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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $172.5M, roughly 1.8× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -25.2%, a 28.8% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $41.7M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs -7.9%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
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.
CFLT vs DFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $172.5M |
| Net Profit | $-79.2M | $6.2M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | 8.3% |
| Net Margin | -25.2% | 3.6% |
| Revenue YoY | 20.5% | 10.4% |
| Net Profit YoY | 10.0% | -1.6% |
| EPS (diluted) | $-0.23 | $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 | $314.8M | $172.5M | ||
| Q3 25 | $298.5M | $175.3M | ||
| Q2 25 | $282.3M | $218.1M | ||
| Q1 25 | $271.1M | $201.1M | ||
| Q4 24 | $261.2M | $156.3M | ||
| Q3 24 | $250.2M | $179.5M | ||
| Q2 24 | $235.0M | $242.7M | ||
| Q1 24 | $217.2M | $203.4M |
| Q4 25 | $-79.2M | $6.2M | ||
| Q3 25 | $-66.5M | $-40.9M | ||
| Q2 25 | $-82.0M | $36.1M | ||
| Q1 25 | $-67.6M | $31.0M | ||
| Q4 24 | $-88.1M | $6.3M | ||
| Q3 24 | $-74.1M | $8.7M | ||
| Q2 24 | $-89.9M | $44.1M | ||
| Q1 24 | $-93.0M | $33.3M |
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 71.8% | — |
| Q4 25 | -31.5% | 8.3% | ||
| Q3 25 | -27.9% | 16.1% | ||
| Q2 25 | -34.2% | 24.2% | ||
| Q1 25 | -37.3% | 22.8% | ||
| Q4 24 | -40.5% | 6.0% | ||
| Q3 24 | -37.4% | 10.1% | ||
| Q2 24 | -46.1% | 26.6% | ||
| Q1 24 | -51.3% | 21.9% |
| Q4 25 | -25.2% | 3.6% | ||
| Q3 25 | -22.3% | -23.3% | ||
| Q2 25 | -29.0% | 16.6% | ||
| Q1 25 | -24.9% | 15.4% | ||
| Q4 24 | -33.7% | 4.0% | ||
| Q3 24 | -29.6% | 4.8% | ||
| Q2 24 | -38.3% | 18.2% | ||
| Q1 24 | -42.8% | 16.4% |
| Q4 25 | $-0.23 | $0.31 | ||
| Q3 25 | $-0.19 | $-1.49 | ||
| Q2 25 | $-0.24 | $1.28 | ||
| Q1 25 | $-0.20 | $1.05 | ||
| Q4 24 | $-0.26 | $0.21 | ||
| Q3 24 | $-0.23 | $0.29 | ||
| Q2 24 | $-0.28 | $1.47 | ||
| Q1 24 | $-0.30 | $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 | $347.2M | $24.5M |
| Total DebtLower is stronger | $1.1B | $171.3M |
| Stockholders' EquityBook value | $1.2B | $379.2M |
| Total Assets | $3.0B | $800.4M |
| Debt / EquityLower = less leverage | 0.94× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $24.5M | ||
| Q3 25 | $298.5M | $22.7M | ||
| Q2 25 | $295.6M | $33.8M | ||
| Q1 25 | $278.6M | $16.2M | ||
| Q4 24 | $386.0M | $57.3M | ||
| Q3 24 | $322.6M | $33.6M | ||
| Q2 24 | $311.3M | $35.0M | ||
| Q1 24 | $336.4M | $43.7M |
| Q4 25 | $1.1B | $171.3M | ||
| Q3 25 | $1.1B | $154.7M | ||
| Q2 25 | $1.1B | $190.1M | ||
| Q1 25 | $1.1B | $189.5M | ||
| Q4 24 | $1.1B | $124.7M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $379.2M | ||
| Q3 25 | $1.1B | $423.1M | ||
| Q2 25 | $1.1B | $432.1M | ||
| Q1 25 | $1.0B | $419.9M | ||
| Q4 24 | $961.2M | $436.1M | ||
| Q3 24 | $934.3M | $444.5M | ||
| Q2 24 | $873.9M | $441.5M | ||
| Q1 24 | $845.2M | $408.9M |
| Q4 25 | $3.0B | $800.4M | ||
| Q3 25 | $2.9B | $816.3M | ||
| Q2 25 | $2.8B | $874.7M | ||
| Q1 25 | $2.7B | $852.8M | ||
| Q4 24 | $2.7B | $841.6M | ||
| Q3 24 | $2.6B | $843.6M | ||
| Q2 24 | $2.5B | $882.9M | ||
| Q1 24 | $2.4B | $867.8M |
| Q4 25 | 0.94× | 0.45× | ||
| Q3 25 | 0.98× | 0.37× | ||
| Q2 25 | 1.03× | 0.44× | ||
| Q1 25 | 1.07× | 0.45× | ||
| Q4 24 | 1.14× | 0.29× | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $59.8M |
| Free Cash FlowOCF − Capex | $41.7M | $47.9M |
| FCF MarginFCF / Revenue | 13.2% | 27.8% |
| Capex IntensityCapex / Revenue | 0.1% | 6.9% |
| Cash ConversionOCF / Net Profit | — | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $59.8M | ||
| Q3 25 | $30.8M | $74.4M | ||
| Q2 25 | $18.1M | $68.4M | ||
| Q1 25 | $-26.8M | $-37.7M | ||
| Q4 24 | $35.2M | $56.4M | ||
| Q3 24 | $15.6M | $86.4M | ||
| Q2 24 | $8.6M | $56.2M | ||
| Q1 24 | $-26.0M | $-27.9M |
| Q4 25 | $41.7M | $47.9M | ||
| Q3 25 | $30.0M | $59.2M | ||
| Q2 25 | $17.2M | $51.7M | ||
| Q1 25 | $-28.2M | $-51.0M | ||
| Q4 24 | $34.5M | $41.3M | ||
| Q3 24 | $15.0M | $67.3M | ||
| Q2 24 | $7.5M | $36.8M | ||
| Q1 24 | $-26.1M | $-40.2M |
| Q4 25 | 13.2% | 27.8% | ||
| Q3 25 | 10.0% | 33.8% | ||
| Q2 25 | 6.1% | 23.7% | ||
| Q1 25 | -10.4% | -25.4% | ||
| Q4 24 | 13.2% | 26.4% | ||
| Q3 24 | 6.0% | 37.5% | ||
| Q2 24 | 3.2% | 15.2% | ||
| Q1 24 | -12.0% | -19.8% |
| Q4 25 | 0.1% | 6.9% | ||
| Q3 25 | 0.3% | 8.7% | ||
| Q2 25 | 0.3% | 7.7% | ||
| Q1 25 | 0.5% | 6.6% | ||
| Q4 24 | 0.3% | 9.7% | ||
| Q3 24 | 0.2% | 10.6% | ||
| Q2 24 | 0.5% | 8.0% | ||
| Q1 24 | 0.1% | 6.0% |
| Q4 25 | — | 9.65× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | — | -1.22× | ||
| Q4 24 | — | 8.95× | ||
| Q3 24 | — | 9.93× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | -0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 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% |
