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Side-by-side financial comparison of Dayforce (DAY) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $481.6M, roughly 1.6× Dayforce). Zscaler, Inc. runs the higher net margin — -1.5% vs -40.9%, a 39.4% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 9.5%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 9.8%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
DAY vs ZS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $788.1M |
| Net Profit | $-196.8M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | 6.3% | -4.6% |
| Net Margin | -40.9% | -1.5% |
| Revenue YoY | 9.5% | 25.5% |
| Net Profit YoY | -9940.0% | 3.6% |
| EPS (diluted) | $-1.23 | $-0.07 |
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 | — | $788.1M | ||
| Q3 25 | $481.6M | $719.2M | ||
| Q2 25 | $464.7M | $678.0M | ||
| Q1 25 | $481.8M | $647.9M | ||
| Q4 24 | $465.2M | $628.0M | ||
| Q3 24 | $440.0M | $592.9M | ||
| Q2 24 | $423.3M | $553.2M | ||
| Q1 24 | $431.5M | $525.0M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $-196.8M | $-17.6M | ||
| Q2 25 | $21.3M | $-4.1M | ||
| Q1 25 | $14.9M | $-7.7M | ||
| Q4 24 | $10.8M | $-12.1M | ||
| Q3 24 | $2.0M | $-14.9M | ||
| Q2 24 | $-1.8M | $19.1M | ||
| Q1 24 | $7.1M | $-28.5M |
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | 47.0% | 77.5% | ||
| Q3 24 | 45.8% | 78.0% | ||
| Q2 24 | 44.1% | 78.6% | ||
| Q1 24 | 47.6% | 77.7% |
| Q4 25 | — | -4.6% | ||
| Q3 25 | 6.3% | -4.5% | ||
| Q2 25 | 9.1% | -3.7% | ||
| Q1 25 | 6.4% | -6.2% | ||
| Q4 24 | 6.1% | -4.9% | ||
| Q3 24 | 4.7% | -4.5% | ||
| Q2 24 | 3.3% | -0.5% | ||
| Q1 24 | 9.4% | -8.7% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | -40.9% | -2.4% | ||
| Q2 25 | 4.6% | -0.6% | ||
| Q1 25 | 3.1% | -1.2% | ||
| Q4 24 | 2.3% | -1.9% | ||
| Q3 24 | 0.5% | -2.5% | ||
| Q2 24 | -0.4% | 3.5% | ||
| Q1 24 | 1.6% | -5.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $-1.23 | $-0.11 | ||
| Q2 25 | $0.13 | $-0.03 | ||
| Q1 25 | $0.09 | $-0.05 | ||
| Q4 24 | $0.07 | $-0.08 | ||
| Q3 24 | $0.01 | $-0.09 | ||
| Q2 24 | $-0.01 | $0.12 | ||
| Q1 24 | $0.04 | $-0.19 |
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 | $2.0B |
| Total Assets | $8.7B | $6.5B |
| Debt / EquityLower = less leverage | 0.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $627.6M | $2.4B | ||
| Q2 25 | $625.2M | $2.0B | ||
| Q1 25 | $557.3M | $1.8B | ||
| Q4 24 | $579.7M | $1.6B | ||
| Q3 24 | $494.1M | $1.4B | ||
| Q2 24 | $465.4M | $1.3B | ||
| Q1 24 | $392.5M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | $1.1B | ||
| Q1 25 | $632.4M | $1.1B | ||
| Q4 24 | $1.2B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.4B | $958.9M |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $8.7B | $6.4B | ||
| Q2 25 | $8.5B | $5.3B | ||
| Q1 25 | $9.5B | $5.0B | ||
| Q4 24 | $9.1B | $4.7B | ||
| Q3 24 | $8.1B | $4.7B | ||
| Q2 24 | $9.0B | $4.2B | ||
| Q1 24 | $10.8B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | 0.64× | ||
| Q1 25 | 0.24× | 0.71× | ||
| Q4 24 | 0.47× | 0.80× | ||
| Q3 24 | 0.47× | 0.90× | ||
| Q2 24 | 0.49× | 1.04× | ||
| Q1 24 | 0.50× | 1.19× |
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 | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $448.3M | ||
| Q3 25 | $31.2M | $250.6M | ||
| Q2 25 | $112.7M | $211.1M | ||
| Q1 25 | $49.6M | $179.4M | ||
| Q4 24 | $81.0M | $331.3M | ||
| Q3 24 | $91.8M | $203.6M | ||
| Q2 24 | $99.2M | $173.4M | ||
| Q1 24 | $9.1M | $142.1M |
| Q4 25 | — | $431.0M | ||
| Q3 25 | — | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | — | $314.3M | ||
| Q3 24 | — | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | — | $111.2M |
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | — | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | 9.07× | ||
| 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% |
ZS
Segment breakdown not available.
