vs
Side-by-side financial comparison of DELUXE CORP (DLX) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $518.0M, roughly 1.0× Distribution Solutions Group, Inc.). DELUXE CORP runs the higher net margin — 2.2% vs 1.2%, a 1.0% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 2.8%). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
DLX vs DSGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $518.0M |
| Net Profit | $12.0M | $6.5M |
| Gross Margin | 52.2% | 32.9% |
| Operating Margin | 8.9% | 4.6% |
| Net Margin | 2.2% | 1.2% |
| Revenue YoY | 2.8% | 10.7% |
| Net Profit YoY | -5.0% | -70.6% |
| EPS (diluted) | $0.25 | $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 | $535.2M | — | ||
| Q3 25 | $540.2M | $518.0M | ||
| Q2 25 | $521.3M | $502.4M | ||
| Q1 25 | $536.5M | $478.0M | ||
| Q4 24 | $520.6M | $480.5M | ||
| Q3 24 | $528.4M | $468.0M | ||
| Q2 24 | $537.8M | $439.5M | ||
| Q1 24 | $535.0M | $416.1M |
| Q4 25 | $12.0M | — | ||
| Q3 25 | $33.7M | $6.5M | ||
| Q2 25 | $22.4M | $5.0M | ||
| Q1 25 | $14.0M | $3.3M | ||
| Q4 24 | $12.6M | $-25.9M | ||
| Q3 24 | $8.9M | $21.9M | ||
| Q2 24 | $20.5M | $1.9M | ||
| Q1 24 | $10.8M | $-5.2M |
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | 32.9% | ||
| Q2 25 | 53.6% | 33.9% | ||
| Q1 25 | 52.4% | 34.3% | ||
| Q4 24 | 52.3% | 33.3% | ||
| Q3 24 | 53.3% | 33.9% | ||
| Q2 24 | 53.7% | 34.5% | ||
| Q1 24 | 53.0% | 34.5% |
| Q4 25 | 8.9% | — | ||
| Q3 25 | 14.0% | 4.6% | ||
| Q2 25 | 11.7% | 5.3% | ||
| Q1 25 | 9.0% | 4.2% | ||
| Q4 24 | 9.0% | 4.2% | ||
| Q3 24 | 7.9% | 4.0% | ||
| Q2 24 | 11.0% | 3.2% | ||
| Q1 24 | 8.3% | 0.7% |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.2% | 1.2% | ||
| Q2 25 | 4.3% | 1.0% | ||
| Q1 25 | 2.6% | 0.7% | ||
| Q4 24 | 2.4% | -5.4% | ||
| Q3 24 | 1.7% | 4.7% | ||
| Q2 24 | 3.8% | 0.4% | ||
| Q1 24 | 2.0% | -1.3% |
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.74 | $0.14 | ||
| Q2 25 | $0.50 | $0.11 | ||
| Q1 25 | $0.31 | $0.07 | ||
| Q4 24 | $0.28 | $-0.55 | ||
| Q3 24 | $0.20 | $0.46 | ||
| Q2 24 | $0.46 | $0.04 | ||
| Q1 24 | $0.24 | $-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 | $36.9M | $69.2M |
| Total DebtLower is stronger | — | $665.5M |
| Stockholders' EquityBook value | $680.7M | $653.9M |
| Total Assets | $2.9B | $1.8B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | — | ||
| Q3 25 | $25.8M | $69.2M | ||
| Q2 25 | $26.0M | $47.4M | ||
| Q1 25 | $30.3M | $65.4M | ||
| Q4 24 | $34.4M | $66.5M | ||
| Q3 24 | $41.3M | $61.3M | ||
| Q2 24 | $23.1M | $46.8M | ||
| Q1 24 | $23.5M | $73.1M |
| 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 24 | — | $535.7M |
| Q4 25 | $680.7M | — | ||
| Q3 25 | $664.1M | $653.9M | ||
| Q2 25 | $638.7M | $649.4M | ||
| Q1 25 | $622.5M | $636.7M | ||
| Q4 24 | $620.9M | $640.5M | ||
| Q3 24 | $612.7M | $680.8M | ||
| Q2 24 | $620.5M | $653.3M | ||
| Q1 24 | $608.4M | $654.7M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.8B | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.6B | ||
| Q1 24 | $2.7B | $1.5B |
| 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× | ||
| 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 | $102.1M | $38.4M |
| Free Cash FlowOCF − Capex | — | $32.9M |
| FCF MarginFCF / Revenue | — | 6.3% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 8.53× | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | — | ||
| Q3 25 | $67.1M | $38.4M | ||
| Q2 25 | $51.1M | $33.3M | ||
| Q1 25 | $50.3M | $-4.8M | ||
| Q4 24 | $60.2M | $45.7M | ||
| Q3 24 | $67.9M | $-17.3M | ||
| Q2 24 | $39.6M | $21.4M | ||
| Q1 24 | $26.6M | $6.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $32.9M | ||
| Q2 25 | $27.8M | $28.7M | ||
| Q1 25 | $24.3M | $-10.4M | ||
| Q4 24 | — | $41.1M | ||
| Q3 24 | $46.7M | $-20.5M | ||
| Q2 24 | $11.4M | $18.0M | ||
| Q1 24 | $6.1M | $4.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | 5.3% | 5.7% | ||
| Q1 25 | 4.5% | -2.2% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 8.8% | -4.4% | ||
| Q2 24 | 2.1% | 4.1% | ||
| Q1 24 | 1.1% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | 4.5% | 0.9% | ||
| Q1 25 | 4.8% | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 4.0% | 0.7% | ||
| Q2 24 | 5.2% | 0.8% | ||
| Q1 24 | 3.8% | 0.6% |
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | 5.95× | ||
| Q2 25 | 2.28× | 6.66× | ||
| Q1 25 | 3.59× | -1.46× | ||
| Q4 24 | 4.77× | — | ||
| Q3 24 | 7.60× | -0.79× | ||
| Q2 24 | 1.94× | 11.28× | ||
| Q1 24 | 2.46× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 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% |
