Dayforce Inc (DAY) 10-Year Financial Performance & Capital Metrics

DAY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

AboutDayforce Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was formerly known as Ceridian HCM Holding Inc. and changed its name to Dayforce Inc. in February 2024. Dayforce Inc. was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.Show more

Revenue $1.76B +16.3%
EBITDA $314M +18.2%
Net Income $18M -67.0%
EPS (Diluted) 0.11 -68.6%
Gross Margin 46.14% +8.0%
EBITDA Margin 17.84% +1.6%
Operating Margin 5.91% -32.7%
Net Margin 1.03% -71.6%
ROE 0.73% -69.9%
ROIC 2.49% -25.1%
Debt/Equity 0.48 -6.6%
Interest Coverage 2.56 -30.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.4%

✗Weaknesses

✗Profits declining 25.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y16.39%

3Y19.78%

TTM11.73%

Profit (Net Income) CAGR

10Y-

5Y-25.47%

3Y-

TTM-383.18%

EPS CAGR

10Y-

5Y-26.98%

3Y-

TTM-384.9%

ROCE

10Y Avg1.33%

5Y Avg0.99%

3Y Avg1.93%

Latest2.78%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	693.9M	623.4M	750.7M	740.7M	824.1M	842.5M	1.02B	1.25B	1.51B	1.76B
Revenue Growth %	-	-0.1%	0.2%	-0.01%	0.11%	0.02%	0.22%	0.22%	0.21%	0.16%
Cost of Goods Sold+	413.1M	396.4M	406.7M	425.8M	455.9M	501.2M	641.9M	773M	867.2M	947.9M
COGS % of Revenue	0.6%	0.64%	0.54%	0.57%	0.55%	0.59%	0.63%	0.62%	0.57%	0.54%
Gross Profit+	280.8M	227M	269.5M	314.9M	368.2M	341.3M	382.3M	473.2M	646.5M	812.1M
Gross Margin %	0.4%	0.36%	0.36%	0.43%	0.45%	0.41%	0.37%	0.38%	0.43%	0.46%
Gross Profit Growth %	-	-0.19%	0.19%	0.17%	0.17%	-0.07%	0.12%	0.24%	0.37%	0.26%
Operating Expenses+	245.5M	238.2M	214.1M	258.8M	295.9M	333.5M	417.8M	499M	513.4M	708M
OpEx % of Revenue	0.35%	0.38%	0.29%	0.35%	0.36%	0.4%	0.41%	0.4%	0.34%	0.4%
Selling, General & Admin	245.5M	225.3M	214.1M	258.8M	295.9M	333.5M	417.8M	499M	513.4M	708M
SG&A % of Revenue	0.35%	0.36%	0.29%	0.35%	0.36%	0.4%	0.41%	0.4%	0.34%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	193.7M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0.11%
Other Operating Expenses	0	12.9M	0	0	0	0	0	0	0	-193.7M
Operating Income+	35.3M	-11.2M	55.4M	56.1M	72.3M	7.8M	-35.5M	-25.8M	133.1M	104.1M
Operating Margin %	0.05%	-0.02%	0.07%	0.08%	0.09%	0.01%	-0.03%	-0.02%	0.09%	0.06%
Operating Income Growth %	-	-1.32%	5.95%	0.01%	0.29%	-0.89%	-5.55%	0.27%	6.16%	-0.22%
EBITDA+	91.3M	46.1M	109.2M	112.7M	129.4M	59.6M	42M	63.2M	265.6M	313.9M
EBITDA Margin %	0.13%	0.07%	0.15%	0.15%	0.16%	0.07%	0.04%	0.05%	0.18%	0.18%
EBITDA Growth %	-	-0.5%	1.37%	0.03%	0.15%	-0.54%	-0.3%	0.5%	3.2%	0.18%
D&A (Non-Cash Add-back)	56M	57.3M	53.8M	56.6M	57.1M	51.8M	77.5M	89M	132.5M	209.8M
EBIT	7.5M	-11.2M	46.6M	56.3M	66.7M	5.1M	-54.4M	-34.3M	132.1M	78.2M
Net Interest Income+	-87.8M	-87.4M	-87.1M	-83.2M	-32.4M	-25.1M	-35.9M	-28.6M	-36.1M	-40.6M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	87.8M	87.4M	87.1M	83.2M	32.4M	25.1M	35.9M	28.6M	36.1M	40.6M
Other Income/Expense	-115.6M	-87.4M	-95.9M	-83M	-38M	-27.8M	-54.8M	-37.1M	-37.1M	-66.5M
Pretax Income+	-80.3M	-98.6M	-40.5M	-26.9M	34.3M	-20M	-90.3M	-62.9M	96M	37.6M
Pretax Margin %	-0.12%	-0.16%	-0.05%	-0.04%	0.04%	-0.02%	-0.09%	-0.05%	0.06%	0.02%
Income Tax+	8.6M	6.7M	-44.7M	8.4M	-44.4M	-16M	-14.9M	10.5M	41.2M	19.5M
Effective Tax Rate %	1.3%	0.94%	0.23%	2.25%	2.29%	0.2%	0.83%	1.17%	0.57%	0.48%
Net Income+	-104.7M	-92.9M	-9.2M	-60.6M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Net Margin %	-0.15%	-0.15%	-0.01%	-0.08%	0.1%	-0%	-0.07%	-0.06%	0.04%	0.01%
Net Income Growth %	-	0.11%	0.9%	-5.59%	2.3%	-1.05%	-17.85%	0.03%	1.75%	-0.67%
Net Income (Continuing)	-108.4M	-105.3M	8M	-35.3M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Discontinued Operations	0	0	-6M	0	0	0	0	0	0	0
Minority Interest	0	38.7M	37.8M	0	0	0	0	0	0	0
EPS (Diluted)+	-0.79	-0.70	-0.07	-0.53	0.53	-0.03	-0.50	-0.48	0.35	0.11
EPS Growth %	-	0.11%	0.9%	-6.67%	2%	-1.05%	-17.32%	0.04%	1.73%	-0.69%
EPS (Basic)	-1.60	-1.42	-0.14	-0.53	0.55	-0.03	-0.50	-0.48	0.35	0.11
Diluted Shares Outstanding	133.17M	133.17M	133.17M	114.05M	148.76M	146.77M	150.4M	152.94M	158.5M	160.4M
Basic Shares Outstanding	65.31M	65.31M	65.31M	114.05M	142.05M	146.77M	150.4M	152.9M	155.3M	157.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.62B	3.94B	4.32B	2.93B	3.62B	4.12B	4.14B	5.44B	5.96B	5.98B
Cash & Short-Term Investments	63.2M	131.4M	99.6M	217.8M	281.3M	188.2M	367.5M	431.9M	570.3M	579.7M
Cash Only	63.2M	131.4M	99.6M	217.8M	281.3M	188.2M	367.5M	431.9M	570.3M	579.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	64.8M	78.1M	66.6M	63.9M	80.4M	101.1M	146.3M	180.1M	228.8M	264.8M
Days Sales Outstanding	34.09	45.73	32.38	31.49	35.61	43.8	52.14	52.75	55.17	54.92
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	4.46B	3.7B	4.26B	2.61B	3.2B	3.76B	3.54B	4.83B	5.16B	5.14B
Total Non-Current Assets+	2.36B	2.38B	2.41B	2.31B	2.46B	2.58B	3.02B	3.02B	3.06B	3.13B
Property, Plant & Equipment	88.3M	86.9M	103.8M	104.4M	160.3M	164.3M	157.6M	199.2M	229.2M	236M
Fixed Asset Turnover	7.86x	7.17x	7.23x	7.09x	5.14x	5.13x	6.50x	6.26x	6.60x	7.46x
Goodwill	2.01B	2.06B	2.09B	1.93B	1.97B	2.03B	2.32B	2.28B	2.29B	2.34B
Intangible Assets	263.6M	232.9M	212.4M	187.5M	177.9M	195M	332.5M	281.6M	230.2M	189.2M
Long-Term Investments	0	75.2M	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.8M	3.2M	4M	94.4M	150.3M	187.6M	208.4M	262.4M	302.4M	371.6M
Total Assets+	6.98B	6.33B	6.73B	5.25B	6.09B	6.7B	7.17B	8.46B	9.01B	9.12B
Asset Turnover	0.10x	0.10x	0.11x	0.14x	0.14x	0.13x	0.14x	0.15x	0.17x	0.19x
Asset Growth %	-	-0.09%	0.06%	-0.22%	0.16%	0.1%	0.07%	0.18%	0.06%	0.01%
Total Current Liabilities+	4.58B	3.88B	4.27B	2.77B	3.37B	3.86B	3.74B	5.08B	5.33B	5.31B
Accounts Payable	48.8M	46.4M	44.4M	41.5M	43.2M	38.9M	51.7M	54.3M	66.7M	77M
Days Payables Outstanding	43.12	42.72	39.85	35.57	34.59	28.33	29.4	25.64	28.07	29.65
Short-Term Debt	7M	2.3M	0	6.8M	10.8M	7.2M	8.3M	7.8M	7.6M	7.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.43B	3.77B	4.19B	2.67B	3.27B	3.76B	3.6B	4.94B	5.18B	5.15B
Current Ratio	1.01x	1.02x	1.01x	1.06x	1.07x	1.07x	1.11x	1.07x	1.12x	1.13x
Quick Ratio	1.01x	1.02x	1.01x	1.06x	1.07x	1.07x	1.11x	1.07x	1.12x	1.13x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.45B	1.44B	1.33B	862.7M	831.7M	739.2M	1.2B	1.27B	1.28B	1.26B
Long-Term Debt	1.14B	1.14B	1.12B	663.5M	666.3M	660.6M	1.12B	1.21B	1.21B	1.21B
Capital Lease Obligations	0	0	0	0	30.1M	33.6M	32.7M	23.7M	18.9M	10.8M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	307.7M	301.3M	208.6M	199.2M	135.3M	45M	39.7M	37.2M	48.8M	36M
Total Liabilities	6.03B	5.32B	5.6B	3.63B	4.2B	4.6B	4.94B	6.35B	6.61B	6.57B
Total Debt+	1.15B	1.14B	1.12B	670.3M	716M	711.9M	1.18B	1.25B	1.24B	1.23B
Net Debt	1.09B	1.01B	1.02B	452.5M	434.7M	523.7M	809.2M	823M	673.3M	653.2M
Debt / Equity	1.20x	1.14x	0.99x	0.41x	0.38x	0.34x	0.53x	0.59x	0.52x	0.48x
Debt / EBITDA	12.60x	24.77x	10.25x	5.95x	5.53x	11.94x	28.02x	19.86x	4.68x	3.93x
Net Debt / EBITDA	11.91x	21.92x	9.34x	4.02x	3.36x	8.79x	19.27x	13.02x	2.54x	2.08x
Interest Coverage	0.40x	-0.13x	0.64x	0.67x	2.23x	0.31x	-0.99x	-0.90x	3.69x	2.56x
Total Equity+	954.8M	1.01B	1.13B	1.62B	1.88B	2.1B	2.23B	2.11B	2.4B	2.55B
Equity Growth %	-	0.05%	0.12%	0.43%	0.17%	0.11%	0.06%	-0.05%	0.14%	0.06%
Book Value per Share	7.17	7.55	8.48	14.16	12.65	14.30	14.81	13.79	15.13	15.87
Total Shareholders' Equity	954.8M	967.2M	1.09B	1.62B	1.88B	2.1B	2.23B	2.11B	2.4B	2.55B
Common Stock	1.3M	700K	700K	1.4M	1.4M	1.5M	1.5M	1.5M	1.6M	1.6M
Retained Earnings	-198.8M	-318.5M	-348.2M	-335.6M	-229.8M	-233.8M	-309.2M	-372.6M	-317.8M	-335.8M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-379.2M	-351.5M	-312.1M	-375.9M	-338.4M	-276M	-324.8M	-485M	-436.7M	-482.7M
Minority Interest	0	38.7M	37.8M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-18.3M	-75.5M	-39.8M	9.5M	50.6M	-30.2M	48.8M	132.6M	219.5M	281.1M
Operating CF Margin %	-0.03%	-0.12%	-0.05%	0.01%	0.06%	-0.04%	0.05%	0.11%	0.15%	0.16%
Operating CF Growth %	-	-3.13%	0.47%	1.24%	4.33%	-1.6%	2.62%	1.72%	0.66%	0.28%
Net Income	-104.7M	-92.8M	-10.5M	-61.1M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Depreciation & Amortization	56M	53.2M	57.9M	56.6M	57.1M	51.8M	77.5M	89M	132.5M	209.8M
Stock-Based Compensation	12.8M	12.5M	17.2M	23.2M	36.5M	65.8M	113.4M	144.8M	136.7M	155.5M
Deferred Taxes	-7.9M	-8.3M	-65M	-16.1M	-69.4M	-7M	-38.5M	-1.7M	4.1M	-34.1M
Other Non-Cash Items	66.1M	9.2M	4.2M	55.4M	9.2M	24.3M	12.8M	16M	16.2M	37.8M
Working Capital Changes	-40.6M	-49.3M	-43.6M	-48.5M	-61.5M	-161.1M	-41M	-42.1M	-124.8M	-106M
Change in Receivables	-8.5M	-7.2M	5.3M	-3.6M	-16.4M	-12M	-34.8M	-39.5M	-48.3M	-48M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-3.2M	-4.4M	-4.3M	-6.4M	3.8M	-1.4M	9.3M	-200K	9.3M	15.7M
Cash from Investing+	323.9M	763M	-407.4M	-51.1M	-119.3M	38.8M	-711.1M	-342.5M	-202.8M	-471.9M
Capital Expenditures	-9.2M	-7.4M	-17.5M	-8M	-16.3M	-18.1M	-63.7M	-94.5M	-114.4M	-109.6M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.02%	0.02%	0.06%	0.08%	0.08%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	386.7M	690.9M	-33.3M	-32.2M	-38.9M	-41.7M	37.9M	0	-1M	0
Cash from Financing+	-368.2M	-630.7M	406.8M	-1.25B	609.7M	565.3M	491.9M	764.6M	242M	59.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-361.2M	-693.9M	356.1M	-1.39B	616.9M	575.3M	-62.1M	773M	249.9M	94M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-52.8M	-108.4M	-90.6M	-30.7M	-4.6M	-90M	-14.9M	38.1M	105.1M	171.5M
FCF Margin %	-0.08%	-0.17%	-0.12%	-0.04%	-0.01%	-0.11%	-0.01%	0.03%	0.07%	0.1%
FCF Growth %	-	-1.05%	0.16%	0.66%	0.85%	-18.57%	0.83%	3.56%	1.76%	0.63%
FCF per Share	-0.40	-0.81	-0.68	-0.27	-0.03	-0.61	-0.10	0.25	0.66	1.07
FCF Conversion (FCF/Net Income)	0.17x	0.81x	4.33x	-0.16x	0.64x	7.55x	-0.65x	-1.81x	4.01x	15.53x
Interest Paid	83.9M	84.9M	89.7M	74.5M	37.4M	26.7M	19.1M	30.1M	52.4M	45.3M
Taxes Paid	-15.7M	14.8M	21.3M	21.1M	36.2M	4.2M	33.4M	17.6M	43M	56.4M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.97%	-9.48%	-0.86%	-4.42%	4.5%	-0.2%	-3.49%	-3.38%	2.43%	0.73%
Return on Invested Capital (ROIC)	1.3%	-0.41%	1.99%	2%	2.47%	0.24%	-0.94%	-0.65%	3.33%	2.49%
Gross Margin	40.47%	36.41%	35.9%	42.51%	44.68%	40.51%	37.33%	37.97%	42.71%	46.14%
Net Margin	-15.09%	-14.9%	-1.23%	-8.18%	9.55%	-0.47%	-7.36%	-5.89%	3.62%	1.03%
Debt / Equity	1.20x	1.14x	0.99x	0.41x	0.38x	0.34x	0.53x	0.59x	0.52x	0.48x
Interest Coverage	0.40x	-0.13x	0.64x	0.67x	2.23x	0.31x	-0.99x	-0.90x	3.69x	2.56x
FCF Conversion	0.17x	0.81x	4.33x	-0.16x	0.64x	7.55x	-0.65x	-1.81x	4.01x	15.53x
Revenue Growth	-	-10.16%	20.42%	-1.33%	11.26%	2.23%	21.57%	21.68%	21.47%	16.27%

Revenue by Segment

	2023	2024
Recurring Revenue	1.3B	1.52B
Recurring Revenue Growth	-	16.96%
Cloud Dayforce Recurring Services	1.11B	1.34B
Cloud Dayforce Recurring Services Growth	-	20.59%
Professional Services And Other	216.4M	242.7M
Professional Services And Other Growth	-	12.15%
Cloud Powerpay Recurring Services	100.3M	102.5M
Cloud Powerpay Recurring Services Growth	-	2.19%

Revenue by Geography

	2023	2024
UNITED STATES	989.5M	1.16B
UNITED STATES Growth	-	17.36%
CANADA	331M	372.1M
CANADA Growth	-	12.42%
Other Country	193.2M	149.6M
Other Country Growth	-	-22.57%

Frequently Asked Questions

Growth & Financials

Dayforce Inc (DAY) reported $1.89B in revenue for fiscal year 2024. This represents a 173% increase from $693.9M in 2015.

Dayforce Inc (DAY) grew revenue by 16.3% over the past year. This is strong growth.

Dayforce Inc (DAY) reported a net loss of $149.8M for fiscal year 2024.

Dividend & Returns

Dayforce Inc (DAY) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Dayforce Inc (DAY) generated $165.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Dayforce Inc (DAY) 10-Year Financial Performance & Capital Metrics

DAY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

Revenue $1.76B +16.3%
EBITDA $314M +18.2%
Net Income $18M -67.0%
EPS (Diluted) 0.11 -68.6%
Gross Margin 46.14% +8.0%
EBITDA Margin 17.84% +1.6%
Operating Margin 5.91% -32.7%
Net Margin 1.03% -71.6%
ROE 0.73% -69.9%
ROIC 2.49% -25.1%
Debt/Equity 0.48 -6.6%
Interest Coverage 2.56 -30.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 16.4%

✗Weaknesses

✗Profits declining 25.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y16.39%

3Y19.78%

TTM11.73%

Profit (Net Income) CAGR

10Y-

5Y-25.47%

3Y-

TTM-383.18%

EPS CAGR

10Y-

5Y-26.98%

3Y-

TTM-384.9%

ROCE

10Y Avg1.33%

5Y Avg0.99%

3Y Avg1.93%

Latest2.78%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	693.9M	623.4M	750.7M	740.7M	824.1M	842.5M	1.02B	1.25B	1.51B	1.76B
Revenue Growth %	-	-0.1%	0.2%	-0.01%	0.11%	0.02%	0.22%	0.22%	0.21%	0.16%
Cost of Goods Sold+	413.1M	396.4M	406.7M	425.8M	455.9M	501.2M	641.9M	773M	867.2M	947.9M
COGS % of Revenue	0.6%	0.64%	0.54%	0.57%	0.55%	0.59%	0.63%	0.62%	0.57%	0.54%
Gross Profit+	280.8M	227M	269.5M	314.9M	368.2M	341.3M	382.3M	473.2M	646.5M	812.1M
Gross Margin %	0.4%	0.36%	0.36%	0.43%	0.45%	0.41%	0.37%	0.38%	0.43%	0.46%
Gross Profit Growth %	-	-0.19%	0.19%	0.17%	0.17%	-0.07%	0.12%	0.24%	0.37%	0.26%
Operating Expenses+	245.5M	238.2M	214.1M	258.8M	295.9M	333.5M	417.8M	499M	513.4M	708M
OpEx % of Revenue	0.35%	0.38%	0.29%	0.35%	0.36%	0.4%	0.41%	0.4%	0.34%	0.4%
Selling, General & Admin	245.5M	225.3M	214.1M	258.8M	295.9M	333.5M	417.8M	499M	513.4M	708M
SG&A % of Revenue	0.35%	0.36%	0.29%	0.35%	0.36%	0.4%	0.41%	0.4%	0.34%	0.4%
Research & Development	0	0	0	0	0	0	0	0	0	193.7M
R&D % of Revenue	-	-	-	-	-	-	-	-	-	0.11%
Other Operating Expenses	0	12.9M	0	0	0	0	0	0	0	-193.7M
Operating Income+	35.3M	-11.2M	55.4M	56.1M	72.3M	7.8M	-35.5M	-25.8M	133.1M	104.1M
Operating Margin %	0.05%	-0.02%	0.07%	0.08%	0.09%	0.01%	-0.03%	-0.02%	0.09%	0.06%
Operating Income Growth %	-	-1.32%	5.95%	0.01%	0.29%	-0.89%	-5.55%	0.27%	6.16%	-0.22%
EBITDA+	91.3M	46.1M	109.2M	112.7M	129.4M	59.6M	42M	63.2M	265.6M	313.9M
EBITDA Margin %	0.13%	0.07%	0.15%	0.15%	0.16%	0.07%	0.04%	0.05%	0.18%	0.18%
EBITDA Growth %	-	-0.5%	1.37%	0.03%	0.15%	-0.54%	-0.3%	0.5%	3.2%	0.18%
D&A (Non-Cash Add-back)	56M	57.3M	53.8M	56.6M	57.1M	51.8M	77.5M	89M	132.5M	209.8M
EBIT	7.5M	-11.2M	46.6M	56.3M	66.7M	5.1M	-54.4M	-34.3M	132.1M	78.2M
Net Interest Income+	-87.8M	-87.4M	-87.1M	-83.2M	-32.4M	-25.1M	-35.9M	-28.6M	-36.1M	-40.6M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	87.8M	87.4M	87.1M	83.2M	32.4M	25.1M	35.9M	28.6M	36.1M	40.6M
Other Income/Expense	-115.6M	-87.4M	-95.9M	-83M	-38M	-27.8M	-54.8M	-37.1M	-37.1M	-66.5M
Pretax Income+	-80.3M	-98.6M	-40.5M	-26.9M	34.3M	-20M	-90.3M	-62.9M	96M	37.6M
Pretax Margin %	-0.12%	-0.16%	-0.05%	-0.04%	0.04%	-0.02%	-0.09%	-0.05%	0.06%	0.02%
Income Tax+	8.6M	6.7M	-44.7M	8.4M	-44.4M	-16M	-14.9M	10.5M	41.2M	19.5M
Effective Tax Rate %	1.3%	0.94%	0.23%	2.25%	2.29%	0.2%	0.83%	1.17%	0.57%	0.48%
Net Income+	-104.7M	-92.9M	-9.2M	-60.6M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Net Margin %	-0.15%	-0.15%	-0.01%	-0.08%	0.1%	-0%	-0.07%	-0.06%	0.04%	0.01%
Net Income Growth %	-	0.11%	0.9%	-5.59%	2.3%	-1.05%	-17.85%	0.03%	1.75%	-0.67%
Net Income (Continuing)	-108.4M	-105.3M	8M	-35.3M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Discontinued Operations	0	0	-6M	0	0	0	0	0	0	0
Minority Interest	0	38.7M	37.8M	0	0	0	0	0	0	0
EPS (Diluted)+	-0.79	-0.70	-0.07	-0.53	0.53	-0.03	-0.50	-0.48	0.35	0.11
EPS Growth %	-	0.11%	0.9%	-6.67%	2%	-1.05%	-17.32%	0.04%	1.73%	-0.69%
EPS (Basic)	-1.60	-1.42	-0.14	-0.53	0.55	-0.03	-0.50	-0.48	0.35	0.11
Diluted Shares Outstanding	133.17M	133.17M	133.17M	114.05M	148.76M	146.77M	150.4M	152.94M	158.5M	160.4M
Basic Shares Outstanding	65.31M	65.31M	65.31M	114.05M	142.05M	146.77M	150.4M	152.9M	155.3M	157.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.62B	3.94B	4.32B	2.93B	3.62B	4.12B	4.14B	5.44B	5.96B	5.98B
Cash & Short-Term Investments	63.2M	131.4M	99.6M	217.8M	281.3M	188.2M	367.5M	431.9M	570.3M	579.7M
Cash Only	63.2M	131.4M	99.6M	217.8M	281.3M	188.2M	367.5M	431.9M	570.3M	579.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	64.8M	78.1M	66.6M	63.9M	80.4M	101.1M	146.3M	180.1M	228.8M	264.8M
Days Sales Outstanding	34.09	45.73	32.38	31.49	35.61	43.8	52.14	52.75	55.17	54.92
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	4.46B	3.7B	4.26B	2.61B	3.2B	3.76B	3.54B	4.83B	5.16B	5.14B
Total Non-Current Assets+	2.36B	2.38B	2.41B	2.31B	2.46B	2.58B	3.02B	3.02B	3.06B	3.13B
Property, Plant & Equipment	88.3M	86.9M	103.8M	104.4M	160.3M	164.3M	157.6M	199.2M	229.2M	236M
Fixed Asset Turnover	7.86x	7.17x	7.23x	7.09x	5.14x	5.13x	6.50x	6.26x	6.60x	7.46x
Goodwill	2.01B	2.06B	2.09B	1.93B	1.97B	2.03B	2.32B	2.28B	2.29B	2.34B
Intangible Assets	263.6M	232.9M	212.4M	187.5M	177.9M	195M	332.5M	281.6M	230.2M	189.2M
Long-Term Investments	0	75.2M	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.8M	3.2M	4M	94.4M	150.3M	187.6M	208.4M	262.4M	302.4M	371.6M
Total Assets+	6.98B	6.33B	6.73B	5.25B	6.09B	6.7B	7.17B	8.46B	9.01B	9.12B
Asset Turnover	0.10x	0.10x	0.11x	0.14x	0.14x	0.13x	0.14x	0.15x	0.17x	0.19x
Asset Growth %	-	-0.09%	0.06%	-0.22%	0.16%	0.1%	0.07%	0.18%	0.06%	0.01%
Total Current Liabilities+	4.58B	3.88B	4.27B	2.77B	3.37B	3.86B	3.74B	5.08B	5.33B	5.31B
Accounts Payable	48.8M	46.4M	44.4M	41.5M	43.2M	38.9M	51.7M	54.3M	66.7M	77M
Days Payables Outstanding	43.12	42.72	39.85	35.57	34.59	28.33	29.4	25.64	28.07	29.65
Short-Term Debt	7M	2.3M	0	6.8M	10.8M	7.2M	8.3M	7.8M	7.6M	7.3M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	4.43B	3.77B	4.19B	2.67B	3.27B	3.76B	3.6B	4.94B	5.18B	5.15B
Current Ratio	1.01x	1.02x	1.01x	1.06x	1.07x	1.07x	1.11x	1.07x	1.12x	1.13x
Quick Ratio	1.01x	1.02x	1.01x	1.06x	1.07x	1.07x	1.11x	1.07x	1.12x	1.13x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.45B	1.44B	1.33B	862.7M	831.7M	739.2M	1.2B	1.27B	1.28B	1.26B
Long-Term Debt	1.14B	1.14B	1.12B	663.5M	666.3M	660.6M	1.12B	1.21B	1.21B	1.21B
Capital Lease Obligations	0	0	0	0	30.1M	33.6M	32.7M	23.7M	18.9M	10.8M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	307.7M	301.3M	208.6M	199.2M	135.3M	45M	39.7M	37.2M	48.8M	36M
Total Liabilities	6.03B	5.32B	5.6B	3.63B	4.2B	4.6B	4.94B	6.35B	6.61B	6.57B
Total Debt+	1.15B	1.14B	1.12B	670.3M	716M	711.9M	1.18B	1.25B	1.24B	1.23B
Net Debt	1.09B	1.01B	1.02B	452.5M	434.7M	523.7M	809.2M	823M	673.3M	653.2M
Debt / Equity	1.20x	1.14x	0.99x	0.41x	0.38x	0.34x	0.53x	0.59x	0.52x	0.48x
Debt / EBITDA	12.60x	24.77x	10.25x	5.95x	5.53x	11.94x	28.02x	19.86x	4.68x	3.93x
Net Debt / EBITDA	11.91x	21.92x	9.34x	4.02x	3.36x	8.79x	19.27x	13.02x	2.54x	2.08x
Interest Coverage	0.40x	-0.13x	0.64x	0.67x	2.23x	0.31x	-0.99x	-0.90x	3.69x	2.56x
Total Equity+	954.8M	1.01B	1.13B	1.62B	1.88B	2.1B	2.23B	2.11B	2.4B	2.55B
Equity Growth %	-	0.05%	0.12%	0.43%	0.17%	0.11%	0.06%	-0.05%	0.14%	0.06%
Book Value per Share	7.17	7.55	8.48	14.16	12.65	14.30	14.81	13.79	15.13	15.87
Total Shareholders' Equity	954.8M	967.2M	1.09B	1.62B	1.88B	2.1B	2.23B	2.11B	2.4B	2.55B
Common Stock	1.3M	700K	700K	1.4M	1.4M	1.5M	1.5M	1.5M	1.6M	1.6M
Retained Earnings	-198.8M	-318.5M	-348.2M	-335.6M	-229.8M	-233.8M	-309.2M	-372.6M	-317.8M	-335.8M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-379.2M	-351.5M	-312.1M	-375.9M	-338.4M	-276M	-324.8M	-485M	-436.7M	-482.7M
Minority Interest	0	38.7M	37.8M	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-18.3M	-75.5M	-39.8M	9.5M	50.6M	-30.2M	48.8M	132.6M	219.5M	281.1M
Operating CF Margin %	-0.03%	-0.12%	-0.05%	0.01%	0.06%	-0.04%	0.05%	0.11%	0.15%	0.16%
Operating CF Growth %	-	-3.13%	0.47%	1.24%	4.33%	-1.6%	2.62%	1.72%	0.66%	0.28%
Net Income	-104.7M	-92.8M	-10.5M	-61.1M	78.7M	-4M	-75.4M	-73.4M	54.8M	18.1M
Depreciation & Amortization	56M	53.2M	57.9M	56.6M	57.1M	51.8M	77.5M	89M	132.5M	209.8M
Stock-Based Compensation	12.8M	12.5M	17.2M	23.2M	36.5M	65.8M	113.4M	144.8M	136.7M	155.5M
Deferred Taxes	-7.9M	-8.3M	-65M	-16.1M	-69.4M	-7M	-38.5M	-1.7M	4.1M	-34.1M
Other Non-Cash Items	66.1M	9.2M	4.2M	55.4M	9.2M	24.3M	12.8M	16M	16.2M	37.8M
Working Capital Changes	-40.6M	-49.3M	-43.6M	-48.5M	-61.5M	-161.1M	-41M	-42.1M	-124.8M	-106M
Change in Receivables	-8.5M	-7.2M	5.3M	-3.6M	-16.4M	-12M	-34.8M	-39.5M	-48.3M	-48M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	-3.2M	-4.4M	-4.3M	-6.4M	3.8M	-1.4M	9.3M	-200K	9.3M	15.7M
Cash from Investing+	323.9M	763M	-407.4M	-51.1M	-119.3M	38.8M	-711.1M	-342.5M	-202.8M	-471.9M
Capital Expenditures	-9.2M	-7.4M	-17.5M	-8M	-16.3M	-18.1M	-63.7M	-94.5M	-114.4M	-109.6M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.01%	0.02%	0.02%	0.06%	0.08%	0.08%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	386.7M	690.9M	-33.3M	-32.2M	-38.9M	-41.7M	37.9M	0	-1M	0
Cash from Financing+	-368.2M	-630.7M	406.8M	-1.25B	609.7M	565.3M	491.9M	764.6M	242M	59.6M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-361.2M	-693.9M	356.1M	-1.39B	616.9M	575.3M	-62.1M	773M	249.9M	94M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-52.8M	-108.4M	-90.6M	-30.7M	-4.6M	-90M	-14.9M	38.1M	105.1M	171.5M
FCF Margin %	-0.08%	-0.17%	-0.12%	-0.04%	-0.01%	-0.11%	-0.01%	0.03%	0.07%	0.1%
FCF Growth %	-	-1.05%	0.16%	0.66%	0.85%	-18.57%	0.83%	3.56%	1.76%	0.63%
FCF per Share	-0.40	-0.81	-0.68	-0.27	-0.03	-0.61	-0.10	0.25	0.66	1.07
FCF Conversion (FCF/Net Income)	0.17x	0.81x	4.33x	-0.16x	0.64x	7.55x	-0.65x	-1.81x	4.01x	15.53x
Interest Paid	83.9M	84.9M	89.7M	74.5M	37.4M	26.7M	19.1M	30.1M	52.4M	45.3M
Taxes Paid	-15.7M	14.8M	21.3M	21.1M	36.2M	4.2M	33.4M	17.6M	43M	56.4M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.97%	-9.48%	-0.86%	-4.42%	4.5%	-0.2%	-3.49%	-3.38%	2.43%	0.73%
Return on Invested Capital (ROIC)	1.3%	-0.41%	1.99%	2%	2.47%	0.24%	-0.94%	-0.65%	3.33%	2.49%
Gross Margin	40.47%	36.41%	35.9%	42.51%	44.68%	40.51%	37.33%	37.97%	42.71%	46.14%
Net Margin	-15.09%	-14.9%	-1.23%	-8.18%	9.55%	-0.47%	-7.36%	-5.89%	3.62%	1.03%
Debt / Equity	1.20x	1.14x	0.99x	0.41x	0.38x	0.34x	0.53x	0.59x	0.52x	0.48x
Interest Coverage	0.40x	-0.13x	0.64x	0.67x	2.23x	0.31x	-0.99x	-0.90x	3.69x	2.56x
FCF Conversion	0.17x	0.81x	4.33x	-0.16x	0.64x	7.55x	-0.65x	-1.81x	4.01x	15.53x
Revenue Growth	-	-10.16%	20.42%	-1.33%	11.26%	2.23%	21.57%	21.68%	21.47%	16.27%

Revenue by Segment

	2023	2024
Recurring Revenue	1.3B	1.52B
Recurring Revenue Growth	-	16.96%
Cloud Dayforce Recurring Services	1.11B	1.34B
Cloud Dayforce Recurring Services Growth	-	20.59%
Professional Services And Other	216.4M	242.7M
Professional Services And Other Growth	-	12.15%
Cloud Powerpay Recurring Services	100.3M	102.5M
Cloud Powerpay Recurring Services Growth	-	2.19%

Revenue by Geography

	2023	2024
UNITED STATES	989.5M	1.16B
UNITED STATES Growth	-	17.36%
CANADA	331M	372.1M
CANADA Growth	-	12.42%
Other Country	193.2M	149.6M
Other Country Growth	-	-22.57%

Frequently Asked Questions

Growth & Financials

Dayforce Inc (DAY) reported $1.89B in revenue for fiscal year 2024. This represents a 173% increase from $693.9M in 2015.

Dayforce Inc (DAY) grew revenue by 16.3% over the past year. This is strong growth.

Dayforce Inc (DAY) reported a net loss of $149.8M for fiscal year 2024.

Dividend & Returns

Dayforce Inc (DAY) has a return on equity (ROE) of 0.7%. This is below average, suggesting room for improvement.

Dayforce Inc (DAY) generated $165.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.