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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and TREX CO INC (TREX). 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 $161.1M, roughly 1.1× TREX CO INC). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs 1.4%, a 2.2% gap on every dollar of revenue. On growth, Donnelley Financial Solutions, Inc. posted the faster year-over-year revenue change (10.4% vs -3.9%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $22.1M). Over the past eight quarters, Donnelley Financial Solutions, Inc.'s revenue compounded faster (-7.9% CAGR vs -34.3%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
DFIN vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $161.1M |
| Net Profit | $6.2M | $2.3M |
| Gross Margin | — | 30.2% |
| Operating Margin | 8.3% | 2.2% |
| Net Margin | 3.6% | 1.4% |
| Revenue YoY | 10.4% | -3.9% |
| Net Profit YoY | -1.6% | -76.4% |
| EPS (diluted) | $0.31 | $0.03 |
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 | $161.1M | ||
| Q3 25 | $175.3M | $285.3M | ||
| Q2 25 | $218.1M | $387.8M | ||
| Q1 25 | $201.1M | $340.0M | ||
| Q4 24 | $156.3M | $167.6M | ||
| Q3 24 | $179.5M | $233.7M | ||
| Q2 24 | $242.7M | $376.5M | ||
| Q1 24 | $203.4M | $373.6M |
| Q4 25 | $6.2M | $2.3M | ||
| Q3 25 | $-40.9M | $51.8M | ||
| Q2 25 | $36.1M | $75.9M | ||
| Q1 25 | $31.0M | $60.4M | ||
| Q4 24 | $6.3M | $9.8M | ||
| Q3 24 | $8.7M | $40.6M | ||
| Q2 24 | $44.1M | $87.0M | ||
| Q1 24 | $33.3M | $89.1M |
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | — | 40.8% | ||
| Q1 25 | — | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 44.7% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 8.3% | 2.2% | ||
| Q3 25 | 16.1% | 24.7% | ||
| Q2 25 | 24.2% | 26.4% | ||
| Q1 25 | 22.8% | 24.0% | ||
| Q4 24 | 6.0% | 9.2% | ||
| Q3 24 | 10.1% | 23.2% | ||
| Q2 24 | 26.6% | 31.1% | ||
| Q1 24 | 21.9% | 31.9% |
| Q4 25 | 3.6% | 1.4% | ||
| Q3 25 | -23.3% | 18.1% | ||
| Q2 25 | 16.6% | 19.6% | ||
| Q1 25 | 15.4% | 17.8% | ||
| Q4 24 | 4.0% | 5.8% | ||
| Q3 24 | 4.8% | 17.4% | ||
| Q2 24 | 18.2% | 23.1% | ||
| Q1 24 | 16.4% | 23.8% |
| Q4 25 | $0.31 | $0.03 | ||
| Q3 25 | $-1.49 | $0.48 | ||
| Q2 25 | $1.28 | $0.71 | ||
| Q1 25 | $1.05 | $0.56 | ||
| Q4 24 | $0.21 | $0.10 | ||
| Q3 24 | $0.29 | $0.37 | ||
| Q2 24 | $1.47 | $0.80 | ||
| Q1 24 | $1.09 | $0.82 |
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 | $3.8M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $1.0B |
| Total Assets | $800.4M | $1.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $3.8M | ||
| Q3 25 | $22.7M | $11.4M | ||
| Q2 25 | $33.8M | $5.5M | ||
| Q1 25 | $16.2M | $5.0M | ||
| Q4 24 | $57.3M | $1.3M | ||
| Q3 24 | $33.6M | $12.8M | ||
| Q2 24 | $35.0M | $1.2M | ||
| Q1 24 | $43.7M | $3.1M |
| Q4 25 | $171.3M | — | ||
| Q3 25 | $154.7M | — | ||
| Q2 25 | $190.1M | — | ||
| Q1 25 | $189.5M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $379.2M | $1.0B | ||
| Q3 25 | $423.1M | $1.0B | ||
| Q2 25 | $432.1M | $989.3M | ||
| Q1 25 | $419.9M | $910.1M | ||
| Q4 24 | $436.1M | $850.1M | ||
| Q3 24 | $444.5M | $887.9M | ||
| Q2 24 | $441.5M | $894.9M | ||
| Q1 24 | $408.9M | $804.1M |
| Q4 25 | $800.4M | $1.5B | ||
| Q3 25 | $816.3M | $1.5B | ||
| Q2 25 | $874.7M | $1.5B | ||
| Q1 25 | $852.8M | $1.6B | ||
| Q4 24 | $841.6M | $1.3B | ||
| Q3 24 | $843.6M | $1.3B | ||
| Q2 24 | $882.9M | $1.3B | ||
| Q1 24 | $867.8M | $1.3B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.37× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $65.5M |
| Free Cash FlowOCF − Capex | $47.9M | $22.1M |
| FCF MarginFCF / Revenue | 27.8% | 13.7% |
| Capex IntensityCapex / Revenue | 6.9% | 26.9% |
| Cash ConversionOCF / Net Profit | 9.65× | 28.45× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $134.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $65.5M | ||
| Q3 25 | $74.4M | $196.9M | ||
| Q2 25 | $68.4M | $249.8M | ||
| Q1 25 | $-37.7M | $-154.0M | ||
| Q4 24 | $56.4M | $-8.5M | ||
| Q3 24 | $86.4M | $132.8M | ||
| Q2 24 | $56.2M | $193.7M | ||
| Q1 24 | $-27.9M | $-174.0M |
| Q4 25 | $47.9M | $22.1M | ||
| Q3 25 | $59.2M | $142.9M | ||
| Q2 25 | $51.7M | $203.0M | ||
| Q1 25 | $-51.0M | $-233.5M | ||
| Q4 24 | $41.3M | $-89.3M | ||
| Q3 24 | $67.3M | $54.5M | ||
| Q2 24 | $36.8M | $158.2M | ||
| Q1 24 | $-40.2M | $-211.8M |
| Q4 25 | 27.8% | 13.7% | ||
| Q3 25 | 33.8% | 50.1% | ||
| Q2 25 | 23.7% | 52.3% | ||
| Q1 25 | -25.4% | -68.7% | ||
| Q4 24 | 26.4% | -53.3% | ||
| Q3 24 | 37.5% | 23.3% | ||
| Q2 24 | 15.2% | 42.0% | ||
| Q1 24 | -19.8% | -56.7% |
| Q4 25 | 6.9% | 26.9% | ||
| Q3 25 | 8.7% | 18.9% | ||
| Q2 25 | 7.7% | 12.1% | ||
| Q1 25 | 6.6% | 23.4% | ||
| Q4 24 | 9.7% | 48.2% | ||
| Q3 24 | 10.6% | 33.5% | ||
| Q2 24 | 8.0% | 9.4% | ||
| Q1 24 | 6.0% | 10.1% |
| Q4 25 | 9.65× | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | 1.89× | 3.29× | ||
| Q1 25 | -1.22× | -2.55× | ||
| Q4 24 | 8.95× | -0.87× | ||
| Q3 24 | 9.93× | 3.27× | ||
| Q2 24 | 1.27× | 2.23× | ||
| Q1 24 | -0.84× | -1.95× |
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% |
TREX
Segment breakdown not available.
