Donnelley Financial Solutions IncDonnelley Financial Solutions Inc
Donnelley Financial Solutions Inc

Donnelley Financial Solutions Inc

DFIN
Financials·Capital Markets

Donnelley Financial Solutions, Inc. engages in the provision of software and technology-enabled financial regulatory and compliance solutions. It operates through the following segments: Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS), and Investment Companies-Compliance and Communications Management (IC-CCM). The CM-SS segment provides Venue and ActiveDisclosure to public and private companies to help manage public and private transactional and compliance processes, collaborate, tag, validate, and file Securities and Exchange Commission (SEC) documents. The CM-CCM segment offers tech-enabled services and print and distribution solutions to public and private companies for deal solutions and SEC compliance requirements. The IC-SS segment focuses on clients with the Arc Suite platform that contains a suite of cloud-based solutions including ArcDigital, ArcReporting, ArcPro, and ArcRegulatory, and services that enable storage and management of compliance and regulatory information. The IC-CCM segment is involved in turnkey proxy services including discovery, planning and implementation, print and mail management, solicitation, tabulation services, stockholder meeting review, and expert support. The company was founded on February 22, 2016 and is headquartered in Lancaster, PA.

Illinois; U.S.A
Market cap
No dataNo data
Revenue
$767M−1.9% YoY
Net income
$32.4M−64.9% YoY
Free cash flow
$107.8M+2.5% YoY

Market

Listed stock
DFINPriceNYSE
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Financial performance

Revenue
$767M−1.9% YoY
Operating income
$141.1M+3.3% YoY
Net income
$32.4M−64.9% YoY
Free cash flow
$107.8M+2.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $993.3M, 2022 $833.6M, 2023 $797.2M, 2024 $781.9M, 2025 $767M. Operating income: 2021 $219.3M, 2022 $145M, 2023 $110M, 2024 $136.6M, 2025 $141.1M. Net income: 2021 $145.9M, 2022 $102.5M, 2023 $82.2M, 2024 $92.4M, 2025 $32.4M. Free cash flow: 2021 $137.7M, 2022 $96M, 2023 $62.2M, 2024 $105.2M, 2025 $107.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-1.9%+1 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $219.3M, 2022-12-31 $145M, 2023-12-31 $110M, 2024-12-31 $136.6M, 2025-12-31 $141.1M. Net income: 2021-12-31 $145.9M, 2022-12-31 $102.5M, 2023-12-31 $82.2M, 2024-12-31 $92.4M, 2025-12-31 $32.4M. Free cash flow: 2021-12-31 $137.7M, 2022-12-31 $96M, 2023-12-31 $62.2M, 2024-12-31 $105.2M, 2025-12-31 $107.8M

Growth heatmap

2022202320242025CAGR
Revenue
-16.1%
-4.4%
-1.9%
-1.9%
-6.3%
Gross profit
+9.3%
+8.8%
+9.3%
+6.8%
No data
Operating income
-33.9%
-24.1%
+24.2%
+3.3%
-10.4%
Free cash flow
-30.3%
-35.2%
+69.1%
+2.5%
-5.9%

Earnings quality

Operating cash flow
$164.9M−3.6% YoY
Net income
$32.4M−64.9% YoY
Free cash flow
$107.8M+2.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 509%, 2024-12-31 185%, 2023-12-31 151%, 2022-12-31 147%, 2021-12-31 123%. Free cash flow: 2025-12-31 333%, 2024-12-31 114%, 2023-12-31 76%, 2022-12-31 94%, 2021-12-31 94%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
No data
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Free cash flow yield
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