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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $172.5M, roughly 2.0× Donnelley Financial Solutions, Inc.). Donnelley Financial Solutions, Inc. runs the higher net margin — 3.6% vs -12.9%, a 16.5% 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%). Donnelley Financial Solutions, Inc. produced more free cash flow last quarter ($47.9M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
DFIN vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $340.0M |
| Net Profit | $6.2M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 8.3% | -17.2% |
| Net Margin | 3.6% | -12.9% |
| Revenue YoY | 10.4% | -0.4% |
| Net Profit YoY | -1.6% | -131.0% |
| EPS (diluted) | $0.31 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $175.3M | $337.7M | ||
| Q2 25 | $218.1M | $319.2M | ||
| Q1 25 | $201.1M | $237.4M | ||
| Q4 24 | $156.3M | $341.5M | ||
| Q3 24 | $179.5M | $292.3M | ||
| Q2 24 | $242.7M | $270.7M | ||
| Q1 24 | $203.4M | $228.1M |
| Q4 25 | $6.2M | $-13.9M | ||
| Q3 25 | $-40.9M | $33.5M | ||
| Q2 25 | $36.1M | $34.0M | ||
| Q1 25 | $31.0M | $2.8M | ||
| Q4 24 | $6.3M | $44.8M | ||
| Q3 24 | $8.7M | $28.8M | ||
| Q2 24 | $44.1M | $22.7M | ||
| Q1 24 | $33.3M | $11.9M |
| Q4 25 | 8.3% | -17.2% | ||
| Q3 25 | 16.1% | 13.6% | ||
| Q2 25 | 24.2% | 14.5% | ||
| Q1 25 | 22.8% | 2.2% | ||
| Q4 24 | 6.0% | 15.3% | ||
| Q3 24 | 10.1% | 12.8% | ||
| Q2 24 | 26.6% | 10.4% | ||
| Q1 24 | 21.9% | 6.0% |
| Q4 25 | 3.6% | -12.9% | ||
| Q3 25 | -23.3% | 9.9% | ||
| Q2 25 | 16.6% | 10.6% | ||
| Q1 25 | 15.4% | 1.2% | ||
| Q4 24 | 4.0% | 13.1% | ||
| Q3 24 | 4.8% | 9.9% | ||
| Q2 24 | 18.2% | 8.4% | ||
| Q1 24 | 16.4% | 5.2% |
| Q4 25 | $0.31 | $-0.41 | ||
| Q3 25 | $-1.49 | $0.98 | ||
| Q2 25 | $1.28 | $0.99 | ||
| Q1 25 | $1.05 | $0.08 | ||
| Q4 24 | $0.21 | $1.32 | ||
| Q3 24 | $0.29 | $0.85 | ||
| Q2 24 | $1.47 | $0.67 | ||
| Q1 24 | $1.09 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $1.7B |
| Total Assets | $800.4M | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $299.3M | ||
| Q3 25 | $22.7M | $274.8M | ||
| Q2 25 | $33.8M | $233.7M | ||
| Q1 25 | $16.2M | $181.0M | ||
| Q4 24 | $57.3M | $279.3M | ||
| Q3 24 | $33.6M | $179.8M | ||
| Q2 24 | $35.0M | $208.1M | ||
| Q1 24 | $43.7M | $216.5M |
| 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 | $1.7B | ||
| Q3 25 | $423.1M | $1.8B | ||
| Q2 25 | $432.1M | $1.8B | ||
| Q1 25 | $419.9M | $1.7B | ||
| Q4 24 | $436.1M | $1.7B | ||
| Q3 24 | $444.5M | $1.7B | ||
| Q2 24 | $441.5M | $1.7B | ||
| Q1 24 | $408.9M | $1.7B |
| Q4 25 | $800.4M | $5.1B | ||
| Q3 25 | $816.3M | $5.8B | ||
| Q2 25 | $874.7M | $4.7B | ||
| Q1 25 | $852.8M | $4.5B | ||
| Q4 24 | $841.6M | $4.4B | ||
| Q3 24 | $843.6M | $4.6B | ||
| Q2 24 | $882.9M | $4.2B | ||
| Q1 24 | $867.8M | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $47.9M | $-680.1M |
| FCF MarginFCF / Revenue | 27.8% | -200.0% |
| Capex IntensityCapex / Revenue | 6.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 9.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $-664.3M | ||
| Q3 25 | $74.4M | $-948.1M | ||
| Q2 25 | $68.4M | $-238.5M | ||
| Q1 25 | $-37.7M | $-281.1M | ||
| Q4 24 | $56.4M | $129.4M | ||
| Q3 24 | $86.4M | $-202.0M | ||
| Q2 24 | $56.2M | $-237.8M | ||
| Q1 24 | $-27.9M | $38.4M |
| Q4 25 | $47.9M | $-680.1M | ||
| Q3 25 | $59.2M | $-950.4M | ||
| Q2 25 | $51.7M | $-241.0M | ||
| Q1 25 | $-51.0M | $-284.7M | ||
| Q4 24 | $41.3M | $116.4M | ||
| Q3 24 | $67.3M | $-204.0M | ||
| Q2 24 | $36.8M | $-241.7M | ||
| Q1 24 | $-40.2M | $35.2M |
| Q4 25 | 27.8% | -200.0% | ||
| Q3 25 | 33.8% | -281.5% | ||
| Q2 25 | 23.7% | -75.5% | ||
| Q1 25 | -25.4% | -120.0% | ||
| Q4 24 | 26.4% | 34.1% | ||
| Q3 24 | 37.5% | -69.8% | ||
| Q2 24 | 15.2% | -89.3% | ||
| Q1 24 | -19.8% | 15.4% |
| Q4 25 | 6.9% | 4.6% | ||
| Q3 25 | 8.7% | 0.7% | ||
| Q2 25 | 7.7% | 0.8% | ||
| Q1 25 | 6.6% | 1.5% | ||
| Q4 24 | 9.7% | 3.8% | ||
| Q3 24 | 10.6% | 0.7% | ||
| Q2 24 | 8.0% | 1.4% | ||
| Q1 24 | 6.0% | 1.4% |
| Q4 25 | 9.65× | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 1.89× | -7.02× | ||
| Q1 25 | -1.22× | -102.07× | ||
| Q4 24 | 8.95× | 2.89× | ||
| Q3 24 | 9.93× | -7.01× | ||
| Q2 24 | 1.27× | -10.49× | ||
| Q1 24 | -0.84× | 3.24× |
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% |
WD
Segment breakdown not available.
