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Side-by-side financial comparison of Dayforce (DAY) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $335.6M, roughly 1.4× Natural Grocers by Vitamin Cottage, Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -40.9%, a 44.2% gap on every dollar of revenue. On growth, Dayforce posted the faster year-over-year revenue change (9.5% vs 1.6%). 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.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
DAY vs NGVC — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $335.6M |
| Net Profit | $-196.8M | $11.3M |
| Gross Margin | — | 29.5% |
| Operating Margin | 6.3% | 4.4% |
| Net Margin | -40.9% | 3.4% |
| Revenue YoY | 9.5% | 1.6% |
| Net Profit YoY | -9940.0% | 14.0% |
| EPS (diluted) | $-1.23 | $0.49 |
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.
| Q4 25 | — | $335.6M | ||
| Q3 25 | $481.6M | $336.1M | ||
| Q2 25 | $464.7M | $328.7M | ||
| Q1 25 | $481.8M | $335.8M | ||
| Q4 24 | $465.2M | $330.2M | ||
| Q3 24 | $440.0M | $322.7M | ||
| Q2 24 | $423.3M | $309.1M | ||
| Q1 24 | $431.5M | $308.1M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | $-196.8M | $11.8M | ||
| Q2 25 | $21.3M | $11.6M | ||
| Q1 25 | $14.9M | $13.1M | ||
| Q4 24 | $10.8M | $9.9M | ||
| Q3 24 | $2.0M | $9.0M | ||
| Q2 24 | $-1.8M | $9.2M | ||
| Q1 24 | $7.1M | $8.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 29.9% | ||
| Q1 25 | — | 30.3% | ||
| Q4 24 | 47.0% | 29.9% | ||
| Q3 24 | 45.8% | 29.6% | ||
| Q2 24 | 44.1% | 29.2% | ||
| Q1 24 | 47.6% | 29.3% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | 6.3% | 4.6% | ||
| Q2 25 | 9.1% | 4.7% | ||
| Q1 25 | 6.4% | 5.2% | ||
| Q4 24 | 6.1% | 4.0% | ||
| Q3 24 | 4.7% | 3.7% | ||
| Q2 24 | 3.3% | 4.2% | ||
| Q1 24 | 9.4% | 3.7% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | -40.9% | 3.5% | ||
| Q2 25 | 4.6% | 3.5% | ||
| Q1 25 | 3.1% | 3.9% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 0.5% | 2.8% | ||
| Q2 24 | -0.4% | 3.0% | ||
| Q1 24 | 1.6% | 2.6% |
| Q4 25 | — | $0.49 | ||
| Q3 25 | $-1.23 | $0.51 | ||
| Q2 25 | $0.13 | $0.50 | ||
| Q1 25 | $0.09 | $0.56 | ||
| Q4 24 | $0.07 | $0.43 | ||
| Q3 24 | $0.01 | $0.38 | ||
| Q2 24 | $-0.01 | $0.40 | ||
| Q1 24 | $0.04 | $0.35 |
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 | $23.2M |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $220.0M |
| Total Assets | $8.7B | $668.6M |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.2M | ||
| Q3 25 | $627.6M | $17.1M | ||
| Q2 25 | $625.2M | $13.2M | ||
| Q1 25 | $557.3M | $21.2M | ||
| Q4 24 | $579.7M | $6.3M | ||
| Q3 24 | $494.1M | $8.9M | ||
| Q2 24 | $465.4M | $13.9M | ||
| Q1 24 | $392.5M | $11.0M |
| 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 | — | $220.0M | ||
| Q3 25 | $2.7B | $212.4M | ||
| Q2 25 | $2.7B | $202.5M | ||
| Q1 25 | $2.6B | $193.0M | ||
| Q4 24 | $2.5B | $181.9M | ||
| Q3 24 | $2.6B | $174.3M | ||
| Q2 24 | $2.5B | $167.8M | ||
| Q1 24 | $2.4B | $160.0M |
| Q4 25 | — | $668.6M | ||
| Q3 25 | $8.7B | $670.5M | ||
| Q2 25 | $8.5B | $659.0M | ||
| Q1 25 | $9.5B | $664.6M | ||
| Q4 24 | $9.1B | $648.9M | ||
| Q3 24 | $8.1B | $655.5M | ||
| Q2 24 | $9.0B | $654.4M | ||
| Q1 24 | $10.8B | $656.6M |
| 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 | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.1M | ||
| Q3 25 | $31.2M | $15.6M | ||
| Q2 25 | $112.7M | $2.9M | ||
| Q1 25 | $49.6M | $34.1M | ||
| Q4 24 | $81.0M | $2.7M | ||
| Q3 24 | $91.8M | $24.5M | ||
| Q2 24 | $99.2M | $12.4M | ||
| Q1 24 | $9.1M | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | 5.29× | 0.25× | ||
| Q1 25 | 3.33× | 2.60× | ||
| Q4 24 | 7.50× | 0.27× | ||
| Q3 24 | 45.90× | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | 1.28× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
