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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
Donnelley Financial Solutions, Inc. is the larger business by last-quarter revenue ($172.5M vs $107.5M, roughly 1.6× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 6.1%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -7.9%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
AGM vs DFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $172.5M |
| Net Profit | — | $6.2M |
| Gross Margin | — | — |
| Operating Margin | 56.3% | 8.3% |
| Net Margin | — | 3.6% |
| Revenue YoY | 6.1% | 10.4% |
| Net Profit YoY | — | -1.6% |
| EPS (diluted) | $3.69 | $0.31 |
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 | $107.5M | $172.5M | ||
| Q3 25 | $104.0M | $175.3M | ||
| Q2 25 | $102.6M | $218.1M | ||
| Q1 25 | $94.3M | $201.1M | ||
| Q4 24 | $101.3M | $156.3M | ||
| Q3 24 | $90.3M | $179.5M | ||
| Q2 24 | $89.9M | $242.7M | ||
| Q1 24 | $93.7M | $203.4M |
| Q4 25 | — | $6.2M | ||
| Q3 25 | $55.0M | $-40.9M | ||
| Q2 25 | $54.8M | $36.1M | ||
| Q1 25 | $49.7M | $31.0M | ||
| Q4 24 | $56.5M | $6.3M | ||
| Q3 24 | $49.8M | $8.7M | ||
| Q2 24 | $47.1M | $44.1M | ||
| Q1 24 | $53.7M | $33.3M |
| Q4 25 | 56.3% | 8.3% | ||
| Q3 25 | 64.1% | 16.1% | ||
| Q2 25 | 63.8% | 24.2% | ||
| Q1 25 | 66.9% | 22.8% | ||
| Q4 24 | 67.5% | 6.0% | ||
| Q3 24 | 69.0% | 10.1% | ||
| Q2 24 | 65.9% | 26.6% | ||
| Q1 24 | 72.8% | 21.9% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | 52.9% | -23.3% | ||
| Q2 25 | 53.4% | 16.6% | ||
| Q1 25 | 52.6% | 15.4% | ||
| Q4 24 | 55.8% | 4.0% | ||
| Q3 24 | 55.2% | 4.8% | ||
| Q2 24 | 52.4% | 18.2% | ||
| Q1 24 | 57.4% | 16.4% |
| Q4 25 | $3.69 | $0.31 | ||
| Q3 25 | $4.44 | $-1.49 | ||
| Q2 25 | $4.48 | $1.28 | ||
| Q1 25 | $4.01 | $1.05 | ||
| Q4 24 | $4.62 | $0.21 | ||
| Q3 24 | $3.86 | $0.29 | ||
| Q2 24 | $3.68 | $1.47 | ||
| Q1 24 | $4.28 | $1.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.5M |
| Total DebtLower is stronger | $30.8B | $171.3M |
| Stockholders' EquityBook value | $1.7B | $379.2M |
| Total Assets | $35.4B | $800.4M |
| Debt / EquityLower = less leverage | 17.93× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.5M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $33.8M | ||
| Q1 25 | — | $16.2M | ||
| Q4 24 | — | $57.3M | ||
| Q3 24 | $842.1M | $33.6M | ||
| Q2 24 | $923.0M | $35.0M | ||
| Q1 24 | $745.1M | $43.7M |
| Q4 25 | $30.8B | $171.3M | ||
| Q3 25 | $29.2B | $154.7M | ||
| Q2 25 | $28.9B | $190.1M | ||
| Q1 25 | $28.0B | $189.5M | ||
| Q4 24 | $27.5B | $124.7M | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.8B | — | ||
| Q1 24 | $26.8B | — |
| Q4 25 | $1.7B | $379.2M | ||
| Q3 25 | $1.7B | $423.1M | ||
| Q2 25 | $1.5B | $432.1M | ||
| Q1 25 | $1.5B | $419.9M | ||
| Q4 24 | $1.5B | $436.1M | ||
| Q3 24 | $1.5B | $444.5M | ||
| Q2 24 | $1.5B | $441.5M | ||
| Q1 24 | $1.5B | $408.9M |
| Q4 25 | $35.4B | $800.4M | ||
| Q3 25 | $33.4B | $816.3M | ||
| Q2 25 | $33.0B | $874.7M | ||
| Q1 25 | $31.8B | $852.8M | ||
| Q4 24 | $31.3B | $841.6M | ||
| Q3 24 | $30.6B | $843.6M | ||
| Q2 24 | $30.2B | $882.9M | ||
| Q1 24 | $29.8B | $867.8M |
| Q4 25 | 17.93× | 0.45× | ||
| Q3 25 | 17.31× | 0.37× | ||
| Q2 25 | 18.70× | 0.44× | ||
| Q1 25 | 18.39× | 0.45× | ||
| Q4 24 | 18.48× | 0.29× | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
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 | $80.1M | $59.8M |
| Free Cash FlowOCF − Capex | — | $47.9M |
| FCF MarginFCF / Revenue | — | 27.8% |
| Capex IntensityCapex / Revenue | 0.0% | 6.9% |
| Cash ConversionOCF / Net Profit | — | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $59.8M | ||
| Q3 25 | $74.2M | $74.4M | ||
| Q2 25 | $-47.7M | $68.4M | ||
| Q1 25 | $-49.8M | $-37.7M | ||
| Q4 24 | $612.6M | $56.4M | ||
| Q3 24 | $-44.4M | $86.4M | ||
| Q2 24 | $56.1M | $56.2M | ||
| Q1 24 | $233.3M | $-27.9M |
| Q4 25 | — | $47.9M | ||
| Q3 25 | — | $59.2M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $-51.0M | ||
| Q4 24 | $607.4M | $41.3M | ||
| Q3 24 | $-44.4M | $67.3M | ||
| Q2 24 | $52.6M | $36.8M | ||
| Q1 24 | $231.7M | $-40.2M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | -25.4% | ||
| Q4 24 | 599.8% | 26.4% | ||
| Q3 24 | -49.2% | 37.5% | ||
| Q2 24 | 58.5% | 15.2% | ||
| Q1 24 | 247.3% | -19.8% |
| Q4 25 | 0.0% | 6.9% | ||
| Q3 25 | 0.0% | 8.7% | ||
| Q2 25 | 0.0% | 7.7% | ||
| Q1 25 | 0.0% | 6.6% | ||
| Q4 24 | 5.2% | 9.7% | ||
| Q3 24 | 0.1% | 10.6% | ||
| Q2 24 | 4.0% | 8.0% | ||
| Q1 24 | 1.7% | 6.0% |
| Q4 25 | — | 9.65× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | 1.89× | ||
| Q1 25 | -1.00× | -1.22× | ||
| Q4 24 | 10.84× | 8.95× | ||
| Q3 24 | -0.89× | 9.93× | ||
| Q2 24 | 1.19× | 1.27× | ||
| Q1 24 | 4.34× | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
