Workiva Inc (WK) stock analysis
Close on Nov 11, 2026Market cap $3.80BP/E 61.7Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak7 of 30 checks passed
Workiva passes 7 of the 30 checks behind our score; 16 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 4/6
- Past performance
- 2/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Revenue growing 10%+ a year
Revenue grew 18.0% a year over the last three fiscal years.
Guidance raised
Workiva raised its Full Year 2026 Total revenue outlook on Aug 4, 2026.
Growing faster than the industry
Revenue grew 18.8% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Gross margin improving
Gross margin was 80.6% over the last twelve months, against 77.5% a year earlier.
What to watch
Margin of safety under 20%
The price is 125% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $69.77 is above our fair value estimate of $31.00.
Interest not well covered
Operating income covers interest expense 4.2 times; we look for at least 5.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.09; above 3 is the safe zone and below 1.8 the distress zone.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E above the industry
Workiva's P/E of 61.7 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 27.6.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
Workiva's price-to-sales of 3.78 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 2.77 (book value is negative, so we use sales).
Trading above fair value
The share price of $69.77 is above our fair value estimate of $31.00.
Margin of safety under 20%
The price is 125% above fair value, so there is no margin of safety.
Growth4/6
Revenue growing 10%+ a year
Revenue grew 18.0% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 18.8% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance raised
Workiva raised its Full Year 2026 Total revenue outlook on Aug 4, 2026.
Gross margin improving
Gross margin was 80.6% over the last twelve months, against 77.5% a year earlier.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 6.3% over the last twelve months, against a 5-year average of -11.2%.
Net margin above the industry
Workiva's net margin of 6.3% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health1/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest not well covered
Operating income covers interest expense 4.2 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 1.57 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.09; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Workiva has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$31.00
The share price is 125% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 27.6× | – | 27.6× | $31.16 | 44% |
| EV/EBITDA | 18.8× | – | 18.8× | $36.79 | 39% |
| Earnings power | 10.5% cost of equity | – | – | $17.08 | 17% |
| Fair value | $31.00 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/B at month end
- Computer Programming, Data Processing, and Other Computer Related Services median 3.3
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $98.26M
- Value traded per 1% price move
- $31.77M
Downside
High risk
- Typical loss in a bad month
- 27.9%
- Volatility (annualized)
- 48%
- Sharpe ratio, 1 year
- -0.55
- Beta to the S&P 500 (5Y)
- 1.13
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.7% | +18.0% | +20.3% | +19.8% | |
| Gross profit | +22.5% | +19.4% | +21.6% | +20.8% | |
| Free cash flow | +59.8% | +159.7% | +34.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -389.3% | -81.7% | 111.1% | |
| Return on assets | -30.6% | -7.2% | -1.8% | |
| Current ratio | 0.98 | 2.25 | 1.57 | |
| Debt to equity | -0.02 | – | – | |
| Net debt to EBITDA | 1.29× | – | – | |
| Interest coverage | -23.2× | -2.7× | -3.3× | |
| Capex to revenue | 1.1% | 0.5% | 0.2% | |
| Diluted shares | 41M | 48M | 56M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Workiva generated $359.83M from operations and spent $84.18M on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.0% | 0.62× | -60.74× | 111.1% |
| FY2024 | -7.5% | 0.57× | -19.74× | 84.0% |
| FY2023 | -20.2% | 0.62× | -24.44× | 305.8% |
| FY2022 | -16.9% | 0.67× | 20.34× | -230.4% |
| FY2021 | -8.5% | 0.59× | 10.88× | -55.0% |
| FY2020 | -13.8% | 0.52× | 11.36× | -81.7% |
| FY2019 | -15.9% | 0.68× | 19.57× | -213.6% |
| FY2018 | -20.5% | 1.26× | -14.58× | 375.4% |
| FY2017 | -21.4% | 1.38× | -15.00× | 443.0% |
| FY2016 | -24.6% | 1.24× | 12.70× | -389.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero-$26.17M
- Cash generatingOperating cash flow above zero$140.07M
- Return on assets improvedROA up on the prior year-4.5% → -1.9%
- Earnings backed by cashOperating cash flow above net income$140.07M vs -$26.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.77 → 1.57
- No dilutionShare count did not rise55M → 56M
- Gross margin improvedGross margin up on the prior year76.71% → 78.47%
- More efficientAsset turnover rose0.61 → 0.65
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