DFINNYSEServices-Miscellaneous Business ServicesFiscal year ends December 31
Donnelley Financial Solutions, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$52.24+0.43 (+0.83%)
Close on Oct 19, 2026
- Market cap
- $1.32B
- P/E (TTM)
- 36.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
63.4%+18.9 pts over 5 years
Operating margin
18.4%+18.0 pts over 5 years
Net margin
4.2%+7.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.9% | -2.7% | -3.0% | -3.1% | |
| Gross profit | +0.5% | +1.6% | +4.1% | – | |
| Operating income | +3.3% | -0.9% | +108.3% | -2.0% | |
| Net income | -64.9% | -31.9% | – | -11.0% | |
| EPS, diluted | -62.4% | -28.7% | – | -9.8% | |
| Free cash flow | +2.5% | +3.9% | -2.6% | +1.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.1% | -10.0% | 7.9% | |
| Return on assets | 6.6% | -3.0% | 3.9% | |
| Current ratio | 1.77 | 1.12 | 1.06 | |
| Debt to equity | 5.28 | 0.93 | 0.45 | |
| Net debt to EBITDA | 3.71× | 2.88× | 0.73× | |
| Interest coverage | 9.0× | 0.2× | 10.9× | |
| Inventory turnover | – | 62.0× | 56.1× | |
| Capex to revenue | 2.7% | 3.5% | 7.4% | |
| Diluted shares | 33M | 34M | 28M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Donnelley Financial Solutions generated $790.20M from operations and spent $793.80M on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
Generated
$790.20M
Used
$793.80M
Capital expenditure$281.30M35%Dividends$00%Share buybacks$512.50M65%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.2%
×Asset turnover0.93×
×Equity multiplier2.01×
=Return on equity, FY20257.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.2% | 0.93× | 2.01× | 7.9% |
| FY2024 | 11.8% | 0.95× | 1.97× | 22.0% |
| FY2023 | 10.3% | 0.98× | 2.23× | 22.5% |
| FY2022 | 12.3% | 0.97× | 2.42× | 29.0% |
| FY2021 | 14.7% | 1.14× | 2.80× | 46.7% |
| FY2020 | -2.9% | 1.02× | 3.39× | -10.0% |
| FY2019 | 4.3% | 1.00× | 3.55× | 15.2% |
| FY2018 | 7.6% | 1.09× | 4.69× | 39.2% |
| FY2017 | 1.0% | 1.07× | 7.19× | 7.4% |
| FY2016 | 6.0% | 1.09× | 2.45× | 16.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$32.40M
- Cash generatingOperating cash flow above zero$164.90M
- Return on assets improvedROA up on the prior year11.5% → 3.8%
- Earnings backed by cashOperating cash flow above net income$164.90M vs $32.40M
- Less leverageLong-term debt to assets fell14.8% → 20.7%
- Better liquidityCurrent ratio rose1.04 → 1.06
- No dilutionShare count did not rise30M → 28M
- Gross margin improvedGross margin up on the prior year61.90% → 63.44%
- More efficientAsset turnover rose0.97 → 0.91