vs
Side-by-side financial comparison of Dayforce (DAY) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $481.6M, roughly 1.8× Dayforce). Trade Desk (The) runs the higher net margin — 22.1% vs -40.9%, a 62.9% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 9.5%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
DAY vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $846.8M |
| Net Profit | $-196.8M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 6.3% | 30.3% |
| Net Margin | -40.9% | 22.1% |
| Revenue YoY | 9.5% | 14.3% |
| Net Profit YoY | -9940.0% | 2.6% |
| EPS (diluted) | $-1.23 | $0.39 |
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 | — | $846.8M | ||
| Q3 25 | $481.6M | $739.4M | ||
| Q2 25 | $464.7M | $694.0M | ||
| Q1 25 | $481.8M | $616.0M | ||
| Q4 24 | $465.2M | $741.0M | ||
| Q3 24 | $440.0M | $628.0M | ||
| Q2 24 | $423.3M | $584.5M | ||
| Q1 24 | $431.5M | $491.3M |
| Q4 25 | — | $186.9M | ||
| Q3 25 | $-196.8M | $115.5M | ||
| Q2 25 | $21.3M | $90.1M | ||
| Q1 25 | $14.9M | $50.7M | ||
| Q4 24 | $10.8M | $182.2M | ||
| Q3 24 | $2.0M | $94.2M | ||
| Q2 24 | $-1.8M | $85.0M | ||
| Q1 24 | $7.1M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | 47.0% | 81.7% | ||
| Q3 24 | 45.8% | 80.5% | ||
| Q2 24 | 44.1% | 81.1% | ||
| Q1 24 | 47.6% | 78.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | 6.3% | 21.8% | ||
| Q2 25 | 9.1% | 16.8% | ||
| Q1 25 | 6.4% | 8.8% | ||
| Q4 24 | 6.1% | 26.4% | ||
| Q3 24 | 4.7% | 17.3% | ||
| Q2 24 | 3.3% | 16.2% | ||
| Q1 24 | 9.4% | 5.8% |
| Q4 25 | — | 22.1% | ||
| Q3 25 | -40.9% | 15.6% | ||
| Q2 25 | 4.6% | 13.0% | ||
| Q1 25 | 3.1% | 8.2% | ||
| Q4 24 | 2.3% | 24.6% | ||
| Q3 24 | 0.5% | 15.0% | ||
| Q2 24 | -0.4% | 14.5% | ||
| Q1 24 | 1.6% | 6.4% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $-1.23 | $0.23 | ||
| Q2 25 | $0.13 | $0.18 | ||
| Q1 25 | $0.09 | $0.10 | ||
| Q4 24 | $0.07 | $0.36 | ||
| Q3 24 | $0.01 | $0.19 | ||
| Q2 24 | $-0.01 | $0.17 | ||
| Q1 24 | $0.04 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $631.1M | — |
| Stockholders' EquityBook value | $2.7B | $2.5B |
| Total Assets | $8.7B | $6.2B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $627.6M | $1.4B | ||
| Q2 25 | $625.2M | $1.7B | ||
| Q1 25 | $557.3M | $1.7B | ||
| Q4 24 | $579.7M | $1.9B | ||
| Q3 24 | $494.1M | $1.7B | ||
| Q2 24 | $465.4M | $1.5B | ||
| Q1 24 | $392.5M | $1.4B |
| 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 | — | $2.5B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.7B | $2.7B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.5B | $2.9B | ||
| Q3 24 | $2.6B | $2.6B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $2.4B | $2.2B |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $8.7B | $5.9B | ||
| Q2 25 | $8.5B | $6.0B | ||
| Q1 25 | $9.5B | $5.7B | ||
| Q4 24 | $9.1B | $6.1B | ||
| Q3 24 | $8.1B | $5.5B | ||
| Q2 24 | $9.0B | $5.2B | ||
| Q1 24 | $10.8B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | — | $285.3M |
| FCF MarginFCF / Revenue | — | 33.7% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $311.6M | ||
| Q3 25 | $31.2M | $224.7M | ||
| Q2 25 | $112.7M | $165.0M | ||
| Q1 25 | $49.6M | $291.4M | ||
| Q4 24 | $81.0M | $199.4M | ||
| Q3 24 | $91.8M | $273.3M | ||
| Q2 24 | $99.2M | $81.3M | ||
| Q1 24 | $9.1M | $185.5M |
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | — | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | — | $178.2M |
| Q4 25 | — | 33.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | — | 36.3% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | 5.29× | 1.83× | ||
| Q1 25 | 3.33× | 5.75× | ||
| Q4 24 | 7.50× | 1.09× | ||
| Q3 24 | 45.90× | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 1.28× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
