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Side-by-side financial comparison of DLH Holdings Corp. (DLHC) and FINANCIAL INSTITUTIONS INC (FISI). Click either name above to swap in a different company.

DLH Holdings Corp. is the larger business by last-quarter revenue ($68.9M vs $62.7M, roughly 1.1× FINANCIAL INSTITUTIONS INC). FINANCIAL INSTITUTIONS INC runs the higher net margin — 33.5% vs -1.9%, a 35.4% gap on every dollar of revenue. Over the past eight quarters, FINANCIAL INSTITUTIONS INC's revenue compounded faster (-2.0% CAGR vs -17.4%).

DLH Holdings Corp. is a U.S.-based provider of technology-enabled healthcare, logistics, engineering, and mission support services primarily serving federal government agencies including the Department of Veterans Affairs, Department of Defense, and Department of Health and Human Services, as well as select state and local government clients across core public service segments.

The Mizuho Financial Group, Inc. , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000–2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

DLHC vs FISI — Head-to-Head

Bigger by revenue
DLHC
DLHC
1.1× larger
DLHC
$68.9M
$62.7M
FISI
Higher net margin
FISI
FISI
35.4% more per $
FISI
33.5%
-1.9%
DLHC
Faster 2-yr revenue CAGR
FISI
FISI
Annualised
FISI
-2.0%
-17.4%
DLHC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DLHC
DLHC
FISI
FISI
Revenue
$68.9M
$62.7M
Net Profit
$-1.3M
$21.0M
Gross Margin
Operating Margin
2.1%
Net Margin
-1.9%
33.5%
Revenue YoY
-24.1%
Net Profit YoY
-218.7%
24.3%
EPS (diluted)
$-0.09
$1.04

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
DLHC
DLHC
FISI
FISI
Q1 26
$62.7M
Q4 25
$68.9M
$64.1M
Q3 25
$81.2M
$63.8M
Q2 25
$83.3M
$59.7M
Q1 25
$89.2M
$57.2M
Q4 24
$90.8M
$41.6M
Q3 24
$96.4M
$50.1M
Q2 24
$100.7M
$65.2M
Net Profit
DLHC
DLHC
FISI
FISI
Q1 26
$21.0M
Q4 25
$-1.3M
$20.0M
Q3 25
$-920.0K
$20.5M
Q2 25
$289.0K
$17.5M
Q1 25
$878.0K
$16.9M
Q4 24
$1.1M
$-82.8M
Q3 24
$2.3M
$13.5M
Q2 24
$1.1M
$25.6M
Operating Margin
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
2.1%
37.4%
Q3 25
2.8%
39.5%
Q2 25
4.5%
36.0%
Q1 25
5.7%
36.0%
Q4 24
6.2%
-276.9%
Q3 24
6.6%
29.0%
Q2 24
5.7%
46.2%
Net Margin
DLHC
DLHC
FISI
FISI
Q1 26
33.5%
Q4 25
-1.9%
38.3%
Q3 25
-1.1%
32.1%
Q2 25
0.3%
29.3%
Q1 25
1.0%
29.5%
Q4 24
1.2%
-198.9%
Q3 24
2.4%
26.9%
Q2 24
1.1%
39.3%
EPS (diluted)
DLHC
DLHC
FISI
FISI
Q1 26
$1.04
Q4 25
$-0.09
$0.96
Q3 25
$-0.07
$0.99
Q2 25
$0.02
$0.85
Q1 25
$0.06
$0.81
Q4 24
$0.08
$-5.32
Q3 24
$0.16
$0.84
Q2 24
$0.08
$1.62

Balance Sheet & Financial Strength

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

Metric
DLHC
DLHC
FISI
FISI
Cash + ST InvestmentsLiquidity on hand
$257.0K
$85.5M
Total DebtLower is stronger
$133.5M
$114.0M
Stockholders' EquityBook value
$112.2M
Total Assets
$283.5M
$6.3B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLHC
DLHC
FISI
FISI
Q1 26
$85.5M
Q4 25
$257.0K
$108.8M
Q3 25
$125.0K
$185.9M
Q2 25
$194.0K
$93.0M
Q1 25
$196.0K
$167.4M
Q4 24
$451.0K
$87.3M
Q3 24
$342.0K
Q2 24
$423.0K
Total Debt
DLHC
DLHC
FISI
FISI
Q1 26
$114.0M
Q4 25
$133.5M
$193.7M
Q3 25
$128.0M
$115.0M
Q2 25
$138.3M
$115.0M
Q1 25
$147.3M
$124.9M
Q4 24
$162.2M
$124.8M
Q3 24
$149.4M
$124.8M
Q2 24
$160.9M
$124.7M
Stockholders' Equity
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
$112.2M
$628.9M
Q3 25
$113.0M
$621.7M
Q2 25
$113.7M
$601.7M
Q1 25
$112.8M
$589.9M
Q4 24
$111.4M
$569.0M
Q3 24
$110.1M
$500.3M
Q2 24
$108.6M
$467.7M
Total Assets
DLHC
DLHC
FISI
FISI
Q1 26
$6.3B
Q4 25
$283.5M
$6.3B
Q3 25
$290.7M
$6.3B
Q2 25
$299.3M
$6.1B
Q1 25
$306.6M
$6.3B
Q4 24
$325.0M
$6.1B
Q3 24
$314.4M
$6.2B
Q2 24
$325.0M
$6.1B
Debt / Equity
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
1.19×
0.31×
Q3 25
1.13×
0.18×
Q2 25
1.22×
0.19×
Q1 25
1.31×
0.21×
Q4 24
1.46×
0.22×
Q3 24
1.36×
0.25×
Q2 24
1.48×
0.27×

Cash Flow & Capital Efficiency

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

Metric
DLHC
DLHC
FISI
FISI
Operating Cash FlowLast quarter
$-4.8M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-7.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
$-4.8M
$18.8M
Q3 25
$10.7M
$-6.9M
Q2 25
$9.6M
$-5.7M
Q1 25
$14.5M
$10.0M
Q4 24
$-11.5M
$77.1M
Q3 24
$12.4M
$2.1M
Q2 24
$4.6M
$35.7M
Free Cash Flow
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
$-4.8M
$13.3M
Q3 25
$10.7M
$-7.9M
Q2 25
$9.4M
$-7.3M
Q1 25
$14.0M
$9.2M
Q4 24
$-12.1M
$72.2M
Q3 24
$12.2M
$-299.0K
Q2 24
$4.5M
$34.7M
FCF Margin
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
-7.0%
20.7%
Q3 25
13.1%
-12.4%
Q2 25
11.2%
-12.3%
Q1 25
15.6%
16.1%
Q4 24
-13.3%
173.3%
Q3 24
12.7%
-0.6%
Q2 24
4.4%
53.3%
Capex Intensity
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
0.1%
8.7%
Q3 25
0.0%
1.6%
Q2 25
0.3%
2.7%
Q1 25
0.6%
1.4%
Q4 24
0.6%
11.9%
Q3 24
0.2%
4.9%
Q2 24
0.2%
1.5%
Cash Conversion
DLHC
DLHC
FISI
FISI
Q1 26
Q4 25
0.94×
Q3 25
-0.34×
Q2 25
33.12×
-0.33×
Q1 25
16.52×
0.59×
Q4 24
-10.35×
Q3 24
5.42×
0.16×
Q2 24
4.06×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLHC
DLHC

Sales Channel Directly To Consumer$64.5M94%
Sales Channel Through Intermediary$4.4M6%

FISI
FISI

Net Interest Income$52.0M83%
Noninterest Income$10.7M17%

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