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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Fat Brands, Inc (FAT). 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 $140.0M, roughly 1.2× Fat Brands, Inc). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -41.6%, a 45.2% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -2.3%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-16.9M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% 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.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
DFIN vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $140.0M |
| Net Profit | $6.2M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | -12.4% |
| Net Margin | 3.6% | -41.6% |
| Revenue YoY | 10.4% | -2.3% |
| Net Profit YoY | -1.6% | -30.1% |
| EPS (diluted) | $0.31 | $-3.39 |
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 | $172.5M | — | ||
| Q3 25 | $175.3M | $140.0M | ||
| Q2 25 | $218.1M | $146.8M | ||
| Q1 25 | $201.1M | $142.0M | ||
| Q4 24 | $156.3M | $145.3M | ||
| Q3 24 | $179.5M | $143.4M | ||
| Q2 24 | $242.7M | $152.0M | ||
| Q1 24 | $203.4M | $152.0M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $-40.9M | $-58.2M | ||
| Q2 25 | $36.1M | $-54.2M | ||
| Q1 25 | $31.0M | $-46.0M | ||
| Q4 24 | $6.3M | $-67.4M | ||
| Q3 24 | $8.7M | $-44.8M | ||
| Q2 24 | $44.1M | $-39.4M | ||
| Q1 24 | $33.3M | $-38.3M |
| Q4 25 | 8.3% | — | ||
| Q3 25 | 16.1% | -12.4% | ||
| Q2 25 | 24.2% | -10.6% | ||
| Q1 25 | 22.8% | -6.0% | ||
| Q4 24 | 6.0% | -27.1% | ||
| Q3 24 | 10.1% | -6.2% | ||
| Q2 24 | 26.6% | -1.8% | ||
| Q1 24 | 21.9% | -0.9% |
| Q4 25 | 3.6% | — | ||
| Q3 25 | -23.3% | -41.6% | ||
| Q2 25 | 16.6% | -36.9% | ||
| Q1 25 | 15.4% | -32.4% | ||
| Q4 24 | 4.0% | -46.4% | ||
| Q3 24 | 4.8% | -31.2% | ||
| Q2 24 | 18.2% | -25.9% | ||
| Q1 24 | 16.4% | -25.2% |
| Q4 25 | $0.31 | — | ||
| Q3 25 | $-1.49 | $-3.39 | ||
| Q2 25 | $1.28 | $-3.17 | ||
| Q1 25 | $1.05 | $-2.73 | ||
| Q4 24 | $0.21 | $-4.06 | ||
| Q3 24 | $0.29 | $-2.74 | ||
| Q2 24 | $1.47 | $-2.43 | ||
| Q1 24 | $1.09 | $-2.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.5M | — |
| Total DebtLower is stronger | $171.3M | $1.3B |
| Stockholders' EquityBook value | $379.2M | $-585.8M |
| Total Assets | $800.4M | $1.2B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $43.7M | — |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | $1.3B | ||
| Q2 25 | $190.1M | $1.3B | ||
| Q1 25 | $189.5M | $1.3B | ||
| Q4 24 | $124.7M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $379.2M | — | ||
| Q3 25 | $423.1M | $-585.8M | ||
| Q2 25 | $432.1M | $-536.5M | ||
| Q1 25 | $419.9M | $-493.9M | ||
| Q4 24 | $436.1M | $-455.7M | ||
| Q3 24 | $444.5M | $-386.1M | ||
| Q2 24 | $441.5M | $-338.6M | ||
| Q1 24 | $408.9M | $-296.8M |
| Q4 25 | $800.4M | — | ||
| Q3 25 | $816.3M | $1.2B | ||
| Q2 25 | $874.7M | $1.2B | ||
| Q1 25 | $852.8M | $1.3B | ||
| Q4 24 | $841.6M | $1.3B | ||
| Q3 24 | $843.6M | $1.3B | ||
| Q2 24 | $882.9M | $1.4B | ||
| Q1 24 | $867.8M | $1.4B |
| 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 | $59.8M | $-14.5M |
| Free Cash FlowOCF − Capex | $47.9M | $-16.9M |
| FCF MarginFCF / Revenue | 27.8% | -12.1% |
| Capex IntensityCapex / Revenue | 6.9% | 1.7% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | — | ||
| Q3 25 | $74.4M | $-14.5M | ||
| Q2 25 | $68.4M | $-26.9M | ||
| Q1 25 | $-37.7M | $-13.2M | ||
| Q4 24 | $56.4M | $-10.4M | ||
| Q3 24 | $86.4M | $-3.2M | ||
| Q2 24 | $56.2M | $-14.2M | ||
| Q1 24 | $-27.9M | $-28.4M |
| Q4 25 | $47.9M | — | ||
| Q3 25 | $59.2M | $-16.9M | ||
| Q2 25 | $51.7M | $-29.3M | ||
| Q1 25 | $-51.0M | $-17.8M | ||
| Q4 24 | $41.3M | $-11.0M | ||
| Q3 24 | $67.3M | $-11.1M | ||
| Q2 24 | $36.8M | $-24.4M | ||
| Q1 24 | $-40.2M | $-32.5M |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 33.8% | -12.1% | ||
| Q2 25 | 23.7% | -20.0% | ||
| Q1 25 | -25.4% | -12.5% | ||
| Q4 24 | 26.4% | -7.6% | ||
| Q3 24 | 37.5% | -7.7% | ||
| Q2 24 | 15.2% | -16.1% | ||
| Q1 24 | -19.8% | -21.4% |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.7% | 1.7% | ||
| Q2 25 | 7.7% | 1.6% | ||
| Q1 25 | 6.6% | 3.2% | ||
| Q4 24 | 9.7% | 0.4% | ||
| Q3 24 | 10.6% | 5.5% | ||
| Q2 24 | 8.0% | 6.7% | ||
| Q1 24 | 6.0% | 2.7% |
| 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
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% |
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
