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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) 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 $127.0M, roughly 1.4× BRANDYWINE REALTY TRUST). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -38.4%, a 42.0% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 4.5%). Over the past eight quarters, BRANDYWINE REALTY TRUST's revenue compounded faster (0.7% CAGR vs -7.9%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs DFIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $172.5M |
| Net Profit | $-48.8M | $6.2M |
| Gross Margin | — | — |
| Operating Margin | 1.2% | 8.3% |
| Net Margin | -38.4% | 3.6% |
| Revenue YoY | 4.5% | 10.4% |
| Net Profit YoY | -80.4% | -1.6% |
| EPS (diluted) | $-0.28 | $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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $172.5M | ||
| Q3 25 | $121.4M | $175.3M | ||
| Q2 25 | $120.6M | $218.1M | ||
| Q1 25 | $121.5M | $201.1M | ||
| Q4 24 | $121.9M | $156.3M | ||
| Q3 24 | $131.8M | $179.5M | ||
| Q2 24 | $125.3M | $242.7M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $6.2M | ||
| Q3 25 | $-25.9M | $-40.9M | ||
| Q2 25 | $-88.7M | $36.1M | ||
| Q1 25 | $-27.0M | $31.0M | ||
| Q4 24 | $-44.5M | $6.3M | ||
| Q3 24 | $-165.2M | $8.7M | ||
| Q2 24 | $30.2M | $44.1M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 60.8% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 63.1% | — |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | 8.3% | ||
| Q3 25 | 20.8% | 16.1% | ||
| Q2 25 | -34.3% | 24.2% | ||
| Q1 25 | 12.5% | 22.8% | ||
| Q4 24 | 18.0% | 6.0% | ||
| Q3 24 | -7.2% | 10.1% | ||
| Q2 24 | 15.5% | 26.6% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | 3.6% | ||
| Q3 25 | -21.3% | -23.3% | ||
| Q2 25 | -73.5% | 16.6% | ||
| Q1 25 | -22.2% | 15.4% | ||
| Q4 24 | -36.5% | 4.0% | ||
| Q3 24 | -125.4% | 4.8% | ||
| Q2 24 | 24.1% | 18.2% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.31 | ||
| Q3 25 | $-0.15 | $-1.49 | ||
| Q2 25 | $-0.51 | $1.28 | ||
| Q1 25 | $-0.16 | $1.05 | ||
| Q4 24 | $-0.25 | $0.21 | ||
| Q3 24 | $-0.96 | $0.29 | ||
| Q2 24 | $0.17 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $24.5M |
| Total DebtLower is stronger | — | $171.3M |
| Stockholders' EquityBook value | — | $379.2M |
| Total Assets | $3.6B | $800.4M |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $24.5M | ||
| Q3 25 | $75.5M | $22.7M | ||
| Q2 25 | $122.6M | $33.8M | ||
| Q1 25 | $29.4M | $16.2M | ||
| Q4 24 | $90.2M | $57.3M | ||
| Q3 24 | $36.5M | $33.6M | ||
| Q2 24 | $30.4M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $171.3M | ||
| Q3 25 | $2.3B | $154.7M | ||
| Q2 25 | $2.3B | $190.1M | ||
| Q1 25 | $2.2B | $189.5M | ||
| Q4 24 | $2.2B | $124.7M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $379.2M | ||
| Q3 25 | $841.5M | $423.1M | ||
| Q2 25 | $879.8M | $432.1M | ||
| Q1 25 | $993.6M | $419.9M | ||
| Q4 24 | $1.0B | $436.1M | ||
| Q3 24 | $1.1B | $444.5M | ||
| Q2 24 | $1.3B | $441.5M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $800.4M | ||
| Q3 25 | $3.3B | $816.3M | ||
| Q2 25 | $3.4B | $874.7M | ||
| Q1 25 | $3.4B | $852.8M | ||
| Q4 24 | $3.5B | $841.6M | ||
| Q3 24 | $3.6B | $843.6M | ||
| Q2 24 | $3.8B | $882.9M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 0.45× | ||
| Q3 25 | 2.70× | 0.37× | ||
| Q2 25 | 2.63× | 0.44× | ||
| Q1 25 | 2.23× | 0.45× | ||
| Q4 24 | 2.13× | 0.29× | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $59.8M | ||
| Q3 25 | $47.5M | $74.4M | ||
| Q2 25 | $34.4M | $68.4M | ||
| Q1 25 | $6.3M | $-37.7M | ||
| Q4 24 | $181.1M | $56.4M | ||
| Q3 24 | $52.2M | $86.4M | ||
| Q2 24 | $48.2M | $56.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 9.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | — | 9.93× | ||
| Q2 24 | 1.60× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
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% |
