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Side-by-side financial comparison of Royal Caribbean Group (RCL) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Royal Caribbean Group is the larger business by last-quarter revenue ($4.5B vs $2.4B, roughly 1.8× Workday, Inc.). Royal Caribbean Group runs the higher net margin — 21.3% vs 10.4%, a 11.0% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 11.3%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 4.1%).
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
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.
RCL vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $2.4B |
| Net Profit | $950.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 26.1% | 10.6% |
| Net Margin | 21.3% | 10.4% |
| Revenue YoY | 11.3% | 12.6% |
| Net Profit YoY | 29.1% | 30.6% |
| EPS (diluted) | $3.48 | $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 | $4.5B | — | ||
| Q4 25 | $4.3B | $2.4B | ||
| Q3 25 | $5.1B | $2.3B | ||
| Q2 25 | $4.5B | $2.2B | ||
| Q1 25 | $4.0B | $2.2B | ||
| Q4 24 | $3.8B | $2.2B | ||
| Q3 24 | $4.9B | $2.1B | ||
| Q2 24 | $4.1B | $2.0B |
| Q1 26 | $950.0M | — | ||
| Q4 25 | $753.0M | $252.0M | ||
| Q3 25 | $1.6B | $228.0M | ||
| Q2 25 | $1.2B | $68.0M | ||
| Q1 25 | $730.0M | $94.0M | ||
| Q4 24 | $552.0M | $193.0M | ||
| Q3 24 | $1.1B | $132.0M | ||
| Q2 24 | $854.0M | $107.0M |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.8% | — | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | 45.4% | — | ||
| Q3 24 | 51.1% | — | ||
| Q2 24 | 47.6% | — |
| Q1 26 | 26.1% | — | ||
| Q4 25 | 21.9% | 10.6% | ||
| Q3 25 | 33.1% | 10.6% | ||
| Q2 25 | 29.3% | 1.7% | ||
| Q1 25 | 23.6% | 3.4% | ||
| Q4 24 | 16.6% | 7.6% | ||
| Q3 24 | 33.4% | 5.3% | ||
| Q2 24 | 26.7% | 3.2% |
| Q1 26 | 21.3% | — | ||
| Q4 25 | 17.7% | 10.4% | ||
| Q3 25 | 30.6% | 9.7% | ||
| Q2 25 | 26.7% | 3.0% | ||
| Q1 25 | 18.3% | 4.3% | ||
| Q4 24 | 14.7% | 8.9% | ||
| Q3 24 | 22.7% | 6.3% | ||
| Q2 24 | 20.8% | 5.4% |
| Q1 26 | $3.48 | — | ||
| Q4 25 | $2.76 | $0.94 | ||
| Q3 25 | $5.74 | $0.84 | ||
| Q2 25 | $4.41 | $0.25 | ||
| Q1 25 | $2.70 | $0.34 | ||
| Q4 24 | $2.27 | $0.72 | ||
| Q3 24 | $4.21 | $0.49 | ||
| Q2 24 | $3.11 | $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 | $512.0M | $6.8B |
| Total DebtLower is stronger | $21.1B | — |
| Stockholders' EquityBook value | $10.0B | $8.9B |
| Total Assets | $42.0B | $17.8B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $825.0M | $6.8B | ||
| Q3 25 | $432.0M | $8.2B | ||
| Q2 25 | $735.0M | $8.0B | ||
| Q1 25 | $386.0M | $8.0B | ||
| Q4 24 | $388.0M | $7.2B | ||
| Q3 24 | $418.0M | $7.4B | ||
| Q2 24 | $391.0M | $7.2B |
| Q1 26 | $21.1B | — | ||
| Q4 25 | $18.2B | — | ||
| Q3 25 | $17.2B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $18.0B | — | ||
| Q4 24 | $18.5B | — | ||
| Q3 24 | $19.0B | — | ||
| Q2 24 | $19.8B | $3.0B |
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $8.9B | ||
| Q3 25 | $10.1B | $9.2B | ||
| Q2 25 | $9.2B | $8.9B | ||
| Q1 25 | $8.0B | $9.0B | ||
| Q4 24 | $7.6B | $8.6B | ||
| Q3 24 | $7.0B | $8.3B | ||
| Q2 24 | $6.0B | $8.2B |
| Q1 26 | $42.0B | — | ||
| Q4 25 | $41.6B | $17.8B | ||
| Q3 25 | $40.1B | $18.0B | ||
| Q2 25 | $38.5B | $17.2B | ||
| Q1 25 | $37.5B | $18.0B | ||
| Q4 24 | $37.1B | $16.4B | ||
| Q3 24 | $37.1B | $16.2B | ||
| Q2 24 | $37.0B | $15.9B |
| Q1 26 | 2.11× | — | ||
| Q4 25 | 1.81× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 3.29× | 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 | $1.8B | $588.0M |
| Free Cash FlowOCF − Capex | — | $550.0M |
| FCF MarginFCF / Revenue | — | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 1.93× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $588.0M | ||
| Q3 25 | $1.5B | $616.0M | ||
| Q2 25 | $1.7B | $457.0M | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.5B | $406.0M | ||
| Q3 24 | $897.0M | $571.0M | ||
| Q2 24 | $1.6B | $372.0M |
| Q1 26 | — | — | ||
| Q4 25 | $116.0M | $550.0M | ||
| Q3 25 | $-989.0M | $588.0M | ||
| Q2 25 | $910.0M | $421.0M | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $915.0M | $359.0M | ||
| Q3 24 | $563.0M | $516.0M | ||
| Q2 24 | $-567.0M | $291.0M |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 22.6% | ||
| Q3 25 | -19.2% | 25.0% | ||
| Q2 25 | 20.1% | 18.8% | ||
| Q1 25 | 30.0% | 46.4% | ||
| Q4 24 | 24.3% | 16.6% | ||
| Q3 24 | 11.5% | 24.7% | ||
| Q2 24 | -13.8% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | 1.6% | ||
| Q3 25 | 47.8% | 1.2% | ||
| Q2 25 | 18.4% | 1.6% | ||
| Q1 25 | 10.7% | 3.9% | ||
| Q4 24 | 14.7% | 2.2% | ||
| Q3 24 | 6.8% | 2.6% | ||
| Q2 24 | 52.1% | 4.1% |
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | 2.33× | ||
| Q3 25 | 0.93× | 2.70× | ||
| Q2 25 | 1.44× | 6.72× | ||
| Q1 25 | 2.23× | 11.83× | ||
| Q4 24 | 2.66× | 2.10× | ||
| Q3 24 | 0.81× | 4.33× | ||
| Q2 24 | 1.84× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
