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Side-by-side financial comparison of Molson Coors Beverage Company (TAP) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.4B, roughly 1.1× Workday, Inc.). Workday, Inc. runs the higher net margin — 10.4% vs 5.5%, a 4.8% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 2.0%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-212.9M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs -15.8%).
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
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.
TAP vs WDAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.7B | $2.4B |
| Net Profit | $150.1M | $252.0M |
| Gross Margin | 33.0% | — |
| Operating Margin | — | 10.6% |
| Net Margin | 5.5% | 10.4% |
| Revenue YoY | 2.0% | 12.6% |
| Net Profit YoY | 25.0% | 30.6% |
| EPS (diluted) | $0.80 | $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 | $2.7B | — | ||
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.5B | $2.3B | ||
| Q2 25 | $3.7B | $2.2B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | $3.2B | $2.2B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.8B | $2.0B |
| Q1 26 | $150.1M | — | ||
| Q4 25 | $238.3M | $252.0M | ||
| Q3 25 | $-2.9B | $228.0M | ||
| Q2 25 | $428.7M | $68.0M | ||
| Q1 25 | $121.0M | $94.0M | ||
| Q4 24 | $287.8M | $193.0M | ||
| Q3 24 | $199.8M | $132.0M | ||
| Q2 24 | $427.0M | $107.0M |
| Q1 26 | 33.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 34.3% | — | ||
| Q1 25 | 31.6% | — | ||
| Q4 24 | 32.0% | — | ||
| Q3 24 | 33.4% | — | ||
| Q2 24 | 34.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 10.6% | ||
| Q3 25 | -98.5% | 10.6% | ||
| Q2 25 | 15.6% | 1.7% | ||
| Q1 25 | 6.9% | 3.4% | ||
| Q4 24 | 12.0% | 7.6% | ||
| Q3 24 | 12.5% | 5.3% | ||
| Q2 24 | 15.6% | 3.2% |
| Q1 26 | 5.5% | — | ||
| Q4 25 | 7.6% | 10.4% | ||
| Q3 25 | -84.0% | 9.7% | ||
| Q2 25 | 11.5% | 3.0% | ||
| Q1 25 | 4.5% | 4.3% | ||
| Q4 24 | 8.9% | 8.9% | ||
| Q3 24 | 5.5% | 6.3% | ||
| Q2 24 | 11.1% | 5.4% |
| Q1 26 | $0.80 | — | ||
| Q4 25 | $1.32 | $0.94 | ||
| Q3 25 | $-14.79 | $0.84 | ||
| Q2 25 | $2.13 | $0.25 | ||
| Q1 25 | $0.59 | $0.34 | ||
| Q4 24 | $1.39 | $0.72 | ||
| Q3 24 | $0.96 | $0.49 | ||
| Q2 24 | $2.03 | $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 | $382.6M | $6.8B |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $10.3B | $8.9B |
| Total Assets | $22.4B | $17.8B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $382.6M | — | ||
| Q4 25 | $896.5M | $6.8B | ||
| Q3 25 | $950.2M | $8.2B | ||
| Q2 25 | $613.8M | $8.0B | ||
| Q1 25 | $412.7M | $8.0B | ||
| Q4 24 | $969.3M | $7.2B | ||
| Q3 24 | $1.0B | $7.4B | ||
| Q2 24 | $1.6B | $7.2B |
| Q1 26 | $3.8B | — | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $7.0B | $3.0B |
| Q1 26 | $10.3B | — | ||
| Q4 25 | $10.2B | $8.9B | ||
| Q3 25 | $10.3B | $9.2B | ||
| Q2 25 | $13.4B | $8.9B | ||
| Q1 25 | $13.1B | $9.0B | ||
| Q4 24 | $13.1B | $8.6B | ||
| Q3 24 | $13.3B | $8.3B | ||
| Q2 24 | $13.2B | $8.2B |
| Q1 26 | $22.4B | — | ||
| Q4 25 | $22.7B | $17.8B | ||
| Q3 25 | $22.9B | $18.0B | ||
| Q2 25 | $26.8B | $17.2B | ||
| Q1 25 | $25.9B | $18.0B | ||
| Q4 24 | $26.1B | $16.4B | ||
| Q3 24 | $26.6B | $16.2B | ||
| Q2 24 | $27.4B | $15.9B |
| Q1 26 | 0.38× | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.53× | 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 | $-212.9M | $550.0M |
| FCF MarginFCF / Revenue | -7.8% | 22.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $588.0M | ||
| Q3 25 | $616.1M | $616.0M | ||
| Q2 25 | $718.3M | $457.0M | ||
| Q1 25 | $-90.7M | $1.1B | ||
| Q4 24 | $494.5M | $406.0M | ||
| Q3 24 | $521.2M | $571.0M | ||
| Q2 24 | $869.2M | $372.0M |
| Q1 26 | $-212.9M | — | ||
| Q4 25 | $357.8M | $550.0M | ||
| Q3 25 | $483.0M | $588.0M | ||
| Q2 25 | $555.0M | $421.0M | ||
| Q1 25 | $-328.0M | $1.0B | ||
| Q4 24 | $383.4M | $359.0M | ||
| Q3 24 | $350.4M | $516.0M | ||
| Q2 24 | $691.7M | $291.0M |
| Q1 26 | -7.8% | — | ||
| Q4 25 | 11.4% | 22.6% | ||
| Q3 25 | 13.9% | 25.0% | ||
| Q2 25 | 14.8% | 18.8% | ||
| Q1 25 | -12.2% | 46.4% | ||
| Q4 24 | 11.8% | 16.6% | ||
| Q3 24 | 9.7% | 24.7% | ||
| Q2 24 | 18.0% | 14.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.9% | 1.6% | ||
| Q3 25 | 3.8% | 1.2% | ||
| Q2 25 | 4.4% | 1.6% | ||
| Q1 25 | 8.8% | 3.9% | ||
| Q4 24 | 3.4% | 2.2% | ||
| Q3 24 | 4.7% | 2.6% | ||
| Q2 24 | 4.6% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.27× | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | 1.68× | 6.72× | ||
| Q1 25 | -0.75× | 11.83× | ||
| Q4 24 | 1.72× | 2.10× | ||
| Q3 24 | 2.61× | 4.33× | ||
| Q2 24 | 2.04× | 3.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TAP
Segment breakdown not available.
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
