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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) 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 $164.3M, roughly 1.1× AMERICAN STATES WATER CO). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs 3.6%, a 13.9% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -7.9%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
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.
AWR vs DFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $172.5M |
| Net Profit | $28.7M | $6.2M |
| Gross Margin | 88.9% | — |
| Operating Margin | 27.4% | 8.3% |
| Net Margin | 17.5% | 3.6% |
| Revenue YoY | 14.8% | 10.4% |
| Net Profit YoY | 1.1% | -1.6% |
| EPS (diluted) | $0.74 | $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 | $164.3M | $172.5M | ||
| Q3 25 | $182.7M | $175.3M | ||
| Q2 25 | $163.1M | $218.1M | ||
| Q1 25 | $148.0M | $201.1M | ||
| Q4 24 | $143.1M | $156.3M | ||
| Q3 24 | $161.8M | $179.5M | ||
| Q2 24 | $155.3M | $242.7M | ||
| Q1 24 | $135.3M | $203.4M |
| Q4 25 | $28.7M | $6.2M | ||
| Q3 25 | $41.2M | $-40.9M | ||
| Q2 25 | $33.7M | $36.1M | ||
| Q1 25 | $26.8M | $31.0M | ||
| Q4 24 | $28.4M | $6.3M | ||
| Q3 24 | $35.8M | $8.7M | ||
| Q2 24 | $31.9M | $44.1M | ||
| Q1 24 | $23.1M | $33.3M |
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | — | ||
| Q2 24 | 89.6% | — | ||
| Q1 24 | 88.4% | — |
| Q4 25 | 27.4% | 8.3% | ||
| Q3 25 | 33.8% | 16.1% | ||
| Q2 25 | 31.3% | 24.2% | ||
| Q1 25 | 30.8% | 22.8% | ||
| Q4 24 | 27.0% | 6.0% | ||
| Q3 24 | 34.0% | 10.1% | ||
| Q2 24 | 33.3% | 26.6% | ||
| Q1 24 | 28.8% | 21.9% |
| Q4 25 | 17.5% | 3.6% | ||
| Q3 25 | 22.5% | -23.3% | ||
| Q2 25 | 20.7% | 16.6% | ||
| Q1 25 | 18.1% | 15.4% | ||
| Q4 24 | 19.9% | 4.0% | ||
| Q3 24 | 22.1% | 4.8% | ||
| Q2 24 | 20.5% | 18.2% | ||
| Q1 24 | 17.1% | 16.4% |
| Q4 25 | $0.74 | $0.31 | ||
| Q3 25 | $1.06 | $-1.49 | ||
| Q2 25 | $0.87 | $1.28 | ||
| Q1 25 | $0.70 | $1.05 | ||
| Q4 24 | $0.75 | $0.21 | ||
| Q3 24 | $0.95 | $0.29 | ||
| Q2 24 | $0.85 | $1.47 | ||
| Q1 24 | $0.62 | $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 | $18.8M | $24.5M |
| Total DebtLower is stronger | $782.7M | $171.3M |
| Stockholders' EquityBook value | $1.0B | $379.2M |
| Total Assets | $2.7B | $800.4M |
| Debt / EquityLower = less leverage | 0.75× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $24.5M | ||
| Q3 25 | $26.1M | $22.7M | ||
| Q2 25 | $20.2M | $33.8M | ||
| Q1 25 | $21.2M | $16.2M | ||
| Q4 24 | $26.7M | $57.3M | ||
| Q3 24 | $16.5M | $33.6M | ||
| Q2 24 | $3.6M | $35.0M | ||
| Q1 24 | $17.0M | $43.7M |
| Q4 25 | $782.7M | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | $640.4M | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.0B | $379.2M | ||
| Q3 25 | $1.0B | $423.1M | ||
| Q2 25 | $972.5M | $432.1M | ||
| Q1 25 | $956.4M | $419.9M | ||
| Q4 24 | $920.1M | $436.1M | ||
| Q3 24 | $879.5M | $444.5M | ||
| Q2 24 | $833.5M | $441.5M | ||
| Q1 24 | $800.5M | $408.9M |
| Q4 25 | $2.7B | $800.4M | ||
| Q3 25 | $2.7B | $816.3M | ||
| Q2 25 | $2.6B | $874.7M | ||
| Q1 25 | $2.5B | $852.8M | ||
| Q4 24 | $2.5B | $841.6M | ||
| Q3 24 | $2.4B | $843.6M | ||
| Q2 24 | $2.3B | $882.9M | ||
| Q1 24 | $2.3B | $867.8M |
| Q4 25 | 0.75× | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | 0.70× | 0.29× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $27.7M | $59.8M |
| Free Cash FlowOCF − Capex | $-36.0M | $47.9M |
| FCF MarginFCF / Revenue | -21.9% | 27.8% |
| Capex IntensityCapex / Revenue | 38.8% | 6.9% |
| Cash ConversionOCF / Net Profit | 0.96× | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $59.8M | ||
| Q3 25 | $92.4M | $74.4M | ||
| Q2 25 | $64.6M | $68.4M | ||
| Q1 25 | $45.1M | $-37.7M | ||
| Q4 24 | $64.5M | $56.4M | ||
| Q3 24 | $63.7M | $86.4M | ||
| Q2 24 | $24.7M | $56.2M | ||
| Q1 24 | $45.8M | $-27.9M |
| Q4 25 | $-36.0M | $47.9M | ||
| Q3 25 | $37.7M | $59.2M | ||
| Q2 25 | $13.7M | $51.7M | ||
| Q1 25 | $-22.5M | $-51.0M | ||
| Q4 24 | $6.0M | $41.3M | ||
| Q3 24 | $-478.0K | $67.3M | ||
| Q2 24 | $-37.0M | $36.8M | ||
| Q1 24 | $-1.7M | $-40.2M |
| Q4 25 | -21.9% | 27.8% | ||
| Q3 25 | 20.7% | 33.8% | ||
| Q2 25 | 8.4% | 23.7% | ||
| Q1 25 | -15.2% | -25.4% | ||
| Q4 24 | 4.2% | 26.4% | ||
| Q3 24 | -0.3% | 37.5% | ||
| Q2 24 | -23.8% | 15.2% | ||
| Q1 24 | -1.3% | -19.8% |
| Q4 25 | 38.8% | 6.9% | ||
| Q3 25 | 29.9% | 8.7% | ||
| Q2 25 | 31.2% | 7.7% | ||
| Q1 25 | 45.6% | 6.6% | ||
| Q4 24 | 40.9% | 9.7% | ||
| Q3 24 | 39.7% | 10.6% | ||
| Q2 24 | 39.8% | 8.0% | ||
| Q1 24 | 35.2% | 6.0% |
| Q4 25 | 0.96× | 9.65× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | 1.89× | ||
| Q1 25 | 1.68× | -1.22× | ||
| Q4 24 | 2.27× | 8.95× | ||
| Q3 24 | 1.78× | 9.93× | ||
| Q2 24 | 0.78× | 1.27× | ||
| Q1 24 | 1.98× | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
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% |
