Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 2.80%, EPS grew 11.5%, free cash flow grew 18.4% and total debt rose 7.31%, each against the same quarter a year earlier. Dividend growth for three consecutive years; insiders bought in the last twelve months.
51.82
0.45
+0.88%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 5 | 6 | 4 | 6 | 8 | 4 | 8 | 8 | 6 |
P/E ratio |
12.83 | 64.00 | 6.44 | 9.52 | 0.00 | 10.86 | 12.03 | 21.88 | 19.85 | 41.32 |
Altman Z-Score |
2.05 | 2.12 | 2.23 | 1.88 | 1.82 | 4.24 | 3.62 | 4.91 | 5.07 | 4.37 |
P/S ratio |
0.78 | 0.65 | 0.49 | 0.41 | 0.64 | 1.59 | 1.45 | 2.25 | 2.34 | 1.67 |
P/FCF ratio |
9.58 | 10.33 | 16.24 | 8.86 | 4.67 | 11.47 | 12.62 | 28.86 | 17.41 | 11.91 |
Altman Z″-Score (non-manufacturers) |
1.81 | 1.57 | 2.04 | 1.77 | 1.06 | 3.51 | 3.29 | 3.78 | 4.33 | 4.51 |
P/Operating CF |
15.54 | 11.38 | 8.48 | 6.08 | 5.66 | 20.56 | 16.53 | 24.00 | 32.48 | 21.47 |
Beneish M-Score |
(3.08) | (3.20) | (2.39) | (2.53) | (3.55) | (2.59) | (2.90) | (2.78) | (3.06) | (3.25) |
P/B ratio |
6.88 | 4.40 | 2.10 | 1.33 | 2.32 | 4.19 | 3.68 | 4.46 | 4.20 | 3.39 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 59.67 | 0.00 |
EV/Sales |
1.36 | 1.06 | 0.82 | 0.75 | 0.84 | 1.68 | 1.64 | 2.40 | 2.45 | 1.87 |
EV/EBITDA |
8.99 | 7.59 | 4.74 | 4.38 | 9.67 | 6.02 | 6.57 | 10.51 | 9.30 | 6.91 |
EV/Operating CF |
12.57 | 11.64 | 11.92 | 12.08 | 4.88 | 9.27 | 9.09 | 15.43 | 11.20 | 8.68 |
EV/FCF |
16.70 | 16.73 | 27.08 | 16.34 | 6.11 | 12.11 | 14.22 | 30.77 | 18.21 | 13.27 |
Quick Ratio |
1.55 | 1.16 | 1.11 | 1.00 | 1.04 | 0.97 | 0.88 | 0.87 | 0.87 | 0.84 |
Current Ratio |
1.77 | 1.44 | 1.26 | 1.18 | 1.12 | 1.07 | 1.02 | 1.03 | 1.04 | 1.06 |
Net Debt/EBITDA |
3.71 | 2.90 | 1.89 | 2.01 | 2.27 | 0.32 | 0.74 | 0.56 | 0.33 | 0.71 |
Debt/Assets |
59.97% | 51.29% | 41.75% | 35.92% | 28.92% | 16.25% | 22.64% | 15.43% | 14.82% | 21.40% |
Debt/Equity |
5.28 | 3.07 | 1.60 | 1.19 | 1.01 | 0.38 | 0.57 | 0.31 | 0.29 | 0.45 |
Asset Turnover |
1.09 | 1.07 | 1.09 | 1.00 | 1.02 | 1.14 | 0.97 | 0.98 | 0.95 | 0.93 |
Operating CF/Net income |
1.79 | 9.42 | 0.90 | 1.45 | (5.95) | 1.23 | 1.47 | 1.51 | 1.85 | 5.09 |
Capex/Depreciation |
(0.61) | (0.62) | (0.81) | (0.20) | (0.42) | (0.73) | (0.86) | (0.86) | (0.95) | (0.86) |
Interest Coverage |
8.97 | 2.23 | 3.30 | 2.06 | 0.16 | 8.24 | 15.76 | 6.96 | 10.59 | 10.94 |
| 16.09% | 7.45% | 39.21% | 15.20% | (10.03%) | 46.70% | 29.02% | 22.47% | 22.04% | 7.95% | |
| 6.58% | 1.04% | 8.35% | 4.28% | (2.96%) | 16.68% | 11.98% | 10.05% | 11.21% | 3.95% | |
ROIC |
9.91% | 10.76% | 13.98% | 8.61% | 0.53% | 29.41% | 18.77% | 13.65% | 16.96% | 16.77% |
Return on Tangible Assets |
33.00% | 8.23% | 88.89% | 76.42% | (63.64%) | 394.32% | 483.49% | 402.94% | 534.10% | 160.40% |
Average Days of Receivables |
93.60 | 60.00 | 65.53 | 67.35 | 70.80 | 73.16 | 71.59 | 69.50 | 64.42 | 68.05 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
21.43% | 23.50% | 26.81% | 23.53% | 29.60% | 30.98% | 31.67% | 35.39% | 37.20% | 36.23% |
Intangible Assets out of Total Assets |
0.51 | 0.55 | 0.56 | 0.53 | 0.48 | 0.47 | 0.50 | 0.50 | 0.48 | 0.51 |
Share Based Compensation of Revenue |
0.25% | 0.68% | 0.96% | 1.02% | 1.52% | 1.96% | 2.32% | 2.82% | 3.22% | 4.09% |
Graham Net Nets |
(0.70) | (0.72) | (0.83) | (1.14) | (0.61) | (0.14) | (0.22) | (0.11) | (0.09) | (0.16) |
Graham Number |
11.84 | 5.61 | 18.11 | 13.96 | 0.00 | 33.15 | 28.06 | 29.41 | 32.59 | 18.72 |
Earnings Yield |
7.80% | 1.56% | 15.54% | 10.51% | (4.60%) | 9.21% | 8.31% | 4.57% | 5.04% | 2.42% |
Free Cash Flow Yield |
10.43% | 9.68% | 6.16% | 11.29% | 21.40% | 8.72% | 7.92% | 3.46% | 5.74% | 8.40% |
Revenue per Share |
30.17 | 30.36 | 28.49 | 25.65 | 26.39 | 29.65 | 27.06 | 27.21 | 26.78 | 27.89 |
Operating CF per Share |
3.25 | 2.76 | 1.96 | 1.60 | 4.55 | 5.37 | 4.88 | 4.23 | 5.86 | 6.00 |
Capex per Share |
(0.80) | (0.84) | (1.10) | (0.42) | (0.92) | (1.26) | (1.76) | (2.11) | (2.26) | (2.08) |
Free Cash Flow per Share |
2.45 | 1.92 | 0.86 | 1.18 | 3.63 | 4.11 | 3.12 | 2.12 | 3.60 | 3.92 |
Cash per Share |
1.11 | 1.57 | 1.40 | 0.50 | 2.17 | 1.63 | 1.11 | 0.79 | 1.96 | 0.89 |
Shareholders Equity per Share |
3.41 | 4.51 | 6.69 | 7.88 | 7.31 | 11.25 | 10.70 | 13.73 | 14.93 | 13.79 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.41 | 4.51 | 6.69 | 7.88 | 7.31 | 11.25 | 10.70 | 13.73 | 14.93 | 13.79 |
Free Cash Flow |
79.80 | 63.60 | 29.20 | 40.30 | 123.10 | 137.70 | 96.00 | 62.20 | 105.20 | 107.80 |
Working Capital |
143.60 | 83.10 | 50.60 | 31.70 | 28.70 | 18.30 | 3.60 | 6.90 | 8.40 | 11.40 |
Capital Expenditures |
(26.20) | (27.80) | (37.10) | (14.20) | (31.10) | (42.30) | (54.20) | (61.80) | (65.90) | (57.10) |
Net Current Asset Value |
(538.20) | (474.00) | (393.70) | (407.10) | (350.60) | (226.60) | (270.40) | (196.20) | (173.00) | (209.80) |
EV/EBIT |
12.69 | 11.12 | 6.53 | 8.39 | 208.88 | 7.61 | 9.41 | 17.40 | 14.03 | 10.14 |
Capex to Sales |
0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.04 | 0.07 | 0.08 | 0.08 | 0.07 |
Price to Operating Income |
7.28 | 6.86 | 3.92 | 4.55 | 159.80 | 7.20 | 8.35 | 16.32 | 13.41 | 9.10 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.22 | 1.28 | 1.42 | 4.10 | 6.18 | 3.08 | 3.56 | 5.34 | 7.81 | 7.51 |
Cash ROIC |
10.87% | 9.64% | 4.59% | 6.67% | 21.53% | 23.95% | 17.42% | 11.31% | 17.02% | 18.75% |
Accounts Receivable Turnover |
4.94 | 4.82 | 5.70 | 5.23 | 5.34 | 5.33 | 4.60 | 5.06 | 5.40 | 5.46 |
Accounts Payable Turnover |
9.92 | 8.12 | 8.38 | 8.29 | 8.80 | 9.13 | 8.66 | 8.02 | 9.52 | 10.70 |
Inventory Turnover |
26.74 | 26.22 | 33.18 | 46.76 | 62.00 | 78.69 | 54.84 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
50.30 | 39.82 | 45.00 | 39.37 | 39.89 | 32.07 | 48.51 | 37.12 | 35.16 | 30.85 |
Days of Inventory on Hand |
14.21 | 13.69 | 7.52 | 7.47 | 3.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
199.20 | 208.70 | 169.05 | 167.15 | 167.45 | 186.30 | 181.30 | 157.65 | 144.90 | 140.50 |
Average Payables |
62.40 | 76.55 | 70.10 | 65.45 | 56.35 | 45.25 | 42.75 | 41.55 | 31.30 | 26.20 |
Average Inventory |
23.15 | 23.70 | 17.70 | 11.60 | 8.00 | 5.25 | 6.75 | — | — | — |
Average Assets |
898.25 | 936.20 | 881.10 | 877.80 | 876.25 | 874.45 | 855.80 | 817.60 | 824.25 | 821.00 |
Average Common Equity |
367.30 | 130.25 | 187.70 | 247.30 | 258.20 | 312.40 | 353.25 | 365.85 | 419.15 | 407.65 |
Columns are period end dates