Donnelley Financial Solutions vs Liquidity Services
Donnelley Financial Solutions is the larger business, with $767m of revenue in fiscal 2025 against $477m for Liquidity Services (1.6 times as much). Liquidity Services grew faster (31.2% against -1.9%). Liquidity Services kept more of each dollar of sales as profit: a net margin of 5.9% against 4.2%.
| Latest fiscal year | Donnelley Financial SolutionsDFIN, 2025 | Liquidity ServicesLQDT, 2025 |
|---|---|---|
| Revenue | $767m | $477m |
| Revenue growth | -1.9% | 31.2% |
| Net income | $32.4m | $28.1m |
| Operating margin | 18.4% | — |
| Net margin | 4.2% | 5.9% |
| Return on equity | 7.9% | 14.6% |
| Free cash flow | $108m | $59.0m |
| Cash | $24.5m | $175m |
| Total debt | $171m | $0 |
| Debt to equity | 45.2% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $185m | $16.2m |
| Employees | 1,750 | — |
| Market value | $1.66bn | $1.70bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 62 (Moderate) | 61 (Moderate) |
| Insider trades, 12 months | 3 buys, 7 sales | 0 buys, 82 sales |