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Side-by-side financial comparison of Dayforce (DAY) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $336.0M, roughly 1.4× Federal Realty Investment Trust). Federal Realty Investment Trust runs the higher net margin — 38.6% vs -40.9%, a 79.5% gap on every dollar of revenue. On growth, Dayforce posted the faster year-over-year revenue change (9.5% vs 8.7%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% CAGR vs 6.5%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
DAY vs FRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $336.0M |
| Net Profit | $-196.8M | $129.7M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 53.8% |
| Net Margin | -40.9% | 38.6% |
| Revenue YoY | 9.5% | 8.7% |
| Net Profit YoY | -9940.0% | 103.5% |
| EPS (diluted) | $-1.23 | $1.49 |
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.
| Q1 26 | — | $336.0M | ||
| Q4 25 | — | $336.0M | ||
| Q3 25 | $481.6M | $322.3M | ||
| Q2 25 | $464.7M | $311.5M | ||
| Q1 25 | $481.8M | $309.2M | ||
| Q4 24 | $465.2M | $311.4M | ||
| Q3 24 | $440.0M | $303.6M | ||
| Q2 24 | $423.3M | $296.1M |
| Q1 26 | — | $129.7M | ||
| Q4 25 | — | $129.7M | ||
| Q3 25 | $-196.8M | $61.6M | ||
| Q2 25 | $21.3M | $155.9M | ||
| Q1 25 | $14.9M | $63.8M | ||
| Q4 24 | $10.8M | $65.5M | ||
| Q3 24 | $2.0M | $61.0M | ||
| Q2 24 | $-1.8M | $112.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 44.1% | — |
| Q1 26 | — | 53.8% | ||
| Q4 25 | — | 53.8% | ||
| Q3 25 | 6.3% | 34.3% | ||
| Q2 25 | 9.1% | 65.1% | ||
| Q1 25 | 6.4% | 35.0% | ||
| Q4 24 | 6.1% | 35.1% | ||
| Q3 24 | 4.7% | 34.9% | ||
| Q2 24 | 3.3% | 53.0% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | -40.9% | 19.1% | ||
| Q2 25 | 4.6% | 50.0% | ||
| Q1 25 | 3.1% | 20.6% | ||
| Q4 24 | 2.3% | 21.0% | ||
| Q3 24 | 0.5% | 20.1% | ||
| Q2 24 | -0.4% | 37.8% |
| Q1 26 | — | $1.49 | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | $-1.23 | $0.69 | ||
| Q2 25 | $0.13 | $1.78 | ||
| Q1 25 | $0.09 | $0.72 | ||
| Q4 24 | $0.07 | $0.74 | ||
| Q3 24 | $0.01 | $0.70 | ||
| Q2 24 | $-0.01 | $1.32 |
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 | $107.4M |
| Total DebtLower is stronger | $631.1M | $5.0B |
| Stockholders' EquityBook value | $2.7B | $3.2B |
| Total Assets | $8.7B | $9.1B |
| Debt / EquityLower = less leverage | 0.23× | 1.53× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $107.4M | ||
| Q4 25 | — | $107.4M | ||
| Q3 25 | $627.6M | $111.3M | ||
| Q2 25 | $625.2M | $177.0M | ||
| Q1 25 | $557.3M | $109.2M | ||
| Q4 24 | $579.7M | $123.4M | ||
| Q3 24 | $494.1M | $97.0M | ||
| Q2 24 | $465.4M | $103.2M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | $4.5B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.5B | $3.2B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.5B | $3.0B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $9.1B | ||
| Q3 25 | $8.7B | $8.9B | ||
| Q2 25 | $8.5B | $8.6B | ||
| Q1 25 | $9.5B | $8.6B | ||
| Q4 24 | $9.1B | $8.5B | ||
| Q3 24 | $8.1B | $8.5B | ||
| Q2 24 | $9.0B | $8.4B |
| Q1 26 | — | 1.53× | ||
| Q4 25 | — | 1.53× | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | 1.42× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.49× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $622.4M | ||
| Q3 25 | $31.2M | $147.8M | ||
| Q2 25 | $112.7M | $150.7M | ||
| Q1 25 | $49.6M | $179.0M | ||
| Q4 24 | $81.0M | $574.6M | ||
| Q3 24 | $91.8M | $144.1M | ||
| Q2 24 | $99.2M | $169.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | 5.29× | 0.97× | ||
| Q1 25 | 3.33× | 2.81× | ||
| Q4 24 | 7.50× | 8.77× | ||
| Q3 24 | 45.90× | 2.36× | ||
| Q2 24 | — | 1.52× |
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% |
FRT
Segment breakdown not available.
