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Side-by-side financial comparison of DIAMOND HILL INVESTMENT GROUP INC (DHIL) and INNODATA INC (INOD). Click either name above to swap in a different company.

INNODATA INC is the larger business by last-quarter revenue ($90.1M vs $36.6M, roughly 2.5× DIAMOND HILL INVESTMENT GROUP INC). DIAMOND HILL INVESTMENT GROUP INC runs the higher net margin — 25.3% vs 16.5%, a 8.8% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (54.4% vs -6.6%). Over the past eight quarters, INNODATA INC's revenue compounded faster (66.4% CAGR vs 0.4%).

Diamond Baseball Holdings (DBH) is an American sports ownership and management group that operates over 40 Minor League Baseball (MiLB) teams in the United States and Canada. DBH was established in 2021 by media conglomerate Endeavor and is a subsidiary of the investment firm Silver Lake.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

DHIL vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
2.5× larger
INOD
$90.1M
$36.6M
DHIL
Growing faster (revenue YoY)
INOD
INOD
+61.0% gap
INOD
54.4%
-6.6%
DHIL
Higher net margin
DHIL
DHIL
8.8% more per $
DHIL
25.3%
16.5%
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
66.4%
0.4%
DHIL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHIL
DHIL
INOD
INOD
Revenue
$36.6M
$90.1M
Net Profit
$9.3M
$14.9M
Gross Margin
Operating Margin
16.9%
Net Margin
25.3%
16.5%
Revenue YoY
-6.6%
54.4%
Net Profit YoY
25.3%
91.3%
EPS (diluted)
$3.42
$0.42

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
DHIL
DHIL
INOD
INOD
Q1 26
$90.1M
Q4 25
$36.6M
$72.4M
Q3 25
$37.4M
$62.5M
Q2 25
$36.0M
$58.4M
Q1 25
$37.1M
$58.3M
Q4 24
$39.1M
$59.2M
Q3 24
$39.0M
$52.2M
Q2 24
$36.7M
$32.6M
Net Profit
DHIL
DHIL
INOD
INOD
Q1 26
$14.9M
Q4 25
$9.3M
$8.8M
Q3 25
$13.6M
$8.3M
Q2 25
$15.6M
$7.2M
Q1 25
$10.4M
$7.8M
Q4 24
$7.4M
$10.3M
Q3 24
$14.6M
$17.4M
Q2 24
$8.1M
$-14.0K
Gross Margin
DHIL
DHIL
INOD
INOD
Q1 26
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Operating Margin
DHIL
DHIL
INOD
INOD
Q1 26
Q4 25
16.9%
15.1%
Q3 25
26.0%
18.8%
Q2 25
21.6%
15.3%
Q1 25
35.2%
14.2%
Q4 24
33.8%
19.0%
Q3 24
26.2%
21.9%
Q2 24
33.1%
1.0%
Net Margin
DHIL
DHIL
INOD
INOD
Q1 26
16.5%
Q4 25
25.3%
12.2%
Q3 25
36.2%
13.3%
Q2 25
43.2%
12.4%
Q1 25
27.9%
13.3%
Q4 24
18.9%
17.4%
Q3 24
37.5%
33.3%
Q2 24
22.2%
-0.0%
EPS (diluted)
DHIL
DHIL
INOD
INOD
Q1 26
$0.42
Q4 25
$3.42
$0.26
Q3 25
$4.99
$0.24
Q2 25
$5.73
$0.20
Q1 25
$3.77
$0.22
Q4 24
$2.76
$0.35
Q3 24
$5.35
$0.51
Q2 24
$2.93
$0.00

Balance Sheet & Financial Strength

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

Metric
DHIL
DHIL
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$117.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$176.4M
$128.2M
Total Assets
$260.4M
$210.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHIL
DHIL
INOD
INOD
Q1 26
$117.4M
Q4 25
$82.2M
Q3 25
$73.9M
Q2 25
$59.8M
Q1 25
$56.6M
Q4 24
$41.6M
$46.9M
Q3 24
$26.4M
Q2 24
$16.5M
Stockholders' Equity
DHIL
DHIL
INOD
INOD
Q1 26
$128.2M
Q4 25
$176.4M
$107.1M
Q3 25
$180.9M
$97.3M
Q2 25
$171.6M
$86.7M
Q1 25
$168.6M
$75.5M
Q4 24
$162.3M
$63.5M
Q3 24
$166.5M
$47.7M
Q2 24
$156.5M
$29.0M
Total Assets
DHIL
DHIL
INOD
INOD
Q1 26
$210.4M
Q4 25
$260.4M
$168.6M
Q3 25
$256.3M
$152.9M
Q2 25
$261.0M
$132.6M
Q1 25
$224.4M
$125.2M
Q4 24
$245.1M
$113.4M
Q3 24
$240.8M
$88.2M
Q2 24
$213.1M
$66.0M

Cash Flow & Capital Efficiency

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

Metric
DHIL
DHIL
INOD
INOD
Operating Cash FlowLast quarter
$-6.6M
$37.3M
Free Cash FlowOCF − Capex
$-9.1M
FCF MarginFCF / Revenue
-24.8%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-0.71×
2.50×
TTM Free Cash FlowTrailing 4 quarters
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHIL
DHIL
INOD
INOD
Q1 26
$37.3M
Q4 25
$-6.6M
$12.9M
Q3 25
$-7.7M
$18.8M
Q2 25
$-5.0M
$4.2M
Q1 25
$-10.7M
$10.9M
Q4 24
$16.6M
$17.2M
Q3 24
$18.5M
$11.4M
Q2 24
$19.2M
$-454.0K
Free Cash Flow
DHIL
DHIL
INOD
INOD
Q1 26
Q4 25
$-9.1M
$10.1M
Q3 25
$-8.3M
$14.5M
Q2 25
$-5.7M
$2.5M
Q1 25
$-11.3M
$8.5M
Q4 24
$15.2M
$15.0M
Q3 24
$18.3M
$9.9M
Q2 24
$19.2M
$-3.2M
FCF Margin
DHIL
DHIL
INOD
INOD
Q1 26
Q4 25
-24.8%
13.9%
Q3 25
-22.2%
23.2%
Q2 25
-15.8%
4.3%
Q1 25
-30.4%
14.6%
Q4 24
38.9%
25.3%
Q3 24
46.8%
19.0%
Q2 24
52.4%
-9.8%
Capex Intensity
DHIL
DHIL
INOD
INOD
Q1 26
Q4 25
6.7%
3.9%
Q3 25
1.6%
6.8%
Q2 25
2.0%
2.9%
Q1 25
1.5%
4.0%
Q4 24
3.5%
3.7%
Q3 24
0.7%
2.8%
Q2 24
0.0%
8.4%
Cash Conversion
DHIL
DHIL
INOD
INOD
Q1 26
2.50×
Q4 25
-0.71×
1.46×
Q3 25
-0.57×
2.25×
Q2 25
-0.32×
0.59×
Q1 25
-1.04×
1.40×
Q4 24
2.25×
1.67×
Q3 24
1.26×
0.65×
Q2 24
2.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHIL
DHIL

Proprietary Funds$26.0M71%
Separately Managed Accounts$5.0M14%
Other Pooled Vehicles$2.8M8%
Administration Revenuenetofrelatedexpense$1.7M5%
Collective Investment Trusts$1.4M4%

INOD
INOD

Segment breakdown not available.

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