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Side-by-side financial comparison of Distribution Solutions Group, Inc. (DSGR) and ESAB Corp (ESAB). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $518.0M, roughly 1.4× Distribution Solutions Group, Inc.). ESAB Corp runs the higher net margin — 7.5% vs 1.2%, a 6.3% gap on every dollar of revenue. On growth, Distribution Solutions Group, Inc. posted the faster year-over-year revenue change (10.7% vs 8.5%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $32.9M). Over the past eight quarters, Distribution Solutions Group, Inc.'s revenue compounded faster (13.1% CAGR vs 2.8%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
DSGR vs ESAB — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $518.0M | $727.8M |
| Net Profit | $6.5M | $54.8M |
| Gross Margin | 32.9% | 37.0% |
| Operating Margin | 4.6% | 14.6% |
| Net Margin | 1.2% | 7.5% |
| Revenue YoY | 10.7% | 8.5% |
| Net Profit YoY | -70.6% | 2.1% |
| EPS (diluted) | $0.14 | $0.90 |
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 | — | $727.8M | ||
| Q3 25 | $518.0M | $715.6M | ||
| Q2 25 | $502.4M | $678.1M | ||
| Q1 25 | $478.0M | — | ||
| Q4 24 | $480.5M | $670.8M | ||
| Q3 24 | $468.0M | $673.3M | ||
| Q2 24 | $439.5M | $707.1M | ||
| Q1 24 | $416.1M | $689.7M |
| Q4 25 | — | $54.8M | ||
| Q3 25 | $6.5M | $66.9M | ||
| Q2 25 | $5.0M | $67.4M | ||
| Q1 25 | $3.3M | — | ||
| Q4 24 | $-25.9M | $53.7M | ||
| Q3 24 | $21.9M | $68.2M | ||
| Q2 24 | $1.9M | $82.9M | ||
| Q1 24 | $-5.2M | $60.0M |
| Q4 25 | — | 37.0% | ||
| Q3 25 | 32.9% | 37.2% | ||
| Q2 25 | 33.9% | 37.6% | ||
| Q1 25 | 34.3% | — | ||
| Q4 24 | 33.3% | 38.5% | ||
| Q3 24 | 33.9% | 37.7% | ||
| Q2 24 | 34.5% | 38.2% | ||
| Q1 24 | 34.5% | 37.0% |
| Q4 25 | — | 14.6% | ||
| Q3 25 | 4.6% | 15.2% | ||
| Q2 25 | 5.3% | 16.2% | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 4.2% | 16.6% | ||
| Q3 24 | 4.0% | 15.7% | ||
| Q2 24 | 3.2% | 16.9% | ||
| Q1 24 | 0.7% | 16.0% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | 1.2% | 9.3% | ||
| Q2 25 | 1.0% | 9.9% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | -5.4% | 8.0% | ||
| Q3 24 | 4.7% | 10.1% | ||
| Q2 24 | 0.4% | 11.7% | ||
| Q1 24 | -1.3% | 8.7% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | $0.14 | $1.09 | ||
| Q2 25 | $0.11 | $1.10 | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $-0.55 | $0.87 | ||
| Q3 24 | $0.46 | $1.11 | ||
| Q2 24 | $0.04 | $1.35 | ||
| Q1 24 | $-0.11 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.2M | $218.2M |
| Total DebtLower is stronger | $665.5M | $1.3B |
| Stockholders' EquityBook value | $653.9M | $2.1B |
| Total Assets | $1.8B | $4.9B |
| Debt / EquityLower = less leverage | 1.02× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $218.2M | ||
| Q3 25 | $69.2M | $258.2M | ||
| Q2 25 | $47.4M | $291.3M | ||
| Q1 25 | $65.4M | — | ||
| Q4 24 | $66.5M | $249.4M | ||
| Q3 24 | $61.3M | $253.7M | ||
| Q2 24 | $46.8M | $228.5M | ||
| Q1 24 | $73.1M | $76.5M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $665.5M | $1.1B | ||
| Q2 25 | $675.0M | $1.1B | ||
| Q1 25 | $712.4M | — | ||
| Q4 24 | $693.9M | $1.1B | ||
| Q3 24 | $704.1M | $1.1B | ||
| Q2 24 | $573.7M | $1.1B | ||
| Q1 24 | $535.7M | $992.8M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $653.9M | $2.1B | ||
| Q2 25 | $649.4M | $1.9B | ||
| Q1 25 | $636.7M | — | ||
| Q4 24 | $640.5M | $1.8B | ||
| Q3 24 | $680.8M | $1.8B | ||
| Q2 24 | $653.3M | $1.7B | ||
| Q1 24 | $654.7M | $1.6B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $1.8B | $4.4B | ||
| Q2 25 | $1.8B | $4.2B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.7B | $4.0B | ||
| Q3 24 | $1.8B | $4.1B | ||
| Q2 24 | $1.6B | $4.0B | ||
| Q1 24 | $1.5B | $3.8B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | 1.02× | 0.51× | ||
| Q2 25 | 1.04× | 0.55× | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | 1.08× | 0.60× | ||
| Q3 24 | 1.03× | 0.59× | ||
| Q2 24 | 0.88× | 0.63× | ||
| Q1 24 | 0.82× | 0.61× |
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 | $81.5M |
| Free Cash FlowOCF − Capex | $32.9M | $70.3M |
| FCF MarginFCF / Revenue | 6.3% | 9.7% |
| Capex IntensityCapex / Revenue | 1.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 5.95× | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | $92.2M | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.5M | ||
| Q3 25 | $38.4M | $46.6M | ||
| Q2 25 | $33.3M | $35.4M | ||
| Q1 25 | $-4.8M | — | ||
| Q4 24 | $45.7M | $126.9M | ||
| Q3 24 | $-17.3M | $101.0M | ||
| Q2 24 | $21.4M | $83.0M | ||
| Q1 24 | $6.6M | $44.5M |
| Q4 25 | — | $70.3M | ||
| Q3 25 | $32.9M | $37.4M | ||
| Q2 25 | $28.7M | $28.1M | ||
| Q1 25 | $-10.4M | — | ||
| Q4 24 | $41.1M | $102.2M | ||
| Q3 24 | $-20.5M | $90.4M | ||
| Q2 24 | $18.0M | $74.0M | ||
| Q1 24 | $4.2M | $37.1M |
| Q4 25 | — | 9.7% | ||
| Q3 25 | 6.3% | 5.2% | ||
| Q2 25 | 5.7% | 4.1% | ||
| Q1 25 | -2.2% | — | ||
| Q4 24 | 8.6% | 15.2% | ||
| Q3 24 | -4.4% | 13.4% | ||
| Q2 24 | 4.1% | 10.5% | ||
| Q1 24 | 1.0% | 5.4% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.0% | 3.7% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 0.6% | 1.1% |
| Q4 25 | — | 1.49× | ||
| Q3 25 | 5.95× | 0.70× | ||
| Q2 25 | 6.66× | 0.53× | ||
| Q1 25 | -1.46× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | -0.79× | 1.48× | ||
| Q2 24 | 11.28× | 1.00× | ||
| Q1 24 | — | 0.74× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
