Donnelley Financial Solutions

DFIN Technology Software Application

Donnelley Financial Solutions' revenue for fiscal 2025 (year ended December 2025) was $767.0 million, down 1.91% from fiscal 2024.

Revenue
+5.53%
EPS
+157.9%
Free cash flow
+44.9%
Total debt
−17.9%

Quarter to September 2026, against a year earlier

66.92 2.68 −3.85%
Market cap
$1.6B
P/E
17.4×
Fwd P/E
16.8×
Dividend yield
—
F-score
6/9
Altman Z
4.37
Beneish M
−3.25
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 1.00
Sold, $m 11.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 — —
Sell — — 1 2 — — — — 2 1 — 3
Insider Ownership 7.89%

Capital & Financial Ratios $m

Size
Market Cap 1,640.00
Revenue ttm 787.20
Net income ttm 97.40
Free cash flow ttm 178.90
Net debt Q 99.80
Valuation
P/E 17.37
Forward P/E 16.80
Price / sales 2.10
Forward P/S Powerpack
Price / FCF 9.24
Price / book 4.04
Financial health
Current ratio Q 1.06
Debt / equity Q 0.31 (at or below 0.5: strong)
Interest coverage Q 13.04
Growth
Revenue growth Q +5.53% (above 0%: growing)
Operating income growth Q +15.60% (above 0%: growing)
EPS, this year +19.07% (at or above 15%: strong)
EPS, next year A +10.22%
Revenue, next year A +1.76%
EPS, past 5 yrs —
EPS, next 5 yrs A +13.22%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 50.68%
10-year low 10-year high
P/S against its own 10 years 86.25%
10-year low 10-year high
P/B against its own 10 years 72.04%
10-year low 10-year high
EV/Sales against its own 10 years 84.01%
10-year low 10-year high
EV/FCF against its own 10 years 20.96%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 23 57 25 27
Receivables 152 138 143 157
Inventory — — — —
Other 3 — — —
209 233 211 216
2023 2024 2025 Q'26
Payables 34 29 24 17
ST’ Debt — — 6 6
Other — — — —
202 224 200 203

Compound Annual Growth %

10y 5y 3y
Sales (3.09%) (3.03%) (2.74%)
Cash Flow 3.15% 1.35% 3.16%
Earnings (11.03%) 0.00% (31.88%)
Book Value (4.85%) 8.88% 4.79%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.27 1.44 0.85 — —
’25 1.05 1.28 (1.49) 0.23 1.15
’24 1.09 1.47 0.29 0.21 3.06
’23 0.52 1.24 0.60 0.35 2.69
’22 0.77 1.42 0.62 0.36 3.17
’21 1.02 1.24 1.22 0.73 4.14
’20 0.12 (0.04) 0.21 (1.07) (0.76)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 206 224 185 — —
’25 201 218 175 173 767
’24 203 243 180 156 782
’23 199 242 180 177 797
’22 211 266 189 168 834
’21 245 268 248 233 993
’20 221 254 210 210 895
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) 75 98 — —
’25 (38) 68 74 60 165
’24 (28) 56 86 56 171
’23 (51) 20 81 75 124
’22 (52) 46 83 73 150
’21 (38) 31 111 77 180
’20 (37) 13 76 102 154
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (16) 61 86 — —
’25 (51) 52 59 48 108
’24 (40) 37 67 41 105
’23 (62) 7 61 56 62
’22 (62) 31 69 59 96
’21 (46) 21 100 63 138
’20 (44) 4 68 95 123
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 984 1,005 963 875 895 993 834 797 782 767 787 (2.7%) 781 809 817 +2.1%
Gross margin, % 37.06 38.16 39.01 37.99 44.55 58.41 55.59 58.19 61.90 63.44 64.66 +26.4 pt
EBT 94 56 103 52 (17) 198 139 102 125 43 137 (8.3%)
EBT margin, % 9.59 5.59 10.66 5.96 (1.96) 19.91 16.71 12.79 16.00 5.62 17.45 (4.0) pt
Net income 59 10 74 38 (26) 146 103 82 92 32 97 (6.5%)
Per share, $
Per share, $ Revenue 30.17 30.36 28.49 25.65 26.39 29.65 27.06 27.21 26.78 27.89 31.87 (0.9%)
Earnings 1.81 0.29 2.18 1.10 (0.76) 4.36 3.33 2.81 3.16 1.18 3.85 (4.6%)
Cash flow 3.25 2.76 1.96 1.60 4.55 5.37 4.88 4.23 5.86 6.00 9.19 +7.0%
Capex (0.80) (0.84) (1.10) (0.42) (0.92) (1.26) (1.76) (2.11) (2.26) (2.08) (1.95) +11.1%
Free cash flow 2.45 1.92 0.86 1.18 3.63 4.11 3.12 2.12 3.60 3.92 7.24 +5.4%
Book value 3.41 4.51 6.69 7.88 7.31 11.25 10.70 13.73 14.93 13.79 16.56 +16.8%
Shares, m 33 33 34 34 34 34 31 29 29 28 26 (1.9%)
Valuation, ×
Valuation, × P/E 12.83 64.00 6.44 9.52 0.00 10.86 12.03 21.88 19.85 41.32 17.37 19.9
P/S 0.78 0.65 0.49 0.41 0.64 1.59 1.45 2.25 2.34 1.67 2.10 1.2
P/B 6.88 4.40 2.10 1.33 2.32 4.19 3.68 4.46 4.20 3.39 4.04 3.7
EV/Sales 1.36 1.06 0.82 0.75 0.84 1.68 1.64 2.40 2.45 1.87 2.23 1.5
EV/FCF 16.70 16.73 27.08 16.34 6.11 12.11 14.22 30.77 18.21 13.27 9.80 17.2
Cash, $m
Cash, $m Operating cash flow 106 91 66 55 154 180 150 124 171 165 227 +5.0%
Capex (26) (28) (37) (14) (31) (42) (54) (62) (66) (57) (48) +9.0%
Free cash flow 80 64 29 40 123 138 96 62 105 108 179 +3.4%
Balance, $m
Balance, $m Working capital 144 83 51 32 29 18 4 7 8 11 13 (24.5%)
Net debt 551 406 315 301 177 89 153 101 67 147 100 (13.7%)
Shareholders’ equity 111 149 226 269 248 377 330 402 436 379 409 +14.6%
Returns, %
Returns, % ROA 6.58 1.04 8.35 4.28 (2.96) 16.68 11.98 10.05 11.21 3.95 12.14 (2.6) pt
ROIC 9.91 10.76 13.98 8.61 0.53 29.41 18.77 13.65 16.96 16.77 18.59 +6.9 pt
ROE 16.09 7.45 39.21 15.20 (10.03) 46.70 29.02 22.47 22.04 7.95 23.41 (8.1) pt
People
People Employees 3,600 3,400 3,100 2,900 2,350 2,185 2,150 1,900 1,800 1,750 — (7.7%)
Revenue/emp, $m 0.27 0.30 0.31 0.30 0.38 0.45 0.39 0.42 0.43 0.44 — +5.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Donnelley Financial Solutions vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SOUN SoundHound AI, Inc. $1.9B — (loss-making) — (loss-making) +45.02% (above 0%: growing) n/m −49.37% (below 0%: shrinking) 45.12% (69.95%) Compare
WLTH Wealthfront Corporation $1.7B — (loss-making) 28.3× +0.82% (above 0%: growing) −86.01% (below 0%: shrinking) +22.17% (above 0%: growing) 88.28% 18.27% Compare
DFIN Donnelley Financial Solutions $1.6B 17.4× 16.8× +5.53% (above 0%: growing) n/m +44.93% (above 0%: growing) 64.76% 17.62%
ADEA Adeia Inc. $1.6B 13.8× 31.7× −8.18% (below 0%: shrinking) −74.37% (below 0%: shrinking) −75.31% (below 0%: shrinking) 100.00% 11.28% Compare
CXM Sprinklr, Inc. $1.6B 68.2× 57.4× +0.80% (above 0%: growing) −40.00% (below 0%: shrinking) −55.52% (below 0%: shrinking) 65.12% 4.66% Compare
EVCM EverCommerce Inc. $1.5B 46.1× 39.3× +2.70% (above 0%: growing) +25.00% (above 0%: growing) +3.41% (above 0%: growing) 78.61% 11.49% Compare
PDFS PDF Solutions, Inc. $1.5B 90.8× 88.2× +19.64% (above 0%: growing) +433.33% (above 0%: growing) +552.90% (above 0%: growing) 72.79% 12.13% Compare
BTDR Bitdeer Technologies Group $1.4B — (loss-making) — (loss-making) +47.05% (above 0%: growing) n/m +5.54% (above 0%: growing) (3.73%) (44.47%) Compare
LSPD Lightspeed Commerce Inc. $1.4B — (loss-making) — (loss-making) +5.82% (above 0%: growing) n/m −23,170.13% (below 0%: shrinking) 42.94% (1.72%) Compare
Median of peers $1.5B 57.2× 39.3× +4.26% −40.00% −22.98% 68.96% 7.97%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 1 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.52m 4.90m 275.13
2024 9.05m 9.53m 369.65
2023 6.76m 16.33m 367.53
2022 7.54m 3.41m 227.75
2021 7.64m 29.60m 277.78

Ownership

Directors and executive officers, together 5.20%
BlackRock, Inc. and affiliated persons 14.90%
The Vanguard Group and affiliated persons 6.80%
Mawer Investment Management Ltd. and affiliated persons 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Donnelley Financial Solutions (DFIN) Latest News

26 Oct

25 Oct

4 Aug

Impact 3 · · The Motley Fool transcript
stockrow.com/DFIN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com