Demonstrações financeiras detalhadas de Donnelley Financial Solutions, Inc. (DFIN): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Donnelley Financial Solutions, Inc. registou receitas de $767.0M no último exercício, com um CAGR de 5 anos de -3.0%.
Margens dos últimos 12 meses: margem bruta 62.0%, margem operacional 19.8%, margem líquida 4.5%. O fluxo de caixa livre cresceu a CAGR de -2.6% em 5 anos.
Ao preço atual de $48.91, DFIN negocia a um P/L de 30.97 e um ROE de 8.99%. A capitalização de mercado é de $1.2B.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $983.5M | $1.00B | $963.0M | $874.7M | $894.5M | $993.3M | $833.6M | $797.2M | $781.9M | $767.0M |
| Custo da Receita | $619.0M | $621.4M | $587.3M | $542.4M | $496.0M | $413.1M | $370.2M | $333.3M | $297.9M | $280.4M |
| Lucro Bruto | $364.5M | $383.5M | $375.7M | $332.3M | $398.5M | $580.2M | $463.4M | $463.9M | $484.0M | $486.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $210.8M | $236.2M | $258.2M | $205.8M | $264.8M | $307.7M | $264.0M | $282.1M | $290.9M | $277.9M |
| Despesas Operacionais | $259.5M | $287.8M | $254.6M | $253.8M | $394.9M | $360.9M | $310.7M | $344.1M | $340.8M | $335.1M |
| Lucro Operacional | $105.0M | $95.7M | $121.1M | $78.5M | $3.6M | $219.3M | $152.7M | $119.8M | $143.2M | $151.5M |
| EBITDA | $149.3M | $143.6M | $185.2M | $157.8M | $82.2M | $275.2M | $212.0M | $192.0M | $209.7M | $123.2M |
| Despesas com Juros | $11.7M | $42.9M | $36.7M | $34.0M | $25.5M | $19.8M | $10.0M | $17.9M | $15.1M | $14.0M |
| Lucro Antes de Impostos | $94.3M | $56.2M | $102.7M | $52.1M | -$17.5M | $197.8M | $139.3M | $102.0M | $125.1M | $43.1M |
| Imposto | $35.2M | $46.5M | $29.1M | $14.5M | $8.4M | $51.9M | $36.8M | $19.8M | $32.7M | $10.7M |
| Lucro Líquido | $59.1M | $9.7M | $73.6M | $37.6M | -$25.9M | $145.9M | $102.5M | $82.2M | $92.4M | $32.4M |
| LPA | $1.81 | $0.29 | $2.18 | $1.10 | $-0.76 | $4.36 | $3.33 | $2.81 | $3.16 | $1.18 |
| LPA Diluído | $1.80 | $0.29 | $2.16 | $1.10 | $-0.76 | $4.14 | $3.17 | $2.69 | $3.06 | $1.15 |
| Ações em Circulação (Diluídas) | $32.8M | $33.3M | $34.0M | $34.3M | $33.9M | $35.2M | $32.3M | $30.6M | $30.2M | $28.2M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $175.3M | $172.5M | $205.5M | $224.2M |
| Lucro Bruto | $110.0M | $109.6M | $131.6M | $130.7M |
| Lucro Operacional | $29.1M | $19.9M | $49.2M | $56.0M |
| EBITDA | -$37.9M | $30.2M | $65.1M | $71.8M |
| Lucro Líquido | -$40.9M | $6.2M | $33.5M | $36.4M |
| LPA | $-1.49 | $0.24 | $1.30 | $1.45 |
| LPA Diluído | $-1.49 | $0.23 | $1.27 | $1.44 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $36.2M | $52.0M | $47.3M | $17.2M | $73.6M | $54.5M | $34.2M | $23.1M | $57.3M | $24.5M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $252.2M | $165.2M | $172.9M | $161.4M | $173.5M | $199.1M | $163.5M | $151.8M | $138.0M | $143.0M |
| Estoque | $24.1M | $23.3M | $12.1M | $11.1M | $4.9M | $5.6M | $7.9M | 0 | $4.4M | 0 |
| Ativos Circulantes | $329.6M | $270.1M | $249.0M | $211.2M | $267.2M | $279.7M | $228.4M | $208.5M | $232.5M | $211.4M |
| Imobilizado | $35.5M | $34.7M | $32.2M | $98.2M | $64.5M | $61.3M | $50.9M | $29.9M | $21.2M | $16.4M |
| Ágio | $446.4M | $447.4M | $450.0M | $450.3M | $409.9M | $410.0M | $405.8M | $405.8M | $405.4M | $405.8M |
| Ativos Intangíveis | $95.9M | $81.0M | $85.0M | $76.9M | $61.0M | $72.4M | $83.4M | $87.6M | $96.5M | $92.9M |
| Ativos Totais | $978.9M | $893.5M | $868.7M | $886.9M | $898.7M | $883.3M | $828.3M | $806.9M | $857.0M | $800.4M |
| Contas a Pagar | $85.3M | $67.8M | $72.4M | $58.5M | $54.2M | $36.3M | $49.2M | $33.9M | $28.7M | $23.7M |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | $19.8M | 0 | 0 | 0 | $13.1M | $9.7M |
| Passivos Circulantes | $186.0M | $187.0M | $198.4M | $179.5M | $238.5M | $261.4M | $224.8M | $201.6M | $224.1M | $200.0M |
| Dívida de Longo Prazo | $587.0M | $458.3M | $362.7M | $296.0M | $230.5M | $124.0M | $169.2M | $124.5M | $124.7M | $168.8M |
| Passivos Totais | $867.8M | $744.1M | $642.7M | $618.3M | $650.9M | $506.3M | $498.8M | $404.7M | $420.9M | $421.2M |
| Reservas | -$800000 | $8.9M | $94.3M | $131.9M | $105.5M | $251.4M | $353.9M | $436.1M | $528.5M | $560.9M |
| Patrimônio Líquido | $111.1M | $149.4M | $226.0M | $268.6M | $247.8M | $377.0M | $329.5M | $402.2M | $436.1M | $379.2M |
| Dívida Total | $587.0M | $458.3M | $362.7M | $376.5M | $301.3M | $187.2M | $215.9M | $153.1M | $144.4M | $181.8M |
| Dívida Líquida | $550.8M | $406.3M | $315.4M | $359.3M | $227.7M | $132.7M | $181.7M | $130.0M | $87.1M | $157.3M |
| Capital de Giro | $143.6M | $83.1M | $50.6M | $31.7M | $28.7M | $18.3M | $3.6M | $6.9M | $8.4M | $11.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $22.7M | $24.5M | $26.1M | $25.3M |
| Ativos Totais | $816.3M | $800.4M | $840.8M | $834.3M |
| Passivos Totais | $393.2M | $421.2M | $464.1M | $446.9M |
| Patrimônio Líquido | $423.1M | $379.2M | $376.7M | $387.4M |
| Dívida Total | $162.7M | $181.8M | $235.7M | $211.7M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $59.1M | $9.7M | $73.6M | $37.6M | -$25.9M | $145.9M | $102.5M | $82.2M | $92.4M | $32.4M |
| Depreciação e Amortização | $43.3M | $44.5M | $45.8M | $71.7M | $74.2M | $57.6M | $62.7M | $72.1M | $69.5M | $66.1M |
| Compensação em Ações | $2.5M | $6.8M | $9.2M | $8.9M | $13.6M | $19.5M | $19.3M | $22.5M | $25.2M | $31.4M |
| Variação Capital de Giro | $2.9M | $16.8M | -$7.5M | -$51.6M | $58.6M | -$52.5M | -$41.4M | -$49.4M | -$15.7M | -$53.1M |
| Fluxo de Caixa Operacional | $106.0M | $91.4M | $66.3M | $54.5M | $154.2M | $180.0M | $150.2M | $124.0M | $171.1M | $164.9M |
| CapEx | -$26.2M | -$27.8M | -$37.1M | -$44.8M | -$31.1M | -$42.3M | -$54.2M | -$61.8M | -$65.9M | -$57.1M |
| Aquisições | 0 | 0 | $65.0M | -$8.5M | $31.1M | -$3.6M | $3.3M | $500000 | $12.4M | 0 |
| Recompra de Ações | 0 | -$900000 | -$1.5M | -$1.8M | -$11.8M | -$40.9M | -$164.7M | -$40.3M | -$81.6M | -$185.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $79.8M | $63.6M | $29.2M | $9.7M | $123.1M | $137.7M | $96.0M | $62.2M | $105.2M | $107.8M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $74.4M | $59.8M | -$5.6M | $74.7M |
| CapEx | -$15.2M | -$11.9M | -$10.4M | -$13.5M |
| Fluxo de Caixa Livre | $59.2M | $47.9M | -$16.0M | $61.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $6.8M | $11.1M | $6.4M | $9.3M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +2.2% | -4.2% | -9.2% | +2.3% | +11.0% | -16.1% | -4.4% | -1.9% | -1.9% |
| Crescimento Lucro Líquido (anual) | | -83.6% | +658.8% | -48.9% | -168.9% | +663.3% | -29.7% | -19.8% | +12.4% | -64.9% |
| Crescimento LPA (anual) | | -84.0% | +651.7% | -49.5% | -169.1% | +673.7% | -23.6% | -15.6% | +12.5% | -62.7% |
| Variação de Ações (anual) | | +1.5% | +2.1% | +0.9% | -1.2% | +3.8% | -8.2% | -5.3% | -1.3% | -6.6% |
| Crescimento FCF (anual) | | -20.3% | -54.1% | -66.8% | +1169.1% | +11.9% | -30.3% | -35.2% | +69.1% | +2.5% |
| Margem Bruta | 37.1% | 38.2% | 39.0% | 38.0% | 44.6% | 58.4% | 55.6% | 58.2% | 61.9% | 63.4% |
| Margem Operacional | 10.7% | 9.5% | 12.6% | 9.0% | 0.4% | 22.1% | 18.3% | 15.0% | 18.3% | 19.8% |
| Margem EBITDA | 15.2% | 14.3% | 19.2% | 18.0% | 9.2% | 27.7% | 25.4% | 24.1% | 26.8% | 16.1% |
| Margem Líquida | 6.0% | 1.0% | 7.6% | 4.3% | -2.9% | 14.7% | 12.3% | 10.3% | 11.8% | 4.2% |
| Margem FCF | 8.1% | 6.3% | 3.0% | 1.1% | 13.8% | 13.9% | 11.5% | 7.8% | 13.5% | 14.1% |
| Taxa Efetiva de Imposto | 37.3% | 82.7% | 28.3% | 27.8% | -48.0% | 26.2% | 26.4% | 19.4% | 26.1% | 24.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.43 | $1.91 | $0.86 | $0.28 | $3.63 | $3.91 | $2.97 | $2.03 | $3.48 | $3.82 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $32.6M | $33.1M | $33.8M | $34.1M | $33.9M | $33.5M | $30.8M | $29.3M | $29.2M | $27.5M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 8.99% |
| Retorno sobre capital investido | 16.78% |
| Retorno sobre ativos | 4.22% |
| Margem bruta | 61.98% |
| Margem operacional | 19.83% |
| Margem líquida | 4.53% |
Saúde financeira
| Dívida / Patrimônio | 0.55 |
| Liquidez corrente | 1.33 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 4.41 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 12.70 | 67.21 | 6.44 | 9.52 | -22.33 | 10.81 | 11.61 | 22.20 | 19.85 | 39.57 |
| P/VP | 6.74 | 4.32 | 2.10 | 1.33 | 2.32 | 4.19 | 3.61 | 4.54 | 4.20 | 3.39 |
| P/V | 0.76 | 0.64 | 0.49 | 0.41 | 0.64 | 1.59 | 1.43 | 2.29 | 2.34 | 1.67 |
| Margem Bruta | 37.1% | 38.2% | 39.0% | 38.0% | 44.6% | 58.4% | 55.6% | 58.2% | 61.9% | 63.4% |
| Margem Operacional | 10.7% | 9.5% | 12.6% | 9.0% | 0.4% | 22.1% | 18.3% | 15.0% | 18.3% | 19.8% |
| Margem Líquida | 6.0% | 1.0% | 7.6% | 4.3% | -2.9% | 14.7% | 12.3% | 10.3% | 11.8% | 4.2% |