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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $172.5M, roughly 1.6× Donnelley Financial Solutions, Inc.). Forestar Group Inc. runs the higher net margin — 5.6% vs 3.6%, a 2.0% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 9.0%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-157.1M). Over the past eight quarters, Donnelley Financial Solutions, Inc.'s revenue compounded faster (-7.9% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
DFIN vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $273.0M |
| Net Profit | $6.2M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 8.3% | 7.6% |
| Net Margin | 3.6% | 5.6% |
| Revenue YoY | 10.4% | 9.0% |
| Net Profit YoY | -1.6% | -6.7% |
| EPS (diluted) | $0.31 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $175.3M | $670.5M | ||
| Q2 25 | $218.1M | $390.5M | ||
| Q1 25 | $201.1M | $351.0M | ||
| Q4 24 | $156.3M | $250.4M | ||
| Q3 24 | $179.5M | $551.3M | ||
| Q2 24 | $242.7M | $318.4M | ||
| Q1 24 | $203.4M | $333.8M |
| Q4 25 | $6.2M | $15.4M | ||
| Q3 25 | $-40.9M | $86.9M | ||
| Q2 25 | $36.1M | $32.9M | ||
| Q1 25 | $31.0M | $31.6M | ||
| Q4 24 | $6.3M | $16.5M | ||
| Q3 24 | $8.7M | $81.5M | ||
| Q2 24 | $44.1M | $38.7M | ||
| Q1 24 | $33.3M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 8.3% | 7.6% | ||
| Q3 25 | 16.1% | 16.9% | ||
| Q2 25 | 24.2% | 11.2% | ||
| Q1 25 | 22.8% | 11.6% | ||
| Q4 24 | 6.0% | 8.7% | ||
| Q3 24 | 10.1% | 19.7% | ||
| Q2 24 | 26.6% | 16.2% | ||
| Q1 24 | 21.9% | 17.6% |
| Q4 25 | 3.6% | 5.6% | ||
| Q3 25 | -23.3% | 13.0% | ||
| Q2 25 | 16.6% | 8.4% | ||
| Q1 25 | 15.4% | 9.0% | ||
| Q4 24 | 4.0% | 6.6% | ||
| Q3 24 | 4.8% | 14.8% | ||
| Q2 24 | 18.2% | 12.2% | ||
| Q1 24 | 16.4% | 13.5% |
| Q4 25 | $0.31 | $0.30 | ||
| Q3 25 | $-1.49 | $1.70 | ||
| Q2 25 | $1.28 | $0.65 | ||
| Q1 25 | $1.05 | $0.62 | ||
| Q4 24 | $0.21 | $0.32 | ||
| Q3 24 | $0.29 | $1.59 | ||
| Q2 24 | $1.47 | $0.76 | ||
| Q1 24 | $1.09 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | $171.3M | $793.2M |
| Stockholders' EquityBook value | $379.2M | $1.8B |
| Total Assets | $800.4M | $3.2B |
| Debt / EquityLower = less leverage | 0.45× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $211.7M | ||
| Q3 25 | $22.7M | $379.2M | ||
| Q2 25 | $33.8M | $189.2M | ||
| Q1 25 | $16.2M | $174.3M | ||
| Q4 24 | $57.3M | $132.0M | ||
| Q3 24 | $33.6M | $481.2M | ||
| Q2 24 | $35.0M | $359.2M | ||
| Q1 24 | $43.7M | $416.2M |
| Q4 25 | $171.3M | $793.2M | ||
| Q3 25 | $154.7M | $802.7M | ||
| Q2 25 | $190.1M | $872.8M | ||
| Q1 25 | $189.5M | $872.5M | ||
| Q4 24 | $124.7M | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $379.2M | $1.8B | ||
| Q3 25 | $423.1M | $1.8B | ||
| Q2 25 | $432.1M | $1.7B | ||
| Q1 25 | $419.9M | $1.6B | ||
| Q4 24 | $436.1M | $1.6B | ||
| Q3 24 | $444.5M | $1.6B | ||
| Q2 24 | $441.5M | $1.5B | ||
| Q1 24 | $408.9M | $1.5B |
| Q4 25 | $800.4M | $3.2B | ||
| Q3 25 | $816.3M | $3.1B | ||
| Q2 25 | $874.7M | $3.1B | ||
| Q1 25 | $852.8M | $3.0B | ||
| Q4 24 | $841.6M | $3.0B | ||
| Q3 24 | $843.6M | $2.8B | ||
| Q2 24 | $882.9M | $2.7B | ||
| Q1 24 | $867.8M | $2.6B |
| Q4 25 | 0.45× | 0.44× | ||
| Q3 25 | 0.37× | 0.45× | ||
| Q2 25 | 0.44× | 0.52× | ||
| Q1 25 | 0.45× | 0.53× | ||
| Q4 24 | 0.29× | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $47.9M | $-157.1M |
| FCF MarginFCF / Revenue | 27.8% | -57.5% |
| Capex IntensityCapex / Revenue | 6.9% | 0.0% |
| Cash ConversionOCF / Net Profit | 9.65× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $-157.0M | ||
| Q3 25 | $74.4M | $256.3M | ||
| Q2 25 | $68.4M | $15.8M | ||
| Q1 25 | $-37.7M | $-19.8M | ||
| Q4 24 | $56.4M | $-450.0M | ||
| Q3 24 | $86.4M | $119.2M | ||
| Q2 24 | $56.2M | $-61.7M | ||
| Q1 24 | $-27.9M | $-59.2M |
| Q4 25 | $47.9M | $-157.1M | ||
| Q3 25 | $59.2M | $255.6M | ||
| Q2 25 | $51.7M | $15.0M | ||
| Q1 25 | $-51.0M | $-20.5M | ||
| Q4 24 | $41.3M | — | ||
| Q3 24 | $67.3M | $118.4M | ||
| Q2 24 | $36.8M | $-62.3M | ||
| Q1 24 | $-40.2M | $-59.8M |
| Q4 25 | 27.8% | -57.5% | ||
| Q3 25 | 33.8% | 38.1% | ||
| Q2 25 | 23.7% | 3.8% | ||
| Q1 25 | -25.4% | -5.8% | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 37.5% | 21.5% | ||
| Q2 24 | 15.2% | -19.6% | ||
| Q1 24 | -19.8% | -17.9% |
| Q4 25 | 6.9% | 0.0% | ||
| Q3 25 | 8.7% | 0.1% | ||
| Q2 25 | 7.7% | 0.2% | ||
| Q1 25 | 6.6% | 0.2% | ||
| Q4 24 | 9.7% | 0.0% | ||
| Q3 24 | 10.6% | 0.1% | ||
| Q2 24 | 8.0% | 0.2% | ||
| Q1 24 | 6.0% | 0.2% |
| Q4 25 | 9.65× | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 1.89× | 0.48× | ||
| Q1 25 | -1.22× | -0.63× | ||
| Q4 24 | 8.95× | -27.27× | ||
| Q3 24 | 9.93× | 1.46× | ||
| Q2 24 | 1.27× | -1.59× | ||
| Q1 24 | -0.84× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
