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Side-by-side financial comparison of BXP, Inc. (BXP) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $518.0M, roughly 1.7× Distribution Solutions Group, Inc.). BXP, Inc. runs the higher net margin — 15.3% vs 1.2%, a 14.0% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 0.8%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 1.3%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
BXP vs DSGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $518.0M |
| Net Profit | $133.0M | $6.5M |
| Gross Margin | — | 32.9% |
| Operating Margin | — | 4.6% |
| Net Margin | 15.3% | 1.2% |
| Revenue YoY | 0.8% | 10.7% |
| Net Profit YoY | 53.0% | -70.6% |
| EPS (diluted) | $1.69 | $0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $872.1M | — | ||
| Q4 25 | $877.1M | — | ||
| Q3 25 | $871.5M | $518.0M | ||
| Q2 25 | $868.5M | $502.4M | ||
| Q1 25 | $865.2M | $478.0M | ||
| Q4 24 | $858.6M | $480.5M | ||
| Q3 24 | $859.2M | $468.0M | ||
| Q2 24 | $850.5M | $439.5M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | — | ||
| Q3 25 | $-121.7M | $6.5M | ||
| Q2 25 | $89.0M | $5.0M | ||
| Q1 25 | $61.2M | $3.3M | ||
| Q4 24 | $-228.9M | $-25.9M | ||
| Q3 24 | $83.6M | $21.9M | ||
| Q2 24 | $79.6M | $1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | — | ||
| Q3 25 | 59.3% | 32.9% | ||
| Q2 25 | 59.2% | 33.9% | ||
| Q1 25 | 59.2% | 34.3% | ||
| Q4 24 | 59.7% | 33.3% | ||
| Q3 24 | 59.5% | 33.9% | ||
| Q2 24 | 59.8% | 34.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | — | ||
| Q3 25 | -14.0% | 1.2% | ||
| Q2 25 | 10.2% | 1.0% | ||
| Q1 25 | 7.1% | 0.7% | ||
| Q4 24 | -26.7% | -5.4% | ||
| Q3 24 | 9.7% | 4.7% | ||
| Q2 24 | 9.4% | 0.4% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | — | ||
| Q3 25 | $-0.77 | $0.14 | ||
| Q2 25 | $0.56 | $0.11 | ||
| Q1 25 | $0.39 | $0.07 | ||
| Q4 24 | $-1.46 | $-0.55 | ||
| Q3 24 | $0.53 | $0.46 | ||
| Q2 24 | $0.51 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.8M | $69.2M |
| Total DebtLower is stronger | — | $665.5M |
| Stockholders' EquityBook value | $7.7B | $653.9M |
| Total Assets | $25.1B | $1.8B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $861.1M | $69.2M | ||
| Q2 25 | $447.0M | $47.4M | ||
| Q1 25 | $398.1M | $65.4M | ||
| Q4 24 | $1.3B | $66.5M | ||
| Q3 24 | $1.4B | $61.3M | ||
| Q2 24 | $685.4M | $46.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $665.5M | ||
| Q2 25 | — | $675.0M | ||
| Q1 25 | — | $712.4M | ||
| Q4 24 | — | $693.9M | ||
| Q3 24 | — | $704.1M | ||
| Q2 24 | — | $573.7M |
| Q1 26 | $7.7B | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $5.0B | $653.9M | ||
| Q2 25 | $5.3B | $649.4M | ||
| Q1 25 | $5.3B | $636.7M | ||
| Q4 24 | $5.4B | $640.5M | ||
| Q3 24 | $5.8B | $680.8M | ||
| Q2 24 | $5.8B | $653.3M |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.0B | $1.8B | ||
| Q2 25 | $25.6B | $1.8B | ||
| Q1 25 | $25.4B | $1.8B | ||
| Q4 24 | $26.1B | $1.7B | ||
| Q3 24 | $26.4B | $1.8B | ||
| Q2 24 | $25.5B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $38.4M |
| Free Cash FlowOCF − Capex | — | $32.9M |
| FCF MarginFCF / Revenue | — | 6.3% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | — | ||
| Q3 25 | $274.2M | $38.4M | ||
| Q2 25 | $353.1M | $33.3M | ||
| Q1 25 | $210.0M | $-4.8M | ||
| Q4 24 | $383.7M | $45.7M | ||
| Q3 24 | $286.1M | $-17.3M | ||
| Q2 24 | $367.1M | $21.4M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | — | ||
| Q3 25 | $231.6M | $32.9M | ||
| Q2 25 | $281.5M | $28.7M | ||
| Q1 25 | $152.6M | $-10.4M | ||
| Q4 24 | $312.5M | $41.1M | ||
| Q3 24 | $234.5M | $-20.5M | ||
| Q2 24 | $332.4M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 26.6% | 6.3% | ||
| Q2 25 | 32.4% | 5.7% | ||
| Q1 25 | 17.6% | -2.2% | ||
| Q4 24 | 36.4% | 8.6% | ||
| Q3 24 | 27.3% | -4.4% | ||
| Q2 24 | 39.1% | 4.1% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 1.1% | ||
| Q2 25 | 8.2% | 0.9% | ||
| Q1 25 | 6.6% | 1.2% | ||
| Q4 24 | 8.3% | 1.0% | ||
| Q3 24 | 6.0% | 0.7% | ||
| Q2 24 | 4.1% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | 3.97× | 6.66× | ||
| Q1 25 | 3.43× | -1.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.42× | -0.79× | ||
| Q2 24 | 4.61× | 11.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
