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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.7× Latham Group, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -7.0%, a 10.6% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 10.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $14.1M). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% 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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
DFIN vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $100.0M |
| Net Profit | $6.2M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 8.3% | -10.7% |
| Net Margin | 3.6% | -7.0% |
| Revenue YoY | 10.4% | 14.5% |
| Net Profit YoY | -1.6% | 76.0% |
| EPS (diluted) | $0.31 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $175.3M | $161.9M | ||
| Q2 25 | $218.1M | $172.6M | ||
| Q1 25 | $201.1M | $111.4M | ||
| Q4 24 | $156.3M | $87.3M | ||
| Q3 24 | $179.5M | $150.5M | ||
| Q2 24 | $242.7M | $160.1M | ||
| Q1 24 | $203.4M | $110.6M |
| Q4 25 | $6.2M | $-7.0M | ||
| Q3 25 | $-40.9M | $8.1M | ||
| Q2 25 | $36.1M | $16.0M | ||
| Q1 25 | $31.0M | $-6.0M | ||
| Q4 24 | $6.3M | $-29.2M | ||
| Q3 24 | $8.7M | $5.9M | ||
| Q2 24 | $44.1M | $13.3M | ||
| Q1 24 | $33.3M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | 8.3% | -10.7% | ||
| Q3 25 | 16.1% | 13.3% | ||
| Q2 25 | 24.2% | 14.3% | ||
| Q1 25 | 22.8% | -4.4% | ||
| Q4 24 | 6.0% | -14.9% | ||
| Q3 24 | 10.1% | 8.9% | ||
| Q2 24 | 26.6% | 12.5% | ||
| Q1 24 | 21.9% | -1.9% |
| Q4 25 | 3.6% | -7.0% | ||
| Q3 25 | -23.3% | 5.0% | ||
| Q2 25 | 16.6% | 9.3% | ||
| Q1 25 | 15.4% | -5.4% | ||
| Q4 24 | 4.0% | -33.4% | ||
| Q3 24 | 4.8% | 3.9% | ||
| Q2 24 | 18.2% | 8.3% | ||
| Q1 24 | 16.4% | -7.1% |
| Q4 25 | $0.31 | $-0.06 | ||
| Q3 25 | $-1.49 | $0.07 | ||
| Q2 25 | $1.28 | $0.13 | ||
| Q1 25 | $1.05 | $-0.05 | ||
| Q4 24 | $0.21 | $-0.24 | ||
| Q3 24 | $0.29 | $0.05 | ||
| Q2 24 | $1.47 | $0.11 | ||
| Q1 24 | $1.09 | $-0.07 |
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 | $279.8M |
| Stockholders' EquityBook value | $379.2M | $405.9M |
| Total Assets | $800.4M | $823.2M |
| Debt / EquityLower = less leverage | 0.45× | 0.69× |
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 | $279.8M | ||
| Q3 25 | $154.7M | $281.1M | ||
| Q2 25 | $190.1M | $281.5M | ||
| Q1 25 | $189.5M | $306.9M | ||
| Q4 24 | $124.7M | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $379.2M | $405.9M | ||
| Q3 25 | $423.1M | $408.4M | ||
| Q2 25 | $432.1M | $398.4M | ||
| Q1 25 | $419.9M | $381.1M | ||
| Q4 24 | $436.1M | $387.2M | ||
| Q3 24 | $444.5M | $416.6M | ||
| Q2 24 | $441.5M | $408.1M | ||
| Q1 24 | $408.9M | $391.8M |
| Q4 25 | $800.4M | $823.2M | ||
| Q3 25 | $816.3M | $844.4M | ||
| Q2 25 | $874.7M | $822.1M | ||
| Q1 25 | $852.8M | $824.6M | ||
| Q4 24 | $841.6M | $794.2M | ||
| Q3 24 | $843.6M | $853.4M | ||
| Q2 24 | $882.9M | $830.0M | ||
| Q1 24 | $867.8M | $808.6M |
| Q4 25 | 0.45× | 0.69× | ||
| Q3 25 | 0.37× | 0.69× | ||
| Q2 25 | 0.44× | 0.71× | ||
| Q1 25 | 0.45× | 0.81× | ||
| Q4 24 | 0.29× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $47.9M | $14.1M |
| FCF MarginFCF / Revenue | 27.8% | 14.1% |
| Capex IntensityCapex / Revenue | 6.9% | 9.2% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $23.3M | ||
| Q3 25 | $74.4M | $51.0M | ||
| Q2 25 | $68.4M | $36.0M | ||
| Q1 25 | $-37.7M | $-46.9M | ||
| Q4 24 | $56.4M | $6.2M | ||
| Q3 24 | $86.4M | $37.2M | ||
| Q2 24 | $56.2M | $52.4M | ||
| Q1 24 | $-27.9M | $-34.5M |
| Q4 25 | $47.9M | $14.1M | ||
| Q3 25 | $59.2M | $45.2M | ||
| Q2 25 | $51.7M | $29.1M | ||
| Q1 25 | $-51.0M | $-50.3M | ||
| Q4 24 | $41.3M | $-98.0K | ||
| Q3 24 | $67.3M | $33.2M | ||
| Q2 24 | $36.8M | $47.9M | ||
| Q1 24 | $-40.2M | $-39.9M |
| Q4 25 | 27.8% | 14.1% | ||
| Q3 25 | 33.8% | 27.9% | ||
| Q2 25 | 23.7% | 16.8% | ||
| Q1 25 | -25.4% | -45.2% | ||
| Q4 24 | 26.4% | -0.1% | ||
| Q3 24 | 37.5% | 22.1% | ||
| Q2 24 | 15.2% | 29.9% | ||
| Q1 24 | -19.8% | -36.0% |
| Q4 25 | 6.9% | 9.2% | ||
| Q3 25 | 8.7% | 3.6% | ||
| Q2 25 | 7.7% | 4.0% | ||
| Q1 25 | 6.6% | 3.1% | ||
| Q4 24 | 9.7% | 7.2% | ||
| Q3 24 | 10.6% | 2.7% | ||
| Q2 24 | 8.0% | 2.8% | ||
| Q1 24 | 6.0% | 4.8% |
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | 1.89× | 2.25× | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | — | ||
| Q3 24 | 9.93× | 6.32× | ||
| Q2 24 | 1.27× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
