Comparing current and prior data points is a key component of measuring performance, but which prior period is used for the comparison makes all the difference.
The primary ways to compare financial performance and operating metrics are on a year-over-year (y/y) or sequential basis.
Year-over-year compsYear-over-year comps measure performance from the same periods in two different years (i.e., January of one year compared to January of another, two different first quarters or the full years...
https://www.freightwaves.com/news/choosing-between-year-over-year-and-sequential-comps