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Side-by-side financial comparison of Dayforce (DAY) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $481.6M, roughly 1.2× Dayforce). StepStone Group Inc. runs the higher net margin — -21.0% vs -40.9%, a 19.8% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 9.5%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
DAY vs STEP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $586.5M |
| Net Profit | $-196.8M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | -33.2% |
| Net Margin | -40.9% | -21.0% |
| Revenue YoY | 9.5% | 73.0% |
| Net Profit YoY | -9940.0% | 35.7% |
| EPS (diluted) | $-1.23 | $-1.55 |
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 | — | $586.5M | ||
| Q3 25 | $481.6M | $454.2M | ||
| Q2 25 | $464.7M | $364.3M | ||
| Q1 25 | $481.8M | $377.7M | ||
| Q4 24 | $465.2M | $339.0M | ||
| Q3 24 | $440.0M | $271.7M | ||
| Q2 24 | $423.3M | $186.4M | ||
| Q1 24 | $431.5M | $356.8M |
| Q4 25 | — | $-123.5M | ||
| Q3 25 | $-196.8M | $-366.1M | ||
| Q2 25 | $21.3M | $-38.4M | ||
| Q1 25 | $14.9M | $-18.5M | ||
| Q4 24 | $10.8M | $-192.0M | ||
| Q3 24 | $2.0M | $17.6M | ||
| Q2 24 | $-1.8M | $13.3M | ||
| Q1 24 | $7.1M | $30.8M |
| 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 | — | -33.2% | ||
| Q3 25 | 6.3% | -148.8% | ||
| Q2 25 | 9.1% | -5.6% | ||
| Q1 25 | 6.4% | 2.6% | ||
| Q4 24 | 6.1% | -101.7% | ||
| Q3 24 | 4.7% | 21.3% | ||
| Q2 24 | 3.3% | 29.4% | ||
| Q1 24 | 9.4% | 26.5% |
| Q4 25 | — | -21.0% | ||
| Q3 25 | -40.9% | -80.6% | ||
| Q2 25 | 4.6% | -10.5% | ||
| Q1 25 | 3.1% | -4.9% | ||
| Q4 24 | 2.3% | -56.6% | ||
| Q3 24 | 0.5% | 6.5% | ||
| Q2 24 | -0.4% | 7.2% | ||
| Q1 24 | 1.6% | 8.6% |
| Q4 25 | — | $-1.55 | ||
| Q3 25 | $-1.23 | $-4.66 | ||
| Q2 25 | $0.13 | $-0.49 | ||
| Q1 25 | $0.09 | $-0.37 | ||
| Q4 24 | $0.07 | $-2.61 | ||
| Q3 24 | $0.01 | $0.26 | ||
| Q2 24 | $-0.01 | $0.20 | ||
| Q1 24 | $0.04 | $0.47 |
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 | $270.2M |
| Stockholders' EquityBook value | $2.7B | $-378.8M |
| Total Assets | $8.7B | $5.2B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $627.6M | — | ||
| Q2 25 | $625.2M | — | ||
| Q1 25 | $557.3M | — | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $494.1M | — | ||
| Q2 24 | $465.4M | — | ||
| Q1 24 | $392.5M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | $631.1M | $269.9M | ||
| Q2 25 | $631.8M | $269.6M | ||
| Q1 25 | $632.4M | $269.3M | ||
| Q4 24 | $1.2B | $168.9M | ||
| Q3 24 | $1.2B | $172.3M | ||
| Q2 24 | $1.2B | $172.1M | ||
| Q1 24 | $1.2B | $148.8M |
| Q4 25 | — | $-378.8M | ||
| Q3 25 | $2.7B | $-233.5M | ||
| Q2 25 | $2.7B | $153.9M | ||
| Q1 25 | $2.6B | $179.4M | ||
| Q4 24 | $2.5B | $209.8M | ||
| Q3 24 | $2.6B | $397.5M | ||
| Q2 24 | $2.5B | $366.9M | ||
| Q1 24 | $2.4B | $324.5M |
| Q4 25 | — | $5.2B | ||
| Q3 25 | $8.7B | $5.3B | ||
| Q2 25 | $8.5B | $4.8B | ||
| Q1 25 | $9.5B | $4.6B | ||
| Q4 24 | $9.1B | $4.3B | ||
| Q3 24 | $8.1B | $4.0B | ||
| Q2 24 | $9.0B | $3.8B | ||
| Q1 24 | $10.8B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | 1.75× | ||
| Q1 25 | 0.24× | 1.50× | ||
| Q4 24 | 0.47× | 0.81× | ||
| Q3 24 | 0.47× | 0.43× | ||
| Q2 24 | 0.49× | 0.47× | ||
| Q1 24 | 0.50× | 0.46× |
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 | $27.2M |
| Free Cash FlowOCF − Capex | — | $26.7M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.2M | ||
| Q3 25 | $31.2M | $16.2M | ||
| Q2 25 | $112.7M | $46.3M | ||
| Q1 25 | $49.6M | $-66.5M | ||
| Q4 24 | $81.0M | $27.6M | ||
| Q3 24 | $91.8M | $53.7M | ||
| Q2 24 | $99.2M | $50.2M | ||
| Q1 24 | $9.1M | $7.6M |
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | — | $-69.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | — | $52.4M | ||
| Q2 24 | — | $49.6M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -18.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 26.6% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | 3.05× | ||
| Q2 24 | — | 3.76× | ||
| Q1 24 | 1.28× | 0.25× |
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% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
