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Side-by-side financial comparison of Workday, Inc. (WDAY) and WATSCO INC (WSO). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.5× WATSCO INC). Workday, Inc. runs the higher net margin — 10.4% vs 4.5%, a 5.8% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -10.0%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $388.5M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 0.4%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
WDAY vs WSO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.6B |
| Net Profit | $252.0M | $71.7M |
| Gross Margin | — | 27.1% |
| Operating Margin | 10.6% | 6.4% |
| Net Margin | 10.4% | 4.5% |
| Revenue YoY | 12.6% | -10.0% |
| Net Profit YoY | 30.6% | -25.9% |
| EPS (diluted) | $0.94 | $1.82 |
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 | $2.4B | $1.6B | ||
| Q3 25 | $2.3B | $2.1B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.2B | $1.5B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.1B | $2.2B | ||
| Q2 24 | $2.0B | $2.1B | ||
| Q1 24 | $1.9B | $1.6B |
| Q4 25 | $252.0M | $71.7M | ||
| Q3 25 | $228.0M | $161.6M | ||
| Q2 25 | $68.0M | $183.6M | ||
| Q1 25 | $94.0M | $80.1M | ||
| Q4 24 | $193.0M | $96.8M | ||
| Q3 24 | $132.0M | $171.0M | ||
| Q2 24 | $107.0M | $181.4M | ||
| Q1 24 | $1.2B | $87.0M |
| Q4 25 | — | 27.1% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | 26.7% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 27.5% |
| Q4 25 | 10.6% | 6.4% | ||
| Q3 25 | 10.6% | 11.4% | ||
| Q2 25 | 1.7% | 13.2% | ||
| Q1 25 | 3.4% | 7.3% | ||
| Q4 24 | 7.6% | 7.8% | ||
| Q3 24 | 5.3% | 11.6% | ||
| Q2 24 | 3.2% | 12.6% | ||
| Q1 24 | 4.1% | 8.1% |
| Q4 25 | 10.4% | 4.5% | ||
| Q3 25 | 9.7% | 7.8% | ||
| Q2 25 | 3.0% | 8.9% | ||
| Q1 25 | 4.3% | 5.2% | ||
| Q4 24 | 8.9% | 5.5% | ||
| Q3 24 | 6.3% | 7.9% | ||
| Q2 24 | 5.4% | 8.5% | ||
| Q1 24 | 61.8% | 5.6% |
| Q4 25 | $0.94 | $1.82 | ||
| Q3 25 | $0.84 | $3.98 | ||
| Q2 25 | $0.25 | $4.52 | ||
| Q1 25 | $0.34 | $1.93 | ||
| Q4 24 | $0.72 | $2.42 | ||
| Q3 24 | $0.49 | $4.22 | ||
| Q2 24 | $0.40 | $4.49 | ||
| Q1 24 | $4.48 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.8B | $733.3M |
| Total DebtLower is stronger | — | $361.6M |
| Stockholders' EquityBook value | $8.9B | $2.8B |
| Total Assets | $17.8B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.8B | $733.3M | ||
| Q3 25 | $8.2B | $524.3M | ||
| Q2 25 | $8.0B | $293.0M | ||
| Q1 25 | $8.0B | $431.8M | ||
| Q4 24 | $7.2B | $781.9M | ||
| Q3 24 | $7.4B | $550.0M | ||
| Q2 24 | $7.2B | $424.9M | ||
| Q1 24 | $7.8B | $478.9M |
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | $3.0B | $307.1M | ||
| Q1 24 | $3.0B | $306.3M |
| Q4 25 | $8.9B | $2.8B | ||
| Q3 25 | $9.2B | $2.8B | ||
| Q2 25 | $8.9B | $2.8B | ||
| Q1 25 | $9.0B | $2.7B | ||
| Q4 24 | $8.6B | $2.7B | ||
| Q3 24 | $8.3B | $2.7B | ||
| Q2 24 | $8.2B | $2.6B | ||
| Q1 24 | $8.1B | $2.5B |
| Q4 25 | $17.8B | $4.4B | ||
| Q3 25 | $18.0B | $4.6B | ||
| Q2 25 | $17.2B | $4.7B | ||
| Q1 25 | $18.0B | $4.5B | ||
| Q4 24 | $16.4B | $4.5B | ||
| Q3 24 | $16.2B | $4.5B | ||
| Q2 24 | $15.9B | $4.4B | ||
| Q1 24 | $16.5B | $4.4B |
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | 0.37× | 0.12× | ||
| Q1 24 | 0.37× | 0.12× |
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 | $399.8M |
| Free Cash FlowOCF − Capex | $550.0M | $388.5M |
| FCF MarginFCF / Revenue | 22.6% | 24.6% |
| Capex IntensityCapex / Revenue | 1.6% | 0.7% |
| Cash ConversionOCF / Net Profit | 2.33× | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $588.0M | $399.8M | ||
| Q3 25 | $616.0M | $354.9M | ||
| Q2 25 | $457.0M | $-7.4M | ||
| Q1 25 | $1.1B | $-177.6M | ||
| Q4 24 | $406.0M | $378.9M | ||
| Q3 24 | $571.0M | $232.8M | ||
| Q2 24 | $372.0M | $57.7M | ||
| Q1 24 | $995.6M | $103.7M |
| Q4 25 | $550.0M | $388.5M | ||
| Q3 25 | $588.0M | $346.1M | ||
| Q2 25 | $421.0M | $-14.3M | ||
| Q1 25 | $1.0B | $-185.2M | ||
| Q4 24 | $359.0M | $370.9M | ||
| Q3 24 | $516.0M | $223.0M | ||
| Q2 24 | $291.0M | $51.3M | ||
| Q1 24 | $947.6M | $97.9M |
| Q4 25 | 22.6% | 24.6% | ||
| Q3 25 | 25.0% | 16.7% | ||
| Q2 25 | 18.8% | -0.7% | ||
| Q1 25 | 46.4% | -12.1% | ||
| Q4 24 | 16.6% | 21.1% | ||
| Q3 24 | 24.7% | 10.3% | ||
| Q2 24 | 14.6% | 2.4% | ||
| Q1 24 | 49.3% | 6.3% |
| Q4 25 | 1.6% | 0.7% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 3.9% | 0.5% | ||
| Q4 24 | 2.2% | 0.5% | ||
| Q3 24 | 2.6% | 0.5% | ||
| Q2 24 | 4.1% | 0.3% | ||
| Q1 24 | 2.5% | 0.4% |
| Q4 25 | 2.33× | 5.57× | ||
| Q3 25 | 2.70× | 2.20× | ||
| Q2 25 | 6.72× | -0.04× | ||
| Q1 25 | 11.83× | -2.22× | ||
| Q4 24 | 2.10× | 3.91× | ||
| Q3 24 | 4.33× | 1.36× | ||
| Q2 24 | 3.48× | 0.32× | ||
| Q1 24 | 0.84× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
WSO
Segment breakdown not available.
