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Side-by-side financial comparison of Diversified Energy Co (DEC) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $518.0M, roughly 1.3× Distribution Solutions Group, Inc.). Diversified Energy Co runs the higher net margin — 29.3% vs 1.2%, a 28.1% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $32.9M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
DEC vs DSGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $518.0M |
| Net Profit | $195.5M | $6.5M |
| Gross Margin | — | 32.9% |
| Operating Margin | 37.6% | 4.6% |
| Net Margin | 29.3% | 1.2% |
| Revenue YoY | — | 10.7% |
| Net Profit YoY | — | -70.6% |
| EPS (diluted) | — | $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.
| Q4 25 | $666.5M | — | ||
| Q3 25 | $499.8M | $518.0M | ||
| Q2 25 | $600.3M | $502.4M | ||
| Q1 25 | — | $478.0M | ||
| Q4 24 | — | $480.5M | ||
| Q3 24 | — | $468.0M | ||
| Q2 24 | — | $439.5M | ||
| Q1 24 | — | $416.1M |
| Q4 25 | $195.5M | — | ||
| Q3 25 | $171.1M | $6.5M | ||
| Q2 25 | $297.7M | $5.0M | ||
| Q1 25 | — | $3.3M | ||
| Q4 24 | — | $-25.9M | ||
| Q3 24 | — | $21.9M | ||
| Q2 24 | — | $1.9M | ||
| Q1 24 | — | $-5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | 44.7% | 33.9% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 34.5% |
| Q4 25 | 37.6% | — | ||
| Q3 25 | 36.2% | 4.6% | ||
| Q2 25 | 48.5% | 5.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | 29.3% | — | ||
| Q3 25 | 34.2% | 1.2% | ||
| Q2 25 | 49.6% | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | -5.4% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -1.3% |
| Q4 25 | — | — | ||
| Q3 25 | $2.14 | $0.14 | ||
| Q2 25 | $3.67 | $0.11 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $-0.55 | ||
| Q3 24 | — | $0.46 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $69.2M |
| Total DebtLower is stronger | $2.7B | $665.5M |
| Stockholders' EquityBook value | $984.1M | $653.9M |
| Total Assets | $6.2B | $1.8B |
| Debt / EquityLower = less leverage | 2.76× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | — | ||
| Q3 25 | — | $69.2M | ||
| Q2 25 | $23.7M | $47.4M | ||
| Q1 25 | — | $65.4M | ||
| Q4 24 | — | $66.5M | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $73.1M |
| Q4 25 | $2.7B | — | ||
| 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 24 | — | $535.7M |
| Q4 25 | $984.1M | — | ||
| Q3 25 | — | $653.9M | ||
| Q2 25 | $727.7M | $649.4M | ||
| Q1 25 | — | $636.7M | ||
| Q4 24 | — | $640.5M | ||
| Q3 24 | — | $680.8M | ||
| Q2 24 | — | $653.3M | ||
| Q1 24 | — | $654.7M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $5.7B | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | 1.02× | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 1.08× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.82× |
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 | $464.6M | $38.4M |
| Free Cash FlowOCF − Capex | $280.0M | $32.9M |
| FCF MarginFCF / Revenue | 42.0% | 6.3% |
| Capex IntensityCapex / Revenue | 27.7% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.38× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | — | ||
| Q3 25 | — | $38.4M | ||
| Q2 25 | $264.1M | $33.3M | ||
| Q1 25 | — | $-4.8M | ||
| Q4 24 | — | $45.7M | ||
| Q3 24 | — | $-17.3M | ||
| Q2 24 | — | $21.4M | ||
| Q1 24 | — | $6.6M |
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | $32.9M | ||
| Q2 25 | — | $28.7M | ||
| Q1 25 | — | $-10.4M | ||
| Q4 24 | — | $41.1M | ||
| Q3 24 | — | $-20.5M | ||
| Q2 24 | — | $18.0M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | -4.4% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | 0.89× | 6.66× | ||
| Q1 25 | — | -1.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.79× | ||
| Q2 24 | — | 11.28× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
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% |
