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Side-by-side financial comparison of Snowflake Inc. (SNOW) 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 $1.2B, roughly 2.0× Snowflake Inc.). Workday, Inc. runs the higher net margin — 10.4% vs -24.2%, a 34.6% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% CAGR vs 12.5%).
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
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.
SNOW vs WDAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.4B |
| Net Profit | $-294.0M | $252.0M |
| Gross Margin | 67.8% | — |
| Operating Margin | -27.2% | 10.6% |
| Net Margin | -24.2% | 10.4% |
| Revenue YoY | 28.7% | 12.6% |
| Net Profit YoY | 9.4% | 30.6% |
| EPS (diluted) | $-0.87 | $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 | $1.2B | $2.4B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $986.8M | $2.2B | ||
| Q4 24 | $942.1M | $2.2B | ||
| Q3 24 | $868.8M | $2.1B | ||
| Q2 24 | $828.7M | $2.0B | ||
| Q1 24 | $774.7M | $1.9B |
| Q4 25 | $-294.0M | $252.0M | ||
| Q3 25 | $-298.0M | $228.0M | ||
| Q2 25 | $-430.1M | $68.0M | ||
| Q1 25 | $-327.5M | $94.0M | ||
| Q4 24 | $-324.3M | $193.0M | ||
| Q3 24 | $-316.9M | $132.0M | ||
| Q2 24 | $-317.0M | $107.0M | ||
| Q1 24 | $-169.4M | $1.2B |
| Q4 25 | 67.8% | — | ||
| Q3 25 | 67.5% | — | ||
| Q2 25 | 66.5% | — | ||
| Q1 25 | 66.2% | — | ||
| Q4 24 | 65.9% | — | ||
| Q3 24 | 66.8% | — | ||
| Q2 24 | 67.1% | — | ||
| Q1 24 | 68.8% | — |
| Q4 25 | -27.2% | 10.6% | ||
| Q3 25 | -29.7% | 10.6% | ||
| Q2 25 | -42.9% | 1.7% | ||
| Q1 25 | -39.2% | 3.4% | ||
| Q4 24 | -38.8% | 7.6% | ||
| Q3 24 | -40.9% | 5.3% | ||
| Q2 24 | -42.1% | 3.2% | ||
| Q1 24 | -35.6% | 4.1% |
| Q4 25 | -24.2% | 10.4% | ||
| Q3 25 | -26.0% | 9.7% | ||
| Q2 25 | -41.3% | 3.0% | ||
| Q1 25 | -33.2% | 4.3% | ||
| Q4 24 | -34.4% | 8.9% | ||
| Q3 24 | -36.5% | 6.3% | ||
| Q2 24 | -38.3% | 5.4% | ||
| Q1 24 | -21.9% | 61.8% |
| Q4 25 | $-0.87 | $0.94 | ||
| Q3 25 | $-0.89 | $0.84 | ||
| Q2 25 | $-1.29 | $0.25 | ||
| Q1 25 | $-0.98 | $0.34 | ||
| Q4 24 | $-0.98 | $0.72 | ||
| Q3 24 | $-0.95 | $0.49 | ||
| Q2 24 | $-0.95 | $0.40 | ||
| Q1 24 | $-0.51 | $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 | $1.9B | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $8.9B |
| Total Assets | $8.2B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $6.8B | ||
| Q3 25 | $1.9B | $8.2B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $2.6B | $8.0B | ||
| Q4 24 | $2.1B | $7.2B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.3B | $7.2B | ||
| Q1 24 | $1.8B | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $2.1B | $8.9B | ||
| Q3 25 | $2.4B | $9.2B | ||
| Q2 25 | $2.4B | $8.9B | ||
| Q1 25 | $3.0B | $9.0B | ||
| Q4 24 | $2.9B | $8.6B | ||
| Q3 24 | $4.1B | $8.3B | ||
| Q2 24 | $4.6B | $8.2B | ||
| Q1 24 | $5.2B | $8.1B |
| Q4 25 | $8.2B | $17.8B | ||
| Q3 25 | $8.2B | $18.0B | ||
| Q2 25 | $8.2B | $17.2B | ||
| Q1 25 | $9.0B | $18.0B | ||
| Q4 24 | $8.2B | $16.4B | ||
| Q3 24 | $6.9B | $16.2B | ||
| Q2 24 | $7.3B | $15.9B | ||
| Q1 24 | $8.2B | $16.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 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 | $137.5M | $588.0M |
| Free Cash FlowOCF − Capex | $113.6M | $550.0M |
| FCF MarginFCF / Revenue | 9.4% | 22.6% |
| Capex IntensityCapex / Revenue | 2.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $776.7M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $137.5M | $588.0M | ||
| Q3 25 | $74.9M | $616.0M | ||
| Q2 25 | $228.4M | $457.0M | ||
| Q1 25 | $432.7M | $1.1B | ||
| Q4 24 | $101.7M | $406.0M | ||
| Q3 24 | $69.9M | $571.0M | ||
| Q2 24 | $355.5M | $372.0M | ||
| Q1 24 | $344.6M | $995.6M |
| Q4 25 | $113.6M | $550.0M | ||
| Q3 25 | $58.2M | $588.0M | ||
| Q2 25 | $183.4M | $421.0M | ||
| Q1 25 | $421.4M | $1.0B | ||
| Q4 24 | $88.3M | $359.0M | ||
| Q3 24 | $64.8M | $516.0M | ||
| Q2 24 | $338.9M | $291.0M | ||
| Q1 24 | $331.5M | $947.6M |
| Q4 25 | 9.4% | 22.6% | ||
| Q3 25 | 5.1% | 25.0% | ||
| Q2 25 | 17.6% | 18.8% | ||
| Q1 25 | 42.7% | 46.4% | ||
| Q4 24 | 9.4% | 16.6% | ||
| Q3 24 | 7.5% | 24.7% | ||
| Q2 24 | 40.9% | 14.6% | ||
| Q1 24 | 42.8% | 49.3% |
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 1.5% | 1.2% | ||
| Q2 25 | 4.3% | 1.6% | ||
| Q1 25 | 1.1% | 3.9% | ||
| Q4 24 | 1.4% | 2.2% | ||
| Q3 24 | 0.6% | 2.6% | ||
| Q2 24 | 2.0% | 4.1% | ||
| Q1 24 | 1.7% | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 6.72× | ||
| Q1 25 | — | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
