vs
Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and PennyMac Mortgage Investment Trust (PMT). 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 $93.6M, roughly 1.8× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 3.6%, a 52.4% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
DFIN vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $93.6M |
| Net Profit | $6.2M | $52.4M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | 38.6% |
| Net Margin | 3.6% | 56.0% |
| Revenue YoY | 10.4% | -13.3% |
| Net Profit YoY | -1.6% | 12.5% |
| EPS (diluted) | $0.31 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $175.3M | $99.2M | ||
| Q2 25 | $218.1M | $70.2M | ||
| Q1 25 | $201.1M | $44.5M | ||
| Q4 24 | $156.3M | $107.9M | ||
| Q3 24 | $179.5M | $80.9M | ||
| Q2 24 | $242.7M | $71.2M | ||
| Q1 24 | $203.4M | $74.2M |
| Q4 25 | $6.2M | $52.4M | ||
| Q3 25 | $-40.9M | $58.3M | ||
| Q2 25 | $36.1M | $7.5M | ||
| Q1 25 | $31.0M | $9.7M | ||
| Q4 24 | $6.3M | $46.5M | ||
| Q3 24 | $8.7M | $41.4M | ||
| Q2 24 | $44.1M | $25.4M | ||
| Q1 24 | $33.3M | $47.6M |
| Q4 25 | 8.3% | 38.6% | ||
| Q3 25 | 16.1% | 47.4% | ||
| Q2 25 | 24.2% | 24.2% | ||
| Q1 25 | 22.8% | -14.2% | ||
| Q4 24 | 6.0% | 51.1% | ||
| Q3 24 | 10.1% | 32.8% | ||
| Q2 24 | 26.6% | 40.2% | ||
| Q1 24 | 21.9% | 43.6% |
| Q4 25 | 3.6% | 56.0% | ||
| Q3 25 | -23.3% | 58.7% | ||
| Q2 25 | 16.6% | 10.7% | ||
| Q1 25 | 15.4% | 21.8% | ||
| Q4 24 | 4.0% | 43.1% | ||
| Q3 24 | 4.8% | 51.2% | ||
| Q2 24 | 18.2% | 35.7% | ||
| Q1 24 | 16.4% | 64.2% |
| Q4 25 | $0.31 | $0.49 | ||
| Q3 25 | $-1.49 | $0.55 | ||
| Q2 25 | $1.28 | $-0.04 | ||
| Q1 25 | $1.05 | $-0.01 | ||
| Q4 24 | $0.21 | $0.45 | ||
| Q3 24 | $0.29 | $0.36 | ||
| Q2 24 | $1.47 | $0.17 | ||
| Q1 24 | $1.09 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | $171.3M | $1.1B |
| Stockholders' EquityBook value | $379.2M | $1.9B |
| Total Assets | $800.4M | $21.3B |
| Debt / EquityLower = less leverage | 0.45× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $190.5M | ||
| Q3 25 | $22.7M | $181.0M | ||
| Q2 25 | $33.8M | $108.6M | ||
| Q1 25 | $16.2M | $204.2M | ||
| Q4 24 | $57.3M | $103.2M | ||
| Q3 24 | $33.6M | $102.8M | ||
| Q2 24 | $35.0M | $336.3M | ||
| Q1 24 | $43.7M | $343.3M |
| Q4 25 | $171.3M | $1.1B | ||
| Q3 25 | $154.7M | $299.0M | ||
| Q2 25 | $190.1M | $1.2B | ||
| Q1 25 | $189.5M | $968.4M | ||
| Q4 24 | $124.7M | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $379.2M | $1.9B | ||
| Q3 25 | $423.1M | $1.9B | ||
| Q2 25 | $432.1M | $1.9B | ||
| Q1 25 | $419.9M | $1.9B | ||
| Q4 24 | $436.1M | $1.9B | ||
| Q3 24 | $444.5M | $1.9B | ||
| Q2 24 | $441.5M | $1.9B | ||
| Q1 24 | $408.9M | $2.0B |
| Q4 25 | $800.4M | $21.3B | ||
| Q3 25 | $816.3M | $18.5B | ||
| Q2 25 | $874.7M | $16.8B | ||
| Q1 25 | $852.8M | $14.9B | ||
| Q4 24 | $841.6M | $14.4B | ||
| Q3 24 | $843.6M | $13.1B | ||
| Q2 24 | $882.9M | $12.1B | ||
| Q1 24 | $867.8M | $12.3B |
| Q4 25 | 0.45× | 0.58× | ||
| Q3 25 | 0.37× | 0.16× | ||
| Q2 25 | 0.44× | 0.65× | ||
| Q1 25 | 0.45× | 0.51× | ||
| Q4 24 | 0.29× | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $47.9M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 9.65× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $-7.2B | ||
| Q3 25 | $74.4M | $-1.3B | ||
| Q2 25 | $68.4M | $-2.0B | ||
| Q1 25 | $-37.7M | $-594.3M | ||
| Q4 24 | $56.4M | $-2.7B | ||
| Q3 24 | $86.4M | $-983.8M | ||
| Q2 24 | $56.2M | $243.8M | ||
| Q1 24 | $-27.9M | $-342.4M |
| 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× | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | 1.89× | -267.53× | ||
| Q1 25 | -1.22× | -61.39× | ||
| Q4 24 | 8.95× | -58.08× | ||
| Q3 24 | 9.93× | -23.76× | ||
| Q2 24 | 1.27× | 9.59× | ||
| Q1 24 | -0.84× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
