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Side-by-side financial comparison of Dayforce (DAY) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $481.6M, roughly 1.9× Dayforce). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -40.9%, a 70.4% gap on every dollar of revenue. On growth, Dayforce posted the faster year-over-year revenue change (9.5% vs 8.7%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% CAGR vs 9.6%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
DAY vs ZION — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $891.0M |
| Net Profit | $-196.8M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 6.3% | — |
| Net Margin | -40.9% | 29.5% |
| Revenue YoY | 9.5% | 8.7% |
| Net Profit YoY | -9940.0% | 21.8% |
| EPS (diluted) | $-1.23 | $1.77 |
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 | — | $891.0M | ||
| Q3 25 | $481.6M | $861.0M | ||
| Q2 25 | $464.7M | $838.0M | ||
| Q1 25 | $481.8M | $795.0M | ||
| Q4 24 | $465.2M | $820.0M | ||
| Q3 24 | $440.0M | $792.0M | ||
| Q2 24 | $423.3M | $777.0M | ||
| Q1 24 | $431.5M | $742.0M |
| Q4 25 | — | $263.0M | ||
| Q3 25 | $-196.8M | $222.0M | ||
| Q2 25 | $21.3M | $244.0M | ||
| Q1 25 | $14.9M | $170.0M | ||
| Q4 24 | $10.8M | $216.0M | ||
| Q3 24 | $2.0M | $214.0M | ||
| Q2 24 | $-1.8M | $201.0M | ||
| Q1 24 | $7.1M | $153.0M |
| 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 | — | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 9.4% | — |
| Q4 25 | — | 29.5% | ||
| Q3 25 | -40.9% | 25.8% | ||
| Q2 25 | 4.6% | 29.1% | ||
| Q1 25 | 3.1% | 21.4% | ||
| Q4 24 | 2.3% | 26.3% | ||
| Q3 24 | 0.5% | 27.0% | ||
| Q2 24 | -0.4% | 25.9% | ||
| Q1 24 | 1.6% | 20.6% |
| Q4 25 | — | $1.77 | ||
| Q3 25 | $-1.23 | $1.48 | ||
| Q2 25 | $0.13 | $1.63 | ||
| Q1 25 | $0.09 | $1.13 | ||
| Q4 24 | $0.07 | $1.34 | ||
| Q3 24 | $0.01 | $1.37 | ||
| Q2 24 | $-0.01 | $1.28 | ||
| Q1 24 | $0.04 | $0.96 |
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 | $1.5B |
| Stockholders' EquityBook value | $2.7B | $7.2B |
| Total Assets | $8.7B | $89.0B |
| Debt / EquityLower = less leverage | 0.23× | 0.21× |
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 | — | $1.5B | ||
| Q3 25 | $631.1M | $1.5B | ||
| Q2 25 | $631.8M | $970.0M | ||
| Q1 25 | $632.4M | $964.0M | ||
| Q4 24 | $1.2B | $950.0M | ||
| Q3 24 | $1.2B | $548.0M | ||
| Q2 24 | $1.2B | $546.0M | ||
| Q1 24 | $1.2B | $544.0M |
| Q4 25 | — | $7.2B | ||
| Q3 25 | $2.7B | $6.9B | ||
| Q2 25 | $2.7B | $6.6B | ||
| Q1 25 | $2.6B | $6.3B | ||
| Q4 24 | $2.5B | $6.1B | ||
| Q3 24 | $2.6B | $6.4B | ||
| Q2 24 | $2.5B | $6.0B | ||
| Q1 24 | $2.4B | $5.8B |
| Q4 25 | — | $89.0B | ||
| Q3 25 | $8.7B | $88.5B | ||
| Q2 25 | $8.5B | $88.9B | ||
| Q1 25 | $9.5B | $88.0B | ||
| Q4 24 | $9.1B | $88.8B | ||
| Q3 24 | $8.1B | $87.0B | ||
| Q2 24 | $9.0B | $87.6B | ||
| Q1 24 | $10.8B | $87.1B |
| Q4 25 | — | 0.21× | ||
| Q3 25 | 0.23× | 0.21× | ||
| Q2 25 | 0.23× | 0.15× | ||
| Q1 25 | 0.24× | 0.15× | ||
| Q4 24 | 0.47× | 0.16× | ||
| Q3 24 | 0.47× | 0.09× | ||
| Q2 24 | 0.49× | 0.09× | ||
| Q1 24 | 0.50× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $952.0M |
| FCF MarginFCF / Revenue | — | 106.8% |
| Capex IntensityCapex / Revenue | — | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $31.2M | $438.0M | ||
| Q2 25 | $112.7M | $-62.0M | ||
| Q1 25 | $49.6M | $179.0M | ||
| Q4 24 | $81.0M | $1.1B | ||
| Q3 24 | $91.8M | $119.0M | ||
| Q2 24 | $99.2M | $251.0M | ||
| Q1 24 | $9.1M | $261.0M |
| Q4 25 | — | $952.0M | ||
| Q3 25 | — | $413.0M | ||
| Q2 25 | — | $-93.0M | ||
| Q1 25 | — | $152.0M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $234.0M | ||
| Q1 24 | — | $231.0M |
| Q4 25 | — | 106.8% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | — | -11.1% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | — | 128.2% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | — | 30.1% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | — | 4.08× | ||
| Q3 25 | — | 1.97× | ||
| Q2 25 | 5.29× | -0.25× | ||
| Q1 25 | 3.33× | 1.05× | ||
| Q4 24 | 7.50× | 5.31× | ||
| Q3 24 | 45.90× | 0.56× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | 1.28× | 1.71× |
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% |
ZION
Segment breakdown not available.
