Donnelley Financ Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Donnelley Financ has an operating margin of 17.5%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 87/100, reflecting efficient cost management and pricing power. This is up from 13.8% the prior year.
Donnelley Financ's revenue declined 1.9% year-over-year, from $797.2M to $781.9M. This contraction results in a growth score of 23/100.
Donnelley Financ carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Donnelley Financ's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.
Donnelley Financ converts 13.5% of revenue into free cash flow ($105.2M). This strong cash generation earns a score of 67/100.
Donnelley Financ earns a strong 21.2% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is up from 20.4% the prior year.
Donnelley Financ scores 3.89, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Donnelley Financ passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Donnelley Financ generates $1.85 in operating cash flow ($171.1M OCF vs $92.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Donnelley Financ earns $10.6 in operating income for every $1 of interest expense ($136.6M vs $12.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Donnelley Financ (DFIN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Donnelley Financ generated $781.9M in revenue in fiscal year 2024. This represents a decrease of 1.9% from the prior year.
Donnelley Financ's EBITDA was $196.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.1% from the prior year.
Donnelley Financ generated $105.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 69.1% from the prior year.
Donnelley Financ reported $92.4M in net income in fiscal year 2024. This represents an increase of 12.4% from the prior year.
Donnelley Financ earned $3.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 13.8% from the prior year.
Donnelley Financ held $57.3M in cash against $124.7M in long-term debt as of fiscal year 2024.
Donnelley Financ had 29M shares outstanding in fiscal year 2024. This represents a decrease of 1.7% from the prior year.
Donnelley Financ's gross margin was 61.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.
Donnelley Financ's operating margin was 17.5% in fiscal year 2024, reflecting core business profitability. This is up 3.7 percentage points from the prior year.
Donnelley Financ's net profit margin was 11.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Donnelley Financ's ROE was 21.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Donnelley Financ spent $81.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 102.5% from the prior year.
Donnelley Financ invested $65.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 6.6% from the prior year.
DFIN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $175.3M-19.6% | $218.1M+8.5% | $201.1M+28.7% | $156.3M-35.6% | $242.7M+19.3% | $203.4M+15.2% | $176.5M-1.9% | $180.0M |
| Cost of Revenue | $65.3M-17.6% | $79.2M+8.5% | $73.0M+16.6% | $62.6M-27.6% | $86.5M+8.0% | $80.1M+8.4% | $73.9M+4.2% | $70.9M |
| Gross Profit | $110.0M-20.8% | $138.9M+8.4% | $128.1M+36.7% | $93.7M-40.0% | $156.2M+26.7% | $123.3M+20.2% | $102.6M-6.0% | $109.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $67.3M-3.9% | $70.0M+6.4% | $65.8M-3.2% | $68.0M-10.6% | $76.1M+4.5% | $72.8M+4.0% | $70.0M+7.0% | $65.4M |
| Operating Income | $28.2M-46.6% | $52.8M+15.3% | $45.8M+392.5% | $9.3M-85.6% | $64.5M+44.6% | $44.6M+355.1% | $9.8M-67.1% | $29.8M |
| Interest Expense | $2.9M-23.7% | $3.8M+22.6% | $3.1M+24.0% | $2.5M-32.4% | $3.7M+2.8% | $3.6M0.0% | $3.6M-12.2% | $4.1M |
| Income Tax | -$17.0M-234.9% | $12.6M+12.5% | $11.2M+1300.0% | $800K-95.3% | $17.1M+111.1% | $8.1M+307.7% | -$3.9M-150.6% | $7.7M |
| Net Income | -$40.9M-213.3% | $36.1M+16.5% | $31.0M+392.1% | $6.3M-85.7% | $44.1M+32.4% | $33.3M+214.2% | $10.6M-41.4% | $18.1M |
| EPS (Diluted) | $-1.49-216.4% | $1.28+21.9% | $1.05+400.0% | $0.21-85.7% | $1.47+34.9% | $1.09+230.3% | $0.33-45.0% | $0.60 |
DFIN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $816.3M-6.7% | $874.7M+2.6% | $852.8M+1.3% | $841.6M-4.7% | $882.9M+1.7% | $867.8M+7.5% | $806.9M-3.9% | $839.3M |
| Current Assets | $217.7M-18.3% | $266.6M+9.8% | $242.9M+4.5% | $232.5M-16.5% | $278.6M+3.9% | $268.1M+28.6% | $208.5M-9.3% | $229.9M |
| Cash & Equivalents | $22.7M-32.8% | $33.8M+108.6% | $16.2M-71.7% | $57.3M+63.7% | $35.0M-19.9% | $43.7M+89.2% | $23.1M+97.4% | $11.7M |
| Inventory | N/A | N/A | N/A | $4.4M | N/A | N/A | $4.7M | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $405.7M0.0% | $405.9M+0.1% | $405.4M0.0% | $405.4M0.0% | $405.6M0.0% | $405.7M0.0% | $405.8M0.0% | $405.8M |
| Total Liabilities | $393.2M-11.2% | $442.6M+2.2% | $432.9M+6.8% | $405.5M-8.1% | $441.4M-3.8% | $458.9M+13.4% | $404.7M-10.9% | $454.0M |
| Current Liabilities | $193.3M-6.7% | $207.1M+5.8% | $195.8M-12.6% | $224.1M+16.4% | $192.5M+7.0% | $179.9M-10.8% | $201.6M+2.4% | $196.8M |
| Long-Term Debt | $148.9M-19.2% | $184.3M+0.3% | $183.7M+47.3% | $124.7M-30.6% | $179.6M-12.2% | $204.5M+64.3% | $124.5M-25.0% | $165.9M |
| Total Equity | $423.1M-2.1% | $432.1M+2.9% | $419.9M-3.7% | $436.1M-1.2% | $441.5M+8.0% | $408.9M+1.7% | $402.2M+4.4% | $385.3M |
| Retained Earnings | $554.7M-6.9% | $595.6M+6.5% | $559.5M+5.9% | $528.5M+2.9% | $513.5M+9.4% | $469.4M+7.6% | $436.1M+2.5% | $425.5M |
DFIN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $74.4M+8.8% | $68.4M+281.4% | -$37.7M-166.8% | $56.4M+0.4% | $56.2M+301.4% | -$27.9M-137.3% | $74.8M-7.1% | $80.5M |
| Capital Expenditures | $15.2M-9.0% | $16.7M+25.6% | $13.3M-11.9% | $15.1M-22.2% | $19.4M+57.7% | $12.3M-34.6% | $18.8M-2.1% | $19.2M |
| Free Cash Flow | $59.2M+14.5% | $51.7M+201.4% | -$51.0M-223.5% | $41.3M+12.2% | $36.8M+191.5% | -$40.2M-171.8% | $56.0M-8.6% | $61.3M |
| Investing Cash Flow | -$15.2M+8.4% | -$16.6M-24.8% | -$13.3M+11.9% | -$15.1M+21.8% | -$19.3M-9750.0% | $200K+101.1% | -$18.2M+5.2% | -$19.2M |
| Financing Cash Flow | -$70.2M-100.6% | -$35.0M-468.4% | $9.5M+158.6% | -$16.2M+64.1% | -$45.1M-192.8% | $48.6M+205.9% | -$45.9M+33.2% | -$68.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $34.4M-3.6% | $35.7M-32.6% | $53.0M+208.1% | $17.2M-13.6% | $19.9M-35.4% | $30.8M+528.6% | $4.9M-66.9% | $14.8M |
DFIN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.7%-0.9pp | 63.7%0.0pp | 63.7%+3.7pp | 60.0%-4.4pp | 64.4%+3.7pp | 60.6%+2.5pp | 58.1%-2.5pp | 60.6% |
| Operating Margin | 16.1%-8.1pp | 24.2%+1.4pp | 22.8%+16.8pp | 5.9%-20.6pp | 26.6%+4.6pp | 21.9%+16.4pp | 5.5%-11.0pp | 16.6% |
| Net Margin | -23.3%-39.9pp | 16.6%+1.1pp | 15.4%+11.4pp | 4.0%-14.1pp | 18.2%+1.8pp | 16.4%+10.4pp | 6.0%-4.0pp | 10.1% |
| Return on Equity | N/A | 8.3%+1.0pp | 7.4%+5.9pp | 1.4%-8.6pp | 10.0%+1.9pp | 8.1%+5.5pp | 2.6%-2.1pp | 4.7% |
| Return on Assets | -5.0%-9.1pp | 4.1%+0.5pp | 3.6%+2.9pp | 0.8%-4.2pp | 5.0%+1.2pp | 3.8%+2.5pp | 1.3%-0.9pp | 2.2% |
| Current Ratio | 1.13-0.2 | 1.29+0.0 | 1.24+0.2 | 1.04-0.4 | 1.45-0.0 | 1.49+0.5 | 1.03-0.1 | 1.17 |
| Debt-to-Equity | 0.35-0.1 | 0.43-0.0 | 0.44+0.2 | 0.29-0.1 | 0.41-0.1 | 0.50+0.2 | 0.31-0.1 | 0.43 |
| FCF Margin | 33.8%+10.1pp | 23.7%+49.1pp | -25.4%-51.8pp | 26.4%+11.3pp | 15.2%+34.9pp | -19.8%-51.5pp | 31.7%-2.3pp | 34.1% |
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Frequently Asked Questions
What is Donnelley Financ's annual revenue?
Donnelley Financ (DFIN) reported $781.9M in total revenue for fiscal year 2024. This represents a -1.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Donnelley Financ's revenue growing?
Donnelley Financ (DFIN) revenue declined by 1.9% year-over-year, from $797.2M to $781.9M in fiscal year 2024.
Is Donnelley Financ profitable?
Yes, Donnelley Financ (DFIN) reported a net income of $92.4M in fiscal year 2024, with a net profit margin of 11.8%.
What is Donnelley Financ's earnings per share (EPS)?
Donnelley Financ (DFIN) reported diluted earnings per share of $3.06 for fiscal year 2024. This represents a 13.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Donnelley Financ's EBITDA?
Donnelley Financ (DFIN) had EBITDA of $196.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Donnelley Financ have?
As of fiscal year 2024, Donnelley Financ (DFIN) had $57.3M in cash and equivalents against $124.7M in long-term debt.
What is Donnelley Financ's gross margin?
Donnelley Financ (DFIN) had a gross margin of 61.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Donnelley Financ's operating margin?
Donnelley Financ (DFIN) had an operating margin of 17.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Donnelley Financ's net profit margin?
Donnelley Financ (DFIN) had a net profit margin of 11.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Donnelley Financ's return on equity (ROE)?
Donnelley Financ (DFIN) has a return on equity of 21.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Donnelley Financ's free cash flow?
Donnelley Financ (DFIN) generated $105.2M in free cash flow during fiscal year 2024. This represents a 69.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Donnelley Financ's operating cash flow?
Donnelley Financ (DFIN) generated $171.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Donnelley Financ's total assets?
Donnelley Financ (DFIN) had $841.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Donnelley Financ's capital expenditures?
Donnelley Financ (DFIN) invested $65.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Donnelley Financ buy back shares?
Yes, Donnelley Financ (DFIN) spent $81.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Donnelley Financ have outstanding?
Donnelley Financ (DFIN) had 29M shares outstanding as of fiscal year 2024.
What is Donnelley Financ's current ratio?
Donnelley Financ (DFIN) had a current ratio of 1.04 as of fiscal year 2024, which is considered adequate.
What is Donnelley Financ's debt-to-equity ratio?
Donnelley Financ (DFIN) had a debt-to-equity ratio of 0.29 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Donnelley Financ's return on assets (ROA)?
Donnelley Financ (DFIN) had a return on assets of 11.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Donnelley Financ's Altman Z-Score?
Donnelley Financ (DFIN) has an Altman Z-Score of 3.89, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Donnelley Financ's Piotroski F-Score?
Donnelley Financ (DFIN) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Donnelley Financ's earnings high quality?
Donnelley Financ (DFIN) has an earnings quality ratio of 1.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Donnelley Financ cover its interest payments?
Donnelley Financ (DFIN) has an interest coverage ratio of 10.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Donnelley Financ?
Donnelley Financ (DFIN) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.