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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $172.5M, roughly 1.3× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -4.3%, a 7.9% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% 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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
DFIN vs GOGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $230.6M |
| Net Profit | $6.2M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 6.2% |
| Net Margin | 3.6% | -4.3% |
| Revenue YoY | 10.4% | 67.3% |
| Net Profit YoY | -1.6% | 64.6% |
| EPS (diluted) | $0.31 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $175.3M | $223.6M | ||
| Q2 25 | $218.1M | $226.0M | ||
| Q1 25 | $201.1M | $230.3M | ||
| Q4 24 | $156.3M | $137.8M | ||
| Q3 24 | $179.5M | $100.5M | ||
| Q2 24 | $242.7M | $102.1M | ||
| Q1 24 | $203.4M | $104.3M |
| Q4 25 | $6.2M | $-10.0M | ||
| Q3 25 | $-40.9M | $-1.9M | ||
| Q2 25 | $36.1M | $12.8M | ||
| Q1 25 | $31.0M | $12.0M | ||
| Q4 24 | $6.3M | $-28.2M | ||
| Q3 24 | $8.7M | $10.6M | ||
| Q2 24 | $44.1M | $839.0K | ||
| Q1 24 | $33.3M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 8.3% | 6.2% | ||
| Q3 25 | 16.1% | 12.9% | ||
| Q2 25 | 24.2% | 15.9% | ||
| Q1 25 | 22.8% | 15.3% | ||
| Q4 24 | 6.0% | -17.5% | ||
| Q3 24 | 10.1% | 19.0% | ||
| Q2 24 | 26.6% | 21.2% | ||
| Q1 24 | 21.9% | 33.2% |
| Q4 25 | 3.6% | -4.3% | ||
| Q3 25 | -23.3% | -0.9% | ||
| Q2 25 | 16.6% | 5.7% | ||
| Q1 25 | 15.4% | 5.2% | ||
| Q4 24 | 4.0% | -20.5% | ||
| Q3 24 | 4.8% | 10.6% | ||
| Q2 24 | 18.2% | 0.8% | ||
| Q1 24 | 16.4% | 29.2% |
| Q4 25 | $0.31 | $-0.08 | ||
| Q3 25 | $-1.49 | $-0.01 | ||
| Q2 25 | $1.28 | $0.09 | ||
| Q1 25 | $1.05 | $0.09 | ||
| Q4 24 | $0.21 | $-0.22 | ||
| Q3 24 | $0.29 | $0.08 | ||
| Q2 24 | $1.47 | $0.01 | ||
| Q1 24 | $1.09 | $0.23 |
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 | $125.2M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $101.1M |
| Total Assets | $800.4M | $1.3B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $125.2M | ||
| Q3 25 | $22.7M | $133.6M | ||
| Q2 25 | $33.8M | $102.1M | ||
| Q1 25 | $16.2M | $70.3M | ||
| Q4 24 | $57.3M | $41.8M | ||
| Q3 24 | $33.6M | $176.7M | ||
| Q2 24 | $35.0M | $161.6M | ||
| Q1 24 | $43.7M | $152.8M |
| 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 | $101.1M | ||
| Q3 25 | $423.1M | $107.0M | ||
| Q2 25 | $432.1M | $102.8M | ||
| Q1 25 | $419.9M | $82.9M | ||
| Q4 24 | $436.1M | $69.3M | ||
| Q3 24 | $444.5M | $52.7M | ||
| Q2 24 | $441.5M | $52.0M | ||
| Q1 24 | $408.9M | $62.4M |
| Q4 25 | $800.4M | $1.3B | ||
| Q3 25 | $816.3M | $1.3B | ||
| Q2 25 | $874.7M | $1.3B | ||
| Q1 25 | $852.8M | $1.2B | ||
| Q4 24 | $841.6M | $1.2B | ||
| Q3 24 | $843.6M | $810.7M | ||
| Q2 24 | $882.9M | $802.7M | ||
| Q1 24 | $867.8M | $809.0M |
| 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 | $8.5M |
| Free Cash FlowOCF − Capex | $47.9M | $-25.4M |
| FCF MarginFCF / Revenue | 27.8% | -11.0% |
| Capex IntensityCapex / Revenue | 6.9% | 14.7% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $8.5M | ||
| Q3 25 | $74.4M | $46.8M | ||
| Q2 25 | $68.4M | $36.7M | ||
| Q1 25 | $-37.7M | $32.5M | ||
| Q4 24 | $56.4M | $-38.3M | ||
| Q3 24 | $86.4M | $25.1M | ||
| Q2 24 | $56.2M | $24.9M | ||
| Q1 24 | $-27.9M | $29.7M |
| Q4 25 | $47.9M | $-25.4M | ||
| Q3 25 | $59.2M | $27.3M | ||
| Q2 25 | $51.7M | $33.5M | ||
| Q1 25 | $-51.0M | $29.7M | ||
| Q4 24 | $41.3M | $-42.6M | ||
| Q3 24 | $67.3M | $20.7M | ||
| Q2 24 | $36.8M | $21.6M | ||
| Q1 24 | $-40.2M | $28.2M |
| Q4 25 | 27.8% | -11.0% | ||
| Q3 25 | 33.8% | 12.2% | ||
| Q2 25 | 23.7% | 14.8% | ||
| Q1 25 | -25.4% | 12.9% | ||
| Q4 24 | 26.4% | -30.9% | ||
| Q3 24 | 37.5% | 20.6% | ||
| Q2 24 | 15.2% | 21.1% | ||
| Q1 24 | -19.8% | 27.0% |
| Q4 25 | 6.9% | 14.7% | ||
| Q3 25 | 8.7% | 8.7% | ||
| Q2 25 | 7.7% | 1.4% | ||
| Q1 25 | 6.6% | 1.2% | ||
| Q4 24 | 9.7% | 3.1% | ||
| Q3 24 | 10.6% | 4.4% | ||
| Q2 24 | 8.0% | 3.3% | ||
| Q1 24 | 6.0% | 1.4% |
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.89× | 2.87× | ||
| Q1 25 | -1.22× | 2.70× | ||
| Q4 24 | 8.95× | — | ||
| Q3 24 | 9.93× | 2.36× | ||
| Q2 24 | 1.27× | 29.74× | ||
| Q1 24 | -0.84× | 0.97× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
