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

Ecovyst Inc. is the larger business by last-quarter revenue ($199.4M vs $172.5M, roughly 1.2× Donnelley Financial Solutions, Inc.). On growth, Ecovyst Inc. posted the faster year-over-year revenue change (34.0% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $22.9M). Over the past eight quarters, Ecovyst Inc.'s revenue compounded faster (18.7% 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.

Ecovyst Inc. is a global sustainable specialty materials provider that develops and manufactures high-performance catalysts and functional additives. Its offerings serve key segments including industrial manufacturing, consumer goods, and environmental protection, helping clients improve operational efficiency and lower carbon emissions across North America, Europe, and Asia-Pacific markets.

DFIN vs ECVT — Head-to-Head

Bigger by revenue
ECVT
ECVT
1.2× larger
ECVT
$199.4M
$172.5M
DFIN
Growing faster (revenue YoY)
ECVT
ECVT
+23.6% gap
ECVT
34.0%
10.4%
DFIN
More free cash flow
DFIN
DFIN
$25.0M more FCF
DFIN
$47.9M
$22.9M
ECVT
Faster 2-yr revenue CAGR
ECVT
ECVT
Annualised
ECVT
18.7%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFIN
DFIN
ECVT
ECVT
Revenue
$172.5M
$199.4M
Net Profit
$6.2M
Gross Margin
23.4%
Operating Margin
8.3%
10.9%
Net Margin
3.6%
Revenue YoY
10.4%
34.0%
Net Profit YoY
-1.6%
EPS (diluted)
$0.31
$0.06

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
ECVT
ECVT
Q4 25
$172.5M
$199.4M
Q3 25
$175.3M
$204.9M
Q2 25
$218.1M
$176.1M
Q1 25
$201.1M
$143.1M
Q4 24
$156.3M
$148.9M
Q3 24
$179.5M
$153.9M
Q2 24
$242.7M
$154.0M
Q1 24
$203.4M
$141.6M
Net Profit
DFIN
DFIN
ECVT
ECVT
Q4 25
$6.2M
Q3 25
$-40.9M
$-79.3M
Q2 25
$36.1M
$6.0M
Q1 25
$31.0M
$-3.6M
Q4 24
$6.3M
Q3 24
$8.7M
$14.3M
Q2 24
$44.1M
$8.3M
Q1 24
$33.3M
$1.2M
Gross Margin
DFIN
DFIN
ECVT
ECVT
Q4 25
23.4%
Q3 25
25.4%
Q2 25
22.8%
Q1 25
13.3%
Q4 24
28.9%
Q3 24
29.3%
Q2 24
27.3%
Q1 24
23.5%
Operating Margin
DFIN
DFIN
ECVT
ECVT
Q4 25
8.3%
10.9%
Q3 25
16.1%
13.8%
Q2 25
24.2%
9.0%
Q1 25
22.8%
-0.7%
Q4 24
6.0%
15.1%
Q3 24
10.1%
17.9%
Q2 24
26.6%
14.1%
Q1 24
21.9%
9.5%
Net Margin
DFIN
DFIN
ECVT
ECVT
Q4 25
3.6%
Q3 25
-23.3%
-38.7%
Q2 25
16.6%
3.4%
Q1 25
15.4%
-2.5%
Q4 24
4.0%
Q3 24
4.8%
9.3%
Q2 24
18.2%
5.4%
Q1 24
16.4%
0.9%
EPS (diluted)
DFIN
DFIN
ECVT
ECVT
Q4 25
$0.31
$0.06
Q3 25
$-1.49
$-0.69
Q2 25
$1.28
$0.05
Q1 25
$1.05
$-0.03
Q4 24
$0.21
$-0.26
Q3 24
$0.29
$0.12
Q2 24
$1.47
$0.07
Q1 24
$1.09
$0.01

Balance Sheet & Financial Strength

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

Metric
DFIN
DFIN
ECVT
ECVT
Cash + ST InvestmentsLiquidity on hand
$24.5M
$197.2M
Total DebtLower is stronger
$171.3M
$392.6M
Stockholders' EquityBook value
$379.2M
$603.4M
Total Assets
$800.4M
$1.3B
Debt / EquityLower = less leverage
0.45×
0.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFIN
DFIN
ECVT
ECVT
Q4 25
$24.5M
$197.2M
Q3 25
$22.7M
$82.0M
Q2 25
$33.8M
$69.6M
Q1 25
$16.2M
$127.5M
Q4 24
$57.3M
$131.4M
Q3 24
$33.6M
$123.5M
Q2 24
$35.0M
$83.3M
Q1 24
$43.7M
$103.1M
Total Debt
DFIN
DFIN
ECVT
ECVT
Q4 25
$171.3M
$392.6M
Q3 25
$154.7M
$854.8M
Q2 25
$190.1M
$856.6M
Q1 25
$189.5M
$859.0M
Q4 24
$124.7M
$860.8M
Q3 24
$862.7M
Q2 24
$862.4M
Q1 24
$866.2M
Stockholders' Equity
DFIN
DFIN
ECVT
ECVT
Q4 25
$379.2M
$603.4M
Q3 25
$423.1M
$607.9M
Q2 25
$432.1M
$692.4M
Q1 25
$419.9M
$698.7M
Q4 24
$436.1M
$700.5M
Q3 24
$444.5M
$729.4M
Q2 24
$441.5M
$717.3M
Q1 24
$408.9M
$711.4M
Total Assets
DFIN
DFIN
ECVT
ECVT
Q4 25
$800.4M
$1.3B
Q3 25
$816.3M
$1.7B
Q2 25
$874.7M
$1.8B
Q1 25
$852.8M
$1.8B
Q4 24
$841.6M
$1.8B
Q3 24
$843.6M
$1.8B
Q2 24
$882.9M
$1.8B
Q1 24
$867.8M
$1.8B
Debt / Equity
DFIN
DFIN
ECVT
ECVT
Q4 25
0.45×
0.65×
Q3 25
0.37×
1.41×
Q2 25
0.44×
1.24×
Q1 25
0.45×
1.23×
Q4 24
0.29×
1.23×
Q3 24
1.18×
Q2 24
1.20×
Q1 24
1.22×

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
ECVT
ECVT
Operating Cash FlowLast quarter
$59.8M
$41.8M
Free Cash FlowOCF − Capex
$47.9M
$22.9M
FCF MarginFCF / Revenue
27.8%
11.5%
Capex IntensityCapex / Revenue
6.9%
9.4%
Cash ConversionOCF / Net Profit
9.65×
TTM Free Cash FlowTrailing 4 quarters
$107.8M
$69.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFIN
DFIN
ECVT
ECVT
Q4 25
$59.8M
$41.8M
Q3 25
$74.4M
$55.3M
Q2 25
$68.4M
$33.0M
Q1 25
$-37.7M
$10.3M
Q4 24
$56.4M
$43.5M
Q3 24
$86.4M
$59.9M
Q2 24
$56.2M
$10.0M
Q1 24
$-27.9M
$36.5M
Free Cash Flow
DFIN
DFIN
ECVT
ECVT
Q4 25
$47.9M
$22.9M
Q3 25
$59.2M
$53.2M
Q2 25
$51.7M
$7.8M
Q1 25
$-51.0M
$-14.0M
Q4 24
$41.3M
$30.9M
Q3 24
$67.3M
$53.6M
Q2 24
$36.8M
$-9.3M
Q1 24
$-40.2M
$19.1M
FCF Margin
DFIN
DFIN
ECVT
ECVT
Q4 25
27.8%
11.5%
Q3 25
33.8%
26.0%
Q2 25
23.7%
4.4%
Q1 25
-25.4%
-9.8%
Q4 24
26.4%
20.7%
Q3 24
37.5%
34.9%
Q2 24
15.2%
-6.1%
Q1 24
-19.8%
13.5%
Capex Intensity
DFIN
DFIN
ECVT
ECVT
Q4 25
6.9%
9.4%
Q3 25
8.7%
1.0%
Q2 25
7.7%
14.4%
Q1 25
6.6%
16.9%
Q4 24
9.7%
8.5%
Q3 24
10.6%
4.1%
Q2 24
8.0%
12.5%
Q1 24
6.0%
12.3%
Cash Conversion
DFIN
DFIN
ECVT
ECVT
Q4 25
9.65×
Q3 25
Q2 25
1.89×
5.52×
Q1 25
-1.22×
Q4 24
8.95×
Q3 24
9.93×
4.21×
Q2 24
1.27×
1.20×
Q1 24
-0.84×
29.90×

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%

ECVT
ECVT

Industrial Mining Automotive$101.3M51%
Regeneration And Treatment Services$90.0M45%
Other$8.1M4%

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