Donnelley Financial Solutions, Inc. - Understand $dfin stock

$DFIN Market Cap: $1.758 Billion

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Financial Snapshot

Revenue

$802.1M

TTM

Gross Margin

61.21%

TTM

Net Earnings

$96.70M

TTM

Current Assets

$237.3M

Q3 2024

Current Liabilities

$207.1M

Q3 2024

Current Ratio

114.58%

Q3 2024

Total Assets

$843.6M

Q3 2024

Total Liabilities

$399.1M

Q3 2024

Book Value

$444.5M

Q3 2024

Cash

$33.60M

Q3 2024

P/E

18.18

Nov 29, 2024 EST

Free Cash Flow

$119.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$797.2M	$833.6M	$993.3M	$894.5M	$874.7M	$963.0M	$1.005B	$983.5M	$1.050B	$1.080B	$1.085B
YoY Change	-4.37%	-16.08%	11.05%	2.26%	-9.17%	-4.17%	2.18%	-6.29%	-2.83%	-0.49%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$797.2M	$833.6M	$993.3M	$894.5M	$874.7M	$963.0M	$1.005B	$983.5M	$1.050B	$1.080B	$1.085B
Cost Of Revenue	$333.3M	$370.2M	$413.1M	$496.0M	$542.4M	$258.5M	$240.9M	$226.2M	$230.9M	$653.3M	$684.8M
Gross Profit	$463.9M	$463.4M	$580.2M	$398.5M	$332.3M	$704.5M	$764.0M	$757.3M	$818.6M	$426.8M	$400.6M
Gross Profit Margin	58.19%	55.59%	58.41%	44.55%	37.99%	73.16%	76.03%	77.0%	78.0%	39.51%	36.91%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$282.1M	$264.0M	$307.7M	$264.8M	$205.8M	$258.2M	$236.2M	$209.8M	$199.2M	$290.5M	$189.7M
YoY Change	6.86%	-14.2%	16.2%	28.67%	-20.29%	9.31%	12.58%	5.32%	-31.43%	53.14%
% of Gross Profit	60.81%	56.97%	53.03%	66.45%	61.93%	36.65%	30.92%	27.7%	24.33%	68.06%	47.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.400M	$7.100M	$6.400M	$8.100M	$7.700M	$7.500M	$7.000M	$8.400M	$9.100M	$9.500M	$37.10M
YoY Change	18.31%	10.94%	-20.99%	5.19%	2.67%	7.14%	-16.67%	-7.69%	-4.21%	-74.39%
% of Gross Profit	1.81%	1.53%	1.1%	2.03%	2.32%	1.06%	0.92%	1.11%	1.11%	2.23%	9.26%
Operating Expenses	$282.1M	$264.0M	$307.7M	$264.8M	$205.8M	$258.2M	$236.2M	$209.8M	$199.2M	$331.2M	$226.8M
YoY Change	6.86%	-14.2%	16.2%	28.67%	-20.29%	9.31%	12.58%	5.32%	-39.86%	46.03%
Operating Profit	$110.0M	$145.0M	$219.3M	$3.600M	$78.50M	$121.1M	$95.70M	$105.0M	$172.7M	$90.80M	$173.8M
YoY Change	-24.14%	-33.88%	5991.67%	-95.41%	-35.18%	26.54%	-8.86%	-39.2%	90.2%	-47.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$15.80M	$9.200M	$26.60M	$22.80M	$38.10M	$36.70M	$42.90M	$11.70M	$1.100M	$1.500M	-$1.900M
YoY Change	71.74%	-65.41%	16.67%	-40.16%	3.81%	-14.45%	266.67%	963.64%	-26.67%	-178.95%
% of Operating Profit	14.36%	6.34%	12.13%	633.33%	48.54%	30.31%	44.83%	11.14%	0.64%	1.65%	-1.09%
Other Income/Expense, Net	$7.800M	$3.500M	$5.100M	$1.700M	$11.70M	$18.30M	$3.400M	$1.000M	$100.0K	$3.100M
YoY Change	122.86%	-31.37%	200.0%	-85.47%	-36.07%	438.24%	240.0%	900.0%	-96.77%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$102.0M	$139.3M	$197.8M	-$17.50M	$52.10M	$102.7M	$56.20M	$94.30M	$171.7M	$92.40M	$158.9M
YoY Change	-26.78%	-29.58%	-1230.29%	-133.59%	-49.27%	82.74%	-40.4%	-45.08%	85.82%	-41.85%
Income Tax	$19.80M	$36.80M	$51.90M	$8.400M	$14.50M	$29.10M	$46.50M	$35.20M	$67.40M	$35.00M	$62.60M
% Of Pretax Income	19.41%	26.42%	26.24%		27.83%	28.33%	82.74%	37.33%	39.25%	37.88%	39.4%
Net Earnings	$82.20M	$102.5M	$145.9M	-$25.90M	$37.60M	$73.60M	$9.700M	$59.10M	$104.3M	$57.40M	$96.30M
YoY Change	-19.8%	-29.75%	-663.32%	-168.88%	-48.91%	658.76%	-83.59%	-43.34%	81.71%	-40.39%
Net Earnings / Revenue	10.31%	12.3%	14.69%	-2.9%	4.3%	7.64%	0.97%	6.01%	9.94%	5.31%	8.87%
Basic Earnings Per Share	$2.81	$3.33	$4.36	-$0.76	$1.10	$2.18	$0.29	$1.81	$3.22	$1.77
Diluted Earnings Per Share	$2.69	$3.17	$4.14	-$0.76	$1.10	$2.16	$0.29	$1.80	$3.22	$1.77	$2.972M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$23.10M	$34.20M	$54.50M	$73.60M	$17.20M	$47.30M	$52.00M	$36.20M	$15.10M	$28.60M
YoY Change	-32.46%	-37.25%	-25.95%	327.91%	-63.64%	-9.04%	43.65%	139.74%	-47.2%
Cash & Equivalents	$23.10M	$34.20M	$54.50M	$73.60M	$17.20M	$47.30M	$52.00M	$36.20M	$15.10M	$28.60M
Short-Term Investments
Other Short-Term Assets	$33.60M	$30.70M	$20.50M	$15.20M	$21.50M	$16.70M	$29.60M	$17.10M	$7.300M	$13.60M
YoY Change	9.45%	49.76%	34.87%	-29.3%	28.74%	-43.58%	73.1%	134.25%	-46.32%
Inventory			$5.600M	$4.900M	$11.10M	$12.10M	$23.30M	$24.10M	$22.20M	$22.50M
Prepaid Expenses
Receivables	$151.8M	$163.5M	$199.1M	$173.5M	$161.4M	$172.9M	$165.2M	$156.2M	$146.2M	$138.4M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$96.00M	$0.00	$0.00
Total Short-Term Assets	$208.5M	$228.4M	$279.7M	$267.2M	$211.2M	$249.0M	$270.1M	$329.6M	$190.8M	$203.1M
YoY Change	-8.71%	-18.34%	4.68%	26.52%	-15.18%	-7.81%	-18.05%	72.75%	-6.06%
Property, Plant & Equipment	$29.90M	$50.90M	$61.30M	$64.50M	$98.20M	$32.20M	$34.70M	$35.50M	$33.00M	$36.50M
YoY Change	-41.26%	-16.97%	-4.96%	-34.32%	204.97%	-7.2%	-2.25%	7.58%	-9.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$75.10M	$59.80M	$59.90M	$63.00M	$50.30M	$52.50M	$60.30M	$71.50M	$34.30M	$183.1M
YoY Change	25.59%	-0.17%	-4.92%	25.25%	-4.19%	-12.94%	-15.66%	108.45%	-81.27%
Total Long-Term Assets	$598.4M	$599.9M	$603.6M	$598.4M	$675.7M	$619.7M	$623.4M	$649.3M	$626.8M	$791.1M
YoY Change	-0.25%	-0.61%	0.87%	-11.44%	9.04%	-0.59%	-3.99%	3.59%	-20.77%
Total Assets	$806.9M	$828.3M	$883.3M	$865.6M	$886.9M	$868.7M	$893.5M	$978.9M	$817.6M	$994.2M
YoY Change
Accounts Payable	$33.90M	$49.20M	$36.30M	$54.20M	$58.50M	$72.40M	$67.80M	$85.30M	$39.50M	$34.50M
YoY Change	-31.1%	35.54%	-33.03%	-7.35%	-19.2%	6.78%	-20.52%	115.95%	14.49%
Accrued Expenses	$167.7M	$129.5M	$186.7M	$149.1M	$101.6M	$97.50M	$96.30M	$81.40M	$56.40M	$55.20M
YoY Change	29.5%	-30.64%	25.22%	46.75%	4.21%	1.25%	18.3%	44.33%	2.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$8.800M	$32.90M
YoY Change								-100.0%	-73.25%
Long-Term Debt Due	$7.000M	$2.000M	$1.600M
YoY Change	250.0%	25.0%
Total Short-Term Liabilities	$201.6M	$224.8M	$261.4M	$238.5M	$179.5M	$198.4M	$187.0M	$186.0M	$123.7M	$141.2M
YoY Change	-10.32%	-14.0%	9.6%	32.87%	-9.53%	6.1%	0.54%	50.36%	-12.39%
Long-Term Debt	$124.5M	$169.2M	$129.9M	$230.5M	$296.0M	$362.7M	$458.3M	$587.0M	$29.20M	$44.00M
YoY Change	-26.42%	30.25%	-43.64%	-22.13%	-18.39%	-20.86%	-21.93%	1910.27%	-33.64%
Other Long-Term Liabilities	$78.60M	$104.8M	$115.0M	$148.8M	$142.8M	$81.60M	$98.80M	$94.80M	$41.20M	$457.5M
YoY Change	-25.0%	-8.87%	-22.72%	4.2%	75.0%	-17.41%	4.22%	130.1%	-90.99%
Total Long-Term Liabilities	$203.1M	$274.0M	$244.9M	$379.3M	$438.8M	$444.3M	$557.1M	$681.8M	$70.40M	$501.5M
YoY Change	-25.88%	11.88%	-35.43%	-13.56%	-1.24%	-20.25%	-18.29%	868.47%	-85.96%
Total Liabilities	$404.7M	$498.8M	$506.3M	$617.8M	$618.3M	$642.7M	$744.1M	$867.8M	$194.1M	$642.7M
YoY Change	-18.87%	-1.48%	-18.05%	-0.08%	-3.8%	-13.63%	-14.25%	347.09%	-69.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	29.30M	30.80M	33.50M	33.90M	34.10M	33.80M	33.10M	32.60M	32.40M	32.40M
Diluted Shares Outstanding	30.60M	32.30M	35.20M	33.90M	34.30M	34.00M	33.30M	32.80M	32.40M	32.40M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.7578 Billion

About Donnelley Financial Solutions, Inc.

Donnelley Financial Solutions, Inc. engages in the provision of innovative software and technology-enabled financial regulatory and compliance solutions. The company is headquartered in Lancaster, Pennsylvania and currently employs 1,900 full-time employees. The company went IPO on 2016-09-21. The firm provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides clients with tech-enabled solutions for creating, filing and distributing regulatory communications.

Industry: Services-Miscellaneous Business Services Peers: MARKETWISE, INC. Bakkt Holdings, Inc. Cboe Global Markets, Inc. MARKETAXESS HOLDINGS INC S&P Global Inc. Open Lending Corp Morningstar, Inc. VALUE LINE INC Tradeweb Markets Inc.