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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Millrose Properties, Inc. (MRP). Click either name above to swap in a different company.
Millrose Properties, Inc. is the larger business by last-quarter revenue ($189.5M vs $172.5M, roughly 1.1× Donnelley Financial Solutions, Inc.). Millrose Properties, Inc. runs the higher net margin — 64.5% vs 3.6%, a 60.9% gap on every dollar of revenue.
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.
Millrose Properties, Inc. is a U.S.-based real estate enterprise primarily focused on the acquisition, ownership, operation, and management of income-generating multi-family residential assets. Its core markets span the U.S. Mid-Atlantic and Southeast regions, and it also offers professional property management services to select third-party property owners.
DFIN vs MRP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $189.5M |
| Net Profit | $6.2M | $122.2M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 84.8% |
| Net Margin | 3.6% | 64.5% |
| Revenue YoY | 10.4% | — |
| Net Profit YoY | -1.6% | 285.8% |
| EPS (diluted) | $0.31 | $0.74 |
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 | $189.5M | ||
| Q3 25 | $175.3M | $179.3M | ||
| Q2 25 | $218.1M | $149.0M | ||
| Q1 25 | $201.1M | $82.7M | ||
| Q4 24 | $156.3M | — | ||
| Q3 24 | $179.5M | — | ||
| Q2 24 | $242.7M | — | ||
| Q1 24 | $203.4M | — |
| Q4 25 | $6.2M | $122.2M | ||
| Q3 25 | $-40.9M | $105.1M | ||
| Q2 25 | $36.1M | $112.8M | ||
| Q1 25 | $31.0M | $39.8M | ||
| Q4 24 | $6.3M | — | ||
| Q3 24 | $8.7M | — | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $33.3M | — |
| Q4 25 | 8.3% | 84.8% | ||
| Q3 25 | 16.1% | 85.3% | ||
| Q2 25 | 24.2% | 85.1% | ||
| Q1 25 | 22.8% | 55.2% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.6% | — | ||
| Q1 24 | 21.9% | — |
| Q4 25 | 3.6% | 64.5% | ||
| Q3 25 | -23.3% | 58.6% | ||
| Q2 25 | 16.6% | 75.7% | ||
| Q1 25 | 15.4% | 48.1% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 16.4% | — |
| Q4 25 | $0.31 | $0.74 | ||
| Q3 25 | $-1.49 | $0.63 | ||
| Q2 25 | $1.28 | $0.68 | ||
| Q1 25 | $1.05 | $0.39 | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.29 | — | ||
| Q2 24 | $1.47 | — | ||
| Q1 24 | $1.09 | — |
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 | $35.0M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $5.9B |
| Total Assets | $800.4M | $9.3B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $35.0M | ||
| Q3 25 | $22.7M | $242.6M | ||
| Q2 25 | $33.8M | $66.6M | ||
| Q1 25 | $16.2M | $89.5M | ||
| Q4 24 | $57.3M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $43.7M | — |
| 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 | $5.9B | ||
| Q3 25 | $423.1M | $5.9B | ||
| Q2 25 | $432.1M | $5.9B | ||
| Q1 25 | $419.9M | $5.9B | ||
| Q4 24 | $436.1M | — | ||
| Q3 24 | $444.5M | — | ||
| Q2 24 | $441.5M | — | ||
| Q1 24 | $408.9M | — |
| Q4 25 | $800.4M | $9.3B | ||
| Q3 25 | $816.3M | $9.0B | ||
| Q2 25 | $874.7M | $8.0B | ||
| Q1 25 | $852.8M | $7.2B | ||
| Q4 24 | $841.6M | — | ||
| Q3 24 | $843.6M | — | ||
| Q2 24 | $882.9M | — | ||
| Q1 24 | $867.8M | — |
| 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 | $3.7B |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 9.65× | 30.05× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $3.7B | ||
| Q3 25 | $74.4M | $123.1M | ||
| Q2 25 | $68.4M | $109.1M | ||
| Q1 25 | $-37.7M | $21.3M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $86.4M | — | ||
| Q2 24 | $56.2M | — | ||
| Q1 24 | $-27.9M | — |
| Q4 25 | $47.9M | — | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $51.7M | — | ||
| Q1 25 | $-51.0M | — | ||
| Q4 24 | $41.3M | — | ||
| Q3 24 | $67.3M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $-40.2M | — |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 23.7% | — | ||
| Q1 25 | -25.4% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 37.5% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | -19.8% | — |
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 9.65× | 30.05× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 1.89× | 0.97× | ||
| Q1 25 | -1.22× | 0.53× | ||
| 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% |
MRP
Segment breakdown not available.
