Deluxe vs Ennis
Deluxe is the larger business, with $2.13bn of revenue in fiscal 2025 against $392m for Ennis (5.4 times as much). Deluxe grew faster (0.5% against -0.6%). Ennis kept more of each dollar of sales as profit: a net margin of 10.9% against 3.8%. Ennis carries less debt relative to equity (0.0% against 212.2%).
| Latest fiscal year | DeluxeDLX, 2025 | EnnisEBF, 2026 |
|---|---|---|
| Revenue | $2.13bn | $392m |
| Revenue growth | 0.5% | -0.6% |
| Net income | $82.1m | $42.6m |
| Operating margin | 10.9% | 13.4% |
| Net margin | 3.8% | 10.9% |
| Return on equity | 12.6% | 14.0% |
| Free cash flow | $175m | $41.0m |
| Cash | $36.9m | $34.6m |
| Total debt | $1.44bn | $0 |
| Debt to equity | 212.2% | 0.0% |
| Dividend per share | $1.20 | $1.00 |
| Dividend yield | 5.3% | 4.8% |
| Share buybacks | — | $14.5m |
| Employees | 4,571 | 1,835 |
| Market value | $1.02bn | $531m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 56 (Moderate) | 70 (Moderate) |
| Insider trades, 12 months | 1 buys, 0 sales | 1 buys, 0 sales |