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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and FIRST MID BANCSHARES, INC. (FMBH). 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 $88.2M, roughly 2.0× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 3.6%, a 23.2% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $47.9M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% 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.
First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.
DFIN vs FMBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $88.2M |
| Net Profit | $6.2M | $23.7M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 34.0% |
| Net Margin | 3.6% | 26.8% |
| Revenue YoY | 10.4% | 3.4% |
| Net Profit YoY | -1.6% | 23.5% |
| EPS (diluted) | $0.31 | $0.98 |
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 | $88.2M | ||
| Q3 25 | $175.3M | $89.3M | ||
| Q2 25 | $218.1M | $87.5M | ||
| Q1 25 | $201.1M | $84.3M | ||
| Q4 24 | $156.3M | $85.3M | ||
| Q3 24 | $179.5M | $80.6M | ||
| Q2 24 | $242.7M | $79.2M | ||
| Q1 24 | $203.4M | $79.9M |
| Q4 25 | $6.2M | $23.7M | ||
| Q3 25 | $-40.9M | $22.5M | ||
| Q2 25 | $36.1M | $23.4M | ||
| Q1 25 | $31.0M | $22.2M | ||
| Q4 24 | $6.3M | $19.2M | ||
| Q3 24 | $8.7M | $19.5M | ||
| Q2 24 | $44.1M | $19.7M | ||
| Q1 24 | $33.3M | $20.5M |
| Q4 25 | 8.3% | 34.0% | ||
| Q3 25 | 16.1% | 32.2% | ||
| Q2 25 | 24.2% | 34.4% | ||
| Q1 25 | 22.8% | 33.4% | ||
| Q4 24 | 6.0% | 29.7% | ||
| Q3 24 | 10.1% | 31.5% | ||
| Q2 24 | 26.6% | 33.7% | ||
| Q1 24 | 21.9% | 33.7% |
| Q4 25 | 3.6% | 26.8% | ||
| Q3 25 | -23.3% | 25.2% | ||
| Q2 25 | 16.6% | 26.8% | ||
| Q1 25 | 15.4% | 26.3% | ||
| Q4 24 | 4.0% | 22.5% | ||
| Q3 24 | 4.8% | 24.2% | ||
| Q2 24 | 18.2% | 24.9% | ||
| Q1 24 | 16.4% | 25.6% |
| Q4 25 | $0.31 | $0.98 | ||
| Q3 25 | $-1.49 | $0.94 | ||
| Q2 25 | $1.28 | $0.98 | ||
| Q1 25 | $1.05 | $0.93 | ||
| Q4 24 | $0.21 | $0.81 | ||
| Q3 24 | $0.29 | $0.81 | ||
| Q2 24 | $1.47 | $0.82 | ||
| Q1 24 | $1.09 | $0.86 |
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 | $354.5M |
| Stockholders' EquityBook value | $379.2M | $958.7M |
| Total Assets | $800.4M | $8.0B |
| Debt / EquityLower = less leverage | 0.45× | 0.37× |
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 | $354.5M | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $379.2M | $958.7M | ||
| Q3 25 | $423.1M | $932.2M | ||
| Q2 25 | $432.1M | $894.1M | ||
| Q1 25 | $419.9M | $870.9M | ||
| Q4 24 | $436.1M | $846.4M | ||
| Q3 24 | $444.5M | $858.5M | ||
| Q2 24 | $441.5M | $813.6M | ||
| Q1 24 | $408.9M | $798.0M |
| Q4 25 | $800.4M | $8.0B | ||
| Q3 25 | $816.3M | $7.8B | ||
| Q2 25 | $874.7M | $7.7B | ||
| Q1 25 | $852.8M | $7.6B | ||
| Q4 24 | $841.6M | $7.5B | ||
| Q3 24 | $843.6M | $7.6B | ||
| Q2 24 | $882.9M | $7.6B | ||
| Q1 24 | $867.8M | $7.7B |
| Q4 25 | 0.45× | 0.37× | ||
| 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 | $130.9M |
| Free Cash FlowOCF − Capex | $47.9M | $124.0M |
| FCF MarginFCF / Revenue | 27.8% | 140.6% |
| Capex IntensityCapex / Revenue | 6.9% | 7.8% |
| Cash ConversionOCF / Net Profit | 9.65× | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $130.9M | ||
| Q3 25 | $74.4M | $33.0M | ||
| Q2 25 | $68.4M | $7.7M | ||
| Q1 25 | $-37.7M | $47.9M | ||
| Q4 24 | $56.4M | $124.4M | ||
| Q3 24 | $86.4M | $33.1M | ||
| Q2 24 | $56.2M | $24.0M | ||
| Q1 24 | $-27.9M | $29.0M |
| Q4 25 | $47.9M | $124.0M | ||
| Q3 25 | $59.2M | $31.9M | ||
| Q2 25 | $51.7M | $6.0M | ||
| Q1 25 | $-51.0M | $46.0M | ||
| Q4 24 | $41.3M | $119.5M | ||
| Q3 24 | $67.3M | $32.0M | ||
| Q2 24 | $36.8M | $22.9M | ||
| Q1 24 | $-40.2M | $27.6M |
| Q4 25 | 27.8% | 140.6% | ||
| Q3 25 | 33.8% | 35.8% | ||
| Q2 25 | 23.7% | 6.8% | ||
| Q1 25 | -25.4% | 54.5% | ||
| Q4 24 | 26.4% | 140.0% | ||
| Q3 24 | 37.5% | 39.7% | ||
| Q2 24 | 15.2% | 28.9% | ||
| Q1 24 | -19.8% | 34.5% |
| Q4 25 | 6.9% | 7.8% | ||
| Q3 25 | 8.7% | 1.2% | ||
| Q2 25 | 7.7% | 2.0% | ||
| Q1 25 | 6.6% | 2.3% | ||
| Q4 24 | 9.7% | 5.8% | ||
| Q3 24 | 10.6% | 1.4% | ||
| Q2 24 | 8.0% | 1.4% | ||
| Q1 24 | 6.0% | 1.9% |
| Q4 25 | 9.65× | 5.53× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 1.89× | 0.33× | ||
| Q1 25 | -1.22× | 2.16× | ||
| Q4 24 | 8.95× | 6.49× | ||
| Q3 24 | 9.93× | 1.70× | ||
| Q2 24 | 1.27× | 1.21× | ||
| Q1 24 | -0.84× | 1.42× |
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% |
FMBH
Segment breakdown not available.
