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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and NICOLET BANKSHARES INC (NIC). 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 $104.0M, roughly 1.7× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 3.6%, a 35.2% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 10.4%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $47.9M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% 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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
DFIN vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $104.0M |
| Net Profit | $6.2M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 48.3% |
| Net Margin | 3.6% | 38.8% |
| Revenue YoY | 10.4% | 12.5% |
| Net Profit YoY | -1.6% | 16.9% |
| EPS (diluted) | $0.31 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $175.3M | $102.9M | ||
| Q2 25 | $218.1M | $95.7M | ||
| Q1 25 | $201.1M | $89.4M | ||
| Q4 24 | $156.3M | $92.4M | ||
| Q3 24 | $179.5M | $90.7M | ||
| Q2 24 | $242.7M | $85.0M | ||
| Q1 24 | $203.4M | $82.2M |
| Q4 25 | $6.2M | $40.3M | ||
| Q3 25 | $-40.9M | $41.7M | ||
| Q2 25 | $36.1M | $36.0M | ||
| Q1 25 | $31.0M | $32.6M | ||
| Q4 24 | $6.3M | $34.5M | ||
| Q3 24 | $8.7M | $32.5M | ||
| Q2 24 | $44.1M | $29.3M | ||
| Q1 24 | $33.3M | $27.8M |
| Q4 25 | 8.3% | 48.3% | ||
| Q3 25 | 16.1% | 50.4% | ||
| Q2 25 | 24.2% | 46.8% | ||
| Q1 25 | 22.8% | 44.9% | ||
| Q4 24 | 6.0% | 46.8% | ||
| Q3 24 | 10.1% | 45.0% | ||
| Q2 24 | 26.6% | 43.3% | ||
| Q1 24 | 21.9% | 41.8% |
| Q4 25 | 3.6% | 38.8% | ||
| Q3 25 | -23.3% | 40.6% | ||
| Q2 25 | 16.6% | 37.6% | ||
| Q1 25 | 15.4% | 36.4% | ||
| Q4 24 | 4.0% | 37.3% | ||
| Q3 24 | 4.8% | 35.8% | ||
| Q2 24 | 18.2% | 34.5% | ||
| Q1 24 | 16.4% | 33.8% |
| Q4 25 | $0.31 | $2.63 | ||
| Q3 25 | $-1.49 | $2.73 | ||
| Q2 25 | $1.28 | $2.34 | ||
| Q1 25 | $1.05 | $2.08 | ||
| Q4 24 | $0.21 | $2.21 | ||
| Q3 24 | $0.29 | $2.10 | ||
| Q2 24 | $1.47 | $1.92 | ||
| Q1 24 | $1.09 | $1.82 |
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 | — |
| Total DebtLower is stronger | $171.3M | $134.9M |
| Stockholders' EquityBook value | $379.2M | $1.3B |
| Total Assets | $800.4M | $9.2B |
| Debt / EquityLower = less leverage | 0.45× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | — | ||
| Q3 25 | $22.7M | — | ||
| Q2 25 | $33.8M | — | ||
| Q1 25 | $16.2M | — | ||
| Q4 24 | $57.3M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $43.7M | — |
| Q4 25 | $171.3M | $134.9M | ||
| Q3 25 | $154.7M | $134.6M | ||
| Q2 25 | $190.1M | $134.3M | ||
| Q1 25 | $189.5M | $156.6M | ||
| Q4 24 | $124.7M | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $379.2M | $1.3B | ||
| Q3 25 | $423.1M | $1.2B | ||
| Q2 25 | $432.1M | $1.2B | ||
| Q1 25 | $419.9M | $1.2B | ||
| Q4 24 | $436.1M | $1.2B | ||
| Q3 24 | $444.5M | $1.1B | ||
| Q2 24 | $441.5M | $1.1B | ||
| Q1 24 | $408.9M | $1.1B |
| Q4 25 | $800.4M | $9.2B | ||
| Q3 25 | $816.3M | $9.0B | ||
| Q2 25 | $874.7M | $8.9B | ||
| Q1 25 | $852.8M | $9.0B | ||
| Q4 24 | $841.6M | $8.8B | ||
| Q3 24 | $843.6M | $8.6B | ||
| Q2 24 | $882.9M | $8.6B | ||
| Q1 24 | $867.8M | $8.4B |
| Q4 25 | 0.45× | 0.11× | ||
| Q3 25 | 0.37× | 0.11× | ||
| Q2 25 | 0.44× | 0.11× | ||
| Q1 25 | 0.45× | 0.13× | ||
| Q4 24 | 0.29× | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | $47.9M | $149.4M |
| FCF MarginFCF / Revenue | 27.8% | 143.7% |
| Capex IntensityCapex / Revenue | 6.9% | 3.9% |
| Cash ConversionOCF / Net Profit | 9.65× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $153.5M | ||
| Q3 25 | $74.4M | $45.9M | ||
| Q2 25 | $68.4M | $38.9M | ||
| Q1 25 | $-37.7M | $41.8M | ||
| Q4 24 | $56.4M | $133.7M | ||
| Q3 24 | $86.4M | $39.6M | ||
| Q2 24 | $56.2M | $37.3M | ||
| Q1 24 | $-27.9M | $23.4M |
| Q4 25 | $47.9M | $149.4M | ||
| Q3 25 | $59.2M | $45.9M | ||
| Q2 25 | $51.7M | $38.4M | ||
| Q1 25 | $-51.0M | $41.3M | ||
| Q4 24 | $41.3M | $116.8M | ||
| Q3 24 | $67.3M | $34.7M | ||
| Q2 24 | $36.8M | $34.4M | ||
| Q1 24 | $-40.2M | $20.1M |
| Q4 25 | 27.8% | 143.7% | ||
| Q3 25 | 33.8% | 44.6% | ||
| Q2 25 | 23.7% | 40.1% | ||
| Q1 25 | -25.4% | 46.2% | ||
| Q4 24 | 26.4% | 126.4% | ||
| Q3 24 | 37.5% | 38.3% | ||
| Q2 24 | 15.2% | 40.5% | ||
| Q1 24 | -19.8% | 24.4% |
| Q4 25 | 6.9% | 3.9% | ||
| Q3 25 | 8.7% | 0.0% | ||
| Q2 25 | 7.7% | 0.6% | ||
| Q1 25 | 6.6% | 0.5% | ||
| Q4 24 | 9.7% | 18.3% | ||
| Q3 24 | 10.6% | 5.4% | ||
| Q2 24 | 8.0% | 3.5% | ||
| Q1 24 | 6.0% | 4.0% |
| Q4 25 | 9.65× | 3.81× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | 1.89× | 1.08× | ||
| Q1 25 | -1.22× | 1.28× | ||
| Q4 24 | 8.95× | 3.88× | ||
| Q3 24 | 9.93× | 1.22× | ||
| Q2 24 | 1.27× | 1.28× | ||
| Q1 24 | -0.84× | 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% |
NIC
Segment breakdown not available.
