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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Kennedy-Wilson Holdings, Inc. (KW). 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 $120.6M, roughly 1.4× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 3.6%, a 44.5% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -11.0%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-55.2M). Over the past eight quarters, Kennedy-Wilson Holdings, Inc.'s revenue compounded faster (-6.0% 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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
DFIN vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $120.6M |
| Net Profit | $6.2M | $58.0M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 57.3% |
| Net Margin | 3.6% | 48.1% |
| Revenue YoY | 10.4% | -11.0% |
| Net Profit YoY | -1.6% | 32.7% |
| EPS (diluted) | $0.31 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $175.3M | $116.4M | ||
| Q2 25 | $218.1M | $135.7M | ||
| Q1 25 | $201.1M | $128.3M | ||
| Q4 24 | $156.3M | $135.5M | ||
| Q3 24 | $179.5M | $127.5M | ||
| Q2 24 | $242.7M | $132.0M | ||
| Q1 24 | $203.4M | $136.4M |
| Q4 25 | $6.2M | $58.0M | ||
| Q3 25 | $-40.9M | $-10.2M | ||
| Q2 25 | $36.1M | $5.6M | ||
| Q1 25 | $31.0M | $-29.6M | ||
| Q4 24 | $6.3M | $43.7M | ||
| Q3 24 | $8.7M | $-66.8M | ||
| Q2 24 | $44.1M | $-48.3M | ||
| Q1 24 | $33.3M | $37.7M |
| Q4 25 | 8.3% | 57.3% | ||
| Q3 25 | 16.1% | -6.2% | ||
| Q2 25 | 24.2% | 7.4% | ||
| Q1 25 | 22.8% | -26.9% | ||
| Q4 24 | 6.0% | 36.7% | ||
| Q3 24 | 10.1% | -60.8% | ||
| Q2 24 | 26.6% | -45.5% | ||
| Q1 24 | 21.9% | 47.2% |
| Q4 25 | 3.6% | 48.1% | ||
| Q3 25 | -23.3% | -8.8% | ||
| Q2 25 | 16.6% | 4.1% | ||
| Q1 25 | 15.4% | -23.1% | ||
| Q4 24 | 4.0% | 32.3% | ||
| Q3 24 | 4.8% | -52.4% | ||
| Q2 24 | 18.2% | -36.6% | ||
| Q1 24 | 16.4% | 27.6% |
| Q4 25 | $0.31 | $0.22 | ||
| Q3 25 | $-1.49 | $-0.15 | ||
| Q2 25 | $1.28 | $-0.05 | ||
| Q1 25 | $1.05 | $-0.30 | ||
| Q4 24 | $0.21 | $0.24 | ||
| Q3 24 | $0.29 | $-0.56 | ||
| Q2 24 | $1.47 | $-0.43 | ||
| Q1 24 | $1.09 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $1.5B |
| Total Assets | $800.4M | $6.6B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $184.5M | ||
| Q3 25 | $22.7M | $382.6M | ||
| Q2 25 | $33.8M | $309.1M | ||
| Q1 25 | $16.2M | $356.6M | ||
| Q4 24 | $57.3M | $217.5M | ||
| Q3 24 | $33.6M | $367.1M | ||
| Q2 24 | $35.0M | $366.5M | ||
| Q1 24 | $43.7M | $541.9M |
| 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 | $1.5B | ||
| Q3 25 | $423.1M | $1.5B | ||
| Q2 25 | $432.1M | $1.6B | ||
| Q1 25 | $419.9M | $1.6B | ||
| Q4 24 | $436.1M | $1.6B | ||
| Q3 24 | $444.5M | $1.6B | ||
| Q2 24 | $441.5M | $1.7B | ||
| Q1 24 | $408.9M | $1.7B |
| Q4 25 | $800.4M | $6.6B | ||
| Q3 25 | $816.3M | $6.7B | ||
| Q2 25 | $874.7M | $6.8B | ||
| Q1 25 | $852.8M | $7.2B | ||
| Q4 24 | $841.6M | $7.0B | ||
| Q3 24 | $843.6M | $7.4B | ||
| Q2 24 | $882.9M | $7.5B | ||
| Q1 24 | $867.8M | $7.7B |
| 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 | $11.4M |
| Free Cash FlowOCF − Capex | $47.9M | $-55.2M |
| FCF MarginFCF / Revenue | 27.8% | -45.8% |
| Capex IntensityCapex / Revenue | 6.9% | 55.2% |
| Cash ConversionOCF / Net Profit | 9.65× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $11.4M | ||
| Q3 25 | $74.4M | $-7.6M | ||
| Q2 25 | $68.4M | $42.0M | ||
| Q1 25 | $-37.7M | $-51.9M | ||
| Q4 24 | $56.4M | $55.1M | ||
| Q3 24 | $86.4M | $-5.6M | ||
| Q2 24 | $56.2M | $36.7M | ||
| Q1 24 | $-27.9M | $-5.6M |
| Q4 25 | $47.9M | $-55.2M | ||
| Q3 25 | $59.2M | $-18.0M | ||
| Q2 25 | $51.7M | $29.4M | ||
| Q1 25 | $-51.0M | $-59.7M | ||
| Q4 24 | $41.3M | $-76.5M | ||
| Q3 24 | $67.3M | $-27.7M | ||
| Q2 24 | $36.8M | $-500.0K | ||
| Q1 24 | $-40.2M | $-57.1M |
| Q4 25 | 27.8% | -45.8% | ||
| Q3 25 | 33.8% | -15.5% | ||
| Q2 25 | 23.7% | 21.7% | ||
| Q1 25 | -25.4% | -46.5% | ||
| Q4 24 | 26.4% | -56.5% | ||
| Q3 24 | 37.5% | -21.7% | ||
| Q2 24 | 15.2% | -0.4% | ||
| Q1 24 | -19.8% | -41.9% |
| Q4 25 | 6.9% | 55.2% | ||
| Q3 25 | 8.7% | 8.9% | ||
| Q2 25 | 7.7% | 9.3% | ||
| Q1 25 | 6.6% | 6.1% | ||
| Q4 24 | 9.7% | 97.1% | ||
| Q3 24 | 10.6% | 17.3% | ||
| Q2 24 | 8.0% | 28.2% | ||
| Q1 24 | 6.0% | 37.8% |
| Q4 25 | 9.65× | 0.20× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.89× | 7.50× | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | 1.26× | ||
| Q3 24 | 9.93× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | -0.84× | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
