Oracle vs Workday
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KIRA’s take AI analyst
I put Oracle and Workday side by side, using each one’s latest annual report. Here is what stands out:
- Oracle is the larger business, with $67.4B of revenue in fiscal 2026 against $9.6B for Workday, about 7.1 times as much.
- Oracle grew revenue faster (17.4%, against 13.1%).
- Oracle kept more of each dollar of sales as operating profit (30.6% operating margin, against 7.6%).
- Workday turned more of its sales into free cash flow (29.1% FCF margin, against −35.2%).
- Oracle earned a higher return on the capital invested in it (14.2%, against 10.6%).
- Investors pay more for each dollar of Workday’s earnings: a P/E of 42.2x against 19.8x for Oracle.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Oracle
ORCL
5/10
Revenue growthOperating marginNet marginReturn on capitalReturn on equity
Workday
WDAY
5/10
5-year growthFCF marginPiotroski F-scoreNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | ORCL FY26 | WDAY FY26 |
|---|---|---|
| Size | ||
| Market cap | $378.2B | $51.4B |
| Revenue | $67.4B | $9.6B |
| Free cash flow | −$23.7B | $2.8B |
| Net income | $17.1B | $693M |
| Growth | ||
| Revenue growth | 17.4% | 13.1% |
| 5-year growth | 10.7% | 17.2% |
| Share count change | 1.7% | −0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 30.6% | 7.6% |
| Net margin | 25.4% | 7.3% |
| FCF margin | −35.2% | 29.1% |
| Return on capital | 14.2% | 10.6% |
| Return on equity | 54.3% | 8.2% |
| Balance sheet | ||
| Net debt | $105.3B | −$2.5B |
| Net debt / EBITDA | 3.5x | −2.6x |
| Dividends and buybacks | $5.9B | $2.9B |
| Valuation & quality | ||
| P/E | 19.8x | 42.2x |
| Piotroski F-score | 5 | 7 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.