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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Global Net Lease, Inc. (GNL). 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 $117.0M, roughly 1.5× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 3.6%, a 37.6% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -15.1%). Over the past eight quarters, Donnelley Financial Solutions, Inc.'s revenue compounded faster (-7.9% CAGR vs -11.1%).
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.
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
DFIN vs GNL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $117.0M |
| Net Profit | $6.2M | $48.2M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 94.7% |
| Net Margin | 3.6% | 41.2% |
| Revenue YoY | 10.4% | -15.1% |
| Net Profit YoY | -1.6% | 838.7% |
| EPS (diluted) | $0.31 | $0.14 |
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 | $117.0M | ||
| Q3 25 | $175.3M | $121.0M | ||
| Q2 25 | $218.1M | $124.9M | ||
| Q1 25 | $201.1M | $132.4M | ||
| Q4 24 | $156.3M | $137.8M | ||
| Q3 24 | $179.5M | $138.7M | ||
| Q2 24 | $242.7M | $145.5M | ||
| Q1 24 | $203.4M | $147.9M |
| Q4 25 | $6.2M | $48.2M | ||
| Q3 25 | $-40.9M | $-60.1M | ||
| Q2 25 | $36.1M | $-24.1M | ||
| Q1 25 | $31.0M | $-189.4M | ||
| Q4 24 | $6.3M | $-6.5M | ||
| Q3 24 | $8.7M | $-65.6M | ||
| Q2 24 | $44.1M | $-35.7M | ||
| Q1 24 | $33.3M | $-23.8M |
| Q4 25 | 8.3% | 94.7% | ||
| Q3 25 | 16.1% | -11.7% | ||
| Q2 25 | 24.2% | 33.9% | ||
| Q1 25 | 22.8% | -21.1% | ||
| Q4 24 | 6.0% | 40.8% | ||
| Q3 24 | 10.1% | 9.3% | ||
| Q2 24 | 26.6% | 42.6% | ||
| Q1 24 | 21.9% | 38.6% |
| Q4 25 | 3.6% | 41.2% | ||
| Q3 25 | -23.3% | -49.7% | ||
| Q2 25 | 16.6% | -19.3% | ||
| Q1 25 | 15.4% | -143.0% | ||
| Q4 24 | 4.0% | -4.7% | ||
| Q3 24 | 4.8% | -47.3% | ||
| Q2 24 | 18.2% | -24.5% | ||
| Q1 24 | 16.4% | -16.1% |
| Q4 25 | $0.31 | $0.14 | ||
| Q3 25 | $-1.49 | $-0.32 | ||
| Q2 25 | $1.28 | $-0.16 | ||
| Q1 25 | $1.05 | $-0.87 | ||
| Q4 24 | $0.21 | $-0.08 | ||
| Q3 24 | $0.29 | $-0.33 | ||
| Q2 24 | $1.47 | $-0.20 | ||
| Q1 24 | $1.09 | $-0.15 |
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 | $180.1M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $1.7B |
| Total Assets | $800.4M | $4.3B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $180.1M | ||
| Q3 25 | $22.7M | $165.1M | ||
| Q2 25 | $33.8M | $144.8M | ||
| Q1 25 | $16.2M | $147.0M | ||
| Q4 24 | $57.3M | $159.7M | ||
| Q3 24 | $33.6M | $127.2M | ||
| Q2 24 | $35.0M | $122.2M | ||
| Q1 24 | $43.7M | $131.9M |
| 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 | $1.7B | ||
| Q3 25 | $423.1M | $1.7B | ||
| Q2 25 | $432.1M | $1.8B | ||
| Q1 25 | $419.9M | $1.9B | ||
| Q4 24 | $436.1M | $2.2B | ||
| Q3 24 | $444.5M | $2.3B | ||
| Q2 24 | $441.5M | $2.4B | ||
| Q1 24 | $408.9M | $2.5B |
| Q4 25 | $800.4M | $4.3B | ||
| Q3 25 | $816.3M | $4.8B | ||
| Q2 25 | $874.7M | $5.0B | ||
| Q1 25 | $852.8M | $5.8B | ||
| Q4 24 | $841.6M | $7.0B | ||
| Q3 24 | $843.6M | $7.3B | ||
| Q2 24 | $882.9M | $7.6B | ||
| Q1 24 | $867.8M | $8.0B |
| 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 | $222.8M |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 9.65× | 4.62× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $222.8M | ||
| Q3 25 | $74.4M | $56.0M | ||
| Q2 25 | $68.4M | $52.0M | ||
| Q1 25 | $-37.7M | $59.2M | ||
| Q4 24 | $56.4M | $299.5M | ||
| Q3 24 | $86.4M | $62.1M | ||
| Q2 24 | $56.2M | $70.4M | ||
| Q1 24 | $-27.9M | $92.2M |
| Q4 25 | $47.9M | — | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $51.7M | — | ||
| Q1 25 | $-51.0M | — | ||
| Q4 24 | $41.3M | — | ||
| Q3 24 | $67.3M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $-40.2M | — |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | -25.4% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | -19.8% | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 9.65× | 4.62× | ||
| 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% |
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
