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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Industrial Logistics Properties Trust (ILPT). 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 $113.9M, roughly 1.5× Industrial Logistics Properties Trust). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -1.6%, a 5.2% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 3.1%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $42.0M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% 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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
DFIN vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $113.9M |
| Net Profit | $6.2M | $-1.8M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | -22.1% |
| Net Margin | 3.6% | -1.6% |
| Revenue YoY | 10.4% | 3.1% |
| Net Profit YoY | -1.6% | 92.6% |
| EPS (diluted) | $0.31 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $175.3M | $110.9M | ||
| Q2 25 | $218.1M | $112.1M | ||
| Q1 25 | $201.1M | $111.9M | ||
| Q4 24 | $156.3M | $110.5M | ||
| Q3 24 | $179.5M | $108.9M | ||
| Q2 24 | $242.7M | $110.6M | ||
| Q1 24 | $203.4M | $112.2M |
| Q4 25 | $6.2M | $-1.8M | ||
| Q3 25 | $-40.9M | $-21.6M | ||
| Q2 25 | $36.1M | $-21.3M | ||
| Q1 25 | $31.0M | $-21.5M | ||
| Q4 24 | $6.3M | $-24.1M | ||
| Q3 24 | $8.7M | $-25.0M | ||
| Q2 24 | $44.1M | $-23.2M | ||
| Q1 24 | $33.3M | $-23.4M |
| Q4 25 | 8.3% | -22.1% | ||
| Q3 25 | 16.1% | -29.4% | ||
| Q2 25 | 24.2% | -30.8% | ||
| Q1 25 | 22.8% | -26.9% | ||
| Q4 24 | 6.0% | -31.1% | ||
| Q3 24 | 10.1% | -33.5% | ||
| Q2 24 | 26.6% | -32.4% | ||
| Q1 24 | 21.9% | -31.7% |
| Q4 25 | 3.6% | -1.6% | ||
| Q3 25 | -23.3% | -19.4% | ||
| Q2 25 | 16.6% | -19.0% | ||
| Q1 25 | 15.4% | -19.2% | ||
| Q4 24 | 4.0% | -21.8% | ||
| Q3 24 | 4.8% | -22.9% | ||
| Q2 24 | 18.2% | -20.9% | ||
| Q1 24 | 16.4% | -20.9% |
| Q4 25 | $0.31 | $-0.02 | ||
| Q3 25 | $-1.49 | $-0.33 | ||
| Q2 25 | $1.28 | $-0.32 | ||
| Q1 25 | $1.05 | $-0.33 | ||
| Q4 24 | $0.21 | $-0.37 | ||
| Q3 24 | $0.29 | $-0.38 | ||
| Q2 24 | $1.47 | $-0.35 | ||
| Q1 24 | $1.09 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | $171.3M | $4.2B |
| Stockholders' EquityBook value | $379.2M | $489.7M |
| Total Assets | $800.4M | $5.2B |
| Debt / EquityLower = less leverage | 0.45× | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $94.8M | ||
| Q3 25 | $22.7M | $83.2M | ||
| Q2 25 | $33.8M | $58.6M | ||
| Q1 25 | $16.2M | $108.0M | ||
| Q4 24 | $57.3M | $131.7M | ||
| Q3 24 | $33.6M | $153.9M | ||
| Q2 24 | $35.0M | $146.2M | ||
| Q1 24 | $43.7M | $128.4M |
| Q4 25 | $171.3M | $4.2B | ||
| Q3 25 | $154.7M | $4.2B | ||
| Q2 25 | $190.1M | $4.2B | ||
| Q1 25 | $189.5M | $4.3B | ||
| Q4 24 | $124.7M | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $379.2M | $489.7M | ||
| Q3 25 | $423.1M | $494.1M | ||
| Q2 25 | $432.1M | $519.1M | ||
| Q1 25 | $419.9M | $539.5M | ||
| Q4 24 | $436.1M | $562.0M | ||
| Q3 24 | $444.5M | $585.9M | ||
| Q2 24 | $441.5M | $618.3M | ||
| Q1 24 | $408.9M | $643.2M |
| Q4 25 | $800.4M | $5.2B | ||
| Q3 25 | $816.3M | $5.2B | ||
| Q2 25 | $874.7M | $5.2B | ||
| Q1 25 | $852.8M | $5.4B | ||
| Q4 24 | $841.6M | $5.4B | ||
| Q3 24 | $843.6M | $5.5B | ||
| Q2 24 | $882.9M | $5.5B | ||
| Q1 24 | $867.8M | $5.5B |
| Q4 25 | 0.45× | 8.56× | ||
| Q3 25 | 0.37× | 8.49× | ||
| Q2 25 | 0.44× | 8.09× | ||
| Q1 25 | 0.45× | 7.96× | ||
| Q4 24 | 0.29× | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $47.9M | $42.0M |
| FCF MarginFCF / Revenue | 27.8% | 36.9% |
| Capex IntensityCapex / Revenue | 6.9% | 16.4% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $60.7M | ||
| Q3 25 | $74.4M | $22.7M | ||
| Q2 25 | $68.4M | $18.4M | ||
| Q1 25 | $-37.7M | $11.4M | ||
| Q4 24 | $56.4M | $2.0M | ||
| Q3 24 | $86.4M | $-3.4M | ||
| Q2 24 | $56.2M | $10.8M | ||
| Q1 24 | $-27.9M | $8.0M |
| Q4 25 | $47.9M | $42.0M | ||
| Q3 25 | $59.2M | $17.6M | ||
| Q2 25 | $51.7M | $15.2M | ||
| Q1 25 | $-51.0M | $5.0M | ||
| Q4 24 | $41.3M | $-3.7M | ||
| Q3 24 | $67.3M | $-5.9M | ||
| Q2 24 | $36.8M | $9.4M | ||
| Q1 24 | $-40.2M | $5.9M |
| Q4 25 | 27.8% | 36.9% | ||
| Q3 25 | 33.8% | 15.9% | ||
| Q2 25 | 23.7% | 13.5% | ||
| Q1 25 | -25.4% | 4.5% | ||
| Q4 24 | 26.4% | -3.4% | ||
| Q3 24 | 37.5% | -5.5% | ||
| Q2 24 | 15.2% | 8.5% | ||
| Q1 24 | -19.8% | 5.2% |
| Q4 25 | 6.9% | 16.4% | ||
| Q3 25 | 8.7% | 4.6% | ||
| Q2 25 | 7.7% | 2.9% | ||
| Q1 25 | 6.6% | 5.7% | ||
| Q4 24 | 9.7% | 5.2% | ||
| Q3 24 | 10.6% | 2.3% | ||
| Q2 24 | 8.0% | 1.3% | ||
| Q1 24 | 6.0% | 1.9% |
| Q4 25 | 9.65× | — | ||
| 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% |
ILPT
Segment breakdown not available.
