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Donnelley Financial Solutions
(NYSE:DFIN)
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Rating:64Neutral
Price Target:
$49.00
▼(-6.60% Downside)
Action:Reiterated
Date:05/15/26
The score reflects solid underlying fundamentals and cash generation, plus a constructive earnings outlook driven by higher-margin software momentum and an attractive P/E. These positives are meaningfully offset by very weak technicals (price well below major moving averages with bearish momentum) and near-term uncertainty from transaction-volume volatility and secular print declines.
Positive Factors
Strong cash generation
Sustained TTM operating cash flow (~$194M) and meaningful FCF (~$140M) provide durable financial flexibility. This supports debt service, capital investment, buybacks and product investment over the next 2–6 months, cushioning the business against cyclical revenue swings and enabling strategic allocation.
Negative Factors
Transactional revenue volatility
Significant exposure to capital markets transactions creates revenue cyclicality: deal flow spikes or geopolitical/macro shocks materially alter transaction volumes. This structural sensitivity reduces revenue visibility and complicates margin planning, leaving near-term results dependent on external market activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Sustained TTM operating cash flow (~$194M) and meaningful FCF (~$140M) provide durable financial flexibility. This supports debt service, capital investment, buybacks and product investment over the next 2–6 months, cushioning the business against cyclical revenue swings and enabling strategic allocation.
Read all positive factors
Donnelley Financial Solutions Key Performance Indicators (KPIs)
Any
Net Sales by Product
Shows revenue from individual products, helping investors understand product performance and market demand.
Shows revenue from individual products, helping investors understand product performance and market demand.
Data provided by:
The Fly
The FlyDonnelley Financial Solutions (DFIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend YieldN/A
Average Volume (3M)279.72K
Price to Earnings (P/E)33.4
Beta (1Y)1.33
Revenue Growth-1.05%
EPS Growth-56.42%
CountryUS
Employees1,800
SectorTechnology
Sector Strength88
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.35
Shares Outstanding24,982,374
10 Day Avg. Volume291,627
30 Day Avg. Volume279,723
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)3.39
Price to Sales (P/S)1.67
P/FCF Ratio11.91
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue1.55
Enterprise Value/Gross Profit2.44
Enterprise Value/Ebitda9.40
Forecast
1Y Price Target
$59.50Price Target Upside13.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.69
Revenue Forecast (FY)$789.43M
Donnelley Financial Solutions Business Overview & Revenue Model
Company Description
Donnelley Financial Solutions, Inc. (DFIN) is an international firm specializing in risk management and regulatory compliance solutions. The company organizes its operations across four distinct segments: Capital Markets Software Solutions (CM-S...
How the Company Makes Money
DFIN generates revenue primarily by selling software and technology-enabled services that support regulatory filing, compliance, and capital markets workflows. A significant portion comes from subscription-based (SaaS) fees for its cloud platforms...
Donnelley Financial Solutions Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed constructive progress: revenue growth, meaningful software-led mix shift, repeatable ActiveDisclosure momentum (including AI expansion), margin expansion, improved leverage and an active capital return program. These positives are tempered by near-term market volatility, a March-related slowdown in transaction activity, secular declines in print revenue, and some segment-specific margin pressure. Management provided modest near-term guidance while emphasizing transformation to higher-margin software and continued cost discipline.Positive Updates
Consolidated Revenue Growth
First quarter net sales of $205.5 million, up $4.4 million or 2.2% year-over-year, demonstrating topline growth despite a volatile market environment.
Negative Updates
Market Volatility and March Slowdown
Escalating geopolitical tensions and AI-driven uncertainty caused a pronounced market slowdown in March; filings declined sequentially from February for only the second time in history (after COVID-2020), dampening deal activity and transaction flow.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
First quarter net sales of $205.5 million, up $4.4 million or 2.2% year-over-year, demonstrating topline growth despite a volatile market environment.
Read all positive updates
Company Guidance
For Q2 2026 the company guided consolidated net sales of $215 million to $225 million (midpoint $220M, ~+$2M or ≈+1% YoY) and an adjusted EBITDA margin of 34%–36%; the outlook assumes Capital Markets transactional revenue of $40M–$45M (midpoint up ≈$8M vs Q2 2025’s $34.8M and below Q1 2026’s $50.8M), a modest YoY decline in compliance/print & distribution (against an expected secular print decline of ~5%–6% annually), and ongoing market volatility and geopolitical uncertainty. By way of context, management cited Q1 results of net sales $205.5M (+2.2% YoY), adjusted EBITDA $70.6M (+$2.4M, +3.5%), adjusted EBITDA margin 34.4% (+50 bps), adjusted non‑GAAP gross margin 64% (+30 bps), adjusted non‑GAAP SG&A $61M (29.7% of sales), Q1 free cash flow -$16M (improved $35M YoY), total debt $229.9M, non‑GAAP net debt $203.8M with $121M drawn on the revolver (non‑GAAP net leverage 0.8x), full‑year capex guidance $55M–$60M (expected to ramp), and active capital deployment including ~595k shares repurchased for $28.3M in Q1 (avg $47.58) and a new $150M buyback authorization through 12/31/2027.Donnelley Financial Solutions Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 771.40M | 767.00M | 781.90M | 797.20M | 833.60M | 993.30M |
| Gross Profit | 490.10M | 486.60M | 484.00M | 463.90M | 463.40M | 580.20M |
| EBITDA | 127.00M | 123.20M | 209.70M | 192.00M | 212.00M | 275.20M |
| Net Income | 34.90M | 32.40M | 92.40M | 82.20M | 102.50M | 145.90M |
Balance Sheet | ||||||
| Total Assets | 840.80M | 800.40M | 857.00M | 806.90M | 828.30M | 883.30M |
| Cash, Cash Equivalents and Short-Term Investments | 26.10M | 24.50M | 57.30M | 23.10M | 34.20M | 54.50M |
| Total Debt | 235.70M | 181.80M | 144.40M | 153.10M | 215.90M | 187.20M |
| Total Liabilities | 464.10M | 421.20M | 420.90M | 404.70M | 498.80M | 506.30M |
| Stockholders Equity | 376.70M | 379.20M | 436.10M | 402.20M | 329.50M | 377.00M |
Cash Flow | ||||||
| Free Cash Flow | 142.80M | 107.80M | 105.20M | 62.20M | 96.00M | 137.70M |
| Operating Cash Flow | 197.00M | 164.90M | 171.10M | 124.00M | 150.20M | 180.00M |
| Investing Cash Flow | -54.00M | -57.00M | -53.30M | -51.30M | -50.90M | -45.00M |
| Financing Cash Flow | -133.80M | -141.80M | -82.10M | -84.60M | -121.10M | -154.90M |
Donnelley Financial Solutions Technical Analysis
Positive
52.46
Price Trends
41.70
Positive
44.99
Positive
47.17
Negative
Market Momentum
1.16
Negative
64.06
Neutral
87.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DFIN, the sentiment is Positive. The current price of 52.46 is above the 20-day moving average (MA) of 40.55, above the 50-day MA of 41.70, and above the 200-day MA of 47.17, indicating a neutral trend. The MACD of 1.16 indicates Negative momentum. The RSI at 64.06 is Neutral, neither overbought nor oversold. The STOCH value of 87.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DFIN.
Donnelley Financial Solutions Risk Analysis
Donnelley Financial Solutions disclosed 28 risk factors in its most recent earnings report. Donnelley Financial Solutions reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Donnelley Financial Solutions Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $4.77B | 22.55 | 25.95% | 1.47% | ― | ― | |
68 Neutral | $869.92M | 6.95 | 13.81% | ― | 48.35% | 37.83% | |
64 Neutral | $1.16B | 33.37 | 8.66% | ― | -1.05% | -56.42% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $1.22B | 12.29 | 10.36% | 0.99% | 18.88% | 26.40% | |
56 Neutral | $1.63B | 54.69 | -8.69% | 1.62% | -30.35% | ― | |
54 Neutral | $69.19M | -11.92 | -6.18% | ― | -3.91% | -129.85% |
* Technology Sector Average
DFIN
Donnelley Financial Solutions
45.05
-19.21
-29.89%
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PWP
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MRX
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78.44%
Donnelley Financial Solutions Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Donnelley Financial unveils leadership overhaul to drive growth
Positive
May 14, 2026
On May 14, 2026, DFIN announced a leadership overhaul aimed at advancing its sales transformation, appointing veteran financial data executive Ken Napolitano as its first Chief Revenue Officer effective June 1, 2026, and moving Eric Johnson into a...
Stock Buyback
Donnelley Financial Launches New $150 Million Share Buyback
Positive
Apr 21, 2026
On April 16, 2026, Donnelley Financial Solutions’ board authorized a new share repurchase program of up to $150 million of its outstanding common stock, effective from April 17, 2026, through December 31, 2027. The program replaces a prior $...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.