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Side-by-side financial comparison of Dayforce (DAY) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $481.6M, roughly 1.4× Dayforce). Natera, Inc. runs the higher net margin — 7.1% vs -40.9%, a 48.0% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 9.5%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
DAY vs NTRA — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $665.5M |
| Net Profit | $-196.8M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | -3.4% |
| Net Margin | -40.9% | 7.1% |
| Revenue YoY | 9.5% | 39.8% |
| Net Profit YoY | -9940.0% | 187.9% |
| EPS (diluted) | $-1.23 | $0.36 |
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 | — | $665.5M | ||
| Q3 25 | $481.6M | $592.2M | ||
| Q2 25 | $464.7M | $546.6M | ||
| Q1 25 | $481.8M | $501.8M | ||
| Q4 24 | $465.2M | $476.1M | ||
| Q3 24 | $440.0M | $439.8M | ||
| Q2 24 | $423.3M | $413.4M | ||
| Q1 24 | $431.5M | $367.7M |
| Q4 25 | — | $47.3M | ||
| Q3 25 | $-196.8M | $-87.5M | ||
| Q2 25 | $21.3M | $-100.9M | ||
| Q1 25 | $14.9M | $-66.9M | ||
| Q4 24 | $10.8M | $-53.8M | ||
| Q3 24 | $2.0M | $-31.6M | ||
| Q2 24 | $-1.8M | $-37.5M | ||
| Q1 24 | $7.1M | $-67.6M |
| 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 | — | -3.4% | ||
| Q3 25 | 6.3% | -16.5% | ||
| Q2 25 | 9.1% | -20.2% | ||
| Q1 25 | 6.4% | -15.8% | ||
| Q4 24 | 6.1% | -13.6% | ||
| Q3 24 | 4.7% | -8.9% | ||
| Q2 24 | 3.3% | -10.6% | ||
| Q1 24 | 9.4% | -20.2% |
| Q4 25 | — | 7.1% | ||
| Q3 25 | -40.9% | -14.8% | ||
| Q2 25 | 4.6% | -18.5% | ||
| Q1 25 | 3.1% | -13.3% | ||
| Q4 24 | 2.3% | -11.3% | ||
| Q3 24 | 0.5% | -7.2% | ||
| Q2 24 | -0.4% | -9.1% | ||
| Q1 24 | 1.6% | -18.4% |
| Q4 25 | — | $0.36 | ||
| Q3 25 | $-1.23 | $-0.64 | ||
| Q2 25 | $0.13 | $-0.74 | ||
| Q1 25 | $0.09 | $-0.50 | ||
| Q4 24 | $0.07 | $-0.41 | ||
| Q3 24 | $0.01 | $-0.26 | ||
| Q2 24 | $-0.01 | $-0.30 | ||
| Q1 24 | $0.04 | $-0.56 |
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 | $1.7B |
| Total Assets | $8.7B | $2.4B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $627.6M | $1.0M | ||
| Q2 25 | $625.2M | $16.0M | ||
| Q1 25 | $557.3M | $17.8M | ||
| Q4 24 | $579.7M | $22.7M | ||
| Q3 24 | $494.1M | $29.5M | ||
| Q2 24 | $465.4M | $90.3M | ||
| Q1 24 | $392.5M | $69.1M |
| 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 | — | $1.7B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.6B | $878.5M | ||
| Q2 24 | $2.5B | $836.5M | ||
| Q1 24 | $2.4B | $794.1M |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $8.7B | $1.8B | ||
| Q2 25 | $8.5B | $1.8B | ||
| Q1 25 | $9.5B | $1.7B | ||
| Q4 24 | $9.1B | $1.7B | ||
| Q3 24 | $8.1B | $1.6B | ||
| Q2 24 | $9.0B | $1.5B | ||
| Q1 24 | $10.8B | $1.5B |
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $73.9M | ||
| Q3 25 | $31.2M | $59.4M | ||
| Q2 25 | $112.7M | $37.6M | ||
| Q1 25 | $49.6M | $44.5M | ||
| Q4 24 | $81.0M | $52.9M | ||
| Q3 24 | $91.8M | $51.8M | ||
| Q2 24 | $99.2M | $4.0M | ||
| Q1 24 | $9.1M | $27.0M |
| Q4 25 | — | $37.8M | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | — | $11.7M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $34.8M | ||
| Q3 24 | — | $35.5M | ||
| Q2 24 | — | $-7.7M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | -1.9% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | — |
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% |
NTRA
Segment breakdown not available.
