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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $172.5M, roughly 1.2× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs 2.7%, a 0.9% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% 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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
DFIN vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $208.9M |
| Net Profit | $6.2M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | 8.3% | 1.1% |
| Net Margin | 3.6% | 2.7% |
| Revenue YoY | 10.4% | 27.1% |
| Net Profit YoY | -1.6% | 518.5% |
| EPS (diluted) | $0.31 | $0.18 |
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 | $208.9M | ||
| Q3 25 | $175.3M | $192.9M | ||
| Q2 25 | $218.1M | $186.7M | ||
| Q1 25 | $201.1M | $158.7M | ||
| Q4 24 | $156.3M | $164.3M | ||
| Q3 24 | $179.5M | $147.5M | ||
| Q2 24 | $242.7M | $148.0M | ||
| Q1 24 | $203.4M | $131.9M |
| Q4 25 | $6.2M | $5.6M | ||
| Q3 25 | $-40.9M | $-5.2M | ||
| Q2 25 | $36.1M | $-14.2M | ||
| Q1 25 | $31.0M | $-30.7M | ||
| Q4 24 | $6.3M | $-1.3M | ||
| Q3 24 | $8.7M | $-46.2M | ||
| Q2 24 | $44.1M | $-20.1M | ||
| Q1 24 | $33.3M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | 8.3% | 1.1% | ||
| Q3 25 | 16.1% | -4.4% | ||
| Q2 25 | 24.2% | -10.0% | ||
| Q1 25 | 22.8% | -20.5% | ||
| Q4 24 | 6.0% | -2.5% | ||
| Q3 24 | 10.1% | -34.1% | ||
| Q2 24 | 26.6% | -15.5% | ||
| Q1 24 | 21.9% | -28.9% |
| Q4 25 | 3.6% | 2.7% | ||
| Q3 25 | -23.3% | -2.7% | ||
| Q2 25 | 16.6% | -7.6% | ||
| Q1 25 | 15.4% | -19.3% | ||
| Q4 24 | 4.0% | -0.8% | ||
| Q3 24 | 4.8% | -31.3% | ||
| Q2 24 | 18.2% | -13.6% | ||
| Q1 24 | 16.4% | -34.6% |
| Q4 25 | $0.31 | $0.18 | ||
| Q3 25 | $-1.49 | $-0.16 | ||
| Q2 25 | $1.28 | $-0.44 | ||
| Q1 25 | $1.05 | $-0.97 | ||
| Q4 24 | $0.21 | $-0.03 | ||
| Q3 24 | $0.29 | $-1.48 | ||
| Q2 24 | $1.47 | $-0.65 | ||
| Q1 24 | $1.09 | $-1.47 |
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 | $583.8M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $152.7M |
| Total Assets | $800.4M | $1.0B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $583.8M | ||
| Q3 25 | $22.7M | $565.2M | ||
| Q2 25 | $33.8M | $545.5M | ||
| Q1 25 | $16.2M | $520.6M | ||
| Q4 24 | $57.3M | $535.6M | ||
| Q3 24 | $33.6M | $522.0M | ||
| Q2 24 | $35.0M | $561.5M | ||
| Q1 24 | $43.7M | $569.1M |
| 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 | $152.7M | ||
| Q3 25 | $423.1M | $121.9M | ||
| Q2 25 | $432.1M | $103.7M | ||
| Q1 25 | $419.9M | $86.7M | ||
| Q4 24 | $436.1M | $90.9M | ||
| Q3 24 | $444.5M | $71.8M | ||
| Q2 24 | $441.5M | $99.2M | ||
| Q1 24 | $408.9M | $90.3M |
| Q4 25 | $800.4M | $1.0B | ||
| Q3 25 | $816.3M | $995.2M | ||
| Q2 25 | $874.7M | $964.0M | ||
| Q1 25 | $852.8M | $926.1M | ||
| Q4 24 | $841.6M | $931.4M | ||
| Q3 24 | $843.6M | $909.7M | ||
| Q2 24 | $882.9M | $919.2M | ||
| Q1 24 | $867.8M | $909.8M |
| 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 | $26.2M |
| Free Cash FlowOCF − Capex | $47.9M | $14.5M |
| FCF MarginFCF / Revenue | 27.8% | 6.9% |
| Capex IntensityCapex / Revenue | 6.9% | 5.6% |
| Cash ConversionOCF / Net Profit | 9.65× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $26.2M | ||
| Q3 25 | $74.4M | $34.9M | ||
| Q2 25 | $68.4M | $27.7M | ||
| Q1 25 | $-37.7M | $-7.9M | ||
| Q4 24 | $56.4M | $19.2M | ||
| Q3 24 | $86.4M | $24.3M | ||
| Q2 24 | $56.2M | $11.8M | ||
| Q1 24 | $-27.9M | $-52.0M |
| Q4 25 | $47.9M | $14.5M | ||
| Q3 25 | $59.2M | $20.1M | ||
| Q2 25 | $51.7M | $17.3M | ||
| Q1 25 | $-51.0M | $-17.3M | ||
| Q4 24 | $41.3M | $12.4M | ||
| Q3 24 | $67.3M | $15.5M | ||
| Q2 24 | $36.8M | $3.4M | ||
| Q1 24 | $-40.2M | $-61.8M |
| Q4 25 | 27.8% | 6.9% | ||
| Q3 25 | 33.8% | 10.4% | ||
| Q2 25 | 23.7% | 9.3% | ||
| Q1 25 | -25.4% | -10.9% | ||
| Q4 24 | 26.4% | 7.5% | ||
| Q3 24 | 37.5% | 10.5% | ||
| Q2 24 | 15.2% | 2.3% | ||
| Q1 24 | -19.8% | -46.8% |
| Q4 25 | 6.9% | 5.6% | ||
| Q3 25 | 8.7% | 7.7% | ||
| Q2 25 | 7.7% | 5.6% | ||
| Q1 25 | 6.6% | 5.9% | ||
| Q4 24 | 9.7% | 4.2% | ||
| Q3 24 | 10.6% | 6.0% | ||
| Q2 24 | 8.0% | 5.7% | ||
| Q1 24 | 6.0% | 7.4% |
| Q4 25 | 9.65× | 4.70× | ||
| 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% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
