Stock Analysis on Net

Workday Inc. (NASDAQ:WDAY)

Price to Operating Profit (P/OP) 
since 2013

Microsoft Excel

Calculation

Workday Inc., P/OP, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Workday Inc. Annual Report.


Share Price Trend
The share price exhibited an overall upward trajectory over the analyzed period, starting from $62.49 in early 2013 and reaching a peak of $264.32 by early 2024. Despite some fluctuations, such as a dip from $187.51 in 2019 to $166.56 in 2020 and a subsequent decline to $184.93 in 2023, the general pattern indicates substantial growth in market valuation. The share price demonstrated resilience and notable recovery after periods of decline.
Operating Profit Per Share (Operating Income)
The operating profit per share was negative throughout most of the period until the year ending in 2023. Starting at -$0.71 in 2013, it worsened to -$2.16 by 2020, indicating increasing operational losses per share. From 2020 onward, the operating loss per share narrowed, moving back towards profitability. Notably, from -$0.86 in 2023, the company transitioned to a positive operating profit per share of $0.69 in 2024 and further improved to $1.56 by 2025, signaling a significant operational turnaround and improved financial performance.
Price-to-Operating Profit Ratio (P/OP)
This ratio, available only for the last two periods, showed a marked decrease from 381.31 in 2024 to 155.71 in 2025. Such a decline, accompanying a positive shift in operating profit per share, suggests that the company’s shares became more reasonably priced relative to its operational earnings, reflecting enhanced profitability and potentially improved market confidence.
Summary of Financial Performance
The financial data reveals a company experiencing initial and persistent operational losses, which diminished in severity towards the end of the timeline, culminating in positive operating profit per share figures. The substantial increase in the share price over the years correlates with this trend of improving operational results, particularly in the latter period. The decrease in the P/OP ratio further corroborates an enhancement in earnings relative to share price, indicating a maturing financial profile with growing profitability. Overall, the company demonstrates a positive evolution from operating deficits to operating profits, with supportive share price dynamics reflecting this progress.

Comparison to Competitors

Workday Inc., P/OP, long-term trends, comparison to competitors

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Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).