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Side-by-side financial comparison of Dayforce (DAY) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $481.6M, roughly 1.7× Dayforce). MSCI Inc. runs the higher net margin — 34.6% vs -40.9%, a 75.5% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 9.5%). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
DAY vs MSCI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $822.5M |
| Net Profit | $-196.8M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 56.4% |
| Net Margin | -40.9% | 34.6% |
| Revenue YoY | 9.5% | 10.6% |
| Net Profit YoY | -9940.0% | -6.8% |
| EPS (diluted) | $-1.23 | $3.81 |
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 | — | $822.5M | ||
| Q3 25 | $481.6M | $793.4M | ||
| Q2 25 | $464.7M | $772.7M | ||
| Q1 25 | $481.8M | $745.8M | ||
| Q4 24 | $465.2M | $743.5M | ||
| Q3 24 | $440.0M | $724.7M | ||
| Q2 24 | $423.3M | $707.9M | ||
| Q1 24 | $431.5M | $680.0M |
| Q4 25 | — | $284.7M | ||
| Q3 25 | $-196.8M | $325.4M | ||
| Q2 25 | $21.3M | $303.6M | ||
| Q1 25 | $14.9M | $288.6M | ||
| Q4 24 | $10.8M | $305.5M | ||
| Q3 24 | $2.0M | $280.9M | ||
| Q2 24 | $-1.8M | $266.8M | ||
| Q1 24 | $7.1M | $256.0M |
| 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 | — | 56.4% | ||
| Q3 25 | 6.3% | 56.4% | ||
| Q2 25 | 9.1% | 55.0% | ||
| Q1 25 | 6.4% | 50.6% | ||
| Q4 24 | 6.1% | 54.5% | ||
| Q3 24 | 4.7% | 55.4% | ||
| Q2 24 | 3.3% | 54.0% | ||
| Q1 24 | 9.4% | 49.9% |
| Q4 25 | — | 34.6% | ||
| Q3 25 | -40.9% | 41.0% | ||
| Q2 25 | 4.6% | 39.3% | ||
| Q1 25 | 3.1% | 38.7% | ||
| Q4 24 | 2.3% | 41.1% | ||
| Q3 24 | 0.5% | 38.8% | ||
| Q2 24 | -0.4% | 37.7% | ||
| Q1 24 | 1.6% | 37.6% |
| Q4 25 | — | $3.81 | ||
| Q3 25 | $-1.23 | $4.25 | ||
| Q2 25 | $0.13 | $3.92 | ||
| Q1 25 | $0.09 | $3.71 | ||
| Q4 24 | $0.07 | $3.89 | ||
| Q3 24 | $0.01 | $3.57 | ||
| Q2 24 | $-0.01 | $3.37 | ||
| Q1 24 | $0.04 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $631.1M | $6.2B |
| Stockholders' EquityBook value | $2.7B | $-2.7B |
| Total Assets | $8.7B | $5.7B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $515.3M | ||
| Q3 25 | $627.6M | $400.1M | ||
| Q2 25 | $625.2M | $347.3M | ||
| Q1 25 | $557.3M | $360.7M | ||
| Q4 24 | $579.7M | $409.4M | ||
| Q3 24 | $494.1M | $501.0M | ||
| Q2 24 | $465.4M | $451.4M | ||
| Q1 24 | $392.5M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $631.1M | $5.5B | ||
| Q2 25 | $631.8M | $4.5B | ||
| Q1 25 | $632.4M | $4.5B | ||
| Q4 24 | $1.2B | $4.5B | ||
| Q3 24 | $1.2B | $4.5B | ||
| Q2 24 | $1.2B | $4.5B | ||
| Q1 24 | $1.2B | $4.5B |
| Q4 25 | — | $-2.7B | ||
| Q3 25 | $2.7B | $-1.9B | ||
| Q2 25 | $2.7B | $-886.2M | ||
| Q1 25 | $2.6B | $-958.6M | ||
| Q4 24 | $2.5B | $-940.0M | ||
| Q3 24 | $2.6B | $-751.0M | ||
| Q2 24 | $2.5B | $-734.5M | ||
| Q1 24 | $2.4B | $-650.5M |
| Q4 25 | — | $5.7B | ||
| Q3 25 | $8.7B | $5.4B | ||
| Q2 25 | $8.5B | $5.4B | ||
| Q1 25 | $9.5B | $5.3B | ||
| Q4 24 | $9.1B | $5.4B | ||
| Q3 24 | $8.1B | $5.4B | ||
| Q2 24 | $9.0B | $5.5B | ||
| Q1 24 | $10.8B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $501.1M | ||
| Q3 25 | $31.2M | $449.4M | ||
| Q2 25 | $112.7M | $336.1M | ||
| Q1 25 | $49.6M | $301.7M | ||
| Q4 24 | $81.0M | $430.6M | ||
| Q3 24 | $91.8M | $421.6M | ||
| Q2 24 | $99.2M | $349.2M | ||
| Q1 24 | $9.1M | $300.1M |
| Q4 25 | — | $488.7M | ||
| Q3 25 | — | $445.5M | ||
| Q2 25 | — | $324.7M | ||
| Q1 25 | — | $290.2M | ||
| Q4 24 | — | $416.4M | ||
| Q3 24 | — | $415.0M | ||
| Q2 24 | — | $340.6M | ||
| Q1 24 | — | $295.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 57.3% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 5.29× | 1.11× | ||
| Q1 25 | 3.33× | 1.05× | ||
| Q4 24 | 7.50× | 1.41× | ||
| Q3 24 | 45.90× | 1.50× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | 1.28× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
