | $128.8M | $550.0M | ||
| Q3 25 | $67.7M | $588.0M | ||
| Q2 25 | $137.1M | $421.0M | ||
| Q1 25 | $40.7M | $1.0B | ||
| Q4 24 | $121.7M | $359.0M | ||
| Q3 24 | $65.2M | $516.0M | ||
| Q2 24 | $142.8M | $291.0M | ||
| Q1 24 | $59.8M | $947.6M |
| Q4 25 | 2.7% | 22.6% | ||
| Q3 25 | 1.3% | 25.0% | ||
| Q2 25 | 2.7% | 18.8% | ||
| Q1 25 | 0.9% | 46.4% | ||
| Q4 24 | 2.6% | 16.6% | ||
| Q3 24 | 1.2% | 24.7% | ||
| Q2 24 | 2.6% | 14.6% | ||
| Q1 24 | 1.2% | 49.3% |
| Q4 25 | 2.5% | 1.6% | ||
| Q3 25 | 2.3% | 1.2% | ||
| Q2 25 | 2.4% | 1.6% | ||
| Q1 25 | 1.9% | 3.9% | ||
| Q4 24 | 2.7% | 2.2% | ||
| Q3 24 | 2.6% | 2.6% | ||
| Q2 24 | 2.2% | 4.1% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 1.73× | 2.33× | ||
| Q3 25 | 1.42× | 2.70× | ||
| Q2 25 | 1.75× | 6.72× | ||
| Q1 25 | 2.42× | 11.83× | ||
| Q4 24 | 1.75× | 2.10× | ||
| Q3 24 | 1.35× | 4.33× | ||
| Q2 24 | 1.80× | 3.48× | ||
| Q1 24 | 2.06× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MUSA
| Product Sales Petroleum Retail | $3.3B | 69% |
| Merchandise | $1.1B | 23% |
| Product Sales Petroleum Wholesale | $327.9M | 7% |
| Other | $57.0M | 1% |
| Renewable Identification Numbers | $55.3M | 1% |
| Revenue Other | $1.3M | 0% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
