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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and HIVE Digital Technologies Ltd. (HIVE). 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 $93.1M, roughly 1.9× HIVE Digital Technologies Ltd.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -98.1%, a 101.7% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 10.4%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% 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.

Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.

DFIN vs HIVE — Head-to-Head

Bigger by revenue
DFIN
DFIN
1.9× larger
DFIN
$172.5M
$93.1M
HIVE
Growing faster (revenue YoY)
HIVE
HIVE
+208.2% gap
HIVE
218.6%
10.4%
DFIN
Higher net margin
DFIN
DFIN
101.7% more per $
DFIN
3.6%
-98.1%
HIVE
Faster 2-yr revenue CAGR
HIVE
HIVE
Annualised
HIVE
102.2%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DFIN
DFIN
HIVE
HIVE
Revenue
$172.5M
$93.1M
Net Profit
$6.2M
$-91.3M
Gross Margin
-27.1%
Operating Margin
8.3%
Net Margin
3.6%
-98.1%
Revenue YoY
10.4%
218.6%
Net Profit YoY
-1.6%
-234.0%
EPS (diluted)
$0.31
$-0.38

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.

Revenue
DFIN
DFIN
HIVE
HIVE
Q4 25
$172.5M
$93.1M
Q3 25
$175.3M
$87.3M
Q2 25
$218.1M
$45.6M
Q1 25
$201.1M
Q4 24
$156.3M
$29.2M
Q3 24
$179.5M
$22.6M
Q2 24
$242.7M
$32.2M
Q1 24
$203.4M
Net Profit
DFIN
DFIN
HIVE
HIVE
Q4 25
$6.2M
$-91.3M
Q3 25
$-40.9M
$-15.8M
Q2 25
$36.1M
$35.0M
Q1 25
$31.0M
Q4 24
$6.3M
$68.2M
Q3 24
$8.7M
$80.0K
Q2 24
$44.1M
$-18.3M
Q1 24
$33.3M
Gross Margin
DFIN
DFIN
HIVE
HIVE
Q4 25
-27.1%
Q3 25
4.7%
Q2 25
-13.6%
Q1 25
Q4 24
-43.7%
Q3 24
-66.1%
Q2 24
-7.4%
Q1 24
Operating Margin
DFIN
DFIN
HIVE
HIVE
Q4 25
8.3%
Q3 25
16.1%
Q2 25
24.2%
Q1 25
22.8%
Q4 24
6.0%
Q3 24
10.1%
Q2 24
26.6%
Q1 24
21.9%
Net Margin
DFIN
DFIN
HIVE
HIVE
Q4 25
3.6%
-98.1%
Q3 25
-23.3%
-18.1%
Q2 25
16.6%
76.8%
Q1 25
15.4%
Q4 24
4.0%
233.2%
Q3 24
4.8%
0.4%
Q2 24
18.2%
-56.7%
Q1 24
16.4%
EPS (diluted)
DFIN
DFIN
HIVE
HIVE
Q4 25
$0.31
$-0.38
Q3 25
$-1.49
$-0.07
Q2 25
$1.28
$0.18
Q1 25
$1.05
Q4 24
$0.21
$0.52
Q3 24
$0.29
$0.00
Q2 24
$1.47
$-0.17
Q1 24
$1.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DFIN
DFIN
HIVE
HIVE
Cash + ST InvestmentsLiquidity on hand
$24.5M
Total DebtLower is stronger
$171.3M
Stockholders' EquityBook value
$379.2M
$559.3M
Total Assets
$800.4M
$624.0M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFIN
DFIN
HIVE
HIVE
Q4 25
$24.5M
Q3 25
$22.7M
Q2 25
$33.8M
Q1 25
$16.2M
Q4 24
$57.3M
$40.5M
Q3 24
$33.6M
$31.7M
Q2 24
$35.0M
Q1 24
$43.7M
Total Debt
DFIN
DFIN
HIVE
HIVE
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
Stockholders' Equity
DFIN
DFIN
HIVE
HIVE
Q4 25
$379.2M
$559.3M
Q3 25
$423.1M
$624.6M
Q2 25
$432.1M
$560.5M
Q1 25
$419.9M
Q4 24
$436.1M
$430.9M
Q3 24
$444.5M
$275.5M
Q2 24
$441.5M
$268.6M
Q1 24
$408.9M
Total Assets
DFIN
DFIN
HIVE
HIVE
Q4 25
$800.4M
$624.0M
Q3 25
$816.3M
$693.0M
Q2 25
$874.7M
$628.7M
Q1 25
$852.8M
Q4 24
$841.6M
$478.6M
Q3 24
$843.6M
$334.7M
Q2 24
$882.9M
Q1 24
$867.8M
Debt / Equity
DFIN
DFIN
HIVE
HIVE
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
DFIN
DFIN
HIVE
HIVE
Operating Cash FlowLast quarter
$59.8M
$46.0M
Free Cash FlowOCF − Capex
$47.9M
FCF MarginFCF / Revenue
27.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
9.65×
TTM Free Cash FlowTrailing 4 quarters
$107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFIN
DFIN
HIVE
HIVE
Q4 25
$59.8M
$46.0M
Q3 25
$74.4M
$-10.6M
Q2 25
$68.4M
$10.2M
Q1 25
$-37.7M
Q4 24
$56.4M
$-28.5M
Q3 24
$86.4M
$-2.2M
Q2 24
$56.2M
$-4.4M
Q1 24
$-27.9M
Free Cash Flow
DFIN
DFIN
HIVE
HIVE
Q4 25
$47.9M
Q3 25
$59.2M
Q2 25
$51.7M
Q1 25
$-51.0M
Q4 24
$41.3M
$-55.5M
Q3 24
$67.3M
$-34.7M
Q2 24
$36.8M
Q1 24
$-40.2M
FCF Margin
DFIN
DFIN
HIVE
HIVE
Q4 25
27.8%
Q3 25
33.8%
Q2 25
23.7%
Q1 25
-25.4%
Q4 24
26.4%
-189.9%
Q3 24
37.5%
-153.4%
Q2 24
15.2%
Q1 24
-19.8%
Capex Intensity
DFIN
DFIN
HIVE
HIVE
Q4 25
6.9%
Q3 25
8.7%
Q2 25
7.7%
Q1 25
6.6%
Q4 24
9.7%
92.5%
Q3 24
10.6%
143.9%
Q2 24
8.0%
Q1 24
6.0%
Cash Conversion
DFIN
DFIN
HIVE
HIVE
Q4 25
9.65×
Q3 25
Q2 25
1.89×
0.29×
Q1 25
-1.22×
Q4 24
8.95×
-0.42×
Q3 24
9.93×
-26.94×
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
DFIN

Technology Service$68.0M39%
Capital Markets Compliance And Communications Management$61.6M36%
Investment Companies Software Solutions$30.9M18%
Print And Distribution Service$13.6M8%

HIVE
HIVE

Segment breakdown not available.

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