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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($207.7M vs $172.5M, roughly 1.2× Donnelley Financial Solutions, Inc.). On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -1.1%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (10.2% CAGR vs -7.9%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs DFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $172.5M |
| Net Profit | — | $6.2M |
| Gross Margin | 37.6% | — |
| Operating Margin | -1.9% | 8.3% |
| Net Margin | — | 3.6% |
| Revenue YoY | -1.1% | 10.4% |
| Net Profit YoY | — | -1.6% |
| EPS (diluted) | $-0.10 | $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 | $207.7M | $172.5M | ||
| Q3 25 | $191.9M | $175.3M | ||
| Q2 25 | $180.0M | $218.1M | ||
| Q1 25 | $174.2M | $201.1M | ||
| Q4 24 | $210.0M | $156.3M | ||
| Q3 24 | $193.9M | $179.5M | ||
| Q2 24 | $173.6M | $242.7M | ||
| Q1 24 | $171.0M | $203.4M |
| Q4 25 | — | $6.2M | ||
| Q3 25 | $-1.2M | $-40.9M | ||
| Q2 25 | $-4.9M | $36.1M | ||
| Q1 25 | $-3.7M | $31.0M | ||
| Q4 24 | — | $6.3M | ||
| Q3 24 | $413.0K | $8.7M | ||
| Q2 24 | $4.1M | $44.1M | ||
| Q1 24 | $-9.2M | $33.3M |
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.3% | — |
| Q4 25 | -1.9% | 8.3% | ||
| Q3 25 | -1.0% | 16.1% | ||
| Q2 25 | -2.1% | 24.2% | ||
| Q1 25 | -2.7% | 22.8% | ||
| Q4 24 | -1.3% | 6.0% | ||
| Q3 24 | -0.5% | 10.1% | ||
| Q2 24 | -3.5% | 26.6% | ||
| Q1 24 | -6.1% | 21.9% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | -0.6% | -23.3% | ||
| Q2 25 | -2.7% | 16.6% | ||
| Q1 25 | -2.1% | 15.4% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 0.2% | 4.8% | ||
| Q2 24 | 2.3% | 18.2% | ||
| Q1 24 | -5.4% | 16.4% |
| Q4 25 | $-0.10 | $0.31 | ||
| Q3 25 | $-0.04 | $-1.49 | ||
| Q2 25 | $-0.16 | $1.28 | ||
| Q1 25 | $-0.13 | $1.05 | ||
| Q4 24 | $0.27 | $0.21 | ||
| Q3 24 | $0.01 | $0.29 | ||
| Q2 24 | $-0.17 | $1.47 | ||
| Q1 24 | $-0.35 | $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 | $111.3M | $24.5M |
| Total DebtLower is stronger | — | $171.3M |
| Stockholders' EquityBook value | $400.0M | $379.2M |
| Total Assets | $1.1B | $800.4M |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $24.5M | ||
| Q3 25 | $80.4M | $22.7M | ||
| Q2 25 | $68.1M | $33.8M | ||
| Q1 25 | $41.7M | $16.2M | ||
| Q4 24 | $83.8M | $57.3M | ||
| Q3 24 | $79.9M | $33.6M | ||
| Q2 24 | $76.4M | $35.0M | ||
| Q1 24 | $147.2M | $43.7M |
| Q4 25 | — | $171.3M | ||
| Q3 25 | — | $154.7M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $189.5M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $400.0M | $379.2M | ||
| Q3 25 | $392.7M | $423.1M | ||
| Q2 25 | $384.5M | $432.1M | ||
| Q1 25 | $345.4M | $419.9M | ||
| Q4 24 | $312.5M | $436.1M | ||
| Q3 24 | $336.6M | $444.5M | ||
| Q2 24 | $307.4M | $441.5M | ||
| Q1 24 | $298.2M | $408.9M |
| Q4 25 | $1.1B | $800.4M | ||
| Q3 25 | $1.0B | $816.3M | ||
| Q2 25 | $1.0B | $874.7M | ||
| Q1 25 | $964.4M | $852.8M | ||
| Q4 24 | $989.2M | $841.6M | ||
| Q3 24 | $1.0B | $843.6M | ||
| Q2 24 | $1.0B | $882.9M | ||
| Q1 24 | $1.1B | $867.8M |
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.37× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 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 | $38.6M | $59.8M |
| Free Cash FlowOCF − Capex | — | $47.9M |
| FCF MarginFCF / Revenue | — | 27.8% |
| Capex IntensityCapex / Revenue | — | 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 | $38.6M | $59.8M | ||
| Q3 25 | $22.2M | $74.4M | ||
| Q2 25 | $31.7M | $68.4M | ||
| Q1 25 | $-3.1M | $-37.7M | ||
| Q4 24 | $36.5M | $56.4M | ||
| Q3 24 | $20.5M | $86.4M | ||
| Q2 24 | $24.4M | $56.2M | ||
| Q1 24 | $2.5M | $-27.9M |
| Q4 25 | — | $47.9M | ||
| Q3 25 | — | $59.2M | ||
| Q2 25 | — | $51.7M | ||
| Q1 25 | — | $-51.0M | ||
| Q4 24 | — | $41.3M | ||
| Q3 24 | — | $67.3M | ||
| Q2 24 | — | $36.8M | ||
| Q1 24 | — | $-40.2M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 33.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | -25.4% | ||
| Q4 24 | — | 26.4% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 15.2% | ||
| Q1 24 | — | -19.8% |
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | — | 9.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | 49.55× | 9.93× | ||
| Q2 24 | 6.03× | 1.27× | ||
| Q1 24 | — | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
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% |
