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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and DONEGAL GROUP INC (DGICA). Click either name above to swap in a different company.

DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $172.5M, roughly 1.4× Donnelley Financial Solutions, Inc.). DONEGAL GROUP INC runs the higher net margin — 4.9% vs 3.6%, a 1.3% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -3.7%). Over the past eight quarters, DONEGAL GROUP INC's revenue compounded faster (-2.2% CAGR vs -7.9%).

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.

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

DFIN vs DGICA — Head-to-Head

Bigger by revenue
DGICA
DGICA
1.4× larger
DGICA
$236.0M
$172.5M
DFIN
Growing faster (revenue YoY)
DFIN
DFIN
+14.1% gap
DFIN
10.4%
-3.7%
DGICA
Higher net margin
DGICA
DGICA
1.3% more per $
DGICA
4.9%
3.6%
DFIN
Faster 2-yr revenue CAGR
DGICA
DGICA
Annualised
DGICA
-2.2%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DFIN
DFIN
DGICA
DGICA
Revenue
$172.5M
$236.0M
Net Profit
$6.2M
$11.5M
Gross Margin
Operating Margin
8.3%
Net Margin
3.6%
4.9%
Revenue YoY
10.4%
-3.7%
Net Profit YoY
-1.6%
-54.3%
EPS (diluted)
$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.

Revenue
DFIN
DFIN
DGICA
DGICA
Q1 26
$236.0M
Q4 25
$172.5M
$239.8M
Q3 25
$175.3M
$245.9M
Q2 25
$218.1M
$247.1M
Q1 25
$201.1M
$245.2M
Q4 24
$156.3M
$250.0M
Q3 24
$179.5M
$251.7M
Q2 24
$242.7M
$246.8M
Net Profit
DFIN
DFIN
DGICA
DGICA
Q1 26
$11.5M
Q4 25
$6.2M
$17.2M
Q3 25
$-40.9M
$20.1M
Q2 25
$36.1M
$16.9M
Q1 25
$31.0M
$25.2M
Q4 24
$6.3M
$24.0M
Q3 24
$8.7M
$16.8M
Q2 24
$44.1M
$4.2M
Operating Margin
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
8.3%
8.7%
Q3 25
16.1%
10.2%
Q2 25
24.2%
8.3%
Q1 25
22.8%
12.7%
Q4 24
6.0%
11.9%
Q3 24
10.1%
8.1%
Q2 24
26.6%
2.0%
Net Margin
DFIN
DFIN
DGICA
DGICA
Q1 26
4.9%
Q4 25
3.6%
7.2%
Q3 25
-23.3%
8.2%
Q2 25
16.6%
6.8%
Q1 25
15.4%
10.3%
Q4 24
4.0%
9.6%
Q3 24
4.8%
6.7%
Q2 24
18.2%
1.7%
EPS (diluted)
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
$0.31
Q3 25
$-1.49
Q2 25
$1.28
Q1 25
$1.05
Q4 24
$0.21
Q3 24
$0.29
Q2 24
$1.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DFIN
DFIN
DGICA
DGICA
Cash + ST InvestmentsLiquidity on hand
$24.5M
Total DebtLower is stronger
$171.3M
Stockholders' EquityBook value
$379.2M
$649.1M
Total Assets
$800.4M
$2.4B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
$24.5M
Q3 25
$22.7M
Q2 25
$33.8M
Q1 25
$16.2M
Q4 24
$57.3M
Q3 24
$33.6M
Q2 24
$35.0M
Total Debt
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
$171.3M
Q3 25
$154.7M
Q2 25
$190.1M
Q1 25
$189.5M
Q4 24
$124.7M
Q3 24
Q2 24
Stockholders' Equity
DFIN
DFIN
DGICA
DGICA
Q1 26
$649.1M
Q4 25
$379.2M
$640.4M
Q3 25
$423.1M
$627.4M
Q2 25
$432.1M
$605.7M
Q1 25
$419.9M
$584.7M
Q4 24
$436.1M
$545.8M
Q3 24
$444.5M
$513.4M
Q2 24
$441.5M
$484.1M
Total Assets
DFIN
DFIN
DGICA
DGICA
Q1 26
$2.4B
Q4 25
$800.4M
$2.4B
Q3 25
$816.3M
$2.4B
Q2 25
$874.7M
$2.4B
Q1 25
$852.8M
$2.4B
Q4 24
$841.6M
$2.3B
Q3 24
$843.6M
$2.3B
Q2 24
$882.9M
$2.3B
Debt / Equity
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
0.45×
Q3 25
0.37×
Q2 25
0.44×
Q1 25
0.45×
Q4 24
0.29×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DFIN
DFIN
DGICA
DGICA
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.

Operating Cash Flow
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
$59.8M
$70.2M
Q3 25
$74.4M
$22.4M
Q2 25
$68.4M
$12.1M
Q1 25
$-37.7M
$25.7M
Q4 24
$56.4M
$67.4M
Q3 24
$86.4M
$12.7M
Q2 24
$56.2M
$21.7M
Free Cash Flow
DFIN
DFIN
DGICA
DGICA
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
FCF Margin
DFIN
DFIN
DGICA
DGICA
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%
Capex Intensity
DFIN
DFIN
DGICA
DGICA
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%
Cash Conversion
DFIN
DFIN
DGICA
DGICA
Q1 26
Q4 25
9.65×
4.08×
Q3 25
1.11×
Q2 25
1.89×
0.72×
Q1 25
-1.22×
1.02×
Q4 24
8.95×
2.81×
Q3 24
9.93×
0.76×
Q2 24
1.27×
5.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DFIN
DFIN

Technology Service$68.0M39%
Capital Markets Compliance And Communications Management$61.6M36%
Investment Companies Software Solutions$30.9M18%
Print And Distribution Service$13.6M8%

DGICA
DGICA

Segment breakdown not available.

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