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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Piedmont Realty Trust, Inc. (PDM). 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 $143.3M, roughly 1.2× Piedmont Realty Trust, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -31.4%, a 35.0% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 0.4%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (0.0% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
DFIN vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $143.3M |
| Net Profit | $6.2M | $-45.0M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | — |
| Net Margin | 3.6% | -31.4% |
| Revenue YoY | 10.4% | 0.4% |
| Net Profit YoY | -1.6% | -27.9% |
| EPS (diluted) | $0.31 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $172.5M | $142.9M | ||
| Q3 25 | $175.3M | $139.2M | ||
| Q2 25 | $218.1M | $140.3M | ||
| Q1 25 | $201.1M | $142.7M | ||
| Q4 24 | $156.3M | $143.2M | ||
| Q3 24 | $179.5M | $139.3M | ||
| Q2 24 | $242.7M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $6.2M | $-43.2M | ||
| Q3 25 | $-40.9M | $-13.5M | ||
| Q2 25 | $36.1M | $-16.8M | ||
| Q1 25 | $31.0M | $-10.1M | ||
| Q4 24 | $6.3M | $-30.0M | ||
| Q3 24 | $8.7M | $-11.5M | ||
| Q2 24 | $44.1M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 26.6% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 3.6% | -30.3% | ||
| Q3 25 | -23.3% | -9.7% | ||
| Q2 25 | 16.6% | -12.0% | ||
| Q1 25 | 15.4% | -7.1% | ||
| Q4 24 | 4.0% | -20.9% | ||
| Q3 24 | 4.8% | -8.3% | ||
| Q2 24 | 18.2% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.31 | $-0.34 | ||
| Q3 25 | $-1.49 | $-0.11 | ||
| Q2 25 | $1.28 | $-0.14 | ||
| Q1 25 | $1.05 | $-0.08 | ||
| Q4 24 | $0.21 | $-0.25 | ||
| Q3 24 | $0.29 | $-0.09 | ||
| Q2 24 | $1.47 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $1.5B |
| Total Assets | $800.4M | $4.0B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $24.5M | $731.0K | ||
| Q3 25 | $22.7M | $3.0M | ||
| Q2 25 | $33.8M | $3.3M | ||
| Q1 25 | $16.2M | $2.9M | ||
| Q4 24 | $57.3M | $109.6M | ||
| Q3 24 | $33.6M | $133.6M | ||
| Q2 24 | $35.0M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $171.3M | $2.2B | ||
| Q3 25 | $154.7M | $2.2B | ||
| Q2 25 | $190.1M | $2.2B | ||
| Q1 25 | $189.5M | $2.2B | ||
| Q4 24 | $124.7M | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $379.2M | $1.5B | ||
| Q3 25 | $423.1M | $1.5B | ||
| Q2 25 | $432.1M | $1.5B | ||
| 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 26 | — | $4.0B | ||
| Q4 25 | $800.4M | $4.0B | ||
| Q3 25 | $816.3M | $4.0B | ||
| Q2 25 | $874.7M | $4.0B | ||
| Q1 25 | $852.8M | $4.0B | ||
| Q4 24 | $841.6M | $4.1B | ||
| Q3 24 | $843.6M | $4.1B | ||
| Q2 24 | $882.9M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 1.49× | ||
| Q3 25 | 0.37× | 1.43× | ||
| Q2 25 | 0.44× | 1.41× | ||
| Q1 25 | 0.45× | 1.40× | ||
| Q4 24 | 0.29× | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | 110.3% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $59.8M | $140.6M | ||
| Q3 25 | $74.4M | $35.8M | ||
| Q2 25 | $68.4M | $50.1M | ||
| Q1 25 | $-37.7M | $3.7M | ||
| Q4 24 | $56.4M | $198.1M | ||
| Q3 24 | $86.4M | $42.9M | ||
| Q2 24 | $56.2M | $66.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | 110.3% | ||
| 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 26 | — | — | ||
| 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× | — |
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% |
PDM
Segment breakdown not available.
