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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.

Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $172.5M, roughly 1.4× Donnelley Financial Solutions, Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 3.6%, a 7.0% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs 2.4%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

DFIN vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.4× larger
TGLS
$245.3M
$172.5M
DFIN
Growing faster (revenue YoY)
DFIN
DFIN
+8.0% gap
DFIN
10.4%
2.4%
TGLS
Higher net margin
TGLS
TGLS
7.0% more per $
TGLS
10.6%
3.6%
DFIN
More free cash flow
DFIN
DFIN
$36.5M more FCF
DFIN
$47.9M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
-7.9%
DFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFIN
DFIN
TGLS
TGLS
Revenue
$172.5M
$245.3M
Net Profit
$6.2M
$26.1M
Gross Margin
40.0%
Operating Margin
8.3%
18.3%
Net Margin
3.6%
10.6%
Revenue YoY
10.4%
2.4%
Net Profit YoY
-1.6%
-44.5%
EPS (diluted)
$0.31
$0.57

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.

Revenue
DFIN
DFIN
TGLS
TGLS
Q4 25
$172.5M
$245.3M
Q3 25
$175.3M
$260.5M
Q2 25
$218.1M
$255.5M
Q1 25
$201.1M
$222.3M
Q4 24
$156.3M
$239.6M
Q3 24
$179.5M
$238.3M
Q2 24
$242.7M
$219.7M
Q1 24
$203.4M
$192.6M
Net Profit
DFIN
DFIN
TGLS
TGLS
Q4 25
$6.2M
$26.1M
Q3 25
$-40.9M
$47.2M
Q2 25
$36.1M
$44.1M
Q1 25
$31.0M
$42.2M
Q4 24
$6.3M
$47.0M
Q3 24
$8.7M
$49.5M
Q2 24
$44.1M
$35.0M
Q1 24
$33.3M
$29.7M
Gross Margin
DFIN
DFIN
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
DFIN
DFIN
TGLS
TGLS
Q4 25
8.3%
18.3%
Q3 25
16.1%
25.1%
Q2 25
24.2%
24.0%
Q1 25
22.8%
26.7%
Q4 24
6.0%
28.0%
Q3 24
10.1%
28.4%
Q2 24
26.6%
23.3%
Q1 24
21.9%
21.3%
Net Margin
DFIN
DFIN
TGLS
TGLS
Q4 25
3.6%
10.6%
Q3 25
-23.3%
18.1%
Q2 25
16.6%
17.3%
Q1 25
15.4%
19.0%
Q4 24
4.0%
19.6%
Q3 24
4.8%
20.8%
Q2 24
18.2%
15.9%
Q1 24
16.4%
15.4%
EPS (diluted)
DFIN
DFIN
TGLS
TGLS
Q4 25
$0.31
$0.57
Q3 25
$-1.49
$1.01
Q2 25
$1.28
$0.94
Q1 25
$1.05
$0.90
Q4 24
$0.21
$1.00
Q3 24
$0.29
$1.05
Q2 24
$1.47
$0.75
Q1 24
$1.09
$0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DFIN
DFIN
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$24.5M
$104.1M
Total DebtLower is stronger
$171.3M
$174.4M
Stockholders' EquityBook value
$379.2M
$713.1M
Total Assets
$800.4M
$1.3B
Debt / EquityLower = less leverage
0.45×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFIN
DFIN
TGLS
TGLS
Q4 25
$24.5M
$104.1M
Q3 25
$22.7M
$127.1M
Q2 25
$33.8M
$140.9M
Q1 25
$16.2M
$160.2M
Q4 24
$57.3M
$137.5M
Q3 24
$33.6M
$124.8M
Q2 24
$35.0M
$129.5M
Q1 24
$43.7M
$138.8M
Total Debt
DFIN
DFIN
TGLS
TGLS
Q4 25
$171.3M
$174.4M
Q3 25
$154.7M
$114.7M
Q2 25
$190.1M
$110.6M
Q1 25
$189.5M
$110.6M
Q4 24
$124.7M
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
DFIN
DFIN
TGLS
TGLS
Q4 25
$379.2M
$713.1M
Q3 25
$423.1M
$764.0M
Q2 25
$432.1M
$736.0M
Q1 25
$419.9M
$685.1M
Q4 24
$436.1M
$631.2M
Q3 24
$444.5M
$613.3M
Q2 24
$441.5M
$574.8M
Q1 24
$408.9M
$573.6M
Total Assets
DFIN
DFIN
TGLS
TGLS
Q4 25
$800.4M
$1.3B
Q3 25
$816.3M
$1.2B
Q2 25
$874.7M
$1.2B
Q1 25
$852.8M
$1.1B
Q4 24
$841.6M
$1.0B
Q3 24
$843.6M
$996.3M
Q2 24
$882.9M
$942.5M
Q1 24
$867.8M
$981.6M
Debt / Equity
DFIN
DFIN
TGLS
TGLS
Q4 25
0.45×
0.24×
Q3 25
0.37×
0.15×
Q2 25
0.44×
0.15×
Q1 25
0.45×
0.16×
Q4 24
0.29×
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DFIN
DFIN
TGLS
TGLS
Operating Cash FlowLast quarter
$59.8M
$31.0M
Free Cash FlowOCF − Capex
$47.9M
$11.4M
FCF MarginFCF / Revenue
27.8%
4.7%
Capex IntensityCapex / Revenue
6.9%
8.0%
Cash ConversionOCF / Net Profit
9.65×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$107.8M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFIN
DFIN
TGLS
TGLS
Q4 25
$59.8M
$31.0M
Q3 25
$74.4M
$40.0M
Q2 25
$68.4M
$17.9M
Q1 25
$-37.7M
$46.9M
Q4 24
$56.4M
$61.1M
Q3 24
$86.4M
$41.5M
Q2 24
$56.2M
$34.5M
Q1 24
$-27.9M
$33.4M
Free Cash Flow
DFIN
DFIN
TGLS
TGLS
Q4 25
$47.9M
$11.4M
Q3 25
$59.2M
$21.2M
Q2 25
$51.7M
$-14.7M
Q1 25
$-51.0M
$16.5M
Q4 24
$41.3M
$35.4M
Q3 24
$67.3M
$17.8M
Q2 24
$36.8M
$14.2M
Q1 24
$-40.2M
$23.6M
FCF Margin
DFIN
DFIN
TGLS
TGLS
Q4 25
27.8%
4.7%
Q3 25
33.8%
8.2%
Q2 25
23.7%
-5.7%
Q1 25
-25.4%
7.4%
Q4 24
26.4%
14.8%
Q3 24
37.5%
7.5%
Q2 24
15.2%
6.5%
Q1 24
-19.8%
12.2%
Capex Intensity
DFIN
DFIN
TGLS
TGLS
Q4 25
6.9%
8.0%
Q3 25
8.7%
7.2%
Q2 25
7.7%
12.7%
Q1 25
6.6%
13.7%
Q4 24
9.7%
10.7%
Q3 24
10.6%
9.9%
Q2 24
8.0%
9.2%
Q1 24
6.0%
5.1%
Cash Conversion
DFIN
DFIN
TGLS
TGLS
Q4 25
9.65×
1.19×
Q3 25
0.85×
Q2 25
1.89×
0.41×
Q1 25
-1.22×
1.11×
Q4 24
8.95×
1.30×
Q3 24
9.93×
0.84×
Q2 24
1.27×
0.98×
Q1 24
-0.84×
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DFIN
DFIN

Technology Service$68.0M39%
Capital Markets Compliance And Communications Management$61.6M36%
Investment Companies Software Solutions$30.9M18%
Print And Distribution Service$13.6M8%

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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