Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt capMarket cap $43.08B · View financials
Snapshot Sep 4, 4:00 PM ET
FY 2025 · Mkt cap
Decision snapshot: WDAY stock price vs LUV: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at LUV's multiple
Needs LUV P/E.
Implied fair value · at WDAY's multiple
Needs WDAY P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WDAY FY 2026 (ended Jan 31, 2026) · LUV FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 94% equity / 6% debt · EV / Revenue 4.25x · EV / EBITDA 29.96x
Capital structure 81% equity / 19% debt · EV / Revenue 0.74x · EV / EBITDA 20.96x
WDAY carries the larger enterprise value at $40.62B against $20.73B; LUV trades on the lower EV / Revenue multiple (0.74x vs 4.25x); LUV on the lower EV / EBITDA (20.96x vs 29.96x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
WORKDAY, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
SOUTHWEST AIRLINES CO. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.38x
0.57x
Net debt / EBITDA
Leverage against operating earnings
-1.81x
1.36x
Cash and equivalents
Liquid reserves on the balance sheet
$5.44B
$3.23B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Salesforce, Inc.
WDAY vs CRM
Oracle Corporation
WDAY vs ORCL
INTUIT INC.
WDAY vs INTU
AUTOMATIC DATA PROCESSING INC
WDAY vs ADP
Paycom Software, Inc.
WDAY vs PAYC
American Airlines Group Inc.
WDAY vs AAL
DELTA AIR LINES, INC.
WDAY vs DAL
United Airlines Holdings, Inc.
WDAY vs UAL
JETBLUE AIRWAYS CORP
WDAY vs JBLU
ALASKA AIR GROUP, INC.
WDAY vs ALK
Allegiant Travel CO
WDAY vs ALGT
$2.99B
$4.58B
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.
