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Side-by-side financial comparison of Dayforce (DAY) and IPG PHOTONICS CORP (IPGP). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $274.5M, roughly 1.8× IPG PHOTONICS CORP). IPG PHOTONICS CORP runs the higher net margin — 4.8% vs -40.9%, a 45.7% gap on every dollar of revenue. On growth, IPG PHOTONICS CORP posted the faster year-over-year revenue change (17.1% vs 9.5%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% CAGR vs 4.4%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
IPG Photonics Corporation is a manufacturer of fiber lasers. IPG Photonics developed and commercialized optical fiber lasers, which are used in a variety of applications including materials processing, medical applications and telecommunications. IPG has manufacturing facilities in the United States, Germany, Russia and Italy.
DAY vs IPGP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $274.5M |
| Net Profit | $-196.8M | $13.3M |
| Gross Margin | — | 36.1% |
| Operating Margin | 6.3% | 1.2% |
| Net Margin | -40.9% | 4.8% |
| Revenue YoY | 9.5% | 17.1% |
| Net Profit YoY | -9940.0% | 69.8% |
| EPS (diluted) | $-1.23 | $0.30 |
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 | — | $274.5M | ||
| Q3 25 | $481.6M | $250.8M | ||
| Q2 25 | $464.7M | $250.7M | ||
| Q1 25 | $481.8M | $227.8M | ||
| Q4 24 | $465.2M | $234.3M | ||
| Q3 24 | $440.0M | $233.1M | ||
| Q2 24 | $423.3M | $257.6M | ||
| Q1 24 | $431.5M | $252.0M |
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-196.8M | $7.5M | ||
| Q2 25 | $21.3M | $6.6M | ||
| Q1 25 | $14.9M | $3.8M | ||
| Q4 24 | $10.8M | $7.8M | ||
| Q3 24 | $2.0M | $-233.6M | ||
| Q2 24 | $-1.8M | $20.2M | ||
| Q1 24 | $7.1M | $24.1M |
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | 47.0% | 38.6% | ||
| Q3 24 | 45.8% | 23.2% | ||
| Q2 24 | 44.1% | 37.3% | ||
| Q1 24 | 47.6% | 38.7% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | 6.3% | 3.1% | ||
| Q2 25 | 9.1% | 0.0% | ||
| Q1 25 | 6.4% | 0.8% | ||
| Q4 24 | 6.1% | 6.0% | ||
| Q3 24 | 4.7% | -108.7% | ||
| Q2 24 | 3.3% | 4.7% | ||
| Q1 24 | 9.4% | 7.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -40.9% | 3.0% | ||
| Q2 25 | 4.6% | 2.6% | ||
| Q1 25 | 3.1% | 1.6% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 0.5% | -100.2% | ||
| Q2 24 | -0.4% | 7.8% | ||
| Q1 24 | 1.6% | 9.6% |
| Q4 25 | — | $0.30 | ||
| Q3 25 | $-1.23 | $0.18 | ||
| Q2 25 | $0.13 | $0.16 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $0.07 | $0.27 | ||
| Q3 24 | $0.01 | $-5.33 | ||
| Q2 24 | $-0.01 | $0.45 | ||
| Q1 24 | $0.04 | $0.52 |
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 | $839.3M |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $2.1B |
| Total Assets | $8.7B | $2.4B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $839.3M | ||
| Q3 25 | $627.6M | $870.4M | ||
| Q2 25 | $625.2M | $899.6M | ||
| Q1 25 | $557.3M | $926.9M | ||
| Q4 24 | $579.7M | $930.2M | ||
| Q3 24 | $494.1M | $1.0B | ||
| Q2 24 | $465.4M | $1.1B | ||
| Q1 24 | $392.5M | $1.1B |
| 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 | — | $2.1B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.5B | $2.3B | ||
| Q1 24 | $2.4B | $2.3B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $8.7B | $2.4B | ||
| Q2 25 | $8.5B | $2.4B | ||
| Q1 25 | $9.5B | $2.3B | ||
| Q4 24 | $9.1B | $2.3B | ||
| Q3 24 | $8.1B | $2.4B | ||
| Q2 24 | $9.0B | $2.5B | ||
| Q1 24 | $10.8B | $2.6B |
| 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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $10.9M |
| FCF MarginFCF / Revenue | — | 4.0% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | 2.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $28.8M | ||
| Q3 25 | $31.2M | $35.3M | ||
| Q2 25 | $112.7M | $-2.2M | ||
| Q1 25 | $49.6M | $13.4M | ||
| Q4 24 | $81.0M | $73.8M | ||
| Q3 24 | $91.8M | $66.1M | ||
| Q2 24 | $99.2M | $53.5M | ||
| Q1 24 | $9.1M | $54.6M |
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 5.29× | -0.34× | ||
| Q1 25 | 3.33× | 3.58× | ||
| Q4 24 | 7.50× | 9.44× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | 1.28× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
