Dayforce

Industrials Human Resource & Employment Services Minneapolis, Minnesota Last filing Feb 28, 2025 · FY2024

                    Revenue
                    FY2024
                
$1.8B
                    3y CAGR +19.8%
                    
                    P93
                    
                    +16.3%
                    
                    Net income
                    FY2024
                
$18.1M
                    Net margin +1.0%
                    
                    P3
                    
                    -67.0%
                    
                    Total assets
                    FY2024
                
$9.1B
                    ROA +0.2%
                    
                    P3
                    
                    +1.2%
                    
                    Operating cash flow
                    FY2024
                
$281.1M
                    FCF margin +15.2%
                    
                    P70
                    
                    +28.1%

9 yrs · FY2016–FY2024 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $9.1B

Total liabilities $6.6B

Shareholders equity $2.5B

Account	2024	2023	2022
Assets
Cash and Cash Equivalents	32.9%	37.7%	34.7%
Accounts Receivable	15.0%	15.1%	14.5%
Prepaid Expenses	7.8%	8.4%	7.9%
Other Current Assets	284.2%	332.3%	335.7%
Total Current Assets	340.0%	393.4%	392.7%
Property,Plant and Equipment	12.7%	13.9%	14.0%
Operating Lease Assets	0.7%	1.3%	1.9%
Goodwill	132.8%	151.5%	183.0%
Intangible Assets	10.8%	15.2%	22.6%
Other Noncurrent Assets	21.1%	20.0%	21.1%
Total Assets	518.0%	595.3%	635.3%
Liabilities
Accounts Payable	4.4%	4.4%	4.4%
Accrued Liabilities	9.0%	8.1%	9.7%
Deferred Revenue	2.4%	2.7%	3.3%
Current Portion of Long Term Debt	0.4%	0.5%	0.6%
Operating Lease Liabilities	0.3%	0.5%	0.8%
Other Current Liabilities	285.5%	336.3%	345.0%
Total Current Liabilities	302.0%	352.4%	363.8%
Long Term Debt	68.7%	79.9%	97.4%
Operating Lease Liabilities Noncurrent	0.6%	1.2%	1.9%
Other Noncurrent Liabilities	2.0%	3.2%	3.0%
Total Liabilities	373.3%	436.9%	466.0%
Equity
Common Stock	0.1%	0.1%	0.1%
Additional Paid In Capital	191.1%	208.2%	238.0%
Retained Earnings	-19.1%	-21.0%	-29.9%
Accumulated Other Comprehensive Income	-27.4%	-28.8%	-38.9%
Total Stockholders Equity	144.7%	158.4%	169.3%
Total Liabilitiesand Equity	518.0%	595.3%	635.3%

Income Statement

Revenue, expense, and profitability

13 accounts · 3 years

Revenue $1.8B

Operating income $104.1M

Net income $18.1M

Account	2024	2023	2022
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	53.9%	57.3%	62.0%
Other Income Expense Gross Profit	46.1%	42.7%	38.0%
Expenses Selling,General and Administrative	40.2%	33.9%	40.0%
Other Income Expense Operating Income	5.9%	8.8%	-2.1%
Other Income Expense Interest Expense	2.3%	2.4%	2.3%
Other Income Expense Other Income/expense	-1.5%	-0.1%	-0.7%
Other Income Expense Income Before Tax	2.1%	6.3%	-5.0%
Income Tax Income Tax Expense	1.1%	2.7%	0.8%
net Income net Income	1.0%	3.6%	-5.9%
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Diluted	9.1%	10.5%	12.3%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 3 years

Operating cash flow $281.1M

Investing cash flow $-471.9M

Financing cash flow $59.6M

Account	2024	2023	2022
CashFlow
Operating Activities net Income	1.0%	3.6%	-5.9%
Operating Activities Depreciation and Amortization	11.9%	8.8%	7.1%
Operating Activities Stock Based Compensation	8.8%	9.0%	11.6%
Operating Activities Deferred Income Taxes	-1.9%	0.3%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	-4.8%	-8.2%	-3.4%
Operating Activities Other Non Cash Items	1.0%	1.1%	1.3%
Operating Activities net Cash From Operating Activities	16.0%	14.5%	10.6%
Investing Activities Capital Expenditures	-0.8%	-1.3%	-1.6%
Investing Activities Business Acquisitions	-9.8%	—	—
Investing Activities Purchases of Investments	-31.7%	-35.3%	-52.4%
Investing Activities Proceeds From Sale of Investments	20.9%	29.6%	32.5%
Investing Activities Other Investing Activities	-5.4%	-6.4%	-6.0%
Investing Activities net Cash From Investing Activities	-26.8%	-13.4%	-27.5%
Financing Activities Proceeds From Debt	36.9%	—	—
Financing Activities Repayment of Debt	-36.8%	-0.5%	-0.7%
Financing Activities Repurchase of Common Stock	-2.1%	—	—
Financing Activities Proceeds From Stock Issuance	3.2%	3.2%	3.1%
Financing Activities Other Financing Activities	2.1%	13.3%	58.9%
Financing Activities net Cash From Financing Activities	3.4%	16.0%	61.4%
Cash Reconciliation Effect of Exchange Rate On Cash	-2.1%	0.8%	-3.8%
Cash Reconciliation net Change In Cash	-9.5%	17.9%	40.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2024	2023	2022
Profitability
Gross margin	+46.1%	+42.7%	+38.0%
Operating margin	+5.9%	+8.8%	-2.1%
Net margin	+1.0%	+3.6%	-5.9%
FCF margin	+15.2%	+13.2%	+9.0%
Growth
Revenue CAGR (3y)	+19.8%	+21.6%	+14.8%
Returns
ROE	+0.7%	+2.3%	-3.5%
ROA	+0.2%	+0.6%	-0.9%
ROIC	+1.6%	+2.5%	-0.9%
Liquidity
Current ratio	1.13x	1.12x	1.08x
Quick ratio	0.16x	0.15x	0.13x
Leverage
D/E	2.58x	2.76x	2.75x
Interest coverage	2.56x	3.69x	-0.90x
Efficiency
Asset turnover	0.19x	0.17x	0.16x
Cash conversion cycle	—	—	—

Valuation

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FY2024 fundamentals · no price

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Dayforce

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