Donnelley Financial Solutions vs Morningstar
Morningstar reported revenue of $2.4 billion in fiscal 2025, 3.2 times Donnelley Financial Solutions' $767 million in fiscal 2025. Donnelley Financial Solutions' revenue fell 1.9% in its latest year, and Morningstar's grew 7.5%. Donnelley Financial Solutions had an operating margin of 18.4%, against 21.5% at Morningstar. Free cash flow was $108 million at Donnelley Financial Solutions and $443 million at Morningstar.
Side by side
| Donnelley Financial Solutions | Morningstar | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $767M | $2.4B |
| Revenue growth | −1.9% | 7.5% |
| Revenue growth a year, last 5 years | −3.0% | 12.0% |
| Gross margin | — | 61.0% |
| Operating margin | 18.4% | 21.5% |
| Net margin | 4.2% | 15.3% |
| Free cash flow | $108M | $443M |
| Free cash flow margin | 14.1% | 18.1% |
| Return on capital | 20.5% | 22.5% |
| Net debt to EBITDA | 0.8x | 0.8x |
| Dividends and buybacks | $185M | $864M |
| Change in diluted share count | −6.6% | −2.1% |
| Last close | $66.98 | $244.15 |
| P/E at the last close | 17.7× | 21.4× |
| Insider trades, last 12 months | bought $999,945, sold $11.4 million | bought $186,590, sold $77.7 million |
| Piotroski F-score | 5 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Donnelley Financial SolutionsMorningstar
Operating margin
Percent of revenue
Donnelley Financial SolutionsMorningstar
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Donnelley Financial SolutionsMorningstar
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Donnelley Financial Solutions and Morningstar pages.