Workday, Inc.
$40.62B- Market cap
- $43.08B
- Debt
- +$2.99B
- Cash
- −$5.44B
Capital structure 94% equity / 6% debt · EV / Revenue 4.25x · EV / EBITDA 29.96x
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 at discount vs SKLZ $195.82 current versus $1.29K implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at SKLZ's multiple
Implied fair value · at WDAY's multiple
Snapshot Sep 3, 8:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WDAY FY 2026 (ended Jan 31, 2026) · SKLZ 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 94% equity / 6% debt · EV / Revenue 36.43x
WDAY carries the larger enterprise value at $40.62B against $3.81B; WDAY trades on the lower EV / Revenue multiple (4.25x vs 36.43x).
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.
FIRY INC. · 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
2.28x
Net debt / EBITDA
Leverage against operating earnings
-1.81x
-1.07x
Cash and equivalents
Liquid reserves on the balance sheet
$5.44B
$194.51M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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