vs
Side-by-side financial comparison of Dayforce (DAY) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $481.6M, roughly 1.8× Dayforce). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -40.9%, a 70.3% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 9.5%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
DAY vs FHN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $888.0M |
| Net Profit | $-196.8M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 38.5% |
| Net Margin | -40.9% | 29.4% |
| Revenue YoY | 9.5% | 21.8% |
| Net Profit YoY | -9940.0% | 57.2% |
| EPS (diluted) | $-1.23 | $0.51 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $888.0M | ||
| Q3 25 | $481.6M | $889.0M | ||
| Q2 25 | $464.7M | $830.0M | ||
| Q1 25 | $481.8M | $812.0M | ||
| Q4 24 | $465.2M | $729.0M | ||
| Q3 24 | $440.0M | $827.0M | ||
| Q2 24 | $423.3M | — | ||
| Q1 24 | $431.5M | $819.0M |
| Q4 25 | — | $261.0M | ||
| Q3 25 | $-196.8M | $262.0M | ||
| Q2 25 | $21.3M | $241.0M | ||
| Q1 25 | $14.9M | $218.0M | ||
| Q4 24 | $10.8M | $166.0M | ||
| Q3 24 | $2.0M | $218.0M | ||
| Q2 24 | $-1.8M | — | ||
| Q1 24 | $7.1M | $192.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | 47.6% | — |
| Q4 25 | — | 38.5% | ||
| Q3 25 | 6.3% | 38.7% | ||
| Q2 25 | 9.1% | 37.2% | ||
| Q1 25 | 6.4% | 35.1% | ||
| Q4 24 | 6.1% | 28.8% | ||
| Q3 24 | 4.7% | 34.0% | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 9.4% | 31.0% |
| Q4 25 | — | 29.4% | ||
| Q3 25 | -40.9% | 29.5% | ||
| Q2 25 | 4.6% | 29.0% | ||
| Q1 25 | 3.1% | 26.8% | ||
| Q4 24 | 2.3% | 22.8% | ||
| Q3 24 | 0.5% | 26.4% | ||
| Q2 24 | -0.4% | — | ||
| Q1 24 | 1.6% | 23.4% |
| Q4 25 | — | $0.51 | ||
| Q3 25 | $-1.23 | $0.50 | ||
| Q2 25 | $0.13 | $0.45 | ||
| Q1 25 | $0.09 | $0.41 | ||
| Q4 24 | $0.07 | $0.29 | ||
| Q3 24 | $0.01 | $0.40 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.04 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $627.6M | — |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $8.8B |
| Total Assets | $8.7B | $83.9B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $627.6M | — | ||
| Q2 25 | $625.2M | — | ||
| Q1 25 | $557.3M | — | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $494.1M | — | ||
| Q2 24 | $465.4M | — | ||
| Q1 24 | $392.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $8.8B | ||
| Q3 25 | $2.7B | $8.9B | ||
| Q2 25 | $2.7B | $9.0B | ||
| Q1 25 | $2.6B | $8.7B | ||
| Q4 24 | $2.5B | $8.8B | ||
| Q3 24 | $2.6B | $9.0B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.4B | $8.9B |
| Q4 25 | — | $83.9B | ||
| Q3 25 | $8.7B | $83.2B | ||
| Q2 25 | $8.5B | $82.1B | ||
| Q1 25 | $9.5B | $81.5B | ||
| Q4 24 | $9.1B | $82.2B | ||
| Q3 24 | $8.1B | $82.6B | ||
| Q2 24 | $9.0B | — | ||
| Q1 24 | $10.8B | $81.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $31.2M | $396.0M |
| Free Cash FlowOCF − Capex | — | $389.0M |
| FCF MarginFCF / Revenue | — | 43.8% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $396.0M | ||
| Q3 25 | $31.2M | $-200.0M | ||
| Q2 25 | $112.7M | $83.0M | ||
| Q1 25 | $49.6M | $349.0M | ||
| Q4 24 | $81.0M | $191.0M | ||
| Q3 24 | $91.8M | $389.0M | ||
| Q2 24 | $99.2M | — | ||
| Q1 24 | $9.1M | $838.0M |
| Q4 25 | — | $389.0M | ||
| Q3 25 | — | $-208.0M | ||
| Q2 25 | — | $74.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $383.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $828.0M |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 101.1% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | -0.76× | ||
| Q2 25 | 5.29× | 0.34× | ||
| Q1 25 | 3.33× | 1.60× | ||
| Q4 24 | 7.50× | 1.15× | ||
| Q3 24 | 45.90× | 1.78× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
