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Side-by-side financial comparison of Workday, Inc. (WDAY) and WEC Energy Group (WEC). Click either name above to swap in a different company.

WEC Energy Group is the larger business by last-quarter revenue ($2.5B vs $2.4B, roughly 1.0× Workday, Inc.). WEC Energy Group runs the higher net margin — 12.5% vs 10.4%, a 2.1% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 11.1%). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs -2.7%).

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.

WEC Energy Group is an American energy company based in Milwaukee, Wisconsin. It provides electricity and natural gas to 4.4 million customers across four states.

WDAY vs WEC — Head-to-Head

Bigger by revenue
WEC
WEC
1.0× larger
WEC
$2.5B
$2.4B
WDAY
Growing faster (revenue YoY)
WDAY
WDAY
+1.5% gap
WDAY
12.6%
11.1%
WEC
Higher net margin
WEC
WEC
2.1% more per $
WEC
12.5%
10.4%
WDAY
Faster 2-yr revenue CAGR
WDAY
WDAY
Annualised
WDAY
12.5%
-2.7%
WEC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
WDAY
WDAY
WEC
WEC
Revenue
$2.4B
$2.5B
Net Profit
$252.0M
$316.8M
Gross Margin
63.7%
Operating Margin
10.6%
17.9%
Net Margin
10.4%
12.5%
Revenue YoY
12.6%
11.1%
Net Profit YoY
30.6%
-30.1%
EPS (diluted)
$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.

Revenue
WDAY
WDAY
WEC
WEC
Q4 25
$2.4B
$2.5B
Q3 25
$2.3B
$2.1B
Q2 25
$2.2B
$2.0B
Q1 25
$2.2B
$3.1B
Q4 24
$2.2B
$2.3B
Q3 24
$2.1B
$1.9B
Q2 24
$2.0B
$1.8B
Q1 24
$1.9B
$2.7B
Net Profit
WDAY
WDAY
WEC
WEC
Q4 25
$252.0M
$316.8M
Q3 25
$228.0M
$270.2M
Q2 25
$68.0M
$243.0M
Q1 25
$94.0M
$725.5M
Q4 24
$193.0M
$453.1M
Q3 24
$132.0M
$238.6M
Q2 24
$107.0M
$210.0M
Q1 24
$1.2B
$622.6M
Gross Margin
WDAY
WDAY
WEC
WEC
Q4 25
63.7%
Q3 25
71.1%
Q2 25
71.6%
Q1 25
63.0%
Q4 24
67.7%
Q3 24
72.1%
Q2 24
73.5%
Q1 24
65.4%
Operating Margin
WDAY
WDAY
WEC
WEC
Q4 25
10.6%
17.9%
Q3 25
10.6%
21.4%
Q2 25
1.7%
20.1%
Q1 25
3.4%
29.8%
Q4 24
7.6%
25.9%
Q3 24
5.3%
20.6%
Q2 24
3.2%
20.6%
Q1 24
4.1%
30.3%
Net Margin
WDAY
WDAY
WEC
WEC
Q4 25
10.4%
12.5%
Q3 25
9.7%
12.8%
Q2 25
3.0%
12.1%
Q1 25
4.3%
23.0%
Q4 24
8.9%
19.8%
Q3 24
6.3%
12.8%
Q2 24
5.4%
11.9%
Q1 24
61.8%
23.2%
EPS (diluted)
WDAY
WDAY
WEC
WEC
Q4 25
$0.94
Q3 25
$0.84
Q2 25
$0.25
Q1 25
$0.34
Q4 24
$0.72
Q3 24
$0.49
Q2 24
$0.40
Q1 24
$4.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
WDAY
WDAY
WEC
WEC
Cash + ST InvestmentsLiquidity on hand
$6.8B
$27.6M
Total DebtLower is stronger
$20.0B
Stockholders' EquityBook value
$8.9B
$14.1B
Total Assets
$17.8B
$51.5B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WDAY
WDAY
WEC
WEC
Q4 25
$6.8B
$27.6M
Q3 25
$8.2B
$51.1M
Q2 25
$8.0B
$23.0M
Q1 25
$8.0B
$82.2M
Q4 24
$7.2B
$9.8M
Q3 24
$7.4B
$322.5M
Q2 24
$7.2B
$224.0M
Q1 24
$7.8B
$38.9M
Total Debt
WDAY
WDAY
WEC
WEC
Q4 25
$20.0B
Q3 25
Q2 25
Q1 25
Q4 24
$18.9B
Q3 24
$16.9B
Q2 24
$3.0B
$16.9B
Q1 24
$3.0B
$15.4B
Stockholders' Equity
WDAY
WDAY
WEC
WEC
Q4 25
$8.9B
$14.1B
Q3 25
$9.2B
$14.0B
Q2 25
$8.9B
$13.7B
Q1 25
$9.0B
$13.4B
Q4 24
$8.6B
$12.8B
Q3 24
$8.3B
$12.4B
Q2 24
$8.2B
$12.4B
Q1 24
$8.1B
$12.4B
Total Assets
WDAY
WDAY
WEC
WEC
Q4 25
$17.8B
$51.5B
Q3 25
$18.0B
$49.8B
Q2 25
$17.2B
$48.5B
Q1 25
$18.0B
$48.2B
Q4 24
$16.4B
$47.4B
Q3 24
$16.2B
$45.2B
Q2 24
$15.9B
$44.6B
Q1 24
$16.5B
$43.9B
Debt / Equity
WDAY
WDAY
WEC
WEC
Q4 25
1.42×
Q3 25
Q2 25
Q1 25
Q4 24
1.48×
Q3 24
1.36×
Q2 24
0.37×
1.36×
Q1 24
0.37×
1.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
WDAY
WDAY
WEC
WEC
Operating Cash FlowLast quarter
$588.0M
$424.6M
Free Cash FlowOCF − Capex
$550.0M
FCF MarginFCF / Revenue
22.6%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.33×
1.34×
TTM Free Cash FlowTrailing 4 quarters
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WDAY
WDAY
WEC
WEC
Q4 25
$588.0M
$424.6M
Q3 25
$616.0M
$938.9M
Q2 25
$457.0M
$853.3M
Q1 25
$1.1B
$1.2B
Q4 24
$406.0M
$581.8M
Q3 24
$571.0M
$729.0M
Q2 24
$372.0M
$1.0B
Q1 24
$995.6M
$863.6M
Free Cash Flow
WDAY
WDAY
WEC
WEC
Q4 25
$550.0M
Q3 25
$588.0M
$-625.7M
Q2 25
$421.0M
$23.9M
Q1 25
$1.0B
$461.5M
Q4 24
$359.0M
Q3 24
$516.0M
$-67.3M
Q2 24
$291.0M
$343.5M
Q1 24
$947.6M
$419.1M
FCF Margin
WDAY
WDAY
WEC
WEC
Q4 25
22.6%
Q3 25
25.0%
-29.7%
Q2 25
18.8%
1.2%
Q1 25
46.4%
14.7%
Q4 24
16.6%
Q3 24
24.7%
-3.6%
Q2 24
14.6%
19.4%
Q1 24
49.3%
15.6%
Capex Intensity
WDAY
WDAY
WEC
WEC
Q4 25
1.6%
Q3 25
1.2%
74.4%
Q2 25
1.6%
41.3%
Q1 25
3.9%
22.3%
Q4 24
2.2%
Q3 24
2.6%
42.7%
Q2 24
4.1%
39.2%
Q1 24
2.5%
16.6%
Cash Conversion
WDAY
WDAY
WEC
WEC
Q4 25
2.33×
1.34×
Q3 25
2.70×
3.47×
Q2 25
6.72×
3.51×
Q1 25
11.83×
1.60×
Q4 24
2.10×
1.28×
Q3 24
4.33×
3.06×
Q2 24
3.48×
4.94×
Q1 24
0.84×
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

WDAY
WDAY

Subscription Services$2.2B92%
Professional Services$188.0M8%

WEC
WEC

Wisconsin$1.9B73%
Illinois$441.2M17%
Other States$165.1M7%
External Revenues$74.0M3%
Otheroperatingrevenues$8.0M0%

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