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Side-by-side financial comparison of Donnelley Financial Solutions, Inc. (DFIN) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $172.5M, roughly 1.4× Donnelley Financial Solutions, Inc.). WORKIVA INC runs the higher net margin — 4.9% vs 3.6%, a 1.4% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 10.4%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $47.9M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
DFIN vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.5M | $238.9M |
| Net Profit | $6.2M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 8.3% | 3.3% |
| Net Margin | 3.6% | 4.9% |
| Revenue YoY | 10.4% | 19.5% |
| Net Profit YoY | -1.6% | 234.0% |
| EPS (diluted) | $0.31 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $175.3M | $224.2M | ||
| Q2 25 | $218.1M | $215.2M | ||
| Q1 25 | $201.1M | $206.3M | ||
| Q4 24 | $156.3M | $199.9M | ||
| Q3 24 | $179.5M | $185.6M | ||
| Q2 24 | $242.7M | $177.5M | ||
| Q1 24 | $203.4M | $175.7M |
| Q4 25 | $6.2M | $11.8M | ||
| Q3 25 | $-40.9M | $2.8M | ||
| Q2 25 | $36.1M | $-19.4M | ||
| Q1 25 | $31.0M | $-21.4M | ||
| Q4 24 | $6.3M | $-8.8M | ||
| Q3 24 | $8.7M | $-17.0M | ||
| Q2 24 | $44.1M | $-17.5M | ||
| Q1 24 | $33.3M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 8.3% | 3.3% | ||
| Q3 25 | 16.1% | -1.5% | ||
| Q2 25 | 24.2% | -10.3% | ||
| Q1 25 | 22.8% | -12.0% | ||
| Q4 24 | 6.0% | -6.7% | ||
| Q3 24 | 10.1% | -11.7% | ||
| Q2 24 | 26.6% | -13.0% | ||
| Q1 24 | 21.9% | -10.4% |
| Q4 25 | 3.6% | 4.9% | ||
| Q3 25 | -23.3% | 1.2% | ||
| Q2 25 | 16.6% | -9.0% | ||
| Q1 25 | 15.4% | -10.4% | ||
| Q4 24 | 4.0% | -4.4% | ||
| Q3 24 | 4.8% | -9.2% | ||
| Q2 24 | 18.2% | -9.9% | ||
| Q1 24 | 16.4% | -6.7% |
| Q4 25 | $0.31 | $0.21 | ||
| Q3 25 | $-1.49 | $0.05 | ||
| Q2 25 | $1.28 | $-0.35 | ||
| Q1 25 | $1.05 | $-0.38 | ||
| Q4 24 | $0.21 | $-0.15 | ||
| Q3 24 | $0.29 | $-0.31 | ||
| Q2 24 | $1.47 | $-0.32 | ||
| Q1 24 | $1.09 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | $171.3M | — |
| Stockholders' EquityBook value | $379.2M | $-5.4M |
| Total Assets | $800.4M | $1.5B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.5M | $338.8M | ||
| Q3 25 | $22.7M | $315.9M | ||
| Q2 25 | $33.8M | $284.3M | ||
| Q1 25 | $16.2M | $242.0M | ||
| Q4 24 | $57.3M | $301.8M | ||
| Q3 24 | $33.6M | $248.2M | ||
| Q2 24 | $35.0M | $267.9M | ||
| Q1 24 | $43.7M | $296.1M |
| 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 | $-5.4M | ||
| Q3 25 | $423.1M | $-36.9M | ||
| Q2 25 | $432.1M | $-66.5M | ||
| Q1 25 | $419.9M | $-75.7M | ||
| Q4 24 | $436.1M | $-41.7M | ||
| Q3 24 | $444.5M | $-50.8M | ||
| Q2 24 | $441.5M | $-77.7M | ||
| Q1 24 | $408.9M | $-83.2M |
| Q4 25 | $800.4M | $1.5B | ||
| Q3 25 | $816.3M | $1.4B | ||
| Q2 25 | $874.7M | $1.3B | ||
| Q1 25 | $852.8M | $1.3B | ||
| Q4 24 | $841.6M | $1.4B | ||
| Q3 24 | $843.6M | $1.3B | ||
| Q2 24 | $882.9M | $1.2B | ||
| Q1 24 | $867.8M | $1.2B |
| 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 | $51.0M |
| Free Cash FlowOCF − Capex | $47.9M | $50.7M |
| FCF MarginFCF / Revenue | 27.8% | 21.2% |
| Capex IntensityCapex / Revenue | 6.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 9.65× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $107.8M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.8M | $51.0M | ||
| Q3 25 | $74.4M | $46.2M | ||
| Q2 25 | $68.4M | $50.3M | ||
| Q1 25 | $-37.7M | $-7.4M | ||
| Q4 24 | $56.4M | $44.0M | ||
| Q3 24 | $86.4M | $18.9M | ||
| Q2 24 | $56.2M | $-14.0K | ||
| Q1 24 | $-27.9M | $24.8M |
| Q4 25 | $47.9M | $50.7M | ||
| Q3 25 | $59.2M | $46.1M | ||
| Q2 25 | $51.7M | $49.3M | ||
| Q1 25 | $-51.0M | $-8.1M | ||
| Q4 24 | $41.3M | $43.2M | ||
| Q3 24 | $67.3M | $18.7M | ||
| Q2 24 | $36.8M | $-122.0K | ||
| Q1 24 | $-40.2M | $24.6M |
| Q4 25 | 27.8% | 21.2% | ||
| Q3 25 | 33.8% | 20.5% | ||
| Q2 25 | 23.7% | 22.9% | ||
| Q1 25 | -25.4% | -3.9% | ||
| Q4 24 | 26.4% | 21.6% | ||
| Q3 24 | 37.5% | 10.1% | ||
| Q2 24 | 15.2% | -0.1% | ||
| Q1 24 | -19.8% | 14.0% |
| Q4 25 | 6.9% | 0.1% | ||
| Q3 25 | 8.7% | 0.0% | ||
| Q2 25 | 7.7% | 0.5% | ||
| Q1 25 | 6.6% | 0.4% | ||
| Q4 24 | 9.7% | 0.4% | ||
| Q3 24 | 10.6% | 0.1% | ||
| Q2 24 | 8.0% | 0.1% | ||
| Q1 24 | 6.0% | 0.1% |
| Q4 25 | 9.65× | 4.31× | ||
| Q3 25 | — | 16.57× | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | -1.22× | — | ||
| Q4 24 | 8.95× | — | ||
| Q3 24 | 9.93× | — | ||
| Q2 24 | 1.27× | — | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
