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Side-by-side financial comparison of Dayforce (DAY) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $385.6M, roughly 1.2× Skyward Specialty Insurance Group, Inc.). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs -40.9%, a 52.1% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 9.5%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
DAY vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $385.6M |
| Net Profit | $-196.8M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | 14.2% |
| Net Margin | -40.9% | 11.2% |
| Revenue YoY | 9.5% | 26.7% |
| Net Profit YoY | -9940.0% | 200.1% |
| EPS (diluted) | $-1.23 | $1.03 |
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 | — | $385.6M | ||
| Q3 25 | $481.6M | $382.5M | ||
| Q2 25 | $464.7M | $319.9M | ||
| Q1 25 | $481.8M | $328.5M | ||
| Q4 24 | $465.2M | $304.4M | ||
| Q3 24 | $440.0M | $300.9M | ||
| Q2 24 | $423.3M | $279.9M | ||
| Q1 24 | $431.5M | $265.0M |
| Q4 25 | — | $43.2M | ||
| Q3 25 | $-196.8M | $45.9M | ||
| Q2 25 | $21.3M | $38.8M | ||
| Q1 25 | $14.9M | $42.1M | ||
| Q4 24 | $10.8M | $14.4M | ||
| Q3 24 | $2.0M | $36.7M | ||
| Q2 24 | $-1.8M | $31.0M | ||
| Q1 24 | $7.1M | $36.8M |
| 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 | — | 14.2% | ||
| Q3 25 | 6.3% | 15.8% | ||
| Q2 25 | 9.1% | 15.6% | ||
| Q1 25 | 6.4% | 15.7% | ||
| Q4 24 | 6.1% | 6.1% | ||
| Q3 24 | 4.7% | 15.6% | ||
| Q2 24 | 3.3% | 14.4% | ||
| Q1 24 | 9.4% | 17.7% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | -40.9% | 12.0% | ||
| Q2 25 | 4.6% | 12.1% | ||
| Q1 25 | 3.1% | 12.8% | ||
| Q4 24 | 2.3% | 4.7% | ||
| Q3 24 | 0.5% | 12.2% | ||
| Q2 24 | -0.4% | 11.1% | ||
| Q1 24 | 1.6% | 13.9% |
| Q4 25 | — | $1.03 | ||
| Q3 25 | $-1.23 | $1.10 | ||
| Q2 25 | $0.13 | $0.93 | ||
| Q1 25 | $0.09 | $1.01 | ||
| Q4 24 | $0.07 | $0.33 | ||
| Q3 24 | $0.01 | $0.89 | ||
| Q2 24 | $-0.01 | $0.75 | ||
| Q1 24 | $0.04 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $1.0B |
| Total Assets | $8.7B | $4.8B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | $627.6M | $160.1M | ||
| Q2 25 | $625.2M | $136.6M | ||
| Q1 25 | $557.3M | $112.9M | ||
| Q4 24 | $579.7M | $121.6M | ||
| Q3 24 | $494.1M | $105.6M | ||
| Q2 24 | $465.4M | $73.0M | ||
| Q1 24 | $392.5M | $85.1M |
| 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 | — | $1.0B | ||
| Q3 25 | $2.7B | $961.4M | ||
| Q2 25 | $2.7B | $899.9M | ||
| Q1 25 | $2.6B | $850.7M | ||
| Q4 24 | $2.5B | $794.0M | ||
| Q3 24 | $2.6B | $797.5M | ||
| Q2 24 | $2.5B | $723.6M | ||
| Q1 24 | $2.4B | $692.3M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $8.7B | $4.6B | ||
| Q2 25 | $8.5B | $4.3B | ||
| Q1 25 | $9.5B | $4.0B | ||
| Q4 24 | $9.1B | $3.7B | ||
| Q3 24 | $8.1B | $3.6B | ||
| Q2 24 | $9.0B | $3.4B | ||
| Q1 24 | $10.8B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $408.1M | ||
| Q3 25 | $31.2M | $171.4M | ||
| Q2 25 | $112.7M | $88.2M | ||
| Q1 25 | $49.6M | $96.8M | ||
| Q4 24 | $81.0M | $305.1M | ||
| Q3 24 | $91.8M | $168.0M | ||
| Q2 24 | $99.2M | $21.0M | ||
| Q1 24 | $9.1M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | 5.29× | 2.27× | ||
| Q1 25 | 3.33× | 2.30× | ||
| Q4 24 | 7.50× | 21.18× | ||
| Q3 24 | 45.90× | 4.58× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 1.28× | 2.56× |
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% |
SKWD
Segment breakdown not available.
