Donnelley Financial Solutions (DFIN) Financials

$51.72 -0.68 (-1.29%)

Closing price 03:59 PM Eastern

Extended Trading

$53.32 +1.60 (+3.10%)

As of 06:04 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	57	104	59	9.70	74	38	-26	146	103	82	92
Consolidated Net Income / (Loss)	57	104	59	9.70	74	38	-26	146	103	82	92
Net Income / (Loss) Continuing Operations	57	104	59	9.70	74	38	-26	146	103	82	92
Total Pre-Tax Income	92	172	94	56	103	52	-18	198	139	102	125
Total Operating Income	91	173	105	96	121	79	3.60	219	145	110	137
Total Gross Profit	427	418	365	384	376	332	399	580	463	464	484
Total Revenue	1,080	1,050	984	1,005	963	875	895	993	834	797	782
Operating Revenue	1,080	1,050	984	1,005	963	875	895	993	834	797	782
Total Cost of Revenue	653	632	619	621	587	542	496	413	370	333	298
Operating Cost of Revenue	653	632	619	621	587	542	496	413	370	333	298
Total Operating Expenses	336	245	260	288	255	254	395	361	318	354	347
Selling, General & Admin Expense	291	199	211	236	258	206	265	308	264	282	291
Depreciation Expense	41	42	43	45	46	50	51	40	46	57	60
Other Operating Expenses / (Income)	-	-	0.00	0.00	-54	-15	0.00	-0.70	0.40	5.30	-10
Restructuring Charge	4.80	4.40	5.40	7.10	4.40	14	79	14	7.70	9.80	6.60
Total Other Income / (Expense), net	1.60	-1.00	-11	-40	-18	-26	-21	-22	-5.70	-8.00	-12
Interest & Investment Income	-1.50	-1.10	-12	-43	-37	-38	-23	-27	-9.20	-16	-13
Other Income / (Expense), net	3.10	0.10	1.00	3.40	18	12	1.70	5.10	3.50	7.80	1.40
Income Tax Expense	35	67	35	47	29	15	8.40	52	37	20	33
Basic Earnings per Share	$1.77	$3.22	$1.81	$0.29	$2.18	$1.10	($0.76)	$4.36	$3.33	$2.81	$3.16
Weighted Average Basic Shares Outstanding	32.40M	32.40M	32.60M	33.10M	33.80M	34.10M	33.90M	33.50M	30.80M	29.30M	29.20M
Diluted Earnings per Share	$1.77	$3.22	$1.80	$0.29	$2.16	$1.10	($0.76)	$4.14	$3.17	$2.69	$3.06
Weighted Average Diluted Shares Outstanding	32.40M	32.40M	32.80M	33.30M	34M	34.30M	33.90M	35.20M	32.30M	30.60M	30.20M
Weighted Average Basic & Diluted Shares Outstanding	-	32.40M	32.70M	33.40M	33.80M	34.25M	33.29M	32.69M	28.90M	29.09M	28.61M

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Donnelley Financial Solutions' Financials

When does Donnelley Financial Solutions's financial year end?

According to the most recent income statement we have on file, Donnelley Financial Solutions' fiscal year ends in December. Their fiscal 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 where experts think Donnelley Financial Solutions is headed by visiting Donnelley Financial Solutions' forecast page.

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 5/5/2025 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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