Donnelley Financial Solutions (DFIN) Financials

$55.55 +1.72 (+3.19%)

Closing price 03:59 PM Eastern

Extended Trading

$55.54 -0.01 (-0.02%)

As of 04:20 PM Eastern

Annual Income Statements for Donnelley Financial Solutions

This table shows Donnelley Financial Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	92	82	103	146	-26	38	74	9.70	59	104	57
Consolidated Net Income / (Loss)	92	82	103	146	-26	38	74	9.70	59	104	57
Net Income / (Loss) Continuing Operations	92	82	103	146	-26	38	74	9.70	59	104	57
Total Pre-Tax Income	125	102	139	198	-18	52	103	56	94	172	92
Total Operating Income	137	110	145	219	3.60	79	121	96	105	173	91
Total Gross Profit	484	464	463	580	399	332	376	384	365	418	427
Total Revenue	782	797	834	993	895	875	963	1,005	984	1,050	1,080
Operating Revenue	782	797	834	993	895	875	963	1,005	984	1,050	1,080
Total Cost of Revenue	298	333	370	413	496	542	587	621	619	632	653
Operating Cost of Revenue	298	333	370	413	496	542	587	621	619	632	653
Total Operating Expenses	347	354	318	361	395	254	255	288	260	245	336
Selling, General & Admin Expense	291	282	264	308	265	206	258	236	211	199	291
Depreciation Expense	60	57	46	40	51	50	46	45	43	42	41
Other Operating Expenses / (Income)	-10	5.30	0.40	-0.70	0.00	-15	-54	0.00	0.00	-	-
Restructuring Charge	6.60	9.80	7.70	14	79	14	4.40	7.10	5.40	4.40	4.80
Total Other Income / (Expense), net	-12	-8.00	-5.70	-22	-21	-26	-18	-40	-11	-1.00	1.60
Interest & Investment Income	-13	-16	-9.20	-27	-23	-38	-37	-43	-12	-1.10	-1.50
Other Income / (Expense), net	1.40	7.80	3.50	5.10	1.70	12	18	3.40	1.00	0.10	3.10
Income Tax Expense	33	20	37	52	8.40	15	29	47	35	67	35
Basic Earnings per Share	$3.16	$2.81	$3.33	$4.36	($0.76)	$1.10	$2.18	$0.29	$1.81	$3.22	$1.77
Weighted Average Basic Shares Outstanding	29.20M	29.30M	30.80M	33.50M	33.90M	34.10M	33.80M	33.10M	32.60M	32.40M	32.40M
Diluted Earnings per Share	$3.06	$2.69	$3.17	$4.14	($0.76)	$1.10	$2.16	$0.29	$1.80	$3.22	$1.77
Weighted Average Diluted Shares Outstanding	30.20M	30.60M	32.30M	35.20M	33.90M	34.30M	34M	33.30M	32.80M	32.40M	32.40M
Weighted Average Basic & Diluted Shares Outstanding	28.61M	29.09M	28.90M	32.69M	33.29M	34.25M	33.80M	33.40M	32.70M	32.40M	-

This table shows Donnelley Financial Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	31	6.30	8.70	44	33	11	18	38	16	11	19
Consolidated Net Income / (Loss)	31	6.30	8.70	44	33	11	18	38	16	11	19
Net Income / (Loss) Continuing Operations	31	6.30	8.70	44	33	11	18	38	16	11	19
Total Pre-Tax Income	42	7.10	15	61	41	6.70	26	51	18	14	27
Total Operating Income	46	9.30	18	65	45	9.80	30	56	15	17	27
Total Gross Profit	128	94	111	156	123	103	109	144	108	92	105
Total Revenue	201	156	180	243	203	177	180	242	199	168	189
Operating Revenue	201	156	180	243	203	177	180	242	199	168	189
Total Cost of Revenue	73	63	69	87	80	74	71	98	90	76	84
Operating Cost of Revenue	73	63	69	87	80	74	71	98	90	76	84
Total Operating Expenses	82	84	93	92	79	93	79	88	94	75	78
Selling, General & Admin Expense	66	68	74	76	73	70	65	76	71	59	64
Depreciation Expense	14	15	17	14	14	16	14	14	12	13	12
Other Operating Expenses / (Income)	-0.50	-0.50	0.00	0.00	-9.80	5.90	-0.20	-0.10	-0.30	0.60	0.00
Restructuring Charge	2.90	2.10	1.40	1.30	1.80	1.40	-0.30	-2.20	11	3.10	2.60
Total Other Income / (Expense), net	-3.60	-2.20	-2.80	-3.30	-3.20	-3.10	-4.00	-4.30	3.40	-3.10	0.50
Interest & Investment Income	-3.10	-2.50	-3.10	-3.70	-3.60	-3.60	-4.10	-4.60	-3.50	-3.30	-2.30
Other Income / (Expense), net	-0.50	0.30	0.30	0.40	0.40	0.50	0.10	0.30	6.90	0.20	2.80
Income Tax Expense	11	0.80	6.70	17	8.10	-3.90	7.70	14	2.40	3.10	8.00
Basic Earnings per Share	$1.08	$0.22	$0.30	$1.50	$1.14	$0.37	$0.62	$1.28	$0.54	$0.43	$0.64
Weighted Average Basic Shares Outstanding	28.70M	29.20M	29.10M	29.40M	29.30M	29.30M	29.40M	29.50M	29.20M	30.80M	29.80M
Diluted Earnings per Share	$1.05	$0.21	$0.29	$1.47	$1.09	$0.33	$0.60	$1.24	$0.52	$0.36	$0.62
Weighted Average Diluted Shares Outstanding	29.50M	30.20M	29.90M	30M	30.50M	30.60M	30.30M	30.40M	30.50M	32.30M	30.90M
Weighted Average Basic & Diluted Shares Outstanding	27.64M	28.61M	28.86M	29.03M	29.32M	29.09M	29.11M	29.32M	29.43M	28.90M	29.10M

This table details how cash moves in and out of Donnelley Financial Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	34	-11	-20	-19	56	-30	-2.50	15	21	-14	7.40
Net Cash From Operating Activities	171	124	150	180	154	55	66	91	106	121	125
Net Cash From Continuing Operating Activities	171	124	150	180	154	55	66	91	106	121	125
Net Income / (Loss) Continuing Operations	92	82	103	146	-26	38	74	9.70	59	104	57
Consolidated Net Income / (Loss)	92	82	103	146	-26	38	74	9.70	59	104	57
Depreciation Expense	60	57	46	40	51	50	46	45	43	42	41
Amortization Expense	9.30	15	16	17	23	22	0.00	0.00	-	-	-
Non-Cash Adjustments To Reconcile Net Income	29	32	26	29	73	-8.80	-58	5.20	4.60	2.30	93
Changes in Operating Assets and Liabilities, net	-20	-63	-41	-52	33	-46	5.30	32	-1.00	-27	-65
Net Cash From Investing Activities	-53	-51	-51	-45	-20	-12	30	-31	-29	-37	-30
Net Cash From Continuing Investing Activities	-53	-51	-51	-45	-20	-12	30	-31	-29	-37	-30
Purchase of Property, Plant & Equipment	-66	-62	-54	-42	-31	-45	-37	-28	-26	-27	-29
Sale of Property, Plant & Equipment	12	0.00	0.00	-	0.00	31	0.00	0.00	-	-	5.30
Divestitures	0.00	0.50	3.30	0.00	0.00	-	-	-	0.00	-	-
Sale and/or Maturity of Investments	0.20	10	0.00	0.00	13	13	3.10	0.00	-	-	-
Net Cash From Financing Activities	-82	-85	-121	-155	-78	-75	-99	-46	-60	-95	-90
Net Cash From Continuing Financing Activities	-82	-85	-121	-155	-78	-75	-99	-46	-60	-95	-90
Repayment of Debt	-160	-347	-301	-594	-435	-588	-459	-434	-68	-39	-28
Repurchase of Common Equity	-82	-40	-165	-41	-12	-1.80	-1.50	-0.90	0.00	0.00	-
Issuance of Debt	160	302	346	478	369	516	360	302	348	0.00	-
Issuance of Common Equity	2.40	3.10	0.40	2.30	-	-	1.20	19	0.00	0.00	-
Other Financing Activities, net	-2.90	-2.40	-1.80	-0.80	0.00	0.00	-	68	-340	-56	-63
Effect of Exchange Rate Changes	-1.50	0.80	1.50	0.80	-0.50	2.10	-	-	4.40	-2.50	2.00
Cash Interest Paid	13	17	7.60	22	25	32	35	40	-	-	-
Cash Income Taxes Paid	41	38	38	65	22	25	10	31	-	-	-

This table details how cash moves in and out of Donnelley Financial Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-41	24	-1.40	-8.70	21	11	-7.70	-9.40	-5.40	23	-7.00
Net Cash From Operating Activities	-38	56	86	56	-28	75	81	20	-52	73	83
Net Cash From Continuing Operating Activities	-38	56	86	56	-28	75	81	20	-52	73	83
Net Income / (Loss) Continuing Operations	31	6.30	8.70	44	33	11	18	38	16	11	19
Consolidated Net Income / (Loss)	31	6.30	8.70	44	33	11	18	38	16	11	19
Depreciation Expense	14	15	17	14	14	16	14	14	12	13	12
Amortization Expense	1.70	2.40	2.30	2.30	2.30	5.90	2.80	3.00	3.70	4.30	4.10
Non-Cash Adjustments To Reconcile Net Income	7.30	8.10	10	12	-1.00	14	8.30	9.90	0.30	7.50	5.70
Changes in Operating Assets and Liabilities, net	-92	25	48	-17	-76	29	37	-45	-84	38	43
Net Cash From Investing Activities	-13	-15	-19	-19	0.20	-18	-19	-12	-1.70	-12	-15
Net Cash From Continuing Investing Activities	-13	-15	-19	-19	0.20	-18	-19	-12	-1.70	-12	-15
Purchase of Property, Plant & Equipment	-13	-15	-19	-19	-12	-19	-19	-13	-11	-15	-15
Sale of Property, Plant & Equipment	0.00	-	-	-	12	-	-	-	0.00	-	-
Sale and/or Maturity of Investments	0.00	-	-	0.10	0.10	0.10	-	1.00	8.90	-	-
Net Cash From Financing Activities	9.50	-16	-69	-45	49	-46	-69	-18	48	-38	-76
Net Cash From Continuing Financing Activities	9.50	-16	-69	-45	49	-46	-69	-18	48	-38	-76
Repayment of Debt	-196	-	-76	-26	-59	-126	-103	-85	-34	-98	-104
Repurchase of Common Equity	-53	-17	-14	-20	-31	-4.90	-15	-2.20	-18	-15	-33
Issuance of Debt	259	-	21	0.50	139	84	49	70	99	76	61
Issuance of Common Equity	0.60	1.80	-	0.60	0.00	1.20	0.60	0.10	1.20	-	-
Other Financing Activities, net	-0.90	-0.80	-0.70	-0.80	-0.60	-0.70	-0.50	-0.60	-0.60	-0.70	-0.50
Effect of Exchange Rate Changes	0.40	-1.40	0.70	-0.50	-0.30	0.70	-0.30	0.30	0.10	-0.90	0.70
Cash Interest Paid	1.90	2.60	3.20	4.70	2.80	3.80	4.10	4.60	4.10	2.70	2.10
Cash Income Taxes Paid	3.00	7.30	12	19	1.90	5.90	12	18	2.70	4.00	12

This table presents Donnelley Financial Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	842	807	828	883	866	887	869	894	979	818
Total Current Assets	233	209	228	280	267	211	249	270	330	191
Cash & Equivalents	57	23	34	55	74	17	47	52	36	15
Accounts Receivable	138	152	164	199	174	161	173	165	156	146
Prepaid Expenses	37	31	28	24	9.70	16	17	30	17	7.30
Other Current Assets	0.00	2.60	2.60	2.60	5.50	5.60	-	-	96	-
Plant, Property, & Equipment, net	8.90	14	18	19	12	18	32	35	36	33
Total Noncurrent Assets	600	585	582	585	586	658	588	589	614	594
Goodwill	405	406	406	410	410	450	450	447	446	447
Intangible Assets	97	88	83	72	61	77	85	81	96	113
Noncurrent Deferred & Refundable Income Taxes	56	46	33	32	34	9.00	9.70	22	37	11
Other Noncurrent Operating Assets	42	46	60	71	82	122	43	38	35	24
Total Liabilities & Shareholders' Equity	842	807	828	883	866	887	869	894	979	818
Total Liabilities	406	405	499	506	618	618	643	744	868	194
Total Current Liabilities	224	202	225	261	239	180	198	187	186	124
Accounts Payable	29	34	49	36	54	59	72	68	85	40
Accrued Expenses	185	154	159	207	165	121	126	119	101	75
Other Current Liabilities	10	14	16	18	20	-	-	-	-	-
Total Noncurrent Liabilities	181	203	274	245	379	439	444	557	682	70
Long-Term Debt	125	125	169	124	231	296	363	458	587	29
Noncurrent Employee Benefit Liabilities	36	48	57	60	72	79	71	75	81	29
Other Noncurrent Operating Liabilities	21	31	48	61	77	64	11	24	14	13
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	436	402	330	377	248	269	226	149	111	624
Total Preferred & Common Equity	436	402	330	377	248	269	226	149	111	624
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	436	402	330	377	248	269	226	149	111	624
Common Stock	334	306	281	261	239	226	217	206	180	0.00
Retained Earnings	529	436	354	251	106	132	94	8.90	-0.80	0.00
Treasury Stock	-344	-262	-	-57	-16	-	-2.40	-0.90	-	-
Accumulated Other Comprehensive Income / (Loss)	-82	-78	-83	-78	-81	-85	-83	-65	-68	-16

This table presents Donnelley Financial Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	853	844	883	868	839	902	871	851
Total Current Assets	243	237	279	268	230	296	266	252
Cash & Equivalents	16	34	35	44	12	19	29	11
Accounts Receivable	198	178	217	194	190	243	200	211
Prepaid Expenses	29	26	27	30	26	31	35	28
Plant, Property, & Equipment, net	8.10	12	13	13	15	16	18	18
Total Noncurrent Assets	602	595	592	587	595	590	587	581
Goodwill	405	406	406	406	406	406	406	409
Intangible Assets	97	95	95	91	92	89	87	80
Noncurrent Deferred & Refundable Income Taxes	57	51	49	47	43	39	36	31
Other Noncurrent Operating Assets	42	43	42	44	53	56	57	62
Total Liabilities & Shareholders' Equity	853	844	883	868	839	902	871	851
Total Liabilities	433	399	441	459	454	526	539	519
Total Current Liabilities	196	207	193	180	197	209	202	222
Short-Term Debt	5.80	-	-	-	-	-	-	-
Accounts Payable	38	34	36	44	37	52	54	42
Accrued Expenses	142	162	145	123	145	142	132	163
Other Current Liabilities	10	11	12	13	15	15	16	17
Total Noncurrent Liabilities	237	192	249	279	257	317	337	297
Long-Term Debt	184	125	180	205	166	220	235	192
Noncurrent Employee Benefit Liabilities	34	45	46	47	55	56	56	55
Other Noncurrent Operating Liabilities	19	22	24	28	37	42	46	51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	420	445	442	409	385	376	333	332
Total Preferred & Common Equity	420	445	442	409	385	376	333	332
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	420	445	442	409	385	376	333	332
Common Stock	340	326	319	311	300	293	286	275
Retained Earnings	560	522	514	469	426	407	370	343
Treasury Stock	-398	-327	-313	-293	-257	-242	-240	-208
Accumulated Other Comprehensive Income / (Loss)	-81	-77	-78	-78	-83	-82	-83	-79

This table displays calculated financial ratios and metrics derived from Donnelley Financial Solutions' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.92%	-4.37%	-16.08%	11.05%	2.26%	-9.17%	-4.17%	2.18%	-6.29%	-2.83%	0.00%
EBITDA Growth	9.27%	-10.09%	-25.11%	254.72%	-50.90%	-12.58%	28.97%	-3.82%	-30.40%	59.36%	0.00%
EBIT Growth	17.15%	-20.67%	-33.82%	4,133.96%	-94.12%	-35.29%	40.67%	-6.51%	-38.66%	84.03%	0.00%
NOPAT Growth	13.82%	-16.91%	-34.04%	6,319.00%	-95.55%	-34.72%	425.42%	-74.90%	-37.27%	85.99%	0.00%
Net Income Growth	12.41%	-19.80%	-29.75%	663.32%	-168.88%	-48.91%	658.76%	-83.59%	-43.34%	81.71%	0.00%
EPS Growth	13.75%	-15.14%	-23.43%	644.74%	-169.09%	-49.07%	644.83%	-83.89%	-44.10%	81.92%	0.00%
Operating Cash Flow Growth	37.98%	-17.44%	-16.56%	16.73%	182.94%	-17.80%	-27.46%	-13.77%	-12.32%	-3.51%	0.00%
Free Cash Flow Firm Growth	103.83%	-44.14%	-26.06%	-17.40%	186.70%	-49.89%	-17.63%	143.94%	109.29%	0.00%	0.00%
Invested Capital Growth	-0.02%	8.42%	4.03%	10.33%	-26.07%	1.11%	-2.57%	-16.04%	2.40%	0.00%	0.00%
Revenue Q/Q Growth	-2.52%	1.12%	-7.24%	2.32%	2.29%	-1.13%	-2.48%	0.38%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-2.31%	-1.35%	-9.82%	31.90%	-36.50%	25.21%	-2.63%	5.59%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-0.50%	-5.61%	-14.51%	44.87%	-89.14%	13.03%	-3.40%	8.78%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	-5.10%	0.12%	-14.88%	67.64%	-91.83%	10.78%	42.62%	-71.91%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-4.45%	-0.36%	-12.54%	72.66%	-253.25%	27.03%	44.60%	-70.25%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-3.77%	-1.10%	-8.65%	70.37%	-255.10%	26.44%	46.94%	-70.10%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-9.71%	1.22%	-2.28%	-12.15%	38.67%	5.42%	-2.64%	10.25%	-10.70%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-8.45%	-19.35%	10.95%	-24.17%	44.88%	96.79%	-14.30%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-5.98%	-6.65%	-9.35%	-4.39%	-23.45%	-8.48%	-5.47%	-11.77%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	61.90%	58.19%	55.59%	58.41%	44.55%	37.99%	39.01%	38.16%	37.06%	39.83%	39.51%
EBITDA Margin	26.54%	23.82%	25.34%	28.39%	8.89%	18.51%	19.23%	14.29%	15.18%	20.44%	12.46%
Operating Margin	17.47%	13.80%	17.39%	22.08%	0.40%	8.97%	12.58%	9.52%	10.68%	16.46%	8.41%
EBIT Margin	17.65%	14.78%	17.81%	22.59%	0.59%	10.31%	14.48%	9.86%	10.78%	16.47%	8.69%
Profit (Net Income) Margin	11.82%	10.31%	12.30%	14.69%	-2.90%	4.30%	7.64%	0.97%	6.01%	9.94%	5.31%
Tax Burden Percent	73.86%	80.59%	73.58%	73.76%	148.00%	72.17%	71.67%	17.26%	62.67%	60.75%	62.12%
Interest Burden Percent	90.65%	86.59%	93.80%	88.15%	-330.19%	57.76%	73.67%	56.71%	88.96%	99.36%	98.40%
Effective Tax Rate	26.14%	19.41%	26.42%	26.24%	0.00%	27.83%	28.34%	82.74%	37.33%	39.25%	37.88%
Return on Invested Capital (ROIC)	20.04%	18.31%	23.42%	38.01%	0.53%	10.41%	15.82%	2.71%	10.06%	32.46%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	9.97%	12.86%	19.32%	24.00%	-12.52%	3.99%	12.17%	1.29%	7.72%	27.15%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2.01%	4.15%	5.59%	8.70%	-10.56%	4.80%	23.39%	4.73%	6.03%	1.00%	0.00%
Return on Equity (ROE)	22.04%	22.47%	29.02%	46.70%	-10.03%	15.20%	39.21%	7.45%	16.09%	33.46%	0.00%
Cash Return on Invested Capital (CROIC)	20.06%	10.24%	19.47%	28.19%	30.51%	9.30%	18.43%	20.16%	7.69%	-167.54%	0.00%
Operating Return on Assets (OROA)	16.74%	14.41%	17.35%	25.66%	0.60%	10.28%	15.82%	10.59%	11.80%	21.14%	0.00%
Return on Assets (ROA)	11.21%	10.05%	11.98%	16.68%	-2.96%	4.28%	8.35%	1.04%	6.58%	12.76%	0.00%
Return on Common Equity (ROCE)	22.04%	22.47%	29.02%	46.70%	-10.03%	15.20%	39.21%	7.45%	16.09%	33.46%	0.00%
Return on Equity Simple (ROE_SIMPLE)	21.19%	20.44%	31.11%	38.70%	-10.45%	14.00%	32.57%	6.49%	53.20%	16.73%	0.00%
Net Operating Profit after Tax (NOPAT)	101	89	107	162	2.52	57	87	17	66	105	56
NOPAT Margin	12.90%	11.12%	12.80%	16.29%	0.28%	6.48%	9.01%	1.64%	6.69%	10.00%	5.22%
Net Nonoperating Expense Percent (NNEP)	10.06%	5.45%	4.10%	14.01%	13.05%	6.41%	3.65%	1.42%	2.34%	5.31%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	17.99%	16.83%	21.39%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	38.10%	41.81%	44.41%	41.59%	55.45%	62.01%	60.99%	61.84%	62.94%	60.17%	60.49%
SG&A Expenses to Revenue	37.20%	35.39%	31.67%	30.98%	29.60%	23.53%	26.81%	23.50%	21.43%	18.98%	26.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	44.43%	44.39%	38.20%	36.33%	44.15%	29.02%	26.44%	28.64%	26.39%	23.37%	31.11%
Earnings before Interest and Taxes (EBIT)	138	118	149	224	5.30	90	139	99	106	173	94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	208	190	211	282	80	162	185	144	149	215	135
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.15	4.51	3.41	4.14	2.29	1.34	2.12	4.40	6.74	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.32	2.28	1.35	1.57	0.63	0.41	0.50	0.65	0.76	0.00	0.00
Price to Earnings (P/E)	19.59	22.09	10.97	10.71	0.00	9.55	6.50	67.71	12.68	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.10%	4.53%	9.11%	9.34%	0.00%	10.47%	15.38%	1.48%	7.89%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.73	3.81	2.71	3.65	1.79	1.17	1.47	1.91	1.96	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.40	2.40	1.51	1.64	0.81	0.73	0.82	1.06	1.32	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	9.05	10.09	5.97	5.79	9.10	3.94	4.29	7.40	8.71	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	13.61	16.27	8.48	7.27	136.47	7.07	5.69	10.73	12.26	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.61	21.62	11.81	10.09	287.02	11.26	9.15	64.36	19.75	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.97	15.46	8.39	9.07	4.69	11.71	11.97	11.63	12.26	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	18.59	38.69	14.20	13.60	4.98	12.59	7.85	8.66	25.84	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.31	0.51	0.33	0.93	1.10	1.60	3.07	5.28	0.06	0.00
Long-Term Debt to Equity	0.29	0.31	0.51	0.33	0.93	1.10	1.60	3.07	5.28	0.05	0.00
Financial Leverage	0.20	0.32	0.29	0.36	0.84	1.20	1.92	3.67	0.78	0.04	0.00
Leverage Ratio	1.97	2.23	2.42	2.80	3.39	3.55	4.69	7.19	2.45	1.31	0.00
Compound Leverage Factor	1.78	1.94	2.27	2.47	-11.21	2.05	3.46	4.08	2.18	1.30	0.00
Debt to Total Capital	22.24%	23.64%	33.93%	24.75%	48.19%	52.43%	61.61%	75.42%	84.09%	5.74%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.33%	0.00%
Long-Term Debt to Total Capital	22.24%	23.64%	33.93%	24.75%	48.19%	52.43%	61.61%	75.42%	84.09%	4.41%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.76%	76.36%	66.07%	75.25%	51.81%	47.57%	38.39%	24.58%	15.91%	94.26%	0.00%
Debt to EBITDA	0.60	0.66	0.80	0.44	2.90	1.83	1.96	3.19	3.93	0.18	0.00
Net Debt to EBITDA	0.32	0.53	0.64	0.25	1.97	1.72	1.70	2.83	3.69	0.11	0.00
Long-Term Debt to EBITDA	0.60	0.66	0.80	0.44	2.90	1.83	1.96	3.19	3.93	0.14	0.00
Debt to NOPAT	1.24	1.40	1.59	0.77	91.47	5.22	4.18	27.75	8.92	0.36	0.00
Net Debt to NOPAT	0.67	1.14	1.27	0.43	62.26	4.92	3.63	24.60	8.37	0.22	0.00
Long-Term Debt to NOPAT	1.24	1.40	1.59	0.77	91.47	5.22	4.18	27.75	8.92	0.28	0.00
Altman Z-Score	5.04	4.93	3.55	4.24	1.81	1.92	2.31	2.15	2.05	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	1.03	1.02	1.07	1.12	1.18	1.26	1.44	1.77	1.54	0.00
Quick Ratio	0.87	0.87	0.88	0.97	1.04	1.00	1.11	1.16	1.03	1.30	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	101	50	89	120	145	51	101	123	50	-541	0.00
Operating Cash Flow to CapEx	319.81%	200.65%	277.12%	425.53%	495.82%	383.80%	178.71%	328.78%	404.58%	446.13%	533.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.95	0.98	0.97	1.14	1.02	1.00	1.09	1.07	1.09	1.28	0.00
Accounts Receivable Turnover	5.40	5.06	4.60	5.33	5.34	5.23	5.70	6.25	6.50	7.18	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	62.00	46.76	33.18	26.22	26.74	28.45	0.00
Fixed Asset Turnover	69.81	51.27	45.93	64.71	60.64	35.20	28.79	28.63	28.72	31.80	0.00
Accounts Payable Turnover	9.52	8.02	8.66	9.13	8.80	8.29	8.38	8.12	9.92	15.99	0.00
Days Sales Outstanding (DSO)	67.64	72.18	79.38	68.46	68.33	69.75	64.07	58.37	56.11	50.85	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	5.89	7.81	11.00	13.92	13.65	12.83	0.00
Days Payable Outstanding (DPO)	38.35	45.50	42.15	39.98	41.47	44.04	43.57	44.96	36.79	22.83	0.00
Cash Conversion Cycle (CCC)	29.29	26.68	37.23	28.48	32.75	33.51	31.51	27.33	32.97	40.85	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	504	504	465	447	405	547	541	556	662	646	0.00
Invested Capital Turnover	1.55	1.65	1.83	2.33	1.88	1.61	1.76	1.65	1.50	3.25	0.00
Increase / (Decrease) in Invested Capital	-0.10	39	18	42	-143	6.00	-14	-106	16	646	0.00
Enterprise Value (EV)	1,878	1,917	1,260	1,632	723	638	794	1,063	1,300	0.00	0.00
Market Capitalization	1,810	1,815	1,125	1,562	566	359	478	657	749	0.00	0.00
Book Value per Share	$15.11	$13.82	$11.32	$11.37	$7.42	$7.83	$6.63	$4.43	$3.41	$19.24	$0.00
Tangible Book Value per Share	($2.28)	($3.13)	($5.49)	($3.18)	($6.68)	($7.54)	($9.06)	($11.25)	($13.23)	$1.98	$0.00
Total Capital	561	527	499	501	478	565	589	608	698	662	0.00
Total Debt	125	125	169	124	231	296	363	458	587	38	0.00
Total Long-Term Debt	125	125	169	124	231	296	363	458	587	29	0.00
Net Debt	67	101	135	70	157	279	315	406	551	23	0.00
Capital Expenditures (CapEx)	54	62	54	42	31	14	37	28	26	27	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-49	-16	-31	-36	-45	15	3.30	31	107	61	0.00
Debt-free Net Working Capital (DFNWC)	8.40	6.90	3.60	18	29	32	51	83	144	76	0.00
Net Working Capital (NWC)	8.40	6.90	3.60	18	29	32	51	83	144	67	0.00
Net Nonoperating Expense (NNE)	8.49	6.45	4.19	16	28	19	13	6.82	6.71	0.61	-0.99
Net Nonoperating Obligations (NNO)	67	101	135	70	157	279	315	406	551	23	0.00
Total Depreciation and Amortization (D&A)	70	72	63	58	74	72	46	45	43	42	41
Debt-free, Cash-free Net Working Capital to Revenue	-6.25%	-2.03%	-3.67%	-3.64%	-5.02%	1.66%	0.34%	3.09%	10.92%	5.79%	0.00%
Debt-free Net Working Capital to Revenue	1.07%	0.87%	0.43%	1.84%	3.21%	3.62%	5.25%	8.27%	14.60%	7.23%	0.00%
Net Working Capital to Revenue	1.07%	0.87%	0.43%	1.84%	3.21%	3.62%	5.25%	8.27%	14.60%	6.39%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.16	$2.81	$3.33	$4.36	($0.76)	$1.10	$2.18	$0.29	$1.81	$3.22	$1.77
Adjusted Weighted Average Basic Shares Outstanding	29.20M	29.30M	30.80M	33.50M	33.90M	34.10M	33.80M	33.10M	32.60M	32.40M	32.40M
Adjusted Diluted Earnings per Share	$3.06	$2.69	$3.17	$4.14	($0.76)	$1.10	$2.16	$0.29	$1.80	$3.22	$1.77
Adjusted Weighted Average Diluted Shares Outstanding	30.20M	30.60M	32.30M	35.20M	33.90M	34.30M	34M	33.30M	32.80M	32.40M	32.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.61M	29.09M	28.90M	32.69M	33.29M	34.25M	34.12M	33.84M	32.61M	32.40M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	106	97	112	172	58	66	90	72	69	108	59
Normalized NOPAT Margin	13.53%	12.11%	13.48%	17.29%	6.48%	7.60%	9.34%	7.16%	7.04%	10.25%	5.50%
Pre Tax Income Margin	16.00%	12.79%	16.71%	19.91%	-1.96%	5.96%	10.66%	5.59%	9.59%	16.36%	8.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	88.31%	49.03%	160.68%	28.03%	-45.56%	4.79%	2.04%	9.28%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Donnelley Financial Solutions' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.13%	-11.44%	-0.28%	0.25%	2.42%	5.25%	-4.61%	-9.05%	-5.88%	-27.96%	-23.82%
EBITDA Growth	-0.16%	-15.46%	-19.32%	11.19%	61.90%	-7.58%	3.97%	-9.84%	-24.85%	-40.14%	-44.00%
EBIT Growth	0.67%	-6.80%	-38.13%	16.10%	107.37%	-40.46%	1.36%	-15.56%	-38.87%	-59.29%	-55.77%
NOPAT Growth	-6.21%	-46.78%	-50.82%	13.75%	179.21%	16.46%	10.93%	-13.60%	-53.12%	-58.55%	-58.22%
Net Income Growth	-6.91%	-40.57%	-51.93%	16.98%	110.76%	-2.75%	-5.73%	-18.04%	-40.15%	-57.42%	-54.50%
EPS Growth	-3.67%	-36.36%	-51.67%	18.55%	109.62%	-8.33%	-3.23%	-12.68%	-32.47%	-45.45%	-49.18%
Operating Cash Flow Growth	-35.13%	-24.60%	7.33%	178.22%	45.83%	2.05%	-3.36%	-55.90%	1.34%	-4.56%	-24.89%
Free Cash Flow Firm Growth	108.14%	135.40%	330.58%	65.97%	-58.51%	-403.49%	76.67%	117.43%	158.77%	51.60%	-124.86%
Invested Capital Growth	4.13%	-0.02%	-0.74%	1.68%	5.75%	8.42%	5.29%	3.35%	0.20%	4.03%	9.72%
Revenue Q/Q Growth	28.66%	-12.92%	-26.04%	19.32%	15.24%	-1.94%	-25.65%	21.90%	18.43%	-11.13%	-29.11%
EBITDA Q/Q Growth	127.99%	-29.47%	-53.37%	33.17%	93.06%	-32.70%	-35.74%	93.92%	10.20%	-24.28%	-44.28%
EBIT Q/Q Growth	371.88%	-48.11%	-71.49%	44.22%	336.89%	-65.55%	-46.51%	157.60%	25.43%	-41.36%	-55.44%
NOPAT Q/Q Growth	307.71%	-19.74%	-77.88%	29.56%	131.38%	-25.84%	-48.83%	218.02%	-3.49%	-29.36%	-60.15%
Net Income Q/Q Growth	392.06%	-27.59%	-80.27%	32.43%	214.15%	-41.44%	-51.99%	138.61%	44.95%	-43.23%	-58.26%
EPS Q/Q Growth	400.00%	-27.59%	-80.27%	34.86%	230.30%	-45.00%	-51.61%	138.46%	44.44%	-41.94%	-56.34%
Operating Cash Flow Q/Q Growth	-166.84%	-34.72%	53.74%	301.43%	-137.30%	-7.08%	298.51%	139.22%	-170.26%	-12.00%	81.88%
Free Cash Flow Firm Q/Q Growth	21.46%	-41.52%	-61.17%	654.59%	120.66%	-280.95%	-127.95%	88.62%	350.69%	82.35%	-360.53%
Invested Capital Q/Q Growth	17.82%	-5.98%	-8.63%	2.88%	13.13%	-6.65%	-6.40%	7.00%	15.97%	-9.35%	-8.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.70%	59.95%	61.73%	64.36%	60.62%	58.13%	60.61%	59.44%	54.53%	54.86%	55.54%
EBITDA Margin	30.38%	17.15%	21.17%	33.58%	30.09%	17.96%	26.17%	30.28%	19.03%	20.45%	24.01%
Operating Margin	22.77%	5.95%	10.14%	26.58%	21.93%	5.55%	16.56%	22.97%	7.45%	10.20%	14.15%
EBIT Margin	22.53%	6.14%	10.31%	26.74%	22.12%	5.84%	16.61%	23.09%	10.93%	10.32%	15.63%
Profit (Net Income) Margin	15.42%	4.03%	4.85%	18.17%	16.37%	6.01%	10.06%	15.57%	7.96%	6.50%	10.17%
Tax Burden Percent	73.46%	88.73%	56.49%	72.06%	80.43%	158.21%	70.16%	73.49%	86.81%	77.86%	70.59%
Interest Burden Percent	93.16%	73.96%	83.24%	94.30%	92.00%	65.05%	86.29%	91.77%	83.87%	80.92%	92.20%
Effective Tax Rate	26.54%	11.27%	43.51%	27.94%	19.57%	-58.21%	29.85%	26.51%	13.19%	22.14%	29.41%
Return on Invested Capital (ROIC)	22.43%	8.20%	8.55%	26.44%	25.52%	14.47%	17.41%	23.72%	9.87%	14.53%	18.33%
ROIC Less NNEP Spread (ROIC-NNEP)	20.85%	5.89%	7.26%	25.06%	24.12%	10.32%	15.74%	22.21%	11.39%	12.17%	18.57%
Return on Net Nonoperating Assets (RNNOA)	8.40%	1.19%	2.14%	10.58%	11.93%	3.33%	7.36%	12.90%	6.46%	3.52%	7.78%
Return on Equity (ROE)	30.84%	9.38%	10.69%	37.02%	37.45%	17.80%	24.77%	36.62%	16.34%	18.05%	26.10%
Cash Return on Invested Capital (CROIC)	12.92%	20.06%	20.52%	18.42%	14.49%	10.24%	11.68%	11.91%	17.01%	19.47%	16.33%
Operating Return on Assets (OROA)	20.41%	5.83%	9.82%	24.05%	20.41%	5.69%	15.50%	20.14%	10.30%	10.05%	15.23%
Return on Assets (ROA)	13.97%	3.82%	4.62%	16.34%	15.10%	5.86%	9.38%	13.58%	7.50%	6.33%	9.91%
Return on Common Equity (ROCE)	30.84%	9.38%	10.69%	37.02%	37.45%	17.80%	24.77%	36.62%	16.34%	18.05%	26.10%
Return on Equity Simple (ROE_SIMPLE)	21.46%	0.00%	21.75%	24.03%	24.38%	0.00%	21.41%	22.23%	27.62%	0.00%	35.35%
Net Operating Profit after Tax (NOPAT)	34	8.25	10	46	36	16	21	41	13	13	19
NOPAT Margin	16.73%	5.28%	5.73%	19.15%	17.64%	8.78%	11.61%	16.88%	6.47%	7.94%	9.99%
Net Nonoperating Expense Percent (NNEP)	1.58%	2.31%	1.29%	1.38%	1.40%	4.15%	1.67%	1.52%	-1.51%	2.36%	-0.24%
Return On Investment Capital (ROIC_SIMPLE)	5.52%	1.47%	-	-	-	2.94%	-	-	-	2.67%	-
Cost of Revenue to Revenue	36.30%	40.05%	38.27%	35.64%	39.38%	41.87%	39.39%	40.56%	45.47%	45.14%	44.46%
SG&A Expenses to Revenue	32.72%	43.51%	41.23%	31.36%	35.79%	39.66%	36.33%	31.47%	35.50%	34.88%	33.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.92%	54.00%	51.59%	37.78%	38.69%	52.58%	44.06%	36.47%	47.08%	44.66%	41.39%
Earnings before Interest and Taxes (EBIT)	45	9.60	19	65	45	10	30	56	22	17	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	61	27	38	82	61	32	47	73	38	34	45
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.98	4.15	4.30	3.96	4.41	4.51	4.28	3.56	3.55	3.41	3.31
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.60	2.32	2.38	2.18	2.25	2.28	2.09	1.68	1.44	1.35	1.22
Price to Earnings (P/E)	13.88	19.59	19.77	16.47	18.10	22.09	20.00	16.03	12.85	10.97	9.37
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.21%	5.10%	5.06%	6.07%	5.52%	4.53%	5.00%	6.24%	7.78%	9.11%	10.67%
Enterprise Value to Invested Capital (EV/IC)	2.40	3.73	3.74	3.23	3.45	3.81	3.34	2.67	2.57	2.71	2.50
Enterprise Value to Revenue (EV/Rev)	1.83	2.40	2.50	2.36	2.45	2.40	2.29	1.93	1.69	1.51	1.42
Enterprise Value to EBITDA (EV/EBITDA)	6.87	9.05	9.43	8.54	9.22	10.09	9.37	8.08	6.98	5.97	5.46
Enterprise Value to EBIT (EV/EBIT)	10.30	13.61	14.44	12.61	13.93	16.27	14.46	12.38	10.30	8.48	7.37
Enterprise Value to NOPAT (EV/NOPAT)	14.44	18.61	18.83	16.20	17.66	21.62	20.38	17.86	14.97	11.81	10.21
Enterprise Value to Operating Cash Flow (EV/OCF)	8.83	10.97	10.57	10.31	13.32	15.46	14.73	12.29	9.19	8.39	8.32
Enterprise Value to Free Cash Flow (EV/FCFF)	18.95	18.59	18.15	17.67	24.47	38.69	29.37	22.80	15.15	14.20	16.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.29	0.28	0.41	0.50	0.31	0.43	0.58	0.71	0.51	0.58
Long-Term Debt to Equity	0.44	0.29	0.28	0.41	0.50	0.31	0.43	0.58	0.71	0.51	0.58
Financial Leverage	0.40	0.20	0.30	0.42	0.49	0.32	0.47	0.58	0.57	0.29	0.42
Leverage Ratio	2.08	1.97	2.03	2.18	2.35	2.23	2.36	2.55	2.54	2.42	2.67
Compound Leverage Factor	1.93	1.45	1.69	2.06	2.16	1.45	2.03	2.34	2.13	1.96	2.46
Debt to Total Capital	31.10%	22.24%	21.89%	28.92%	33.34%	23.64%	30.10%	36.89%	41.37%	33.93%	36.64%
Short-Term Debt to Total Capital	0.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	30.14%	22.24%	21.89%	28.92%	33.34%	23.64%	30.10%	36.89%	41.37%	33.93%	36.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	68.90%	77.76%	78.11%	71.08%	66.66%	76.36%	69.90%	63.11%	58.63%	66.07%	63.36%
Debt to EBITDA	0.91	0.60	0.59	0.81	0.96	0.66	0.86	1.15	1.18	0.80	0.82
Net Debt to EBITDA	0.84	0.32	0.43	0.65	0.75	0.53	0.80	1.05	1.04	0.64	0.77
Long-Term Debt to EBITDA	0.89	0.60	0.59	0.81	0.96	0.66	0.86	1.15	1.18	0.80	0.82
Debt to NOPAT	1.92	1.24	1.17	1.54	1.84	1.40	1.87	2.55	2.53	1.59	1.53
Net Debt to NOPAT	1.76	0.67	0.86	1.24	1.44	1.14	1.74	2.32	2.22	1.27	1.44
Long-Term Debt to NOPAT	1.86	1.24	1.17	1.54	1.84	1.40	1.87	2.55	2.53	1.59	1.53
Altman Z-Score	3.81	4.54	4.81	4.46	4.33	4.49	4.00	3.36	3.02	3.03	3.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.24	1.04	1.15	1.45	1.49	1.03	1.17	1.42	1.32	1.02	1.13
Quick Ratio	1.10	0.87	1.02	1.31	1.32	0.87	1.02	1.26	1.13	0.88	1.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	10	8.35	14	37	4.87	-24	-6.19	22	12	-4.69	-27
Operating Cash Flow to CapEx	-283.46%	373.51%	452.36%	289.69%	0.00%	397.87%	419.27%	153.03%	-485.85%	495.27%	570.55%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.95	0.95	0.90	0.92	0.98	0.93	0.87	0.94	0.97	0.97
Accounts Receivable Turnover	3.97	5.40	4.36	3.49	4.07	5.06	3.94	3.09	3.92	4.60	3.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	74.96	69.81	61.00	55.54	51.91	51.27	48.52	42.85	44.87	45.93	50.49
Accounts Payable Turnover	7.06	9.52	8.71	7.14	6.62	8.02	8.45	6.20	6.67	8.66	8.49
Days Sales Outstanding (DSO)	91.86	67.64	83.66	104.62	89.63	72.18	92.71	118.26	93.01	79.38	92.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	51.71	38.35	41.91	51.10	55.13	45.50	43.19	58.88	54.71	42.15	42.99
Cash Conversion Cycle (CCC)	40.15	29.29	41.76	53.52	34.51	26.68	49.52	59.38	38.30	37.23	49.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	593	504	536	586	570	504	540	576	539	465	512
Invested Capital Turnover	1.34	1.55	1.49	1.38	1.45	1.65	1.50	1.41	1.53	1.83	1.84
Increase / (Decrease) in Invested Capital	24	-0.10	-4.00	9.70	31	39	27	19	1.10	18	45
Enterprise Value (EV)	1,424	1,878	2,002	1,892	1,966	1,917	1,805	1,540	1,387	1,260	1,280
Market Capitalization	1,251	1,810	1,911	1,748	1,805	1,815	1,650	1,340	1,181	1,125	1,099
Book Value per Share	$14.68	$15.11	$15.31	$15.06	$13.96	$13.82	$13.14	$12.78	$11.51	$11.32	$11.16
Tangible Book Value per Share	($2.90)	($2.28)	($1.94)	($2.02)	($2.98)	($3.13)	($3.84)	($4.05)	($5.55)	($5.49)	($5.31)
Total Capital	609	561	569	621	613	527	551	596	568	499	523
Total Debt	190	125	125	180	205	125	166	220	235	169	192
Total Long-Term Debt	184	125	125	180	205	125	166	220	235	169	192
Net Debt	173	67	91	145	161	101	154	200	206	135	181
Capital Expenditures (CapEx)	13	15	19	19	-0.10	19	19	13	11	15	15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	-49	-3.40	51	45	-16	21	68	36	-31	19
Debt-free Net Working Capital (DFNWC)	53	8.40	30	86	88	6.90	33	87	65	3.60	30
Net Working Capital (NWC)	47	8.40	30	86	88	6.90	33	87	65	3.60	30
Net Nonoperating Expense (NNE)	2.64	1.95	1.58	2.38	2.57	4.90	2.81	3.16	-2.95	2.41	-0.35
Net Nonoperating Obligations (NNO)	173	67	91	145	161	101	154	200	206	135	181
Total Depreciation and Amortization (D&A)	16	17	20	17	16	21	17	17	16	17	16
Debt-free, Cash-free Net Working Capital to Revenue	4.71%	-6.25%	-0.42%	6.37%	5.55%	-2.03%	2.71%	8.47%	4.37%	-3.67%	2.11%
Debt-free Net Working Capital to Revenue	6.79%	1.07%	3.77%	10.73%	11.00%	0.87%	4.20%	10.90%	7.88%	0.43%	3.32%
Net Working Capital to Revenue	6.04%	1.07%	3.77%	10.73%	11.00%	0.87%	4.20%	10.90%	7.88%	0.43%	3.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.08	$0.22	$0.30	$1.50	$1.14	$0.37	$0.62	$1.28	$0.54	$0.43	$0.64
Adjusted Weighted Average Basic Shares Outstanding	28.70M	29.20M	29.10M	29.40M	29.30M	29.30M	29.40M	29.50M	29.20M	30.80M	29.80M
Adjusted Diluted Earnings per Share	$1.05	$0.21	$0.29	$1.47	$1.09	$0.33	$0.60	$1.24	$0.52	$0.36	$0.62
Adjusted Weighted Average Diluted Shares Outstanding	29.50M	30.20M	29.90M	30M	30.50M	30.60M	30.30M	30.40M	30.50M	32.30M	30.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.64M	28.61M	28.86M	29.03M	29.32M	29.09M	29.11M	29.32M	29.43M	28.90M	29.10M
Normalized Net Operating Profit after Tax (NOPAT)	36	10	11	47	37	7.84	21	39	22	16	21
Normalized NOPAT Margin	17.79%	6.47%	6.17%	19.54%	18.35%	4.44%	11.50%	16.21%	11.23%	9.38%	10.96%
Pre Tax Income Margin	20.98%	4.54%	8.58%	25.22%	20.35%	3.80%	14.33%	21.19%	9.16%	8.35%	14.41%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	115.21%	88.31%	71.66%	66.35%	52.86%	49.03%	60.73%	82.18%	142.00%	160.68%	140.27%

Frequently Asked Questions About Donnelley Financial Solutions' Financials

When does Donnelley Financial Solutions's fiscal year end?

According to the most recent income statement we have on file, Donnelley Financial Solutions' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Donnelley Financial Solutions' net income changed over the last 10 years?

Donnelley Financial Solutions' net income appears to be on an upward trend, with a most recent value of $92.40 million in 2024, rising from $57.40 million in 2014. The previous period was $82.20 million in 2023. See Donnelley Financial Solutions' forecast for analyst expectations on what’s next for the company.

What is Donnelley Financial Solutions's operating income?

Donnelley Financial Solutions's total operating income in 2024 was $136.60 million, based on the following breakdown:

Total Gross Profit: $484 million
Total Operating Expenses: $347.40 million

How has Donnelley Financial Solutions revenue changed over the last 10 years?

Over the last 10 years, Donnelley Financial Solutions' total revenue changed from $1.08 billion in 2014 to $781.90 million in 2024, a change of -27.6%.

How much debt does Donnelley Financial Solutions have?

Donnelley Financial Solutions' total liabilities were at $405.50 million at the end of 2024, a 0.2% increase from 2023, and a 108.9% increase since 2015.

How much cash does Donnelley Financial Solutions have?

In the past 9 years, Donnelley Financial Solutions' cash and equivalents has ranged from $15.10 million in 2015 to $73.60 million in 2020, and is currently $57.30 million as of their latest financial filing in 2024.

How has Donnelley Financial Solutions' book value per share changed over the last 10 years?

Over the last 10 years, Donnelley Financial Solutions' book value per share changed from 0.00 in 2014 to 15.11 in 2024, a change of 1,511.2%.

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This page (NYSE:DFIN) was last updated on 5/27/2025 by MarketBeat.com Staff

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Donnelley Financial Solutions (DFIN) Financials

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Donnelley Financial Solutions (DFIN) Financials

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