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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Harmony Biosciences Holdings, Inc. (HRMY). Click either name above to swap in a different company.

Harmony Biosciences Holdings, Inc. is the larger business by last-quarter revenue ($243.8M vs $172.5M, roughly 1.4× Donnelley Financial Solutions, Inc.). Harmony Biosciences Holdings, Inc. runs the higher net margin — 9.2% vs 3.6%, a 5.6% gap on every dollar of revenue. On growth, Harmony Biosciences Holdings, Inc. posted the faster year-over-year revenue change (21.1% vs 10.4%). Harmony Biosciences Holdings, Inc. produced more free cash flow last quarter ($126.0M vs $47.9M). Over the past eight quarters, Harmony Biosciences Holdings, Inc.'s revenue compounded faster (25.6% 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.

Harmony Biosciences Holdings, Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for rare neurological and central nervous system disorders. Its primary market is the United States, with its core product serving patients living with narcolepsy and other sleep-related CNS conditions across adult and pediatric segments.

DFIN vs HRMY — Head-to-Head

Bigger by revenue
HRMY
HRMY
1.4× larger
HRMY
$243.8M
$172.5M
DFIN
Growing faster (revenue YoY)
HRMY
HRMY
+10.8% gap
HRMY
21.1%
10.4%
DFIN
Higher net margin
HRMY
HRMY
5.6% more per $
HRMY
9.2%
3.6%
DFIN
More free cash flow
HRMY
HRMY
$78.1M more FCF
HRMY
$126.0M
$47.9M
DFIN
Faster 2-yr revenue CAGR
HRMY
HRMY
Annualised
HRMY
25.6%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFIN
DFIN
HRMY
HRMY
Revenue
$172.5M
$243.8M
Net Profit
$6.2M
$22.5M
Gross Margin
71.9%
Operating Margin
8.3%
15.8%
Net Margin
3.6%
9.2%
Revenue YoY
10.4%
21.1%
Net Profit YoY
-1.6%
-54.6%
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
HRMY
HRMY
Q4 25
$172.5M
$243.8M
Q3 25
$175.3M
$239.5M
Q2 25
$218.1M
$200.5M
Q1 25
$201.1M
$184.7M
Q4 24
$156.3M
$201.3M
Q3 24
$179.5M
$186.0M
Q2 24
$242.7M
$172.8M
Q1 24
$203.4M
$154.6M
Net Profit
DFIN
DFIN
HRMY
HRMY
Q4 25
$6.2M
$22.5M
Q3 25
$-40.9M
$50.9M
Q2 25
$36.1M
$39.8M
Q1 25
$31.0M
$45.6M
Q4 24
$6.3M
$49.5M
Q3 24
$8.7M
$46.1M
Q2 24
$44.1M
$11.6M
Q1 24
$33.3M
$38.3M
Gross Margin
DFIN
DFIN
HRMY
HRMY
Q4 25
71.9%
Q3 25
75.1%
Q2 25
81.0%
Q1 25
82.7%
Q4 24
73.0%
Q3 24
77.0%
Q2 24
81.4%
Q1 24
82.2%
Operating Margin
DFIN
DFIN
HRMY
HRMY
Q4 25
8.3%
15.8%
Q3 25
16.1%
27.3%
Q2 25
24.2%
24.0%
Q1 25
22.8%
30.4%
Q4 24
6.0%
27.7%
Q3 24
10.1%
33.2%
Q2 24
26.6%
12.4%
Q1 24
21.9%
33.7%
Net Margin
DFIN
DFIN
HRMY
HRMY
Q4 25
3.6%
9.2%
Q3 25
-23.3%
21.2%
Q2 25
16.6%
19.8%
Q1 25
15.4%
24.7%
Q4 24
4.0%
24.6%
Q3 24
4.8%
24.8%
Q2 24
18.2%
6.7%
Q1 24
16.4%
24.8%
EPS (diluted)
DFIN
DFIN
HRMY
HRMY
Q4 25
$0.31
$0.38
Q3 25
$-1.49
$0.87
Q2 25
$1.28
$0.68
Q1 25
$1.05
$0.78
Q4 24
$0.21
$0.85
Q3 24
$0.29
$0.79
Q2 24
$1.47
$0.20
Q1 24
$1.09
$0.67

Balance Sheet & Financial Strength

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

Metric
DFIN
DFIN
HRMY
HRMY
Cash + ST InvestmentsLiquidity on hand
$24.5M
$775.3M
Total DebtLower is stronger
$171.3M
$163.7M
Stockholders' EquityBook value
$379.2M
$870.2M
Total Assets
$800.4M
$1.3B
Debt / EquityLower = less leverage
0.45×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFIN
DFIN
HRMY
HRMY
Q4 25
$24.5M
$775.3M
Q3 25
$22.7M
$672.6M
Q2 25
$33.8M
$565.3M
Q1 25
$16.2M
$507.0M
Q4 24
$57.3M
$467.2M
Q3 24
$33.6M
$410.5M
Q2 24
$35.0M
$346.9M
Q1 24
$43.7M
$372.4M
Total Debt
DFIN
DFIN
HRMY
HRMY
Q4 25
$171.3M
$163.7M
Q3 25
$154.7M
$168.5M
Q2 25
$190.1M
$172.1M
Q1 25
$189.5M
$175.7M
Q4 24
$124.7M
$179.3M
Q3 24
$182.8M
Q2 24
$186.4M
Q1 24
$190.0M
Stockholders' Equity
DFIN
DFIN
HRMY
HRMY
Q4 25
$379.2M
$870.2M
Q3 25
$423.1M
$835.1M
Q2 25
$432.1M
$773.1M
Q1 25
$419.9M
$720.5M
Q4 24
$436.1M
$659.2M
Q3 24
$444.5M
$596.8M
Q2 24
$441.5M
$538.6M
Q1 24
$408.9M
$515.4M
Total Assets
DFIN
DFIN
HRMY
HRMY
Q4 25
$800.4M
$1.3B
Q3 25
$816.3M
$1.2B
Q2 25
$874.7M
$1.1B
Q1 25
$852.8M
$1.1B
Q4 24
$841.6M
$999.2M
Q3 24
$843.6M
$928.1M
Q2 24
$882.9M
$858.4M
Q1 24
$867.8M
$847.0M
Debt / Equity
DFIN
DFIN
HRMY
HRMY
Q4 25
0.45×
0.19×
Q3 25
0.37×
0.20×
Q2 25
0.44×
0.22×
Q1 25
0.45×
0.24×
Q4 24
0.29×
0.27×
Q3 24
0.31×
Q2 24
0.35×
Q1 24
0.37×

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
HRMY
HRMY
Operating Cash FlowLast quarter
$59.8M
$126.2M
Free Cash FlowOCF − Capex
$47.9M
$126.0M
FCF MarginFCF / Revenue
27.8%
51.7%
Capex IntensityCapex / Revenue
6.9%
0.0%
Cash ConversionOCF / Net Profit
9.65×
5.61×
TTM Free Cash FlowTrailing 4 quarters
$107.8M
$347.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFIN
DFIN
HRMY
HRMY
Q4 25
$59.8M
$126.2M
Q3 25
$74.4M
$108.7M
Q2 25
$68.4M
$79.3M
Q1 25
$-37.7M
$34.0M
Q4 24
$56.4M
$75.6M
Q3 24
$86.4M
$70.5M
Q2 24
$56.2M
$42.6M
Q1 24
$-27.9M
$31.1M
Free Cash Flow
DFIN
DFIN
HRMY
HRMY
Q4 25
$47.9M
$126.0M
Q3 25
$59.2M
$108.7M
Q2 25
$51.7M
$79.3M
Q1 25
$-51.0M
$33.9M
Q4 24
$41.3M
$75.0M
Q3 24
$67.3M
$70.5M
Q2 24
$36.8M
$42.0M
Q1 24
$-40.2M
$31.1M
FCF Margin
DFIN
DFIN
HRMY
HRMY
Q4 25
27.8%
51.7%
Q3 25
33.8%
45.4%
Q2 25
23.7%
39.6%
Q1 25
-25.4%
18.3%
Q4 24
26.4%
37.3%
Q3 24
37.5%
37.9%
Q2 24
15.2%
24.3%
Q1 24
-19.8%
20.1%
Capex Intensity
DFIN
DFIN
HRMY
HRMY
Q4 25
6.9%
0.0%
Q3 25
8.7%
0.0%
Q2 25
7.7%
0.0%
Q1 25
6.6%
0.1%
Q4 24
9.7%
0.3%
Q3 24
10.6%
0.0%
Q2 24
8.0%
0.4%
Q1 24
6.0%
0.0%
Cash Conversion
DFIN
DFIN
HRMY
HRMY
Q4 25
9.65×
5.61×
Q3 25
2.14×
Q2 25
1.89×
1.99×
Q1 25
-1.22×
0.75×
Q4 24
8.95×
1.53×
Q3 24
9.93×
1.53×
Q2 24
1.27×
3.68×
Q1 24
-0.84×
0.81×

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%

HRMY
HRMY

Segment breakdown not available.

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