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Side-by-side financial comparison of SELECT MEDICAL HOLDINGS CORP (SEM) 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 $1.4B, roughly 1.7× SELECT MEDICAL HOLDINGS CORP). Workday, Inc. runs the higher net margin — 10.4% vs 4.5%, a 5.9% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 5.0%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 5.3%).
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
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.
SEM vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.4B |
| Net Profit | $63.8M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | 6.9% | 10.6% |
| Net Margin | 4.5% | 10.4% |
| Revenue YoY | 5.0% | 12.6% |
| Net Profit YoY | -14.7% | 30.6% |
| EPS (diluted) | $0.35 | $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.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $2.0B |
| Q1 26 | $63.8M | — | ||
| Q4 25 | $20.2M | $252.0M | ||
| Q3 25 | $28.8M | $228.0M | ||
| Q2 25 | $40.6M | $68.0M | ||
| Q1 25 | $56.7M | $94.0M | ||
| Q4 24 | $-16.1M | $193.0M | ||
| Q3 24 | $55.6M | $132.0M | ||
| Q2 24 | $77.6M | $107.0M |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 4.6% | 10.6% | ||
| Q3 25 | 5.4% | 10.6% | ||
| Q2 25 | 6.5% | 1.7% | ||
| Q1 25 | 8.3% | 3.4% | ||
| Q4 24 | 1.6% | 7.6% | ||
| Q3 24 | 4.3% | 5.3% | ||
| Q2 24 | 5.8% | 3.2% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 1.4% | 10.4% | ||
| Q3 25 | 2.1% | 9.7% | ||
| Q2 25 | 3.0% | 3.0% | ||
| Q1 25 | 4.2% | 4.3% | ||
| Q4 24 | -1.2% | 8.9% | ||
| Q3 24 | 4.4% | 6.3% | ||
| Q2 24 | 6.1% | 5.4% |
| Q1 26 | $0.35 | — | ||
| Q4 25 | $0.17 | $0.94 | ||
| Q3 25 | $0.23 | $0.84 | ||
| Q2 25 | $0.32 | $0.25 | ||
| Q1 25 | $0.44 | $0.34 | ||
| Q4 24 | $-0.12 | $0.72 | ||
| Q3 24 | $0.43 | $0.49 | ||
| Q2 24 | $0.60 | $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 | $25.7M | $6.8B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $2.1B | $8.9B |
| Total Assets | $6.0B | $17.8B |
| Debt / EquityLower = less leverage | 0.88× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $25.7M | — | ||
| Q4 25 | $26.5M | $6.8B | ||
| Q3 25 | $60.1M | $8.2B | ||
| Q2 25 | $52.3M | $8.0B | ||
| Q1 25 | $53.2M | $8.0B | ||
| Q4 24 | $59.7M | $7.2B | ||
| Q3 24 | $191.5M | $7.4B | ||
| Q2 24 | $111.2M | $7.2B |
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.6B | $3.0B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $1.7B | $8.9B | ||
| Q3 25 | $1.7B | $9.2B | ||
| Q2 25 | $1.7B | $8.9B | ||
| Q1 25 | $1.7B | $9.0B | ||
| Q4 24 | $1.7B | $8.6B | ||
| Q3 24 | $1.9B | $8.3B | ||
| Q2 24 | $1.4B | $8.2B |
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.9B | $17.8B | ||
| Q3 25 | $5.7B | $18.0B | ||
| Q2 25 | $5.7B | $17.2B | ||
| Q1 25 | $5.7B | $18.0B | ||
| Q4 24 | $5.6B | $16.4B | ||
| Q3 24 | $8.0B | $16.2B | ||
| Q2 24 | $7.9B | $15.9B |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 2.54× | 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 | — | $588.0M |
| Free Cash FlowOCF − Capex | — | $550.0M |
| FCF MarginFCF / Revenue | — | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $64.3M | $588.0M | ||
| Q3 25 | $175.3M | $616.0M | ||
| Q2 25 | $110.3M | $457.0M | ||
| Q1 25 | $-3.5M | $1.1B | ||
| Q4 24 | $125.4M | $406.0M | ||
| Q3 24 | $181.0M | $571.0M | ||
| Q2 24 | $278.2M | $372.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.2M | $550.0M | ||
| Q3 25 | $122.2M | $588.0M | ||
| Q2 25 | $45.6M | $421.0M | ||
| Q1 25 | $-55.8M | $1.0B | ||
| Q4 24 | $62.0M | $359.0M | ||
| Q3 24 | $130.3M | $516.0M | ||
| Q2 24 | $222.6M | $291.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 22.6% | ||
| Q3 25 | 9.0% | 25.0% | ||
| Q2 25 | 3.4% | 18.8% | ||
| Q1 25 | -4.1% | 46.4% | ||
| Q4 24 | 4.7% | 16.6% | ||
| Q3 24 | 10.2% | 24.7% | ||
| Q2 24 | 17.4% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | 1.6% | ||
| Q3 25 | 3.9% | 1.2% | ||
| Q2 25 | 4.8% | 1.6% | ||
| Q1 25 | 3.9% | 3.9% | ||
| Q4 24 | 4.8% | 2.2% | ||
| Q3 24 | 4.0% | 2.6% | ||
| Q2 24 | 4.3% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.19× | 2.33× | ||
| Q3 25 | 6.09× | 2.70× | ||
| Q2 25 | 2.72× | 6.72× | ||
| Q1 25 | -0.06× | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | 3.25× | 4.33× | ||
| Q2 24 | 3.59× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEM
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
