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Donnelley Financial Solutions, Inc.（DFIN）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
VIRTUS INVESTMENT PARTNERS, INC.的季度营收约是Donnelley Financial Solutions, Inc.的1.2倍（$199.5M vs $172.5M），Donnelley Financial Solutions, Inc.净利率更高（3.6% vs 3.6%，领先0.0%），Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs -4.1%），过去两年VIRTUS INVESTMENT PARTNERS, INC.的营收复合增速更高（-5.7% vs -7.9%）
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
DFIN vs VRTS — 直观对比
营收规模更大
VRTS
是对方的1.2倍
$172.5M
营收增速更快
DFIN
高出14.4%
-4.1%
净利率更高
DFIN
高出0.0%
3.6%
两年增速更快
VRTS
近两年复合增速
-7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $199.5M |
| 净利润 | $6.2M | $7.1M |
| 毛利率 | — | — |
| 营业利润率 | 8.3% | 7.7% |
| 净利率 | 3.6% | 3.6% |
| 营收同比 | 10.4% | -4.1% |
| 净利润同比 | -1.6% | -78.1% |
| 每股收益（稀释后） | $0.31 | $1.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DFINVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $172.5M | $208.0M | ||
| Q3 25 | $175.3M | $216.4M | ||
| Q2 25 | $218.1M | $210.5M | ||
| Q1 25 | $201.1M | $217.9M | ||
| Q4 24 | $156.3M | $233.5M | ||
| Q3 24 | $179.5M | $227.0M | ||
| Q2 24 | $242.7M | $224.4M |
净利润DFINVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $6.2M | $33.9M | ||
| Q3 25 | $-40.9M | $31.3M | ||
| Q2 25 | $36.1M | $42.7M | ||
| Q1 25 | $31.0M | $28.1M | ||
| Q4 24 | $6.3M | $39.5M | ||
| Q3 24 | $8.7M | $49.1M | ||
| Q2 24 | $44.1M | $26.0M |
营业利润率DFINVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | 8.3% | 19.1% | ||
| Q3 25 | 16.1% | 21.7% | ||
| Q2 25 | 24.2% | 21.5% | ||
| Q1 25 | 22.8% | 16.8% | ||
| Q4 24 | 6.0% | 21.7% | ||
| Q3 24 | 10.1% | 24.3% | ||
| Q2 24 | 26.6% | 19.7% |
净利率DFINVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | 3.6% | 16.3% | ||
| Q3 25 | -23.3% | 14.5% | ||
| Q2 25 | 16.6% | 20.3% | ||
| Q1 25 | 15.4% | 12.9% | ||
| Q4 24 | 4.0% | 16.9% | ||
| Q3 24 | 4.8% | 21.6% | ||
| Q2 24 | 18.2% | 11.6% |
每股收益（稀释后）DFINVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.31 | $5.15 | ||
| Q3 25 | $-1.49 | $4.65 | ||
| Q2 25 | $1.28 | $6.12 | ||
| Q1 25 | $1.05 | $4.05 | ||
| Q4 24 | $0.21 | $4.65 | ||
| Q3 24 | $0.29 | $5.71 | ||
| Q2 24 | $1.47 | $2.43 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $24.5M | $136.6M |
| 总债务越低越好 | $171.3M | — |
| 股东权益账面价值 | $379.2M | $93.6B |
| 总资产 | $800.4M | — |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资DFINVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $24.5M | — | ||
| Q3 25 | $22.7M | — | ||
| Q2 25 | $33.8M | — | ||
| Q1 25 | $16.2M | — | ||
| Q4 24 | $57.3M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $35.0M | — |
总债务DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | $171.3M | $390.0M | ||
| Q3 25 | $154.7M | $390.6M | ||
| Q2 25 | $190.1M | $231.3M | ||
| Q1 25 | $189.5M | $231.7M | ||
| Q4 24 | $124.7M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益DFINVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $379.2M | $934.0M | ||
| Q3 25 | $423.1M | $918.7M | ||
| Q2 25 | $432.1M | $896.4M | ||
| Q1 25 | $419.9M | $893.7M | ||
| Q4 24 | $436.1M | $897.5M | ||
| Q3 24 | $444.5M | $889.0M | ||
| Q2 24 | $441.5M | $868.7M |
总资产DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | $800.4M | $4.3B | ||
| Q3 25 | $816.3M | $3.9B | ||
| Q2 25 | $874.7M | $3.7B | ||
| Q1 25 | $852.8M | $3.7B | ||
| Q4 24 | $841.6M | $4.0B | ||
| Q3 24 | $843.6M | $3.6B | ||
| Q2 24 | $882.9M | $3.6B |
负债/权益比DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 0.42× | ||
| Q3 25 | 0.37× | 0.43× | ||
| Q2 25 | 0.44× | 0.26× | ||
| Q1 25 | 0.45× | 0.26× | ||
| Q4 24 | 0.29× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $59.8M | — |
| 自由现金流经营现金流 - 资本支出 | $47.9M | — |
| 自由现金流率自由现金流/营收 | 27.8% | — |
| 资本支出强度资本支出/营收 | 6.9% | — |
| 现金转化率经营现金流/净利润 | 9.65× | — |
| 过去12个月自由现金流最近4个季度 | $107.8M | — |
8季度趋势，按日历期对齐
经营现金流DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | $59.8M | $-67.2M | ||
| Q3 25 | $74.4M | $108.3M | ||
| Q2 25 | $68.4M | $75.8M | ||
| Q1 25 | $-37.7M | $-3.8M | ||
| Q4 24 | $56.4M | $1.8M | ||
| Q3 24 | $86.4M | $69.1M | ||
| Q2 24 | $56.2M | $70.0M |
自由现金流DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | $47.9M | $-74.1M | ||
| Q3 25 | $59.2M | $106.9M | ||
| Q2 25 | $51.7M | $74.2M | ||
| Q1 25 | $-51.0M | $-6.8M | ||
| Q4 24 | $41.3M | $-3.8M | ||
| Q3 24 | $67.3M | $68.7M | ||
| Q2 24 | $36.8M | $68.6M |
自由现金流率DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | -35.6% | ||
| Q3 25 | 33.8% | 49.4% | ||
| Q2 25 | 23.7% | 35.2% | ||
| Q1 25 | -25.4% | -3.1% | ||
| Q4 24 | 26.4% | -1.6% | ||
| Q3 24 | 37.5% | 30.3% | ||
| Q2 24 | 15.2% | 30.6% |
资本支出强度DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 3.3% | ||
| Q3 25 | 8.7% | 0.7% | ||
| Q2 25 | 7.7% | 0.7% | ||
| Q1 25 | 6.6% | 1.4% | ||
| Q4 24 | 9.7% | 2.4% | ||
| Q3 24 | 10.6% | 0.2% | ||
| Q2 24 | 8.0% | 0.6% |
现金转化率DFINVRTS
| Q1 26 | — | — | ||
| Q4 25 | 9.65× | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | 1.89× | 1.77× | ||
| Q1 25 | -1.22× | -0.13× | ||
| Q4 24 | 8.95× | 0.04× | ||
| Q3 24 | 9.93× | 1.41× | ||
| Q2 24 | 1.27× | 2.69× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
