LAW vs TLS vs WK Stock Comparison

CS Disco, Telos and Workiva Prices as of Oct 23, 2026 Peers: Industry group
LAW CS Disco, Inc.
$5.05 +19.1% 1M -27.8% 1Y
Market cap
$321.16M
P/E
–
Revenue (TTM)
$167.12M
Div. yield
–
Compliance Software Technology
TLS Telos Corp
$4.87 +19.1% 1M -34.6% 1Y
Market cap
$390.58M
P/E
–
Revenue (TTM)
$193.71M
Div. yield
–
Compliance Software Technology
1 win
WK Workiva Inc
$85.76 +21.1% 1M -4.4% 1Y
Market cap
$4.81B
P/E
102.2x
Revenue (TTM)
$965.70M
Div. yield
–
Compliance Software Technology
7 wins

Head to Head

8 decided of 12

Workiva leads on 7 of the 12 questions below (Workiva 7, Telos 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionLAWTLSWKLeader
Larger companyMarket capitalisation $321.16M $390.58M $4.81B WK
Cheaper on earningsLower P/E, profitable companies only -7.9x -24.8x 102.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 28.6x 23.9x WK
Faster revenue growthRevenue growth, trailing twelve months +12.9% +65.9% +19.7% TLS
More profitableNet margin, trailing twelve months -24.2% -8.1% 4.9% WK
Better return on capitalReturn on invested capital — — 173.8% –
Less leveragedLower net debt / EBITDA — — -16.7x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -27.8% -34.6% -4.4% WK
Better 5-year returnAnnualised price return, 5 years -36.2%/yr -28.8%/yr -10.5%/yr WK
Less volatileAnnualised volatility, 1 year 77.4% 65.5% 45.5% WK
Higher overall scoreMean of the five percentile scores vs peers 44/100 65/100 66/100 WK

Percentile Scorecard

LAWTLSWK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisLAWTLSWK
Valuation 25 #76 of 101 70 #31 of 101 50 #51 of 101
Growth 51 #48 of 97 90 #11 of 97 97 #4 of 97
Profitability 31 #65 of 94 39 #58 of 94 67 #32 of 94
Financial Health 91 #11 of 109 69 #34 of 109 68 #36 of 109
Shareholder Returns 24 #49 of 64 59 #27 of 64 48 #34 of 64
Overall 44 65 66
  • LAW ranked among 114 companies in Business Applications
  • TLS ranked among 114 companies in Business Applications
  • WK ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodLAWTLSWKSPY
1 month +19.1%+19.1%+21.1% -1.0%
3 months +43.5%+8.0%+63.5% +2.9%
6 months +22.3%+9.9%+61.4% +6.4%
Year to date -34.9%-4.5%-0.6% +11.4%
1 year -27.8%-34.6%-4.4% +13.1%
3 years -13.8%+106.4%-14.3% +79.4%
3 years, per year -4.8%+27.3%-5.0% +21.5%
5 years -89.4%-81.7%-42.7% +67.7%
5 years, per year -36.2%-28.8%-10.5% +10.9%
10 years ——+415.1% +255.2%
10 years, per year ——+17.8% +13.5%

Risk

MeasureLAWTLSWKSPY
Volatility, 1Y 77.4%65.5%45.5% 12.7%
Downside volatility, 1Y 85.1%71.6%44.1% 12.7%
Beta vs S&P 500, 1Y 0.341.420.04 1.00
Return / volatility, 1Y -0.36-0.53-0.10 1.03
Max drawdown, 5Y -95.2%-94.0%-72.5% -25.4%
From 52-week high -43.3%-37.2%-8.1% -2.5%
52-week high $8.91$7.76$93.31 $779.14
52-week low $2.76$3.88$44.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleLAWTLSWK
P/E now vs peer median -8.1xmedian 29.9x -23.2xmedian 29.9x 101.4xmedian 29.9x
P/S now vs peer median 2.0xmedian 2.8x 1.9xmedian 2.8x 4.8xmedian 2.8x
EV/EBITDA now vs peer median -5.7xmedian 17.4x -54.2xmedian 17.4x 87.6xmedian 17.4x
P/FCF now vs peer median -20.0xmedian 16.9x 10.8xmedian 16.9x 23.1xmedian 16.9x
P/B now vs peer median 2.7xmedian 3.1x 3.9xmedian 3.1x -47.8xmedian 3.1x
PEG now vs peer median -0.40median 0.86 -0.77median 0.86 2.98median 0.86

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsLAWTLSWK
Revenue $167.12M $193.71M $965.70M
Gross profit $125.05M $70.97M $774.58M
Operating income -$43.01M -$19.21M $31.45M
Net income -$40.44M -$15.74M $47.04M
Free cash flow -$16.39M $33.74M $200.52M
R&D $58.00M $6.68M $216.63M
EPS (diluted) $-0.63 $-0.20 $0.84
Cash & equivalents $10.89M $50.65M $252.48M
Total debt – – $284.42M
Shares (diluted) 64.49M 77.55M 56.06M
Enterprise value -$111.36M $177.47M $1.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricLAWTLSWK
P/E -8.1x -23.2x 101.4x
P/FCF -20.0x 10.8x 23.1x
P/Operating cash flow -25.2x 10.5x 23.0x
P/S 2.0x 1.9x 4.8x
P/B 2.7x 3.9x -47.8x
P/Tangible book 2.7x 5.7x -39.7x
EV/EBITDA -5.7x -54.2x 87.6x
EV/EBIT -5.3x -16.3x 123.9x
EV/Revenue 1.4x 1.6x 4.0x
EV/FCF -13.8x 9.3x 19.4x
EV/Operating cash flow -17.4x 9.1x 19.3x
PEG (3Y EPS CAGR) -0.40 -0.77 2.98

Growth

14 metrics
MetricLAWTLSWK
Revenue growth (1Y) 12.9% 65.9% 19.7%
Revenue CAGR (3Y) 7.5% 2.7% 18.4%
Gross profit growth (1Y) 14.1% 87.4% 25.0%
Gross profit CAGR (3Y) 7.6% 2.9% 21.0%
Operating income growth (1Y) 30.0% 66.7% 138.3%
Operating income CAGR (3Y) 18.5% 25.2% 31.6%
Net income growth (1Y) 28.5% 71.6% 170.7%
Net income CAGR (3Y) 18.3% 27.6% 34.4%
EPS growth (1Y) 32.1% 73.2% 170.7%
EPS CAGR (3Y) 20.3% 30.2% 34.1%
Operating cash flow growth (1Y) 16.2% 862.1% 90.8%
Operating cash flow CAGR (3Y) 34.2% 102.6% 79.1%
Free cash flow growth (1Y) 11.0% 602.2% 94.6%
Free cash flow CAGR (3Y) 31.3% 112.3% 84.3%

Profitability

14 metrics
MetricLAWTLSWK
Gross margin 74.8% 36.6% 80.2%
EBITDA margin -23.7% -3.0% 4.6%
Operating margin -25.7% -9.9% 3.3%
Pretax margin -23.8% -8.5% 5.4%
Net margin -24.2% -8.1% 4.9%
FCF margin -9.8% 17.4% 20.8%
Operating cash flow margin -7.8% 17.9% 20.9%
Return on equity -33.1% -16.6% –
Return on assets -25.0% -11.3% 3.4%
Return on invested capital – – 173.8%
Return on capital employed -34.6% -19.4% 4.6%
Asset turnover 1.0x 1.4x 0.7x
Cash conversion (OCF / net income) 0.3x -2.2x 4.3x
Stock comp / revenue 13.5% 11.1% 12.9%

Financial Health

11 metrics
MetricLAWTLSWK
Debt / assets – – 5.2%
Debt / equity – – -0.7x
Net debt / EBITDA – – -16.7x
Debt / FCF – – 0.4x
Liabilities / assets 25.5% 33.2% 107.1%
Equity / assets 74.5% 66.8% -7.1%
Interest coverage – -39.8x 2.5x
Current ratio 3.8x 2.4x 1.5x
Quick ratio 3.7x 1.8x 1.3x
Cash ratio 2.7x 1.2x 1.1x
Altman Z-score 2.57 2.51 2.25

Shareholder Returns

7 metrics
MetricLAWTLSWK
Dividend yield – – –
Net buyback yield 0.0% 4.5% 3.8%
Shareholder yield 0.0% 4.5% 3.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusLAWTLSWK
Forward P/E – 28.6xFY2026 23.9xFY2026
EPS, next fiscal year $-0.14FY2026 $0.17FY2026 $3.59FY2026
EPS growth, next FY – +88.9%FY2026 +101.7%FY2026
EPS growth, the year after – +23.5% +17.8%
Revenue, next fiscal year $183.94MFY2026 $179.38MFY2026 $1.01BFY2026
Revenue growth, next FY +17.3%FY2026 +8.8%FY2026 +14.5%FY2026
Revenue growth, the year after +2.7% +4.7% +25.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersLAWTLSWK
Held by institutions 54.6% 67.4% 88.9%
Institutions holding 119 155 305
Change in shares held, QoQ -0.5% +4.5% +1.4%
Institutions buying 66 99 184
Institutions selling 31 40 86
Buyers to sellers 2.13 2.48 2.14

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

LAWTLSWK
LAW 1.00 0.42 0.57
TLS 0.42 1.00 0.29
WK 0.57 0.29 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, LAW, TLS and WK?

Workiva (WK) is the largest by market capitalisation: CS Disco (LAW) $321.16M, Telos (TLS) $390.58M, Workiva (WK) $4.81B.

Which company is growing faster?

Telos (TLS) grew revenue fastest over the trailing twelve months: CS Disco (LAW) +12.9%, Telos (TLS) +65.9%, Workiva (WK) +19.7%.

Which company is more profitable?

Workiva (WK) has the highest net margin (CS Disco (LAW) -24.2%, Telos (TLS) -8.1%, Workiva (WK) 4.9%).

Which stock has performed better?

Over the past year Workiva (WK) returned the most: CS Disco (LAW) -27.8%, Telos (TLS) -34.6%, Workiva (WK) -4.4%. Over five years, Workiva (WK) compounded fastest (CS Disco (LAW) -36.2%/yr, Telos (TLS) -28.8%/yr, Workiva (WK) -10.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Workiva (WK) has been the steadiest (CS Disco (LAW) 77.4%, Telos (TLS) 65.5%, Workiva (WK) 45.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, LAW, TLS and WK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Workiva (WK) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.