Donnelley Financial Solutions, Inc. key statistics and ratios

In fiscal 2025, Donnelley Financial Solutions, Inc. had return on equity of 7.9%, an operating margin of 18.4%, debt equal to 45.2% of equity and a current ratio of 1.06. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Donnelley Financial Solutions, Inc.: financial ratios, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Operating margin	8.4%	16.5%	10.7%	9.5%	12.6%	9.0%	0.4%	22.1%	17.4%	13.8%	17.5%	18.4%	19.2%
Net margin	5.3%	9.9%	6.0%	1.0%	7.6%	4.3%	−2.9%	14.7%	12.3%	10.3%	11.8%	4.2%	12.4%
Free-cash-flow margin	8.9%	8.9%	8.1%	6.3%	3.0%	1.1%	13.8%	13.9%	11.5%	7.8%	13.5%	14.1%	22.7%
Return on equity	16.3%	21.4%	16.1%	7.4%	39.2%	15.2%	−10.0%	46.7%	29.0%	22.5%	22.0%	7.9%	24.7%
Return on assets	—	12.8%	6.6%	1.0%	8.4%	4.3%	−3.0%	16.7%	12.0%	10.1%	11.2%	3.9%	12.3%
Asset turnover	—	1.28	1.09	1.07	1.09	1.00	1.02	1.14	0.97	0.97	0.95	0.93	0.99
Current ratio	—	1.54	1.77	1.44	1.25	1.18	1.12	1.07	1.02	1.03	1.04	1.06	1.06
Debt to equity	0.0%	2.8%	540.1%	306.8%	164.8%	110.2%	93.0%	32.9%	51.4%	31.0%	28.6%	45.2%	31.0%
Interest cover (operating income ÷ interest)	60.5x	157.0x	9.0x	2.2x	3.3x	2.1x	0.2x	8.2x	15.8x	7.0x	10.6x	10.9x	12.7x
Effective tax rate	37.9%	39.3%	37.3%	82.7%	28.3%	27.8%	—	26.2%	26.4%	19.4%	26.1%	24.8%	29.1%
SG&A as % of revenue	—	19.0%	21.3%	23.5%	26.8%	23.5%	29.6%	31.0%	31.7%	35.4%	37.2%	36.2%	36.8%
Capital spending as % of revenue	2.7%	2.6%	2.7%	2.8%	3.9%	5.1%	3.5%	4.3%	6.5%	7.8%	8.4%	7.4%	6.1%
Free cash flow ÷ net income	168.1%	89.9%	135.0%	655.7%	39.7%	25.8%	—	94.4%	93.7%	75.7%	113.9%	332.7%	183.7%
Dividends and buybacks ÷ free cash flow	—	0.0%	0.0%	1.4%	5.1%	18.6%	9.6%	29.7%	171.6%	64.8%	77.6%	171.6%	81.1%

US$ thousands unless shown otherwise. Fiscal quarters.

Donnelley Financial Solutions, Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	6.0%	22.8%	24.2%	16.1%	8.3%	23.6%	25.0%	17.6%
Net margin	4.0%	15.4%	16.6%	−23.3%	3.6%	16.3%	16.2%	11.5%
Free-cash-flow margin	26.4%	−25.4%	23.7%	33.8%	27.8%	−7.8%	27.3%	46.4%
Current ratio	1.04	1.24	1.29	1.13	1.06	1.41	1.33	1.06
Debt to equity	28.6%	45.1%	44.0%	36.6%	45.2%	61.0%	52.7%	31.0%
SG&A as % of revenue	43.5%	32.7%	32.1%	38.4%	43.4%	32.8%	33.3%	39.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 7 checks passed · September 30, 2026

What it owns · $788m

Short-term assets $216mLonger-term assets $572m

What it owes, and who funded it · $788m

Short-term liabilities $203mLonger-term liabilities $176mShareholders' equity $409m

Short-term assets cover short-term liabilities $216m of assets due within a year against $203m of liabilities due within a year.
Short-term assets cover long-term liabilities $216m short-term assets against $176m of longer-dated liabilities.
More cash than debt $27m of cash against $127m of debt.
Debt below 40% of shareholders' equity Debt is 31% of equity.
Debt burden no higher than five years ago Debt to equity moved from 55% to 31% over five years.
A year's operating cash flow covers at least 20% of debt $227m of operating cash flow against $127m of debt.
Operating profit covers interest at least five times over Operating income of $151m against $12m of interest.

From Donnelley Financial Solutions, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

62 /100

Moderate moat

How hard Donnelley Financial Solutions's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 10 / 20

Net income has been a median 7.0% of total assets over 10 years.
Durability 8 / 20

Operating margin has been a median 15.2%; its worst year was 4.3%.
Cash conversion 15 / 20

Free cash flow was positive in 10 of 10 years, at a median 10.0% of revenue.
Discipline 20 / 20

The diluted share count fell 23.8% over five years; stock-based pay has been a median 2.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (66 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DFIN vs XMTR DFIN vs VRRM DFIN vs LQDT DFIN vs EVI

More: Diversified Support Services stocks compared, Industrials sector, rankings of US companies

Figures from Donnelley Financial Solutions, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Donnelley Financial Solutions, Inc.