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Side-by-side financial comparison of RLI CORP (RLI) and WORKIVA INC (WK). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $247.3M, roughly 1.9× WORKIVA INC). RLI CORP runs the higher net margin — 19.6% vs 7.7%, a 11.9% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 6.1%). RLI CORP produced more free cash flow last quarter ($155.0M vs $25.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% CAGR vs 2.3%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
RLI vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $247.3M |
| Net Profit | $91.2M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 24.4% | 25.8% |
| Net Margin | 19.6% | 7.7% |
| Revenue YoY | 6.1% | 19.9% |
| Net Profit YoY | 123.1% | — |
| EPS (diluted) | $1.00 | $0.33 |
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 | — | $247.3M | ||
| Q4 25 | $465.7M | $238.9M | ||
| Q3 25 | $509.3M | $224.2M | ||
| Q2 25 | $499.8M | $215.2M | ||
| Q1 25 | $407.7M | $206.3M | ||
| Q4 24 | $439.1M | $199.9M | ||
| Q3 24 | $470.0M | $185.6M | ||
| Q2 24 | $416.4M | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $91.2M | $11.8M | ||
| Q3 25 | $124.6M | $2.8M | ||
| Q2 25 | $124.3M | $-19.4M | ||
| Q1 25 | $63.2M | $-21.4M | ||
| Q4 24 | $40.9M | $-8.8M | ||
| Q3 24 | $95.0M | $-17.0M | ||
| Q2 24 | $82.0M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 24.4% | 3.3% | ||
| Q3 25 | 30.9% | -1.5% | ||
| Q2 25 | 31.3% | -10.3% | ||
| Q1 25 | 19.3% | -12.0% | ||
| Q4 24 | 10.8% | -6.7% | ||
| Q3 24 | 24.9% | -11.7% | ||
| Q2 24 | 24.8% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 19.6% | 4.9% | ||
| Q3 25 | 24.5% | 1.2% | ||
| Q2 25 | 24.9% | -9.0% | ||
| Q1 25 | 15.5% | -10.4% | ||
| Q4 24 | 9.3% | -4.4% | ||
| Q3 24 | 20.2% | -9.2% | ||
| Q2 24 | 19.7% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $1.00 | $0.21 | ||
| Q3 25 | $1.35 | $0.05 | ||
| Q2 25 | $1.34 | $-0.35 | ||
| Q1 25 | $0.68 | $-0.38 | ||
| Q4 24 | $-2.87 | $-0.15 | ||
| Q3 24 | $2.06 | $-0.31 | ||
| Q2 24 | $1.78 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | — |
| Total Assets | $6.2B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | — | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $100.0M | — | ||
| Q2 25 | $100.0M | — | ||
| Q1 25 | $100.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $100.0M | — | ||
| Q2 24 | $100.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $-5.4M | ||
| Q3 25 | $1.9B | $-36.9M | ||
| Q2 25 | $1.7B | $-66.5M | ||
| Q1 25 | $1.6B | $-75.7M | ||
| Q4 24 | $1.5B | $-41.7M | ||
| Q3 24 | $1.7B | $-50.8M | ||
| Q2 24 | $1.6B | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $6.2B | $1.5B | ||
| Q3 25 | $6.2B | $1.4B | ||
| Q2 25 | $6.0B | $1.3B | ||
| Q1 25 | $5.7B | $1.3B | ||
| Q4 24 | $5.6B | $1.4B | ||
| Q3 24 | $5.8B | $1.3B | ||
| Q2 24 | $5.5B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — |
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 | $156.8M | — |
| Free Cash FlowOCF − Capex | $155.0M | $25.7M |
| FCF MarginFCF / Revenue | 33.3% | 10.4% |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $156.8M | $51.0M | ||
| Q3 25 | $179.2M | $46.2M | ||
| Q2 25 | $174.7M | $50.3M | ||
| Q1 25 | $103.5M | $-7.4M | ||
| Q4 24 | $128.1M | $44.0M | ||
| Q3 24 | $219.4M | $18.9M | ||
| Q2 24 | $141.8M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $155.0M | $50.7M | ||
| Q3 25 | $177.8M | $46.1M | ||
| Q2 25 | $173.4M | $49.3M | ||
| Q1 25 | $102.5M | $-8.1M | ||
| Q4 24 | $127.6M | $43.2M | ||
| Q3 24 | $219.0M | $18.7M | ||
| Q2 24 | $139.1M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 33.3% | 21.2% | ||
| Q3 25 | 34.9% | 20.5% | ||
| Q2 25 | 34.7% | 22.9% | ||
| Q1 25 | 25.1% | -3.9% | ||
| Q4 24 | 29.0% | 21.6% | ||
| Q3 24 | 46.6% | 10.1% | ||
| Q2 24 | 33.4% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.3% | 0.5% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.7% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 4.31× | ||
| Q3 25 | 1.44× | 16.57× | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 1.73× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
