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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and GRID DYNAMICS HOLDINGS, INC. (GDYN). 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 $106.2M, roughly 1.6× GRID DYNAMICS HOLDINGS, INC.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs 0.3%, a 3.3% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 5.9%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $6.1M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% 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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
DFIN vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $106.2M |
| Net Profit | $6.2M | $306.0K |
| Gross Margin | — | 34.0% |
| Operating Margin | 8.3% | 0.5% |
| Net Margin | 3.6% | 0.3% |
| Revenue YoY | 10.4% | 5.9% |
| Net Profit YoY | -1.6% | -93.2% |
| EPS (diluted) | $0.31 | $0.01 |
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 | $106.2M | ||
| Q3 25 | $175.3M | $104.2M | ||
| Q2 25 | $218.1M | $101.1M | ||
| Q1 25 | $201.1M | $100.4M | ||
| Q4 24 | $156.3M | $100.3M | ||
| Q3 24 | $179.5M | $87.4M | ||
| Q2 24 | $242.7M | $83.0M | ||
| Q1 24 | $203.4M | $79.8M |
| Q4 25 | $6.2M | $306.0K | ||
| Q3 25 | $-40.9M | $1.2M | ||
| Q2 25 | $36.1M | $5.3M | ||
| Q1 25 | $31.0M | $2.9M | ||
| Q4 24 | $6.3M | $4.5M | ||
| Q3 24 | $8.7M | $4.3M | ||
| Q2 24 | $44.1M | $-817.0K | ||
| Q1 24 | $33.3M | $-3.9M |
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 36.9% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 34.7% |
| Q4 25 | 8.3% | 0.5% | ||
| Q3 25 | 16.1% | -0.2% | ||
| Q2 25 | 24.2% | -0.1% | ||
| Q1 25 | 22.8% | -2.0% | ||
| Q4 24 | 6.0% | 1.3% | ||
| Q3 24 | 10.1% | 2.4% | ||
| Q2 24 | 26.6% | 0.0% | ||
| Q1 24 | 21.9% | -6.9% |
| Q4 25 | 3.6% | 0.3% | ||
| Q3 25 | -23.3% | 1.1% | ||
| Q2 25 | 16.6% | 5.2% | ||
| Q1 25 | 15.4% | 2.9% | ||
| Q4 24 | 4.0% | 4.5% | ||
| Q3 24 | 4.8% | 4.9% | ||
| Q2 24 | 18.2% | -1.0% | ||
| Q1 24 | 16.4% | -4.9% |
| Q4 25 | $0.31 | $0.01 | ||
| Q3 25 | $-1.49 | $0.01 | ||
| Q2 25 | $1.28 | $0.06 | ||
| Q1 25 | $1.05 | $0.03 | ||
| Q4 24 | $0.21 | $0.06 | ||
| Q3 24 | $0.29 | $0.05 | ||
| Q2 24 | $1.47 | $-0.01 | ||
| Q1 24 | $1.09 | $-0.05 |
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 | $342.1M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $542.1M |
| Total Assets | $800.4M | $612.9M |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $342.1M | ||
| Q3 25 | $22.7M | $338.6M | ||
| Q2 25 | $33.8M | $336.8M | ||
| Q1 25 | $16.2M | $325.5M | ||
| Q4 24 | $57.3M | $334.7M | ||
| Q3 24 | $33.6M | $231.3M | ||
| Q2 24 | $35.0M | $256.0M | ||
| Q1 24 | $43.7M | $249.4M |
| Q4 25 | $171.3M | — | ||
| 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 | $542.1M | ||
| Q3 25 | $423.1M | $537.7M | ||
| Q2 25 | $432.1M | $532.2M | ||
| Q1 25 | $419.9M | $517.4M | ||
| Q4 24 | $436.1M | $517.8M | ||
| Q3 24 | $444.5M | $400.2M | ||
| Q2 24 | $441.5M | $388.4M | ||
| Q1 24 | $408.9M | $382.8M |
| Q4 25 | $800.4M | $612.9M | ||
| Q3 25 | $816.3M | $613.2M | ||
| Q2 25 | $874.7M | $608.9M | ||
| Q1 25 | $852.8M | $590.9M | ||
| Q4 24 | $841.6M | $592.2M | ||
| Q3 24 | $843.6M | $477.3M | ||
| Q2 24 | $882.9M | $443.6M | ||
| Q1 24 | $867.8M | $435.3M |
| 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 | $9.9M |
| Free Cash FlowOCF − Capex | $47.9M | $6.1M |
| FCF MarginFCF / Revenue | 27.8% | 5.7% |
| Capex IntensityCapex / Revenue | 6.9% | 3.6% |
| Cash ConversionOCF / Net Profit | 9.65× | 32.34× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $25.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $9.9M | ||
| Q3 25 | $74.4M | $7.0M | ||
| Q2 25 | $68.4M | $14.4M | ||
| Q1 25 | $-37.7M | $9.4M | ||
| Q4 24 | $56.4M | $7.1M | ||
| Q3 24 | $86.4M | $9.2M | ||
| Q2 24 | $56.2M | $10.7M | ||
| Q1 24 | $-27.9M | $3.2M |
| Q4 25 | $47.9M | $6.1M | ||
| Q3 25 | $59.2M | $2.9M | ||
| Q2 25 | $51.7M | $10.2M | ||
| Q1 25 | $-51.0M | $6.0M | ||
| Q4 24 | $41.3M | $4.4M | ||
| Q3 24 | $67.3M | $5.9M | ||
| Q2 24 | $36.8M | $8.0M | ||
| Q1 24 | $-40.2M | $43.0K |
| Q4 25 | 27.8% | 5.7% | ||
| Q3 25 | 33.8% | 2.8% | ||
| Q2 25 | 23.7% | 10.1% | ||
| Q1 25 | -25.4% | 6.0% | ||
| Q4 24 | 26.4% | 4.4% | ||
| Q3 24 | 37.5% | 6.8% | ||
| Q2 24 | 15.2% | 9.7% | ||
| Q1 24 | -19.8% | 0.1% |
| Q4 25 | 6.9% | 3.6% | ||
| Q3 25 | 8.7% | 3.9% | ||
| Q2 25 | 7.7% | 4.1% | ||
| Q1 25 | 6.6% | 3.3% | ||
| Q4 24 | 9.7% | 2.6% | ||
| Q3 24 | 10.6% | 3.7% | ||
| Q2 24 | 8.0% | 3.2% | ||
| Q1 24 | 6.0% | 4.0% |
| Q4 25 | 9.65× | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | 1.89× | 2.73× | ||
| Q1 25 | -1.22× | 3.21× | ||
| Q4 24 | 8.95× | 1.56× | ||
| Q3 24 | 9.93× | 2.15× | ||
| 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% |
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
